Enhanced Investments - Financial Portal

Trading Statement

Published: 2022-02-17 11:25:00 ET

Bid Corporation Limited (JSE:BID) News - Trading Statement

Bid Corporation Limited
(Incorporated in the Republic of South Africa)
Registration number: 1995/008615/06
Share Code: BID
ISIN ZAE 000216537
(“Bidcorp” or “the group”)


TRADING STATEMENT

In terms of paragraph 3.4(b) of the Listings Requirements of the JSE Limited, Bidcorp is required to
publish a trading statement as soon as it is satisfied that a reasonable degree of certainty exists that
the financial results for the half year ended December 31 2021, will differ by at least 20% from those
of the previous corresponding half year ended December 31 2020.

Shareholders are referred to the Q1 trading update provided to the market on December 1st 2021 for
the 4 months to October 2021 and are further advised that overall trading remained positive through
November and December. The strong momentum was partially impacted by the short-term
consequences arising from the rapid spread of the COVID omicron variant through many of its
operating jurisdictions, which are now easing. A full update on trading performance will be presented
with the release of Bidcorp’s interim results on February 23rd 2022.

Accordingly, management is pleased to advise that headline earnings per share (HEPS) is expected to
increase by between 68% (657,9 cents per share) and 73% (677,5 cents per share) compared to the
comparative half-year period ended December 31 2020 (391,6 cents per share), with basic earnings
per share (EPS) expected to increase by between 43% (642,4 cents per share) and 48% (664,8 cents
per share) compared to the comparative period ended December 31 2020 (449,2 cents per share).

The information above has not been reviewed and reported on by the group’s auditors.


February 17th 2022
Johannesburg

Sponsor:        The Standard Bank of South Africa Limited

Date: 17-02-2022 01:25:00
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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.