BDM
BDM - Buildmax Limited - Trading Statement
Buildmax Limited
(Registration No. 1995/012209/06)
Share Code: BDM & ISIN Code: ZAE000011250
("Buildmax" or the "group")
TRADING STATEMENT
Shareholders are advised that Buildmax's basic earnings per share and headline
earnings per share for the 11 months ended 29 February 2008 (the "review
period"), prior to conclusion of the acquisition of Diesel Power Open Cast
Mining (Pty) Limited and the Buildco group of companies ("the acquisitions"),
are expected to be approximately 16.34 cents per share and 16.19 cents per
share, respectively.
As per the revised listing particulars dated 5 March 2008 ("the RLPs") earnings
per share and headline earnings per share for the review period were expected to
be 10.8 cents. The difference between the expected basic earnings per share and
headline earnings per share and those set out in the RLPs arises from Buildmax
raising a deferred tax asset that had not previously been recognised, and is not
related to Buildmax's operating results for the period.
In light of the complete repositioning of Buildmax following the acquisitions,
the results for the review period do not reflect the current activities of the
group or expected performance levels and prospects. The results for the review
period therefore do not provide a meaningful basis for assessment of Buildmax
and will be presented in compliance with the requirements of the JSE Limited.
Forecast earnings per share and headline earnings per share for the 12 months to
28 February 2009 of 22.5 cents per share (which includes the impact of the
acquisitions), as set out in the RLPs, is unaffected by these changes.
The information on which this trading statement has been based has not yet been
reviewed or reported on by the company's auditors.
Rosebank
27 May 2008
Sponsor
Java Capital (Proprietary) Limited
Date: 27/05/2008 17:28:03 Produced by the JSE SENS Department.
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