SABVEST LIMITED - Trading statement

Release Date: 27/02/2019 15:59
Code(s): SBV SVN
 
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 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 financial results of Sabvest for the twelve months
ended 31 December 2018 are expected to be within the following estimates:



                                               Expected            Expected             Audited
                                              12 months           12 months           12 months
                                          to 31/12/2018       to 31/12/2018       to 31/12/2017
                                             % increase               cents               cents

 Net asset value per share              + 13,1 to + 18,0       5750 to 6000                5085
 Dividends per share                              + 11,5                 68                  61
 Headline earnings per share              - 65,1 to 63,8         530 to 550              1517,3
 Earnings per share                       - 65,1 to 63,8         530 to 550              1517,3

The estimated financial information as contained in this trading statement has not been
reviewed and reported on by Sabvest’s external auditors. Sabvest’s audited financial
results for the year ending 31 December 2018 are expected to be released on SENS
early March 2019.


Sandton
27 February 2019

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

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