Edition:
United States

Group Five Ltd (GRFJ.J)

GRFJ.J on Johannesburg Stock Exchange

1,070.00ZAc
20 Oct 2017
Change (% chg)

-180.00 (-14.40%)
Prev Close
1,250.00
Open
1,250.00
Day's High
1,258.00
Day's Low
1,070.00
Volume
188,501
Avg. Vol
125,634
52-wk High
2,861.00
52-wk Low
750.00

Latest Key Developments (Source: Significant Developments)

Group Five says Greenbay offers to buy co's european assets, businesses
Monday, 16 Oct 2017 01:05am EDT 

Oct 16 (Reuters) - Group Five Ltd ::‍FIRM INTENTION OFFER BY GREENBAY TO ACQUIRE GROUP FIVE'S EUROPEAN ASSETS AND BUSINESSES AND CAUTIONARY ANNOUNCEMENT​.OFFER ‍FOR AN AGGREGATED CASH CONSIDERATION OF R1.6 BILLION.  Full Article

Group Five announces strategy and expressions of interest update
Friday, 6 Oct 2017 06:02am EDT 

Oct 6 (Reuters) - GROUP FIVE LTD ::‍FORMULATED A REVISED STRATEGY AND OPTIMAL GROUP STRUCTURE WHICH RECEIVED IN-PRINCIPLE APPROVAL FROM BOARD ON 4 OCTOBER 2017​.‍CONFIRMS THAT IT HAS RECEIVED A NUMBER OF EXPRESSIONS OF INTEREST FROM CREDIBLE PARTIES, AND CONTINUES TO RECEIVE NEW EXPRESSIONS OF INTEREST​.‍BOARD AND MANAGEMENT WILL FINALISE AND COMMUNICATE AGREED WAY FORWARD DURING COURSE OF OCTOBER 2017​.‍BOARD IS CURRENTLY NOT IN POSSESSION OF A FIRM INTENTION OFFER​.  Full Article

Group five says FY revenue 10.8 bln rand versus 13.8 bln rand
Tuesday, 22 Aug 2017 02:00am EDT 

Aug 22 (Reuters) - GROUP FIVE LTD :FY LOSS BEFORE TAXATION OF 619.19 MILLION RAND VERSUS PROFIT OF 734.73 MILLION RAND.FY REVENUE 10.8 BILLION RAND VERSUS 13.8 BILLION RAND.HEPS AND FULLY DILUTED HEPS DECREASED FROM A PROFIT OF 335 CENTS PER SHARE IN FY2016 TO A LOSS OF 853 CENTS IN FY2017.NEW BOARD HAS MADE DECISION TO NOT DECLARE A DIVIDEND AT YEAR END.RESULTS WERE IMPACTED BY A NUMBER OF ISSUES ADDITIONAL RETRENCHMENT COSTS OF R40.5 MILLION IN YEAR.  Full Article

Group Five ltd sees FY fully diluted HEPS and HEPS to be loss of between 800 cents and 870 cents per share
Monday, 14 Aug 2017 10:12am EDT 

Aug 14 (Reuters) - GROUP FIVE LTD ::SEES FY FULLY DILUTED HEPS AND HEPS TO BE A LOSS OF BETWEEN 800 CENTS PER SHARE AND 870 CENTS PER SHARE.SEES FY FULLY DILUTED EPS AND EPS TO BE TO BE A LOSS OF BETWEEN 780 CENTS PER SHARE AND 850 CENTS PER SHARE.  Full Article

Group Five sees FY headline loss per share of at least 590 cents
Monday, 24 Jul 2017 02:45am EDT 

July 24 (Reuters) - GROUP FIVE LTD ::WILL REPORT A LOSS PER SHARE AND HEADLINE LOSS PER SHARE OF AT LEAST 590 CENTS FOR YEAR ENDED 30 JUNE 2017.  Full Article

Group Five schedules EGM, withdraws cautionary announcement
Friday, 9 Jun 2017 10:18am EDT 

June 9 (Reuters) - Group Five Ltd ::Board of directors wishes to provide an update on request from a major shareholder to call an extraordinary general meeting​.‍Has been notified by its shareholder, Allan Gray, that it seeks to call an extraordinary general meeting to reconstitute board​.‍engagements with Allan Gray in an attempt to address its concerns have unfortunately been unsuccessful​.Shareholders are accordingly advised that they no longer need to exercise caution when dealing in company's securities.‍Advises that an EGM of shareholders has been scheduled for Monday, 24 July 2017​.‍Relevant notice of EGM and form of proxy for voting will be issued by no later than Friday, 23 June 2017​.  Full Article

Group five says has not received bona fide offer
Monday, 29 May 2017 04:18am EDT 

May 29 (Reuters) - Group Five Ltd ::Is receiving a number of enquiries and correspondences regarding equity-based transactions at both group and subsidiary company level.Enquiries and correspondences will be reviewed by board, mergers and acquisitions sub-committee and independent advisors.Is not currently in possession of a bona fide offer, of a binding or non-binding nature, for any assets of group.Board will communicate to shareholders should it receive a bona fide offer..Group continues to make progress in implementation of restructure of engineering & construction businees cluster.To date, business units comprising this cluster have been streamlined from 11 to 4 which has resulted in a 13% (149) reduction of salaried employees.  Full Article

Group Five appoints Themba Mosai as group CEO
Tuesday, 23 May 2017 09:25am EDT 

May 23 (Reuters) - Group Five Ltd ::Announce Themba Mosai's appointment to board as group chief executive officer.Also announces Kushil Maharaj's appointment as group executive committee (exco) member of investments & concessions with immediate effect.  Full Article

Group Five says to include job cuts impact in H2 results
Wednesday, 3 May 2017 03:34am EDT 

May 3 (Reuters) - Group Five Ltd ::E&C Cluster has now been split into Construction: South Africa, Construction: Rest of Africa and Engineer, Procure and Construct sector businesses.Process led to implementation of voluntary and forced retrenchments that are set to conclude at end of June.Main objective of these changes is to right size business in line with current market conditions.Impact of retrenchments will be included within H2 F2017 results.  Full Article

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

BRIEF-Group Five updates on offer by Greenbay Properties

* CONSTITUTED INDEPENDENT BOARD , WHICH IS REQUIRED TO APPOINT INDEPENDENT EXPERT, TO PROVIDE FAIR AND REASONABLE OPINION ON OFFER​