Computers that think

Wearable devices that learn about their users could be ready by 2014.
Cosying up to corruption?

New security bills raise grave concerns.

All data is delayed

Where am I? Home

Mvela sees 400% profit surge

Aug 19 2010 15:19 Reuters and I-Net Bridge

Pikoli to work for Mvelaphanda?

Mvelaphanda gets stake in Abvest

Mvelaphanda loss almost halved

Top Stories

Greek euro worries pressures rand

May 25 2012 19:13

Uncertainty over the future of the euro zone returned to push the rand down against the dollar.

Gauteng road project costs rocket

May 25 2012 13:58

The costs of the first phase of the Gauteng Freeway Improvement Project have increased significantly to almost R90bn, according to a report.

JSE halts 'incorrect' trade

May 25 2012 11:36

The JSE has identified and stopped "incorrect" trades from one of its members, and will reverse the trades and lower the session's total value after the close.

Johannesburg - Shares in Mvelaphanda Group [JSE:MCG] have jumped as the investment company predicted that full-year profit was likely to rise by as much as 401%.

The company did not give a reason for the expected rise in earnings.

Its headline earnings per share for the year ended June 2010 is expected to increase to between 230 and 250 cents, compared with 49.9 cents for the previous year.

In addition, earnings per share is expected to increase to between 200 and 220 cents, compared to 21.9 cents for the previous year, while intrinsic net asset value per share is expected to increase to be between 1 100 and 1 150 cents compared to 790 cents at 30 June 2009.

The company's results are expected to be released on or about Thursday 26 August, it said.

Share this page

Comment on this story

0 comments

Add your comment

Logout

Comment 0 characters remaining

Share on Facebook

Share on Twitter

Most Popular

Facebook's intrinsic value

May 23 2012 11:32

When it comes to judging a company’s worth, value investors like Warren Buffett look at intrinsic value. By that measure, Facebook’s shares are worth less than $10. A Reuters analyst breaks down the math. (Reuters)

Not working? Click here More videos

NicolaaSmith

CIPPA equals automatic zero erosion in the constant item economy We do not have stable – as in fixed real value – money. The real value of money is generally accepted by the public at large to be stable – as in fixed – in low inflation economies, but this is not true. The be... Read their blog...