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JB Hi-Fi Ltd (JBH.AX)

JBH.AX on Australia Stock Exchange

23.12AUD
26 May 2017
Change (% chg)

$0.73 (+3.26%)
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Latest Key Developments (Source: Significant Developments)

JB Hi-Fi says Michael Ford resigns as CEO of The Good Guys
Wednesday, 5 Apr 2017 07:15pm EDT 

Jb Hi-fi Ltd : Michael Ford has resigned from his position as CEO of The Good Guys . Terry Smart will rejoin group as CEO of Good Guys on 18 April 2017 . Terry is former CEO of JB Hi-Fi having held that position from May 2010 to june 2014 following 10 years as chief operating officer . For JB Hi-Fi business comparable sales growth for March quarter was 8.2 pct and total sales growth was 10.8 pct . JB Hi-Fi reaffirms guidance given on 13 February 2017 that in FY17 company expects total group sales to be circa $5.58 billion .For Good Guys business comparable sales growth for March quarter was 1.2 pct and total sales growth was 2.6 pct.  Full Article

JB Hi Fi clarifies on media speculation regarding acquisition of Good Guys
Monday, 5 Sep 2016 06:22pm EDT 

JB Hi-Fi Ltd : Notes ongoing speculation in the press that JB Hi Fi may be considering an acquisition of the Good Guys . Remains in the sale process and continues discussions with the Good Guys in regard to a potential acquisition . JB Hi Fi has made no decision and nor has it entered into any agreement with respect to an acquisition of the Good Guys .  Full Article

JB Hi Fi announces share buy back
Sunday, 14 Aug 2016 06:41pm EDT 

JB Hi-Fi Ltd : Announced intention to undertake an on-market share buy-back of up to 429,371 ordinary shares . Buy-back is intended to offset dilutionary impact of shares likely to be issued pursuant to exercise of employee share options . Cash cost would be circa $11.8 million .  Full Article

JB Hi-Fi says FY net profit is $152.2 mln vs $136.5 mln
Sunday, 14 Aug 2016 06:34pm EDT 

JB Hi-Fi Ltd : FY revenue from ordinary activities up 8.28% to $3.95 billion . Says FY net profit attributable to members of JB Hi Fi Limited $ 152.2 million versus $136.5 million . Group expects total sales in FY 2017 to be Circa $4.25 billion . Group expects to open seven new stores in FY 2017 . Says final dividend of 37 cents per share declared .  Full Article

ACCC will not oppose JB Hi Fi's acquisition of Good Guys
Wednesday, 10 Aug 2016 07:03pm EDT 

Australian Competition and Consumer Commission: Will not oppose JB Hi Fi Limited's proposed acquisition of the Good Guys Discount Warehouses . Concluded that JB Hi Fi and the good guys generally focus on different product categories and customers . Found that post-acquisition, customers would have range of alternative retailers of home appliances and consumer electronics . Did not consider that acquisition would substantially lessen competition in any market . Considered the potential for the JB Hi Fi home stores to become a larger player in non-electronics in the future .  Full Article

JB Hi Fi comments on speculation in press that co may be considering acquisition of The Good Guys
Wednesday, 18 May 2016 07:22pm EDT 

JB Hi-Fi Ltd : Notes speculation in the press today that JB Hi Fi may be considering an acquisition of the good guys. . Confirms that it is in preliminary discussions with the good guys in relation to a proposed sale of the good guys . Discussions between JB Hi Fi and the good guys are preliminary and exploratory in nature . JB Hi Fi has made no decision and nor has it entered into any agreement with respect to the acquisition of the Good Guys . "Would only pursue an acquisition if it made compelling financial sense for our shareholders" . Says Good Guys are looking at a range of options including an IPO on the asx. .  Full Article

JB Hi-Fi recommended interim dividend
Sunday, 7 Feb 2016 04:28pm EST 

JB Hi-Fi:Recommended the payment of an interim dividend of 63.0 cents per share.  Full Article

UBS Group AG and its related corporate bodies ceases to become a substantial holder of JB Hi-Fi Ltd
Wednesday, 1 Jul 2015 06:24pm EDT 

JB Hi-Fi Ltd:Says UBS Group AG and its related corporate bodies ceases to become a substantial holder of the company.  Full Article

UBS Group AG and related bodies corporate ceases to be substantial holder of JB HI-FI Limited
Thursday, 25 Jun 2015 05:11am EDT 

JB HI-FI Limited:Says that UBS Group AG and related bodies corporate ceases to be substantial holder of the company effective June 23.  Full Article

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BRIEF-JB Hi-Fi updates on FY17 guidance

* "trading from December onwards has improved and this is expected to continue for remainder of second half."