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Group Five Ltd (GRFJ.J)

GRFJ.J on Johannesburg Stock Exchange

1,560.00ZAc
26 Apr 2017
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Latest Key Developments (Source: Significant Developments)

Group Five Limited names Themba Mosai as interim CEO
Wednesday, 1 Mar 2017 10:19am EST 

Group Five Limited : Themba Mosai, has been appointed as group's interim ceo .Group five - board has initiated processes for appointment of a permanent ceo which include assessment of both internal and external potential candidates.  Full Article

Group Five reports HY headline loss of 310 cents/shr
Wednesday, 22 Feb 2017 01:00am EST 

Group Five Ltd : Unaudited interim results of six months ended Dec. 31 2016 . Group performance for first six months of 2017 was materially below expectations . HY trading was a loss compared to a profit of prior comparable period . Headline earnings per share (HEPS) decreased from a profit of 131 cents per share in H1 2016 to a loss of 310 cents in HY period . Diluted HEPS decreasing from a profit of 131 cents per share in H1 f2016 to a loss of 309 cents per share for HY . Group HY revenue decreased by 19.7 pct from 7.3 bln rand to 5.8 bln rand as a result of decreased revenue from engineering & construction unit . Group's HY core operating profit decreased from r315,1 million profit to a loss of r337,6 million . Dividend for HY period of 14 cents per share (H1 f2016: 42 cents) . Overall group reported order book at December 2016 stands at r15,7 billion (June 2016: r17,3 billion and December 2015: r17,6 billion) . Group has r6,1 billion (June 2016: r6,1 billion and December 2015: r5,8 billion) in secured operations and maintenance contracts. . Eric Vemer, current CEO, will be leaving company in next few weeks .CEO, board will be working towards transitional arrangements which will result in eventual identification of suitable replacement.  Full Article

Group Five raises stake in M6 Mecsek by 10 pct for 125.16 mln rand
Thursday, 9 Feb 2017 06:35am EST 

Group Five Ltd : Says acquisition of additional equity position in M6 mecsek concession . Says Group Five has elected to on-sell to AIF 49.99 pct of acquisition stake in M6 Mecsek to be acquired by company from M6 Mecsek co-shareholder . Says following implementation of transaction, group five and AIF will jointly hold additional 10 pct stake in M6 MECSEK (50.01 pct and 49.99 pct respectively) . Says transaction serves to strengthen strategic alliance between Group Five and AIF by adding additional scale to JV . Group Five has exercised its pre-emptive right to buy further 10 pct stake in M6 MECSEK concession for a cash consideration of 125.16 mln rand . Says following this acquisition, Group Five will on-sell a 49.99 pct interest in this stake to AIF for a disposal consideration of 4.35 mln euros or 62.57 mln rand . Says net acquisition consideration payable by company of 4.35 mln euros or 62.59 mln rand .Says effective date of transaction is expected to be April 28 2017..  Full Article

Group Five sees headline loss for six months to Dec.31 of between 300-320cs/shr
Thursday, 9 Feb 2017 06:35am EST 

Group Five Limited :For six months to Dec. 31, sees fully diluted HEPS and heps to be a loss of between 300 cents per share and 320 cents per share.  Full Article

Group Five sees HLPS of at least 170 cents for 6-months to Dec
Wednesday, 14 Dec 2016 07:20am EST 

Group Five Ltd : Expects profits from underlying e&c operations to be considerably below margin guidance provided for this cluster in august 2016. . Will report a loss per share and headline loss per share of at least 170 cents per share for six months to december 2016 .Will report a loss per share and headline loss per share of at least 170 cents per share for six months to december 2016.  Full Article

Group Five says Aberdeen Infrastructure to buy stake in JV
Monday, 5 Dec 2016 01:30am EST 

Group Five Ltd : Strategic equity partnership with global infrastructure leader, Aberdeen . Aberdeen Infrastructure Funds will buy 49.99 pct stake Intertoll Europe's underlying public-private-partnership project investment portfolio . Total cash consideration of approximately 43.0 mln euros or 633.2 mln rand .Following implementation of transaction, Group Five will hold 50.01 pct of Seed Assets and AIF will hold remaining 49.99 pct.  Full Article

Group five says full year revenue down 1 pct to 13.8 bln rand
Monday, 15 Aug 2016 02:01am EDT 

Group Five Ltd : Audited group results for year ended 30 June 2016 . Fy revenue at 13,8 billion rand down 1 pct . Fy operating profit at 722 million rand up 97 pct . Fy fully diluted heps (FDHEPS) of 335 cents per share an increase of 64.2 pct compared to heps and fdheps of 205 cents and 204 cents per share respectively for f2015. . Dividend policy remains unchanged, based on medium term business outlook and availability of liquid resources. . Says fy r3,3 billion down 4pct from june 2015 . Fy headline earnings per share (heps) of 335 cents represents an increase of 63.6pct . Says fy net asset value r35.02 per share up 21pct from june 2015 .Group's core operating profit increased by 111.4pct from r348,4 million to r736,5 million, mainly as a result of stronger fair.  Full Article

BRIEF-Group Five sees full-year HEPS between 60 pct-70 pct higher
Monday, 1 Aug 2016 02:24am EDT 

Corrects headline to say full-year HEPS, not six-month HEPS.year HEPS, not six-month HEPS) Aug 1 (Reuters) - Group Five Ltd :Sees HEPS for the year ended June 30 to be between 60 pct-70 pct higher (328 to 349 cents per share).  Full Article

Group Five sees FY HEPS more than 20 pct higher
Tuesday, 7 Jun 2016 04:07am EDT 

Group Five Ltd : Trading statement . Expects EPS and HEPS for year ended 30 June 2016 to increase by more than 20 pct .Increase mainly due to larger than usual fair value upwards adjustments on its service concessions based in Eastern Europe.  Full Article

Group Five Ltd declares dividend
Monday, 17 Aug 2015 02:00am EDT 

Group Five Ltd:Says dividend for this period of 25 cents per share has been declared.Says the full year dividend for the year is 55 cents.The record date is Sept. 25.The payment date is Sept. 28.  Full Article

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BRIEF-Group Five raises stake in M6 Mecsek by 10 pct for 125.16 mln rand

* Says acquisition of additional equity position in M6 mecsek concession