Enhanced Investments - Financial Portal

Updated trading statement

Published: 2023-08-17 12:30:18 ET

AVENG LIMITED
Incorporated in the Republic of South Africa
(Registration number: 1944/018119/06)
ISIN: ZAE000302618
SHARE CODE: AEG
("Aveng" or "the Group")




UPDATED TRADING STATEMENT



This trading statement is in accordance with paragraph 3.4 (b) of the JSE Listings Requirements, which requires issuers to
publish a trading statement as soon as they are satisfied that a reasonable degree of certainty exists that the financial
results for the period to be reported on will differ by at least 20% from those of the prior comparative period.

Shareholders are referred to the trading statement announced on SENS on 21 July 2023, detailing expected operating
losses at both McConnell Dowell and Moolmans. The Group expects to report a basic and headline loss per share for the
year ended 30 June 2023.

Consistent with guidance previously provided on 21 July 2023, the Group hereby advises that a reasonable degree of
certainty exists that the results for the year ended 30 June 2023 to be within the following ranges:

                                                             Expected                           Reported
                                                           30 June 2023                       30 June 2022
                                                     ZAR’m             % change                  ZAR’m
 (Loss)/earnings for the period                 (1 289) – (1 280)    (more than 100)              130
 Headline (loss) / earnings                       (963) – (945)      (more than 100)              308
                                                      Cents            % change                  Cents
 Basic (loss) / earnings per share              (1 023) – (1 015)    (more than 100)              106
 Headline (loss) / earnings per share             (761) – (749)      (more than 100)              252
 Diluted (loss) / earnings per share             (1 023) – (1 015)   (more than 100)              100
 Diluted headline (loss) / earnings per share      (761) – (749)     (more than 100)              238



The Group expects to release its audited results on or about 22 August 2023.

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

17 August 2023

Melrose Arch

JSE Sponsor
Valeo Capital (Pty) Ltd




Itumeleng Lepere
Manager Investor Relations
Tel: 011 779 2800
Email: investor.relations@avenggroup.com

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.