Enhanced Investments - Financial Portal

Trading statement for the year ended 31 December 2023

Published: 2024-03-06 13:08:22 ET

ADvTECH Limited
(Incorporated in the Republic of South Africa)
(Registration number 1990/001119/06)
JSE code: ADH ISIN: ZAE000031035
(“ADvTECH” or “the group”)


TRADING STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2023
In terms of paragraph 3.4(b) of the Listings Requirements of the JSE Limited, an issuer is required to
publish a trading statement as soon as it becomes reasonably certain that the financial results for the next
reporting period will show a 20% or more difference from that of the previous corresponding period.

The group reports normalised earnings per share ("NEPS") as a way of excluding the effect of one-off
transactions and corporate action costs from its results.

Basic NEPS for the year ended 31 December 2023 is expected to be between 17% and 22% higher than
the comparative reporting period for the year ended 31 December 2022 ("the comparative period") or
between 170.5 and 177.8 cents per share as compared to 145.7 cents per share in the comparative period.

Basic headline earnings per share (“HEPS”) for the year ended 31 December 2023 is expected to be
between 16% and 21% higher than the comparative period or between 169.9 and 177.3 cents per share
as compared to 146.5 cents per share in the comparative period.

Basic earnings per share ("EPS") for the year ended 31 December 2023 is expected to be between 14%
and 19% higher than the comparative period or between 169.4 and 176.8 cents per share as compared to
148.6 cents per share for the comparative period.

All divisions contributed to this strong performance by the group.

We are pleased with enrolments for 2024 for both the schools and tertiary divisions that are tracking in
line with targets and continuing their trend of good growth.

The financial information on which this trading update is based has not been reviewed or audited by the
group’s external auditors.

ADvTECH expects to release results for the year ended 31 December 2023 on the JSE’s Stock Exchange
News Service on or about Monday, 25 March 2024.

6 March 2024
Johannesburg
Sponsor: Bridge Capital Advisors Proprietary 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.