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09-Oct-2017
(Official Notice)
In the notice of the Argent annual general meeting held 30 August 2017 (?the AGM?), shareholders approved the repurchase of ordinary shares by way of a special resolution. Shareholders were further advised that any repurchases under the general authority would be at market value in accordance with the provisions set out under the relevant special resolution. At the AGM, shareholders granted a general authority to the board of Argent to repurchase up to 20% of the issued ordinary share capital of Argent.



Shareholders were advised that Argent has repurchased 122 808 ordinary shares, representing 0.13% of the issued ordinary share capital as at the date of the authority to repurchase the ordinary shares was granted, out of the Company?s available cash resources. The ordinary shares were repurchased for an aggregate value of R540 172.92.



The repurchases were made in terms of the general authority granted by shareholders at the AGM, and were effected through the order book operated by the JSE trading system without any prior understanding or arrangement between the Company and the counterparties. The general repurchase of ordinary shares has been complied with in terms of paragraph 5.72(a) of the JSE Listings Requirements. The ordinary shares repurchased will be de-listed and cancelled upon registration of the ordinary shares in the name of Argent.



Argent is entitled to repurchase a further 18 700 084 ordinary shares (19.66% of the ordinary shares in issue as at the date of the authority), in terms of the current general authority, which is valid until Argent?s next annual general meeting.



As at the date of this announcement, the Company held 4 682 941 ordinary shares in treasury.
29-Sep-2017
(Official Notice)
In the notice of the Argent annual general meeting held 30 August 2017 (?the AGM?), shareholders approved the repurchase of ordinary shares by way of a special resolution. Shareholders were further advised that any repurchases under the general authority would be at market value in accordance with the provisions set out under the relevant special resolution. At the AGM, shareholders granted a general authority to the board of Argent to repurchase up to 20% of the issued ordinary share capital of Argent.



Shareholders are hereby advised that Argent has repurchased 202 068 ordinary shares, representing 0.21% of the issued ordinary share capital as at the date of the authority to repurchase the ordinary shares was granted, out of the Company?s available cash resources. The ordinary shares were repurchased for an aggregate value of R868 265.61.



The repurchases were made in terms of the general authority granted by shareholders at the AGM, and were effected through the order book operated by the JSE trading system without any prior understanding or arrangement between the Company and the counterparties. The general repurchase of ordinary shares has been complied with in terms of paragraph 5.72(a) of the JSE Listings Requirements.



The ordinary shares repurchased will be de-listed and cancelled upon registration of the ordinary shares in the name of Argent. Argent is entitled to repurchase a further 18 822 892 ordinary shares (19.79% of the ordinary shares in issue as at the date of the authority), in terms of the current general authority, which is valid until Argent?s next annual general meeting. As at the date of this announcement, the Company held 4 682 941 ordinary shares in treasury.



The impact of the repurchase of the ordinary shares on the financial information of the Company is immaterial. The ordinary shares were repurchased from excess cash resources of the Company.
30-Aug-2017
(Official Notice)
Shareholders are hereby advised that at the annual general meeting of the Company held at 10h00 today, 30 August 2017, in the Company?s boardroom at First Floor, Ridge 63, 8 Sinembe Crescent, La Lucia Ridge Office Estate, Umhlanga (?Annual General Meeting?), all of the proposed ordinary and special resolutions were passed by the requisite majority of votes cast by Argent shareholders present or represented by proxy. The detailed voting results of the AGM are set out below.



Altogether 67.80% of voteable shares in issue, being 64 633 140 shares, were represented at the AGM.



22-Aug-2017
(Official Notice)
In the notice of the Argent annual general meeting held 5 September 2016 (?the AGM?), shareholders approved the repurchase of ordinary shares by way of a special resolution. Shareholders were further advised that any repurchases under the general authority would be at market value in accordance with the provisions set out under the relevant special resolution. At the AGM, shareholders granted a general authority to the board of Argent to repurchase up to 20% of the issued ordinary share capital of Argent.



Shareholders are hereby advised that Argent has repurchased 200 000 ordinary shares, representing 0.21% of the issued ordinary share capital as at the date of the authority to repurchase the ordinary shares was granted, out of the Company?s available cash resources. The ordinary shares were repurchased for an aggregate value of R971 920.00.



The repurchases were made in terms of the general authority granted by shareholders at the AGM, and were effected through the order book operated by the JSE trading system without any prior understanding or arrangement between the Company and the counterparties. The general repurchase of ordinary shares has been complied with in terms of paragraph 5.72(a) of the JSE Listings Requirements. The ordinary shares repurchased will be de-listed and cancelled upon registration of the ordinary shares in the name of Argent.



Argent is entitled to repurchase a further 18 864 960 ordinary shares (19.79% of the ordinary shares in issue as at the date of the authority), in terms of the current general authority, which is valid until Argent?s next annual general meeting. As at the date of this announcement, the Company held 4 682 941 ordinary shares in treasury.



The impact of the repurchase of the ordinary shares on the financial information of the Company is immaterial. The ordinary shares were repurchased from excess cash resources of the Company.
29-Jun-2017
(C)
24-Feb-2017
(Official Notice)
Shareholders are referred to the announcement by the Finance Minister Pravin Gordhan on 22 February 2017 during the delivery of the 2017 Budget, that the dividend withholding tax has been increased from 15% to 20%. The effective date of the new rate is in respect of all dividends paid on or after 22 February 2017.



Further to the SENS announcement released by Argent on 17 November 2016, in respect of the unaudited condensed consolidated interim financial statements for the six months period ended 31 December 2016 which included a dividend declaration, shareholders are requested to refer to the amended dividend declaration paragraph included below:



DIVIDEND

Subsequent to 30 September 2016, an interim gross dividend of 10 cents per share was approved and declared by the Board of Directors for the six month period ending 30 September 2016 from income reserves. The following dates will apply to the abovementioned interim dividend:

*Last day to trade cum dividend: Monday, 20 March 2017

*Trading ex-dividend commences: Wednesday, 22 March 2017

*Record date: Friday, 24 March 2017

*Dividend payment date: Monday, 27 March 2017



Share certificates may not be dematerialised or rematerialised between Wednesday, 22 March 2017, and Friday, 24 March 2017, both days inclusive. In determining the dividends tax (DT) of 20% to withhold in terms of the Income Tax Act (Act No. 58 of 1962), those shareholders who are not exempt from the DT will therefore receive a dividend of 8.00 cents per share net of DT. The company has 95 324 800 ordinary shares in issue and its income tax reference number is 9096/002/71/3. Ordinary shareholders who hold dematerialised shares will have their accounts at their CSDP or broker credited/updated on Monday, 27 March 2017.

17-Nov-2016
(C)
Revenue for the interim period grew to R940.1 million (R847.6 million). Operating profit before finance costs jumped to R60.3 million (R46.6 million). Profit attributable to equity holders of the parent rose to R38.2 million (R28.7 million). In addition, headline earnings per share increased to 42.5 cents per share (33.5 cents per share).



Dividend

Subsequent to 30 September 2016, an interim gross dividend of 10 cents per share was approved and declared by the Board of Directors for the six month period ending 30 September 2016 from income reserves.



Outlook

The outlook remains positive. The group will continue to focus on its exports and manufacturing operations whilst limiting its exposure to the steel trading operations and correcting the automotive sector.



The group will continue repurchasing its own shares and have repurchased 560 227 shares in the period under review.
21-Sep-2016
(Official Notice)
Headline earnings per share for the 6 months ended 30 September 2016 are expected to be between 15.4% and 35.4% higher at 38.6 and 45.3 cents per share than the 33.5 cents per share reported for the previous corresponding period.



Earnings per share for the 6 months ended 30 September 2016 are expected to be between 23.5% and 43.5% higher at 38.5 and 44.8 cents per share than the 31.2 cents per share reported for the previous corresponding period.



