Barloworld Ltd. (BWO)

Sector:

Manufacturing

 590.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 590.00
  • 52 Week Low: 590.00
  • Currency: UK Pounds
  • Shares Issued: 212.69m
  • Volume: 0
  • Market Cap: £1,254.89m

Barloworld confirms talks with Caterpillar as revenues improve

By Abigail Townsend

Date: Monday 19 Nov 2018

LONDON (ShareCast) - (Sharecast News) - South Africa's Barloworld is in talks to buy a business from America's Caterpillar, after offloading an underperforming unit earlier this year.
The Johannesburg- and London-listed distributor agreed to sell its Iberian equipment business in April to Italy's Tesa for 2.5bn rand, and chief executive Dominic Sewela told reporters on Monday that had had given himself a year to identify a business to acquire following the sale - and was now in talks with heavy plant specialist Caterpillar.

Barloworld's equipment division is the official dealer for Caterpillar's CAT construction, mining and industrial machine range in a number of countries around the world, including 11 in southern Africa and the Russian far east.

He did not give any further details on the talks, though he did tell Reuters that remaining sale proceeds could be used to buy back shares.

Barloworld also published full-year numbers on Monday. Revenues for the year to 30 September were 63.4bn rand, a 2.4% increase on the previous year, after a "record performance" in Barloworld's Russian equipment business despite "geopolitical challenges" in the region.

Earnings before interest, tax, depreciation and amortisation were 7bn rand, a 4.2% increase, while operating profits were ahead 7.9% at 4.1bn rand.

Sewela said the group had managed to shrug off a "difficult trading and economic environment" to produce a strong set of results.

He added: "The group will continue to focus on driving our businesses to their full potential through the optimal allocation of capital and the execution of our medium-term strategy. This sets a strong foundation for the pursuit of value-enhancing acquisitive growth opportunities."

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Barloworld Ltd. Market Data

Currency UK Pounds
Share Price 590.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 590.00
52 Week Low 590.00
Volume 0
Shares Issued 212.69m
Market Cap £1,254.89m

Barloworld Ltd. Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
96.59% above the market average96.59% above the market average96.59% above the market average96.59% above the market average96.59% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Price Trend
5.46% above the market average5.46% above the market average5.46% above the market average5.46% above the market average5.46% above the market average
6.67% above the sector average6.67% above the sector average6.67% above the sector average6.67% above the sector average6.67% above the sector average
Income
94.28% above the market average94.28% above the market average94.28% above the market average94.28% above the market average94.28% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Growth
22.39% below the market average22.39% below the market average22.39% below the market average22.39% below the market average22.39% below the market average
20.00% above the sector average20.00% above the sector average20.00% above the sector average20.00% above the sector average20.00% above the sector average

What The Brokers Say

Strong Buy 3
Buy 0
Neutral 1
Sell 1
Strong Sell 1
Total 6
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Barloworld Ltd. Dividends

  Latest Previous
  Interim Final
Ex-Div 05-Jun-19 09-Jan-19
Paid 10-Jun-19 14-Jan-19
Amount 165.00¢ 317.00¢

Trades for --2019

Time Volume / Share Price
0 @ 0.000p

Barloworld Ltd. Key Personnel

Finance Director Donald Gert Wilson
Chair Dumisa Buhle Ntsebeza
CEO Dominic Sewela

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