JDH - John Daniel Holdings Limited - Trading Statement And Cautionary
JDH
JDH
JDH - John Daniel Holdings Limited - Trading Statement And Cautionary
Announcement
JOHN DANIEL HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration Number 1998/013215/06)
Share code: JDH ISIN: ZAE 000136677
("the Group" or "JDH")
TRADING STATEMENT AND CAUTIONARY ANNOUNCEMENT
In terms of the Listings Requirements of the JSE Limited ("JSE"), companies
are required to publish a trading statement as soon as they become reasonably
certain that the financial results for the period to be reported on next will
be different from the previous corresponding period.
Shareholders are advised that once-off costs not related to operations, but
attributable to the refinancing, consolidation and restructuring of the group
have impacted negatively on the overall results of the group.
Accordingly, shareholders are advised that the group results for the year
ending 30 June 2009 ("the reporting period") have significantly changed when
compared to the previous corresponding period. Consequently, revenue is
expected to increase by 31.98%, headline earnings are expected to be between
1215% and 1220% lower and earnings per share are expected to be between 34%
and 35% lower than those achieved in the previous corresponding period. Net
asset value is expected to decrease by 134%.
The above information has not been reported on by the company`s auditors. The
company`s provisional results for the year ending 30 June 2009 are expected
to be published on 30 October 2009.
Shareholders are advised to exercise caution in dealing with the company`s
securities until such time as the effects on net asset value due to the
conversion of the Golden Oak Corporate Advisors (Pty) Ltd`s loan account is
known to the company and more fully reported on. The conversion of the loan,
when converted, is expected to increase the net asset value by R10.5 million.
The expected conversion price will only be known to the company at the
beginning of November 2009 and will more fully be dealt with in subsequent
SENS announcements.
Date 28 October 2009
Sponsor
Arcay Moela Sponsor (Pty) Ltd
(Registration number 2006/033725/07)
Date: 28/10/2009 13:36:01 Produced by the JSE SENS Department.
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