The above information has not been reviewed or reported on by the company?s external auditors. It is anticipated that the results for the six months ended 30 September 2016 are to be published on SENS on or about 17 November 2016.





05-Sep-2016
(Official Notice)
Shareholders are hereby advised that at the annual general meeting of the company held at 10h00 today, 5 September 2016, in the company?s boardroom at First Floor, Ridge 63, 8 Sinembe Crescent, La Lucia Ridge Office Estate, Umhlanga (?Annual General Meeting?), all of the proposed ordinary and special resolutions, save for special resolution number 3, were passed by the requisite majority of votes cast by Argent shareholders present or represented by proxy. The detailed voting results of the annual general meeting are set out below.



Altogether 62.64% of voteable shares in issue, being 59 837 512 shares, were represented at the AGM.





02-Sep-2016
(Official Notice)
Shareholders approved the repurchase of ordinary shares by way of a special resolution. Shareholders were further advised that any repurchases under the general authority would be at market value in accordance with the provisions set out under the relevant special resolution. At the AGM, shareholders granted a general authority to the board of Argent to repurchase up to 20% of the issued ordinary share capital of Argent.



Shareholders are hereby advised that Argent has repurchased 200 000 ordinary shares, representing 0.21% of the issued ordinary share capital as at the date of the authority to repurchase the ordinary shares was granted, out of the Company?s available cash resources. The ordinary shares were repurchased for an aggregate value of R800 000.00.



The repurchases were made in terms of the general authority granted by shareholders at the AGM, and were effected through the order book operated by the JSE trading system without any prior understanding or arrangement between the Company and the counterparties. The general repurchase of ordinary shares has been complied with in terms of paragraph 5.72(a) of the JSE Listings Requirements. The ordinary shares repurchased will be de-listed and cancelled upon registration of the ordinary shares in the name of Argent.



Argent is entitled to repurchase a further 18 132 317 ordinary shares (18.79% of the ordinary shares in issue as at the date of the authority), in terms of the current general authority, which is valid until Argent?s next annual general meeting. As at the date of this announcement, the Company held 4 682 941 ordinary shares in treasury.
24-Aug-2016
(Official Notice)
Shareholders are hereby informed of the resignation of Mr. Patrick Day (?Pat?) as an independent non-executive director with effect from 24 August 2016. Pat has decided to retire and dedicate more time to his personal interests.



Mr. Panagiotis Christofides (?Pedro?) has been appointed to replace Mr. Patrick Day with immediate effect as an independent non-executive director. Pedro will become a member of the audit and risk committee, nomination committee as well as the remuneration committee.



Shareholders are informed that due to the resignation of Mr. Patrick Day from the nominations committee, Mr. Clayton Angus will be appointed as chair of the nominations committee with effect from 24 August 2016.



10-Aug-2016
(Official Notice)
11-Jul-2016
(Official Notice)
Argent announces that it has entered into an agreement to purchase the entire issued share capital of OSA from Ensor Holdings PLC for a purchase consideration of GBP2 500 000 payable in cash (?the Transaction?).



The rationale for the Transaction is to expand Argent?s manufacturing brand division.



The description of the Business

OSA is a manufacturer and trade supplier of industrial sectional insulated warehouse doors. The Business is situated in and predominantly operates in the United Kingdom.



The consideration, conditions precedent and effective date.

The cash consideration of GBP2 500 000 to be settled in cash within 24 hours after the completion date of the agreement being 12 July 2016. The Transaction will be implemented on 12 July 2016.



There are no outstanding conditions precedent.



Financial Information

The value of net assets attributable to the Business amounts to GBP850 000.



The profits attributable to the Business amounts to GBP400 000 after taxation.



The financial information contained in this announcement has not been reviewed or reported on by Argent?s auditors.



Categorisation

As the Transaction amounts to more than 5% but less than 30% of the market capitalisation, the Transaction is classified as a category 2 transaction in terms of paragraph 9.5 of the JSE Listings Requirements.



This announcement is made for information purposes only and no action is required by Argent shareholders with regards to the Transaction.



The Memorandum of Incorporation of OSA does not conflict with Argent?s obligations in terms of compliance with the JSE Listing Requirements.





29-Jun-2016
(Official Notice)
Revenue for the year decreased to R1.7 billion (R1.8 billion). Operating profit before interest and finance costs rose to R91.2 million (R58.1 million). Profit for the year attributable to equity holders more than doubled to R55.1 million (R26.1 million). Furthermore, headline earnings per share jumped to 62.8 cents per share (40.8 cents per share).



Dividend

The directors have declared and approved a final gross dividend of 9 cents per share for the year ended 31 March 2016 from income reserves. Total ordinary dividends per share in respect of the financial year to 31 March 2016 therefore amounts to 18 cents (2015 - 17 cents).



Abridged financial statements and notice of Annual General Meeting

The abridged financial statements for the financial year ended 31 March 2016, is expected to be posted to shareholders on or about the 29 June 2016 (?the Abridged Financial Statements?). The annual report will be available on the company?s website, www.argent.co.za on 29 June 2016.



Notice is hereby given that Argent?s Annual General Meeting (AGM) of shareholders will be held in the company?s boardroom at First floor, Ridge 63, 8 Sinembe Crescent, La Lucia Ridge Office Estate, Umhlanga, on Monday, 5 September 2016 at 10:00 to transact the business as stated in the notice of AGM circulated together with the condensed financial statements. The date on which shareholders must be recorded as such in the share register to be eligible to vote at the AGM is Friday, 26 August 2016, with the last day to trade being Tuesday, 23 August 2016.



Outlook

The outlook for the group remains positive with the increased steel prices assisting the one sector that is a concern to the group. The manufacturing entities remain strong and with increased focus on exports being the driver for this period, we expect to see growth in these businesses. Recent restructuring in the paint business is seeing results in that the business has turned to positive in the current 2 months.



The group is actively pursuing new business opportunities to extend the manufacturing divisions business and is currently in negotiations to purchase a manufacturer of overhead structural insulated warehouse doors. The business is situated and operates predominantly in the United Kingdom.
06-Jun-2016
(Official Notice)
Headline earnings per share for the year ended 31 March 2016 are expected to be between 43% and 63% higher at 58.3 and 66.5 cents per share than the 40.78 cents per share reported for the previous corresponding period.



Earnings per share for the year ended 31 March 2016 are expected to be between 99.8% and 119.8% higher at 56.9 and 62.6 cents per share than the 28.47 cents per share reported for the previous corresponding period.



The above information has not yet been reviewed or reported on by the company?s external auditors. It is anticipated that the audited results for the year ended 31 March 2016 are to be published on SENS on or about 29 June 2016.



18-May-2016
(Official Notice)
The shareholders are hereby informed of the resignation of Mrs. Jennifer Ann Etchells (Jenny) as an independent non-executive director with effect from 16 May 2016.



Mr. Clayton Dean Angus has been appointed to replace Mrs. Jenny with immediate effect as an independent non-executive director. Clayton will chair the audit and risk committee and remuneration committee, and will become a member of the social and ethics committee as well as the nomination committee.



18-Apr-2016
(Official Notice)
In the notice of the Argent annual general meeting held 20 August 2015 (?the AGM?), shareholders approved the repurchase of ordinary shares by way of a special resolution. Shareholders were further advised that any repurchases under the general authority would be at market value in accordance with the provisions set out under the relevant special resolution. At the AGM, shareholders granted a general authority to the board of Argent to repurchase up to 20% of the issued ordinary share capital of Argent.



Shareholders are hereby advised that Argent has repurchased 160 227 ordinary shares, representing 0.17% of the issued ordinary share capital as at the date of the authority to repurchase the ordinary shares was granted, out of the Company?s available cash resources. The ordinary shares were repurchased for an aggregate value of R676 677.24. The ordinary shares repurchased will be de-listed and cancelled upon registration of the ordinary shares in the name of Argent. Argent is entitled to repurchase a further 18 532 317 ordinary shares (19.21% of the ordinary shares in issue as at the date of the authority), in terms of the current general authority, which is valid until Argent?s next annual general meeting.



