Edition:
United Kingdom

Brait SE (BATJ.J)

BATJ.J on Johannesburg Stock Exchange

1,432.00ZAc
18 Sep 2019
Change (% chg)

-1.00 (-0.07%)
Prev Close
1,433.00
Open
1,454.00
Day's High
1,482.00
Day's Low
1,411.00
Volume
569,620
Avg. Vol
846,205
52-wk High
3,941.00
52-wk Low
1,092.00

Latest Key Developments (Source: Significant Developments)

New Look Q1 loss narrows to 2.7 mln pounds
Wednesday, 11 Sep 2019 

Sept 11 (Reuters) - Brait SE ::Q1 STATUTORY LOSS BEFORE TAX IMPROVED BY 12.8 MILLION POUNDS TO 2.7 MILLION POUNDS FOLLOWING RESTRUCTURING.Q1 CORE TOTAL REVENUE 258.3 MILLION POUNDS (Q1 FY19 300.6 MILLION POUNDS).Q1 CORE LIKE-FOR-LIKE (LFL) SALES -10.1% REFLECTING LOWER FOOTFALL DUE TO HIGHLY UNSEASONABLE WEATHER AND ONGOING CONSUMER UNCERTAINTY.SAYS IMPROVEMENT IN TRADING PERFORMANCE FOR THE 8 WEEKS ENDING 24 AUGUST 2019 WITH LFL SALES UP +2.2%.  Full Article

Brait Says Investec's Total Beneficial Interest In Co Is Now In Excess Of 5% Of Co's Ordinary Shares
Thursday, 15 Aug 2019 

Aug 15 (Reuters) - Brait SE ::BRAIT SE - INVESTEC'S TOTAL BENEFICIAL INTEREST IN COMPANY IS NOW IN EXCESS OF 5% OF BRAIT'S ORDINARY SHARES..  Full Article

Brait Expects NAV Between 40.75 Zar And 42.75 Zar At March 31
Thursday, 23 May 2019 

May 23 (Reuters) - Brait SE ::JSE: BAT - TRADING STATEMENT: YEAR ENDED 31 MARCH 2019.BRAIT SE - REPORTED NET ASSET VALUE PER SHARE AT 31 MARCH 2019 IS ANTICIPATED TO BE BETWEEN ZAR40.75 AND ZAR42.75.  Full Article

UK's New Look year to date revenue down 5 pct
Wednesday, 13 Feb 2019 

Feb 13 (Reuters) - New Look ::Q3 YEAR TO DATE REVENUE DOWN 5.0 PERCENT TO 1.016 BILLION STG, SAYS IN LINE WITH EXPECTATIONS GIVEN FOCUS ON DRIVING MORE PROFITABLE SALES.SAYS BRAND LIKE-FOR-LIKE (LFL) SALES YTD DOWN 2.3 PERCENT, THIRD CONSECUTIVE QUARTER OF IMPROVEMENT IN LFL TREND WITH Q3 TOTAL UK LFL SALES POSITIVE AT UP 0.9 PERCENT.SAYS Q3 YEAR TO DATE GROUP UNDERLYING OPERATING PROFIT 38.5 MILLION STG.  Full Article

Brait Says Virgin Active Signed New Contract With Discovery Vitality
Monday, 28 Jan 2019 

Jan 28 (Reuters) - Brait SE ::JSE: BAT - VOLUNTARY ANNOUNCEMENT: VIRGIN ACTIVE CONCLUDES NEW VITALITY CONTRACT.BRAIT SE - VIRGIN ACTIVE HAS SIGNED A NEW CONTRACT WITH DISCOVERY VITALITY EFFECTIVE 1 JANUARY 2019.BRAIT SE - VIRGIN ACTIVE'S CONTRACT SETS OUT TERMS & CONDITIONS ON WHICH DISCOVERY VITALITY MEMBERS JOIN VIRGIN ACTIVE'S HEALTH CLUBS IN SOUTH AFRICA.  Full Article

Brait Se Says New Look's Long-Term Debt To Be Reduced From £1,350 Mln To £350 Mln
Monday, 14 Jan 2019 

Jan 14 (Reuters) - Brait SE ::NEW LOOK’S AGREEMENT IN PRINCIPLE WITH A GROUP OF SENIOR SECURED NOTEHOLDERS ON TERMS OF BALANCE SHEET RESTRUCTURING.NEW LOOK'S LONG-TERM DEBT WILL BE SIGNIFICANTLY REDUCED FROM £1,350 MILLION TO £350 MILLION.NEW LOOK WILL BE SUPPORTED BY A NEW £150 MILLION CAPITAL RAISE VIA ISSUANCE OF NEW MONEY BONDS.NEW LOOK ALSO GOT SUBSTANTIAL NO. OF REQUIRED CONSENTS TO RAISE £80 MILLION OF INTERIM FUNDING TO SUPPORT BUSINESS IN SHORT-TERM.  Full Article

British retailer New Look proposes closing stores, making redundancies to cut costs
Wednesday, 7 Mar 2018 

March 7 (Reuters) - New Look::BRITISH RETAILER NEW LOOK PROPOSES TO REDUCE UK STORE ESTATE AND RENTAL COSTS AMID CHALLENGED TRADING PERFORMANCE AND A DIFFICULT RETAIL ENVIRONMENT.NEW LOOK SAYS HAS IDENTIFIED 60 OUT OF ITS TOTAL 593 STORES IN THE UK FOR POTENTIAL CLOSURE1, ALONGSIDE A FURTHER 6 SITES WHICH ARE SUB-LET TO THIRD PARTIES.DANIEL BUTTERS AND NEVILLE KAHN OF DELOITTE LLP, BUSINESS ADVISORY FIRM, HAVE BEEN APPOINTED AS NOMINEES TO NEW LOOK VOLUNTARY ARRANGEMENT.NEW LOOK PROPOSES MAKING REDUNDANCIES FROM STORES WHICH HAVE BEEN IDENTIFIED FOR POTENTIAL CLOSURE, EXPECTED TO BE A MAXIMUM OF 980 STAFF FROM UK BASE OF 15,300 PEOPLE.  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

Photo

Superdry moves to fill boardroom seats after Dunkerton's bruising battle

Superdry has appointed former finance heads of M&S and New Look to its board, months after the UK fashion retailer's founder Julian Dunkerton rejoined after a bruising boardroom battle that saw most of its directors leave.