Enhanced Investments - Financial Portal

Trading statement for the six-month period ended 30 September 2022

Published: 2022-11-07 09:00:34 ET

Invicta Holdings Limited
(Incorporated in the Republic of South Africa)
 (Registration number 1966/002182/06)
 Ordinary Share code: IVT Ordinary Share ISIN: ZAE000029773
 Preference Share code: IVTP Preference Share ISIN: ZAE000173399
(“Invicta” or the “Company”)

TRADING STATEMENT FOR THE SIX-MONTH PERIOD ENDED 30 SEPTEMBER 2022

In terms of the Listings Requirements of the JSE Limited, companies are required to publish a trading
statement as soon as they become reasonably certain that the financial results for the current
period to be reported on will differ by at least 20% from those reported in the previous
corresponding reporting period.

Shareholders are advised that during the six-month period ended 30 September 2021 (the “prior
comparative period”) the Company concluded certain material transactions. The earnings in the
prior comparative period included a profit on disposal of businesses/investments (51.19% of Kian
Ann and ESG branches) of R38 million (37 cents per share) and a fair value gain of R372 million (339
cents per share) on the remeasurement of the joint venture investments (KKB roller manufacture
operation and the MIH product distribution operations in both the USA and Canada) where holdings
were increased to 100%. The above transactions were excluded from headline earnings in the prior
comparative period.

Shareholders are therefore advised that for the six-month period ended 30 September 2022 (the
“current period”):

•     earnings per share (“EPS”) is expected to decrease by between 47% to 57% (decrease
      approximating 262 cents to 318 cents) to between 300 cents and 244 cents, off a base of 562
      cents reported for the prior comparative period due to the inclusion of the transactions
      detailed above in the prior comparative period; and

•     headline earnings per share (“HEPS”) is expected to increase by between 38% to 48%
      (increase approximating 70 cents to 89 cents) to between 258 cents and 277 cents, off a base
      of 188 cents reported for the prior comparative period.

The financial results on which this trading statement is based have not been reviewed or reported
on by the Company’s external auditors. It is anticipated that the financial results for the six months
ended 30 September 2022 will be published on or about 28 November 2022.



Johannesburg

7 November 2022

Sponsor Nedbank Corporate and Investment Banking, a division of Nedbank 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.