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

SABVEST LIMITED - Trading statement

Release Date: 13/07/2018 12:14
Code(s): SBV SVN     PDF:  
Wrap Text
Trading statement

SABVEST LIMITED
(Incorporated in the Republic of South Africa)
Registration number 1987/003753/06
Ordinary share code: SBV and ISIN: ZAE000006417
N Ordinary share code: SVN and ISIN: ZAE000012043
(“Sabvest”)

TRADING STATEMENT

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

Shareholders are advised that the unaudited results of Sabvest for the six months
ended 30 June 2018 are expected to be within the following estimates:

                                     Expected          Expected      Reported      Audited
                                    % increase
                                   6 Months to      6 Months to   6 Months to    12 Months
                                    30/06/2018       30/06/2018    30/06/2017           to
                                   compared to            cents         cents   31/12/2017
                                    30/06/2017                                       cents


 Net asset value per share        44,8 to 47,5    5400 to 5500          3728          5085
 Dividends per share                      23,1              32            26            61
 Headline earnings per share              >100      341 to 364         119,7        1517,3
 Earnings per share                       >100      341 to 364         119,7        1517,3


Shareholders should note that net asset value per share for the six months ended
30 June 2018 would have increased by between 47,5% to 50,2%, or between 5500
cents – 5600 cents, if the special dividend of 100 cents had not been paid in February
2018.

The expected increase in net asset value for the six months to 30/06/2018 from
31/12/2017 is between 6,2% - 8,2%.

The forecast financial information contained in this trading statement has not been
reviewed and reported on by Sabvest’s external auditors. Sabvest’s unaudited interim
financial results for the six months ended 30 June 2018 are expected to be released
on the Stock Exchange News Service on or about 20 July 2018.

Sandton
13 July 2018

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

Date: 13/07/2018 12:14:00 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