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MiX Telematics Ltd (MIXJ.J)

MIXJ.J on Johannesburg Stock Exchange

26 May 2017
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Latest Key Developments (Source: Significant Developments)

MiX Telematics says 270 mln rand buyback programme to start from May 29
Thursday, 25 May 2017 08:48am EDT 

May 25 (Reuters) - MiX Telematics Ltd ::Approved, on May 23, a share repurchase programme of up to R270 million under which co may repurchase its ordinary shares, including ADRs.Repurchase programme will extend from May 29, 2017 unless and until discontinued by board or date when R270 million limit is exhausted.  Full Article

Mix Telematics raises 2017 guidance for subscription revenue, profitability
Thursday, 2 Feb 2017 06:00am EST 

Mix Telematics Ltd : Mix Telematics announces financial results for third quarter of fiscal 2017 . Mix Telematics Ltd - Net subscriber additions of 20,300 in quarter .Mix Telematics Ltd - Company raises guidance for subscription revenue and profitability for full 2017 fiscal year which ends March 31, 2017.  Full Article

Mix Telematics names Paul Dell as interim CFO
Thursday, 2 Feb 2017 01:05am EST 

Mix Telematics Ltd :Appointed Paul Dell to board of directors as interim chief financial officer of MiX tTelematics, effective February 9, 2017.  Full Article

Mix Telematics says Q3 total revenue up 6 pct
Thursday, 2 Feb 2017 01:00am EST 

Mix Telematics Limited : Net subscriber additions of 20,300 in quarter . Subscribers increased by 10% year over year, bringing total to over 605,000 subscribers at december 31, 2016 . Total subscription revenue of r311 million ($22.6 million), ahead of guidance . Cash generated from operating activities of r97 million ($7.1 million) . Adjusted ebitda of r88 million ($6.4 million), representing a 22% adjusted ebitda margin . Operating profit of r48 million ($3.5 million), representing a 12% margin . Company raises guidance for subscription revenue and profitability for full 2017 fiscal year which ends march 31, 2017 . Total revenue was r401.4 million ($29.2 million), an increase of 6.0% compared to r378.6 million ($27.6 million) for q3 of fiscal 2016 . Profit for period was r35.1 million ($2.6 million), compared to r57.9 million ($4.2 million) in q3 of fiscal 2016 .Earnings per diluted ordinary share were 6 south african cents, compared to 8 south african cents in q3 of fiscal 2016.  Full Article

Mix Telematics says Robin Frew appointed chairman of board
Monday, 3 Oct 2016 09:00am EDT 

Mix Telematics Ltd : Robin Frew has been appointed chairman of board, effective Oct.3 2016 .Richard Bruyns, outgoing chairman, will remain on board.  Full Article

MiX Telematics Ltd to repurchase all of its shares currently held by Imperial Holdings Limited
Tuesday, 3 May 2016 11:20am EDT 

MiX Telematics Ltd:Mix Telematics announces intention to repurchase shares.Entered into an agreement to repurchase all of its shares currently held by imperial holdings limited.Has agreed to pay 2.36 south african rand per share for an aggregate repurchase consideration of 474 million south african rand."expect that this transaction will be earnings and value accretive for shareholders".  Full Article

Basic Energy Services Signs Five-Year Renewal With MiX Telematics Ltd for Fleet Management and Driver Safety
Monday, 28 Sep 2015 08:00am EDT 

MiX Telematics Ltd:Says Basic Energy Services has renewed its contract for fleet management and driver behavior solutions for the next five years.Basic Energy Services uses solutions from MiX Telematics to help improve driver safety and monitor performance of more than 4,000 vehicles.  Full Article

MiX Telematics announces share repurchase program
Monday, 14 Sep 2015 08:30am EDT 

MiX Telematics Ltd:MiX Telematics announces share repurchase program.Approved a share repurchase program under which the Company may repurchase up to 40 million ordinary shares through to March 15, 2016.  Full Article

MiX Telematics Ltd reaffirms FY 2016 guidance; gives Q2 2016 revenue
Thursday, 6 Aug 2015 06:00am EDT 

MiX Telematics Ltd:Says that it is maintains guidance for subscription revenue, total revenue and Adjusted EBITDA for FY 2016.Sees FY 2016 revenue of $120.0 million to $122.7 million.Sees FY 2016 subscription revenue $90.4 million to $92.0 million.Sees FY 2016 Adjusted EBITDA $24.1 million to $25.8 million.Sees FY 2016 Adjusted earnings per diluted ordinary share of ADS of 26 to 30 U.S. cents.Sees Q2 2016 revenue to be in the range $21.7 million to $22.1 million.  Full Article

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BRIEF-Mix telematics sees FY 2018 revenue growth between 6-7.9 pct

* FY net subscriber additions of over 55,800 bringing total to over 622,000 subscribers at march 31, 2017, an increase of 10 pct