Enhanced Investments - Financial Portal

Trading Statement for the Six Months Ended 31 December 2023

Published: 2024-03-18 17:30:26 ET

Sasfin Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1987/002097/06)
Share code: SFN         ISIN: ZAE000006565
(“Sasfin” or “the Group”)



TRADING STATEMENT FOR THE SIX MONTHS ENDED 31 DECEMBER 2023

In accordance with section 3.4(b) of the JSE Listings Requirements, shareholders are advised of the
following expectations regarding Sasfin’s financial results for the six months ended 31 December 2023:

-   headline earnings per share of between 75.58 cents and 83.54 cents, i.e., a decrease of between
    60.51% and 64.27% in comparison to 211.56 cents reported for the six months ended 31 December
    2022 (“Previous Corresponding Period”)1; and

-   earnings per share of between 75.86 cents and 83.84 cents, i.e., a decrease of between 60.47%
    and 64.24% in comparison to 212.111 cents reported for the Previous Corresponding Period1.

1
 In line with restatements processed at 30 June 2023 (as disclosed in the Group’s 2023 Annual Financial Statements) the headline
earnings and earnings for the Previous Corresponding Period have been restated.


The primary drivers of the decrease in earnings include increased credit impairments and fair value
write downs of certain private equity exposures. Notwithstanding this, the core businesses performed
well, and the Group has seen a strengthened balance sheet, including an improved cash position and
stable funding base as well as an increase in net asset value.

The financial information in this trading statement has not been reviewed or reported on by the Group’s
external auditor.

The financial results for the six months ended 31 December 2023 will be published on 27 March 2024.

Johannesburg
18 March 2024



Sponsor
Questco Corporate Advisory 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.