Edition:
India

Barloworld Ltd (BAWJ.J)

BAWJ.J on Johannesburg Stock Exchange

11,650.00ZAc
15 Oct 2019
Change (% chg)

-36.00 (-0.31%)
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Latest Key Developments (Source: Significant Developments)

Barloworld Says Silchester International Now Holds 10.09% Of Shares In Co
Tuesday, 27 Aug 2019 

Aug 27 (Reuters) - Barloworld Ltd ::JSE: BAW - BAWP - ACQUISITION OF SECURITIES BY SILCHESTER INTERNATIONAL INVESTORS LLP.BARLOWORLD - SHARES OF CO HELD BY SILCHESTER INTERNATIONAL INVESTORS LLP NOW AMOUNTS TO 10.09% OF TOTAL ISSUED ORDINARY SHARES OF COMPANY.  Full Article

Barloworld Says HY Normalised Headline Earnings Per Share Up 14.1%
Monday, 20 May 2019 

May 20 (Reuters) - Barloworld Ltd ::INTERIM RESULTS FOR THE SIX MONTHS ENDED 31 MARCH 2019.HY NORMALISED HEADLINE EARNINGS PER SHARE AT 521.4 CENTS UP 14.1%.STRATEGY IMPLEMENTATION WELL ON TRACK.INTERIM DIVIDEND PER SHARE OF 165 CENTS UP 13.8% (1H'18: 145 CENTS).REVENUE FOR FIRST SIX MONTHS WAS DOWN BY 1.6% TO R30.4 BILLION (1H'18: R30.9 BILLION).ORDER BOOK AT MARCH 2019 OF US$83.4 MILLION IMPROVED ON SEPTEMBER 2018 BOOK OF US$44 MILLION.SOUTH AFRICAN CONSUMER REMAINS UNDER PRESSURE WITH INDUSTRY OUTLOOK NEGATIVELY IMPACTED BY DECLINING PROSPECTS.ANTICIPATED THAT NEW VEHICLE SALES WILL REMAIN CHALLENGING IN SECOND HALF.LOGISTICS IS EXPECTING A STRONGER SECOND HALF PERFORMANCE FOLLOWING CLOSURE OF LOSS MAKING KLL BUSINESS.INDUSTRY RENTAL DAYS ARE EXPECTED TO REMAIN SUBDUED IN CAR RENTAL.AVIS FLEET BUSINESS IS FORECAST TO SHOW SOME FINANCE FLEET GROWTH IN CORPORATE SEGMENT IN COMING MONTHS.DIVISIONAL TURNAROUND PROJECT, REGARDING LOGISTICS, CONTINUES TO BE A PRIORITY FOR MANAGEMENT.TIMING OF DE-FLEETING OF CITY OF JOHANNESBURG CONTRACT VEHICLES REMAINS UNCERTAIN WHICH COULD IMPACT PROFITABILITY IN H2 IN AVIS FLEET.DESPITE CHALLENGING TRADING CONDITIONS WE EXPECT TO IMPROVE ROIC CLOSER TO 13% HURDLE RATE BY YEAR END.IN LINE WITH CYCLICAL & HISTORICAL TRENDS, EXPECT A HIGHER LEVEL OF WORKING CAPITAL TO BE RELEASED INTO CASH IN SECOND HALF OF YEAR.HEPS FROM CONTINUING OPERATIONS FOR SIX MONTHS ENDED 31 MARCH 2019 OF 476.0 CENTS, WAS UP 4.1% OVER 457.1 CENTS.  Full Article

Barloworld's Keith Rankin, CEO Of Automotive, To Resign
Wednesday, 27 Feb 2019 

Feb 27 (Reuters) - Barloworld Ltd ::(OFFICIAL)-BARLOWORLD-CHARL GROENEWALD CURRENT EXECUTIVE HEAD FOR CUSTOMER FULFILMENT SERVICES (NOT 'CFO FOR EQUIPMENT') WILL JOIN AS DIVISIONAL CEO FOR BARLOWORLD LOGISTIC AFRICA.KEITH IS LEAVING TO JOIN ONE OF COMPANY'S KEY PRINCIPALS OFFSHORE.KEITH RANKIN, CHIEF EXECUTIVE OFFICER OF AUTOMOTIVE, HAS RESIGNED WITH EFFECT FROM 31 MAY 2019.  Full Article

Barloworld Says Had Positive Start In Q1 2019 Financial Year
Thursday, 14 Feb 2019 

Feb 14 (Reuters) - Barloworld Ltd ::OPERATIONAL TRADING UPDATE.GROUP HAD A POSITIVE START IN Q1 2019 FINANCIAL YEAR DESPITE CHALLENGING TRADING CONDITIONS IN SOUTHERN AFRICAN OPERATIONS.GROUP WORKING CAPITAL AND RELATED NET DEBT LEVELS INCREASED IN Q1 BUT EXPECTING TO REDUCE THESE LEVELS OVER BALANCE OF 2019 FINANCIAL YEAR.Q1 ACTIVITY LEVELS IN EQUIPMENT SOUTHERN AFRICA WELL UP ON LAST YEAR DUE TO DELIVERY OF BALANCE OF MACHINE PACKAGE DEAL INTO MOZAMBIQUE.EQUIPMENT RUSSIA'S Q1 OPERATING PERFORMANCE EXCEEDED CO'S EXPECTATIONS AND IS ONLY MARGINALLY DOWN ON PRIOR YEAR.  Full Article

