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AECI Ltd (AFEJ.J)

AFEJ.J on Johannesburg Stock Exchange

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Latest Key Developments (Source: Significant Developments)

AECI Says FY ‍HEPS Up 17.2 Pct
Tuesday, 27 Feb 2018 12:05am EST 

Feb 27 (Reuters) - AECI Ltd ::‍FY PROFIT FROM OPERATIONS +18% TO R1 579M​.‍FINAL ORDINARY CASH DIVIDEND +13% TO 340CPS​.FY ‍HEADLINE EARNINGS 959 MILLION RAND VERSUS 818 MILLION RAND YEAR AGO​.FY ‍HEPS UP 17.2 Pct TO 959C​.FY ‍TRADING MARGIN UP 8.5%​.  Full Article

AECI Says KPMG Will Not Be Considered For External Auditor Reappointment In FY 2018
Monday, 4 Dec 2017 10:00am EST 

Dec 4 (Reuters) - AECI Ltd ::AECI LTD - CURRENT EXTERNAL AUDITOR, KPMG, WILL NOT BE CONSIDERED FOR REAPPOINTMENT FOR 2018 FINANCIAL YEAR.AECI LTD - A NEW EXTERNAL AUDITOR WILL BE APPOINTED AND ANNOUNCED BY NO LATER THAN 31 MARCH 2018.AECI LTD - SHAREHOLDERS WILL BE GIVEN AN OPPORTUNITY TO CONSIDER AND APPROVE APPOINTMENT OF THIS AUDITOR AT ANNUAL GENERAL MEETING.  Full Article

AECI to buy Schirm Gmbh
Wednesday, 8 Nov 2017 12:05am EST 

Nov 8 (Reuters) - Aeci Ltd :AECI LTD - ‍AECI MAURITIUS WILL ACQUIRE 100% OF SHARE CAPITAL IN SCHIRM GMBH AND SHAREHOLDER LOAN CLAIMS​.AECI LTD - ‍PURCHASE CONSIDERATION IS EUR 110,5 MILLION AND IS PAYABLE IN CASH​.AECI LTD - ‍SCHIRM GMBH WILL ACQUIRE CONTRACT MANUFACTURING SERVICE BUSINESS OF AND A PROPERTY IN WOLFENBÜTTEL, GERMANY​.‍AECI WILL FUND TRANSACTION UTILISING A FINANCING FACILITY PROVIDED BY STANDARD BANK OF SOUTH AFRICA LIMITED​.AECI LTD - ‍ICL WILL RETAIN CUSTOMER WAREHOUSING, TRANSPORTATION AND DISTRIBUTION SERVICES ON SITES ON WHICH SCHIRM OPERATES​.  Full Article

AECI acquires Much Asphalt Pty Ltd ‍for 2.27 bln rand
Monday, 30 Oct 2017 01:05am EDT 

Oct 30 (Reuters) - AECI Ltd :ENTERED AGREEMENT WITH CAPITALWORKS PRIVATE EQUITY,MIC INVESTMENT HOLDINGS PROPRIETARY AND MUCH ASPHALT MANAGEMENT TEAM TO ACQUIRE MUCH ASPHALT​.DEAL ‍FOR A TOTAL CONSIDERATION OF R2,272 BILLION WHICH IS PAYABLE IN CASH​.ALSO ENTERED INTO DISCUSSIONS RELATING TO FURTHER ACQUISITION, UNRELATED TO THE DEAL, WHICH MAY HAVE EFFECT ON CO'S SHARE PRICE​.  Full Article

AECI ‍entered into discussions relating to two potential deals
Wednesday, 18 Oct 2017 02:30am EDT 

Oct 18 (Reuters) - AECI Ltd ::AECI LTD - ‍ENTERED INTO DISCUSSIONS RELATING TO TWO POTENTIAL ACQUISITIONS.  Full Article

Aeci says HY HEPS up 32 pct to 386 cents
Wednesday, 26 Jul 2017 01:11am EDT 

July 26 (Reuters) - Aeci Ltd ::HY HEPS up 32 pct to 386c.Interim ordinary cash dividend of 138cps declared.Improvement of 19 pct in HY profit from operations, which increased to 262 mln rand (2016: 220 million).  Full Article

AECI Ltd sees HY HEPS between 381 cents and 396 cents
Tuesday, 18 Jul 2017 01:05am EDT 

July 18 (Reuters) - Aeci Ltd ::‍HY headline earnings per share (heps) is expected to be between 381 cents and 396 cents, that is 30 pct and 35 pct higher than year ago​.  Full Article

AECI says FY HEPS down 9 pct to 818 cents
Tuesday, 28 Feb 2017 12:15am EST 

AECI Ltd: FY profits from operations of specialty chemicals up 8.3% to 214 million rand, explosives up 7.4% to 449 million rand . FY HEPS down 9% to 818 cents, underlying HEPS up 29% to 920 cents . Final ordinary cash dividend up 15% to 300 cps . FY revenue 18.596 billion rand versus 18.446 billion rand a year ago . Not anticipated that oil prices will return to low levels seen in early part of 2016 .A more positive overall environment will benefit AECI as it implements its strategy.  Full Article