Enhanced Investments - Financial Portal

Trading Statement

Buy African Equity Empowerment Investments Stocks

Published: 2023-12-12 08:10:22 ET

AFRICAN EQUITY EMPOWERMENT INVESTMENTS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1996/006093/06)
Share Code: AEE
ISIN ZAE000195731
(“AEEI” or “the Company”)


TRADING STATEMENT


In accordance with paragraph 3.4(b) of the Listings Requirements of JSE Limited, companies are
required to publish a trading statement as soon as a reasonable degree of certainty exists that the
financial results for the next financial period to be reported on will differ by at least 20% from those
of the prior corresponding period.

Shareholders are advised that the Company’s loss-making technology division, AYO Technology
Solutions Limited (“AYO”), will be classified as a discontinued operation which will result in the
reclassification of prior year comparatives to exclude AYO’s results, which will be detailed in the
financial results for the year ended 31 August 2023.

Accordingly, a review by management of the financial results for the year ended 31 August 2023 has
indicated that AEEI expects to report:

-   a basic loss per share of continuing operations for the year ended 31 August 2023 of between
    (2.25) and (2.83) cents per share, compared to the basic earnings per share of continuing
    operations of 2.93 cents for the year ended 31 August 2022; and

-   a basic loss per share of discontinued operations for the year ended 31 August 2023 of between
    (41.72) and (31.98) cents per share, reflecting a decrease of between 14% and 34% compared to
    a basic loss per share of discontinued operations of (48.71) cents for the year ended 31 August
    2022. This is due to impairments and the loss arising from the unbundling of AYO.


AEEI also expects to report:

-   a headline earnings / loss per share of continuing operations for the year ended 31 August 2023
    of between 0.50 and (0.08) cents per share, reflecting a decrease of between 83% and 103%
    compared to the headline earnings per share of continuing operations of 2.93 cents per share for
    the year ended 31 August 2022; and

-   a headline loss per share for discontinued operations for the year ended 31 August 2023 of
    between (38.01) and (29.99) cents per share, reflecting a decrease of between 5% and 25%
    compared to the headline loss per share of continuing operations of (40.09) cents per share for
    the year ended 31 August 2022. This is due to impairments and the loss arising from the
    unbundling of AYO.



The Company’s financial results for the year ended 31 August 2023 are expected to be released on
SENS on or about 12 December 2023.
Cape Town
11 December 2023

Joint Sponsor
Vunani Sponsors

Joint Sponsor
Merchantec 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.