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United Kingdom

Bid Corporation Ltd (BIDJ.J)

BIDJ.J on Johannesburg Stock Exchange

29,479.00ZAc
22 May 2019
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Latest Key Developments (Source: Significant Developments)

Bid Corporation Says Trading To End Of April F2019 Continues To Be Positive
Tuesday, 21 May 2019 

May 21 (Reuters) - Bid Corporation Ltd ::TRADING TO END OF APRIL F2019 CONTINUES TO BE POSITIVE.MANAGEMENT'S EXPECTATIONS FOR F2019 REMAIN UNCHANGED..  Full Article

Bid Corporation HY Continuing HEPS 700,2 Cents
Wednesday, 20 Feb 2019 

Feb 20 (Reuters) - Bid Corporation Ltd ::HY CONTINUING HEPS +9,2% 700,2 CENTS.INTERIM DIVIDEND DECLARED +10,7% 310,0 CENTS.BIDCORP'S PERFORMANCE OVERALL WAS IN LINE WITH MANAGEMENT EXPECTATIONS.HY NET REVENUE OF R66,4 BILLION (H1F2018: R60,9 BILLION) GREW BY 9,1%.FINANCIALLY, GROUP IS STRONG AND WE EXPECT CASH GENERATION TO REMAIN ROBUST.GROUP TO CONTINUE TO DELIVER REAL EARNINGS GROWTH FOR FULL YEAR.TRADING ACROSS DEVELOPED MARKET GEOGRAPHIES REMAINED POSITIVE.  Full Article

Bid Corp Says J P Morgan Now Holds 10.05 Pct Of Co
Friday, 18 Jan 2019 

Jan 18 (Reuters) - Bid Corporation Ltd ::BID CORP- J P MORGAN ACQUIRED BENEFICIAL INTEREST IN CO'S SECURITIES, ENTIRE BENEFICIAL INTEREST AMOUNTS TO 10.05% OF TOTAL SECURITIES IN ISSUE.  Full Article

Bid Corporation Says Pricewaterhousecoopers Inc Appointed New External Auditors
Tuesday, 15 Jan 2019 

Jan 15 (Reuters) - Bid Corporation Ltd ::PRICEWATERHOUSECOOPERS INC APPOINTED NEW EXTERNAL AUDITORS.KPMG HAVE SUBMITTED THEIR FORMAL RESIGNATION AS BIDCORP'S APPOINTED EXTERNAL AUDITORS, DATED JANUARY 14TH 2019.  Full Article

Bid Corp Says Potential Buyer Decided Not To Proceed With CD Deal
Friday, 21 Sep 2018 

Sept 21 (Reuters) - Bid Corporation Ltd ::UPDATE ON DISPOSAL OF UK CONTRACT DISTRIBUTION (CD) BUSINESS.PROSPECTIVE PURCHASER NOTIFIED BIDCORP THAT FOR ITS OWN INTERNAL REASONS, IT DECIDED NOT TO PROCEED WITH DEAL.CD BUSINESS REMAINS A NON-CORE ACTIVITY IN RESPECT OF BIDCORP'S GLOBAL FOODSERVICE OPERATIONS.CURRENTLY CONSIDERING ALTERNATIVE PROPOSALS WHICH WERE SUSPENDED DUE TO ADVANCED SALE PROCESS.TRADING PERFORMANCE FOR TWO MONTHS TO END-AUGUST 2018 HAS DELIVERED A NEAR BREAKEVEN POSITION FOR CD.  Full Article

Bid Corporation says Trading For Q3 Has Been Positive
Wednesday, 16 May 2018 

May 16 (Reuters) - Bid Corporation Ltd ::TRADING FOR Q3 OF 2018 FINANCIAL YEAR HAS BEEN POSITIVE LARGELY MAINTAINING EARNINGS TRAJECTORY ACHIEVED IN FIRST 6 MONTHS OF 2018.CURRENCY VOLATILITY CONTINUES TO IMPACT BIDCORP'S RAND TRANSLATED RESULTS.  Full Article

Bid ‍Corp Says JPMorgan Chase & Co Cuts Stake To 9.47 Pct From 11.40 Pct
Thursday, 5 Apr 2018 

April 5 (Reuters) - Bid Corp::‍J P MORGAN CHASE & CO DISPOSES STAKE IN CO, ENTIRE BENEFICIAL INTEREST NOW AMOUNTS TO 9.47 PERCENT FROM 11.40 PERCENT PREVIOUSLY HELD.  Full Article

Bid Corporation Says HY HEPS rises 8.6 Pct​
Wednesday, 21 Feb 2018 

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 

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 

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

UPDATE 1-S.Africa's Bidcorp HY profit rises on upbeat European market

JOHANNESBURG, Feb 20 South African food producer Bid Corporation Ltd (Bidcorp) reported on Wednesday a 9.2 percent increase in half-year earnings, supported by positive trading performance in its developed markets.