Enhanced Investments - Financial Portal

Trading Statement

Published: 2022-06-24 14:11:29 ET

    ETION LIMITED
    (Incorporated in the Republic of South Africa)
    (Registration Number: 1987/001222/06)
    (Share Code: ETO)
    (ISIN: ZAE000097028)
    (“Etion” or “the Company”)


TRADING STATEMENT


In terms of the JSE Limited Listings Requirements, a listed company is required to publish a
trading statement as soon as it becomes reasonably certain that the financial results for the
next period to be reported on will differ by 20% or more from the financial results for the
previous corresponding period.

The Company hereby advises that a reasonable degree of certainty exists that for the financial
year ended 31 March 2022:

-       earnings per share (“EPS”), including continuous and discontinued operations, will be
        between 26.3 cents and 28.2 cents, representing an increase of between 182.8% and
        203.2% compared to the EPS of 9.3 cents reported for the financial year ended
        31 March 2021.

-       headline earnings per share (“HEPS”), including continuous and discontinued
        operations, will be between 11.8 cents and 13.7 cents, representing an increase of
        between 26.9% and 47.3% compared to the HEPS of 9.3 cents reported for the financial
        year ended 31 March 2021.

The increase in EPS and HEPS is mainly due to Etion continuing to achieve sustainable
growth in profitability and a result of the Company benefitting from a R140.6 million gain on
the disposal of Etion Secure (“LAWTrust”) and LAWTrust’s profit contribution during the first
half of the 2022 financial year. The remaining entities Etion Create and Etion Connect traded
well despite the ongoing pressure of COVID-19, supply chain disruptions and component
shortages. The performance improvement is attributable to (i) increased demand for products
and services; (ii) effective delivery of growing customer orders, including major long-term
contracts in the defence, mining, and telecommunication markets; (iii) a strong focus on the
management of inventory and cash; and (iv) the positive effects of streamlining operations
during the previous two financial years.

The financial information on which this trading statement is based has not been reviewed or
reported on by the auditor of the Company. The reviewed results for the period ended
31 March 2022 are expected to be published on or about 29 June 2022.

Pretoria
24 June 2022

Designated Adviser
PSG Capital

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.