Trencor

newsheader

Net asset value (“NAV”) of Trencor

 

TRENCOR LIMITED

(Incorporated in the Republic of South Africa)

(Registration No 1955/002869/06)

Share Code: TRE

ISIN: ZAE000007506

(“Trencor”)

NET ASSET VALUE (NAV”) OF TRENCOR

Following the release of Trencor’s Reviewed Provisional Results for the year ended 31 December 2016 on the Stock Exchange News Service on 28 April 2017, Trencor has received requests from investors for the provision of a breakdown of its NAV.

Based on the spot exchange rate of US$1 = R13,58 and the price of Textainer’s shares listed on the NYSE on 31 December 2016 (US$7,45), the NAV of Trencor at that date was as follows:                                                           

                                                                                                        R Million         R Per Share

Beneficiary interest in Textainer 2 759,8 15,58
Beneficiary interest in TAC (US GAAP NAV) 1 069,0   6,04
Cash 1 488,8   8,40
Net assets (includes TAC IFRS adjustments)    238,1   1,35
5 555,7 31,37

 These rand amounts have been prepared by management and are unaudited.

Trencor Services (Pty) Ltd
Secretaries
10 May 2017

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

 

Home News 2017 News Net asset value (“NAV”) of Trencor

About Trencor

TRENCOR LIMITED is an investment holding company listed on the JSE. Trencor benefits from operations that focus on owning, leasing, managing and trading marine cargo containers worldwide, and related finance activities. Trencor has a beneficiary interest in Textainer.

Legal Notice

The use of this site and all the information on it and on any links is subject to a full disclaimer and exclusion of liability for any negligence, misrepresentation, misstatement or otherwise of Trencor Limited in relation thereto. Copyright © , Trencor. All Rights Reserved.