Zeder Investments: Value a share climbs at least 22%

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Zeder Investments expected its sum-of-the-parts value a share as of the end of February to be between R4.90 and R5.05, or 22.8 percent to 26.6 percent higher than a year earlier. The investment company said recurring headline earnings a share for the year to February would be between 29c and 30c, or between 12.8 percent and 16.7 percent higher than the previous year. Headline earnings a share would be between 25c and 26c, a growth of 24.4 percent to 29.4 percent. The increase in recurring headlines earnings a share was mainly due to improved contributions from Agri Voedsel, Capespan, Zaad, Kaap Agri and Chayton. Zeder shares closed 3.61 percent higher at R4.30 yesterday. – Nompumelelo Magwaza


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