Edition:
India

Bidvest Group Ltd (BVTJ.J)

BVTJ.J on Johannesburg Stock Exchange

19,227.00ZAc
9 Dec 2019
Change (% chg)

-61.00 (-0.32%)
Prev Close
19,288.00
Open
19,288.00
Day's High
19,322.00
Day's Low
18,986.00
Volume
689,766
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1,097,107
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22,500.00
52-wk Low
16,986.00

Latest Key Developments (Source: Significant Developments)

Bidvest FY HEPS 1,352.1 Cents
Monday, 2 Sep 2019 

Sept 2 (Reuters) - Bidvest Group Ltd ::AUDITED FINANCIAL RESULTS AND CASH DIVIDEND DECLARATION FOR THE YEAR ENDED 30 JUNE 2019.FY HEPS INCREASED BY 9.8% TO 1 352.1 CENTS.FINAL DIVIDEND DECLARED OF 318 CENTS PER SHARE, UP 5.6%.FY NORMALISED HEPS INCREASED BY 5.2%.EXPECTS CONTINUED GROWTH WILL BE ACHIEVED AND SHAREHOLDER VALUE CREATED IN CURRENT FINANCIAL YEAR.  Full Article

Adcock Ingram Annual Gross Profit Rises 11%
Wednesday, 28 Aug 2019 

Aug 28 (Reuters) - Adcock Ingram Holdings Ltd ::FY REVENUE INCREASES 11% TO R7,089 MILLION.FY GROSS PROFIT IMPROVES 11% TO R2,789 MILLION.FY TRADING PROFIT INCREASES 12% TO R955 MILLION.FY HEPS INCREASES 11%.TOTAL DIVIDEND INCREASES 16% TO 200 CENTS PER SHARE.BIDVEST GROUP’S SHAREHOLDING IN ADCOCK INGRAM RECENTLY INCREASED TO 50.1%.EXPECTS CURRENT ECONOMIC ENVIRONMENT, EXCHANGE RATE WEAKNESS, VOLATILITY, CONSTRAINTS ON CONSUMER SPENDING WILL NOT CHANGE IN SHORT-TERM.FY HEADLINE EARNINGS PER SHARE 421,7 CENTS.  Full Article

Bidvest Says Acquisition Of Eqstra In Line With Co's Strategic Intent
Monday, 15 Jul 2019 

July 15 (Reuters) - Bidvest Group Ltd ::ACQUISITION OF EQSTRA IS IN LINE WITH BIDVEST'S STATED STRATEGIC INTENT TO FOCUS BIDVEST BANK ON ITS FLEET MANAGEMENT NICHE.ACQUISITION WILL CREATE FUNDING, SCALE AND OPERATIONAL EFFICIENCIES AND RESULT IN A MORE BALANCED FLEET EXPOSURE.PURCHASE PRICE WILL BE SETTLED BY BIDVEST BANK. EXISTING EQSTRA DEBT WILL BE REFINANCED BY BANKS' AVAILABLE CAPITAL.EFFECTIVE DATE OF TRANSACTION IS EXPECTED TO BE TOWARDS END OF 2019.  Full Article

Enx To Sell Eqstra Fleet Management And Logistics For Enterprise Value Of ZAR 3,095 Mln
Monday, 15 Jul 2019 

July 15 (Reuters) - enX Group Ltd ::DIVESTMENT BY ENX OF EQSTRA FLEET MANAGEMENT AND LOGISTICS AND WITHDRAWAL CAUTIONARY ANNOUNCEMENT.ENTERED INTO DEFINITIVE SUBSCRIPTION DEAL WITH BIDVEST BANK & BIDVEST GROUP FOR DIVESTMENT OF LEGAL ENTITIES IN WHICH EFML BUSINESS IS CONDUCTED.EQUITY VALUE OF DEAL IS AN AMOUNT EQUAL TO ZAR 1,295 MILLION MULTIPLIED BY AN ESCALATION FACTOR OF 7% FROM LOCKED BOX DATE UNTIL CLOSING.BIDVEST WILL ALSO REFINANCE EFML'S INTEREST BEARING DEBT, WHICH AS AT 31 AUGUST 2018 AMOUNTED TO ABOUT ZAR 1,800 MILLION.BOARD IS IN PROCESS OF CONSIDERING OPTIMAL APPLICATION OF CASH PROCEEDS ARISING FROM TRANSACTION.ENTERPRISE VALUE OF TRANSACTION, DETERMINED AT AS 31 AUGUST 2018, TO ZAR 3,095 MILLION.CAUTION IS NO LONGER REQUIRED WHEN DEALING IN ENX SECURITIES, CAUTIONARY, RENEWAL OF CAUTIONARY ANNOUNCEMENTS RELEASED BY ENX ARE WITHDRAWN.  Full Article

