MCU - m Cubed Holdings Limited - Trading Statement
MCU
MCU
MCU - m Cubed Holdings Limited - Trading Statement
m Cubed Holdings Limited
Incorporated in the Republic of South Africa
(Registration number: 1998/014568/06)
Share code: MCU
ISIN: ZAE000033353
("m Cubed" or "the Company" "the Group")
TRADING STATEMENT
In terms of the Listings Requirements of the JSE Limited, a listed company is
required to publish a trading statement as soon as it becomes aware that the
financial results for the next period to be reported on will vary by 20% or more
from those of the previous corresponding period.
Shareholders are reminded that m Cubed did not publish interim results for the 6
months ended 31 August 2009 and therefore there is no comparable information on
which this trading statement can be based.
Shareholders are therefore accordingly advised that a reasonable degree of
certainty exists that, for the six months ended 31 August 2010:
- Earnings per share for the 6 months ended 31 August 2010 is expected to be
between 0.4 cent and 0.5 cent per share.
- Headline earnings per share for the 6 months ended 31 August 2010 is
expected to be between 0.1 cent and 0.2 cent per share.
Shareholders are further advised that a reasonable degree of certainty exists
that the net asset value per share for the six months ended 31 August 2010 will
not change materially from the audited figures reported for the year ended 28
February 2010.
This financial information has not been reviewed and reported on by the auditors
of m Cubed. The unaudited results for the six months ended 31 August 2010, will
be published on or about 30 September 2010.
ADOPTION OF NEW PERFORMANCE MEASURES FOR FUTURE TRADING STATEMENTS
In compliance with rule 3.4 (b) (vi) of the Listings Requirements of the JSE
Limited, shareholders are hereby advised that going forward, the Company will
adopt net asset value per share for trading statement purposes.
Stellenbosch
29 September 2010
PSG Capital (Pty) Limited
Sponsor to m Cubed Holdings
Date: 29/09/2010 16:47:01 Produced by the JSE SENS Department.
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