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28-Nov-2017
(Official Notice)
Shareholders are advised of the following changes to the board of directors:

*The appointment of Mr Avishkar Goordeen as an alternate director to executive director, Mr Leon Goosen, with effect from Monday, 27 November 2017.

*The resignation of Ms Bharti Harie as a non-executive director and as a member of the Social, Ethics and Transformation Committee of the board with effect from Monday 27 November 2017.



Following the resignation of Ms Harie, Mr Rajendran Naidu has been appointed to the Social, Ethics and Transformation Committee with effect from Monday, 27 November 2017. Mr Naidu currently serves as an independent non-executive director of the Company.



28-Nov-2017
(Official Notice)
Shareholders are accordingly advised that the Company?s earnings per share (?EPS?) and headline earnings per share (?HEPS?) are both expected to be at least 150 cents for the year ended 31 December 2017 when compared to the EPS and HEPS of 39 cents for the year ended 31 December 2016. A further trading statement for the year ended 31 December 2017 will be released on SENS once the Company has reasonable certainty regarding the extent of the expected increase in its results for the year ended 31 December 2017.



The expected increase in earnings is mainly due to the following:

*An improvement in demand in the markets in which the group is active.

*Certain once-off recoveries during 2017, including the recovery of a substantial customer account provided for in a prior period.

*Good cost containment.

*An improvement in the financial results of the Company?s subsidiary in the Democratic Republic of Congo in 2017 compared with 2016 when significant losses were incurred as previously reported on.

*The depreciation in the Rand in the second half of 2017.



The financial information on which this trading statement is based has not been reviewed and reported on by the Company?s external auditors.



The results for the year ended 31 December 2017 are expected to be announced on SENS on or about 16 March 2018.







10-Oct-2017
(Official Notice)
Shareholders are advised of the following appointments to the board committees, with effect from 10 October 2017:

Social, Ethics and Transformation Committee:

Ms Mamokete Ramathe (Chairperson). Ms Ramathe currently serves as an independent non-executive director of the company.



Nominations Committee:

Mr Rajendran Naidu. Mr Naidu currently serves as an independent non-executive director of the company.
31-Aug-2017
(C)
Revenue for the interim period was higher at R3.4 billion (R3.1 billion) and gross profit lowered to R702.5 million (R729.9 million). Profit from operating activities jumped to R212.7 million (R144.8 million). Profit for the period attributable to owners shot up to R113.5 million (R63.7 million). In addition, headline earnings per share rose to 119 cents per share (67 cents per share).



Dividend

Notice is hereby given that the directors have declared a gross interim cash dividend of 20 cents per ordinary share for the six-month period ended 30 June 2017 payable to ordinary shareholders in accordance with the timetable below.
29-Aug-2017
(Official Notice)
Shareholders are referred to the trading statement released on SENS on 14 August 2017 wherein it was reported that the Company?s earnings per share (?EPS?) and headline earnings per share (?HEPS?) were expected to be at least 70% higher (at least 47 cents higher) for the half year ended 30 June 2017 (?the period?), when compared to the EPS and HEPS of 67 cents for the half year ended 30 June 2016.



Bell Equipment herewith reports that it expects EPS and HEPS for the period to be between 115 and 125 cents (or between 72% and 87% higher), compared with EPS and HEPS of 67 cents for the half year ended 30 June 2016.



The expected increase in earnings is mainly due to:

*An improvement in demand in especially the South African market.

*Certain once-off recoveries during the period, including the recovery of a substantial customer account provided for in a prior period.

*An improvement in the financial results of the Company?s subsidiary in the Democratic Republic of Congo in the half year ended 30 June 2017 compared with the same period last year, when significant losses were incurred as previously reported on.



The results for the half year ended 30 June 2017 are expected to be announced on SENS on or about 31 August 2017.



The financial information on which this trading statement is based has not been reviewed and reported on by the Company's external auditors.





22-Aug-2017
(Official Notice)
Shareholders are advised that Mr Obed Tiisetso Tsukudu will retire as an independent non-executive director from the board of Bell with effect from 21 August 2017.
14-Aug-2017
(Official Notice)
Shareholders are accordingly advised that the Company?s earnings per share (?EPS?) and headline earnings per share (?HEPS?) are expected to be at least 70% higher (47 cents higher) for the half year ended 30 June 2017 when compared to the EPS and HEPS of 67 cents for the half year ended 30 June 2016. A further trading statement for the half year ended 30 June 2017 will be released on SENS once the Company has reasonable certainty regarding the extent of the expected increase in its results for the half year ended 30 June 2017.



The expected increase in earnings is mainly due to the following:

*An improvement in demand in especially the South African market.

*Certain once-off recoveries during the period, including the recovery of a substantial customer account provided for in a prior period.

*An improvement in the financial results of the Company?s subsidiary in the Democratic Republic of Congo in the half year ended 30 June 2017 compared with the same period last year, when significant losses were incurred as previously reported on.



The financial information on which this trading statement is based has not been reviewed and reported on by the Company?s external auditors.



The results for the half year ended 30 June 2017 are expected to be announced on SENS on or about 31 August 2017.



08-Jun-2017
(Official Notice)
The board of directors of Bell Equipment announces the appointment of Leon Goosen as chief executive officer designate. He will succeed Gary Bell upon his planned retirement.





04-May-2017
(Official Notice)
At the 49th Annual General Meeting ("AGM") of Bell shareholders held on 3 May 2017, all the resolutions, as set out in the notice of annual general meeting incorporated in the Integrated Annual Report and distributed to shareholders on 30 March 2017, were duly approved by the requisite majority of votes.
05-Apr-2017
(Official Notice)
30-Mar-2017
(Official Notice)
No change statement

With regard to the audited results for the year ended 31 December 2016, shareholders are advised that the annual financial statements have been distributed to shareholders on 30 March 2017 and contain no modifications to the audited results which were published on SENS on 16 March 2017.



Notice of the annual general meeting

Notice is hereby given that the 49th annual general meeting of Bell Equipment Ltd. shareholders will be held at 13-19 Carbonode Cell Road, Alton, Richards Bay, KwaZulu-Natal on Wednesday, 3 May 2017 at 11.00 to transact the business as stated in the annual general meeting notice forming part of the annual financial statements.



Salient dates

The notice of the company?s annual general meeting has been sent to its shareholders who were recorded as such in the company?s securities register on Friday, 24 March 2017 being the notice record date used to determine which shareholders are entitled to receive notice of the annual general meeting.



The record date on which shareholders of the company must be registered as such in the company?s securities register in order to attend and vote at the annual general meeting is Friday, 21 April 2017 being the voting record date used to determine which shareholders are entitled to attend and vote at the annual general meeting. The last day to trade in order to be entitled to vote at the annual general meeting will therefore be Tuesday, 18 April 2017. Proxy forms must be lodged by no later than 11.00 on Friday, 28 April 2017. Any forms of proxy not lodged by this time must be handed to the chairperson of the annual general meeting immediately prior to the annual general meeting.





16-Mar-2017
(C)
Revenue for the year rose marginally to R6.0 billion (R5.9 billion) and gross profit was higher at R1.4 billion (R1.3 billion). Profit from operating activities took a knock to R148.2 million (R268.4 million). Profit for the year attributable to owners fell sharply to R37.5 million (R141.2 million). Furthermore, headline earnings per share dipped to 39cps (138cps).



Outlook

Looking to 2017, there are some signs of commodity price recovery for a number of base materials and the indices Bell tracks are showing more positivity than the past few years. Despite this the company does see that the volume of commodities mined globally remains relatively depressed. This increases pressure on contractors and mines to continue to focus on input costs in an effort to be the best choice globally for their outputs.



The introduction of its ADTs into the Americas will continue to be a focus area and some sustained market recovery in Europe has seen these markets becoming more important to its overall business.



To continue to deliver on customer needs globally, Bell's newly built distribution facility in Germany will open in the first half of 2017 to ensure that it keeps pace with servicing the ever increasing vehicle park in the northern hemisphere. Bell will also expand its product offering to these markets by introducing a low ground pressure variant of the smaller 20 ton ADT that has historically been successful in South Africa.



Placing more 60 tonners in specific markets will remain a focus as the company has seen that every demonstration results in a sale. Anyone who tries the concept immediately sees the benefit and it continually finds that its demo units end up staying on the initial site.



