MVG/MNGP - Mvelaphanda Group Limited - Trading Statement
MVG
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: ZAE000004578
("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 2010 is
expected to decrease to a loss per share of between 0,6 and 0,8 cents, compared
to headline earnings per share of 124,9 cents for the comparable period in 2009;
* Earnings per share for the six months ended 31 December 2010 is expected to
decrease to a loss per share of between 51 and 56 cents, compared to an earnings
per share of 117,3 cents for the comparable period in 2009; and
* Intrinsic net asset value per share at 31 December 2010 is expected to
decrease to be between 355 and 365 cents compared to 932 cents at 31 December
2009.
The financial information on which this trading statement is based has not been
reviewed or reported on by Mvela Group`s external auditors.
The Company`s results are expected to be released on SENS on or about Thursday,
17 March 2011.
Johannesburg
14 March 2011
Sponsor:
Deutsche Securities (SA) (Proprietary) Limited
Date: 14/03/2011 17:09:01 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.
