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Bid Corporation Ltd (BIDJ.J)

BIDJ.J on Johannesburg Stock Exchange

28,238.00ZAc
21 Feb 2018
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Latest Key Developments (Source: Significant Developments)

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

Bid Corp says Brian Joffe to relinquish his position as executive chairman
Monday, 27 Mar 2017 04:30am EDT 

Bid Corporation Ltd : Transition arrangements of Brian Joffe from executive chair to non-executive director of Bidcorp Group . Brian Joffe will, effective June 30 2017, relinquish his position as executive chairman .Brian Joffe has agreed to continue, if necessary, after this date, until appropriate process for appointment of independent non-exec chairman has been completed.  Full Article

Bid Corporation says HY HEPS 600.3 cents
Thursday, 23 Feb 2017 12:06am EST 

Bid Corporation Ltd : Hy HEPS 600,3 cents versus 499,1 cents . HY net debt 1,7 bln rand versus 4,3 bln rand . Bidcorp has declared an interim cash dividend of 250,0 cents per share .Overall HY net revenue of 67,8 bln rand (pf2015: r68,2 billion).  Full Article

Bid Corporation says FY HEPS up 32.5 pct to 1080 cents
Wednesday, 24 Aug 2016 01:12am EDT 

Bid Corporation Ltd : Reviewed provisional results for the year ended June 30 2016 . Revenue 2016 140.5 bln rand up 20.8 pct . FY HEPS 2016 1080.0 cents versus 2015 815.2 cents . Trading profit 2016 5.2 bln rand up 26.1 pct . Growth in out-of-home eating where customers quest for quality products, differentiation of service and innovative solutions, is expected to continue . We retain significant headroom to accommodate expansion opportunities, both acquisitive and organic in a low interest rate environment . Currency volatility is likely to continue to impact Bidcorp's translated results in current global environment .Directors have declared a final gross cash dividend of 241.0 cents.  Full Article

UPDATE 2-South Africa's Bidcorp weighs offer for majority of UK logistics unit

* Group could spend another half a billion rand on acquisitions (Recasts lead with offer, adds details, CEO quotes)