As at the date of this announcement, the Company held 4 682 941 ordinary shares in treasury. The impact of the repurchase of the ordinary shares on the financial information of the Company is immaterial. The ordinary shares were repurchased from excess cash resources of the Company.
16-Feb-2016
(Official Notice)
In the notice of the Argent annual general meeting held 20 August 2015 (?the AGM?), shareholders approved the repurchase of ordinary shares by way of a special resolution. Shareholders were further advised that any repurchases under the general authority would be at market value in accordance with the provisions set out under the relevant special resolution. At the AGM, shareholders granted a general authority to the board of Argent to repurchase up to 20% of the issued ordinary share capital of Argent.



Shareholders are hereby advised that Argent has repurchased 201 420 ordinary shares, representing 1.04% of the issued ordinary share capital as at the date of the authority to repurchase the ordinary shares, out of the Company?s available cash resources. The ordinary shares were repurchased for an aggregate value of R740 956.90.



The repurchases were made in terms of the general authority granted by shareholders at the AGM, and were effected through the order book operated by the JSE trading system without any prior understanding or arrangement between the Company and the counterparties.



The ordinary shares repurchased will be de-listed and cancelled upon registration of the ordinary shares in the name of Argent. Argent is entitled to repurchase a further 18 692 544 ordinary shares (19.37% of the ordinary shares in issue as at the date of the authority), in terms of the current general authority, which is valid until Argent?s next annual general meeting.



As at the date of this announcement, the Company held 4 682 941 ordinary shares in treasury. The impact of the repurchase of the ordinary shares on the financial information of the Company is immaterial. The ordinary shares were repurchased from excess cash resources of the Company.

14-Dec-2015
(Official Notice)
17-Nov-2015
(Official Notice)
Shareholders are referred to the unaudited interim condensed consolidated results announcement released on SENS on 17 November 2015, which included the declaration by the Company of an interim dividend.



Shareholders are hereby advised to note the revised dates in respect of the interim dividend, being:

*Last day to trade cum dividend: Wednesday, 16 March 2016

*Trading ex-dividend commences: Thursday, 17 March 2016

*Record date: Thursday, 24 March 2016

*Dividend payment date: Tuesday, 29 March 2016



Share certificates may not be dematerialised or rematerialised between Thursday, 17 March 2016, and Thursday, 24 March 2016, both days inclusive.



In determining the dividends tax (DT) of 15% to withhold in terms of the Income Tax Act (Act No. 58 of 1962) those shareholders who are not exempt from the DT will therefore receive a dividend of 7.65 cents per share net of DT. The group has 96 290 594 ordinary shares in issue and its income tax reference number is 9096/002/71/3.



In the absence of specific mandates, dividend cheques will be posted to certificated shareholders on or about Tuesday, 29 March 2016. Ordinary shareholders who hold dematerialised shares will have their accounts at their CSDP or broker credited/updated on Tuesday, 29 March 2016.
17-Nov-2015
(C)
Revenue for the interim period lowered to R847.6 million (R937.5 million). Operating profit before finance costs rose to R46.6 million (R43.2 million). Profit attributable to equity holders was higher at R28.7 million (R23.5 million). In addition, headline earnings per share increased to 33.5cps (28.9cps).



Dividend

Subsequent to 30 September 2015, an interim gross dividend of 9 cents per share was approved and declared by the Board of Directors for the six-month period ending 30 September 2015 from income reserves.



Outlook

Argent is pleased by the performance of the group?s core manufacturing entities and continue to focus on non-performing assets in order to ?fix or exit? these businesses. A substantial portion of the group?s income is derived from manufacturing, which, with the sustained weakness of the Rand, bodes well for group.



The group?s overseas businesses are performing very well, with 54% of the profit before tax coming from this geographic segment compared to 31% in the previous period. Additional export opportunities are the key focus for the short to medium term.



While all divisions are suffering under various negative factors, including input costs, increased regulatory demands, weak commodity prices and power outages, the group is adapting strategies to deal with these challenges continuously.



The group is sitting on a full order book for October to December, both locally and overseas, subject to the unforeseen, and we expect the second six months to track the first six months, backed by an improvement in the steel trading division.
11-Nov-2015
(Official Notice)
Headline earnings per share for the six months ended 30 September 2015 are expected to be between 30.6 and 36.38 cents per share, which is between 6% and 26% higher than the 28.9 cents per share reported for the previous corresponding period.



Earnings per share for the six months ended 30 September 2015 are expected to be between 28.66 and 33.8 cents per share, which is between 11.51% and 31.51% higher than the 25.7 cents per share reported for the previous corresponding period.



It is anticipated that the results for the six months ended 30 September 2015 are to be published on SENS on or about 17 November 2015.
21-Sep-2015
(Official Notice)
27-Aug-2015
(Official Notice)
Shareholders are advised that the company has entered into negotiations and a due diligence on a potential acquisition, which if successfully concluded will diversify the sustainable earnings of the group. Shareholders will be advised once progress on the acquisition has been made.
25-Aug-2015
(Official Notice)
Shareholders are informed that the engagement partner on Argent has changed from Deepak Nagar to Ahmed Timol due to rotation regulations.
20-Aug-2015
(Official Notice)
Shareholders are hereby advised that at the annual general meeting of the Company held at 10h00 today, 20 August 2015, in the Company?s boardroom at First Floor, Ridge 63, 8 Sinembe Crescent, La Lucia Ridge Office Estate, Umhlanga (?Annual General Meeting?), all of the proposed ordinary and special resolutions, save for ordinary resolution number 8, were passed by the requisite majority of votes cast by Argent shareholders present or represented by proxy. The detailed voting results of the Annual General Meeting are set out below.



Shareholders are further advised, in terms of paragraphs 3.59 of the Listings Requirements of the JSE Limited, that Mr Clayton Angus, being a non-executive director of the Company, was not nominated to be re-elected at the Annual General Meeting and has resigned as a director of the Company with effect from 20 August 2015.
30-Jun-2015
(C)
Revenue for the year lowered to R1.8 million (R1.9 million). Operating profit came in at R58.1 million (loss of R184.2 million). Profit attributable to equity holders was R26.1 million (loss of R193.6 million). In addition, headline earnings per share jumped to 40.8 cents per share (14.6 cents per share).



Dividend

The directors have declared and approved a final gross dividend of 9 cents per share for the year ended 31 March 2015 from income reserves. Total ordinary dividends per share in respect of the financial year to 31 March 2015 therefore amounts to 17 cents (2014 - 14 cents).



Condensed annual financial statements and notice of Annual General Meeting (AGM)

The condensed annual financial statements for the financial year ended 31 March 2015, is expected to be posted to shareholders on or about the 30 June 2015 (?the Condensed Annual Financial Statements?). The annual report will be available on the company?s website, www.argent.co.za on 30 June 2015.



Notice is hereby given that Argent?s Annual General Meeting (AGM) of shareholders will be held in the company?s boardroom at First floor, Ridge 63, 8 Sinembe Crescent, La Lucia Ridge Office Estate, Umhlanga, on Thursday, 20 August 2015 at 10:00 to transact the business as stated in the notice of AGM circulated together with the condensed annual financial statements. The date on which shareholders must be recorded as such in the share register to be eligible to vote at the AGM is Friday, 14 August 2015, with the last day to trade being Thursday, 6 August 2015.



Outlook

The group has consolidated its core business around its branded manufacturing companies. Argent's main focus will be to build these brands whilst continuing with production automation. A key objective of the board of directors is to increase the number of exports and offshore operations to further reduce exposure to South African labour issues and currency fluctuations.
23-Jun-2015
(Official Notice)
In terms of paragraph 3.4 (b) of the Listing Requirements of the JSE Ltd., companies are required to publish a trading statement as soon as they are satisfied that there is a reasonable degree of certainty that the financial results for the next reporting period will differ by more than 20% from those of the previous corresponding period.



