BJM
BJM
BJM - Barnard Jacobs Mellet Holdings Limited - Trading Statement
BARNARD JACOBS MELLET HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration Number 1995/004798/06)
JSE code: BJM
ISIN: ZAE000014262
("BJM" or "the Group")
TRADING STATEMENT
In terms of the Listings Requirements of the JSE Limited, companies are required
to publish a trading statement as soon as they become aware that the financial
results for the period to be reported upon next will differ by at least 20% from
the financial results for the previous corresponding period.
Accordingly, BJM shareholders are advised that management has reasonable
certainty that the Group`s earnings for the six months ended 30 September 2009
will be impacted at least to this extent. The slowdown in agency trading
activity following the deterioration in both local and global market conditions
experienced during the previous financial year end continued into the current
reporting period and has left profitability under pressure.
Following the implementation of strict cost containment, management is able to
report that all of the Group`s major business units are operating profitably.
Furthermore, management is resolute in ensuring that the Group retains its
market position across its key disciplines.
Management expects BJM`s earnings for the six months ended 30 September 2009 to
be as follows:
- headline earnings between 11 to 14 cents per share (2008 10.9 cps); and
- basic earnings between 14 to 16 cents per share (2008 10.4 cps).
The interim results for the six months ended 30 September 2009 will be announced
on or about 12 November 2009.
The information contained in this Trading Statement has not been reviewed or
reported on by BJM`s auditors.
Johannesburg
13 October 2009
Sponsor:
Barnard Jacobs Mellet Corporate Finance (Pty) Limited
Independent Sponsor:
Deloitte & Touche Sponsor Services (Pty) Limited
Date: 13/10/2009 17:05:01 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.
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
