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PPC Ltd (PPCJ.J)

PPCJ.J on Johannesburg Stock Exchange

793.00ZAc
19 Jan 2018
Change (% chg)

18.00 (+2.32%)
Prev Close
775.00
Open
778.00
Day's High
800.00
Day's Low
750.00
Volume
5,604,634
Avg. Vol
4,274,185
52-wk High
800.00
52-wk Low
344.00

Latest Key Developments (Source: Significant Developments)

PPC Ltd Says Capital Requirements For PPC Barnet Will Be Limited To Interest Payments From Jan 2018 To Jan 2020​‍​
Friday, 19 Jan 2018 

Jan 19 (Reuters) - PPC Ltd :‍​:‍UPDATE ON GROUP LIQUIDITY: PPC BARNET DRC DEBT RESCHEDULING​.HAS BEEN ABLE TO IMPROVE GROUP'S LIQUIDITY POSITION BY FINALISING A CAPITAL REPAYMENT MORATORIUM WITH FUNDERS OF PPC'S DRC OPERATION.‍TOTAL CAPITAL REQUIREMENTS FOR PPC BARNET DRC WILL BE LIMITED TO INTEREST PAYMENTS FROM JANUARY 2018 UP TO JANUARY 2020​.‍PPC BARNET DRC WILL CONTINUE TO MAKE INTEREST PAYMENTS DURING 2 YEAR CAPITAL REPAYMENT MORATORIUM​.  Full Article

Fairfax drops out of bidding for South African cement maker PPC
Monday, 11 Dec 2017 

Dec 11 (Reuters) - PPC Ltd ::NOTIFICATION OF WITHDRAWAL OF FAIRFAX PARTIAL OFFER AND FURTHER CAUTIONARY ANNOUNCEMENT.ON 8 DECEMBER 2017, INDEPENDENT BOARD RECEIVED FAIRFAX'S FORMAL NOTIFICATION THAT IT WILL NOT PROCEED WITH PARTIAL OFFER.PPC LTD BOARD CONTINUES TO ENGAGE WITH LAFARGEHOLCIM IN RESPECT OF ITS APPROACH.  Full Article

PPC Ltd says HY HEPS up 36 pct to 19 cents​
Thursday, 23 Nov 2017 

Nov 23 (Reuters) - PPC LTD ::‍HY GROUP REVENUE INCREASED BY 1% TO R5,2 BILLION​.HY ‍GROUP EBITDA GREW BY 4% TO R1,2 BILLION​.‍HY ATTRIBUTABLE NET PROFIT UP 188% TO R294 MILLION​.‍HY EARNINGS PER SHARE UP 54% TO 20 CENTS​.‍NET DEBT DECLINED FROM R4,7 BILLION IN MARCH 2017 TO R4,4 BILLION​.HY ‍GROUP EBITDA GREW BY 4% TO R1 193 MILLION​.HY HEADLINE EARNINGS PER SHARE ROSE BY 36% TO 19 CENTS​.  Full Article

PPC Ltd sees HY HEPS between 18 cents and 20 cents
Tuesday, 7 Nov 2017 

Nov 7 (Reuters) - PPC Ltd ::‍HY GROUP EBITDA IS EXPECTED TO INCREASE BY 3% - 6% COMPARED WITH PREVIOUS PERIOD​.‍HEADLINE EARNINGS PER SHARE ARE EXPECTED TO RISE BY BETWEEN 30% AND 40% (BETWEEN 18 CENTS AND 20 CENTS) FOR 6 MONTHS ENDED 30 SEPTEMBER 2017​.‍HY NET PROFIT ATTRIBUTABLE TO PPC SHAREHOLDERS IS EXPECTED TO INCREASE BY 180% - 200%.  Full Article

PPC says South African cement business volumes up 6 pct in first 5 months
Friday, 23 Sep 2016 

PPC Ltd : Progress with expansion projects in DRC, Ethiopia, Slurry progressing well with hot commissioning underway at Harare mill in Zimbabwe. . South African cement business has recorded volume growth of 6 pct, however selling prices declined 5 pct . Cement sales volumes in international business are up 8% .Overall margins remain under pressure despite good cost control.  Full Article

PPC says rights issue subscription price of 4 rand/shr
Wednesday, 24 Aug 2016 

PPC Ltd :Rights issue subscription price of 4.00 rand per offer share and in ratio of 160.06486 offer shares for every 100 PPC ordinary shares.  Full Article

PPC Ltd says HY HEPS of 52 cents
Wednesday, 24 Aug 2016 

PPC Ltd : Diluted HY HEPS 52 cents versus 59 cents year ago .HY revenue 4.50 bln rand versus 4.54 bln rand year ago.  Full Article

PPC enters into standby underwriting deal on 4 bln Rand rights offer
Monday, 27 Jun 2016 

PPC Ltd : Advises that it has entered into a standby underwriting agreement in relation to underwriting its proposed rights offer of 4 bln rand . Mandated a syndicate of banks comprising Standard Bank of South Africa, Nedbank, Absa Bank, Rand Merchant Bank, a unit of FirstRand .Joint bookrunners have provided a standby underwriting commitment of 4 bln rand in relation to proposed rights offer.  Full Article

PPC six-month HEPS falls 12 pct
Tuesday, 14 Jun 2016 

PPC Ltd : For six months ended March 31, earnings per share up 35 pct to 70 cents including sale of non-core assets . Group revenue for six months ended March 31 of R4.5 billion - down 1 pct . Six-Month HEPS fell 12 pct to 53 cents (2015: 60 cents) due to weaker trading conditions as well as higher finance costs and depreciation .No dividend is declared.  Full Article

PPC Ltd says intends to raise between 3-4 billion rand via rights issue
Tuesday, 31 May 2016 

PPC Ltd : Sees basic heps for six month period to 31 March 2016 between 10% and 20% lower than basic heps of 60 cents year ago . Debt levels, including non-recourse debt, are anticipated to peak at between 10 billion rand and 12 billion rand in financial year 2017 . Main contributors to expected increase are exceptional items relating to disposal of assets that realised profit before tax of 100 million rand . Intends to raise between 3 billion rand and 4 billion rand in gross proceeds through a rights issue .S&P cut company's long- and short-term South African national scale corporate credit ratings to zabb-/zab from zaa/zaa-2 respectively.  Full Article

South Africa's PPC resigned to remaining single

JOHANNESBURG South African cement producer PPC is not currently interested in selling or buying assets, its chairman said on Thursday, after ending talks about a possible takeover by Swiss group LafargeHolcim .