While Bell does not see significant increases in market demand for 2017, it believes that companies that are more closely aligned with what their customers find important, in their own businesses, will achieve more growth. Bell feels strongly that this alignment with its customers has always been one of its key advantages and that by helping its customers succeed so will Bell.
15-Mar-2017
(Official Notice)
The board of directors has appointed two new independent non-executive directors effective 20 March 2017 and welcomes them to the board. The names of the two new directors are listed below:

- Raj Naidu

- Mamokete Ramathe
14-Mar-2017
(Official Notice)
Shareholders are referred to the trading statement released on SENS on 8 February 2017 wherein it was reported that the company?s earnings per share (?EPS?) and headline earnings per share (?HEPS?)were expected to be at least 50% lower (at least 89 cents and at least 84 cents lower) for the year ended 31 December 2016 (?the period?), when compared to the EPS and HEPS of 177 cents and 167 cents, respectively, for the year ended 31 December 2015.



Bell Equipment herewith reports that it expects EPS for the period to be between 35 and 45 cents (or between 75% and 80% lower) and HEPS for the period to be between 35 and 45 cents (or between 73% and 79% lower), compared with EPS and HEPS of 177 cents and 167 cents, respectively, for the year ended 31 December 2015.



Shareholders are referred to the company?s unaudited interim results announcement for the six months ended 30 June 2016 (published on the Stock Exchange News Service (?SENS?) on 20 September 2016), in which reported EPS and HEPS for the year ended 31 December 2015 were restated to 148 cents and 138 cents respectively. When compared to restated EPS and HEPS, expected EPS and HEPS for the year ended 31 December 2016 are accordingly expected to be at least 67% lower (at least 103 cents and 93 cents lower, respectively).



The expected decrease in results is due to fraud and mismanagement in the company?s subsidiary in the Democratic Republic of Congo (DRC), as previously communicated to shareholders; to continued depressed conditions in the markets and industries in which the company operates, and to the strength of the Rand in the second half of 2016.



Audited results for the period are expected to be announced on SENS on or about 16 March 2017.



The financial information on which this trading statement is based has not been reviewed and reported on by the company's external auditors.



08-Feb-2017
(Official Notice)
Shareholders are accordingly advised that the company?s earnings per share (?EPS?) and headline earnings per share (?HEPS?) are expected to be at least 50% lower (at least 89 cents and at least 84 cents lower) for the year ended 31 December 2016 when compared to the EPS and HEPS of 177 cents and 167 cents, respectively, reported for the year ended 31 December 2015.



Shareholders are referred to the company?s unaudited interim results announcement for the six months ended 30 June 2016 (published on the Stock Exchange News Service (?SENS?) on 20 September 2016), in which reported EPS and HEPS for the year ended 31 December 2015 were restated to 148 cents and 138 cents respectively. When compared to restated EPS and HEPS, expected EPS and HEPS for the year ended 31 December 2016 are accordingly expected to be at least 40% lower (at least 60 cents and 55 cents lower, respectively).



The expected decrease in results is due to fraud and mismanagement in the company?s subsidiary in the Democratic Republic of Congo (DRC), as previously communicated to shareholders; to continued depressed conditions in the markets and industries in which the company operates, and to uncertainty regarding the recoverability of certain receivables in the DRC, the extent of which the company cannot quantify at this stage. A further trading statement will be released on SENS once more certainty exists.



The financial results for the year ended 31 December 2016 are expected to be announced on SENS on or about 16 March 2017.
02-Feb-2017
(Official Notice)
Shareholders are advised that, as part of the succession planning of Bell Equipment at senior management level, the board has initiated a program to ensure that a successor will be in place when Mr Gary Bell, the current chief executive officer, elects to retire.



This program may include a talent search process, both internal and external.



29-Sep-2016
(Official Notice)
Mr Derek Bruce Crandon has tendered his resignation as a non-executive director of the board of the company with immediate effect.

22-Sep-2016
(C)
Revenue for the interim period increased to R3.1 billion (2015: R2.9 billion). Gross profit rose to R729.9 million (2015: R698.3 million). Profit from operating activities dropped to R144.8 million (2015: R158.0 million). Profit for the period attributable to owners lowered to R63.7 million (2015: R88.9 million). Furthermore, headline earnings per share came in at 67 cents per share (2015: 89 cents per share).



Cash dividend declaration

Notice is hereby given that the directors have declared a gross interim cash dividend of 15 cents per ordinary share for the six-month period ended 30 June 2016, payable to ordinary shareholders.
16-Sep-2016
(Official Notice)
Shareholders are referred to the trading statement released on the Stock Exchange News Service (?SENS?) on 18 August 2016 wherein it was reported that the company?s earnings per share (?EPS?) and headline earnings per share (?HEPS?) were expected to be at least 20% lower (at least 21 cents lower) for the half year ended 30 June 2016 (?the period?) when compared to the reported EPS and HEPS of 106 cents and 101 cents, respectively, for the half year ended 30 June 2015.



After further investigations into the fraud and mismanagement in the company?s subsidiary in the Democratic Republic of Congo, shareholders are now advised that the company expects EPS and HEPS for the period to be between 65 cents and 69 cents (or between 32% and 39% lower), when compared with the reported EPS and HEPS of 106 cents and 101 cents respectively, for the half year ended 30 June 2015.



Without the impact of the findings in the company?s subsidiary in the Democratic Republic of Congo, the expected EPS and HEPS for the half year ended 30 June 2016 would have been higher than reported for the half year ended 30 June 2015.



It is anticipated that Bell Equipment will release its unaudited interim results on SENS on or about 22 September 2016.
18-Aug-2016
(Official Notice)
Shareholders are accordingly advised that the company?s earnings per share (?EPS?) and headline earnings per share (?HEPS?) are expected to be at least 20% lower (21 cents lower) for the half year ended 30 June 2016 when compared to the EPS and HEPS of 106 cents and 101 cents, respectively, for the half year ended 30 June 2015. A further trading statement for the half year ended 30 June 2016 will be released on SENS once the company has reasonable certainty regarding the extent of the expected decrease in its results for the half year ended 30 June 2016.



The expected decrease in earnings is due to a fraud in the company?s subsidiary in the Democratic Republic of Congo and the related deterioration in the financial results of that operation. An independent forensic investigation is still in progress and a number of employees, including the entire management team in the DRC operation, have been dismissed.



The financial information on which this trading statement is based has not been reviewed and reported on by the company?s external auditors.



The results for the half year ended 30 June 2016 are expected to be announced on SENS on or about 26 September 2016.



02-Jun-2016
(Official Notice)
Derek Bruce Crandon has been appointed as a non-executive director on the board of Bell with effect from 1 June 2016.
09-May-2016
(Official Notice)
At the 48th Annual General Meeting ("AGM") of Bell shareholders held on 5 May 2016, the following resolutions, as set out in the notice of annual general meeting incorporated in the Integrated Annual Report and distributed to shareholders on 31 March 2016, were duly approved by the requisite majority of votes.
31-Mar-2016
(Official Notice)
No change statement

With regard to the audited results for the year ended 31 December 2015, shareholders are advised that the annual financial statements have been distributed to shareholders on 31 March 2016 and contain no modifications to the audited results which were published on SENS on 15 March 2016.



Notice of the annual general meeting

Notice is hereby given that the 48th annual general meeting of Bell Equipment Limited shareholders will be held at 13-19 Carbonode Cell Road, Alton, Richards Bay, KwaZulu-Natal on Thursday, 5 May 2016 at 11.00 to transact the business as stated in the annual general meeting notice forming part of the annual financial statements.



Salient dates

The notice of the company?s annual general meeting has been sent to its shareholders who were recorded as such in the company?s securities register on Friday, 18 March 2016 being the notice record date used to determine which shareholders are entitled to receive notice of the annual general meeting.



The record date on which shareholders of the company must be registered as such in the company?s securities register in order to attend and vote at the annual general meeting is Friday, 29 April 2016 being the voting record date used to determine which shareholders are entitled to attend and vote at the annual general meeting. The last day to trade in order to be entitled to vote at the annual general meeting will therefore be Thursday, 21 April 2016. Proxy forms must be lodged by no later than 11.00 on Tuesday, 3 May 2016. Any forms of proxy not lodged by this time must be handed to the chairperson of the annual general meeting immediately prior to the annual general meeting.



15-Mar-2016
(C)
Revenue for the year decreased to R5.9 billion (R6.6 billion). Gross profit decreased to R1.3 billion (R1.5 billion). Profit from operating activities increased to R291.8 million (R185.1 million). Profit for the year attributable to owners grew to R168.3 million (R63.5million). In addition, headline earnings per share rose to 167cps (49cps).



Outlook

The group expects markets to remain flat during 2016. Over the past two years the group has made a significant investment into upgrading its branch infrastructure to be able to offer modern, state-of-the-art facilities that better serve our customers' needs. Going forward we will continue to deliver on our customer needs globally and count on their ongoing support to see us through these difficult times.



