To view the PDF file, sign up for a MySharenet subscription.

ANCHOR GROUP LIMITED - Final trading statement for the year ended 31 December 2014

Release Date: 18/03/2015 14:16
Code(s): ACG     PDF:  
Wrap Text
Final trading statement for the year ended 31 December 2014

ANCHOR GROUP LIMITED
(formerly Andotorque Investments Proprietary Limited)
(Incorporated in the Republic of South Africa)
(Registration number 2009/005413/06)
(“Anchor” or “the Company”)
ISIN Code: ZAE000193389 JSE Code: ACG


FINAL TRADING STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2014


The Company issued a further trading statement for the 12 months ended 31 December 2014 on
10 March 2015. Following the finalisation of the IFRS technical review as part of the audit process
earnings are increased. This increase is based on the fair-value profit of the 18% investment in
Anchor Capital Cape Town due to the acquisition of the remaining 82%.

Shareholders are advised that the earnings per share will now be higher than the previously
anticipated range as published. The previously reported Earnings per Share range of 29 to
31 cents is now expected to increase between 30 and 32 cents, representing an increase of
between 315% and 335% on the comparable earnings per share of 7.5 cents for the year ended
2013.

There is no impact on headline earnings per share as previously announced. Headline earnings
per share for the year ended 31 December 2014 will range between 27 and 29 cents per share,
representing an increase of between 260% and 280%.

Adjusted headline earnings are calculated by the Company in order to reflect the sustainable
earnings of the group. Adjusted headline earnings per share for the year ending 31 December
2014, will range between 29 and 31 cents per share, representing an increase of between 290%
and 310%.

The financial information on which this trading statement is based has not been reviewed or
reported on by the company’s auditors.

The Company expects to release its audited results by close of business on 18 March 2015.

Johannesburg
18 March 2015

Designated Advisor
Arbor Capital Sponsors Proprietary Limited

Date: 18/03/2015 02:16:00 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.

Share This Story