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United Kingdom

Consolidated Infrastructure Group Ltd (CILJ.J)

CILJ.J on Johannesburg Stock Exchange

340.00ZAc
18 Dec 2018
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Latest Key Developments (Source: Significant Developments)

Consolidated Infrastructure Group FY HLPS 721.2 Cents
Wednesday, 28 Nov 2018 

Nov 28 (Reuters) - Consolidated Infrastructure Group Ltd ::JSE: CIL - REVIEWED PROVISIONAL CONDENSED CONSOLIDATED RESULTS FOR THE YEAR ENDED 31 AUGUST 2018.CONSOLIDATED INFRASTRUCTURE GROUP LTD - FY HEADLINE LOSS PER SHARE OF 721,2 CENTS.CONSOLIDATED INFRASTRUCTURE GROUP LTD - GROUP IS OPTIMISTIC OF ITS ABILITY TO RETURN TO SUSTAINABLE PROFITABILITY IN 2019.CONSOLIDATED INFRASTRUCTURE GROUP LTD - PROCESS OF IDENTIFYING AND RECRUITING A PERMANENT GROUP CFO HAS COMMENCED.CONSOLIDATED INFRASTRUCTURE GROUP LTD - FY REVENUES OF R2,706 MILLION (2017: R4,369 MILLION).  Full Article

Consolidated Infrastructure Says Costs Associated With Restructuring At Power Projects Remain High
Friday, 23 Nov 2018 

Nov 23 (Reuters) - Consolidated Infrastructure Group Ltd ::JSE: CIL - TRADING STATEMENT AND UPDATE ON THE RECAPITALISATION TRANSACTIONS.CONSOLIDATED INFRASTRUCTURE GROUP LTD - HEADLINE LOSS PER SHARE FOR FY IS EXPECTED TO BE A LOSS OF BETWEEN 720 CENTS PER SHARE AND 750 CENTS PER SHARE.CONSOLIDATED INFRASTRUCTURE GROUP - FY RESULTS INCLUDE ONGOING RESTRUCTURING INITIATIVES HIGHLIGHTED IN INTERIM RESULTS FOR SIX MONTHS ENDED 28 FEB.CONSOLIDATED INFRASTRUCTURE GROUP LTD - FY RESULTS INCLUDING WRITE-DOWN OF R609 MILLION OF GOODWILL & CARRYING VALUE OF INVESTMENTS IN JOINT ARRANGEMENTS.CONSOLIDATED INFRASTRUCTURE GROUP - REVERSAL OF ABOUT R400 MILLION OF DEFERRED TAX ASSETS RECOGNISED AT INTERIM PERIOD, HAD MATERIAL IMPACT ON FY RESULTS.CONSOLIDATED INFRASTRUCTURE GROUP - COSTS ASSOCIATED WITH RESTRUCTURING AT POWER PROJECTS REMAIN HIGH & CONTINUE TO IMPACT NEGATIVELY ON PROFITABILITY.  Full Article

Consolidated Infrastructure Says Fairfax Africa Holdings Now Holds 5.2 Pct Of Co's Shares
Friday, 5 Oct 2018 

Oct 5 (Reuters) - Consolidated Infrastructure Group Ltd ::RECEIVED NOTIFICATION FROM FAIRFAX AFRICA HOLDINGS CORPORATION OF AN ACQUISITION OF CO'S SHARES.FAIRFAX AFRICA HOLDINGS CORPORATION NOW HOLDS 5.20% OF CONSOLIDATED INFRASTRUCTURE'S ISSUED SHARES.  Full Article

SA's Competition Commission Recommends Fairfax Africa, Consolidated Infrastructure Deal Approval
Wednesday, 26 Sep 2018 

Sept 26 (Reuters) - SA'S COMPETITION COMMISSION::SA'S COMPETITION COMMISSION- COMMISSION RECOMMENDED APPROVAL OF FAIRFAX AFRICA HOLDINGS CORPORATION ACQUISITION OF CONSOLIDATED INFRASTRUCTURE.  Full Article

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