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Consolidated Infrastructure Group Ltd (CILJ.J)

CILJ.J on Johannesburg Stock Exchange

352.00ZAc
15 Jun 2018
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Latest Key Developments (Source: Significant Developments)

CIG says is Reviewing, Evaluating Funding Requirements And Optimal Long-Term Capital Structure
Friday, 18 May 2018 

May 18 (Reuters) - Consolidated Infrastructure Group Ltd ::CIG COMMENCED A PROCESS TO REVIEW AND EVALUATE ITS FUNDING REQUIREMENTS AND OPTIMAL LONG-TERM CAPITAL STRUCTURECO REQUIRES CAPITAL INJECTION IN TO PROTECT SUSTAINABILITY OF OPERATIONS, ENABLE OPTIMAL TURN AROUND, OPTIMISATION OF CONCO.CO REQUIRES CAPITAL INJECTION IN TO PROTECT SUSTAINABILITY OF OPERATIONS, ENABLE OPTIMAL TURN AROUND, OPTIMISATION OF CONCO.IN ORDER TO FACILITATE CAPITAL INJECTION, CIG HAS ENTERED INTO A SUITE OF AGREEMENTS WITH FAIRFAX AFRICA INVESTMENTS .AGREED REVISED TERMS TO DEBT STANDSTILL WHICH RELAXES DEFAULT TRIGGER COVENANTS, REVERTS COST OF DEBT TO WHAT WAS ORIGINALLY AGREED.AMENDED CAPITAL REPAYMENT PROFILE REMAINS IN PLACE.HEPS FOR INTERIM PERIOD ENDED FEBRUARY 28 IS EXPECTED TO BE 470% - 480% LOWER COMPARED TO 111.1 CENTS YEAR AGO.LOSSES INCURRED FOR INTERIM PERIOD WILL RESULT DECLINE OF 30% TO 35% OF NAV, TANGIBLE NAV PER SHARE.DURING PERIOD UNDER REVIEW , EFFECTS OF RESTRUCTURING PROCESS RESULTED IN DISRUPTION OF OPERATIONS IN CONCO.CONCO RECORDED A LOSS OF R852 MLN IN THE PERIOD.NUMBER OF RIGS DRILLING IN ANGOLA CONTINUED TO DROP IN PERIOD UNDER REVIEW IN AES.AN IMPAIRMENT OF CARRYING VALUE OF INVESTMENT OF R134 MLN HAS BEEN RECOGNISED AT AES.CONSOLIDATED INFRASTRUCTURE GROUP LTD - REMAINING CIG COMPANIES PERFORMED IN LINE WITH EXPECTATIONS IN THE PERIOD.DROP NUMBER OF RIGS DRILLING IN ANGOLA AES RESULTED IN A 69% DECREASE IN EQUITY ACCOUNTED PROFITS RECORDED.  Full Article

Consolidated Infrastructure Group Ltd says ‍FY Revenue Down 3.6% To R4,369 Billion​
Thursday, 30 Nov 2017 

Nov 30 (Reuters) - Consolidated Infrastructure Group Ltd ::‍FY REVENUE DOWN 3,6% TO R4,369 BILLION​.‍FY HEADLINE LOSS PER SHARE OF 77,9 CENTS PER SHARE (2016: HEPS 255,3 CENTS PER SHARE)​.‍WHILST GROUP IS OPTIMISTIC OF ABILITY TO RESTORE PROFITABILITY FOR FY2018, OUTLOOK FOR FIRST SIX MONTHS IS CHALLENGING..  Full Article

Consolidated infrastructure sees FY HEPS between 50-55 pct lower
Wednesday, 8 Nov 2017 

Nov 8 (Reuters) - CONSOLIDATED INFRASTRUCTURE GROUP LTD ::‍EXPECTS FY EPS AND HEPS BETWEEN 50% - 55% LOWER (BETWEEN 114.75 - 127.50 CENTS PER SHARE FOR EPS, AND BETWEEN 114.89 -127.65 CENTS PER SHARE FOR HEPS)​.  Full Article

CIG says to buy Conlog Proprietary Ltd for up to R850 mln
Thursday, 11 Aug 2016 

Consolidated Infrastructure Group Ltd : Proposed acquisition of issued share capital of Conlog Proprietary Ltd and R750 million claw-back rights offer . Purchase consideration comprises initial payment of R700 million, deferred consideration of R50-R150 million .Entered underwriting deals with Investec Bank, Pinecourt Advisors Ltd to underwrite R750 million claw-back rights offer.  Full Article

Consolidated Infrastructure says in talks over an acquisition
Monday, 25 Jul 2016 

Consolidated Infrastructure Group Ltd :Consolidated Infrastructure has entered into negotiations regarding a new acquisition.  Full Article