Shareholders are referred to the trading statement released on SENS on 23 April 2015 and are advised that due to an improved assessment of Giflo Engineering (Bophuthatswana) (Pty) Ltd. the earnings per share and headline earnings per share for the year ended 31 March 2015 are expected to differ from those released in the abovementioned announcement.



Headline earnings per share for the year ended 31 March 2015 are expected to be between 39.3 and 42.2 cents per share compared to 14.6 cents per share in the previous corresponding period, being between 169% and 189% higher. The basic earnings per share for the year ended 31 March 2015 is expected to be between 7.3 and 49.6 cents per share compared to the basic loss per share of 211.4 cents in the previous corresponding period, being an increase of between 103% and 123%.



The audited results for the year ended 31 March 2015 are to be published on SENS on 30 June 2015.
23-Apr-2015
(Official Notice)
04-Dec-2014
(C)
Revenue decreased to R937.5 million (R1 billion). Operating profit before finance costs jumped to R43.2 million (R29.6 million). Profit attributable to owners increased to R23.5 million (R13.1 million). Furthermore, headline earnings per share increased to 28.9 cents per share (18.7cps).



Dividend

An interim gross dividend of 8 cents per share has been approved and declared by the Board of Directors subsequent to 30 September 2014 for the six months period ending 30 September 2014 from income reserves.



Outlook

Argent's strategic growth plan implemented in conjunction with last year?s restructure is on track and has created a solid platform.



We will continue to consolidate our core business around our branded manufacturing companies. Our main focus will continue to be production automation, improving internal effectiveness and growing the market share of our respective brands.



We are not expecting any labour-related action in the medium term as the Industrial sector has signed a three-year wage agreement. A repeat of the R22.7 million cost to the group from the July labour strike action is therefore not expected in the next three years.



Our focus on automation is bearing fruit, as can be seen from increased margins and the reduction of permanent staff from 2 774 to 2 538 people. This excludes the planned staff reduction at Sentech Industries.



The key objective of the Board of Directors is to increase the number of exports and offshore operations to further reduce exposure to South Africa?s labour problems and currency fluctuations.
29-Oct-2014
(Official Notice)
Shareholders are referred to the AGM which was held at Argent's office, First Floor, Ridge 63, 8 Sinembe Crescent, La Lucia Ridge Office Estate, Umhlanga on Tuesday 28 October 2014 at 14:00 and are advised that all ordinary and special resolutions proposed in the Notice of Annual General Meeting were passed, other than ordinary resolution 11 relating to the placing of unissued shares under control of the directors, by the requisite number of shareholders present and represented by proxy and being entitled to vote at the AGM.



Total shares voted in person or by proxy amounted to 56.53% of total issued share capital, being 54 545 571 shares.

13-Oct-2014
(Official Notice)
In terms of paragraph 3.4 (b) of the Listings Requirements of the JSE Ltd., companies are required to publish a trading statement as soon as they are satisfied that there is a reasonable degree of certainty that the financial results for the next reporting period will differ by more than 20% from those of the previous corresponding period.



Headline earnings per share for the six months ended 30 September 2014 are expected to be between 27.7 and 31.5 cents per share, which is between 48.8% and 68.8% higher than the 18.7 cents per share reported for the previous corresponding period.



Earnings per share for the six months ended 30 September 2014 are expected to be between 25 and 28 cents per share, which is between 74.7% and 94.7% higher than the 14.3 cents per share reported for the previous corresponding period.



In addition, the pre-tax results would have increased by a further R24 million had the company not been effected by the 4 week July 2014 industrial strike action. The strike, although legal, created an unprecedented level of illegal picketing which totally shut down the effected companies and nullified most of our contingency plans.



The above information has not been reviewed or reported on by the company's external auditors. It is anticipated that the results for the six months ended 30 September 2014 are to be published on SENS on or about 20 November 2014.

12-Sep-2014
(Official Notice)
27-Jun-2014
(C)
17-Jun-2014
(Official Notice)
Shareholders are hereby informed of the resignation of Mr Patrick Day as a member of the audit and risk committee and the appointment of Mrs Jenny Etchells to the audit and risk committee with effect from 17 June 2014.
09-May-2014
(Official Notice)
19-Dec-2013
(Official Notice)
Shareholders are informed of the appointment of Mrs Jenny Etchells to the remuneration committee with effect from 18 December 2013.
04-Dec-2013
(C)
Revenue jumped to R1.0 billion (R929.3 million). Operating profit before finance costs declined to R29.6 million (R67.0 million). Profit attributable to owners fell to R13.1 million (R42.2 million). Furthermore, headline earnings per share decreased to 18.7 cents per share (47.0cps).



Dividend

An interim gross dividend of 7 cents per share has been declared subsequent to 30 September 2013 for the six months period ending 30 September 2013.



Outlook

The group is creating its core business around its branded manufacturing companies and will be focusing on the respective market shares and production automation of these operations. The group will continue to streamline its steel trading businesses and realise assets surplus to requirements, with the strategy of using the resultant cash flows to buy back its own shares.
01-Nov-2013
(Official Notice)
Headline earnings per share and earnings per share for the six months ended 30 September 2013 are expected to be between 12.7 and 22.1 cents per share and 8.5 and 17.7 cents per share respectively, compared to headline earnings per share and earnings per share of 47.0 cents per share and 46.1 cents per share respectively, as reported on in the previous corresponding period.



Argent's operating profits were affected by strikes in four of its divisions which are estimated to have cost the group R7.2 million. The volatility and devaluation of the Rand / Dollar exchange rate has resulted in foreign exchange losses on imports to the value of R8.3 million. The group has discontinued certain of its automotive product lines which will result in a write down of R19.3 million related stock and the retrenchment of 43 operators at a cost of R0.8 million. The total amount of R20.1 million has been provided for.



Argent has also closed its banking division which fell under Barrier Angelucci. This resulted in retrenchments of 28 people at a cost of R1 million, write down of stock of R2 million and a goodwill impairment of R4.5 million, all of which have been provided for. Should the once-off items incurred during this period as detailed above be excluded, the group?s results would have improved if compared to the previous year for the same period. With this in mind the Board has recommended an interim dividend which will be in line with this improvement.



The above information has not been reviewed or reported on by the company?s external auditors. It is anticipated that the results for the six months ended 30 September 2013 are to be published on SENS on or about 26 November 2013.
18-Sep-2013
(Official Notice)
Shareholders were informed of the resignation of Mr Marc Allen as Executive Director with effect from 17 September 2013.
28-Aug-2013
(Official Notice)
In order to restructure the board committees to ensure good corporate governance and in compliance with paragraph 3.59(c) of the Listings Requirements of the JSE Limited, shareholders are hereby informed of the following changes to the board committees of the Company with effect from 28 July 2013:

*Teunis Scharrighuisen - Non-executive chairman

*Mr. Scharrighuisen has resigned as a member of the Audit and Risk Committee; and

*Mr. Scharrighuisen has also resigned as chairman of the Nominations Committee but remains a member thereof.

*Clayton Angus - Independent non-executive director

*Mr. Angus has resigned as the chairman of the Nominations Committee but remains a member thereof.

*Patrick Day -Lead Independent non-executive director

*Mr. Day has been appointed the chairman of the Nominations Committee.

