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Automotive Holdings Group Ltd (AHG.AX)

AHG.AX on Australia Stock Exchange

3.69AUD
20 Sep 2019
Change (% chg)

$-0.05 (-1.34%)
Prev Close
$3.74
Open
$3.75
Day's High
$3.75
Day's Low
$3.62
Volume
4,168,053
Avg. Vol
691,193
52-wk High
$3.83
52-wk Low
$1.39

Latest Key Developments (Source: Significant Developments)

Automotive Holdings Group Says John Mcconnell To Resign As Managing Director
Tuesday, 17 Sep 2019 

Sept 17 (Reuters) - Automotive Holdings Group Ltd ::JOHN MCCONNELL RESIGNS AS MANAGING DIRECTOR.AP EAGERS MANAGING DIRECTOR MARTIN WARD ASSUMES EXECUTIVE RESPONSIBILITY FOR MERGED GROUP..  Full Article

AP Eagers Reaches Updates On Interest In Automotive Holdings Group
Monday, 16 Sep 2019 

Sept 16 (Reuters) - Ap Eagers Ltd ::REACHES 91.1137% INTEREST IN AHG; INTENDS TO COMPULSORILY ACQUIRE OUTSTANDING AHG SHARES.AP EAGERS REFERS TO ITS OFF-MARKET TAKEOVER OFFER FOR ALL SHARES IN AUTOMOTIVE HOLDINGS GROUP LIMITED (AHG) THAT IT DOES NOT ALREADY OWN.  Full Article

Automotive Holdings Says Accepted AP Eagers Offer For All The Shares They Own Or Control
Wednesday, 21 Aug 2019 

Aug 21 (Reuters) - Automotive Holdings Group Ltd ::CONFIRM THEY HAVE NOW ACCEPTED THE AP EAGERS OFFER FOR ALL THE SHARES THEY OWN OR CONTROL.AUTOMOTIVE HOLDINGS GROUP - AHG BOARD UNANIMOUSLY RECOMMENDS THAT ALL AHG SHAREHOLDERS NOW ACCEPT OFFER, IN ABSENCE OF A SUPERIOR PROPOSAL.  Full Article

Automotive Holdings Group Expects To FY2019 Operating NPAT Of About $50 Mln
Tuesday, 14 May 2019 

May 14 (Reuters) - Automotive Holdings Group Ltd ::EXPECTS TO DELIVER FY2019 OPERATING NPAT IN REGION OF ABOUT $50 MILLION..AUTOMOTIVE HOLDINGS SAYS REVIEW OF REFRIGERATED LOGISTICS' RECEIVABLES BALANCES MAY RESULT IN SOME WRITE DOWN OF RECEIVABLES OVER ONE OR MORE PERIODS.AUTOMOTIVE HOLDINGS SAYS EXPECTS ANY POTENTIAL IMPACT FROM REVIEW WOULD NOT BE MATERIAL TO AHG'S BALANCE SHEET OR FUTURE CASH FLOWS BEYOND FY2019.  Full Article

Automotive Holdings Group Appoints Richard England To Chair Co's Board
Friday, 26 Apr 2019 

April 26 (Reuters) - Automotive Holdings Group Ltd ::APPOINTED RICHARD ENGLAND TO CHAIR COMPANY'S BOARD.  Full Article

Automotive Holdings Reiterates Shareholders To Take No Action On Receipt Of AP Eagers' Bid
Tuesday, 23 Apr 2019 

April 23 (Reuters) - Automotive Holdings Group Ltd ::AHG REITERATES TO TAKE NO ACTION ON RECEIPT OF AP EAGERS' BIDDER'S STATEMENT.BOARD, MANAGEMENT REVIEWING TAKEOVER OFFER AND EXPECT TO DISPATCH TARGET'S STATEMENT TO AHG SHAREHOLDERS ON OR BEFORE MAY 8.  Full Article

Automotive Holdings Recommends Shareholders to Take No Action Regarding APE's Takeover Offer
Friday, 5 Apr 2019 

April 5 (Reuters) - Automotive Holdings Group Ltd ::RECOMMENDS SHAREHOLDERS TAKE NO ACTION IN RELATION TO APE TAKEOVER OFFER.HAS ENGAGED UBS AS ITS FINANCIAL ADVISER AND ASHURST AS ITS LEGAL ADVISER IN RELATION TO TAKEOVER OFFER.  Full Article

AP Eagers Announces Intention To Acquire Automotive Holdings Group
Friday, 5 Apr 2019 

April 5 (Reuters) - Ap Eagers Ltd ::ANNOUNCES ITS INTENTION TO MAKE A CONDITIONAL, ALL- SCRIP OFFER TO ACQUIRE ALL OF ORDINARY SHARES IN AUTOMOTIVE HOLDINGS GROUP LIMITED.ALL-SCRIP OFFER OF 1 APE SHARE FOR EVERY 3.8 AHG SHARES OWNED.ON BASIS THAT AP EAGERS ACQUIRES 100% OF AHG UNAUDITED PRO FORMA FY18 PROFIT BEFORE TAX OF $203.0 MILLION EXPECTED.EXPECTS PRE-TAX SYNERGIES TO BE $13.5 MILLION PER ANNUM FROM ACQUISITION.  Full Article

Automotive Holdings Group Expects To Recognise Non‐Cash Impairment Of About $226 M;n In HY
Friday, 15 Feb 2019 

Feb 15 (Reuters) - Automotive Holdings Group Ltd ::EXPECTS TO RECOGNISE A NON‐CASH IMPAIRMENT OF ABOUT $226‐MILLION IN ITS HALF‐YEAR RESULTS.AHG HAS MOVED TO RESTRUCTURE OR CLOSE SEVERAL SITES, ALONG WITH OTHER CORPORATE INITIATIVES.RESTRUCTURE/CLOSING SITES WILL LEAD TO UNUSUAL ITEMS OF $38 MILLION BEING RECORDED IN HALF‐YEAR RESULTS.DECIDED TO MAKE A NON‐CASH ADJUSTMENT TO CARRYING VALUE OF REFRIGERATED LOGISTICS DIVISION..UNAUDITED HY OPERATING NPAT IS IN LINE WITH AHG'S INTERNAL EXPECTATIONS FOR HALF‐YEAR.  Full Article

Automotive Holdings Notes Commentary Around Possible Impacts On Car Dealers From Royal Commission Recommendations
Thursday, 7 Feb 2019 

Feb 7 (Reuters) - Automotive Holdings Group Ltd ::NOTES COMMENTARY AROUND POSSIBLE IMPACTS ON CAR DEALERS FROM RECOMMENDATIONS OF FINANCIAL SERVICES ROYAL COMMISSION..BELIEVES THERE WILL BE NO IMPACT FROM RECOMMENDATIONS IN CURRENT FY AND MINIMAL, IF ANY, IMPACT IN FOLLOWING YEAR.IF POS EXEMPTION IS ABOLISHED, CO WELL PLACED TO MANAGE CHANGE.  Full Article

Australian regulator conditionally approves AP Eagers' takeover of Automotive Holdings

Australia's competition regulator said on Thursday it has approved AP Eagers' proposed acquisition of Automotive Holdings Group , on the condition it sells its car dealerships in certain regions.