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India

Vukile Property Fund Ltd (VKEJ.J)

VKEJ.J on Johannesburg Stock Exchange

869.00ZAc
14 Jul 2020
Change (% chg)

-11.00 (-1.25%)
Prev Close
880.00
Open
859.00
Day's High
903.00
Day's Low
855.00
Volume
1,501,044
Avg. Vol
3,483,207
52-wk High
2,153.00
52-wk Low
464.00

Latest Key Developments (Source: Significant Developments)

Vukile Property Fund Says Encha Properties Was In Breach Of Some Security Covenants In Terms Of Financing And Security Agreements
Tuesday, 12 May 2020 

May 12 (Reuters) - Vukile Property Fund Ltd ::VUKILE PROPERTY FUND - ENCHA PROPERTIES WAS IN BREACH OF CERTAIN SECURITY COVENANTS IN TERMS OF FINANCING AND SECURITY AGREEMENTS.VUKILE PROPERTY FUND LTD - INVESTEC HAS AGREED TO REDUCE ITS SECURITY COVENANT REQUIREMENTS.VUKILE PROPERTY - ENCHA PROPERTIES AGREEING TO AFFORD INVESTEC 40% PARTICIPATORY INTEREST IN PROFITS DERIVED BY IT IN RESPECT OF ITS CO'S SHAREHOLDING.  Full Article

Vukile Property Fund To Reconsider Distribution Policy Due To Coronavirus
Wednesday, 1 Apr 2020 

April 1 (Reuters) - Vukile Property Fund Ltd ::TRADING UPDATE AND WITHDRAWAL OF DIVIDEND GUIDANCE.FY DISTRIBUTABLE EARNINGS PER SHARE EXPECTED TO REMAIN WITHIN GUIDANCE OF 3% TO 5% GROWTH COMPARED TO PRIOR YEAR.WILL RECONSIDER ITS DISTRIBUTION POLICY, WHICH IS CURRENTLY TO PAY OUT 100% OF DISTRIBUTABLE EARNINGS BY WAY OF A DIVIDEND.TO MAINTAIN MAXIMUM OPERATIONAL, FINANCIAL FLEXIBILITY, DIVIDEND PER SHARE GUIDANCE FOR YEAR ENDED 31 MARCH 2020 IS WITHDRAWN.  Full Article

Vukile Property Fund Reaffirms FY Guidance For Growth In Dividends Of Between 3% To 5%
Monday, 2 Dec 2019 

Dec 2 (Reuters) - Vukile Property Fund Ltd ::JSE: VKE - VKE13 - CONDENSED UNAUDITED INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2019.VUKILE PROPERTY FUND LTD - HY LIKE-FOR-LIKE GROWTH IN NET INCOME OF 6.1%.VUKILE PROPERTY FUND LTD - REAFFIRMS GUIDANCE FOR GROWTH IN DIVIDENDS OF BETWEEN 3% TO 5% FOR FULL YEAR.VUKILE PROPERTY FUND LTD - HY TOTAL REVENUE FOR PERIOD INCREASED FROM R1.2 BILLION TO R1.8 BILLION..VUKILE PROPERTY FUND LTD - HEADLINE EARNINGS PER SHARE AMOUNTED TO 82.99 CENTS PER SHARE IN HY.VUKILE PROPERTY FUND LTD - EXPECT CURRENT CHALLENGING CONDITIONS TO LAST INTO NEXT REPORTING PERIOD.VUKILE PROPERTY FUND LTD - EXPECT PORTFOLIO'S FULL YEAR LIKE-FOR-LIKE GROWTH TO BE IN LINE WITH FIRST HALF OF YEAR.VUKILE PROPERTY FUND LTD - FURTHER PRESSURE ON ESCALATIONS AND LEASE DURATION WILL MOST LIKELY PERSIST.VUKILE PROPERTY FUND LTD - FINAL DISTRIBUTION OF 80.83610 CENTS PER SHARE FOR SIX MONTHS ENDED 30 SEPTEMBER 2019.  Full Article

Vukile Property Announces Disposal Of Remaining Non-Retail Property Assets For R700 Mln
Thursday, 28 Nov 2019 

