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Brait SE (BATJ.J)

BATJ.J on Johannesburg Stock Exchange

3,483.00ZAc
16 Oct 2018
Change (% chg)

-75.00 (-2.11%)
Prev Close
3,558.00
Open
3,550.00
Day's High
3,590.00
Day's Low
3,482.00
Volume
362,824
Avg. Vol
773,834
52-wk High
5,635.00
52-wk Low
3,101.00

Latest Key Developments (Source: Significant Developments)

British retailer New Look proposes closing stores, making redundancies to cut costs
Wednesday, 7 Mar 2018 08:11am EST 

March 7 (Reuters) - New Look::BRITISH RETAILER NEW LOOK PROPOSES TO REDUCE UK STORE ESTATE AND RENTAL COSTS AMID CHALLENGED TRADING PERFORMANCE AND A DIFFICULT RETAIL ENVIRONMENT.NEW LOOK SAYS HAS IDENTIFIED 60 OUT OF ITS TOTAL 593 STORES IN THE UK FOR POTENTIAL CLOSURE1, ALONGSIDE A FURTHER 6 SITES WHICH ARE SUB-LET TO THIRD PARTIES.DANIEL BUTTERS AND NEVILLE KAHN OF DELOITTE LLP, BUSINESS ADVISORY FIRM, HAVE BEEN APPOINTED AS NOMINEES TO NEW LOOK VOLUNTARY ARRANGEMENT.NEW LOOK PROPOSES MAKING REDUNDANCIES FROM STORES WHICH HAVE BEEN IDENTIFIED FOR POTENTIAL CLOSURE, EXPECTED TO BE A MAXIMUM OF 980 STAFF FROM UK BASE OF 15,300 PEOPLE.  Full Article

Brait SE says reported NAV per share at Sept 30 was 66.62​ rand
Wednesday, 15 Nov 2017 01:00am EST 

Nov 15 (Reuters) - Brait Se ::‍BRAIT'S REPORTED RAND NAV PER SHARE AT 30 SEPTEMBER 2017 IS ZAR66.62​.‍HY DILUTED​ LOSS AND HEADLINE LOSS PER SHARE OF 1,421 CENTS VERSUS 785 CENTS YEAR AGO.  Full Article

New Look CEO Anders Kristiansen has stepped down
Friday, 1 Sep 2017 04:44am EDT 

Sept 1 (Reuters) - New Look Group Ltd [RIC:RIC:NEWOON.UL]:ANDERS KRISTIANSEN HAS STOOD DOWN AS CHIEF EXECUTIVE OFFICER (CEO) AFTER ALMOST FIVE YEARS‍​.DANNY BARRASSO, MANAGING DIRECTOR UK & ROI, HAS BEEN APPOINTED AS INTERIM CEO WITH IMMEDIATE EFFECT.BOARD HAS LAUNCHED A SEARCH PROCESS TO IDENTIFY AND APPOINT A PERMANENT SUCCESSOR TO ANDERS.NEW LOOK - "AS NEW LOOK EMBARKS ON ITS NEXT PHASE OF DEVELOPMENT, WE HAVE MUTUALLY AGREED THAT IT IS THE APPROPRIATE TIME FOR A CHANGE TO THE LEADERSHIP"- CHAIRMAN.  Full Article

Brait says NAV/shr at 74.14 rand at June 30​
Tuesday, 8 Aug 2017 02:45am EDT 

Aug 8 (Reuters) - BRAIT SE ::‍REPORTED NAV PER SHARE AT JUNE 30, 2017 IS 74.14 RAND​.  Full Article

Brait ‍FY NAV per share at March 31 is ZAR78.15, down 42.6 pct
Tuesday, 13 Jun 2017 02:00am EDT 

June 13 (Reuters) - Brait SE ::Brait - ‍FY NAV per share at March 31 is ZAR78.15, down 42.6% versus ZAR136.27​ year ago.Brait SE - ‍three-year CAGR for reported NAV per share to 31 March 2017 is 34.7% per annum (benchmark of 15% per annum)​.Brait SE - ‍proposes ordinary share bonus issue, or alternatively, cash dividend of ZAR0.7815 per ordinary shar​e.  Full Article

Brait SE sees FY net asset value per share between 77.00 - 79.00 rand
Friday, 26 May 2017 11:00am EDT 

May 26 (Reuters) - Brait Se ::Says net asset value per share for financial year ended 31 March 2017 is anticipated to be between 77.00 rand and 79.00 rand .  Full Article

Brait puts halt on premium listing plans amidst Brexit uncertainty
Friday, 24 Mar 2017 07:00am EDT 

Brait Se :Board has determined not to proceed with transfer to UK and premium listing at this time due to uncertainty around Brexit.  Full Article

Brait says Q3 NAV down 21.5 pct
Tuesday, 14 Feb 2017 03:00am EST 

Brait Se : Says NAV update for Q3 ended Dec. 31 2016 . Says Brait's reported NAV per share at Dec. 31 2016 is 82.45 rand . Says decrease of 21.5 pct compared to Sept. 30 2016's NAV of 105.06 rand, includes adverse impact of 5 pct strengthening of rand against pound sterling .At unchanged exchange rate of 17.82 rand, Brait's reported NAV per share at Dec. 31 2016 would be 85.36 rand; a decrease of 18.8 pct.  Full Article

South Africa's Brait full-year NAV falls, halts dividend

JOHANNESBURG, June 19 South African investment house Brait SE reported a nearly one-third drop in annual net asset value on Tuesday after writing down to zero last November the value of its British clothing retailer, New Look.