Expansion of our dealer network will remain key to our business going forward with positive results attributable to growing this network specifically in the Americas during 2015. While prospects for 2016 are stagnant, the group's long-term strategies are innovative and dynamic to position the company for growth and success once markets have regained some of their lustre. Any reference to the future financial performance of the company has not been reviewed and reported on by the company's external auditors
14-Mar-2016
(Official Notice)
Danie Vlok will retire as a non-executive director from the board of Bell Equipment with effect from 5 May 2016, being the date on which the annual general meeting of the company will be held.



08-Mar-2016
(Official Notice)
Shareholders are referred to the trading statement released on SENS on 20 November 2015 wherein it was reported that the Company?s earnings per share (?EPS?) were expected to be at least 100% higher (67 cents higher) and headline earnings per share (?HEPS?) were expected to be at least 159% higher (78 cents higher) for the financial year ended 31 December 2015 (?the period?) when compared to the EPS and HEPS of 67 cents and 49 cents, respectively, for the year ended 31 December 2014.



Bell Equipment herewith reports that it expects EPS for the period to be between 172 and 182 cents (or between 157% and 172% higher) and HEPS for the period to be between 162 and 172 cents (or between 231% and 251% higher), compared with EPS and HEPS of 67 cents and 49 cents, respectively, for the year ended 31 December 2014.



Commodity and construction industry related demand for equipment contracted further in 2015 and the expected increase in earnings is mainly due to right-sizing and cost reduction initiatives, foreign currency gains during the year and increased penetration of the North American market.



Audited results for the period are expected to be announced on SENS on or about 15 March 2016. The financial information on which this trading statement is based has not been reviewed and reported on by the Company's external auditors.

14-Dec-2015
(Official Notice)
Shareholders of Bell are referred to special resolution number 1 tabled and approved by shareholders at the Annual General Meeting of the company held on 4 May 2015, authorising directors in terms of Section 45 of the Companies Act, No. 71 of 2008 ("the Act") to provide direct or indirect financial assistance to any company or corporation which is related to or inter-related to the company. In terms of Section 45(2) of the Act, the Board has authorised the company to provide a guarantee of Euro 3 million in respect of the liabilities of a subsidiary to Commerzbank Aktiengesellschaft in the normal course of business. The Board has confirmed that, after considering the reasonably foreseeable financial circumstances of the company, it is satisfied that, immediately after it provided such financial assistance, the company would satisfy the solvency and liquidity test, as contemplated in terms of Section 4 of the Act and that the terms under which such financial assistance was given were fair and reasonable to the company. Shareholders are advised that the guarantee provided for the subsidiary exceed 1/10th of 1% of the company?s net worth as at the approval date of the provision of the guarantee.
01-Dec-2015
(Official Notice)
The board of directors of Bell ("Board") announced at its meeting held on 30 November 2015 that the Board appointed two new independent non-executive directors effective 1 January 2016 and welcomes them to the Board. The details of the two new directors are listed below, together with a brief CV of each director:

*Derek Hamilton Lawrance

*Hendrik Roux van der Merwe



01-Dec-2015
(Official Notice)
Shareholders are advised that Diana McIlrath, B Comm LLB has been appointed as company Secretary of Bell, with effect from 1 March 2016.



The company would like to thank Highway Corporate Services (Pty) Ltd, whose company secretarial services to Bell cease with effect from 29 February 2016, for its contribution to the company.
20-Nov-2015
(Official Notice)
Shareholders are accordingly advised that the Company?s earnings per share (?EPS?) is expected to be at least 100% higher (67 cents higher) and headline earnings per share (?HEPS?) is expected to be at least 160% higher (78 cents higher) for the year ended 31 December 2015 when compared to the EPS and HEPS of 67 cents and 49 cents, respectively, for the year ended 31 December 2014.



Commodity and construction industry related demand for equipment has contracted further in 2015 and the expected increase in earnings is mainly due to right-sizing and cost reduction initiatives, foreign currency gains during the year and increased penetration of the North American market. In view of the volatility in exchange rates and uncertainty as to the timing of the finalisation and delivery of certain sales orders the Company cannot, with reasonable certainty, quantify the extent of the expected improvement in its results for the year ending 31 December 2015. A further trading statement for the year ending 31 December 2015 will be released on the Stock Exchange News Service of the JSE once more certainty exists.



The forecast financial information on which this trading statement is based has not been reviewed and reported on by the Company?s external auditors.



17-Aug-2015
(Official Notice)
Shareholders of Bell are referred to the special resolution tabled and approved at the Annual General Meeting held on 4 May 2015, authorising directors in terms of Section 45 of the Companies Act No 71 of 2008 (?the Act?) to provide direct or indirect financial assistance to any company or corporation which is related to or inter-related to the Company. In terms of Section 45(2) of the Act, the Board has authorised the Company to provide the following guarantees in respect of the liabilities of its subsidiaries to commercial banks and institutions in the normal course of business:

* Sunlyn (Pty) Ltd. ? R175 million

* Bidvest Bank Ltd. ? R40 million



The Board has confirmed that, after considering the reasonably foreseeable financial circumstances of the Company, it is satisfied that, immediately after it provided such financial assistance, the Company would satisfy the solvency and liquidity test, as contemplated in terms of Section 4 of the Act and that the terms under which such financial assistance was given were fair and reasonable to the Company. Shareholders are advised that the guarantees provided for the subsidiary exceed 1/10th of 1% of the Company?s net worth as at the approval date of the provision of the guarantee.
11-Aug-2015
(C)
Revenue for the interim period lowered to R2.9 billion (R3.4 billion). Gross profit decreased to R698.3 million (R789.8 million). Profit from operating activities was higher at R167.4 million (R132.3 million). Profit for the period attributable to owners jumped to R100.5 million (R58.6 million). In addition, headline earnings per share shot up to 101cps (61cps).
03-Aug-2015
(Official Notice)
Shareholders are advised that the Company expects earnings and headline earnings per share for the six months ended 30 June 2015 to be between 100 cents and 110 cents, an increase of between 61% and 80% higher, compared with the earnings and headline earnings per share of 62 cents and 61 cents respectively for the six months ended 30 June 2014.



Trading conditions remain difficult and the increase in earnings is mainly due to right-sizing and cost reduction initiatives and foreign currency gains during the period. It is anticipated that Bell will release its unaudited interim results on SENS on or about 11 August 2015.
18-May-2015
(Official Notice)
Shareholders of Bell are referred to the special resolution tabled and approved at the Annual General Meeting held on 4 May 2015, authorising directors in terms of Section 45 of the Companies Act No 71 of 2008 ("the Act") to provide direct or indirect financial assistance to any company or corporation which is related to or inter-related to the Company. The Board has authorised the Company in terms of Section 45(2) of the Act to provide or to continue to provide direct or indirect financial assistance (including by way of loans or guarantees) to related or inter- related companies in the normal course of business.



The Board has confirmed that, after considering the reasonably foreseeable financial circumstances of the Company, it is satisfied that, immediately after it provided such financial assistance, the Company would satisfy the solvency and liquidity test, as contemplated in terms of Section 4 of the Act and that the terms under which such financial assistance would be given would be fair and reasonable to the Company. Shareholders are advised that the financial assistance (loan finance or guarantees) to be provided to the related or inter-related companies exceeds 1/10th of 1% of the Company?s net worth as at the approval date of this notification.
06-May-2015
(Official Notice)
Following the retirement of Mr MA Mun-Gavin as independent non-executive Chairman of the board with effect from the conclusion of the Annual General Meeting of the company held on 4 May 2015, the Company's board of directors announce that Mr JR Barton has been appointed as Chairman of the Board with effect from 4 May 2015. Mr Barton is an independent non-executive member of the Board.



As Mr Barton is the current Chairman of the Audit Committee, he will step down as Chairman of the Committee and Ms B Harie, an independent non-executive director will take on the role of Audit Committee Chairman from 4 May 2015. Mr Barton will remain a member of the Committee.

06-May-2015
(Official Notice)
At the 47th Annual General Meeting ("AGM") of shareholders of Bell held on 4 May 2015, all the resolutions, as set out in the notice of annual general meeting which was incorporated in the Integrated Annual Report distributed to shareholders on 31 March 2015, were duly approved by the requisite majority of votes.
31-Mar-2015
(Official Notice)
With regard to the audited results for the year ended 31 December 2014, shareholders are advised that the annual financial statements have been distributed to shareholders on 31 March 2015 and contain no modifications to the audited results which were published on SENS on 16 March 2015.



Notice of the annual general meeting

Notice is hereby given that the 47th annual general meeting of Bell Equipment Limited shareholders will be held at 13-19 Carbonode Cell Road, Alton, Richards Bay, KwaZulu-Natal on Monday, 4 May 2015 at 11.00 to transact the business as stated in the annual general meeting notice forming part of the annual financial statements.



