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Peregrine’s earnings fall as JSE activity declines

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The group, which includes Citadel, Peregrine Capital and Stenham, says its outlook remains constrained by US-China uncertainty

Wealth and asset manager Peregrine Holdings said on Wednesday a decline in activity on the JSE weighed on its interim results to end-September, when headline earnings per share fell 40% to 77.8c.

ssets under management rise 7% to R133bn, but weak activity on the JSE hit its advisory division, Java Capital. “In addition, as transactional activity by JSE-listed companies has declined, so has the volume of required circulars, announcements and other corporate advisory services, which has translated into weaker financial performance,” the company said.

 

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