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United Kingdom

Massmart Holdings Ltd (MSMJ.J)

MSMJ.J on Johannesburg Stock Exchange

4,370.00ZAc
20 Aug 2019
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-53.00 (-1.20%)
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Latest Key Developments (Source: Significant Developments)

Massmart Says HY Headline Earnings May Be At Least 50% Lower Than Prior Period
Thursday, 23 May 2019 

May 23 (Reuters) - Massmart Holdings Ltd ::FOR FIRST 20 WEEKS OF 2019 FINANCIAL YEAR, MASSMART'S SALES OF R33.5BN REPRESENTED TOTAL GROWTH OF 6.1% AND COMPARABLE SALES GROWTH 4.1%.FOR FIRST 20 WEEKS OF 2019 FINANCIAL YEAR TOTAL SALES GROWTH FROM OUR SOUTH AFRICAN (SA) STORES WAS 5.4%.FOR FIRST 20 WEEKS OF 2019 FINANCIAL YEAR TOTAL SALES GROWTH IN FOOD WAS 7.3%, LIQUOR 13.3%, DURABLE GOODS 2.2% AND HOME IMPROVEMENT 4.3%.APRIL 2019 YEAR-TO-DATE EBIT FOR ALL FOUR DIVISIONS IS BELOW EQUIVALENT PRIOR YEAR FIGURES.HIT BY MARGIN PRESSURE FROM LOWER SALES PARTICIPATION IN HIGHER-MARGIN DURABLES, HOME IMPROVEMENT CATEGORIES, PRESSURE FROM EXPENSE GROWTH.HY OPERATING EBITDA MAY BE AT A LEVEL SIMILAR TO PRIOR PERIOD (JUNE 2018: R1 211M).HY HEADLINE EARNINGS AND HEADLINE EARNINGS PER SHARE MAY BE AT LEAST 50% LOWER THAN PRIOR PERIOD (JUNE 2018: R204M).  Full Article

Massmart Holdings Says Guy Hayward To Step Down As CEO
Monday, 6 May 2019 

May 6 (Reuters) - Massmart Holdings Ltd ::CHIEF EXECUTIVE OFFICER TO STEP DOWN.CHIEF EXECUTIVE OFFICER, GUY HAYWARD HAS INFORMED BOARD OF HIS DECISION TO STEP DOWN FROM HIS ROLE BEFORE END OF 2019.PROCESS TO APPOINT GUY'S SUCCESSOR IS UNDERWAY.  Full Article

South Africa's Massmart earnings drop, cuts dividend
Thursday, 28 Feb 2019 

Feb 28 (Reuters) - Massmart Holdings Ltd ::FY SALES UP 2.9% TO R90.9 BILLION 2017: R88.4 BILLION.FY HEADLINE EARNINGS DOWN 31.7% TO R901.2 MILLION.FY TOTAL DIVIDEND PER SHARE DOWN 40.1% TO 208.00 CENTS.HANS VAN LIEROP, CFO INDICATED HE IS NOT AVAILABLE TO EXTEND HIS TENURE IN S.A AFTER CONCLUSION OF HIS SOUTH AFRICAN WORK VISA IN FEB 2020.REMAIN CAUTIOUS ABOUT OUTLOOK FOR SOUTH AFRICAN CONSUMER ECONOMY FOR FIRST HALF OF 2019 FINANCIAL YEAR..  Full Article

Massmart Holdings Sees 2018 HEPS 385.4 - 454.2 Cents
Tuesday, 22 Jan 2019 

Jan 22 (Reuters) - Massmart Holdings Ltd ::SALES UPDATE AND TRADING STATEMENT FOR THE 52-WEEK PERIOD ENDED 30 DECEMBER 2018.MASSMART'S TOTAL SALES FOR 52-WEEK PERIOD OF R90.9 BLN INCREASED BY 2.9 PCT.2018 GROSS MARGINS OF 19.46 PCT WERE 18BPS BELOW THOSE FOR 2017 52-WEEK PERIOD.SALES GROWTH SLOWED IN ALL DIVISIONS APART FROM MASSDISCOUNTERS IN BOTH NOV AND DEC.MASSMART HOLDINGS LTD SEES 2018 HEPS 385.4 - 454.2 CENTS.MASSMART HOLDINGS LTD SEES 2018 NORMALISED HEPS 440.4 - 501.6 CENTS.  Full Article