Salient dates

The notice of the Company?s annual general meeting have been sent to its shareholders who were recorded as such in the Company?s securities register on Friday, 20 March 2015 being the notice record date used to determine which shareholders are entitled to receive notice of the annual general meeting.



The record date on which shareholders of the Company must be registered as such in the Company?s securities register in order to attend and vote at the annual general meeting is Friday, 24 April 2015 being the voting record date used to determine which shareholders are entitled to attend and vote at the annual general meeting. The last day to trade in order to be entitled to vote at the annual general meeting will therefore be Friday, 17 April 2015. Proxy forms must be lodged by no later than 11.00 on Wednesday, 29 April 2015. Any forms of proxy not lodged by this time must be handed to the chairperson of the annual general meeting immediately prior to the annual general meeting.
16-Mar-2015
(C)
Revenue for the year grew to R6.6 billion (R6.3 billion). Gross profit increased to R1.5 billion (R1.4 billion). Profit from operating activities decreased to R185.1 million (R340.1 million). Profit for the year attributable to owners lowered to R63.5 million (R183.0 million). In addition, headline earnings per share dropped to 49cps (192cps).



Outlook

The start to 2015 has been modest and apart from signs that North America is on the road to recovery, it is difficult to be too optimistic about the prospects for the global economy for the year ahead. There are clearly still concerns in the Eurozone with the political upheavals in Eastern Europe compounding the lack of confidence in economic growth for that region. Plans are being developed and implemented to address these issues in order that Bell can maintain its competitive edge in the global marketplace. Within South Africa, the projected increase in infrastructure spend should have a positive impact upon Bell, although its timing remains uncertain.
13-Mar-2015
(Official Notice)
In compliance with the JSE Ltd. Listings Requirements, the following information is disclosed:



Ashley John Bell has been appointed as a non-executive director on the board of the company with effect from 12 March 2015.
06-Mar-2015
(Official Notice)
Shareholders are referred to the trading statement released on SENS on 13 November 2014 wherein it was reported that it was estimated that for the financial year ended 31 December 2014 (?the period?), the Company would show a reduction in results of at least 30% from those reported for the year ended 31 December 2013.



Bell reported that it expects earnings per share (?EPS?) for the period to be between 57 and 77 cents (or between 60% and 70% lower) and headline earnings per share (?HEPS?) for the period to be between 37 and 57 cents (or between 70% and 80% lower), compared with EPS and HEPS of 193 cents and 192 cents, respectively, for the year ended 31 December 2013. This expected reduction is mainly due to a reduction in demand from the mining sector, which has had a negative impact on production volumes at the Company?s production facilities.



Audited results for the period are expected to be announced on SENS on or about 16 March 2015.
02-Mar-2015
(Official Notice)
Shareholders are advised that Highway Corporate Services (Pty) Ltd. have been appointed as Company Secretary of the company with effect from 2 March 2015.
23-Feb-2015
(Official Notice)
Shareholders are advised that Mr Pieter van der Sandt has resigned as Company Secretary with effect from 28 February 2015. An announcement regarding Mr van der Sandt?s replacement will be made in due course.
03-Dec-2014
(Official Notice)
Bell advised shareholders that it has embarked on a review of all its cost structures group-wide to ensure alignment with revenue performance and the changing needs of the business and its customers, with a view to improving operating efficiencies and ensuring the group?s long term competitiveness and sustainability.



In South Africa, a consultation process in terms of section 189A of the Labour Relations Act has been embarked upon with organised labour and other relevant stakeholders. The group is also reviewing all non-South African group operations and similar processes will be followed in those countries where necessary.
26-Nov-2014
(Official Notice)
Shareholders are referred to the recent cautionary announcements released on the Stock Exchange News Service of the JSE Ltd. and are advised that, as the negotiations referred to therein have been terminated, caution is no longer required to be exercised by shareholders when dealing in their Bell securities.

13-Nov-2014
(Official Notice)
Shareholders are accordingly advised that the company's earnings per share ("EPS") and headline earnings per share ("HEPS") for the year ending 31 December 2014 are expected to be at least 30% (58 cents) lower than the EPS and HEPS of 193 cents and 192 cents, respectively, for the year ended 31 December 2013. This expected difference is mainly due to a reduction in demand from the mining sector, which has had a negative impact on production volumes at the company's production facilities.



In view of the volatility in exchange rates and uncertainty as to the timing of the finalisation and delivery of certain sales orders the company cannot, with reasonable certainty, quantify the extent of its results for the year ending 31 December 2014 within the 20% range required by the Listings Requirements.



A further trading statement for the year ending 31 December 2014 will be released on SENS once more certainty exists.



Shareholders are reminded that the company is still trading under a cautionary, per the announcement released on SENS on 31 October 2014.
31-Oct-2014
(Official Notice)
Further to the cautionary announcement released on SENS on 18 September 2014 and in the press on 19 September 2014, shareholders are advised that Bell has entered into negotiations, which if successfully concluded, may have a material effect on the price of the Company's securities. Accordingly, shareholders are advised to continue exercising caution when dealing in the Company's securities until a further announcement is made.
18-Sep-2014
(Official Notice)
Further to the cautionary announcement released on SENS on 7 August 2014 and in the press on 8 August 2014, shareholders are advised that Bell has entered into negotiations, which if successfully concluded, may have a material effect on the price of the company's securities.



Accordingly, shareholders are advised to continue exercising caution when dealing in the company's securities until a further announcement is made.
11-Aug-2014
(C)
Revenue for the interim period increased to R3.4 billion (2013: R3 billion). Gross profit rose to R789.8 million (2013: R686.2 million), while profit for the period attributable to owners of Bell lowered to R58.6 million (2013: R148.4 million). Furthermore, headline earnings per share dropped to 61cps (2013: 156cps).
07-Aug-2014
(Official Notice)
Shareholders are referred to the trading statement released on SENS on 20 May 2014 wherein it was reported that the Company expected a decrease in its financial results for the forthcoming reporting period of at least 70% from those reported for the six months ended 30 June 2013.



Shareholders are now advised that the Company expects earnings and headline earnings per share for the six months ended 30 June 2014 to be between 60 cents and 65 cents, a decrease of approximately 60%, compared with the earnings and headline earnings per share of 156 cents for the six months ended 30 June 2013. It is anticipated that Bell will release its reviewed interim results on SENS on or about 11 August 2014.
07-Aug-2014
(Official Notice)
Further to the cautionary announcement released on SENS on 17 June 2014 and in the press on 18 June 2014, shareholders are advised that Bell has entered into negotiations, which if successfully concluded, may have a material effect on the price of the Company's securities. Accordingly, shareholders are advised to continue exercising caution when dealing in the Company's securities until a further announcement is made.
17-Jun-2014
(Official Notice)
Further to the cautionary announcement released on SENS on 2 May 2014 and in the press on 5 May 2014, shareholders are advised that Bell has entered into discussions, which if successfully concluded, may have a material effect on the price of the Company's securities. Accordingly, shareholders are advised to continue exercising caution when dealing in the Company's securities until a further announcement is made.
20-May-2014
(Official Notice)
Shareholders are accordingly advised that the Company's earnings per share ("EPS") and headline earnings per share ("HEPS") for the six months to June 2014 are expected to be at least 70% lower than the EPS and HEPS of 156 cents and 153 cents, respectively, for the six months ended 30 June 2013. This expected difference is mainly due to a reduction in demand from the mining sector, which has had a negative impact on production volumes at the Company's production facilities.



In view of the volatility in exchange rates and uncertainty as to the timing of the finalisation and delivery of certain sales orders the Company cannot, with reasonable certainty, quantify the extent of its results for the six months ending 30 June 2014 within the 20% range required by the Listings Requirements. A further trading statement for the six months ending 30 June 2014 will be released on SENS once more certainty exists. Shareholders are reminded that the Company is still trading under a cautionary.
05-May-2014
(Official Notice)
At the forty sixth (46th) annual general meeting of the shareholders of Bell Equipment Limited held today, the 5th of May 2014, all the ordinary and special resolutions proposed at the meeting were approved by the requisite majority of votes.



The special resolutions will, where necessary, be lodged for registration with the Companies and Intellectual Property Commission in due course.
02-May-2014
(Official Notice)
Further to the cautionary announcement released on SENS on 14 March 2014 and in the press on 17 March 2014, shareholders are advised that Bell has entered into negotiations, which if successfully concluded, may have a material effect on the price of the Company's securities. Accordingly, shareholders are advised to continue exercising caution when dealing in the Company's securities until a further announcement is made.
01-Apr-2014
(Official Notice)
With regard to the audited results for the year ended 31 December 2013, shareholders are advised that the annual financial statements have been distributed to shareholders on 1 April 2014 and contain no modifications to the audited results which were published on SENS on Friday, 14 March 2014.



