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Barloworld Ltd (BAWJ.J)

BAWJ.J on Johannesburg Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Barloworld Updates On Proposed Acquisition Of Tongaat Hulett Starch Business
Tuesday, 7 Jul 2020 

July 7 (Reuters) - Barloworld Ltd ::BARLOWORLD LTD - PROCESS TO RESOLVE DISPUTE AS TO WHETHER A MAC HAS OCCURRED CONTINUES.BARLOWORLD LTD - PROCESS TO RESOLVE DISPUTE AS TO WHETHER A MAC HAS OCCURRED CONTINUES.BARLOWORLD LTD - APPOINTMENT OF INDEPENDENT EXPERT TO ADJUDICATE MAC DISPUTE IS IMMINENT.BARLOWORLD LTD - IT IS ANTICIPATED THAT INDEPENDENT EXPERT WILL DELIVER ITS OPINION AS TO WHETHER A MAC HAS OCCURRED ON OR ABOUT 21 SEPTEMBER.BARLOWORLD LTD - ANTICIPATED THAT INDEPENDENT EXPERT WILL DELIVER ITS OPINION AS TO WHETHER A MAC HAS OCCURRED ON OR ABOUT 21 SEPTEMBER.BARLOWORLD LTD - OTHER SUSPENSIVE CONDITIONS TO TRANSACTION STILL REMAIN TO BE FULFILLED.  Full Article

Barloworld Withdraws All Previous Guidance In Respect Of Future Outlook
Friday, 12 Jun 2020 

June 12 (Reuters) - Barloworld Ltd ::JSE: BAW - BAWP - TRADING STATEMENT.BARLOWORLD LTD - WITHDRAWING ALL PREVIOUS GUIDANCE IN RESPECT OF OUR FUTURE OUTLOOK.BARLOWORLD- WITHDRAWING SHORT TERM TARGETS FOR LOGISTICS BUSINESS AND GROUP'S MEDIUM TERM RETURN ON EQUITY AND RETURN ON INVESTED CAPITAL GUIDANCE.BARLOWORLD LTD - SEES HY BASIC LOSS PER SHARE FROM CONTINUING OPERATIONS 810.5 CENTS TO 876.2 CENTS.BARLOWORLD - SEES HY GROUP BASIC HLPS FROM CONTINUING OPERATIONS BETWEEN 23.8 & 47.6 CENTS.  Full Article

Barloworld Says To Institute Group-Wide Retrenchments
Thursday, 28 May 2020 

May 28 (Reuters) - Barloworld Ltd ::JSE: BAW - BAWP - VOLUNTARY BUSINESS UPDATE.BARLOWORLD - IN MOTOR TRADING, OPERATIONAL ACTIVITIES LIMITED TO MOTOR RETAIL THAT SUPPORTED ESSENTIAL SERVICES THROUGH A SELECT NUMBER OF SITES.BARLOWORLD LTD - IN LOGISTICS, APPROXIMATELY 55% OF TRANSPORT FLEET HAS BEEN OPERATIONAL DURING LOCKDOWN PERIOD.BARLOWORLD LTD - GROUP'S GEARING LEVELS REMAIN LOW AND WELL WITHIN COVENANTS.BARLOWORLD - ACTIVITY LEVELS IN EQUIPMENT SOUTHERN AFRICA CONTINUED TO RECOVER WITH APRIL RANGING BETWEEN 35% AND 45% COMPARED TO PRE-LOCKDOWN LEVELS.BARLOWORLD LTD - MOST OF OUR BUSINESSES HAVE BEEN SEVERELY AFFECTED BY RESTRICTIONS ON TRADE AS WELL AS VARIOUS LOCKDOWNS.BARLOWORLD LTD - ACTIVELY REVIEWING AND MONITORING ALL FACILITIES ON AN ONGOING BASIS AND REMAIN CONFIDENT OF OUR GOOD LIQUIDITY POSITION.BARLOWORLD LTD - DECIDED TO INSTITUTE GROUP-WIDE RETRENCHMENTS, IN ADDITION TO 12 MONTH REMUNERATION SACRIFICE PLAN IMPLEMENTED ON 1 MAY 2020.BARLOWORLD LTD - RETRENCHMENT PROCESSES ARE EXPECTED TO BE COMPLETED BY END OF CURRENT FINANCIAL YEAR.BARLOWORLD LTD - AT 30 APRIL 2020, NET DEBT POSITION (EXCLUDING IFRS 16) INCREASING TO OVER R4 BILLION IN LINE WITH OPERATIONAL CYCLES.BARLOWORLD LTD - HEADROOM ON COMMITTED FACILITIES FOR BOTH LOCAL AND OFF-SHORE OPERATIONS REMAINS SUBSTANTIAL AT OVER R7 BILLION.BARLOWORLD LTD - ALSO HAVE NON-COMMITTED FACILITIES OF OVER R3 BILLION.  Full Article

