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Distell Group Holdings Ltd (DGHJ.J)

DGHJ.J on Johannesburg Stock Exchange

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Latest Key Developments (Source: Significant Developments)

South Africa Competition Tribunal Says Distell Accuses AB-Inbev, SABMiller Of Breaching Merger Conditions
Wednesday, 11 Sep 2019 

Sept 11 (Reuters) - SOUTH AFRICA COMPETITION TRIBUNAL::DISTELL SAYS AB-INBEV, SAB MILLER MERGED ENTITY OF BREACHED MERGER CONDITIONS, TAKES MATTER TO TRIBUNAL.DISTELL ALLEGED MERGED ENTITY REMOVED COMPETITORS' ADVERTISING MATERIAL FROM OUTLETS; COMMISSION FOUND CONDITIONS NOT BREACHED.DISTELL NOW ASKING TRIBUNAL TO REVIEW, SET ASIDE COMMISSION'S FINDING, FOR A FULL INVESTIGATION TO BE CONDUCTED.TRIBUNAL WILL CONSIDER ALL SUBMISSIONS DURING HEARING, SCHEDULED TO TAKE PLACE ON 12-13 SEPTEMBER 2019.  Full Article

Distell Group Posts FY Comparable Group Revenue Up 9.4%
Wednesday, 28 Aug 2019 

Aug 28 (Reuters) - Distell Group Holdings Ltd ::FY COMPARABLE GROUP REVENUE UP 9.4% ON FLAT VOLUMES.RESOLVED TO DECLARE A GROSS CASH DIVIDEND, NUMBER 3, OF 249,0 CENTS PER SHARE FOR FY ENDED 30 JUNE 2019.FY COMPARABLE GROUP REVENUE GREW BY 9,4% TO R26,2 BILLION ON CONSTANT VOLUMES, WITH REVENUE AT CONSTANT CURRENCY GROWING BY 7,1%.FY HEADLINE EARNINGS PER SHARE (INCLUDING DISCONTINUED OPERATIONS) DOWN BY 1,8% TO 656,4 CENTS.DECIDED IT WOULD BE PRUDENT TO IMPAIR ABOUT TWO-THIRDS OF THE VALUE OF ITS 26% INVESTMENT IN BGB.  Full Article

Distell Says FY Normalised HEPS Is Expected To Increase By Between 11% And 16%
Wednesday, 7 Aug 2019 

Aug 7 (Reuters) - Distell Group Holdings Ltd ::TRADING STATEMENT.REPORTED HEPS FOR CURRENT PERIOD EXPECTED TO DECREASE BETWEEN 1% AND 6% (6,7 CENTS AND 40,1 CENTS) OVER PRIOR PERIOD HEPS OF 668,2 CENTS.REPORTED EPS FOR YEAR ENDED 30 JUNE EXPECTED TO DECREASE BETWEEN 44% AND 49% OVER PRIOR YEAR ENDED 30 JUNE 2018 EPS OF 750,3 CENTS.FY NORMALISED HEPS IS EXPECTED TO INCREASE BY BETWEEN 11% AND 16% OVER THAT OF 722,5 CENTS IN PRIOR PERIOD.FY REPORTED EPS TO DECREASE DUE TO IMPAIRMENT OF R524,0 MILLION OF EQUITY ACCOUNTED INVESTMENT IN BGB.FY REPORTED EPS TO ALSO DECREASE DUE TO CREDIT LOSS PROVISION OF R266,1 MILLION FOR INVESTMENT IN SAVINGS BONDS OF RESERVE BANK OF ZIMBABWE.  Full Article

Distell Group Reports HY HEPS 570,7 Cents
Friday, 1 Mar 2019 

March 1 (Reuters) - Distell Group Holdings Ltd ::UNAUDITED GROUP RESULTS FOR THE SIX MONTHS ENDED 31 DECEMBER 2018 AND CASH DIVIDEND DECLARATION.GLOBAL EXPANSION HAS WEAKENED AND GROWTH FORECASTS FOR 2019 AND 2020 HAVE BEEN REVISED DOWNWARD..HY COMPARABLE GROUP REVENUE GREW BY 9,1% TO R14,4 BILLION ON CONSTANT VOLUMES FROM CONTINUING OPERATIONS.HY REVENUE EXCLUDING EXCISE DUTY GREW BY 9,3%, REPORTED REVENUE GREW BY 7,3% FROM CONTINUING OPERATIONS.HY HEADLINE EARNINGS PER SHARE INCLUDING DISCONTINUED OPERATIONS OF PRIOR YEAR 570,7 CENTS.DIRECTORS HAVE RESOLVED TO DECLARE A GROSS CASH DIVIDEND OF 174,0 CENTS PER SHARE FOR HY.LESS FAVOURABLE WEATHER CONDITIONS IN CERTAIN MAIZE-PRODUCTION AREAS MAY ALSO NEGATIVELY IMPACT ON COUNTRY'S GROWTH OUTLOOK.OVERALL ECONOMIC GROWTH MOMENTUM IS EXPECTED TO PICK UP FROM SECOND HALF OF CALENDAR YEAR.  Full Article

Distell Sees Stronger Q2 Because Of Festive Season
Wednesday, 24 Oct 2018 

Oct 24 (Reuters) - Distell Group Holdings Ltd ::TRADING UPDATE 1 JULY 2018 TO 30 SEPTEMBER 2018.DURING FIRST THREE MONTHS OF NEW FINANCIAL YEAR, RECORDED FLAT GROUP REVENUE GROWTH WITH SINGLE-DIGIT VOLUME DECLINE.ANTICIPATE A STRONGER Q2 FY 2019 GIVEN FESTIVE SEASON DEMAND AND CYCLICAL CUSTOMER ORDERS OVER THIS PERIOD.TOUGH TRADING CONDITIONS IN SOUTH AFRICA PERSIST WHERE CONSUMER DISPOSABLE INCOME REMAINS CONSTRAINED DUE TO RISING COST OF LIVING.SEEN A POSITIVE REVENUE EFFECT DURING FIRST THREE MONTHS ACROSS PORTFOLIO DUE TO FURTHER PRICING DECISIONS TAKEN IN Q1 FY 2019.  Full Article

Distell Group Sees FY HEPS To Be Between 4-8 Pct Lower Than Year Earlier
Wednesday, 22 Aug 2018 

Aug 22 (Reuters) - Distell Group Holdings Ltd ::JSE: DGH - TRADING STATEMENT.DISTELL GROUP HOLDINGS LTD - FY EARNINGS PER SHARE (EPS)IS LIKELY TO BE BETWEEN 24% AND 30% (141,9 CENTS AND 177,4 CENTS) HIGHER THAN YEAR AGO.DISTELL GROUP HOLDINGS - EXPECTS FY HEPS TO BE BETWEEN 4% AND 8% (28,3 CENTS AND 56,7 CENTS) LOWER THAN CORRESPONDING REPORTING PERIOD OF PREVIOUS YEAR.  Full Article

Deals of the day-Mergers and acquisitions

Sept 11 The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Wednesday:

No consensus analysis data available.