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India

Barloworld Ltd (BWL.NM)

BWL.NM on Namibian Stock Exchange

6,271.00ZAc
18 Sep 2020
Change (% chg)

-129.00 (-2.02%)
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Latest Key Developments (Source: Significant Developments)

Tongaat Hulett Provides An Update On Proposed Disposal Of Starch Business
Friday, 14 Aug 2020 

Aug 14 (Reuters) - Tongaat Hulett Ltd ::TONGAAT HULETT LTD - UPDATE ON PROPOSED DISPOSAL OF STARCH BUSINESS.TONGAAT HULETT LTD - COMPANY REMAINS FIRMLY OF VIEW THAT A MAC HAS NOT OCCURRED.TONGAAT - PARTIES AGREED THAT DISPUTE RESOLUTION PROCESS FOLLOWED TO DATE WILL DETERMINE ALL DISPUTES ARISING IN RESPECT OF 1ST AND 2ND MAC NOTICES.TONGAAT HULETT LTD - THERE WILL BE A SINGLE CONSOLIDATED DETERMINATION BY INDEPENDENT EXPERT.TONGAAT HULETT LTD - SOLE DISPUTE TO BE DECIDED BY INDEPENDENT EXPERT IS WHETHER OR NOT A MAC HAS OCCURRED.  Full Article

Barloworld Announces Update On Acquisition Of Wagner Asia Equipment
Friday, 17 Jul 2020 

July 17 (Reuters) - Barloworld Ltd ::BARLOWORLD LTD - UPDATE ON ACQUISITION OF WAGNER ASIA EQUIPMENT LLC.BARLOWORLD - ADDENDUM TO AGREEMENT STIPULATES THAT PURCHASE CONSIDERATION WILL NOW BE SUM OF USD45M (ZAR0.751BN¹), FOR GOODWILL AND INTANGIBLE ASSETS.BARLOWORLD LTD - PARTIES ANTICIPATE CLOSING DATE TO BE 1 SEPTEMBER 2020.BARLOWORLD LTD - PARTIES REMAIN COMMITTED TO CLOSING PROPOSED TRANSACTION AND HAVE RE-NEGOTIATED CERTAIN ASPECTS OF PROPOSED TRANSACTION.  Full Article

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

SA's Competition Commission Recommend Tribunal Approve Proposed Kll/Tongaat Hulett Deal
Friday, 26 Jun 2020 

June 26 (Reuters) - SA'S COMPETITION COMMISSION ::SA'S COMPETITION COMMISSION - RECOMMEND TRIBUNAL APPROVE PROPOSED DEAL WHERE KLL INTENDS TO BUY TARGET BUSINESS FROM TONGAAT HULETT WITHOUT CONDITIONS.  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 Zahid Tractor & Heavy Machinery Co Buys 5.0% Interest In Co
Monday, 20 Apr 2020 

April 20 (Reuters) - Barloworld Ltd ::BARLOWORLD LTD - ZAHID TRACTOR & HEAVY MACHINERY CO. LIMITED HAS IN AGGREGATE, ACQUIRED AN INTEREST OF 5.0% IN TOTAL ISSUED ORDINARY SHARES OF COMPANY.  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

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.

No consensus analysis data available.