Notice of the annual general meeting

Notice is given that the 46th annual general meeting of Bell shareholders will be held at 13-19 Carbonode Cell Road, Alton, Richards Bay, Kwazulu-Natal on Monday, 5 May at 11:00 to transact the business as stated in the annual general meeting notice forming part of the annual financial statements.
14-Mar-2014
(Official Notice)
Bell draw stakeholders' attention to the fact that the company has issued a cautionary announcement to shareholders indicating that certain discussions are taking place which, if successfully concluded, may have an impact on the market price of Bell's shares. Shareholders are, accordingly, advised to exercise caution when trading in the company's shares, pending further announcements in this regard.
14-Mar-2014
(C)
Revenue increased to R6.3 billion (R5.7 billion). Gross profit rose to R1.4 billion (R1.3 billion). Profit from operating activities was lower at R340.1 million (R364.9 million) Net attributable profit declined to R183 million (R224.8 million). In addition, headline earnings per share fell to 192cps (236cps).



Outlook

The start to the year ahead has been modest and unless conditions improve significantly, it is difficult to be too optimistic about the prospects for the year ahead. There are clearly obstacles in the Eurozone, with the current political upheaval in Eastern Europe detracting from any confidence in economic growth for that region. Within South Africa, the projected increase in infrastructure spend should have a positive impact upon Bell, but its timing is uncertain, particularly with the forthcoming elections likely to take our political leaders' eyes off the economic ball.

14-Mar-2014
(Official Notice)
Shareholders are advised that Bell has entered into negotiations, which if successfully concluded, may have a material effect on the price of the Company's securities. Accordingly, shareholders are advised to exercise caution when dealing in the Company's securities until a further announcement is made.
11-Sep-2013
(Official Notice)
Shareholders are advised that the following director has resigned from Bell?s board with immediate effect:

*Mr. Andre Mc Duling, the alternate executive director to Mr. Gary Bell (Managing Director).
08-Aug-2013
(C)
Revenue for the interim period increased to R3.0 billion (R2.9 billion) and profit from operating activities decreased to R218.9 million (R223.8 million). Profit for the period attributable to owners rose to R148.4 million (R135.8 million). In addition, headline earnings per share grew to 156cps (143cps).
09-May-2013
(Media Comment)
According to the Financial Mail overseas markets are becoming increasingly important to Bell. Bell is re-entering the US market after an absence of more than 10 years. The offshore activity will set Bell on the road to becoming a multinational corporation. Bell expects developed markets to grow faster than South Africa.
03-May-2013
(Official Notice)
At the 45th annual general meeting of the shareholders of Bell held on the 30th of April 2013, all the ordinary and special resolutions proposed at the meeting were approved by the requisite majority of votes.
19-Apr-2013
(Media Comment)
Business Day reported that Bell has been granted the distribution rights for the Terex Finlay range of mobile crushing, screening and recycling equipment in South Africa. Terex Finlay is part of the global Terex group.
04-Apr-2013
(Official Notice)
With regard to the audited results for the year ended 31 December 2012, shareholders are advised that the annual financial statements have been distributed to shareholders on Wednesday, 3 April 2013 and contain no modifications to the audited results which were published on SENS on Monday, 18 March 2013.



Notice of the annual general meeting

Notice is hereby given that the 45th annual general meeting of Bell shareholders will be held at 13-19 Carbonode Cell Road, Alton, Richards Bay, KwaZulu-Natal on Tuesday, 30 April 2013 at 11:00 to transact the business as stated in the annual general meeting notice forming part of the annual financial statements.



Salient dates

The notice of the company's annual general meeting has been sent to its shareholders who were recorded as such in the company's securities register on Friday, 22 March 2013 being the notice record date set by the Board of the company determining which shareholders are entitled to receive notice of the annual general meeting.



The record date on which shareholders of the company must be registered as such in the company's securities register in order to attend and vote at the annual general meeting is Friday, 19 April 2013 being the voting record date set by the board of the company determining which shareholders are entitled to attend and vote at the annual general meeting. The last day to trade in order to be entitled to vote at the annual general meeting will therefore be Friday, 12 April 2013. Proxy forms must be lodged by no later than 11:00 on Friday, 26 April 2013. Any forms of proxy not lodged by this time must be handed to the chairperson of the annual general meeting immediately prior to the annual general meeting.
18-Mar-2013
(C)
Revenue increased to R5.7 billion (R5.1 billion). Gross profit rose to R1.3 billion (R1.2 billion). Profit from operating activities declined to R364.9 million (R435.6 million). Net attributable profit decreased to R224.8 million (R275.8 million). In addition, headline earnings per share fell to 236cps (285cps).



Dividend

A final gross ordinary dividend of 40cps has been declared.



Outlook

Bell has a growing order book which bodes well for the first half of 2013. There are clearly obstacles in the face of the Eurozone turnaround but it appears that many economies are showing signs of growth. Certainly, within South Africa, the projected increase in infrastructure spend should have a positive impact upon Bell, particularly as its range of quality products fits well into the needs of the National Development Plan.
21-Jul-2017
(X)
With over sixty years of experience, the group provides equipment solutions to the agriculture, forestry, waste handling, construction, mining and quarrying industries, and delivers to stakeholders through living its motto of ?Strong Reliable Machines, Strong Reliable Support?.



The Articulated Dump Truck (ADT) is the group?s core product and Bell is acknowledged globally as an ADT specialist for its ongoing innovation and the class-leading performance of its ADTs. Bell ADTs are exported worldwide from the group?s manufacturing and assembly facilities in South Africa and Germany respectively.



In southern Africa, along with its own designed and manufactured products, the group holds strategic dealerships with several leading global manufacturers to achieve the group?s objective of being a full range material handling distributor to the region. Bell is able to offer over 100 products well suited to all applications by complementing its ADT product with a range of wheeled loaders, haulage tractors, excavators, motor graders, dozers, TLBs, triwheeled rough terrain handling equipment, as well as a complete range of compaction, crushing and screening machinery.
12-Nov-2012
(Media Comment)
According to Business Report, Bell has taken major steps in effecting its planned relaunch of the Bell brand in the Americas after 12 years of supplying the product under a different brand. The manufacturer announced that it had appointed Wajax Equipment as its distributor and dealer of Bell articulated dump trucks in Canada with immediate effect. Gary Bell, Bell's chief executive said that Canada was viewed as a strong articulated dump truck market (ADT), ranking in the top five largest ADT markets globally. Managing director of Bell UK, Neville Paynter, added that Wajax would initially distribute the 35-ton and 50-ton range until 1 January 2014 and thereafter the complete range of ADTs.
11-Oct-2012
(Media Comment)
Business Day reported that Bell will remain firm partners with US company John Deere. This is despite the recent announcement that the two companies will no longer collaborate on the manufacture of articulated dump trucks. John Deere still owns a 31.58% stake in Bell and CEO Gary Bell said that "nothing has changed at this point" with respect to that. Underlying their shareholders agreement was a supply and distribution agreement. Mr Bell further added that the company would continue to design and manufacture its own range of such vehicles and that under the new agreement Bell will have access to American markets which the company is excited about.
04-Oct-2012
(Official Notice)
Shareholders were advised that the following directors have resigned from Bell's board with immediate effect:

*John Deere Forestry and Construction Equipment nominated directors:

**Messrs Kelan Manning, Douglas Gage, Richard Buchignani and Tim Averkamp (alternate director)



Other:

*Mr Guy Harris, the alternate director to Mrs Karen van Haght (financial director)
24-Aug-2012
(Official Notice)
The board of Bell has learnt of the statement made by one of its members in an interview with Moneyweb, which impugned the conduct and ethics of John Deere Construction and Forestry Company, in circumstances where that member had no facts to legitimately support making that statement. The board was not aware that one of its members intended to make the statement in the Moneyweb interview, nor did the board in any way authorize the director concerned to make any such statement.
13-Aug-2012
(C)
Revenue for the interim period jumped to R2.9 billion (2011: R2.1 billion). Gross profit grew to R638.5 million (2011: R496.8 million), while profit for the period attributable to owners of Bell surged to R135.8 million (2011: R103.3 million). Furthermore, headline earnings per share rose to 143cps (2011: 105cps).



Dividend

No dividend was declared.



