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Nampak Ltd (NPKJ.J)

NPKJ.J on Johannesburg Stock Exchange

1,416.00ZAc
19 Oct 2018
Change (% chg)

0.00 (+0.00%)
Prev Close
1,416.00
Open
1,484.00
Day's High
1,484.00
Day's Low
1,404.00
Volume
482,216
Avg. Vol
1,089,734
52-wk High
1,940.00
52-wk Low
1,264.00

Latest Key Developments (Source: Significant Developments)

Nampak Says TT Mboweni Steps Down As Chairman and Director
Wednesday, 10 Oct 2018 09:27am EDT 

Oct 10 (Reuters) - Nampak Ltd ::RESIGNATION OF NON-EXECUTIVE DIRECTOR AND CHAIRMAN: TT MBOWENI.APPOINTED PM SURGEY AS PRO TEM CHAIRMAN OF BOARD.NOMINATIONS COMMITTEE WILL IN DUE COURSE CONSIDER, NOMINATE SUCCESSOR FOR ROLE OF CHAIRMAN IN LINE WITH ITS FORMAL SUCCESSION PLAN.  Full Article

Nampak Says Long-Term Funding Package Of R12.8 Bln Secured
Thursday, 20 Sep 2018 08:00am EDT 

Sept 20 (Reuters) - Nampak Ltd ::JSE: NPK - VOLUNTARY TRADING UPDATE FOR THE 11 MONTH PERIOD ENDED 31 AUGUST 2018.NAMPAK LTD - FURTHER INVESTMENTS OF R300 MILLION IN ANGOLA AND NIGERIA TO BE ANNOUNCED.NAMPAK LTD - LONG-TERM FUNDING PACKAGE OF R12.8 BILLION SECURED.NAMPAK LTD - MAJOR ECONOMIES IN WHICH NAMPAK OPERATES CONTINUE TO DELIVER A MIXED PERFORMANCE IN 11 MONTH PERIOD ENDED 31 AUGUST 2018.NAMPAK LTD - CAPITAL EXPENDITURE FOR FULL YEAR IS EXPECTED TO BE BETWEEN R500-650 MILLION.  Full Article

Nampak Says HY HEPS Increased By 10 Pct, Restructures Plastics Business
Wednesday, 30 May 2018 09:00am EDT 

May 30 (Reuters) - Nampak Ltd ::HY HEPS INCREASED BY 10% TO 132.0 CENTS PER SHARE.HY REVENUE INCREASED TO R8.8?BN UP BY 2%.HY TRADING PROFIT INCREASED TO R1.2BN UP BY 7%.HY OPERATING PROFIT DECREASED TO R1.0BN DOWN BY 6%.DEMAND FOR PACKAGING IS EXPECTED TO GROW AT INCREASED RATES IN 2018 AND 2019.CLOSURE OF CAPE TOWN PLANT WILL REMOVE 700 MILLION BEVERAGE CANS' CAPACITY IN THIS MARKET.HY CAPITAL EXPENDITURE FOR PERIOD MORE THAN HALVED TO R206 MILLION FROM R470 MILLION.EUROPEAN BUSINESS BUSINESS IS EXPECTED TO RETURN TO PROFITABILITY DURING 2018 FINANCIAL YEAR.COST SAVINGS FROM RESTRUCTURING PLAN TO BE IMPLEMENTED OVER NEXT 12 - 18 MONTHS SHOULD RESULT IN IMPROVED PROFITABILITY GOING FORWARD.CAPITAL EXPENDITURE FOR FULL YEAR IS EXPECTED TO BE SIMILAR TO, IF NOT BELOW, 2017 YEAR AMOUNT OF R735 MILLION.NO DIVIDEND WAS DECLARED FOR PERIOD AS A CONSEQUENCE OF SIGNIFICANT CASH BALANCES CURRENTLY HELD IN RESTRICTED AREAS.TOP LINE GROWTH IN PLASTICS IS EXPECTED TO REMAIN CHALLENGING.TURNAROUND PLAN HAS BEEN APPROVED WHICH WILL RESULT IN A REDUCTION IN HEADCOUNT OF APPROXIMATELY 300 EMPLOYEES IN PLASTICS.TWO LOW MARGIN PLASTICS BUSINESSES HAVE BEEN EARMARKED FOR DISPOSAL.NAMPAK - EXPLORATORY DISCUSSIONS OF GLASS BUSINESS HELD WITH NUMBER OF STRATEGIC PLAYERS IN PACKAGING INDUSTRY AND FORMAL DISPOSAL PROCESS IS IN INITIAL STAGES.NAMPAK - PROFITABILITY IS EXPECTED TO IMPROVE BY R131 MILLION PER ANNUM, WITH ONCE OFF COSTS OF R106 MILLION ONCE RESTRUCTING OF PLASTICS IMPLEMENTED.  Full Article

Nampak Ltd says ‍FY HEPS Increased By 15 pct To 123.8 Cents Per Share​​
Tuesday, 28 Nov 2017 08:00am EST 

Nov 28 (Reuters) - Nampak Ltd ::FY ‍GROUP REVENUE OF R18.8BlN DOWN BY 2%​.‍FY HEPS INCREASED BY 15% TO 123.8 CENTS PER SHARE​.‍NO ORDINARY DIVIDEND DECLARED IN LINE WITH CASH CONSERVATION STRATEGY​.FY ‍TRADING PROFIT INCREASED TO R2.0BN UP BY 3%​.RESULTS HAVE ALSO BEEN NEGATIVELY IMPACTED BY A NUMBER OF SIGNIFICANT ABNORMAL ITEMS​.‍IN ANTICIPATION OF DELAYED SUGAR TAX LEGISLATION, WORKING CLOSELY WITH CUSTOMERS TO ASSESS IMPACT ON THEIR BUSINESSES, HOW THIS WILL CHANGE PACKAGING REQUIREMENTS​.  Full Article