S. Africa's Reserve Bank Says Prudential Authority Imposes Administrative Sanctions On Bidvest Bank
Friday, 15 Mar 2019 

March 15 (Reuters) - S. AFRICA'S RESERVE BANK::S. AFRICA'S RESERVE BANK- PRUDENTIAL AUTHORITY IMPOSES ADMINISTRATIVE SANCTIONS ON BIDVEST BANK LIMITED.S. AFRICA'S RESERVE BANK- SANCTIONS WERE IMPOSED BECAUSE WEAKNESSES WERE IDENTIFIED IN BIDVEST BANK’S PROCESSES TO COMPLY WITH FIC ACT PROVISIONS.S. AFRICA'S RESERVE BANK- ADMINISTRATIVE SANCTIONS IMPOSED ON BIDVEST BANK ARE A FINANCIAL PENALTY OF R5.25 MILLION.S. AFRICA'S RESERVE BANK-BIDVEST BANK COOPERATING WITH PA, TAKEN NECESSARY MEASURES TO ADDRESS IDENTIFIED COMPLIANCE DEFICIENCIES, CONTROL WEAKNESSES.  Full Article

Bidvest Says JPMorgan Chase & Co's Stake Now Amounts To 5.06%
Friday, 8 Mar 2019 

March 8 (Reuters) - Bidvest Group Ltd ::JPMORGAN CHASE & CO NOTIFIED COMPANY THAT SUCH ACCOUNTS UNDER ITS MANAGEMENT HAVE INCREASED THEIR HOLDING IN COMPANY.JPMORGAN CHASE & CO'S TOTAL INTEREST IN COMPANY NOW AMOUNTS TO 5.06% OF TOTAL ISSUED SHARES OF COMPANY.  Full Article

Bidvest Names Mpumi Madisa as CEO Designate
Monday, 4 Mar 2019 

March 4 (Reuters) - Bidvest Group Ltd ::BIDVEST APPOINTS CHIEF EXECUTIVE - DESIGNATE.BIDVEST BOARD HAS DEEMED IT TIMEOUS AND APPROPRIATE TO TODAY APPOINT MPUMI MADISA AS CHIEF EXECUTIVE - DESIGNATE.LINDSAY RALPHS WILL CONTINUE AS GROUP CHIEF EXECUTIVE UNTIL 2021 FINANCIAL YEAR.  Full Article

Bidvest HY HEPS Up 9.6 Pct To 629.1 Cents Per Share
Monday, 4 Mar 2019 

March 4 (Reuters) - Bidvest Group Ltd ::BIDVEST GROUP LTD - HY HEPS UP 9.6% TO 629.1 CENTS PER SHARE.BIDVEST GROUP LTD - INTERIM DIVIDEND OF 282 CENTS PER SHARE.BIDVEST GROUP LTD - HY NORMALISED HEPS 635.7 CENTS PER SHARE.BIDVEST GROUP LTD - HY REVENUE 40.0 BILLION RAND VERSUS 39.9 BILLION RAND.BIDVEST -CONTINUES TO HOLD INVESTMENTS IN ADCOCK INGRAM (38.5%), COMAIR (27.2%), MUMBAI AIRPORT (6.75%), OTHER LISTED AND UNLISTED INVESTMENTS.BIDVEST GROUP LTD - PROGRESS ON BIDVEST FREIGHT'S R1.0 BILLION LIQUIFIED PETROLEUM GAS PROJECT IS ON SCHEDULE.BIDVEST GROUP - CORE COMPETENCIES & DRIVERS OF CO REMAIN FIRMLY INTACT AND EXPECT THAT CONTINUED GROWTH WILL BE ACHIEVED IN FINANCIAL YEAR.BIDVEST GROUP LTD - DISPOSAL OF OUR STAKE IN MIAL IS PROGRESSING.BIDVEST GROUP LTD - MANAGEMENT REMAINS COMMITTED TO NON-CORE ASSET DISPOSALS, BUT ONLY AT FAIR VALUE.  Full Article

S.A. Competition Tribunal Approved Bidvest Freight-Sebenza Merger Without Conditions
Friday, 14 Dec 2018 

Dec 14 (Reuters) - S.A. COMPETITION TRIBUNAL::S.A. COMPETITION TRIBUNAL - UNCONDITIONALLY APPROVED MERGER BETWEEN TC GROUP LLC, APOLLO AVIATION HOLDING.SA'S COMPETITION TRIBUNAL- APPROVED BIDVEST FREIGHT-SEBENZA FORWARDING AND SHIPPING MERGER WITHOUT CONDITIONS.  Full Article

Bidvest Says All Divisions Achieved Trading Growth YTD
Wednesday, 28 Nov 2018 

Nov 28 (Reuters) - Bidvest Group Ltd ::JSE: BVT - VOLUNTARY TRADING UPDATE: FOUR MONTHS TO OCTOBER 2018.BIDVEST - YTD OPERATING PERFORMANCE SOLID NOTWITHSTANDING SLUGGISH ECONOMIC GROWTH, POLITICAL INSTABILITY, WANING BUSINESS CONFIDENCE IN SOUTH AFRICA.BIDVEST GROUP LTD - ALMOST ALL DIVISIONS ACHIEVED TRADING RESULT GROWTH YTD.  Full Article

Deals of the day-Mergers and acquisitions

July 15 The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Monday: