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Bidvest Group Ltd (BVTJ.J)

BVTJ.J on Johannesburg Stock Exchange

16,627.57ZAc
24 Mar 2017
Change (% chg)

-22.43 (-0.13%)
Prev Close
16,650.00
Open
16,339.00
Day's High
16,823.00
Day's Low
16,339.00
Volume
743,042
Avg. Vol
1,241,468
52-wk High
37,601.00
52-wk Low
11,000.00

Latest Key Developments (Source: Significant Developments)

Bidvest first-half HEPS rises 4.4 pct
Monday, 27 Feb 2017 12:05am EST 

The Bidvest Group Ltd : Unaudited results for the half-year ended Dec. 31, 2016 . HY HEPS increased by 4.4 pct to 510.3 cents . HY revenue up 4.1 pct to R36.0 billion . HY cash generated by operations up to R1.8 billion (H1 2016: R1.4 billion) .Interim dividend declared of 227 cents per share.  Full Article

Bidvest says trading satisfactory, looking for small acquisitions
Tuesday, 29 Nov 2016 07:00am EST 

Bidvest Group Ltd : Market conditions remain challenging . Trading results to date have been satisfactory if not exciting . Seven South African trading divisions have performed well in Q1 of financial year . Performance has been counteracted to an extent by declines in Horse Mackerel and Pilchard Yields as well as reduced fishing quotas at Bidvest Namibia . Group's financial position remains sound, cash generation continues to be strong . Bidvest freight division, services division and commercial products division have achieved good results . Financial services division is performing in line with expectations . Undertaken an impact analysis of implementation of minimum wage across its operations . Group wages are above these thresholds, implementation of current requirements will have a negligible financial impact on operations .Actively seeking bolt on acquisitions and exploring international opportunities, other assets and investments constantly being reviewed.  Full Article

S.Africa's Competition Tribunal approves Bidvest deal to buy Brandcorp
Wednesday, 31 Aug 2016 12:01pm EDT 

South Africa's Competition Tribunal : Approved Bidvest Group Ltd and Brandcorp Holdings (Pty) Ltd merger without conditions (((Bengaluru Newsroom +91 806 749 1136);)).  Full Article

SA's competition body says commission recommends approval of Bidvest deal
Tuesday, 30 Aug 2016 10:45am EDT 

South Africa's Competition Tribunal: Competition Commission has recommended Rebosis Property Fund Ltd and Billion Group (Pty) deal be approved without conditions . Competition Commission has recommended the unconditional approval of Bidvest Group Ltd Deal to buy Brandcorp Holdings Further company coverage: [BVTJ.J] (Bengaluru Newsroom: +91 806 749 1136).  Full Article

Bidvest full-year HEPS from cont ops rises 2.5 pct
Monday, 29 Aug 2016 01:07am EDT 

Bidvest Group Ltd : FY turnover up to R91.8 billion (2015: R88.6 billion) . FY trading profit up to R5.8 billion (2015: R5.6 billion) . FY headline earnings up to R3.5 billion (2015: R3.4 billion) . FY headline earnings per share (heps) from continuing operations increases by 2.5 pct to 1,054.1 cents . Final dividend declared of 232 cents per share .Ontime Automotive and DH Mansfield Group, both in the UK, remained loss making and will be addressed in 2017 financial year.  Full Article

SA's Competition Commission recommends Tribunal to approve Bidvest-Brandcorp merger
Wednesday, 17 Aug 2016 07:43am EDT 

South Africa's Competition Commission:Recommended to the Tribunal that merger whereby Bidvest intends to acquire Brandcorp be approved without conditions.  Full Article

Bidvest says acquires Brandcorp from Ethos Private Equity
Friday, 17 Jun 2016 01:05am EDT 

Bidvest Group Ltd : Acquisition of Brandcorp Holdings Proprietary Limited .Announces that it has entered into a binding agreement to acquire Brandcorp Holdings Proprietary Limited from Ethos Private Equity And Management.  Full Article

Bidvest announce results of the accelerated bookbuild
Wednesday, 15 Jun 2016 02:00am EDT 

Bidvest Group Ltd : Results of the accelerated bookbuild . 18,419,929 Bid Corp ordinary shares were placed with qualifying institutional investors at a price of zar235.00 per ordinary share .Book was substantially oversubscribed.  Full Article

Bid Corp bookrunner says books covered on shares placing
Tuesday, 14 Jun 2016 12:36pm EDT 

Bookrunner : Says Bid Corp books are covered on shares placing . Says orders below 235 ZAR risk missing the trade on Bid Corp shares placing . Says Bid Corpbooks will close at 18:00 UK time on shares placing Further company coverage: [BIDJ.J].  Full Article

Bidvest Group announces placing of 18.4 mln Bid Corp shares
Tuesday, 14 Jun 2016 11:01am EDT 

Bidvest Group Ltd : JSE: BVT - placement of Bid Corp ordinary shares .Up to 18.4 million Bid Corp ordinary shares will become available for sale to qualifying institutional investors through placing.  Full Article

More From Around the Web

Bidvest can tap $1 billion for acquisitions: CEO

JOHANNESBURG South African trading, services and distribution firm Bidvest has access to $1 billion for acquisitions, its chief executive said on Monday.