Prospects

Bell is confident that the solid first half-year results will continue into the second half of the financial year, unless there is a major decline in market demand.
07-Aug-2012
(Official Notice)
Bell is currently finalising its results for the six months ended 30 June 2012, which should be released on SENS on 13 August 2012. In this regard, shareholders are advised that earnings and headline earnings of between 140 and 145 cents per share are expected compared to the earnings of 109 cents per share and headline earnings of 105 cents per share for the corresponding reporting period of the previous year. The report will be available for inspection at the company's registered office by 13 August 2012.
30-Mar-2012
(Official Notice)
Shareholders are advised that the annual financial statements have been distributed to shareholders on 30 March 2012 and contain no modifications to the audited results which were published on SENS on 15 March 2012.



Notice of the annual general meeting

Notice was given that the 44th annual general meeting of shareholders will be held at 13-19 Carbonode Cell Road, Alton, Richards Bay, Kwazulu-Natal on Monday, 7 May 2012 at 11:00 to transact the business as stated in the annual general meeting notice forming part of the annual financial statements.



Salient dates

The notice of the company's annual general meeting has been sent to its shareholders who were recorded as such in the company's securities register on 23 March 2012, being the notice record date set by the Board of the Company determining which shareholders are entitled to receive notice of the annual general meeting.
19-Mar-2012
(Media Comment)
According to Business Report, Bell equipment has increased its workforce by 25 percent on the back of a turnaround in profitability resulting from the increased demand for products produced by the listed manufacturer of heavy equipment for the construction and mining sectors. Bell equipment increased its workforce to 3 300 people at the end of December. This means the company is close to its peak employment level of 3 500 people in 2008, following the retrenchment of 1 148 employees in 2009 in the wake of the financial crisis. The turnaround had its genesis in the Trade and Industry Department's retroactive readmission of the company to the Motor Industry Development Programme last year. This helped the group to narrow the loss in the second half of its financial year to December 2010 compared with the previous six months, and to start re-employing retrenched workers after running its manufacturing operations at less than 30 percent of capacity because of a lack of demand caused by the recession. Chief executive Gary Bell said last week that the increased demand for Bell's products resulted in significantly improved throughput in the group's two production facilities, which in turn required the rehiring of personnel following the downsizing that took place during 2009 and 2010. He said the turnaround in the profitability of the group could be attributed to a number of factors, including the 49 percent increase in sales revenue and improved gross profit margins in the year. He said the containment of group overheads was another meaningful contributor to the turnaround, particularly the improvement in manufacturing and services labour and overhead recoveries of about R265 million because of increased production. Bell said the group expected this trend to continue as a result of its sizeable rise in staff costs, which was directly attributable to the increased production requirements and the fact that most staff were rewarded with incentive bonuses.
15-Mar-2012
(C)
Revenue climbed to R5.1 billion (R3.4 billion) and gross profit improved to R1.2 billion (R726.5 million). Profit from operations more than trippled to R435.6 million (R124.6 million), while profit for the year attributable to ordinary equity holders of the company grew more than tenfold to R275.8 million (R25.6 million). Furthermore, headline earnings per share surged to 285cps (27cps).



Outlook

The outlook for the year ahead is encouraging. Bell has a record order book which bodes well for the first half of 2012. There are clearly obstacles in the face of the Eurozone turnaround but it appears that many economies are showing signs of growth and although China is downgrading its estimates of growth in the immediate future, the levels they are projecting are still enormous in a global context. Certainly, within South Africa, the projected increase in infrastructure spend should have a positive impact upon Bell. Prospects within the rest of Africa continue to look good particularly with the prices of commodities such as copper and coal holding up well.
08-Mar-2012
(Official Notice)
Shareholders are referred to the trading statement released on SENS on 23 December 2011 wherein it was reported that it was estimated that the company would show an improvement in results of at least 20% from those reported for the year to 31 December 2010. Bell herewith reports that it expects earnings and headline earnings per share for the financial year ended 31 December 2011 to be between 287 and 292 cents and between 282 and 287 cents respectively, compared with the earnings and headline earnings per share of 27 cents for the 2010 financial year. Audited results for the year ended 31 December 2011 are expected to be announced on SENS on or about 15 March 2012.
02-Dec-2011
(Official Notice)
Bell Equipment Ltd announce the appointment of Mr Pieter van der Sandt as company secretary with effect from 16 January 2012. Mrs Diana McIlrath who has filled the position of interim company secretary will consequently resign from that position on 16 January 2012.

22-Sep-2011
(Official Notice)
Further to the announcement released on SENS on 31 August 2011 wherein shareholders were advised that Mr Riaan Verster had resigned as company secretary of Bell with effect from 30 September 2011, it is confirmed that Mrs D McIlrath, will assume the role of interim company secretary from 1 October 2011 until a permanent appointment is made. Mrs McIlrath is a partner at the law firm Shepstone - Wylie.
15-Sep-2011
(Official Notice)
Shareholders are referred to the cautionary announcement issued on 25 May 2011, which was renewed on 7 July and 19 August 2011. Shareholders were advised that discussions which relate to the company which could have a material effect on the price of the company's shares, were still underway. Shareholders are hereby further advised that the continuing discussions are between the two major shareholders, I A Bell - Co (Pty) Ltd ("I A Bell") and John Deere Construction - Forestry Company ("Deere"), and relate to the future ownership of Deere's 31.59% shareholding in Bell. Following the launch by Deere of its own range of articulated dump trucks ("ADTs") and confirmation by Bell that it will continue with the design and manufacture of its own range of ADTs, Bell and Deere have been involved in discussions to amend or terminate certain product agreements between them, including the ADT manufacturing and distributor agreement in terms of which Deere currently manufactures, assembles and distributes Bell designed ADTs in certain markets under an exclusive distributor mandate. Although discussions are ongoing between the parties the successful completion of these negotiations and the amendment of the current license agreements between Deere and Bell will end the exclusivity provisions, facilitating Bell`s direct entry into certain strategic markets, in particular with respect to ADTs. Deere would also be free to sell its ADTs and other products throughout the world. Although the amendment of these agreements will result in a change to the commercial relationship between the parties in the medium to long term, both Deere and Bell have expressed their intention to remain committed as partners in other areas. In this regard it can be confirmed that discussions are also underway to ensure the continuation of Bell`s role as Deere`s dealer of construction and forestry equipment in South Africa and a number of other countries in Sub-Saharan Africa. If Deere disposes of its interest in Bell, the Deere nominated directors will step down as directors of Bell. If not, the issue of possible conflicts of interest of these directors will have to be dealt with. Accordingly, shareholders are advised that the cautionary announcement is hereby withdrawn and that shareholders will be kept informed of any further developments in this regard.
31-Aug-2011
(Official Notice)
The company hereby advised that Mr R Verster has tendered his resignation as company secretary with effect from 30 September 2011. A further announcement will be made once a new company secretary has been appointed.
19-Aug-2011
(Official Notice)
Further to the announcements released on SENS on 25 May 2011 and 7 July 2011, shareholders are advised that discussions which relate to the company are still underway and as a consequence may have a material effect on the price of the company's shares. Shareholders are accordingly advised to exercise caution when dealing in the company's shares until a further announcement is made.
10-Aug-2011
(C)
Revenue for the interim period ended 30 June 2011 increased to R2.142 billion (2010: R1.502 billion). Gross profit rose to R496.8 million (2010: R324.4 million), profit before taxation skyrocketed to R151.1 million (2010: R1.1 million), while profit for the period attributable to equity holders of Bell soared to R103.3 million (2010: R8.3 million). Furthermore, headline earnings per share grew to 105cps (2010: 9cps).



Prospects

Bell is confident that the second half to the financial year will continue to be encouraging, notwithstanding the uncertain global economic situation. The rise in commodity prices has resulted in increasing mining activity worldwide with the result that Bell's order book for mining related products is as full as it has ever been.



