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Trading Statement and new Adoption for Subsequent Trading Statements
Tradehold Limited
(Incorporated in the Republic of South Africa)
(Registration number 1970/009054/06)
JSE code: TDH
ISIN: ZAE000152658
(“the Company”)
TRADING STATEMENT AND NEW ADOPTION FOR SUBSEQUENT TRADING STATEMENTS
1. TRADING STATEMENT
Net profit attributable to the owners of the parent for the
six months ended 31 August 2016 is expected to increase by
between 37% and 41% (increase approximating £2.9m to £3.2m),
off a 2015 base of £7.818m, resulting in an expected increase
in basic Earnings per Share of between 35% and 39% (increase
approximating 1.5 pence to 1.6 pence), off a 2015 base of 4.2
pence per share.
Headline earnings is expected to decrease by between 64% and
68% (decrease approximating £4.6m to £4.9m), off a 2015 base
of £7.189m. The expected decrease is mainly due to the
inclusion of realized gains on the sale of non-core listed
shares and unrealised foreign exchange profits in the 2015
period. Consequently, headline Earnings per Share for the six
months ending 31 August 2016 is expected to decrease by
between 65% and 69% (decrease approximating 2.5 pence to 2.7
pence) off a 2015 base of 3.9 pence per share.
Core headline earnings (as defined by the Company) which
excludes once off and non-operating items, is expected to
increase by between 80% and 85% (increase approximating £4.7m
to £4.9m), off a 2015 base of £5.866m. Consequently, core
headline Earnings per Share for the six months ending 31
August 2016 is expected to increase by between 80% and 85%
(increase approximating 2.5 pence to 2.6 pence) off a 2015
base of 3.1 pence per share.
2. NEW MEASUREMENT FOR SUBSEQUENT TRADING STATEMENTS
Net asset value per share is expected to increase by between
9% and 14% (increase approximating 7.6 pence to 11.7 pence),
off a 2015 base of 82.9 pence per share.
The Company wishes to adopt net asset value per share as the
measure for trading statements going forward, as management
believes this measure is more relevant to the nature of the
Company’s business. This trading statement does not comply
with the new policy, but subsequent trading statements will
comply.
It is anticipated that the financial results for the six
months ended 31 August 2016 will be published on or about 16
November 2016.
The above information has not been reviewed or reported on by
the Company’s auditors.
Cape Town
31 October 2016
Sponsor
Bravura Capital (Pty) Ltd
Date: 31/10/2016 04:04:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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