21-Aug-2013
(Official Notice)
Shareholders were referred to the AGM which was held at Argent's office, First Floor, Ridge 63, 8 Sinembe Crescent, La Lucia Ridge Office Estate, Umhlanga on Tuesday 20 August 2013 at 14:00 and were advised that, save for Ordinary Resolution 12 (general authority to issue shares for cash), all ordinary and special resolutions proposed in the Notice of Annual General Meeting were passed by the requisite number of shareholders present and represented by proxy and being entitled to vote at the AGM.
30-Jul-2013
(Official Notice)
Shareholders were informed of the appointment of Mr Jaco Dauth as Company Secretary with effect from 1 August 2013.
26-Jun-2013
(C)
Revenue increased to R1.9 billion (2012: R1.8 billion). Operating profit increased to R126.2 million (2012: R121.4 million). Net income attributable to owners also rose to R76.2 million (2012: R69.8 million). Consequently, headline earnings per share went up to 85.9cps (2012: 77.1cps).



Dividend

The directors have declared a final gross dividend of 7cps for the year ended 31 March 2013.



Prospects

The group's future remains very positive and all efforts are being concentrated on improving its overall trading margins. The quest for margin has resulted in the group becoming more orientated towards manufacturing rather than trading.



AGM notice

Notice is hereby given that Argent?s annual general meeting of shareholders will be held in the Argent Industrial Ltd boardroom, First floor, Ridge 63, 8 Sinembe Crescent, La Lucia Ridge Office Estate, Umhlanga, on Tuesday, 20 August 2013, at 14:00 to transact the business as stated in the notice of annual general meeting circulated together with the condensed annual financial statements. The date on which shareholders must be recorded as such in the share register to be eligible to vote at the annual general meeting is Thursday, 8 August 2013, with the last day to trade being Thursday, 1 August 2013.

12-Jun-2013
(Official Notice)
Shareholders are hereby informed of the resignation of Mr Mark du Toit as company secretary with effect from 31 July 2013. The replacement for Mark will be announced once a suitable candidate has been found.
25-Mar-2013
(Official Notice)
Shareholders are informed of the appointment of Mr Clayton Angus ("Clayton") as an Independent Non-executive Director with effect from 25 March 2013.
12-Feb-2013
(Official Notice)
Argent through its wholly-owned subsidiary GHL Properties (Pty) Ltd. ("GHL") entered into a disposal agreement with NWN Automotive Precision Engineering (Pty) Ltd. ("NWN") in terms of which GHL has agreed to dispose of a property that is an industrial factory ("the Disposal") and is situated at, Portion 56 of Erf 534, Wadeville, Extension 2, Mullet Road, Durban ("the Property").



Cash consideration and conditions precedent

The cash consideration of R7 500 000 (seven million five hundred thousand rand) will be settled in full upon transfer of the Property. The Disposal is not subject to any conditions precedent.



Effective date

The effective date of the Disposal will be the transfer date of the Property into the name of NWN.
13-Nov-2012
(Official Notice)
Shareholders were informed of the resignation of Mr. Mark Antonic as Executive Director and Mr. Gavin Youngman as Alternate Director with effect from 30 November 2012.



Mr. Gavin Youngman will become responsible for the general management of one of Argent's subsidiaries, Atomic Office Equipment.



Mr. Mark Antonic will be taking over the management of Argent's joint venture. The nature of this involves extensive travelling and dedicated focus.
07-Nov-2012
(C)
Revenue increased to R929.3 million (R913.6 million). Operating profit before finance costs rose to R67 million (R66.2 million). Net attributable profit improved to R42.2 million (R38.6 million). In addition, headline earnings per share grew to 47cps (42.6cps).



Dividend

A gross interim ordinary dividend of 6cps has been declared.



Outlook

Despite still facing many obstacles especially in the steel and automotive industries as well as the volatile labour environment in South Africa, the board is firmly of the belief that the group's future outlook continues to be very positive and assures shareholders that everything possible is being done to improve overall trading margins and market share.
22-Aug-2012
(Official Notice)
Shareholders are advised that at the AGM held at Argent's office, First Floor, Ridge 63, 8 Sinembe Crescent, La Lucia Ridge Office Estate, Umhlanga on Monday, 20 August 2012 at 14:00, all ordinary and special resolutions with the exception of Ordinary Resolution 10 (general authority to issue shares for cash), as proposed in the notice of annual general meeting were passed by the requisite number of shareholders present and represented by proxy and being entitled to vote at the AGM. The special resolutions requiring submission for registration at the Companies and Intellectual Property Commission will be submitted in due course.
05-Jul-2012
(Media Comment)
The Financial Mail noted that Argent is managing to do well despite tough times for the steel products industry. CEO Treve Hendry said at a company presentation that the company was experiencing strong trading in a joint venture that supplied steel walls and doors for freestanding toilets. Hendry believes that the contracts could yield a profit before tax of as much as R2 million per month.
29-Jun-2012
(Official Notice)
Shareholders are advised that the 2012 annual report, containing the audited annual financial statements of Argent for the year ended 31 March 2012, was dispatched to shareholders today and contains no modifications to the abridged audited financial results of the company which were announced on SENS on Thursday, 21 June 2012. Notice is given that the annual general meeting of shareholders of Argent will be held in the Argent Industrial Limited boardroom, First Floor, Ridge 63, 8 Sinembe Crescent, La Lucia Ridge Office Estate, Umhlanga, on Monday, 20 August 2012 at 14:00 to transact the business set out in the notice of annual general meeting contained in Argent's 2012 annual report.
29-Jun-2012
(Official Notice)
The shareholders are informed of the resignation of Mr Donovan Smith as executive director with effect from 29 June 2012.
21-Jun-2012
(C)
Revenue increased to R1.797 billion (2011: R1.755billion) as well as operating profit from R102.0 million (2011) to R121.4 million. Net income attributable to owners also rose to R69.8 million (2011: R54 million). Consequently, headline earnings per share went up to 77.1cps (2011: 55.3cps).



Dividend

The directors have declared a final gross dividend of 6 cents per share for the year ended 31 March 2012.



Outlook

The growth experienced in Argent's companies in the past year has been impressive and all signs are that this will be the trend for 2013. A number of turnaround strategies that were initiated in 2012 are now starting to show real signs of success and Argent looks forward to having all of its loss-making businesses in 2012, turn to profit in 2013. The anticipated infrastructure spend by the government will add further stimulus to the steel trading and manufacturing entities and some of this is expected to yield results in 2013, while most of it offers growth potential for 2014 and beyond. Overall we expect that 2013 will show a continued growth trend for Argent as margins improve and business volumes expand.



Annual Report and Annual General Meeting

The annual report, including the group's audited annual financial statements for the financial year ended 31 March 2012, are expected to be posted to shareholders on or about the 29 June 2012.



Argent's Annual General Meeting of shareholders will be held in the Argent Industrial Limited boardroom, First Floor, Ridge 63, 8 Sinembe Crescent, La Lucia Ridge Office Estate, Umhlanga, on 20 August 2012 at 14:00 to transact the business as stated in the notice of Annual General Meeting circulated together with the Annual Report. The date on which shareholders must be recorded as such in the share register to be eligible to vote at the Annual General Meeting is 10 August 2012, with the last day to trade being 2 August 2012.
29-May-2012
(Official Notice)
Argent advised that it expected the group's headline earnings per share for the year ended 31 March 2012 to be between 71.07 and 82.13 cents per share, compared to headline earnings of 55.3 cents per share reported for the previous corresponding period.



Earnings per share for the year ended 31 March 2012 were estimated to be between 72.00 and 83.80 cents per share, compared to earnings of 59.0 cents per share reported for the previous corresponding period. It is anticipated that the results for the year ended 31 March 2012 are to be published on or about 22 June 2012 and the annual report to be posted before 29 June 2012.
10-Nov-2011
(C)
Revenue was up 5.1% to R913.6 million (R869.5 million). Operating profit rose to R66.2 million (R61.1 million). Net attributable profit increased to R38.6 million (R33.2 million). In addition, headline earnings per share grew by 18.4% to 42.6c (36cps).



Dividends

An interim ordinary dividend of 4cps has been declared.