Cautionary

As readers may be aware, Bell is presently trading under a cautionary announcement. The issues being deliberated are nearing resolution but at the date of this report are not complete, with the result that the company is unable to offer any further clarity at this stage.
05-Aug-2011
(Official Notice)
The board has appointed Mr Richard Buchignani as a non-executive director with effect from 5 August 2011.
04-Aug-2011
(Official Notice)
Bell is currently finalising its results for the six months ended 30 June 2011, which should be released on SENS on 10 August 2011. In this regard, shareholders are advised that earnings of approximately 109 cents per share and headline earnings of approximately 105 cents per share are expected compared with the earnings of 9 cents per share (headline earnings of 9 cents per share) for the corresponding reporting period of the previous year.
26-Jul-2011
(Official Notice)
Mr Donald de Bastiani has notified the board of Bell of his resignation as a non- executive director from the board with effect from 25 July 2011.
19-Jul-2011
(Official Notice)
At the general meeting of the shareholders of Bell held on 19 July 2011, all the ordinary and special resolutions proposed at the meeting were approved by the requisite majority of votes.
07-Jul-2011
(Official Notice)
Further to the announcement released on SENS on 25 May 2011 and in the press on 26 May 2011, shareholders were advised that discussions which relate to the company were still underway and as a consequence may have a material effect on the price of the company's shares. Shareholders were accordingly advised to exercise caution when dealing in the company's shares until a further announcement was made.
20-Jun-2011
(Official Notice)
Notice was given that the general meeting of Bell's shareholders will be held at 13 - 16 Carbonode Cell, Alton, Richards Bay on Tuesday, 19 July 2011 at 11:00 to transact the business as stated in the general meeting notice which will be posted to shareholders on or about 20 June 2011.
25-May-2011
(Official Notice)
Shareholders were advised that discussions which relate to the company are currently underway and as a consequence may have a material effect on the price of the company's shares. Shareholders were accordingly advised to exercise caution when dealing in the company's shares until a further announcement was made.
06-Apr-2011
(Official Notice)
Shareholders are advised that the annual financial statements have been distributed to shareholders on 31 March 2011 and contain no modifications to the audited results which were published on SENS on 14 March 2011.



Notice is hereby given that the 43rd annual general meeting of shareholders will be held at 11:00 on 4 May 2011 at the Bell Visitors' Centre, 13 - 19 Carbonode Cell, Alton, Richards Bay to transact the business as stated in the annual general meeting notice forming part of the annual financial statements.

14-Mar-2011
(C)
Revenue increased from R2.7 billion to R3.4 billion in 2010. Gross profit increased to R726.5 million (2009: R535.1 million) and operating profit increased to R124.6 million (2009:Operating loss of R263.4 million). Profit attributable to ordinary shareholders increased to R25.6 million (Loss attributable to ordinary shareholders R259.7 million). Headline earnings per share increased to 27cps (2009: Headline loss per share of 274cps).



Dividend

No interim dividend was declared for the period under review.



Prospects

The outlook for the year ahead is encouraging notwithstanding the fact that the economies of many of the countries in which Bell operates still look fragile and are only likely to show modest growth. Fortunately for the group, the rises in commodity prices are resulting in considerably increased mining activity which in turn has seen a sizeable improvement in our order book for mining related products. The construction industry is showing only modest signs of recovery and is unlikely to have a dramatic impact on improving turnover in the year ahead. The difficulty of obtaining financing facilities by our customers over the past two or three years has undoubtedly had a retarding effect on our sales. However, we are now experiencing an improving borrowing environment for our customer base and this will significantly enhance their propensity to purchase new equipment. Finally, management are in the process of securing new products to complete the range of Bell's offering and this too will be positive for the group going forward.
02-Mar-2011
(Official Notice)
Shareholders were referred to the trading statement released on SENS on 15 December 2010 wherein it was reported that it was estimated the company would be achieving break even (or possibly a marginal profit) by year end as opposed to the R272 million loss for the 2009 financial year. Bell herewith reports that it now expects earnings and headline earnings per share for the financial year ended 31 December 2010 to be between 20 to 35 cents, compared to the loss and headline loss per share of 274 cents for the 2009 financial year. Audited results for the year ended 31 December 2010 are expected to be announced on SENS on or about 14 March 2011.
17 Jan 2011 15:08:39
(Official Notice)
The company reports with great sadness that Mr John Kloet, a non-executive alternate director of Bell Equipment Limited, passed away on 14 January 2011.
15 Dec 2010 11:05:08
(Official Notice)
The company's results for the year to December 2010 are expected to show an improvement of at least 20% from those reported for the year to December 2009 - due to an improvement in trading conditions and the benefits derived from the company's cost reduction efforts it is estimated that the group will be achieving break even (or possibly a marginal profit) by year-end as opposed to the R271 million loss for the 2009 financial year. The group is therefore required in terms of the JSE Ltd ("JSE") listings requirements to issue a trading statement. However, in view of the volatility in exchange rates and the uncertainty as to timing of finalization, and hence delivery, of certain orders ahead of year end, the projection of results to 31 December 2010 cannot be given with any certainty. It is expected that a further trading statement for the year to December 2010 will be issued later in the reporting period, which should be in March 2011.
19 Nov 2010 09:02:17
(Official Notice)
Ms Bharti Harie has been appointed as an independent non-executive director to the Board of Bell Equipment Limited with effect from 19 November 2010.
05 Nov 2010 09:11:09
(Official Notice)
Mr Barry Schaffter has notifed the board of Bell of his resignation from the board with effect from 1 November 2010. The board has appointed Mr Donald de Bastiani to replace Mr Schaffter with effect from 1 November 2010 and has also agreed to the appointment of Mr Timothy Averkamp as an alternate director to Mr De Bastiani, also effective 1 November 2010.

08 Oct 2010 07:49:02
(Media Comment)
According to Business Report, Gary Bell, the group chief executive of Bell Equipment, said the rand's strength would have a big impact on the group's manufacturing component in this country. But Bell equipment, which makes heavy earthworking equipment, had a mix of products, so the effects of the exchange rate were offset by importing certain components. "If the rand strength is an ongoing situation, then we will have to look at how much we manufacture outside the country. So we may relocate some manufacturing from South Africa to our factory in Germany."
10 Aug 2010 10:04:17
(C)
Revenue improved to R1.5 billion (2009: R1.4 billion), gross profit also increased slightly to R324 million (2009: R323 million). Operating income was enhanced to R37 million (2009: loss of R153 million), while net profit attributable to ordinary shareholders grew to a profit of R8.3 million (2009: loss of R181 million). Headline earnings per share rose to 9cps (2009: loss of 191cps).



Dividend

No dividend was declared in the period under review.



Prospects

The company continues to have meaningful engagements with government at various levels and as Southern Africa's leading heavy construction, mining, agricultural and forestry equipment manufacturer, is extremely supportive of all initiatives and programmes which seek to bolster the economy and improve prospects for the creation of employment in the industry. In this context, Bell fully supports the industrial policy action plan (IPAP2) with its purpose of expanding production in the value-added sectors where high employment and growth multipliers are present.
28 Jul 2010 16:01:35
(Official Notice)
Bell Equipment Ltd is currently finalising its results for the six months ended 30 June 2010, which should be released on 10 August 2010. In this regard, shareholders are advised that earnings (and headline earnings) of approximately 9 cents per share are expected compared to the 190 cents loss per share (and 191 cents headline loss per share) for the corresponding reporting period of the previous year. The financial information on which this trading statement is based is being reviewed by the company's auditors and their report will be available for inspection at the company's registered office by 10 August 2010.
29 Jun 2010 08:09:33
(Media Comment)
Business Day reported that Bell will supply materials-handling machinery to copper mines in the Democratic Republic of Congo. CEO Gary Bell said Bell has focused on the copper mining sector in the Congo as the company perceives "growth prospects and long-term stability" in the country. Frost - Sullivan mining analyst, Wonder Nyanjowa, commented that the copper mines require Bell's equipment.
06 May 2010 17:20:22
(Official Notice)
At the 42nd annual general meeting of shareholders of Bell held on 6 May 2010, all the ordinary resolutions proposed at the meeting were approved by the requisite majority of votes. No special resolutions had been proposed.
07 Apr 2010 08:49:52
(Official Notice)
The Johannesburg Stock Exchange ("JSE") advised that the audit opinion on the company's Annual Financial Statement for the year ended 31 December 2009 contains an "emphasis of matter" audit opinion. Shareholders are advised to refer to the financial statements to ascertain the exact nature of the modification. Accordingly, the company's listing on the JSE TRADELECT system will be annotated with an "E" to indicate the modification. The annotation will be removed when the company's auditor's report no longer contains a modified opinion. This announcement has been placed by the JSE in the interest of shareholders.
31 Mar 2010 08:09:55
(Official Notice)
Shareholders are advised that the annual financial statements for the year ended 31 December 2009 have been dispatched to shareholders on Tuesday, 30 March 2010 and contain no modifications to the audited results which were published on SENS on Friday, 12 March 2010.



Notice of the annual general meeting

Notice was also given that the 42nd annual general meeting of shareholders will be held at the registered office of the company, 13-19 Carbonode Cell Road, Alton, Richards Bay on 6 May 2010 at 11:00.
15 Mar 2010 09:12:01
(Media Comment)
According to Business Report Bell Equipment is rehiring about 150 workers after retrenching last year in what the company described as the toughest and most challenging year in history. Assistance has also been provided by the Trade and Industry Department by retroactively readmitting the listed manufacturer of heavy equipment for construction and mining to the Motor Industry Development Program(MIDP). This helped the company to narrow its loss in the second half of its financial year, and also helped it to start re-employing retrenched workers.



