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TREMATON CAPITAL INVESTMENTS LIMITED - Trading statement

Release Date: 22/04/2020 14:30
Code(s): TMT     PDF:  
Wrap Text
Trading statement

Trematon Capital Investments Limited
(Incorporated in the Republic of South Africa)
Registration number 1997/008691/06
Share code: TMT
ISIN: ZAE000013991
("Trematon" or "the Company")

TRADING STATEMENT

In terms of the listing requirements of the JSE Limited, a
listed company is required to publish a trading statement as
soon as it becomes reasonably certain that the financial
results for the next period to be reported on will show a 20%
or more difference from those of the previous corresponding
period.

Shareholders are hereby advised that Trematon is currently
finalising its interim financial results for the 6 months
ended 29 February 2020.

Trematon is an investment holding company and uses earnings,
headline earnings and the intrinsic value model to provide
management and investors with a realistic and transparent way
of evaluating Trematon’s performance.

Shareholders are advised that Trematon’s earnings per share
for the 6-month period ended 29 February 2020 will increase
by approximately 500% and headline earnings per share will
increase by approximately 100% from the previous comparable
interim period ended 28 February 2019 (“previous interim
period”). Earnings and headline earnings are expected to be
approximately 0.4 and 0.01 cents per share respectively,
compared to a loss and headline loss of 0.1 cents per share
for the previous interim period.

The percentage increase in both earnings per share and
headline earnings per share compared to the previous interim
period is exaggerated because the company made a small loss
in the prior period and a small profit in the current period,
whereas the operating performance of the company did not
change in a material sense.

The intrinsic net asset value (“INAV”)- which the board of
directors of Trematon (“directors”) considers to be the most
important measure of shareholder value - is expected to
increase by approximately 6% to 510 cents per share from 482
cents per share at the previous interim period.

The book net asset value is expected to increase by
approximately 2% to 411 cents per share from 403 cents per
share at the previous interim period.

The pro forma financial information included in INAV above
has been compiled using a combination of listed market values,
external    professional    valuations    and/or    directors’
valuations, where applicable.

The financial information in this trading statement has not
been reviewed and reported on by the auditors of the Company.
Trematon’s interim results will be published on or about 24
April 2020.



Cape Town
22 April 2020
Sponsor
Sasfin Capital
A division of Sasfin Bank Limited

Date: 22-04-2020 02:30:00
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