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Trading Statement for the Six Months Ended 29 February 2024
Trematon Capital Investments Limited
(Incorporated in the Republic of South Africa)
Registration number 1997/008691/06
Share code: TMT
ISIN: ZAE000013991
("Trematon" or "the Trematon group")
TRADING STATEMENT FOR THE SIX MONTHS ENDED 29 FEBRUARY 2024
In terms of the Listing Requirements of the JSE Limited ("Listings
Requirements"), a listed company is required to publish a trading
statement as soon as it becomes satisfied that a reasonable degree of
certainty exists that the financial results for the period to be
reported on next will differ by at least 20% from those of the previous
corresponding period.
Shareholders are hereby advised that the Trematon group is currently
finalising its interim financial results for the period ended 29
February 2024.
Trematon is an investment holding company and uses earnings, headline
earnings and the intrinsic value model to provide management and
investors with a realistic and transparent way of evaluating
Trematon's performance. Trematon's earnings and headline earnings are
inherently volatile and do not provide an accurate indication of the
operations of the Trematon group. Management considers the intrinsic
net asset value ("INAV") to be the most important financial measure
of value for shareholders. The INAV is compiled using a combination
of listed market prices, external professional valuations and/or
directors valuations, where applicable and reflects the realisable
value of the company based on an efficient disposal of the assets.
The Trematon group expects:
• basic earnings per share for the period ended 29 February 2024
to be between 3.5 cents and 3.8 cents as compared to basic
earnings of 1.4 cents for the previous comparable interim period
ended 28 February 2023 (" previous interim period");
• headline earnings per share for the period ended 29 February
2024 is expected to be between 3.5 cents and 3.8 cents, which
is between 68.8% and 66.1% lower than the previous interim
period's 11.2 cents;
• net asset value ("NAV") per share for the period ended 29
February 2024 to be between 336 cents and 340 cents, which is
between 0.3% and 1.5% higher than the previous interim period's
335 cents; and
• INAV per share for the period ended 29 February 2024 to be
between 405 cents and 410 cents, which is between 3.8% and 2.6%
lower than the previous interim period's 421 cents, mainly due
to the capital distribution of 32 cents per share paid to
shareholders in December 2023.
Further details will be provided in the interim Trematon group results
for the period ended February 2024, due to be published on SENS on or
about 17 May 2024.
The financial information on which this trading statement is based
has not been reviewed or reported on by the Trematon group's auditors
in accordance with either 3.4b(viii)(1)(aa) or 3.4b(viii)(1)(bb) of
the Listings Requirements.
Cape Town
10 May 2024
JSE Sponsor
Questco Corporate Advisory Proprietary Limited
Date: 10-05-2024 05:00:00
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