Edition:
India

Clover Industries Ltd (CLRJ.J)

CLRJ.J on Johannesburg Stock Exchange

2,220.00ZAc
20 Sep 2019
Change (% chg)

-62.00 (-2.72%)
Prev Close
2,282.00
Open
2,282.00
Day's High
2,342.00
Day's Low
2,204.00
Volume
124,371
Avg. Vol
148,542
52-wk High
2,422.00
52-wk Low
1,399.00

Latest Key Developments (Source: Significant Developments)

Clover Industries Updates On Competition Tribunal Hearing
Tuesday, 10 Sep 2019 

Sept 10 (Reuters) - Clover Industries Ltd ::UPDATE ON COMPETITION TRIBUNAL HEARING.COMPETITION TRIBUNAL HEARING IN RELATION TO MILCO-CLOVER DEAL WAS NOT FINALISED ON MONDAY.COMPETITION TRIBUNAL HEARING ON PROPOSED MILCO SA DEAL HAS BEEN SET DOWN TO CONTINUE ON 16 SEPTEMBER 2019.  Full Article

S.A. Competition Tribunal Says Hearing Into Milco SA-Clover Industries Deal To Resume On Sept 9
Friday, 6 Sep 2019 

Sept 6 (Reuters) - S. Africa's Competition Tribunal::HEARING INTO PROPOSED DEAL WHEREBY MILCO SA SEEKS TO BUY CLOVER INDUSTRIES WILL RESUME ON SEPT 9.REQUESTED FURTHER SUBMISSIONS BEFORE IT ISSUES DECISION ON PROPOSED DEAL WHEREBY MILCO SA SEEKS TO BUY CLOVER.  Full Article

Clover Industries Updates On Annual Financial Results Announcement
Wednesday, 4 Sep 2019 

Sept 4 (Reuters) - Clover Industries Ltd ::UPDATE ON CLOVER ANNUAL FINANCIAL RESULTS ANNOUNCEMENT.CLOVER WILL NOT BE RELEASING ITS FINANCIAL RESULTS FOR YEAR ENDED 30 JUNE 2019 ON OR ABOUT 10 SEPTEMBER 2019..WE CONFIRM THAT COMPETITION TRIBUNAL HEARING IS SET DOWN FOR 9 SEPTEMBER 2019.  Full Article

Clover Industries Extends Fulfillment Date Of Outstanding Conditions Precedent To Clover Scheme
Friday, 23 Aug 2019 

Aug 23 (Reuters) - Clover Industries Ltd ::JSE: CLR - EXTENSION OF DATE FOR FULFILLMENT OF OUTSTANDING CONDITIONS PRECEDENT TO THE CLOVER SCHEME.CLOVER INDUSTRIES - MILCO SA AND CLOVER HAVE AGREED TO EXTEND DATE FOR FULFILLMENT OR WAIVER TO 20 SEPTEMBER 2019.  Full Article

Clover FY HEPS Expected More Than 180.5 Cents Higher Than Last Year
Friday, 10 May 2019 

May 10 (Reuters) - Clover Industries Ltd ::JSE: CLR - OPERATIONAL UPDATE AND TRADING STATEMENT.CLOVER INDUSTRIES LTD - GENERAL TRADING CONDITIONS IN RETAIL AND FAST-MOVING CONSUMER GOODS SECTORS HAVE DETERIORATED SINCE JANUARY 2019..CLOVER INDUSTRIES - RAND VOLATILITY, RISING OIL PRICES AND SUBDUED ECONOMIC ACTIVITY IN BUILD-UP TO MAY 8 ELECTIONS LED TO WEAKER TRADING CONDITIONS.CLOVER INDUSTRIES - FY HEPS EXPECTED TO BE MORE THAN 180,5 CENTS HIGHER THAN HEADLINE LOSS PER SHARE OF 23,1 CENTS REPORTED FOR COMPARATIVE PERIOD.CLOVER INDUSTRIES - FIRE AT CLOVER'S ESTCOURT POWDER FACTORY IN MARCH CAUSED SEVERE DAMAGE TO FACILITY, HAD IMPACT ON AVAILABILITY OF CREAM.CLOVER - NEW FIVE-YEAR AGREEMENT SIGNED WITH DANONE SOUTHERN AFRICA TO PROVIDE CERTAIN WAREHOUSING, DISTRIBUTION SERVICES WITH FROM JUL 1.CLOVER INDUSTRIES LTD - THE FIRE IN MARCH IMPACTED PRODUCTION OF CERTAIN HIGHLY PROFITABLE PRODUCTS.CLOVER INDUSTRIES LTD - VALUE OF DANONE CONTRACT, IN EXCESS OF R400 MILLION, COULD HAVE A MEANINGFUL IMPACT ON CLOVER GOING FORWARD.CLOVER- FY EPS EXPECTED TO BE MORE THAN 182,7 CENTS HIGHER THAN LPS OF 19,9 CENTS REPORTED FOR COMPARATIVE PERIOD.  Full Article

Clover Industries Posts FY Normalised HEPS 206,9 Cents
Wednesday, 12 Sep 2018 

Sept 12 (Reuters) - Clover Industries Ltd ::FY REVENUE UP 7.9 PCT TO R8,3 BILLION.FY NORMALISED EPS 210,1 CENTS.FY NORMALISED HEPS 206,9 CENTS.TOTAL DIVIDEND PER SHARE UP 210.8 PCT TO 75,24 CENTS.RECEIVED UNFORESEEN NOTICE OF RESIGNATION OF DFSA CEO ON 11 SEPTEMBER 2018.DFSA CEO'S DECISION TO RESIGN IS UNDERSTOOD TO BE DUE TO "ENORMOUS CONFLICT" BETWEEN LOSING MILK PRODUCERS OR LOSING MARKET SHARE.TRADING CONDITIONS EXPERIENCED THIS YEAR ARE EXPECTED TO CONTINUE OVER NEXT YEAR.  Full Article

Clover Industries Ffrantz Scheepers appointed new CFO designate
Tuesday, 17 Oct 2017 

Oct 17 (Reuters) - Clover Industries Ltd ::CLOVER INDUSTRIES LTD - ‍FRANTZ SCHEEPERS APPOINTED AS NEW CFO DESIGNATE, EFFECTIVE 1 NOVEMBER 2017​.‍SCHEEPERS WILL ASSUME ROLE AS CFO OF COMPANY EFFECTIVE 1 JANUARY 2018​.  Full Article

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PepsiCo to buy South Africa's Pioneer Food for $1.7 billion

JOHANNESBURG PepsiCo has struck a deal to buy South Africa's Pioneer Food Group for $1.7 billion, the companies said on Friday, lifting Pioneer's shares and boosting a sector that has been hit by drought and tough trading conditions.