Edition:
India

Vukile Property Fund Ltd (VKEJ.J)

VKEJ.J on Johannesburg Stock Exchange

504.00ZAc
1:35pm IST
Change (% chg)

5.00 (+1.00%)
Prev Close
499.00
Open
503.00
Day's High
510.00
Day's Low
498.00
Volume
103,263
Avg. Vol
2,662,037
52-wk High
2,153.00
52-wk Low
422.00

Latest Key Developments (Source: Significant Developments)

Vukile Property Fund Posts FY HEPS of 116.92 Cents
Tuesday, 30 Jun 2020 

June 30 (Reuters) - Vukile Property Fund Ltd ::VUKILE PROPERTY FUND LTD - FY TOTAL REVENUE FOR PERIOD INCREASED FROM R2.8 BILLION AS AT 31 MARCH 2019 TO R3.4 BILLION.VUKILE PROPERTY FUND LTD - FY HEADLINE EARNINGS PER SHARE AMOUNTED TO 116.92 CENTS PER SHARE.VUKILE PROPERTY FUND LTD - DECISION REGARDING FINAL DIVIDEND WILL BE COMMUNICATED ON OR BEFORE PUBLICATION OF VUKILE'S AUDITED ANNUAL RESULTS.VUKILE PROPERTY FUND LTD - BALANCE SHEET REMAINS SOLID AND BUSINESS IS VERY CASH GENERATIVE WITH HEALTHY INTEREST COVER RATIOS.VUKILE PROPERTY FUND LTD - DOES NOT ANTICIPATE PAYING AN INTERIM DIVIDEND IN RESPECT OF FIRST HALF OF 2021 FINANCIAL YEAR.VUKILE PROPERTY FUND LTD - EVEN THOUGH LTV IS CURRENTLY HIGHER THAN PREFERRED LEVEL, PLANS ARE IN PLACE TO REDUCE IT OVER TIME.VUKILE PROPERTY FUND - INTENDS TO ADOPT A VARIABLE DIVIDEND PAYOUT RATIO GOING FORWARD AND WILL NO LONGER PAY OUT 100% OF DISTRIBUTABLE EARNINGS.  Full Article

S. Africa's Competition Tribunal Approved Merger Involving Vukile Property, Rebosis Property
Tuesday, 6 Aug 2019 

Aug 6 (Reuters) - S. Africa's Competition Tribunal::S. AFRICA'S COMPETITION TRIBUNAL- APPROVED MERGER INVOLVING VUKILE PROPERTY, REBOSIS PROPERTY FOR RENTAL ENTERPRISES COMPRISING 3 SHOPPING CENTRES.  Full Article

Vukile Property Acquires Three Shopping Centres From Rebosis Property Fund
Monday, 13 May 2019 

May 13 (Reuters) - Vukile Property Fund Ltd ::ACQUISITION OF THREE SHOPPING CENTRES.PURCHASE CONSIDERATION WILL BE SETTLED IN CASH.PURCHASE CONSIDERATION WILL BE AN AMOUNT DETERMINED BY APPLYING A YIELD OF 9.00% TO FORECAST NET PROPERTY INCOME.IF AGREED OR DETERMINED FORECAST NOI IS LESS THAN R155 MILLION MAY ELECT TO EITHER PURCHASE RENTAL ENTERPRISE FOR R1.72 BILLION.  Full Article

Vukile Announces Results Of Accelerated Bookbuild
Wednesday, 3 Apr 2019 

April 3 (Reuters) - Vukile Property Fund Ltd ::RESULTS OF ACCELERATED BOOKBUILD.HAS CLOSED ITS BOOKBUILD ANNOUNCED EARLIER.VUKILE HAS RAISED C. R700 MILLION BY ISSUANCE OF AN AGGREGATE OF 35 264 483 NEW SHARES AT R19.85 PER SHARE..VUKILE PROPERTY FUND LTD - JAVA CAPITAL ACTED AS SOLE BOOKRUNNER..  Full Article

Vukile Property To Increase Equity Targeted In Raising To 700 Mln Rand
Wednesday, 3 Apr 2019 

April 3 (Reuters) - Vukile Property Fund Ltd ::JSE: VKE - INCREASE IN AMOUNT OF EQUITY CAPITAL RAISING BY ACCELERATED BOOK BUILD.CONFIRMS THAT IT WILL INCREASE AMOUNT OF EQUITY TARGETED IN RAISING TO R700 MILLION .EQUITY RAISE IS BEING OFFERED TO QUALIFYING INVESTORS THROUGH AN ACCELERATED BOOK BUILD PROCESS.  Full Article

Vukile Property To Raise 400 Mln Rand
Wednesday, 3 Apr 2019 

April 3 (Reuters) - Vukile Property Fund Ltd ::JSE: VKE - ACCELERATED BOOKBUILD.VUKILE PROPERTY - PROPOSES AN EQUITY RAISE TARGETING APPROXIMATELY R400 MILLION THROUGH ISSUE OF NEW SHARES.VUKILE PROPERTY - PROCEEDS OF CAPITAL RAISE ARE TO BE DEPLOYED TO FUND ASSET MANAGEMENT OPPORTUNITIES WITHIN PORTFOLIO HELD VIA VUKILE'S SPANISH UNIT.VUKILE PROPERTY - EQUITY RAISE WILL BE IMPLEMENTED THROUGH AN ACCELERATED BOOK BUILD PROCESS.  Full Article

Vukile Property Says Edcon Stores In Co's Portfolio To Decrease By 11 By Aug. 1
Tuesday, 5 Mar 2019 

March 5 (Reuters) - Vukile Property Fund Ltd ::UPDATE ON EDCON RESTRUCTURE.VUKILE IS PARTICIPATING IN PROPOSED RECAPITALISATION AND RESTRUCTURING OF EDCON LIMITED.AGREED TO A R37 MILLION CAPITAL INVESTMENT IN EDCON IN EXCHANGE FOR EQUITY IN RETAILER.VUKILE EXPECTS COMPANY'S EXPOSURE TO EDCON TO ACCOUNT FOR ONLY 2.0% OF VUKILE'S GROUP RENTAL INCOME BY 1 AUGUST 2019.PARTICIPATION IN EDCON RESTRUCTURING WILL NOT IMPACT COMPANY'S DISTRIBUTION GUIDANCE FOR ITS FULL YEAR ENDING 31 MARCH 2019.NUMBER OF EDCON STORES IN CO'S PORTFOLIO SET TO DECREASE BY 11 TO 43 STORES BY 1 AUGUST 2019, WHICH WILL ALSO BE SMALLER ON AVERAGE.  Full Article

Vukile Property Fund reports NAV/Share 2,027 Cents As Of Sept 30
Thursday, 29 Nov 2018 

Nov 29 (Reuters) - Vukile Property Fund Ltd ::7.5 PCT INCREASE IN DIVIDENDS IN LINE WITH GUIDANCE TO 78.10 CENTS PER SHARE.NET ASSET VALUE PER SHARE 2 027 CENTS AS OF SEPT 30.  Full Article

BRIEF-Vukile Property Fund Posts FY HEPS of 116.92 Cents

* VUKILE PROPERTY FUND LTD - FY TOTAL REVENUE FOR PERIOD INCREASED FROM R2.8 BILLION AS AT 31 MARCH 2019 TO R3.4 BILLION