Mvelaphanda Group Ltd - MVELA GROUP NET ASSET VALUE ('NAV') UPDATE
MVG
MVELA GROUP NET ASSET VALUE ('NAV') UPDATE
Mvelaphanda Group Limited
(Incorporated in the Republic of South Africa)
Registration number: 1995/004153/06
Ordinary share code: MVG SJ
Ordinary share ISIN: ZAE000060737
('Mvela Group' or 'the Company')
MVELA GROUP NET ASSET VALUE ('NAV') UPDATE
INTRINSIC NAV AS AT 30 JUNE 2012
ZAR ZAR
30-June- 31-May-
12 12
NAV (millions) 1,957 2,042
Shares in issue
(millions) 521 520
NAV per share 3.76 3.93
Ordinary share price 3.40 3.33
Ordinary share price
discount to NAV 9.6% 15.3%
Notes
1 All information is unaudited.
2 The intrinsic NAV provides a measure of the underlying
value of the Group's assets and does not indicate when the
investments will be realised, nor does it guarantee the
value at which the investments will be realised.
3 For the purposes of determining the intrinsic values,
listed investments on recognised stock exchanges are valued
using quoted bid prices and unlisted investments are shown
at directors' valuation.
4 Based on the net number of shares in issue on 30 June 2012.
Portfolio Summary
Mvela Group's NAV at 30 June 2012 comprised the following
investments:
Investment ZAR
Millions
ABSA Group Limited (Batho
Bonke) 1,158.5
Avusa Limited 531.3
Group Five Limited 61.5
1,751.3
Net cash / (debt) 206.2
1,957.5
Portfolio Performance
The intrinsic NAV per share decreased mainly due to the
decrease in the share price of ABSA Group Limited. The
investment portfolio continues to perform in line with
expectations.
9 July 2012
Johannesburg
Sponsor: PSG Capital
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