ORE
ORE
Orion Real Estate Limited - Trading Statement
ORION REAL ESTATE LIMITED
(Formerly Alpina Investments Limited)
(Incorporated in the Republic of South Africa)
Registration number 1997/021085/06
Share code: ORE & ISIN ZAE000075651
("Orion")
TRADING STATEMENT
In terms of the Listing Requirements of the JSE Limited, companies are required
to publish a Trading Statement as soon as they become reasonably certain that
the financial results for the period to be reported on next, will differ by more
than 20% from those of the previous corresponding period.
Following the disposal of a number of properties during the twelve months prior
to 30 June 2005, the unaudited interim results of the group (formerly named
Alpina Investments Limited) for the six months ended 31 December 2005 are not
strictly comparable with the corresponding period ended 31 December 2004.
Linked unit holders are accordingly advised that the headline loss per linked
unit for the six months ended 31 December 2005 is expected to be between 60% and
80% lower than the headline loss per linked unit for the six months ended 31
December 2004 and the loss per linked unit for the six months ended 30 December
2005 is expected to be between 20% and 40% lower than the loss per linked unit
for the comparable period.
The net (and net tangible) asset value per linked unit is expected to improve by
between 300% and 320% from the December 2004 period to December 2005.
The forecast contained in this Trading Statement has not been reviewed or
reported on by the company"s external auditors. Orion will release its
provisional financial results for the six months ended 31 December 2005 on or
about 30 March 2006.
By order of the board
28 March 2006
Sponsor
Imara Corporate Finance South Africa (Pty) Ltd
Date: 28/03/2006 03:13:03 PM Produced by the JSE SENS Department
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 has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
