Sharenet Sites 
Sharenet Sites
Trading Statement
Tradehold Limited
(Incorporated in the Republic of South Africa)
(Registration number 1970/009054/06)
JSE code: TDH
ISIN: ZAE000152658
(“the Company”)
TRADING STATEMENT
In terms of paragraph 3.4(b) of the Listings Requirements of
the JSE Limited, companies are required to publish a trading
statement as soon as they become reasonably certain that the
financial results for the period to be reported on next will
differ by at least 20% from those of the previous
corresponding period.
Net profit for the period after deduction of non-controlling
interest is expected to increase to £3.955m compared to
£3.666m in the previous corresponding period, being an
increase of £0.3m (and a percentage increase of 8%), resulting
in expected basic Earnings per Share for the six months ended
31 August 2014 of 2,7 pence per share, compared to 2,6 pence
per share in respect of the comparative period, being an
increase of 0.1 pence per share (and a percentage increase of
4%).
Profit for the period before fair value gains and losses on
non-core investments in listed shares is expected to increase
to £4.963m compared to £2.378m in the previous corresponding
period, being an increase of £2.585m (and a percentage
increase of 109%), resulting in expected Earnings per Share
before such fair value adjustments for the six months ended 31
August 2014 of 3,4 pence per share, compared to 1,7 pence per
share in respect of the comparative period, being an increase
of 1.7 pence per share (and a percentage increase of 100%).
The inclusion of fair value losses on the non-core investments
in listed shares of £1m (compared to a fair value gain of
£1.3m for the corresponding period) and the exclusion of fair
value gains and profit on sale of core investment properties
of £2.2m (£nil for the corresponding period) from the
calculation of headline earnings, is expected to result in
headline earnings of £1.754m for the six months ended 31
August 2014, compared to £3.666m in respect of the comparative
period, being a decrease of £1.9m (and a percentage decrease
of 52%) . Consequently, headline Earnings per Share for the
six months ended 31 August 2014 is expected to be 1,2 pence
per share, compared to 2,6 pence per share in respect of the
comparative period, being a decrease of 1.4 pence per share
(and a percentage decrease of 54%).
It is anticipated that the financial results for the six
months ended 31 August 2014 will be published on or about 22
October 2014.
The above information has not been reviewed or reported on by
the Company’s auditors.
Cape Town
17 October 2014
Sponsor
Bravura Equity Services (Pty) Ltd
Date: 17/10/2014 05:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
