BNT
BNT
BNT - Bonatla Property Holdings - Trading Update
BONATLA PROPERTY HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1996/014533/06)
Share code: BNT
ISIN code: ZAE000013694
("Bonatla" or "the company")
TRADING UPDATE
In terms of paragraph 3.4(b)(i) of the Listings Requirements of the JSE Limited,
listed companies are required to publish a trading statement as soon as they
become reasonably certain that the financial results for the next period to be
reported on will be more than 20% different from those of the previous
corresponding period or from a profit forecast previously provided to the market
in relation to such period.
The board would like to advise shareholders that compared to the previous
financial period:-
1. The loss per share in the previous period of 3.55 cents per share, and
headline loss per share of 3.55 cents per share is expected to decline by
between 80% to 90%, representing an improvement in the results.
2. The net asset value per share in the previous period of 12,13 cents per
share is expected to increase by between 150% and 175%, representing an
improvement in the results.
Due to the delays in the final implementation of various acquisitions as
contained in circulars to shareholders dated 11 April 2009 and 27 July 2009,
which resulted from, inter alia, the delay in lifting of the suspension of the
company`s shares to 17th August 2009, the comparison of the earnings related to
the earnings forecast for the full year to 31 December 2009 is not relevant or
meaningful and would reflect a decline in earnings and headline earnings per
share by over 125%.
The financial results for the period ending 31 December 2009 will be published
within 72 hours of this announcement.
The financial information on which this trading statement is based has not been
reviewed by the company`s auditors.
Johannesburg
13 April 2010
Sponsor
Arcay Moela Sponsors (Proprietary) Limited
Date: 13/04/2010 16:10:02 Produced by the JSE SENS Department.
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