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Alviva set to report huge spike in earnings

Published: 2022-02-23 10:11 +02:00 by Duncan McLeod tag: investment

Alviva Holdings’ headline earnings per share will more than double in the six-month period ended 31 December 2021, with all division delivering.




Alviva Holdings’ headline earnings per share (Heps) will more than double in the six-month period ended 31 December 2021, it said on Wednesday, sending its share price sharply higher.
The technology holding company, which owns IT distributors Pinnacle, Axiz and Tarsus, said in a trading update on Wednesday that Heps will rise by between 125% and 145% to between R2.47 and R2.69/share.
“The group has delivered an excellent set of results, with all operating entities performing either to or in excess of our expectations,” the company said.
Headline earnings will be as high as R305-million, Alviva said, from R139-million a year ago.
Core earnings per share will raise by between 77% and 91%, a reporting measure which the company said better allows shareholders to evaluate its underlying operational performance.
The share price leapt higher on the news, trading as much as 16.2% up in intraday trading on Wednesday at R19.75/share.
Alviva said it expects to publish its interim financial results on 1 March.  – © 2022 NewsCentral Media
 





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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.

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