Edition:
India

Metair Investments Ltd (MTAJ.J)

MTAJ.J on Johannesburg Stock Exchange

1,614.00ZAc
18 Jul 2018
Change (% chg)

-36.00 (-2.18%)
Prev Close
1,650.00
Open
1,650.00
Day's High
1,720.00
Day's Low
1,582.00
Volume
68,154
Avg. Vol
237,529
52-wk High
2,450.00
52-wk Low
1,420.00

Latest Key Developments (Source: Significant Developments)

Metair Agrees With Consortium To End Talks On Potential BEE Transaction
Monday, 2 Jul 2018 

July 2 (Reuters) - Metair Investments Ltd ::UPDATE REGARDING POTENTIAL TRANSACTIONS AND RENEWAL OF CAUTIONARY.IN REGARD TO POTENTIAL BEE TRANSACTION, METAIR HAS MUTUALLY AGREED WITH BEE CONSORTIUM.MUTUALLY AGREED WITH BEE CONSORTIUM THAT IT IS IN BEST INTEREST OF CO TO TERMINATE NEGOTIATIONS RELATING TO POTENTIAL BEE TRANSACTION.POTENTIAL BEE TRANSACTION NOT IN BEST INTEREST OF SHAREHOLDERS AT PRESENT.UNDER CURRENT CONDITIONS, METAIR'S MANAGEMENT FOCUS WILL BE ON "PRESERVING COMPANY'S BALANCE SHEET AND EARNINGS".REGARDING POTENTIAL DEAL, WILL PRESENT A FUNDING STRUCTURE WHICH IS IN LINE WITH ITS STRATEGIC OBJECTIVES.  Full Article

Metair Investments Updates Regarding Potential Acquisition Of TAB
Monday, 25 Jun 2018 

June 25 (Reuters) - Metair Investments Ltd ::UPDATE REGARDING POTENTIAL ACQUISITION OF TAB AND RENEWAL OF CAUTIONARY.CURRENTLY FOCUSSING ON MOST EFFECTIVE AND EFFICIENT DEBT FUNDING ALTERNATIVES FOR PURPOSES OF SETTLING PURCHASE CONSIDERATION.DETERMINED EQUITY FUNDING ALTERNATIVE MAY NOT BE MOST BENEFICIAL AND EFFICIENT MANNER IN WHICH TO FURTHER OBJECTIVES OF POTENTIAL ACQUISITION OF TAB.POTENTIAL TRANSACTION IS STILL IN ITS EARLY STAGES.  Full Article

Metair Investments Submitted Non-Binding Offer To Acquire TAB To The Controlling Shareholders Of TAB
Friday, 1 Jun 2018 

June 1 (Reuters) - Metair Investments Ltd ::SUBMITTED AN INDICATIVE NON-BINDING OFFER TO ACQUIRE TAB TO CONTROLLING SHAREHOLDERS OF TAB.TRANSACTION IS STILL IN ITS EARLY STAGES.METAIR IS IN EXCLUSIVE DISCUSSIONS REGARDING POTENTIAL TRANSACTION, FOR WHICH INDICATIVE PURCHASE CONSIDERATION IS EUR 300 MILLION.PROBABLE DATE OF COMPLETION OF TRANSACTION IS UNCERTAIN AND, IF CONCLUDED, WOULD LIKELY ONLY OCCUR DURING FINAL QUARTER OF 2018.CO ENTERED INTO EXCLUSIVITY AGREEMENT WITH BLACK FEMALE OWNED EMPOWERMENT PARTNER IN RELATION TO 30% DIRECT SHAREHOLDING IN METAIR'S AUTOMOTIVE COMPONENTS VERTICAL.DEAL IS EXPECTED TO EXECUTE ON METAIR'S STRATEGY OF EXPANDING ITS ENERGY VERTICAL AND INDUSTRIAL CELL MANUFACTURING.SUCCESSFUL CONCLUSION OF POTENTIAL BEE TRANSACTION IS EXPECTED TO PROVIDE COMPANY WITH ADDITIONAL FUNDS WHICH MAY BE APPLIED TOWARDS POTENTIAL TRANSACTION.  Full Article

Metair Investments sees FY HEPS down between 9.68-7.26 pct
Thursday, 9 Feb 2017 

Metair Investments Limited : Business is expected to achieve low double digit full year turnover growth .Says heps to be between 9.68-7.26% lower (between 224 -230 cents per share) than 248 cents per share last year.  Full Article

Metair Investments posts H1 HEPS of 54 cents/shr
Thursday, 18 Aug 2016 

Metair Investments Ltd : Interim HEPS (headline earnings per share) of 54 cents per share compared to 111 cents per share for prior period . H1 revenue from sales of goods 4.029 billion rand versus 3.542 billion rand . Says H1 capex fell to 158.5 mln rand from 496.9 mln rand last year .H1 dividend paid 188.42 mln rand versus 188.42 mln rand last year.  Full Article