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Wescoal Holdings Ltd (WSLJ.J)

WSLJ.J on Johannesburg Stock Exchange

235.00ZAc
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235.00
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Avg. Vol
226,590
52-wk High
270.00
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123.00

Latest Key Developments (Source: Significant Developments)

Keaton Energy reports headline loss of 9.10 cents after BEE deal
Thursday, 23 Feb 2017 03:00am EST 

Keaton Energy Holdings Ltd :Diluted headline loss per Wescoal share 0f 9.10 cents versus HEPS before bee deal of 27.81 cents.  Full Article

BRIEF-Keaton Energy says Wescoal made 525.59 mln rand offer for co
Thursday, 2 Feb 2017 10:31am EST 

Keaton Energy Holdings Ltd : Firm intention offer by Wescoal to acquire all issued shares of Keaton Energy . Wescoal has made an offer to Keaton Energy to acquire 100 pct of issued ordinary share capital of Keaton Energy . Consideration payable by Wescoal to Keaton will be 1.80 rand per Keaton Energy share, representing approximately 525.59 mln rand . Consideration will be settled partly in cash representing approximately 350.39 mln rand and remainder will be settled in Wescoal shares . Says share component will be settled by Wescoal in ratio of 0.30 Wescoal shares for every 1.00 Keaton Energy share . Wescoal has sufficient authorised but unissued Wescoal shares to settle share component . On completion of scheme, Keaton Energy will become a wholly- owned subsidiary of Wescoal .Cash component will be funded by Wescoal by a combination of cash , debt and cash raised by Wescoal through its BEE transaction in December 2016.  Full Article

Keaton Energy says Wescoal made 525.59 mln offer for co
Thursday, 2 Feb 2017 10:31am EST 

Keaton Energy Holdings Ltd : Firm intention offer by Wescoal to acquire all issued shares of Keaton Energy . Wescoal has made an offer to Keaton Energy to acquire 100 pct of issued ordinary share capital of Keaton Energy . Consideration payable by Wescoal to Keaton will be 1.80 rand per Keaton Energy share, representing approximately 525.59 mln rand . Consideration will be settled partly in cash representing approximately 350.39 mln rand and remainder will be settled in Wescoal shares . Says share component will be settled by Wescoal in ratio of 0.30 Wescoal shares for every 1.00 Keaton Energy share . Wescoal has sufficient authorised but unissued Wescoal shares to settle share component . On completion of scheme, Keaton Energy will become a wholly- owned subsidiary of Wescoal .Cash component will be funded by Wescoal by a combination of cash , debt and cash raised by Wescoal through its BEE transaction in December 2016.  Full Article

Wescoal says continues to perform in line with expectations
Thursday, 12 Jan 2017 06:05am EST 

Wescoal Holdings Ltd : Operationally, Wescoal continues to perform in line with expectations, consistent with achievements during first half of fy17 . Financial year to date rom production is approximately 2.4 million tons .Total sales in trading division are in line with that of prior years and business continues to carefully manage credit risk..  Full Article

Wescoal Holdings six-month HEPS jumps 445 pct
Tuesday, 1 Nov 2016 01:30am EDT 

Wescoal Holdings Ltd : Unaudited condensed consolidated interim results for the six months ended Sept. 30, 2016 . Six-month revenue increased by 37.1 pct or R281.3 million to r1 039.4 million (2015: R758.1 million) . Six-month HEPS increased 445 pct to 27.8 cents (2015: 5.1 cents) . EBITDA is up 254 pct to R139.3 million for six months ended Sept. 30, 2016 (2015: r39.4 million) . Final dividend of R10 million for year ended March 31, 2016 . Special dividend of R10 million was declared during September 2016 . Wescoal is focused on acquiring additional resources and strategic interests in key logistic infrastructure . Will also continue to seek value in coal export market in a measured fashion .Immediate priority is to conclude BEE transaction.  Full Article

Wescoal says BEE consortium to consolidate shareholding in co
Thursday, 29 Sep 2016 04:05am EDT 

Wescoal Holdings Ltd : Has entered into a subscription agreement with K2016316243 Proprietary Ltd .BEE consortium will consolidate their existing shareholding in Wescoal under BEE SPV.  Full Article

Wescoal says enters negotiations to increase its BEE ownership
Tuesday, 23 Aug 2016 10:05am EDT 

Wescoal Holdings Ltd : Has entered negotiations to increase its BEE ownership .Wescoal's obligation therein to transform its bee ownership to more than 50 pct by end december 2016..  Full Article

Wescoal Holdings signs coal supply deal with Eskom
Wednesday, 17 Aug 2016 04:48am EDT 

Wescoal Holdings Ltd : Long-Term coal supply agreement secured for Elandspruit Colliery .Successfully concluded negotiations and long-term coal supply agreement ("CSA") with Eskom Holdings SOC Limited.  Full Article

Wescoal Holding says acting CFO resigns from board
Friday, 1 Jul 2016 10:00am EDT 

Wescoal Holdings Ltd : Izak Van Der Walt, acting chief financial officer, has resigned from the board of Wescoal with immediate effect .Van Der Walt will continue in role of general manager finance for operations providing support to group and board financial roles of Wescoal.  Full Article

Wescoal says fy operational ebitda up 42.1 pct
Thursday, 2 Jun 2016 01:10am EDT 

Wescoal Holdings Ltd : EPS of 26.2 cps up 66.6% [fy15: 15.7] . Operational ebitda increased by 42.1% to r152.1 million [fy15: r107.0 million] . HEPS of 27.1 cps increased by 76.1% [fy15: 15.4] . Mining rom production increased 22% to 1851.0kt [fy15: 1519.0kt] . Group margin improved to 15.9% [fy15: 13.1%] .Has agreed to distribute r10 million to shareholders as a dividend for period.  Full Article

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