1 / 27

PSG SHOWCASE JSE 7 TH SEPTEMBER 2010

PSG SHOWCASE JSE 7 TH SEPTEMBER 2010. 2011FY to date and the immediate future. Economic outlook. “The global economic crisis has distressed most fixed investment markets over the past six months and has challenged the Group’s performance in the year.”

ghita
Download Presentation

PSG SHOWCASE JSE 7 TH SEPTEMBER 2010

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript


  1. PSG SHOWCASE JSE 7TH SEPTEMBER 2010

  2. 2011FY to date and the immediate future

  3. Economic outlook • “The global economic crisis has distressed most fixed investment markets over the past six months and has challenged the Group’s performance in the year.” • “The year ahead will almost certainly present further challenges to the group and its operations” (M & R Prelim report year ended 30 June 2009) • “The debate regarding government’s well publicised infrastructure spend programme and the unanswered questions regarding timing, funding and procurement capacity continues.” (Sanyati Audited Results February 2010) • “Unusually high rains caused delays in the execution of some work particularly in the Gauteng region” • “The environment is expected to remain very competitive in the short term resulting in slightly lower margins.” • “In the short term trading conditions in the industry will continue to be challenging with the impact of pressures on margins likely to become more evident in the 2011FY.” (Raubex Audited Annual Results February 2010) • “Margins are likely to remain under pressure in the short to medium term due to delays and postponements of infrastructure projects in both the public and private sectors.” (Stefanutti Stocks Audited Results February 2010)

  4. H1 and H2 2010

  5. Conclusion • The Esorfranki Group is aware that trading conditions will continue to be tight going into the next financial year (especially H1) • We will continue to experience margin squeeze this year • We are aware that Government’s planned spending is under pressure through decreased revenue streams and funding constraints • Africa remains a difficult but opportunistic market for the group • Not withstanding these conditions and restraints our management team believe we have the acumen and the wherewithal to steer the group successfully through these troubled times, to continue to grow and create wealth for our stakeholders in the future.

More Related