Edition:
India

Nampak Ltd (NPKJ.J)

NPKJ.J on Johannesburg Stock Exchange

1,054.00ZAc
23 Oct 2019
Change (% chg)

-16.00 (-1.50%)
Prev Close
1,070.00
Open
1,099.00
Day's High
1,099.00
Day's Low
1,042.00
Volume
2,240,600
Avg. Vol
588,255
52-wk High
1,678.00
52-wk Low
814.00

Latest Key Developments (Source: Significant Developments)

Nampak Says Making Progress In Talks For Potential Disposal Of Glass Business
Friday, 23 Aug 2019 

Aug 23 (Reuters) - Nampak Ltd ::JSE: NPK - FURTHER CAUTIONARY ANNOUNCEMENT WITH RESPECT TO THE POTENTIAL DISPOSAL OF NAMPAK‘S GLASS BUSINESS.NAMPAK LTD - ON POTENTIAL DISPOSAL OF NAMPAK GLASS BUSINESS, NAMPAK IS MAKING SIGNIFICANT PROGRESS IN NEGOTIATIONS.  Full Article

Nampak Posts HY HEPS 119.7 Cents
Thursday, 30 May 2019 

May 30 (Reuters) - Nampak Ltd ::HY REVENUE OF 8.5 BLN RAND, DOWN BY 4%.HY HEPS 119.7 CENTS, DOWN BY 9%.COST CONTAINMENT MEASURES INCLUDES A 20% REDUCTION IN HEADCOUNT.DEMAND IN ANGOLA SHOULD RECOVER OVER NEXT 12 TO 18 MONTHS ONCE WAGE INFLATION HAS AN EFFECT.NEGOTIATIONS ON DISPOSAL OF GLASS DIVISION ARE ONGOING.BIDDER, A SOUTH AFRICAN MAJORITY BLACK OWNED BUSINESS, HAS SECURED FUNDING FOR 100% OF ANTICIPATED DIVESTITURE VALUE FOR GLASS DIVISION.HY NET ABNORMAL LOSSES REDUCED BY 53% TO R57 MILLION ATTRIBUTABLE TO SIGNIFICANTLY HIGHER CAPITAL PROFITS FROM SALE OF ASSETS.HAD A NET GEARING RATIO OF 52% AT HY-END, COMPARED TO 37% AT SEPTEMBER 2018.ROBUST DEMAND FOR BEVERAGE CANS AND GENERAL METAL PACKAGING BUSINESSES IN NIGERIA ARE EXPECTED TO CONTINUE IN SECOND HALF.LOWER CONSUMER DEMAND IS EXPECTED TO CONTINUE IN ANGOLA.  Full Article

Nampak In Talks For Sale Of Glass Business
Thursday, 11 Apr 2019 

April 11 (Reuters) - Nampak Ltd ::FURTHER CAUTIONARY ANNOUNCEMENT – GLASS BUSINESS.NAMPAK LTD - NEGOTIATIONS ARE STILL IN PROGRESS WITH PREFERRED BIDDER IN RESPECT OF POTENTIAL DISPOSAL OF NAMPAK GLASS BUSINESS.NAMPAK LTD - PARTIES ARE STILL FULLY COMMITTED TO CONCLUSION OF TRANSACTION.NAMPAK LTD - POTENTIAL DISPOSAL OF NAMPAK GLASS BUSINESS WHICH, IF SUCCESSFULLY CONCLUDED, MAY HAVE A MATERIAL EFFECT ON PRICE OF COMPANY'S SECURITIES.  Full Article

Nampak Says Disposal Of Glass Business On Track
Thursday, 28 Feb 2019 

Feb 28 (Reuters) - Nampak Ltd ::NAMPAK - HAS BEEN IN EXCLUSIVE NEGOTIATIONS WITH A PREFERRED BIDDER IN RESPECT OF POTENTIAL DISPOSAL OF NAMPAK GLASS BUSINESS.NAMPAK - DISPOSAL OF NAMPAK GLASS BUSINESS ON TRACK WITH A VIEW TO CONCLUDING A SALE AND PURCHASE AGREEMENT BY APRIL.  Full Article

Nampak Sees FY HEPS Between 163.9 Cents - 171.2 Cents
Monday, 19 Nov 2018 

Nov 19 (Reuters) - Nampak Ltd ::JSE: NPK - TRADING STATEMENT FOR THE YEAR ENDED 30 SEPTEMBER 2018.NAMPAK LTD - SEES FY HEPS FOR CONTINUING OPERATIONS 163.9 CENTS PER SHARE AND 171.2 CENTS PER SHARE.NAMPAK LTD - SEES EPS FOR CONTINUING OPERATIONS BETWEEN 165.1 CENTS PER SHARE AND 171.2 CENTS PER SHARE.  Full Article

Nampak Says TT Mboweni Steps Down As Chairman and Director
Wednesday, 10 Oct 2018 

