BoE Limited
JSE Share Code : BOE
ISIN Code : ZAE000014890
BoE - NBS DIVISION PROPERTIES IN POSSESSION
It is evident from recent analysts' notes that an internal staff memorandum
may have been circulated in the market. To ensure consistent disclosure of
information BoE has set out below the balances of Properties in Possession
(PIP's) in the NBS division at 31 August 2001.
31 August 31 March
2001 2001
R'm R'm
Servcon Properties (unsold) 160 172
Other residential properties 489 523
Unsold properties 315 407
Properties sold awaiting 174 116
transfer
Total residential properties 649 695
Commercial properties 220 198
Unsold properties 192 179
Properties sold awaiting 28 19
transfer
Residential development 103 179
properties
Unsold properties 85 169
Properties sold awaiting 18 10
transfer
972 1 072
Details of the PIP's in September will be disclosed when BoE releases its
year-end results.
As evident from the above, although the overall PIP's balances have come
down by R100m since March, it is more pleasing to note that the unsold
properties have come down by a net amount of R175m. Every effort is being
made to ensure the properties awaiting transfer are transferred to their new
owners as quickly as possible.
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 has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
