ABO
ABO
ABO - Absolute Holdings Limited - Trading statement
ABSOLUTE HOLDINGS LIMITED
(To be renamed BAUBA PLATINUM LIMITED)
(Incorporated in the Republic of South Africa)
(Registration number 1986/004649/06)
Share code: ABO & ISIN No: ZAE000144267
("Absolute" 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.
The Company is currently finalising its financial results for the year ended
30 June 2010 and expect to announce them on or about 17 September 2010.
Shareholders are accordingly hereby advised that a reasonable degree of
certainty exists that the company`s loss per share will be between 210% and
230% lower than the 58.59c loss per share reported for the year ended 30 June
2009. Headline loss per share will be between 10% and 20% higher than the
58.59c headline loss per share reported for the year ended 30 June 2010.
Shareholders are advised that the major portion of the expected loss is due
to discontinued operations as disclosed in the last circular issued to
shareholders on 17 May 2010. In addition, shareholders are reminded of the
Bauba acquisition which is a major subsequent event, which has no impact on
the results for the year ended 30 June 2010.
This trading statement has not been reviewed or reported on by the Company`s
external auditors.
Johannesburg
14 September 2010
Sponsor
Arcay Moela Sponsors (Proprietary) Limited
Date: 14/09/2010 07:05:02 Produced by the JSE SENS Department.
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