Enhanced Investments - Financial Portal

Condensed unaudited consolidated interim financial results for the six months ended 31 December 2021

Published: 2022-03-22 05:15:00 ET

Attacq Limited (JSE:ATT) News - Condensed unaudited consolidated interim financial results for the six months ended 31 December 2021

ATTACQ LIMITED
Incorporated in the Republic of South Africa
Registration number 1997/000543/06
JSE share code: ATT ISIN: ZAE000177218
(Approved as a REIT by the JSE)
(Attacq or Company or Group)


SHORT-FORM ANNOUNCEMENT:
CONDENSED UNAUDITED CONSOLIDATED INTERIM FINANCIAL RESULTS FOR THE SIX MONTHS ENDED 31 DECEMBER 2021



    1.   Distributable income per share increased by 33.6% (31 December 2020: declined by 57.5%)
    2.   Net asset value per share increased by 7.1% (31 December 2020: declined by 26.6%)
    3.   Group gearing improved to 38.0% (31 December 2020: 46.3%)
    4.   COVID-19 rental discounts provided reduced by 84.3% to R8.5 million
    5.   Growth in weighted average trading density over 12 months of 8.7% (31 December 2020: declined by 6.5%)
    6.   Developments under construction in Waterfall City of 59 395m2 (31 December 2020: 17 283m2)


FINANCIAL PERFORMANCE
                                                      31 December 2021        31 December 2020            % change
 Distributable income per share          cents                    28.2                    21.1                33.6
 Total assets                            R'000              21 577 860              24 104 944               (10.5)
 Net asset value per share               cents                   1 683                   1 571                 7.1
 Gross revenue                           R'000               1 392 384               1 207 593                15.3
 Profit (loss) per share                 cents                    99.8                   (56.4)              277.0
 Headline earnings per share             cents                    70.5                    29.3               140.6

This short-form announcement is the responsibility of the directors and is a summary of the full announcement released on
SENS on 22 March 2022 and does not include full or complete details. The short-form announcement has not been audited
or reviewed by the Company's external auditors. The full announcement is available on the Company's website at
www.attacq.co.za/investor-hub and can be accessed using the following JSE link:


https://senspdf.jse.co.za/documents/2022/jse/isse/ATT/2022HYRES.pdf


The Group has restated its prior period financial statements. For more information, refer to the full announcement.

The full announcement is available for inspection at the registered offices of the Company or its sponsor, at no charge,
during office hours from Tuesday, 22 March 2022 to Tuesday, 29 March 2022. Copies of the full announcement may be
requested via email from brenda@attacq.co.za or sponsor@javacapital.co.za. Any investment decision should be based
on the full announcement available on the Company’s website.

DIVIDEND
The board of directors has elected to take a conservative approach to capital management and has therefore resolved
not to declare an interim dividend for the six months ended 31 December 2021.

By order of the board

Attacq Limited

22 March 2022

Independent non-executive directors
P Tredoux (chairperson)
HR El Haimer (lead independent)
TP Leeuw
IN Mkhari
S Shaw-Taylor
AE Swiegers
JHP van der Merwe

Executive directors
JR van Niekerk (CEO)
R Nana (CFO)

Interim company secretary
B Baker

Registered office
ATT House, 2nd Floor, Maxwell Office Park, 37 Magwa Crescent, Waterfall City, 2090

Postal address
PostNet suite 016, Private Bag X81, Halfway House, 1685

Transfer secretaries
Computershare Investor Services Proprietary Limited

Sponsor
Java Capital

Independent auditors
Ernst & Young Inc.

Date: 22-03-2022 07:15:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.

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.