MVG/ MNGP - Mvelaphanda Group Limited - Trading Statement
MVG MVGP
MVG
MVG/ MNGP - Mvelaphanda Group Limited - Trading Statement
MVELAPHANDA GROUP LIMITED
(Incorporated in the Republic of South Africa)
Registration number 1995/004153/06
Ordinary Share Code: MVG
Ordinary Share ISIN: ZAE000060737
Preference Share Code: MNGP
Preference Share ISIN: ZAE000073540
("Mvela Group" or "the Company")
TRADING STATEMENT
In terms of paragraph 3.4 (b) of the Listings Requirements of the JSE Limited,
an issuer 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
next period to be reported on are expected to differ by at least 20% from those
of the previous corresponding period.
Accordingly, shareholders are advised that Mvela Group`s:
* Headline earnings per share for the six months ended 31
December 2009 is expected to increase to between 115 and 130
cents, compared to 1.3 cents for the comparable period in 2008;
* Earnings per share for the six months ended 31 December 2009 is
expected to increase tobetween 110 and 125 cents, compared to
1.9 cents for the comparable period in 2008; and
* Intrinsic net asset value per share at 31 December 2009 is
expected to increase to be between 914 and 950 cents compared
to 736 cents at 31 December 2008.
This trading statement has not been reviewed or reported on by Mvela Group`s
external auditors.
The Company`s interim results are expected to be released on SENS on or about
Thursday 4 March 2010.
1 March 2010
Sponsor:
Deutsche Securities (SA) (Proprietary) Limited
Date: 01/03/2010 14:14:02 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 has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