Oct 10 (Reuters) - Nampak Ltd ::RESIGNATION OF NON-EXECUTIVE DIRECTOR AND CHAIRMAN: TT MBOWENI.APPOINTED PM SURGEY AS PRO TEM CHAIRMAN OF BOARD.NOMINATIONS COMMITTEE WILL IN DUE COURSE CONSIDER, NOMINATE SUCCESSOR FOR ROLE OF CHAIRMAN IN LINE WITH ITS FORMAL SUCCESSION PLAN.  Full Article

Nampak Says Long-Term Funding Package Of R12.8 Bln Secured
Thursday, 20 Sep 2018 

Sept 20 (Reuters) - Nampak Ltd ::JSE: NPK - VOLUNTARY TRADING UPDATE FOR THE 11 MONTH PERIOD ENDED 31 AUGUST 2018.NAMPAK LTD - FURTHER INVESTMENTS OF R300 MILLION IN ANGOLA AND NIGERIA TO BE ANNOUNCED.NAMPAK LTD - LONG-TERM FUNDING PACKAGE OF R12.8 BILLION SECURED.NAMPAK LTD - MAJOR ECONOMIES IN WHICH NAMPAK OPERATES CONTINUE TO DELIVER A MIXED PERFORMANCE IN 11 MONTH PERIOD ENDED 31 AUGUST 2018.NAMPAK LTD - CAPITAL EXPENDITURE FOR FULL YEAR IS EXPECTED TO BE BETWEEN R500-650 MILLION.  Full Article

Nampak Says HY HEPS Increased By 10 Pct, Restructures Plastics Business
Wednesday, 30 May 2018 

May 30 (Reuters) - Nampak Ltd ::HY HEPS INCREASED BY 10% TO 132.0 CENTS PER SHARE.HY REVENUE INCREASED TO R8.8?BN UP BY 2%.HY TRADING PROFIT INCREASED TO R1.2BN UP BY 7%.HY OPERATING PROFIT DECREASED TO R1.0BN DOWN BY 6%.DEMAND FOR PACKAGING IS EXPECTED TO GROW AT INCREASED RATES IN 2018 AND 2019.CLOSURE OF CAPE TOWN PLANT WILL REMOVE 700 MILLION BEVERAGE CANS' CAPACITY IN THIS MARKET.HY CAPITAL EXPENDITURE FOR PERIOD MORE THAN HALVED TO R206 MILLION FROM R470 MILLION.EUROPEAN BUSINESS BUSINESS IS EXPECTED TO RETURN TO PROFITABILITY DURING 2018 FINANCIAL YEAR.COST SAVINGS FROM RESTRUCTURING PLAN TO BE IMPLEMENTED OVER NEXT 12 - 18 MONTHS SHOULD RESULT IN IMPROVED PROFITABILITY GOING FORWARD.CAPITAL EXPENDITURE FOR FULL YEAR IS EXPECTED TO BE SIMILAR TO, IF NOT BELOW, 2017 YEAR AMOUNT OF R735 MILLION.NO DIVIDEND WAS DECLARED FOR PERIOD AS A CONSEQUENCE OF SIGNIFICANT CASH BALANCES CURRENTLY HELD IN RESTRICTED AREAS.TOP LINE GROWTH IN PLASTICS IS EXPECTED TO REMAIN CHALLENGING.TURNAROUND PLAN HAS BEEN APPROVED WHICH WILL RESULT IN A REDUCTION IN HEADCOUNT OF APPROXIMATELY 300 EMPLOYEES IN PLASTICS.TWO LOW MARGIN PLASTICS BUSINESSES HAVE BEEN EARMARKED FOR DISPOSAL.NAMPAK - EXPLORATORY DISCUSSIONS OF GLASS BUSINESS HELD WITH NUMBER OF STRATEGIC PLAYERS IN PACKAGING INDUSTRY AND FORMAL DISPOSAL PROCESS IS IN INITIAL STAGES.NAMPAK - PROFITABILITY IS EXPECTED TO IMPROVE BY R131 MILLION PER ANNUM, WITH ONCE OFF COSTS OF R106 MILLION ONCE RESTRUCTING OF PLASTICS IMPLEMENTED.  Full Article

Nampak Ltd says ‍FY HEPS Increased By 15 pct To 123.8 Cents Per Share​​
Tuesday, 28 Nov 2017 

Nov 28 (Reuters) - Nampak Ltd ::FY ‍GROUP REVENUE OF R18.8BlN DOWN BY 2%​.‍FY HEPS INCREASED BY 15% TO 123.8 CENTS PER SHARE​.‍NO ORDINARY DIVIDEND DECLARED IN LINE WITH CASH CONSERVATION STRATEGY​.FY ‍TRADING PROFIT INCREASED TO R2.0BN UP BY 3%​.RESULTS HAVE ALSO BEEN NEGATIVELY IMPACTED BY A NUMBER OF SIGNIFICANT ABNORMAL ITEMS​.‍IN ANTICIPATION OF DELAYED SUGAR TAX LEGISLATION, WORKING CLOSELY WITH CUSTOMERS TO ASSESS IMPACT ON THEIR BUSINESSES, HOW THIS WILL CHANGE PACKAGING REQUIREMENTS​.  Full Article