Massmart released another trading update, this time not a sales update, but a numbers update. And there is quite a solid impact with "...the costs associated with the Walmart transaction are primarily those disclosed in the Massmart circular to shareholders of 9 December 2010 and the creation of the R100 million Supplier Development Fund." It is going to impact both basic and headline earnings (by more than just a bit) and basic EPS is expected to be between 377 to 422 cents per share, down 25 to 33 percent from the previous period. Without the cost of the WalMart deal, HEPS would have been 5 to 13 percent higher, 595 to 641 cents per share. Somewhere around those levels. Results are expected in exactly one month from today, 25th of August. The stock is up a fraction which tells you that even at face value whilst this might look bad, it was expected.