The JSE and finance forum for South Africa
General Category => Shares => Topic started by: jaDEB on June 17, 2016, 12:21:09 pm
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:whistle:
REVIEWED PROVISIONAL RESULTS
For the six month period ended 31 March 2016
Highlights
? GROUP REVENUE OF R4,5 BILLION ? DOWN 1%
? EBITDA UP BY 2% TO R1,1 BILLION
? PROFIT IMPROVEMENT PROGRAMME REALISES AN ADDITIONAL R178 MILLION
? PROFIT FOR THE PERIOD UP 25% TO R351 MILLION
? EARNINGS PER SHARE UP 35% TO 70 CENTS INCLUDING SALE OF NON-CORE ASSETS
? RECENTLY COMMISSIONED PLANT IN RWANDA GENERATES 124 000 TONS IN CEMENT SALES VOLUMES
? CAPITAL RAISING PLANS PROGRESSING
Events after the reporting date
Post-period-end S&P downgraded PPC?s credit rating resulting in the long-term notes becoming payable in the short term and the notes have
been reclassified accordingly (refer note 14). With the acceleration of the repayment of the notes, the liquidity of the group has been
impacted. The group is in the final stages of securing bridging guarantee funding (refer note 14) which will assist with short-term
liquidity requirements. In order to strengthen the capital structure of the group, a capital rights issue has been announced whereby the
group anticipates to raise between R3 billion and R4 billion. This note should be read in conjunction with note 1 under the section
going concern
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Been interested in them ever since that massive drop, just trying to figure out what is bottom. I have a lump sum waiting to be injected.
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Is or Did you buy yet?
WHat is the NAV ?
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NAV. R5.73 ? not to sure if i9t has been updated after last results.
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Those people who are interested in this share need to read the results of Sephaku which has links to Dangote shows intense market competition in a slowing economic environment. Article in Business Day
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I bought KIO instead of PPC, :)