Massmart Says Sales Growth Improves In 43 Weeks Ended Oct. 28
Monday, 5 Nov 2018 

Nov 5 (Reuters) - Massmart Holdings Ltd ::SALES UPDATE FOR THE 43 WEEKS ENDED 28 OCTOBER 2018.SALES GROWTH HAS IMPROVED SINCE OUR PREVIOUS UPDATE WHICH WAS FOR 33 WEEKS TO 19 AUGUST 2018.TOTAL LIKE-ON-LIKE SALES FOR 43-WEEK PERIOD AMOUNTED TO R70.5 BLN AND REPRESENTS AN INCREASE OF 3.5%.LIKE-ON-LIKE STORE SALES INCREASING BY 1.7%. PRODUCT DEFLATION IS ESTIMATED AT 0.4% FOR 43-WEEK PERIOD.TOTAL SALES FOR 43-WEEK PERIOD OF R70.5 BLN REPRESENTS A DECLINE OF 1.5%, WITH COMPARABLE STORE SALES DECLINING BY 3.3%.  Full Article

Beneficial Interest Of Standard Life Aberdeen In Massmart Is 14.37 Pct
Thursday, 1 Nov 2018 

Nov 1 (Reuters) - Massmart Holdings Ltd ::MASSMART HOLDINGS - STANDARD LIFE ABERDEEN GROUP HAVE DISPOSED IN AGGREGATE IN EXCESS OF A MULTIPLE OF 5% OF THEIR TOTAL SECURITIES HELD IN MASSMART..MASSMART HOLDINGS - AGGREGATED BENEFICIAL INTEREST OF STANDARD LIFE ABERDEEN GROUP IN MASSMART IS 14.37%.  Full Article

Massmart Sees HY HEPS Excluding Costs In 124.7 Cents-141.5 Cents Range
Monday, 30 Jul 2018 

July 30 (Reuters) - Massmart Holdings Ltd ::SEES HY HEADLINE EARNINGS EXCLUDING RESTRUCTURING COSTS BETWEEN 124.7 CENTS TO 141.5 CENTS.SEES HY HEADLINE EARNINGS INCLUDING RESTRUCTURING COSTS BETWEEN 89.3 CENTS TO 106.2 CENTS.  Full Article

Massmart Says FY Headline Earnings Increased By 14.0%
Thursday, 22 Feb 2018 

Feb 22 (Reuters) - Massmart Holdings Ltd ::FY ‍GROUP OPERATING PROFIT, EXCLUDING FOREIGN EXCHANGE MOVEMENTS AND INTEREST, INCREASED BY 4.8% TO R2.8 BILLION​.FY ‍TOTAL SALES INCREASED TO R93.7 BILLION, REPRESENTING 2.7% GROWTH​.FY ‍HEADLINE EARNINGS INCREASED BY 14.0% TO R1.5 BILLION​.‍DECLARED GROSS FINAL CASH DIVIDEND OF 271.0 CENTS PER SHARE FOR YEAR ENDED DEC 2017​.‍"HOPEFUL" THAT 2018 SALES ENVIRONMENT WILL BE BETTER THAN 2017​.  Full Article

SA's Competiton Tribunal Says Dismisses Massmart Complaint Against Retailers
Tuesday, 13 Feb 2018 

Feb 13 (Reuters) - SOUTH AFRICA'S ‍COMPETITION TRIBUNAL::UPHELD EXCEPTIONS TAKEN BY RETAILERS SHOPRITE CHECKERS, PICK 'N PAY RETAILERS AND SPAR IN RESPECT OF AMENDED REFERRAL BY MASSMART​.TRIBUNAL FOUND THAT PROBLEMS ASSOCIATED WITH REFERRAL REMAINED AND UPHELD OBJECTIONS​.THERE WOULD BE NO PURPOSE SERVED BY ALLOWING MASSMART OPPORTUNITY TO AMEND ITS REFERRAL, IT DECIDED TO DISMISS REFERRAL WITH COSTS.  Full Article

Massmart says Raboijane Moses Kgosana resigned as non-executive director of company
Wednesday, 13 Sep 2017 

Sept 13 (Reuters) - Massmart Holdings Ltd ::RABOIJANE MOSES KGOSANA RESIGNED AS NON-EXECUTIVE DIRECTOR OF COMPANY WITH IMMEDIATE EFFECT.  Full Article