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STELLAR CAPITAL PARTNERS LIMITED - Trading statement

Release Date: 14/08/2017 11:00
Code(s): SCP     PDF:  
Wrap Text
Trading statement

STELLAR CAPITAL PARTNERS LIMITED
Incorporated in the Republic of South Africa
(Registration number 1998/015580/06)
Share code: SCP          ISIN: ZAE000198586
(“Stellar Capital” or “the Company”)

TRADING STATEMENT

In terms of paragraph 3.4(b) of the Listings Requirements of the
JSE Limited (“Listings Requirements”), a company is required to
publish a trading statement as soon as it is satisfied that a
reasonable degree of certainty exists that the financial results
for the period to be reported upon next will differ by at least
20% from those of the previous corresponding period.

Stellar Capital is currently finalising its interim financial
results for the 6-month period ended 31 May 2017 and audited
results for the 7-month period ended 30 June 2017. In this regard,
shareholders are advised that a reasonable degree of certainty
exists that Stellar Capital’s interim results for the 6-month
period ended 31 May 2017 and audited results for the 7-month period
ended 30 June 2017 will be within the following ranges:

                                      Expected       Reported
                                       6-month        6-month
                                  period ended   period ended
                 Change            31 May 2017    31 May 2016
                                          Rand           Rand
Net asset
value per        -22.29% to -
share            15.92%           1.22 to 1.32           1.57



                                      Expected        Reported
                                       7-month
                                  period ended   Year ended 30
                 Change           30 June 2017   November 2016
Net asset
value per        -26.51% to -
share            20.48%           1.22 to 1.32            1.66


The estimate financial information on which this trading statement
is based has not been reviewed and reported on by the Company’s
external auditors.

Stellar Capital expects to publish its unaudited interim financial
results for the 6-month period ended 31 May 2017 and provisional
audited condensed financial results for the 7-month period ended
30 June 2017 on the Stock Exchange News Service on or before
Thursday, 31 August 2017.

Cape Town
14 August 2017

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

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