Tongaat Hulett Says Parties Unable To Agree On Whether Or Not Material Adverse Change Occurred
Tuesday, 12 May 2020 

May 12 (Reuters) - Tongaat Hulett Ltd ::JSE: TON - CAUTIONARY ANNOUNCEMENT REGARDING THE PROPOSED DISPOSAL OF THE COMPANY’S STARCH BUSINESS.TONGAAT HULETT LTD - COMPANY AND KLL GROUP HAVE BEEN UNABLE TO AGREE ON WHETHER OR NOT A MATERIAL ADVERSE CHANGE HAS OCCURRED.TONGAAT HULETT LTD - STARCH DISPOSAL AGREEMENT IS STILL OF FORCE AND EFFECT, AND COMPANY REMAINS COMMITTED TO STEPS CURRENTLY UNDERWAY.TONGAAT HULETT - ANTICIPATED THAT PROCESS TO REFER MATTER FOR DETERMINATION BY AN INDEPENDENT THIRD PARTY WILL NOW BE FOLLOWED.TONGAAT HULETT LTD - SHAREHOLDERS ARE ADVISED TO EXERCISE CAUTION WHEN DEALING IN COMPANY'S SECURITIES.  Full Article

Barloworld Says Impact On Businesses From Virus Remains Uncertain At This Stage
Monday, 30 Mar 2020 

March 30 (Reuters) - Barloworld Ltd ::JSE: BAW - BAWP - PRE-CLOSE VOLUNTARY OPERATIONAL UPDATE FOR THE FIVE MONTHS TO 29 FEBRUARY 2020.BARLOWORLD LTD - CHALLENGING TRADING ENVIRONMENT FOR FIRST FIVE MONTHS.BARLOWORLD - REVIEWED CURRENT BANKING FACILITIES, MODELLED LIQUIDITY POSITION OVER NEXT 18 MONTHS AND HAS MORE THAN ADEQUATE HEADROOM.BARLOWORLD LTD - CHALLENGING TRADING CONDITIONS ARE EXPECTED TO INTENSIFY IN SECOND SIX MONTHS OF 2020 FINANCIAL YEAR.BARLOWORLD LTD - IMPACT ON BUSINESSES FROM VIRUS REMAINS UNCERTAIN AT THIS STAGE.BARLOWORLD - IN 5 MONTHS TO 29 FEB, GROUP'S REVENUE WAS DOWN ON COMPARABLE PERIOD IN PRIOR YEAR.BARLOWORLD LTD - FOR FIVE MONTHS TO 29 FEB, OPERATING PROFIT WAS ALSO DOWN.BARLOWORLD - UNABLE MEET CERTAIN CLOSING UNDERTAKINGS FOR WAGNER ASIA EQUIPMENT MONGOLIA DEAL, TRANSACTION EXPECTED TO BE DELAYED.  Full Article