Nov 28 (Reuters) - Vukile Property Fund Ltd ::DISPOSAL OF REMAINING NON-RETAIL PROPERTY ASSETS.PROPOSED DEAL FOR R700 MILLION.BALANCE OF PURCHASE CONSIDERATION OF R100 MILLION WILL BE FUNDED BY WAY OF A MBAKO CASH EQUITY CONTRIBUTION.MBAKO HAS SOURCED DEBT FUNDING FROM RAND MERCHANT BANK OF R600 MILLION WHICH WILL BE IN FORM OF A FOUR-YEAR TERM LOAN FOR DEAL.R125 OF DEBT FUNDING WILL BE GUARANTEED BY CO.  Full Article

Vukile Property Fund Announces Asset Management JV With AIH, To Sell Non-Retail Property Assets To Mbako Property Fund
Thursday, 28 Nov 2019 

Nov 28 (Reuters) - Vukile Property Fund Ltd ::NEW ASSET MANAGEMENT JV WITH AIH AND SELLING NON-RETAIL PROPERTY ASSETS TO MBAKO PROPERTY FUND.MANAGEMENT CO HAS BEEN FORMED BY AIH (70%) AND VUKILE (30%) FOR ASSET MANAGEMENT OF MBAKO AND POTENTIALLY OTHER ASSETS.  Full Article

Rebosis Property Fund Says Sale Price Paid By Vukile To Co On Transfer Date Was R516.5 Mln
Wednesday, 27 Nov 2019 

Nov 27 (Reuters) - Rebosis Property Fund Ltd ::SALE PRICE PAID BY VUKILE TO CO ON TRANSFER DATE WAS R516.5 MILLION.  Full Article

Rebosis Sells Mdantsane City Shopping Centre To Vukile
Monday, 9 Sep 2019 

Sept 9 (Reuters) - Rebosis Property Fund Ltd ::UPDATE ON DISPOSAL OF MDANTSANE CITY SHOPPING CENTRE.VUKILE AND REBOSIS CONCLUDED FORMAL AGREEMENT TO EFFECT MDANTSANE DISPOSAL.MAXIMUM DISPOSAL CONSIDERATION AS AGREED BETWEEN REBOSIS AND VUKILE IS R556.372 MILLION.  Full Article

Vukile Says Unit Completes Acquisition Of Puerta Europa Shopping Centre​
Thursday, 1 Aug 2019 

Aug 1 (Reuters) - Vukile Property Fund Ltd ::JSE: VKE - CASTELLANA ACQUISITION OF PUERTA EUROPA SHOPPING CENTRE.VUKILE PROPERTY FUND LTD - PROPOSED DEAL FOR EUR 56.8 MILLION.VUKILE PROPERTY - UNIT CASTELLANA PROPERTIES SOCIMI S.A. COMPLETED ACQUISITION OF PUERTA EUROPA SHOPPING CENTRE FROM IONIA INVEST S.L..VUKILE PROPERTY - DEAL COSTS TO BE SETTLED THROUGH COMBINATION BANK FUNDING SECURED BY CASTELLANA, EQUITY PROVIDED BY CO FROM EXISTING RESOURCES.  Full Article

Vukile Property Fund Appoints Laurence Cohen As CFO Designate
Monday, 18 Feb 2019 

Feb 18 (Reuters) - Vukile Property Fund Ltd ::PROPOSED MANAGEMENT AND BOARD CHANGES.MICHAEL POTTS WILL RETIRE AS FINANCIAL DIRECTOR ON 30 JUNE 2019.RECEIVED FORM COMPANY HAS RECEIVED FORMAL RETIREMENT NOTIFICATION OF MICHAEL POTTS, FINANCIAL DIRECTOR OF VUKILE.APPPOINTS LAURENCE COHEN AS CFO DESIGNATE WITH EFFECT FROM 1 MARCH 2019.COHEN WILL BECOME CFO AND JOIN VUKILE BOARD AS A DIRECTOR ON 1 JULY 2019, FOLLOWING POTTS RETIREMENT.  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