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Sappi Ltd (SAPJ.J)

SAPJ.J on Johannesburg Stock Exchange

3,582.00ZAc
12 Nov 2019
Change (% chg)

-138.00 (-3.71%)
Prev Close
3,720.00
Open
3,729.00
Day's High
3,729.00
Day's Low
3,580.00
Volume
6,134,720
Avg. Vol
3,711,805
52-wk High
8,499.00
52-wk Low
3,542.00

Latest Key Developments (Source: Significant Developments)

GE Announces An Order For A Multiyear Services Agreement With Sappi (Sappi Austria Produktions–GmbH & Co KG)
Thursday, 17 Oct 2019 

Oct 17 (Reuters) - General Electric Co ::GE - ANNOUNCED AN ORDER FOR A MULTIYEAR SERVICES AGREEMENT WITH SAPPI (SAPPI AUSTRIA PRODUKTIONS–GMBH & CO KG).GE - WILL PROVIDE LONG-TERM MAINTENANCE SERVICES & PERFORMANCE UPGRADES ON A 42-MW GAS TURBINE SUPPLIED BY ANOTHER EQUIPMENT MANUFACTURER.  Full Article

Sappi Announces Proposed Acquisition Of Matane Mill From Rayonier Advanced Materials Group
Thursday, 1 Aug 2019 

Aug 1 (Reuters) - Sappi Ltd ::PROPOSED ACQUISITION BY SAPPI OF MATANE MILL FROM THE RAYONIER ADVANCED MATERIALS GROUP.SAPPI CANADA ENTERPRISES SIGNS AGREEMENT TO BUY MATANE HIGH YIELD HARDWOOD PULP MILL IN CANADA FROM RAYONIER ADVANCED MATERIALS FOR $175 MILLION.MATANE HIGH YIELD HARDWOOD PULP MILL HAS A CAPACITY OF 270 000 TONS PER ANNUM OF HIGH YIELD HARDWOOD PULP.TRANSACTION REPRESENTS AN OPPORTUNITY TO INCREASE SAPPI'S PULP INTEGRATION FOR BOTH ITS NORTH AMERICAN AND EUROPEAN PACKAGING BUSINESSES.SAPPI WILL FUND ACQUISITION THROUGH INTERNAL CASH RESOURCES AND AVAILABLE DEBT FACILITIES.INCREASED PULP INTEGRATION TO LOWER CO'S COSTS OF PULP, REDUCE VOLATILITY OF EARNINGS THROUGHOUT PULP CYCLE AND PROVIDE CERTAINTY OF SUPPLY.  Full Article

Sappi Qtrly HEPS 2 U.S. Cents
Thursday, 1 Aug 2019 

Aug 1 (Reuters) - Sappi Ltd ::RESULTS FOR THE QUARTER ENDED JUNE 2019.CAPITAL EXPENDITURE FOR REMAINDER OF YEAR IS EXPECTED TO BE APPROXIMATELY US$200 MILLION.QTRLY HEADLINE EPS 2 US CENTS.QTRLY SALES DOWN 5% TO $1,371 MILLION.DWP PRICING IS EXPECTED TO CONTINUE TO BE UNDER PRESSURE WHILE VSF PRODUCERS ARE IMPACTED BY LOW MARGINS.EXPECT ANNUAL CAPEX LEVELS TO REDUCE OVER NEXT TWO YEARS.Q4 PROFITABILITY WILL LIKELY BE BELOW THAT OF PRIOR YEAR.  Full Article

Sappi Completes Refinancing Transaction
Tuesday, 26 Mar 2019 

March 26 (Reuters) - Sappi Ltd ::JSE: SAP - SAPPI ANNOUNCES COMPLETION OF REFINANCING TRANSACTION.SAPPI LTD - NET PROCEEDS FROM NOTE OFFERING WILL BE USED TO REDEEM ALL OF SPH'S OUTSTANDING EUR 450 MILLION SENIOR NOTES DUE 2022.SAPPI LTD - CLOSING OF OFFERING OF EUR 450 MILLION 3 % SENIOR NOTES DUE 2026 BY ITS SUBSIDIARY.SAPPI - NOW RAISED FUNDS SUFFICIENT TO PAY REDEMPTION PRICE OF, & ACCRUED INTEREST AND ADDITIONAL AMOUNTS PAYABLE ON, SPH'S OUTSTANDING 2022 NOTES.  Full Article

Sappi Says Prices €450 Mln Senior Notes Offering
Wednesday, 13 Mar 2019 

March 13 (Reuters) - Sappi Ltd ::SAPPI PRICES €450 MILLION SENIOR NOTES OFFERING. NET PROCEEDS OF OFFERING WILL BE USED TO REDEEM ALL OF SAPPI PAPIER HOLDING GMBH'S EUR 450 MILLION SENIOR NOTES DUE 2022.PRICED SAPPI PAPIER HOLDING GMBH'S BOND OFFERING TO RAISE EUR 450 MILLION OF NEW SENIOR NOTES DUE 2026 WITH A COUPON OF 3.125% PER ANNUM.  Full Article

Sappi Says Investec's Total Beneficial Interest In Co Now 5.0035% Of Co's Issued Capital
Tuesday, 5 Feb 2019 

