Company Data
| Last traded |
R0.65 |
| Change |
R0.00 |
| % Change |
0.00% |
| Cumulative volume |
15,000 |
| Market cap |
R70.05m |
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Johannesburg - AltX-listed media company Moneyweb Holdings [JSE:MNY], announced
on Monday it expected its earnings to be lower than originally
anticipated after reviewing the carrying value of its assets two days before it
releases in full year result to March 2010.
The revised earnings estimates are steeply lower that the figures Moneyweb forecast
when it issued a trading update almost a month ago.
On
May 25, the company said it anticipated basic and headline earnings per share to be
between 3.29 cents per share and 4.03 cents per share.
On
Monday, it said in another trading update the board had decided to impair the carrying
value of its mini-sites, reducing the basic and headline earnings per share to
between 2.05 cents per share and 2.25 cents per share.
"Following the finalisation of the financial results for the 2010 year end, the board has
decided to review the carrying value of assets relating to certain of the
group's mini-sites," Moneyweb said on Monday.
Moneyweb is expected to release financial results on Wednesday.
Moneyweb operates Moneyweb.co.za, its flagship website. It has other sites such as
Mineweb.com, and Moneywebmarket.co.za.
- I-Net Bridge