1834 Investments Limited Records Huge Losses

• For the year ended December 31, 2018, 1834 Investments Limited reported an unaudited net loss of $56.96Mn (EPS: -0.049), representing a 166.8% decline over the prior year.
• This loss was partly attributable to a 46.0% decrease in revenues and a 66.9% increase in costs.
• The stock price has fallen 5.17% since the start of the calendar year, closing yesterday’s trading session at $1.10. At this price, the stock is currently trading at a P/B of 0.87x earnings which is below the Main Market Communications sector average of 0.94x.

(Source: JSE)