Outlook

The group's future outlook continues to be very positive, and all efforts are being concentrated on improving its overall trading margins as well as ensuring the profitability of its automotive division.
03-Oct-2011
(Official Notice)
Shareholders are advised that at the annual general meeting held at Argent's Offices, First Floor, Ridge 63, 8 Sinembe Crescent, La Lucia Ridge Office Estate, Umhlanga on Thursday, 29 September 2011 at 11:00, all the resolutions, except ordinary resolutions 8 and 9 (unissued shares placed under the control of directors and the general authority to issue shares for cash), as set out in the notice and proposed at the meeting were passed by the requisite number of shareholders. The special resolutions requiring submission for registration at the Companies and Intellectual Property Registration Office will be submitted in due course.
23-Jun-2011
(C)
Revenue for the year ended 31 March 2011 increased to R1.8 billion (R1.5 billion) and operating profit before finance costs improved to R102 million (R46.5 million). Profit for the year, attributable to ordinary shareholders of the company rose drastically to R54 million (R9.3 million), while headline earnings per share strengthened to 55.3cps (11.9cps).



Dividend

The directors have declared a final dividend of 3 cents per ordinary share for the year ended 31 March 2011.



Outlook

Argent's efficient management structure coupled with the group's ability to respond proactively and swiftly to an ever changing economy without altering its transparent internal systems, trading ability, geographical footprint and manufacturing capacity, gives Argent an encouraging outlook for the 2012 financial year.





Annual report and notice of the AGM

The annual report, including the group's audited annual financial statements for the financial year ended 31 March 2011, is expected to be posted to shareholders on or about the 29 June 2011 ("the annual report"). Notice is hereby given that Argent's annual general meeting of shareholders will be held in the Argent Industrial Ltd Boardroom, First Floor, Ridge 63, 8 Sinembe Crescent, La Lucia Ridge Office Estate, Umhlanga, on Thursday, 29 September 2011 at 11:00 to transact the business as stated in the notice of annual general meeting circulated together with the annual report.
21 Dec 2010 15:46:49
(Official Notice)
Mrs Jenny Etchells has resigned as financial director with effect from 31 January 2011. Miss Sue Cox will be appointed as the new financial director.
09 Nov 2010 17:03:41
(C)
Revenue for the period increased to R869.5 million (2009: R746.1 million). Operating profit before interest was higher at R61.1 million (2009: R21.7 million), while profit attributable to owners of the parent soared to R33.2 million (2009: R1.5 million). Headline earnings per share strengthened to R36.0cps (2009: 1.8cps).



Dividend

An interim dividend of 4cps has been declared.



Outlook

Both the local and international economies are showing signs of recovery, and this is reflected in the overall performance of Argent when comparing the period under review to the same period during the previous financial year. Argent has taken this opportunity to reduce inventory levels and trim away inefficiencies in the businesses to ensure a strong and sustained recovery as market conditions continue to improve to any degree. With the reduction in stock levels being evident at the end of October, it is fair to say that Argent has never before been so well positioned and prepared to benefit from an upturn in the South African and international economies. The overall outlook for the group is very positive, particularly now that a more focused strategy for the automotive sector is being implemented. Lagging steel prices remain a concern for Argent and the industry as a whole. Traditionally the second half of the financial year is better than the first half and this is again evident in the latest financial reports being received from the various operations as this report is being written, so overall the group expects a significantly better full year compared to last year.
08 Nov 2010 16:13:17
(Official Notice)
Shareholders are referred to the trading update dated 5 November 2010 ("the previous trading update"), and are hereby advised that the group's headline earnings per share for the half year ended 30 September 2010 is expected to be between 1 886% and 1 906% higher compared to the previous corresponding period. This equates to a headline earnings per share of between 35.74 and 36.1 cents per share, compared to headline earnings of 1.8 cents per share for the previous corresponding period. The expected earnings per share for the half year ended 30 September 2010 is still in line with the previous trading update.
05 Nov 2010 15:40:22
(Official Notice)
Shareholders are referred to the trading update dated 23 August 2010, and are hereby advised that the group's headline earnings per share for the half year ended 30 September 2010 is expected to be between 923% and 1 150% higher compared to the previous corresponding period. This equates to a headline earnings per share of between 33.75 and 41.25 cents per share, compared to headline earnings of 3.3 cents per share for the previous corresponding period. Earnings per share for the half year ended 30 September 2010 are estimated to be between 1 829% and 2 259% higher compared to the previous corresponding period. This equates to an earnings per share of between 32.8 and 40.1 cents per share, compared to earnings of 1.7 cents per share for the previous corresponding period.
28 Oct 2010 14:42:10
(Official Notice)
Shareholders were advised that Argent has appointed PSG Capital (Pty) Ltd as sponsor to the company with effect from 1 November, 2010.
25 Aug 2010 11:12:22
(Official Notice)
Shareholders were advised that at the annual general meeting held on Tuesday, 24 August 2010, all the resolutions set out in the notice and proposed at the meeting were passed by the requisite majority of shareholders.
23 Aug 2010 13:13:05
(Official Notice)
Argent advised that the group's business had continued to improve since year end and it is accordingly expected that the group's basic and diluted headline earnings per share for the six months ending 30 September 2010 are anticipated to increase by at least 20% to that of the comparative period.
15 Jun 2010 15:29:46
(C)
Revenue for the period decreased to R1.4 billion (2009: R1.9 billion) , while operating profit before interest was also lower at R49 million (2009: R189 million) . Income attributable to owners of the parent fell to R11.5 million (2009: R113.5 million) . Headline earnings per share decreased to 14.4cps (2009: 123cps) .



Dividend

No dividend was declared.



Prospects

The group is very upbeat about the 2011 financial year and will use its low cost structure, substantial geographic footprint and improved operational efficiencies to benefit from the improved global and local economy.
12 Nov 2009 15:56:35
(C)
Revenue decreased by 30.3% to R746.1 million (September 2008: R1070 million).Operating profit decreased by 86.1% to R21.7 million (September 2008: R155 million). Profit attributable to ordinary shareholders decreased to R1.5 million (September 2008: R95 million). Headline earnings down by 96.9% to R3 million(September 2008: R94.9 million) ,with headline earnings per share down to 3.3cps (September 2008: 106.9cps)



Dividend

Due to the group's performance, the priority is to preserve liquidity and the board has therefore decided not to declare an interim dividend.



Prospects

The global financial crisis took a tremendous toll on Argent's steel and automotive sectors which had a material impact on the group's financial results for the first six months of the financial year. The economy is showing signs of a recovery, and this is reflected in the overall performance of the group improving since June `09. Some of the businesses have shown strong resilience to the downturn in the economy with the likes of Xpanda Security, Cedar Paint, Castor and Ladder and Toolroom Services all performing very well and growing market share in the downturn. Although the automotive sector produced a poor set of results, its market share has grown with a number of competitors exiting the market. Overall Argent has taken this opportunity to reduce stock levels and trim away inefficiencies in the businesses to ensure a strong recovery when the market improves. The investment in new infrastructure in Cape Town and George will increase the market share of all of the group's businesses in these areas, while the introduction of Barrier Angelucci into Argent will open up new markets and clients to the group's offerings. It is fair to say that Argent has never before been so well positioned and prepared to benefit from improved market conditions.
09 Oct 2009 13:46:18
(Official Notice)
Argent advises that it expects the group's headline earnings per share for the half year ended 30 September 2009 to be between 90% and 99% lower compared to the previous corresponding period. This equates to a headline earnings per share of between 11.0 and 1.1 cps, compared to headline earnings of 109.7 cps for the previous corresponding period.



Earnings per share for the half year ended 30 September 2009 are estimated to be between 91% and 100% lower compared to the previous corresponding period. This equates to an earnings per share of between 9.6 and 0.0 cps, compared to earnings of 106.9 cps for the previous corresponding period.



