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2013-02-19
Corporate Updates


KAP Industrial Holdings: In its results for 1H13, the company reported that its revenue climbed 55.0% to R7.90bn, compared to the corresponding period prior year. Diluted headline EPS increased to 14.20c from 11.80c posted in the comparable period last year.

Aveng: The construction and engineering, in its trading update for 1H13, stated that EPS is expected to be between R0.99 and R1.06, compared to R0.71 posted in the same period a year earlier. Headline EPS is estimated to be in the range of R0.99 to R1.06, from R0.71 reported in the comparative period prior year.

Massmart Holdings: In its trading statement for 1H13, the retailer indicated that headline EPS is expected to be between R3.12 and R3.41, lower than R4.16 reported in the corresponding period a year ago. Basic EPS is expected to be in the range of R3.07 to R3.36, compared to R4.15 posted in the same period previous year.

African Rainbow Minerals: The mining company, in its trading statement for 1H13, reported that basic and headline EPS are expected to decrease to between R6.30 and R6.75, compared to R9.58 and R9.37, respectively, posted in the comparable period last year.

Peregrine Holdings: The company, in its trading update for FY13, indicated that basic EPS is expected to be more than 20.0% lower compared to R1.44 reported in the previous year, due to impairment charges on intangible assets of its subsidiary, Stenham Limited.

Grand Parade Investments: In its trading statement for six months ended 31 December 2012, the company indicated that basic EPS is expected to be between 60.0% and 70.0% lower than 38.57c recorded in the previous corresponding period. Headline EPS is expected to be between 25.0% and 35.0% lower, compared to 19.87c posted in the same period last year.

Invicta Holdings: The company announced that its holding company for its South African operations, Humulani Investments Limited, through its Capital Equipment Group, has concluded the agreement to acquire 100.0% interest in High Power Equipment Africa Limited.

New Europe Property Investments: The closed-ended investment company announced that its subsidiaries NE Property Cooperatief and NEPI Investment Management have agreed to buy all the shares in and shareholder’s claim against BVB Real Estate from AIG/Lincoln Lakeview and to acquire the outstanding bank debt of BVB Real Estate from MKB Bank Zartkoruen Mukodo Reszvenytarsasag, for a total cash consideration of approximately EUR61.70mn.

Sun International: The company announced that Robert Becker has decided to step down from his position as the Chief Financial Officer and Executive Director of the company, with effect from 28 February 2013.

Intu Properties: The company announced that the name of Capital Shopping Centres Group has been changed to Intu Properties, effective 18 February 2013.

Blue Label lists ADRs to attract investors: Blue Label Telecoms has joined a number of listed companies including Mr Price, in launching an American Depository Receipts (ADR) programme in a bid to attract more foreign investors, it said.

Thank you Anchor Capital


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