Enhanced Investments - Financial Portal

Trading Statement

Published: 2022-05-26 12:54:00 ET

African Media Entertainment (JSE:AME) News - Trading Statement

AFRICAN MEDIA ENTERTAINMENT LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1926/008797/06)
Share code AME ISIN ZAE000055802

(“the company”)


TRADING STATEMENT


In terms of the Listings Requirements of the Johannesburg Stock Exchange,
companies are required to publish a trading statement as soon as there is a
reasonable degree of certainty that the financial results for the period to be
reported upon will differ by at least 20% from the financial results for the
previous corresponding period.

In the current year, the company has to a large extent recovered from the
decline in performance experienced in 2021 mainly due to the effect of the
COVID 19 pandemic. In the prior year, the company also processed
impairments in respect of the goodwill and trademark intangible assets due to
the downward revision of expected future profitability arising from uncertainty
surrounding the recovery of the economy. Based on the abovementioned
factors that impacted the earnings in 2021, shareholders are advised that it is
reasonably certain that, for the financial year ended 31 March 2022:

   -   the headline earnings per share will be between 350 cents and 390 cents
       per share as compared to the headline earnings of 112,7 cents per share
       reported for the financial year ended 31 March 2021, and

   -   the earnings per share will be between 350 cents and 390 cents per
       share as compared to the earnings of 3,6 cents per share reported for
       the financial year ended 31 March 2021.

Shareholders are advised that the company is in the process of finalising its
results for the period concerned and it is expected that these results will be
released on SENS on or about 2 June 2022.

The financial information on which this trading statement is based has not been
reviewed nor reported on by the company’s auditors.

By order of the board.

Johannesburg
26 May 2022


Sponsor
AcaciaCap Advisors Proprietary Limited

Date: 26-05-2022 02:54:00
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.