Enhanced Investments - Financial Portal

Further Trading Statement

Published: 2023-02-20 16:13:25 ET

WILSON BAYLY HOLMES - OVCON LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1982/011014/06)
Share code: WBO
ISIN: ZAE000009932
(“WBHO or “Company” or “Group”)


FURTHER TRADING STATEMENT

Shareholders are referred to the Trading Statement published on SENS on 8 February 2023 in which
stakeholders were advised of the trading update for the Group over the financial period ended 31
December 2022. Shareholders are advised that the represented position at 31 December 2021 has
been corrected to correctly reflect the elimination of the Australia Group’s tax position at that date.

The re-presented earnings per share from continuing operations is expected to produce earnings per
share of between 810 cents and 835 cents per share compared to the represented earnings per share
of 596 cents. Headline earnings per share is expected to produce earnings per share 800 cents and
828 cents per share compared to re-presented headline earnings per share of 591 cents per share
from continuing operations at 31 December 2021. The anticipated costs of closure disclosed in the
Business Update has not changed.


Accordingly, the directors of WBHO now hereby advise shareholders that, in respect of the
consolidated financial results for the six months ended 31 December 2022, earnings per share and
headline earnings per share are expected to vary by the percentages and amounts included in the
table below:-

                               31 December 2022               31 December             31 December
                               % range between                    2022                    2021
                                                                between               represented
       Continuing
       operations
  Attributable earnings
    per share (cents)            36% to 40% up                810 and 834,6               596,1
   Headline earnings
    per share(cents)             35% to 40% up               800,0 and 827,6              591,1

   Total operations
       Attributable             124% to 126% up                620 and 659               (2 535,0)
   earnings/(loss) per
     share (cents)
        Headline                138% to 140% up               610 and 645.3              (1 613,2)
   earnings/(loss) per
      share(cents)


The summarised consolidated financial statements for the six months ended 31 December 2022 are
expected to be released on SENS on 28 February 2023.

The financial information on which this trading statement is based has not been reviewed or reported on by
the Group’s external auditors.



By order of the board
Johannesburg
20 February 2023
Sponsor: Investec Bank Limited

Enhanced Investments, Inc.
329 South Oyster Bay Road #2085
Plainview, NY 11803
team@eninvs.com

Important disclosures

Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.

Nothing on this website should be considered an offer, solicitation of an offer, or advice to buy or sell securities.
Past performance is no guarantee of future results. Any historical returns, expected returns [or probability projections] are hypothetical in nature and may not reflect actual future performance.
All the strategies assume investments in equity invstrumenta only and are more relevant for "agressive investment profile". Eastern European flagship strategy assumes using up to 20% leverage of total portfolio. GlobalCommodities and US Growth strategy currently assume no leverage.
Results for the Enhanced Investments strategies as compared to the performance of Illustrative Benchmarks is for informational purposes only. Our investment program does not mirror that of the Illustrative Benchmarks and the volatility may be materially different from the volatility of Illustrative Benchmarks. Reference or comparison to an Illustrative Benchmark does not imply that strategies of Enhanced Investments will be constructed in the same way as the Illustrative Benchmark or achieve returns, volatility, or other results similar to those of the Illustrative Benchmark. The S&P 500 is an unmanaged market capitalization-weighted index of 500 common stocks chosen for market size, liquidity, and industry group representation to represent U.S. equity performance.
Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.