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PPC Ltd (PPCJ.J)

PPCJ.J on Johannesburg Stock Exchange

679.00ZAc
23 Mar 2017
Change (% chg)

-14.00 (-2.02%)
Prev Close
693.00
Open
693.00
Day's High
693.00
Day's Low
670.00
Volume
3,277,039
Avg. Vol
3,041,244
52-wk High
1,031.12
52-wk Low
419.10

Latest Key Developments (Source: Significant Developments)

PPC says proposed merger with AfriSam may impact co shares
Monday, 13 Feb 2017 12:45am EST 

PPC Ltd : Cautionary announcement in relation to proposed merger of PPC and AfriSam Group Proprietary Limited . PPC and AfriSam have entered into a heads of terms to assess merits of a potential merger between two groups .Says discussions between PPC and AfriSam regarding proposed merger, if implemented, may have a material impact on price of company's shares.  Full Article

PPC Ltd says cement sales volume for 9 months up 4 pct for S.A
Thursday, 2 Feb 2017 09:30am EST 

PPC Ltd : Trading Update . After price increases in gauteng, inland regions in oct 2016, these areas have experienced high single digit declines in cement sales volumes . For nine month period to December 2016, PPC's overall cement sales volumes in South Africa increased by 4 pct . Average selling prices decreased by 4 pct for nine-month period .As at January 2017, overall project construction in democratic Republic of Congo is at 95 pct.  Full Article

PPC Ltd sees HEPS for 6 months ended Sept. 30 down 65-85 pct
Monday, 31 Oct 2016 06:00am EDT 

PPC Ltd : Trading statement . Headline earnings per share for six months ended Sept. 30 2016 is expected to be between 65 pct and 85 pct lower .Main contributor to decline relates to high financing costs for raising fee and related interest charges for 2 bln rand liquidity and guarantee facility.  Full Article

PPC says South African cement business volumes up 6 pct in first 5 months
Friday, 23 Sep 2016 08:00am EDT 

PPC Ltd : Progress with expansion projects in DRC, Ethiopia, Slurry progressing well with hot commissioning underway at Harare mill in Zimbabwe. . South African cement business has recorded volume growth of 6 pct, however selling prices declined 5 pct . Cement sales volumes in international business are up 8% .Overall margins remain under pressure despite good cost control.  Full Article

PPC says rights issue subscription price of 4 rand/shr
Wednesday, 24 Aug 2016 11:30am EDT 

PPC Ltd :Rights issue subscription price of 4.00 rand per offer share and in ratio of 160.06486 offer shares for every 100 PPC ordinary shares.  Full Article

PPC Ltd says HY HEPS of 52 cents
Wednesday, 24 Aug 2016 10:50am EDT 

PPC Ltd : Diluted HY HEPS 52 cents versus 59 cents year ago .HY revenue 4.50 bln rand versus 4.54 bln rand year ago.  Full Article

PPC enters into standby underwriting deal on 4 bln Rand rights offer
Monday, 27 Jun 2016 02:38am EDT 

PPC Ltd : Advises that it has entered into a standby underwriting agreement in relation to underwriting its proposed rights offer of 4 bln rand . Mandated a syndicate of banks comprising Standard Bank of South Africa, Nedbank, Absa Bank, Rand Merchant Bank, a unit of FirstRand .Joint bookrunners have provided a standby underwriting commitment of 4 bln rand in relation to proposed rights offer.  Full Article

PPC six-month HEPS falls 12 pct
Tuesday, 14 Jun 2016 01:27am EDT 

PPC Ltd : For six months ended March 31, earnings per share up 35 pct to 70 cents including sale of non-core assets . Group revenue for six months ended March 31 of R4.5 billion - down 1 pct . Six-Month HEPS fell 12 pct to 53 cents (2015: 60 cents) due to weaker trading conditions as well as higher finance costs and depreciation .No dividend is declared.  Full Article

PPC Ltd says intends to raise between 3-4 billion rand via rights issue
Tuesday, 31 May 2016 03:03am EDT 

PPC Ltd : Sees basic heps for six month period to 31 March 2016 between 10% and 20% lower than basic heps of 60 cents year ago . Debt levels, including non-recourse debt, are anticipated to peak at between 10 billion rand and 12 billion rand in financial year 2017 . Main contributors to expected increase are exceptional items relating to disposal of assets that realised profit before tax of 100 million rand . Intends to raise between 3 billion rand and 4 billion rand in gross proceeds through a rights issue .S&P cut company's long- and short-term South African national scale corporate credit ratings to zabb-/zab from zaa/zaa-2 respectively.  Full Article

PPC says in advanced stages of preparation to execute capital raise
Monday, 23 May 2016 01:40am EDT 

Ppc Ltd : Is in advanced stages of preparation to execute a capital raise, proceeds from which will be used to reduce current debt levels . Intended quantum of proposed capital raise will be not less than 3.0 bln rand and not more than 4.0 bln rand .Expects to release an announcement setting out key terms of capital raise when it releases its 2016 financial year end results on June 14 2016..  Full Article

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