SBV SVN
SBV
SBV - Sabvest Limited - Trading Statement
SABVEST LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1987/003753/06)
Ordinary shares : Share code: SBV & ISIN: ZAE000006417
N Ordinary shares: Share code: SVN & ISIN: ZAE000012043
("Sabvest" or "the company")
TRADING STATEMENT
The company is pleased to advise shareholders that the following results are
expected for the six months ended 30 June 2007:
An increase in HEPS of 61,7% to 66,6 cents per share.
An increase in EPS of 43,4% to 61,1 cents per share.
An increase in the interim dividend of 50% to 3 cents per share.
These estimates are unaudited and have not been reviewed and reported on by
the company`s auditors. The interim results statement is expected to be
published by the end of July.
As explained in the 2006 annual report, Sabvest earned substantial one-off
profits in the second half of 2006 which are not expected to be repeated in
2007. Accordingly, although a sound performance is expected from all of the
group`s investments, Sabvest anticipates recording lower headline earnings
per share and earnings per share for 2007 than in the prior exceptional year
(notwithstanding the increases reflected in the first half as above).
However, intrinsic value per share for the year is expected to increase and
dividends per share to be increased.
Sandton
17 July 2007
Sponsor
Rand Merchant Bank (A division of FirstRand Bank Limited)
Date: 17/07/2007 12:37:02 Produced by the JSE SENS Department.
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