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Bid Corporation Ltd (BIDJ.J)

BIDJ.J on Johannesburg Stock Exchange

29,917.00ZAc
3:35am EDT
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Volume
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Latest Key Developments (Source: Significant Developments)

Bid Corp Says Potential Buyer Decided Not To Proceed With CD Deal
Friday, 21 Sep 2018 07:00am EDT 

Sept 21 (Reuters) - Bid Corporation Ltd ::UPDATE ON DISPOSAL OF UK CONTRACT DISTRIBUTION (CD) BUSINESS.PROSPECTIVE PURCHASER NOTIFIED BIDCORP THAT FOR ITS OWN INTERNAL REASONS, IT DECIDED NOT TO PROCEED WITH DEAL.CD BUSINESS REMAINS A NON-CORE ACTIVITY IN RESPECT OF BIDCORP'S GLOBAL FOODSERVICE OPERATIONS.CURRENTLY CONSIDERING ALTERNATIVE PROPOSALS WHICH WERE SUSPENDED DUE TO ADVANCED SALE PROCESS.TRADING PERFORMANCE FOR TWO MONTHS TO END-AUGUST 2018 HAS DELIVERED A NEAR BREAKEVEN POSITION FOR CD.  Full Article

Bid Corporation says Trading For Q3 Has Been Positive
Wednesday, 16 May 2018 08:30am EDT 

May 16 (Reuters) - Bid Corporation Ltd ::TRADING FOR Q3 OF 2018 FINANCIAL YEAR HAS BEEN POSITIVE LARGELY MAINTAINING EARNINGS TRAJECTORY ACHIEVED IN FIRST 6 MONTHS OF 2018.CURRENCY VOLATILITY CONTINUES TO IMPACT BIDCORP'S RAND TRANSLATED RESULTS.  Full Article

Bid ‍Corp Says JPMorgan Chase & Co Cuts Stake To 9.47 Pct From 11.40 Pct
Thursday, 5 Apr 2018 05:50am EDT 

April 5 (Reuters) - Bid Corp::‍J P MORGAN CHASE & CO DISPOSES STAKE IN CO, ENTIRE BENEFICIAL INTEREST NOW AMOUNTS TO 9.47 PERCENT FROM 11.40 PERCENT PREVIOUSLY HELD.  Full Article

Bid Corporation Says HY HEPS rises 8.6 Pct​
Wednesday, 21 Feb 2018 12:08am EST 

Feb 21 (Reuters) - Bid Corporation Ltd ::HY ‍CONTINUING HEPS +8,6%​.‍DECLARED AN INTERIM CASH DIVIDEND OF 280,0 CENTS PER SHARE, A 12,0% INCREASE ON F2017 INTERIM DIVIDEND​.HY ‍NET DEBT IS R3,4 BILLION​.HY ‍NET REVENUE OF R61,5 BILLION (H1F2017: R57,1 BILLION) GREW BY 7,7%​.‍BRIAN JOFFE WILL RETIRE FROM BIDCORP CHAIRMANSHIP ON MARCH 31 2018, BUT REMAINS ON AS A NON-EXECUTIVE DIRECTOR​.HY ‍GROUP TRADING PROFIT INCREASED BY 8,9% TO R3,0 BILLION​.‍STEPHEN KOSEFF, INDEPENDENT NON-EXECUTIVE DIRECTOR, AGREED TO ASSUME ROLE OF INDEPENDENT NON-EXECUTIVE CHAIRMAN, EFFECTIVE MARCH 31 2018​.‍HY HEADLINE EARNINGS PER SHARE FROM FOODSERVICE BUSINESSES (HEPS) INCREASED BY 8,6% TO 640,0 CENTS PER SHARE​.‍IN SHORT TERM, CHALLENGES OF INFRASTRUCTURAL INVESTMENT IN AUSTRALIA AND DAIRY PRICING VOLATILITY PARTICULARLY IN ASIA WILL FAVOURABLY RESOLVE​.  Full Article

Stephen Koseff To Take Over As Bid Corporation Chairman
Thursday, 15 Feb 2018 03:21am EST 

Feb 15 (Reuters) - Bid Corporation Ltd ::BID CORPORATION - STEPHEN KOSEFF HAS AGREED TO ACCEPT BOARD'S INVITATION TO ASSUME ROLE OF INDEPENDENT NON-EXECUTIVE CHAIRMAN, EFFECTIVE MARCH 31ST.  Full Article

Bid Corp says ‍trading for Q1 2018 reasonably positive in core foodservice businesses​
Monday, 13 Nov 2017 02:54am EST 

Nov 13 (Reuters) - BID CORPORATION LTD ::TRADING FOR Q1 OF 2018 FINANCIAL YEAR HAS BEEN REASONABLY POSITIVE (MEASURED IN HOME CURRENCIES) IN CORE FOODSERVICE BUSINESSES​.‍CURRENCY VOLATILITY CONTINUES TO IMPACT BIDCORP'S RAND TRANSLATED RESULTS, WITH NEGATIVE CONSTANT CURRENCY IMPACT OF ABOUT 2.0% (TO END OF OCT 2017).  Full Article

Bid Corporation says JP Morgan Chase & Co cuts stake to 9.62 pct
Wednesday, 4 Oct 2017 11:30am EDT 

Oct 4 (Reuters) - Bid Corporation Ltd :JP MORGAN CHASE & CO CUTS STAKE TO 9.62 PERCENT FROM 10.48 PERCENT HELD EARLIER.  Full Article

Bid Corp posts FY diluted HEPS of 1,178.4 cents
Thursday, 24 Aug 2017 01:00am EDT 

Aug 24 (Reuters) - Bid Corporation Ltd :DECLARED FINAL CASH DIVIDEND OF 250 CENTS .FY REVENUE OF 130.93 BILLION RAND VERSUS 135.54 BILLION RAND YEAR AGO.FY PROFIT BEFORE TAXATION OF 5.28 BILLION RAND VERSUS 4.43 BILLION RAND YEAR AGO.FY DILUTED HEPS OF 1,178.4 CENTS VERSUS 4,115.8 CENTS YEAR AGO.  Full Article

Bid Corp says trading for first 9 months of FY17 positive
Wednesday, 17 May 2017 08:53am EDT 

May 17 (Reuters) - Bid Corporation Ltd ::Trading within bidcorp for first 9 months of financial year 2017 has been positive.Overall economy in uk is growing and sterling devaluation brexit has increased activity levels in foodservice market.Inflation has started to tick up which should be positive for our uk businesses..To date effects of brexit haven't had any negative impact on business..Bid corp - expansion into european region, both in terms of in-country bolt- on acquisitions and strategic entry into new geographies, will be explored.Strategic options for uk logistics business remain under consideration.Further bolt-on acquisitions are being explored in australia and new zealand to sustain growth..  Full Article

Bid Corp acquires Guzmán Gastronomía and Cuttings
Wednesday, 5 Apr 2017 09:43am EDT 

Bid Corporation Ltd: Acquisition of Guzmán Gastronomía and Cuttings . Acquisition of 90% of Guzmán Gastronomía and Cuttings .Management have agreed to retain a 10% interest in Guzmán.  Full Article

Potential buyer ditches plan to acquire Bidcorp's UK logistics business

JOHANNESBURG, Sept 21 International food distributor Bid Corporation Ltd (Bidcorp) said on Friday the prospective buyer for its UK logistics business is no longer interested in buying it, citing internal reasons.