| Mon 29 Sep 2008, 15:55 | | HUG - Huge - Trading Statement |
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HUG
HUG
HUG - Huge - Trading Statement
HUGE GROUP LIMITED
(formerly Vanquish Fund Managers Limited)
(Registration number 2006/023587/06)
Share code: HUG & ISIN: ZAE000102042
("Huge" or "the Group" or "the company")
TRADING STATEMENT
In terms of paragraph 3.4(b) of the JSE Limited Listings Requirements, a listed
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 the financial results for the
corresponding period in the prior year.
Shareholders are referred to the SENS announcement published on 12 December 2007
in which the directors of Huge published the unaudited results for the 6 month
interim period to 31 August 2007, which reflected earnings per share and
headline earnings per share of 3.5 cents.
Huge`s financial results for the 6 month interim period ended 31 August 2008 are
expected to be announced on or about 10 October 2008.
Shareholders are advised that a reasonable degree of certainty exists that the
company`s earnings per share and headline earnings per share will be between
750% and 770% higher than the 3.5 cents reported for the 6 month interim period
ended 31 August 2007. As such it is expected that earnings per share and
headline earnings per share for the 6 month interim period ended 31 August 2008
will be between 26.25 and 26.95 cents per share.
Shareholders are reminded that the earnings per share and headline earnings per
share for the 6 month interim period that ended on 31 August 2007 consisted of
the trading results of the company for only one month after listing. For
perspective, the current expected increase in earnings per share and headline
earnings per share for the 6-month interim period that ended on 31 August 2008
would be 25% to 28.33% higher than the corresponding full 6 month period in the
previous year, calculated on the August 2007 run rate.
This trading statement has not been reviewed or reported on by the Company`s
external auditors.
Johannesburg
29 September 2008
Corporate Advisor
Manhattan Equity Corporate Finance (Proprietary) Limited
Designated Advisor
Arcay Moela Sponsors (Proprietary) Limited
Registered office:
Block 2, Woodlands Drive Office Park, 5 Woodlands Drive, Woodmead, Johannesburg,
2191 (PO Box 16376, Dowerglen, 1610)
Transfer secretaries
Computershare Investor Services (Proprietary) Limited, Ground Floor, 70 Marshall
Street, Johannesburg
Directors:
EF Lediga*, BA McQueen*, D Tredoux*, KD Jarvis*, AD Potgieter (CEO), JC Herbst
(CFO), VM Mokholo, JA Morelis, SP Tredoux, M Pillay
*Non-executive
Date: 29/09/2008 15:55:01 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.
