Edition:
United Kingdom

Brait SE (BATJ.J)

BATJ.J on Johannesburg Stock Exchange

2,750.00ZAc
19 Feb 2019
Change (% chg)

25.00 (+0.92%)
Prev Close
2,725.00
Open
2,700.00
Day's High
2,750.00
Day's Low
2,679.00
Volume
291,999
Avg. Vol
428,528
52-wk High
4,625.00
52-wk Low
2,340.00

Latest Key Developments (Source: Significant Developments)

Brait SE Says New Look Has Received 80 Mln Stg Interim Funding Support
Wednesday, 30 Jan 2019 

Jan 30 (Reuters) - Brait SE ::BRAIT SE - NEW LOOK HAS RECEIVED £80 MILLION INTERIM FUNDING SUPPORT TO ALLOW TRANSACTION TO BE IMPLEMENTED.BRAIT SE - NEW LOOK RETAIL GROUP ANNOUNCED THAT IT HAS ACHIEVED REQUIRED MAJORITY THRESHOLDS TO IMPLEMENT BALANCE SHEET RESTRUCTURING TRANSACTION.BRAIT SE - GOT BINDING COMMITMENTS FOR £150 MILLION OF NEW MONEY THAT WILL BE USED TO REFINANCE BRIDGE FACILITY.BRAIT SE - BRAIT'S EQUITY HOLDING IN NEW LOOK POST TRANSACTION WILL BE BETWEEN 18% AND 23%.BRAIT SE - BRAIT WILL ADVANCE BETWEEN £9 MILLION AND £18 MILLION FOR NEW MONEY BONDS, QUOTED NET OF RECEIPT OF AROUND £18 MILLION.BRAIT SE - FOLLOWING TRANSACTION, BRAIT'S CURRENT 18% HOLDING OF SSNS WILL BE EXCHANGED INTO AROUND £45 MILLION OF REINSTATED SSNS.BRAIT SE - FOLLOWING TRANSACTION BRAIT WILL HAVE AN AGGREGATE SSNS HOLDING OF BETWEEN £72 MILLION AND £81 MILLION.BRAIT SE - LOCK-UP DEAL BY IN EXCESS OF 95% OF HOLDERS OF SENIOR SECURED NOTES, 75% OF REVOLVING CREDIT FACILITY LENDERS TO SUPPORT DEAL.  Full Article

Brait Posts HY NAV Per Share At 55.23 Rand
Monday, 12 Nov 2018 

Nov 12 (Reuters) - Brait SE ::HY NAV PER SHARE AT ZAR55.23."BRAIT HAS PERFORMED IN LINE WITH EXPECTATIONS WITH A BROADLY FLAT PERFORMANCE IN A TOUGH ENVIRONMENT IN BOTH SOUTH AFRICA AND UK".FOCUS FOR THE NEXT 18 MONTHS IS TO POSITION BRAIT TO RESUME ITS GROWTH NAV PER SHARE.  Full Article

Brait SE Says Deloitte Resigned As Auditor With Immediate Effect
Tuesday, 21 Aug 2018 

Aug 21 (Reuters) - Brait SE ::BRAIT SE - AUDIT COMMITTEE HAS DECIDED TO PUT EXTERNAL AUDIT OUT TO TENDER AS COST OF AUDIT HAS NOT BEEN BENCHMARKED EXTERNALLY FOR A NUMBER OF YEARS.BRAIT SE - DELOITTE HAS DECLINED TO PARTICIPATE IN TENDER AND HAS RESIGNED AS AUDITOR WITH IMMEDIATE EFFECT.BRAIT SE - BOARD WILL ANNOUNCE APPOINTMENT OF NEW EXTERNAL AUDITOR BY NO LATER THAN SEPT 30 FOR CURRENT FINANCIAL YEAR ENDED MARCH 31, 2019.  Full Article

Brait SE says reported NAV per share at Sept 30 was 66.62​ rand
Wednesday, 15 Nov 2017 

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 year to date revenue down 5 percent

LONDON British fashion chain New Look on Wednesday reported a 5 percent fall in revenue for the first three quarters of its 2018-19 financial year, though it said its underlying sales performance was on an improving trend.