Barloworld Says Funke Ighodaro Resigned As CFO Designate, Executive Director
Wednesday, 6 Feb 2019 

Feb 6 (Reuters) - Barloworld Ltd ::JSE: BAW - BAWP - CHANGE TO THE BOARD OF DIRECTORS.BARLOWORLD LTD - FUNKE IGHODARO HAS TENDERED HER RESIGNATION AS CFO DESIGNATE AND EXECUTIVE DIRECTOR.BARLOWORLD LTD - DON WILSON WILL CONTINUE IN HIS CURRENT ROLE UNTIL FURTHER NOTICE.  Full Article

Barloworld To Issue 6.6 Mln Shares To Barloworld Empowerment Foundation
Monday, 19 Nov 2018 

Nov 19 (Reuters) - Barloworld Ltd ::PROPOSED BROAD-BASED BLACK ECONOMIC EMPOWERMENT.PROPOSED B-BBEE TRANSACTION INCLUDES B-BBEE OWNERSHIP OF 14 PCT, WHILE LIMITING DILUTION TO SHAREHOLDERS.DEAL INCLUDES SPECIFIC ISSUE OF 6.6 MILLION SHARES OF R0.05 EACH TO BARLOWORLD EMPOWERMENT FOUNDATION.DEAL ALSO INCLUDES SALE OF SOME IMMOVABLE PROPERTIES TO PROPCO FOR A CONSIDERATION OF R2.722 BILLION.  Full Article

Barloworld FY HEPS From Cont Ops Of 1151 Cents
Monday, 19 Nov 2018 

Nov 19 (Reuters) - Barloworld Ltd ::FY HEADLINE EARNINGS PER SHARE FROM CONTINUING OPERATIONS UP BY 18% TO 1 151 CENTS.FY TOTAL DIVIDEND PER SHARE OF 462 CENTS UP 18%.FY RETURN ON EQUITY AT 11.4% (2017: 10.5%; 2016: 9.3%).REVENUE FROM CONTINUING OPERATIONS FOR YEAR INCREASED BY 2.4% TO R63.4 BILLION (2017: R62.0 BILLION).  Full Article

Barloworld Revises FY EPS Forecast To 1,793.1 Cents - 1,871 Cents
Thursday, 8 Nov 2018 

Nov 8 (Reuters) - Barloworld Ltd ::FORECAST FOR FY EPS, INCLUDING CONTINUING. & DISCONTINUED OPERATIONS, ISSUED TODAY EXCLUDED PROFIT ON EQUIPMENT IBERIA SALE, RELATED FX GAINS.IS ISSUING REVISED FY EPS GUIDANCE.EXPECTS FY EPS, INCLUDING BOTH CONTINUING AND DISCONTINUED OPERATIONS, TO BE 1,793.1 CENTS - 1,871.0 CENTS.  Full Article

Barloworld Sees FY EPS Between 1,793.1 Cents And 1,871.0 Cents
Wednesday, 7 Nov 2018 

Nov 7 (Reuters) - Barloworld Ltd ::JSE: BAW - BAWP - UPDATED TRADING STATEMENT.BARLOWORLD LTD - ISSUING REVISED FY EPS GUIDANCE.BARLOWORLD LTD - EXPECTS FY EPS RANGE OF BETWEEN 1,793.1 CENTS AND 1,871.0 CENTS.BARLOWORLD LTD - ALL OTHER GUIDANCE REMAINS UNCHANGED.  Full Article

Barloworld HY HEPS From Cont. Ops Up 14 pct To 457 Cents
Monday, 21 May 2018 

May 21 (Reuters) - Barloworld Ltd ::INTERIM DIVIDEND PER SHARE OF 145 CENTS UP 16%.HY HEADLINE EARNINGS PER SHARE (FROM CONTINUING OPERATIONS) UP 14% TO 457 CENTS.HY TOTAL HEADLINE EARNINGS PER SHARE UP 32% TO 481 CENTS.REVENUE TO MARCH OF R8 670 MILLION INCREASED BY R456 MILLION (5.6%) COMPARED TO PRIOR YEAR.DESPITE RECENT SURGE IN OIL PRICES, OUTLOOK FOR ANGOLA REMAINS CLOUDED BY SLUMP IN OIL PRODUCTION.REVENUE FOR FIRST SIX MONTHS GREW BY 1% TO R30.9 BILLION.BUILD-UP OF WORKING CAPITAL TO MARCH 2018 HAS NEGATIVELY IMPACTED CASH GENERATION OF GROUP.EXIT OF MIDDLE EAST LOGISTICS OPERATIONS IS PROGRESSING AND EXPECTATION IS TO SELL THIS BUSINESS WITHIN NEXT 12 MONTHS.TURNAROUND IN LOGISTICS BUSINESS IN LINE WITH EXPECTATIONS; ALL OPTIONS UNDER CONSIDERATION AS CO ASSESSES PERFORMANCE, FIT OF INDIVIDUAL PARTS OF S.A. BUSINESS."IMPROVING GLOBAL ECONOMY AND CURRENT FAVOURABLE COMMODITY PRICES HAVE RESULTED IN IMPROVED MINING OUTPUT IN OUR REGION".  Full Article

South Africa's Barloworld H1 earnings jump 14%

JOHANNESBURG, May 20 South Africa's Barloworld Ltd, a dealer for Caterpillar Inc and other industrial equipment brands, reported a 14.1% gain in first-half earnings on Monday, driven by its southern Africa Equipment division.