10 February, 2012 16:03

BusinessLIVE

OneLogix HI HEPS seen 15%-20% higher

Logistics group OneLogix has said on Friday it expected headline earnings per share in the six months to November 2011 to increase between 15% and 20% compared with the previous corresponding period.

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Earnings per share are anticipated to be between 40% and 45% higher, from the prior comparable period.

The interim results are scheduled for release on February 20.

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Let us hope - no pray - that the regime get it right this time. No tenderpreneurs, no corruption, no fraud and no major over run on the budget. If we can get this one right it will build confidence and trust.'

16 May, 6:46PM

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The problem with SSA data is that it relies on questionnaire sheets that has to be sent in by businesses. Usually these needs to be completed while you are under pressure for month-end reporting and you just put any fictitious number on there. Also a problem is that SSA queries any variances from previous months so you keep the numbers in line with previous months to avoid having to answer queries. I have worked for a number of companies where it was done the same way. Reminds me of this quote: “Lies, damn lies and statistics.”'

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One wonders whether Mr Harris has read the scathing criticisms of ADCORP's methods written by two UCT economists Martin Wittenberg and Andrew Kerr? Both articles are well worth a read before taking ADCORP 'statistics' seriously. (1) http://www.datafirst.uct.ac.za/home/index.php?/Download-document/16-Criticisms-of-the-Adcorp-Employment-Index and (2) http://www.datafirst.uct.ac.za/home/index.php?/Download-document/17-Science-and-Nonsense-Further-Criticisms-of-Adcorp - Is the Statistician General really so far off the mark when the entire academic community disbelieves ADCORP's figures which are based on private models no one has seen, let alone verify?'

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Manuel should render assistance to Collins Chabane to thrash out this Review and get it DONE.
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BusinessLIVE

OneLogix HI HEPS seen 15%-20% higher

Logistics group OneLogix has said on Friday it expected headline earnings per share in the six months to November 2011 to increase between 15% and 20% compared with the previous corresponding period.

Articles

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