Barloworld Announces Further Share Buyback
Wednesday, 18 Mar 2020 

March 18 (Reuters) - Barloworld Ltd ::FURTHER GENERAL SHARE REPURCHASES BY BARLOWORLD.AS A RESULT OF CUMULATIVE REPURCHASES, CO'S CASH RESOURCES DECREASED BY R1 558 MILLION (BEFORE TRANSACTION COSTS).BARLOWORLD HAS NOW REPURCHASED A FURTHER 7.6 MILLION OF ITS ORDINARY SHARES IN TERMS OF GENERAL AUTHORITY.  Full Article

Barloworld Repurchases 10.6 Mln Of Its Own Ordinary Shares
Monday, 9 Mar 2020 

March 9 (Reuters) - Barloworld Ltd ::GENERAL SHARE REPURCHASES BY BARLOWORLD.REPURCHASED 10.6 MILLION OF ITS OWN ORDINARY SHARES.  Full Article

Barloworld To Buy Tongaat Hulett Starch Business For Enterprise Value Of R5.350 Bln
Friday, 28 Feb 2020 

Feb 28 (Reuters) - Barloworld Ltd ::JSE: BAW19 - BAW21 - PROPOSED ACQUISITION OF THE TONGAAT HULETT STARCH DIVISION OF TONGAAT HULETT LIMITED.BARLOWORLD - WILL ACQUIRE TONGAAT HULETT STARCH BUSINESS OF TONGAAT HULETT AS A GOING CONCERN FOR AN ENTERPRISE VALUE OF R5.350 BILLION.BARLOWORLD - ACQUISITION ON A DEBT FREE/CASH FREE BASIS.BARLOWORLD - ACQUISITION OF TONGAAT HULETT STARCH BUSINESS TO BE FUNDED FROM CO'S CASH RESOURCES, LOCAL DEBT FACILITIES.  Full Article

Barloworld Says Group Revenue For Three Months Ended 31 December 2019, Was Lower Than Prior Year
Wednesday, 12 Feb 2020 

Feb 12 (Reuters) - Barloworld Ltd ::JSE: BAW - BAWP - VOLUNTARY OPERATIONAL TRADING UPDATE: THREE MONTHS ENDED 31 DECEMBER 2019.BARLOWORLD LTD - GROUP REVENUE FOR PERIOD WAS LOWER THAN PRIOR YEAR AS A RESULT OF CONTINUED WEAK MACROECONOMIC AND TRADING CONDITIONS..BARLOWORLD LTD - GROUP OPERATING PROFIT BEFORE BEE CHARGES WAS DOWN IN QUARTER.BARLOWORLD- GLOBAL CONCERN OVER CORONA VIRUS OUTBREAK IS WEIGHING ON GENERAL SENTIMENT, WITH CONCERNS OVER ITS NEGATIVE IMPACT ON GLOBAL GROWTH.BARLOWORLD, ON CORONA VIRUS OUTBREAK, SAYS MONITORING DEVELOPMENTS CLOSELY & WILL REACT TO MITIGATE RISKS ON BUSINESS SHOULD THIS BE REQUIRED.  Full Article

Barloworld To Buy Wagner Asia Equipment
Monday, 3 Feb 2020 

Feb 3 (Reuters) - Barloworld Ltd ::PROPOSED ACQUISITION OF WAGNER ASIA EQUIPMENT AND WITHDRAWAL OF CAUTIONARY ANNOUNCEMENT.PROPOSED DEAL FOR USD216.8M.PROPOSED DEAL IS TO BE FUNDED FROM EXISTING OFFSHORE CASH AND DEBT FACILITIES.  Full Article

S.Africa's Barloworld sees drop in H1 earnings as pandemic hits demand

JOHANNESBURG, June 30 South Africa's Barloworld Ltd, said on Tuesday its interim earnings would fall by 32%, weighed down by constrained consumer demand and the impact of the coronavirus pandemic across its markets.