Feb 5 (Reuters) - Sappi Ltd ::INVESTEC'S TOTAL BENEFICIAL INTEREST IN COMPANY AS OF 05 FEBRUARY 2019 HAS INCREASED TO 5.0035% OF ISSUED CAPITAL OF COMPANY.  Full Article

Sappi Ltd Qtrly EPS Ex. Items $0.19
Thursday, 15 Nov 2018 

Nov 15 (Reuters) - Sappi Ltd ::FY DIVIDEND OF 17 US CENTS (FY17: 15 US CENTS).QTRLY EPS EXCLUDING SPECIAL ITEMS 19 US CENTS.QTRLY SALES $1,535 MILLION VERSUS $1,411 MILLION.DEBOTTLENECKING OF SAICCOR, NGODWANA, CLOQUET & FEWER PRODUCTION DISRUPTIONS IN 2019 SHOULD LEAD TO INCREASED DWP SALES VOLUMES.CAPITAL EXPENDITURE IN 2019 IS EXPECTED TO INCREASE TO US$590 MILLION.EXPECT EBITDA IN Q1 OF FINANCIAL YEAR 2019, GIVEN CURRENT EXCHANGE RATES, TO BE COMFORTABLY HIGHER THAN THAT OF 2018.  Full Article

Sappi Sees Q4 Capex To Be About 180 Mln Dollars
Monday, 13 Aug 2018 

Aug 13 (Reuters) - Sappi Ltd ::QTRLY EBITDA EXCLUDING SPECIAL ITEMS US$155 MILLION (Q3 2017: US$155 MILLION).QTRLY PROFIT FOR PERIOD US$51 MILLION (Q3 2017: US$58 MILLION).EXPECT TO REDUCE NET DEBT FURTHER IN COMING QUARTER.QTRLY SALES $1,445 MILLION VERSUS $1,260 MILLION REPORTED A YEAR EARLIER.CAPITAL EXPENDITURE IN LAST QUARTER IS EXPECTED TO BE APPROXIMATELY US$180 MILLION.SAPPI LTD SAYS NAV PER SHARE AT QUARTER-END 342 CENTS VERSUS 304 CENTS REPORTED A YEAR EARLIER.EXPECT TO START COMMERCIAL SALES OF FIRST QUALITY PAPERBOARD IN Q4.ANTICIPATE SIGNIFICANTLY IMPROVED PACKAGING SALES VOLUMES IN COMING FINANCIAL YEAR.EXPECT GROUP'S Q4 OPERATING PERFORMANCE TO BE SIMILAR TO THAT OF LAST YEAR.MARKET PRICES ARE EXPECTED TO REMAIN STABLE AT CURRENT LEVELS.Q4 AVERAGE REALISED DWP PRICES SHOULD BE IN LINE WITH THOSE OF Q3.  Full Article

Sappi Says Group's Q2 Operating Performance Expected To Be Slightly Below Prior Year
Wednesday, 7 Feb 2018 

Feb 7 (Reuters) - Sappi Ltd ::Q1 ‍EBITDA EXCLUDING SPECIAL ITEMS US$172 MILLION (Q1 2017 LIKE-FOR-LIKE US$181 MILLION)​.Q1 ‍EPS EXCLUDING SPECIAL ITEMS 14 US CENTS (Q1 2017 16 US CENTS)​.‍Q1 PROFIT FOR PERIOD US$63 MILLION (Q1 2017 US$90 MILLION)​.‍Q1 NET DEBT US$1,349 MILLION (Q1 2017 US$1,338 MILLION)​.Q1 ‍NET CASH UTILISED WAS US$14 MILLION, COMPARED TO US$17 MILLION CASH GENERATED IN EQUIVALENT QUARTER LAST YEAR​.‍CAPITAL EXPENDITURE IN 2018 IS EXPECTED TO BE APPROXIMATELY US$500 MILLION​.‍GROUP'S Q2 OPERATING PERFORMANCE IS EXPECTED TO BE SLIGHTLY BELOW THAT OF PRIOR YEAR.ADVANCING PLANS FOR POSSIBLE EXPANSION OF SAICCOR MILL BY 110,000 TONS PER ANNUM​.  Full Article

Sappi Says ‍Proposed Acquisition Of Speciality Paper Business Of Cham Paper Group Holding
Tuesday, 5 Dec 2017 

Dec 5 (Reuters) - Sappi Ltd ::‍PROPOSED ACQUISITION BY SAPPI OF SPECIALITY PAPER BUSINESS OF CHAM PAPER GROUP HOLDING AG​.SAPPI - ‍REACHED AGREEMENT WITH CPG, CO WILL PURCHASE SPECIALITY PAPER BUSINESS ASSETS FROM CPG CONSISTING OF TWO MILLS IN ITALY AND DIGITAL IMAGING BUSINESS IN SWITZERLAND.‍ACQUISITON IS FOR CONSIDERATION OF CHF146.5 MILLION (APPROXIMATELY US$149 MILLION)​.‍CLOSING DATE OF ACQUISITION IS EXPECTED DURING Q1 2018​.  Full Article