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Massmart Holdings Limited

MSMJ.J

Latest Trade

4,397.00ZAc

Change

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Today's Range

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52 Week Range

3,825.00

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11,669.00

As of on the Johannesburg Stock Exchange ∙ Minimum 15 minute delay

Latest Developments

Massmart Sees Comparable FY HEPS At Least 50% Lower Than Year Earlier

Aug 29 (Reuters) - Massmart Holdings Ltd <MSMJ.J>::MASSMART'S TOTAL SALES FOR 26-WEEK PERIOD OF R43.8 BILLION REPRESENTS TOTAL GROWTH OF 5.5%.COMPARABLE GROWTH OF 3.6% FOR 26-WEEK PERIOD.FOR 33 WEEKS TO 18 AUGUST, TOTAL SALES AMOUNTED TO R55.8 BILLION, REPRESENTING AN INCREASE OF 5.0% OVER PRIOR PERIOD.COMPARABLE STORES' SALES INCREASED BY 3.2% FOR 33 WEEKS TO 18 AUGUST.MASASSUMING NO FURTHER DETERIORATION IN S. AFRICA CONSUMER ECONOMY FOR REMAINDER OF 2019, SEES FY BASIC EPS MAY BE AT LEAST 50% BELOW LAST YEAR.HEADLINE LOSS PER SHARE FOR 26 WEEKS TO JUNE 2019 WAS 364.7 CENTS.EXPECTS THAT FY HEPS MAY BE AT LEAST 50% BELOW LAST YEAR'S HEPS OF 416.5 CENTS PER SHARE ON A COMPARABLE BASIS.DILUTED HEADLINE LOSS PER SHARE FOR 26 WEEKS TO JUNE 2019 WAS 360.4 CENTS.

Massmart Sees HY Headline Loss Per Share Between 240.5 Cents To 249.8 Cents

July 30 (Reuters) - Massmart Holdings Ltd <MSMJ.J>::SALES AND BUSINESS UPDATE AND TRADING STATEMENT FOR THE 26 WEEK PERIOD ENDED 30 JUNE 2019.FOR 26 WEEKS, CO'S SALES OF R43.8BN REPRESENT TOTAL GROWTH OF 5.5%, COMPARABLE SALES GROWTH OF 3.6%, WITH YTD PRODUCT INFLATION OF 2.7%.MARGINS WERE LOWER THAN ANTICIPATED ACROSS ALL DIVISIONS IN MAY AND JUNE.26 WEEKS TOTAL SALES GROWTH FROM SOUTH AFRICAN (SA) STORES WAS 4.9%, WHILE SAME FIGURE FROM OUR EX- SA STORES WAS 11.8% IN RANDS.SEES HY HLPS 240.5 TO 249.8 CENTS.SALES GROWTH SLOWED NOTICEABLY IN SIX-WEEK PERIOD SINCE PREVIOUS UPDATE WITH TOTAL GROWTH OF 3.3% AND COMPARABLE GROWTH OF ONLY 1.9%.SEES HY BASIC LOSS PER SHARE 264.3 TO 273.2 CENTS.

Massmart Says HY Headline Earnings May Be At Least 50% Lower Than Prior Period

May 23 (Reuters) - Massmart Holdings Ltd <MSMJ.J>::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).

Massmart Holdings Says Guy Hayward To Step Down As CEO

May 6 (Reuters) - Massmart Holdings Ltd <MSMJ.J>::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.

Massmart Holdings Says Chris Seabrooke To Step Down As Deputy Chairman

Feb 28 (Reuters) - Massmart Holdings Ltd <MSMJ.J>::SEABROOKE WILL STEP DOWN AS DEPUTY CHAIRMAN AND LEAD INDEPENDENT NON-EXECUTIVE DIRECTOR OF BOARD.RESIGNATION OF ROGER BURNLEY AS NON-EXECUTIVE DIRECTOR OF COMPANY WITH EFFECT FROM 27 FEBRUARY 2018.

South Africa's Massmart earnings drop, cuts dividend

Feb 28 (Reuters) - Massmart Holdings Ltd <MSMJ.J>::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..

Massmart Holdings Sees 2018 HEPS 385.4 - 454.2 Cents

Jan 22 (Reuters) - Massmart Holdings Ltd <MSMJ.J>::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.

Massmart Says Sales Growth Improves In 43 Weeks Ended Oct. 28

Nov 5 (Reuters) - Massmart Holdings Ltd <MSMJ.J>::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%.

Beneficial Interest Of Standard Life Aberdeen In Massmart Is 14.37 Pct

Nov 1 (Reuters) - Massmart Holdings Ltd <MSMJ.J>::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%.

Massmart Posts 42 Pct Drop In H1 Headline Earnings, "Cautiously Optimistic" About FY

Aug 23 (Reuters) - Massmart Holdings Ltd <MSMJ.J>::TOTAL SALES FOR 26-WEEK PERIOD OF R41.6 BILLION REPRESENTED AN INCREASE OF 1.9%.HY HEADLINE EARNINGS DECREASED BY 42.2% TO R210.9 MILLION.HY COMPARABLE STORE SALES INCREASED BY 0.2%.CURRENT WEAKNESS OF DOMESTIC ECONOMY, UNCERTAIN INTEREST'L GEOPOLITICAL SITUATION WHICH IMPACTS OIL PRICE MAKE NEAR- TERM FORECASTING DIFFICULT.MASSMART IS CAUTIOUSLY OPTIMISTIC ABOUT FULL-YEAR'S EARNINGS.GROSS INTERIM CASH DIVIDEND OF 68.0 CENTS PER SHARE, IN RESPECT OF HY ENDED 1 JULY 2018 HAS BEEN DECLARED.INVENTORY BALANCE INCREASED BY 9.2% TO R11.0 BILLION AT HY-END.WILL OPEN ANOTHER 17 STORES OVER REMAINDER OF 2018.LOOKS TO ADD 49 NEW STORES BETWEEN 2018 AND 2020.HY LIKE-ON-LIKE GROSS MARGIN OF 19.6% IS MARGINALLY LOWER THAN PREVIOUS PERIOD.IS CONSIDERING CONVERSION OF SOME RHINO STORES TO CAMBRIDGE AND EVALUATING POTENTIAL NEW METROPOLITAN SITES FOR MAKRO.REVIEWING COMPOSITION OF GROUP'S CURRENT STORE PORTFOLIO.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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