Trading during the period proved to be very difficult as a result of the global economic recession, the worst seen in many years. It is anticipated that the results for the half year ended 30 September 2009 are to be published on or about 25 November 2009.
17 Sep 2009 13:27:42
(Official Notice)
Shareholders are advised that at the annual general meeting held on Wednesday, 16 September 2009, all the resolutions set out in the notice and proposed at the meeting were passed by the requisite majority of shareholders. The special resolution will be submitted for registration at the companies and intellectual property registration office in due course.
29 Jun 2009 11:44:34
(C)
Revenue increased by 19.5% from R1 635 million to R1 949 million in 2009.Operating profit decreased to R221 297 million (2008:R295 187 million). Profit attributable to ordinary shareholders decreased to R116 973 million (R199 854 million). Headline earnings on a per share basis decreased to 126.80cps (231.0cps).



Dividends per share

A final dividend of 9cps was declared for the period under review.



Prospects

The group's strategy for the 2010 financial year is to maintain operational capacity and to increase its geographical footprint, whilst maintaining costs at the same time.

27 May 2009 13:41:43
(Official Notice)
Argent wishes to advise shareholders that the earnings per share and headline earnings per share for the year ending 31 March 2009 are expected to decrease between 44% and 49% from the corresponding period ending 31 March 2008. The primary reasons for this decrease in earnings per share and headline earnings per share is as a result of the Automotive and Steel Divisions being severely affected by the slowdown in these industries as a result of the global financial crisis. In terms of IAS 2 it has also been necessary to write down the steel inventory as a result of the average price decrease of 55% in the group's steel product range since September 2008. The financial information on which this trading statement has been based has not been reviewed or reported on by the group's auditors.
04 Mar 2009 14:15:04
(Official Notice)
Argent advises that Ms Sue Cox will be resigning as Financial Director on 1 April 2009 and will continue with the company as a Director on an operational level. Mrs Jennifer Etchells will be appointed as Financial Director with effect from 1 April 2009.
10 Nov 2008 16:55:35
(Official Notice)
29 Oct 2008 13:58:43
(C)
Revenue growth of 23.7% to R1.1 billion (R877.5 million). Operating profit increased by 15.1% to R167 million (R145.1 million) and earnings attributable to ordinary shareholders rose to R95.1 million (R84.4 million). In addition, headline earnings per share up by 9.8% to 106.9cps (97.4cps).



Dividend

An ordinary interim dividend of 19cps has been declared.



Prospects

Looking forward to the second half of the 2009 financial year, it can be assumed that the volatility in key market forces will continue. Argent believes that the vast majority of its businesses have the correct strategies in place to ward off the worst of the effects of this volatility. The companies also have the ability to make proactive and inventive decisions to counter changing market conditions. Argent should achieve positive headline earnings growth and exceed its R2 billion turnover target. The incorporation of the Paint and Ladders business into Argent is expected to continue to have a favourable impact on the 2009 results. An agreement has also been concluded for the acquisition of a company that will open up additional export markets into the UK and Europe with a range of manufactured steel products. Only Competition Commission approval is outstanding.
29 Sep 2008 12:55:36
(Official Notice)
Shareholders are advised that Argent has appointed Investec Bank Ltd as sponsor to the company with effect from 1 October 2008.
19 Sep 2008 15:13:44
(Official Notice)
Shareholders are advised that at the annual general meeting of Argent held at 14:00 on Tuesday, 16 September 2008, all the ordinary and special resolutions, as proposed in the notice to the AGM, were passed by the requisite majority of shareholders, with the exception of ordinary resolution number three; the authority to issue unissued ordinary shares for cash, which was withdrawn due to the current market conditions. The special resolutions will be lodged for registration with the Registrar of Companies in due course.
05 Sep 2008 07:30:47
(Official Notice)
Shareholders of Argent are referred to the preliminary report published previously, and are advised that the annual financial statements of the company have now been published. Argent shall not be publishing an abridged report, as the information previously published in the preliminary report is unchanged. The AGM of the company shall be held in the boardroom of the company at 1318 Club House Street, Maraisburg, Roodepoort, at 14:00 on Tuesday, 16 September 2008.
15 Jul 2008 12:34:35
(Media Comment)
According to Finweek, there is concern about Argent's latest proposal to bulk up and separately list its cement and quarrying businesses. One market watcher suggested that the group's timing is off as new infrastructure plays have been hammered quite badly over since January 2008.
25 Jun 2008 16:10:28
(C)
Revenue rose to R1.7 billion (R1.3 billion) for the year to 31 March 2008. Operating profit increased by 37.6% to R308.7 million (R224.4 million). Earnings attributable to ordinary shareholders R186 million (R138.3 million). Headline earnings per share was up 17.4% to 204.2cps (174cps).



Dividends

A final ordinary dividend of 19cps has been declared.



Outlook

Looking forward the 2009 financial year is expected to show substantial growth on these results should the Argent businesses maintain their current performance. Further, the steel trading division is expected to more than make up for a drop in performance of the home and office businesses in both sales and margins for 2009. The group will comfortably turn R2 billion in 2009, one year ahead of projections. Growth in the mining and construction sectors in Southern Africa is expected to ensure continued high levels of demand for the steel trading and fabrications businesses. Profits on inventories due to increased steel prices are expected to be significant. Steel price increases from January to March 2007 were 21%; while price increases post March to date has been 47%. Additional steel price increases are on the cards for this year based on projections by ArcelorMittal South Africa Ltd and international trends, taking into account the weaker Rand. Growth in Megamix is also expected to be above average due to the infrastructure spend and the harbour development in Cape Town. The manufacturing businesses are expected to benefit from the higher steel prices and make better profits, while sales are expected to drop off slightly. The incorporation of the Paint and Ladder business into Argent will further boost the 2009 results. Current investigations into new acquisitions include a business that could open up export markets into the UK and Europe with a steel manufactured range of products. Also, an opportunity exists to acquire a business manufacturing moulded concrete products that will develop vertical integration synergies for Megamix and Villiersdorp Quarries, and puts Argent closer to achieving a separate listing for this group of businesses. Overall we believe that Argent's proactive and quick response to market conditions will ensure that we will perform well even in these trying times. This environment has historically been very conducive to making valuable acquisitions at fair market values.
31 Mar 2008 18:50:36
(Official Notice)
Shareholders and interested parties are kindly requested to ignore the previous directors dealings announcement released this afternoon, as it was a duplication released in error - the announcement was in fact made in January 2008 when SJ Cox traded. The second announcement regarding a disposal by AF Litschka is in fact the correct one.
12 Mar 2008 09:25:42
(Official Notice)
Argent has concluded an agreement to acquire the entire issued share capital of and shareholders claims against Paint and Ladders with effect from 1 March 2008, for a total consideration of R57 million, to be settled by way of a cash payment of R16 286 912, and the issue of 2 525 362 Argent ordinary shares at an issue price of R16.17 per ordinary share.



Nature of business of Paint and Ladders

Paint and Ladders is a national company with a presence in both the paint and ladder manufacturing industries. The company consists of two divisions, namely the paint division with products branded as Cedar Vadek and Albestra, and the ladder division where products are branded under the Castor and Ladder brand.



Terms of the acquisition

The effective date of the transaction is 1 March 2008. The aggregate purchase consideration is R57 million, which will be settled by the allotment of 2 525 362 ordinary Argent shares of 5 cents each, to be issued at 1617 cents per share to the vendors of Paint and Ladder, and a cash portion of R16 286 912. Application will accordingly be made to the JSE Ltd, to issue a further 2 525 362 Argent ordinary shares of 5 cents each.



Suspensive conditions

The acquisition was subject to the approval thereof by the Competition Commission, which approval has been granted.



