Edition:
India

AECI Ltd (AFEJ.J)

AFEJ.J on Johannesburg Stock Exchange

9,250.00ZAc
23 May 2019
Change (% chg)

-54.00 (-0.58%)
Prev Close
9,304.00
Open
9,300.00
Day's High
9,367.00
Day's Low
9,215.00
Volume
221,114
Avg. Vol
185,541
52-wk High
11,695.00
52-wk Low
7,701.00

Latest Key Developments (Source: Significant Developments)

AECI Announces Refinancing Of Short-Term Bridge Facilities
Monday, 3 Dec 2018 

Dec 3 (Reuters) - AECI Ltd ::JSE: AFE - AFEP - REFINANCING OF SHORT-TERM BRIDGE FACILITIES.AECI - BRIDGE FACILITIES WERE TERMED OUT INTO ZAR700 MILLION, US$61 MILLION AND EUR68 MILLION FACILITIES ACROSS THREE-, FOUR- AND FIVE-YEAR TERM BULLET FACILITIES.AECI LTD - AS PART OF SYNDICATION PROCESS, AECI ALSO RAISED ZAR800 MILLION IN FOUR- AND FIVE-YEAR LISTED BONDS.AECI LTD - SYNDICATION WAS WELL SUPPORTED BY BOTH LOCAL AND INTERNATIONAL FINANCIAL INSTITUTIONS AND WAS FOUR TIMES OVERSUBSCRIBED.AECI LTD - FIVE-YEAR BOND PRICED TIGHTER THAN SIMILAR INAUGURAL FIVE-YEAR BOND ISSUED IN SEPTEMBER.AECI LTD - FACILITIES WERE PRICED COMPETITIVELY, WHICH WILL RESULT IN A REDUCED COST OF FUNDING FOR COMPANY AND AN IMPROVED DEBT MATURITY PROFILE.  Full Article

AECI Says FY ‍HEPS Up 17.2 Pct
Tuesday, 27 Feb 2018 

Feb 27 (Reuters) - AECI Ltd ::‍FY PROFIT FROM OPERATIONS +18% TO R1 579M​.‍FINAL ORDINARY CASH DIVIDEND +13% TO 340CPS​.FY ‍HEADLINE EARNINGS 959 MILLION RAND VERSUS 818 MILLION RAND YEAR AGO​.FY ‍HEPS UP 17.2 Pct TO 959C​.FY ‍TRADING MARGIN UP 8.5%​.  Full Article

AECI Says KPMG Will Not Be Considered For External Auditor Reappointment In FY 2018
Monday, 4 Dec 2017 

Dec 4 (Reuters) - AECI Ltd ::AECI LTD - CURRENT EXTERNAL AUDITOR, KPMG, WILL NOT BE CONSIDERED FOR REAPPOINTMENT FOR 2018 FINANCIAL YEAR.AECI LTD - A NEW EXTERNAL AUDITOR WILL BE APPOINTED AND ANNOUNCED BY NO LATER THAN 31 MARCH 2018.AECI LTD - SHAREHOLDERS WILL BE GIVEN AN OPPORTUNITY TO CONSIDER AND APPROVE APPOINTMENT OF THIS AUDITOR AT ANNUAL GENERAL MEETING.  Full Article

AECI to buy Schirm Gmbh
Wednesday, 8 Nov 2017 

Nov 8 (Reuters) - Aeci Ltd :AECI LTD - ‍AECI MAURITIUS WILL ACQUIRE 100% OF SHARE CAPITAL IN SCHIRM GMBH AND SHAREHOLDER LOAN CLAIMS​.AECI LTD - ‍PURCHASE CONSIDERATION IS EUR 110,5 MILLION AND IS PAYABLE IN CASH​.AECI LTD - ‍SCHIRM GMBH WILL ACQUIRE CONTRACT MANUFACTURING SERVICE BUSINESS OF AND A PROPERTY IN WOLFENBÜTTEL, GERMANY​.‍AECI WILL FUND TRANSACTION UTILISING A FINANCING FACILITY PROVIDED BY STANDARD BANK OF SOUTH AFRICA LIMITED​.AECI LTD - ‍ICL WILL RETAIN CUSTOMER WAREHOUSING, TRANSPORTATION AND DISTRIBUTION SERVICES ON SITES ON WHICH SCHIRM OPERATES​.  Full Article

AECI acquires Much Asphalt Pty Ltd ‍for 2.27 bln rand
Monday, 30 Oct 2017 

Oct 30 (Reuters) - AECI Ltd :ENTERED AGREEMENT WITH CAPITALWORKS PRIVATE EQUITY,MIC INVESTMENT HOLDINGS PROPRIETARY AND MUCH ASPHALT MANAGEMENT TEAM TO ACQUIRE MUCH ASPHALT​.DEAL ‍FOR A TOTAL CONSIDERATION OF R2,272 BILLION WHICH IS PAYABLE IN CASH​.ALSO ENTERED INTO DISCUSSIONS RELATING TO FURTHER ACQUISITION, UNRELATED TO THE DEAL, WHICH MAY HAVE EFFECT ON CO'S SHARE PRICE​.  Full Article

AECI ‍entered into discussions relating to two potential deals
Wednesday, 18 Oct 2017 

Oct 18 (Reuters) - AECI Ltd ::AECI LTD - ‍ENTERED INTO DISCUSSIONS RELATING TO TWO POTENTIAL ACQUISITIONS.  Full Article

Aeci says HY HEPS up 32 pct to 386 cents
Wednesday, 26 Jul 2017 

July 26 (Reuters) - Aeci Ltd ::HY HEPS up 32 pct to 386c.Interim ordinary cash dividend of 138cps declared.Improvement of 19 pct in HY profit from operations, which increased to 262 mln rand (2016: 220 million).  Full Article

AECI Ltd sees HY HEPS between 381 cents and 396 cents
Tuesday, 18 Jul 2017 

July 18 (Reuters) - Aeci Ltd ::‍HY headline earnings per share (heps) is expected to be between 381 cents and 396 cents, that is 30 pct and 35 pct higher than year ago​.  Full Article