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Torre Industries Ltd (TORJ.J)

TORJ.J on Johannesburg Stock Exchange

139.00ZAc
26 May 2017
Change (% chg)

0.00 (+0.00%)
Prev Close
139.00
Open
138.00
Day's High
139.00
Day's Low
138.00
Volume
350,606
Avg. Vol
82,080
52-wk High
280.00
52-wk Low
118.00

Latest Key Developments (Source: Significant Developments)

Torre Industries concludes deal to acquire Top Class Automotive
Thursday, 18 May 2017 03:15am EDT 

May 18 (Reuters) - Torre Industries Ltd ::Has concluded an agreement, via its Torre Parts and Components business unit, to acquire Top Class Automotive Ltd.Acquisition is effective May 1.  Full Article

Torre Industries reports HY HEPS of 3.63 cents
Tuesday, 28 Feb 2017 02:49am EST 

Torre Industries Ltd : Six-Month revenue 802 million rand versus 859 million rand year ago . Cautiously optimistic that improvements seen in first half of financial year will continue in second half of year . Board has decided not to declare a dividend for six months ended 31 december 2016 . Trading conditions remain tough . Torre industries - cost cutting initiatives have been implemented throughout group and are expected to start bearing fruits over next 12 to 24 months .HY headline earnings per share 3.63 cents versus 14.97 cents last year.  Full Article

Torre Industries sees six-month HEPS down 72 pct-79 pct
Monday, 6 Feb 2017 09:00am EST 

Torre Industries Ltd : Sees six-month HEPS lower than last year due to prior period earnings including once off benefits . Sees six-month HEPS 4.25 cents to 3.25 cents (72 pct to 79 pct down) versus HEPS 15.12 cents last year .Current period earnings will be adversely affected following once-off restructuring and relocation costs..  Full Article

Torre Industries says to sell 55 pct stake in Kanu Equipment Ltd
Tuesday, 22 Nov 2016 04:03am EST 

Torre Industries Ltd : Disposal of Torre's 55 pct interest in Kanu Equipment Limited .Total proceeds payable to Torre to $30.9 mln.  Full Article

Stellar Capital Partners updates on Torre offer
Thursday, 13 Oct 2016 04:18am EDT 

Stellar Capital Partners Ltd : Stellar Capital mandatory offer to Torre shareholders: cash payment applicable to fractional entitlements . Advised that basis applicable in determining cash payment for fractional entitlement is 118 cents .Assumes that Torre shareholder holds 125 Torre shares at business close Oct 14 and chosen to accept offer for all his shareholding.  Full Article

Torre Industries full-year normalised HEPS down 31 pct
Wednesday, 31 Aug 2016 10:45am EDT 

Torre Industries Ltd : Fy revenue up 52 pct to 2 billion rand . FY normalised HEPS down 31 pct to 21.40 cents . FY normalised headline earnings stable at 110 million rand . Final cash dividend of 2 cents per share and full year dividend of 5.5 cents per share .As at June 30, 2016, group had undrawn available credit facilities of 365 mln rand.  Full Article

Torre Industries appoints Johan Botes as CEO
Friday, 26 Aug 2016 09:31am EDT 

Torre Industries Ltd : Charles Pettit stepped down as chief executive officer earlier today and has taken up newly created position of executive deputy chairman . Roy Midlane has agreed to resign as chief financial officer with immediate effect . Johan Botes (currently group chief operating officer) has been appointed as chief executive officer of torre with immediate effect . Midlane will remain on board as a non- executive director until conclusion of mandatory offer process by Stellar Capital Partners .Shivan Mansingh (currently group financial manager) has been appointed as chief financial officer with immediate effect.  Full Article

Torre Industries sees FY HEPS between 36 pct-45 pct lower
Friday, 26 Aug 2016 09:30am EDT 

Torre Industries Ltd : FY HEPS are expected to be within same range as previously reported being between 16.5 cents and 19.5 cents (36 pct and 45 pct lower) .Sees FY normalised HEPS between 20.5 cents and 22.5 cents being between 27 pct and 34 pct lower).  Full Article

Stellar Capital says seeks posting date extension on Torre deal
Thursday, 21 Jul 2016 10:30am EDT 

Stellar Capital Partners Limited :Stellar and Torre applied to takeover regulation panel for extension of posting date in respect of combined offer circular, from July 22 to July 29.  Full Article

Torre Industries sees FY HEPS between 16.5 and 19.5 cents
Wednesday, 8 Jun 2016 11:00am EDT 

Torre Industries Ltd : FY HEPS are expected to be between 16.5 cents and 19.5 cents .FY EPS are expected to be between 15.5 cents and 18.5 cents.  Full Article

More From Around the Web

BRIEF-Torre Industries concludes deal to acquire Top Class Automotive

* Has concluded an agreement, via its Torre Parts and Components business unit, to acquire Top Class Automotive Ltd

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