Documentation

The acquisition constitutes approximately 3.39% of Argent's current issued share capital, and is therefore not categorised by the JSE. Thus this announcement appears for information purposes only. The transaction is at arms length and does not require shareholder approval nor a circular to be sent to shareholders.
27 Jun 2006 13:43:12
(C)
Revenue increased by 33% to R1 billion (R752 million) and attributable earnings by 26.4% to R107.7 million (R85.2 million). Headline earnings per share grew 16.1% to 147.8cps (127.3cps) with group gearing increasing to 23.2% (20.4%).



Dividend

An interim dividend of 14cps has been declared, subsequent to 31 March 2006, payable on Monday 24 July 2006. The last day to trade cum-div is Friday 14 July 2006.



Prospects

The group has very little information to hand that suggests that any of its companies will not achieve increased turnover and profit levels for the 2007 financial year. The group successfully attained its short-term goal of R1 billion turnover for the 2006 financial year. Argent will now attempt to double its 2006 turnover by the 2009 financial year.
07 Apr 2006 16:25:32
(Official Notice)
Nesta Glover has resigned as the company secretary of Argent with effect from 1 April 2006. Mrs Glover is leaving the company in order to pursue other business opportunities. Lindsay Grobler will be appointed as the company secretary of Argent with effect from 1 April 2006.
08 Feb 2006 14:07:39
(Official Notice)
Argent has concluded an agreement to acquire the entire issued share capital of and shareholders claims against Toolroom Services (Pty) Ltd ("Toolroom"). Toolroom is one of the leading manufacturers of steel office furniture, steel kitchen cupboards and retail shelving in South Africa.



The aggregate purchase consideration is approximately R54 988 686, which will be settled by the allotment of 4 640 396 renounceable ordinary Argent shares of a par value of 5c each and issued at 1 185c per share to the vendors of Toolroom, being S Arumugam, DM Drennan, GW Hennessy, SB Hennessy, A Peramaul, M Peramaul and J Sewsankar. The effective date of the transaction is 30 January 2006.



Withdrawal of cautionary

Shareholders are referred to the cautionary announcement dated 23 November 2005 and the renewal thereof on 5 January 2006 and are advised that as a result of this announcement the cautionary is now withdrawn.



The acquisition constitutes approximately 6.12% of Argent's current issued share capital, and is categorised as a Category 3 transaction by the JSE. The transaction is at arms length and does not require shareholder approval or a circular to be sent to shareholders.
04 Jan 2006 12:43:55
(Official Notice)
Shareholders are referred to the cautionary announcement dated 23 November 2005 and are advised that negotiations are still in progress which if successfully concluded, may have a material impact on the price of Argent Shares. Shareholders are accordingly advised to exercise caution when dealing in their shares until a further announcement is made.
22 Nov 2005 17:51:36
(Official Notice)
Negotiations are currently in progress, which, if successfully concluded, may have a material effect on the share price of Argent.
10 Nov 2005 13:36:47
(C)
Revenue increased by 32.2% to R502.6 million (R380.3 million) Attributable earnings increased by 24.3% to R51.5 million Attributable earnings per share increased by 18.7% to 74.3 cents per share (62.6 cents per share) Headline earnings increased by 25.7% to R51.8 million (R41.2 million) Headline earnings per share increased by 20.1% to 74.7 cents per share (62.2 cents per share) Gearing decreased to 22.5% (23.8%)



Prospects

The successful first half of the 2006 financial year experienced by the group is expected to continue through the balance of the year. There are no indicators, economic or otherwise, to suggest that this will not be the case. The group is confident that it will maintain an overall growth in headline earnings per share of around 20% for the full financial year.



Dividend

An interim dividend of 13 cents per share has been declared, subsequent to 30 September 2005, payable on Monday 23 January 2006. The last day to trade cum-div is Friday 13 January 2006.
09 Nov 2005 14:14:50
(Official Notice)
Argent wishes to advise shareholders that headline earnings per share for the 6 months ended 30 September 2005 are expected to be between 20% and 21% higher than the headline earnings of 62.2 cps for the 6 months ended 30 September 2004. The financial information on which this trading statement has been based has not been reviewed or reported on by the group's auditors.
30 Sep 2005 16:40:51
(Official Notice)
At the general meeting of Argent shareholders held on 24 August 2005, shareholder approval was obtained to change the company"s auditors from BDO Spencer Stewart (KZN) Inc. to Siyabala Inc. due to the dissolution of the previous auditor partnership. The change in auditors comes into effect immediately.
25 Aug 2005 16:33:04
(Official Notice)
At the general meeting of Argent shareholders held on Wednesday, 24 August 2005, all the ordinary resolutions proposed were passed by the requisite majority of shareholders.
30 Jun 2005 15:52:37
(Official Notice)
Argent has appointed Fred Litschka and Marc Allen as executive directors of the company with immediate effect. Mr Litschka formerly served as a non-executive director of the company and joined the group as a permanent member of staff on 1 June 2005, whilst Mr Allen formerly served as an alternate director.
14 Jun 2005 12:21:07
(C)
Revenue increased by 24.3% to R752mn (R605m). Attributable earnings increased by 35.4% to R83m (R61.3m). Headline earnings per share increased by 19.2% to 126.6c (106.2c). A final dividend of 12c per share has been declared, payable on Monday 11 July 2005 to shareholders recorded in the register at close of business on Friday 8 July 2005, being the record date in order to participate in such a dividend. The last day to trade cum div is Friday 1 July 2005.



Prospects

With the group coming off an extended period of unprecedented growth over the past three years, some form of consolidation is inevitable during the 2006 financial year. However, at the same time plans have been implemented to drive the group towards its short-term goal of R1bn in annual turnover. The purchase of Xpanda Security will ensure greater visibility for the group in terms of a recognised brand, increase the volume of steel traded through the group, result in synergies and cost savings in areas where the group has existing operations and allow the group to tap into the lucrative and growing South African security market.



The purchase of and/or extensions to properties in respect of the Phoenix steel operations in Durban, Middelburg, Port Elizabeth and Germiston will increase the group`s Steel trading and processing capacity. State of the art machinery acquisitions such as the new tube mill for Phoenix Steel - Gauteng, the high definition plasma machine for Phoenix Steel Mpumalanga as well as the funds being spent at Giflo, Xpanda and Megamix will further enhance the group`s ability to produce quality products for its customers. New products and product ranges, especially in terms of Jetmaster`s barbeques, Excalibur`s after market stainless steel ranges and automotive plastic components and Giflo`s Toyota project will serve to further widen the group`s product base.



The recent weakening of the rand shows signs of being sustainable to some degree. This will have a substantial effect on the group`s export margins and will also have a positive effect on a wide range of the group`s customer base.

30-Oct-2014
(X)
Argent Industrial Ltd. is largely a steel-based beneficiation group with a very diverse portfolio of businesses that include international brands.



The business portfolio consists of Jetmaster, Xpanda Security, Excalibur Vehicle Accessories, Castor and Ladder, Cedar Paint, Sentech Industries, Toolroom Services, Atomic Office Equipment, Phoenix Steel, Gammid Trading, Tricks Wrought Iron Services, Cannock Gates - Burbage Iron Craft, Megamix, Argent Industrial Engineering, Allan Maskew, Hendor Mining Supplies, Koch?s Cut and Supply Steel Centre, Specialist Steel Profiles and New Joules North America. These businesses cover a huge spectrum of products and services, from manufacturing and steel-based trading, to concrete building products and regional outlets that trade in a number of these products.



The company has 26 operating units which operate throughout South Africa, the United Kingdom and North America. Manufacturing is the biggest activity of the group and this, together with a strategy of vertical integration and being self-sufficient, has led the group to being totally diversified. This protects the group from economic swings in any one segment of the market and is a catalyst for new growth opportunity.



The group's character is innovation, speed, delivery and service. Argent has a bold approach to business and is always seeking new investments and investors.



Argent's customers are the key to its success and so they enjoy the company's dedicated attention.



The Argent group's strategic intent is to grow profitability through streamlining the business by extracting maximum value from vertical integration and good management practice.


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