Brait sees strong results on Pepkor, UK buys

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(iStock)
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Cape Town - Investment holding company Brait [JSE:BAT] said in a trading statement issued on Monday that its reported net asset value (NAV) per share as at September 30 2015 is anticipated to be in the range of €7.81 (R120.90) and €8.05 (R124.68).

In percentage terms, this increase in reported NAV per share represents an increase in the range in rand terms by 248% to 259% for the 12 months ended September 30 2015. In euro terms the increase in range is 220% to 230% for the period. For the six months ended September 30 2015, it represents an increase in the range of 32% to 36% in euro terms and in rand by 57% to 62%.

It is primarily due to the disposal of Brait’s investment in Pepkor during March 2015 and the strong operational performance from both Premier as well as Brait’s recently acquired investments in New Look and Virgin Active.

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