Edition:
India

Bidvest Group Ltd (BVTJ.J)

BVTJ.J on Johannesburg Stock Exchange

20,557.64ZAc
15 Dec 2017
Change (% chg)

110.64 (+0.54%)
Prev Close
20,447.00
Open
20,450.00
Day's High
20,895.00
Day's Low
20,100.00
Volume
2,132,138
Avg. Vol
1,185,857
52-wk High
20,895.00
52-wk Low
14,650.00

Latest Key Developments (Source: Significant Developments)

Bidvest Financial Services acquires majority shareholding in FinGlobal
Tuesday, 21 Nov 2017 

Nov 21 (Reuters) - BIDVEST FINANCIAL SERVICES: :ACQUIRED A MAJORITY SHAREHOLDING IN FINANCIAL MIGRATION SERVICES COMPANY, FINGLOBAL.  Full Article

Bidvest to satisfy solvency and liquidity test after financial help​
Thursday, 12 Oct 2017 

Oct 12 (Reuters) - Bidvest Group Ltd :‍IMMEDIATELY AFTER PROVIDING SUCH FINANCIAL ASSISTANCE, COMPANY WOULD SATISFY SOLVENCY AND LIQUIDITY TEST​.  Full Article

Bidvest says expect more challenging trading conditions for rest 2017
Thursday, 8 Jun 2017 

June 8 (Reuters) - Bidvest Group Ltd ::Bidvest - post expected improved trading environment in 3qfy17, market conditions have deteriorated as reflected in lowered business and consumer confidence.Bidvest - now expect more challenging trading conditions for rest of calendar 2017.Macroeconomic environment is south africa remains a major concern.Remains committed to monetising its non-core assets in a value-accretive and responsible manner and discussions are ongoing.Demand is subdued in automotive and office & print divisions.Reduced fishing quotas remain an ongoing concern in Bidvest Namibia.  Full Article

Bidvest sees HEPS for period ended Dec. 31 up between 4-5 pct
Monday, 13 Feb 2017 

The Bidvest Group Limited :Headline earnings per share for continuing operations is expected to be between 508,0 to 512,0 cents per share, up between 4% - 5%..  Full Article

S.Africa's Competition Tribunal approves Bidvest deal to buy Brandcorp
Wednesday, 31 Aug 2016 

South Africa's Competition Tribunal : Approved Bidvest Group Ltd and Brandcorp Holdings (Pty) Ltd merger without conditions (((Bengaluru Newsroom +91 806 749 1136);)).  Full Article

SA's competition body says commission recommends approval of Bidvest deal
Tuesday, 30 Aug 2016 

South Africa's Competition Tribunal: Competition Commission has recommended Rebosis Property Fund Ltd and Billion Group (Pty) deal be approved without conditions . Competition Commission has recommended the unconditional approval of Bidvest Group Ltd Deal to buy Brandcorp Holdings Further company coverage: [BVTJ.J] (Bengaluru Newsroom: +91 806 749 1136).  Full Article

Bidvest full-year HEPS from cont ops rises 2.5 pct
Monday, 29 Aug 2016 

Bidvest Group Ltd : FY turnover up to R91.8 billion (2015: R88.6 billion) . FY trading profit up to R5.8 billion (2015: R5.6 billion) . FY headline earnings up to R3.5 billion (2015: R3.4 billion) . FY headline earnings per share (heps) from continuing operations increases by 2.5 pct to 1,054.1 cents . Final dividend declared of 232 cents per share .Ontime Automotive and DH Mansfield Group, both in the UK, remained loss making and will be addressed in 2017 financial year.  Full Article

SA's Competition Commission recommends Tribunal to approve Bidvest-Brandcorp merger
Wednesday, 17 Aug 2016 

South Africa's Competition Commission:Recommended to the Tribunal that merger whereby Bidvest intends to acquire Brandcorp be approved without conditions.  Full Article

Bidvest says acquires Brandcorp from Ethos Private Equity
Friday, 17 Jun 2016 

Bidvest Group Ltd : Acquisition of Brandcorp Holdings Proprietary Limited .Announces that it has entered into a binding agreement to acquire Brandcorp Holdings Proprietary Limited from Ethos Private Equity And Management.  Full Article

Bidvest announce results of the accelerated bookbuild
Wednesday, 15 Jun 2016 

Bidvest Group Ltd : Results of the accelerated bookbuild . 18,419,929 Bid Corp ordinary shares were placed with qualifying institutional investors at a price of zar235.00 per ordinary share .Book was substantially oversubscribed.  Full Article

BRIEF-Bidvest to satisfy solvency and liquidity test after financial help​

* ‍IMMEDIATELY AFTER PROVIDING SUCH FINANCIAL ASSISTANCE, COMPANY WOULD SATISFY SOLVENCY AND LIQUIDITY TEST​ Source text for Eikon: Further company coverage: