Trematon Capital’s share price jumped 7% to R3 on Friday morning, after the owner of Club Mykonos Langebaan said it expected to report a 12-fold increase in headline earnings per share (HEPS).The investment holding company said it expected to report on November 20 that its HEPS for the year to end-August would grow to between 20.2c and 20.4c, from the matching period’s 1.7c.Basic earnings per share would be nearly six times the prior year’s 22.8c, and its net asset value per share would be more than 50% higher than the R2.55 at August 31 2016.In July, Trematon announced a R72m deal to expand into the UK via a company called ASK Partners which would offer syndicated loans to property developers.
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.