{"id":5120,"date":"2012-02-03T05:02:33","date_gmt":"2012-02-03T05:02:33","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=5120"},"modified":"2012-02-03T05:05:50","modified_gmt":"2012-02-03T05:05:50","slug":"preview-jasco-h1-heps-seen-80-100-higher","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/telecommunications\/5120\/preview-jasco-h1-heps-seen-80-100-higher\/","title":{"rendered":"Preview: Jasco H1 HEPS seen 80% – 100% higher"},"content":{"rendered":"

Shares in listed technology group Jasco Electronics<\/a> (JSC) have gained momentum following a recent contract award and acquisition activity ahead of its H1 earnings report, due Monday, February 6.<\/p>\n

Jasco shares surged as much as 12% on the JSE after it advised in January that it expects headline earnings per share (HEPS) for the six months ended December 2011, to be between 80% and 100% higher than previously.<\/p>\n

The group expects HEPS of between 6.3 cents and 7.0 cents per share.<\/p>\n

The company reported revenue of R317.9 million for the six months ended December 2010, and a pre-tax profit of R15.9 million.<\/p>\n

On Monday last week, the firm said it has entered into an agreement to acquire 100% of the ordinary shares in Ferro<\/a> Resistant Technologies from the founding shareholders and senior management for R13 million.<\/p>\n

FerroTech manufactures, supplies, designs, installs and maintains power and energy solutions. Its offering includes voltage stabilisers; uninterrupted power supplies (UPS); automatic voltage regulators; inverters; surge and lightning protection; and transformers.<\/p>\n

Jasco said that the acquisition is in line with its stated strategy of expanding the group through acquisitions of companies that deliver specific solutions, skill-sets and expertise that complement its existing portfolio.<\/p>\n

The group also recently announced that its subsidiary, NewTelco SA, signed a contract with Alink Telecom for the use of its carrier neutral co-location hub.<\/p>\n

Alink is \u00ada large ISP based in Ivory Coast with operations spanning West Africa across countries including Cameroon, Ghana, Tanzania, Burkina Faso, Liberia, Togo and Niger.<\/p>\n

“Alink is a significant entity in the West African market, one of the areas we have targeted for growth, and as such is a highly strategic customer for Jasco.<\/p>\n

“The co-location centre itself is a fairly new offering, having been established in 2010, and this agreement with Alink will help us to grow traffic into South Africa from a variety of territories,” said Eckart Zollner, business development manager at Jasco ICT Solutions.<\/p>\n

By close on Thursday, Jasco shares stood at R1.11 on the local exchange.<\/p>\n","protected":false},"excerpt":{"rendered":"

Shares in listed technology group Jasco Electronics (JSC) have gained momentum following a recent contract award and acquisition activity ahead of its H1 earnings report, due Monday, February 6.<\/p>\n","protected":false},"author":9,"featured_media":5121,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[21],"tags":[1221,963,26,893,1222],"class_list":["post-5120","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-telecommunications","tag-alink-telecom","tag-ferro-resistant-technologies","tag-headline","tag-jasco","tag-newtelco-sa"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/5120","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=5120"}],"version-history":[{"count":9,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/5120\/revisions"}],"predecessor-version":[{"id":5267,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/5120\/revisions\/5267"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/5121"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=5120"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=5120"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=5120"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}