Gary Bell, chief executive, said the company was in the process of increasing production rates in its manufacturing operations. Bell indicated that the company had enough confidence to start re-employing workers because of an improvement in the past 9-12 months in demand and commodity prices, which drive the company's business. Bell further added that the company would not have been at risk if it had failed to be readmitted to the MIDP,adding that the group had done a good job of repaying it borrowings in the year to December, and was through the worst of the market slump.
12 Mar 2010 11:04:15
(C)
08 Mar 2010 17:24:33
(Official Notice)
Further to the trading statement issued on 22 December 2009 wherein it was reported that a loss of between 370 cents and 410 cents per share was expected, Bell now expects the loss per share for the financial year to 31 December 2009 to be between 270 cents and 280 cents per share compared with earnings per share of 367 cents for the corresponding reporting period of the previous year. Audited results for the year ended 31 December 2009 are expected to be announced on SENS on or about 12 March 2010.
22 Dec 2009 13:09:42
(Official Notice)
With regard to Bell's results for the year ended 31 December 2009, which should be released on SENS during March 2010, shareholders are advised that a loss of between 370 cents and 410 cents per share is expected compared with earnings per share of 367 cents for the corresponding reporting period of the previous year. This loss is attributable to the difficult trading conditions experienced in 2009 caused by the global economic recession. The company is continuing in its efforts to right-size its business to the current market requirements and to exploit new revenue generating opportunities. The forecast financial information on which this trading statement is based has not been reviewed and reported on by the company's auditors.
18 Dec 2009 09:30:31
(Official Notice)
Mr Howard Buttery announced his retirement as chairman and director of the board of Bell. His retirement will be effective from the company's next annual general meeting to be held on 6 May 2010 upon which date Mr Mike Mun-Gavin, a current director of the company, will succeed him as independent non-executive chairman of the board. In addition, Mr Leon Goosen will be appointed to the board as an executive director in line with the group's succession planning, also effective 6 May 2010. Mr Andre McDuling will be appointed as an alternate director to both Messrs Gary Bell and Leon Goosen from this date.
30 Oct 2009 12:13:21
(Official Notice)
Mr Derek Smythe will be stepping down as an executive director to the Bell Equipment Ltd board ("the Board") with effect from 2 November 2009. The board announced the appointment of Mr John Barton as an independent non-executive director with effect from 2 November 2009.



In addition, Mr Peter Bell will step down as alternate director to Mr Gary Bell. Mr Leon Goosen will, with effect from 2 November 2009, be acting as Mr Gary Bell's alternate director.
11 Aug 2009 14:32:35
(C)
Revenue decreased from R2.8 billion to R1.4 billion in 2009. Gross profit decreased to R322.9 million (2008:R712.4 million) and operating profit decreased to -R153.2 million (2008:R408.7 million). Profit attributable to ordinary shareholders decreased to -R180.8 million (R262.1 million). Headline earnings on a per share basis decreased to -191cps (276cps).



Dividends per share

No interim dividend was declared for the period under review.



Prospects

Many dramatic changes have occurred in the world markets for mining and construction equipment since the third Quarter of 2008. This time last year the company reported to shareholders that the results for the six months ended 30 June 2008 were the best half-year results in the group's history. The company is now reporting to shareholders that they have had the worst six months results in the Bell group's history. The turmoil from the ongoing global recession continues to deeply impact on sales for the industry however the company is managing to generate cash flow from a reduction in inventory and receivables.
30 Jul 2009 13:01:17
(Official Notice)
Bell is currently finalising its results for the six months ended 30 June 2009, which should be released on SENS on 11 August 2009. In this regard, shareholders are advised that a loss of approximately 190c per share is expected compared with the 276c earnings per share for the corresponding reporting period of the previous year. The headline loss per share is expected to be 191c per share compared with the headline earnings of 276c per share for the six months ended 30 June 2008. This loss is largely attributable to the global economic recession. The effects of the right sizing exercise being carried out by management will only yield the full financial impact in the following 6 months to year end. The financial information on which this trading statement is based is being reviewed by the company's auditors and their report will be available for inspection at the company's registered office from 11 August 2009.
12 Jun 2009 09:01:09
(Media Comment)
According to Business Report, Bell has put voluntary retrenchments on holds while it is negotiating a retrenchment package with organised labour. Talks between labour and the company are aimed at restarting the process, which should have been completed by early May 2009. After letting 825 people go, Bell's staff complement is now just less than 3 000 people.
01 Jun 2009 11:54:44
(Official Notice)
The unaudited management accounts (which have been prepared in terms of International Financial Reporting Standards) for the four months ended 30 April 2009 reflect an after tax loss of R74,6 million (April 2008: R168,4 million profit after tax). This translates into a loss per share of 73 cents (April 2008: 170 cents earnings per share) and a headline loss per share of 73 cents as compared to 170 cents headline earnings per share for the four months ended 30 April 2008. The disappointing results are as a result of a longer than expected severe downturn in demand for the groups products which to date has shown very little signs of improvement. A summary of the unaudited abridged financial statements for the period ended 30 April 2009 has been posted on our investor relations website.
15 May 2009 10:00:11
(Media Comment)
Management at Bell Equipment has taken pay cuts of up to 25% to limit retrenchments at the business, which is facing a cash flow crisis following a sharp fall in commodity prices that has staled new mining developments. Mining firms are among Bell's biggest customers. Gary Bell, the group chief executive, said the intention was to "preserve as many jobs as possible."
06 May 2009 15:20:16
(Official Notice)
At the 41st annual general meeting of shareholders of Bell Equipment held today, 6 May 2009, all the ordinary resolutions proposed at the meeting were approved by the requisite majority of votes (no special resolutions had been proposed).
16 Mar 2009 09:42:52
(Media Comment)
Business Day reported that amid the financial crisis, Bell is revising its business plan. The company's business plan is now geared to achieving positive cash flow in the current financial year and realising value on inventory and receivables.
02 Apr 2009 10:06:32
(Official Notice)
The JSE Ltd wishes to advise that the audit opinion on the above company's Annual Financial Statements for the year ended 31 December 2008 contains an "emphasis of matter "audit opinion. Shareholders are advised to refer to the financial statements to ascertain the exact nature of the modification. The company's listing on the JSE TRADELECT system will be annotated with an "E" to indicate the modification. The annotation will be removed when the company's auditor's report no longer contains a modified opinion. This announcement has been placed by the JSE in the interest of shareholders.
31 Mar 2009 10:20:55
(Official Notice)
With regard to the audited results for the year ended 31 December 2008, shareholders are advised that the annual financial statements have been dispatched to shareholders on Monday the 30 March 2009 and contain no modifications to the audited results which were published on SENS on Friday 13 March 2009. The audited results of Bell as referred to above and the annual financial statements were audited by Bell's auditors, Deloitte and Touche and their report is available for inspection at Bell's registered office (13-19 Carbonode Cell Road, Alton, Richards Bay).



The 41st annual general meeting of shareholders will be held at the registered office of the company, 13-19 Carbonode Cell Road, Alton, Richards Bay on 6 May 2009 at 11:00 to transact the business as stated in the annual general meeting notice forming part of the annual financial statements.
13 Mar 2009 14:58:33
(Official Notice)
Mr John Kloet has been appointed as an alternate director to Messrs Douglas Gage and Kelan Manning on the board of Bell with effect from 11 March 2009.
13 Mar 2009 13:53:12
(C)
13 Jan 2009 14:48:15
(Official Notice)
Messrs Leon Goosen and Andre Richard McDuling have been appointed as alternate directors to the board of Bell with effect from 13 January 2009, replacing Messrs Michael Campbell and Paul Bell.
17 Oct 2008 09:50:49
(Media Comment)
According to Business Day, an almost 60% drop in the share price of Bell was caused by a foreign investor liquidating all South African holdings on Wednesday, 15 October 2008. Group strategy and public affairs director Guy Harris said the company suspected an errant trade and complained to the securities authority, but it turned out to be a legitimate deal as the trade elicited a best purchase bid of R5.05. Bell shares rebounded though, trading up 277% to R19.00, as bargain hunters sought to benefit from a weakening currency, which Bell's exports will benefit from. Bell is likely to have an edge over competitors such as Barloworld which import heavy machinery as opposed to manufacturing products locally. Harris also said that mining projects were still likely to go ahead even though platinum prices have fallen to USD1 000 an ounce.
12 Aug 2008 09:24:53
(C)
The results for the six months ended 30 June 2008 are the best half-year results in the Bell group?s history. These results continue to be boosted by strong commodity prices and the increases in infrastructure spend, both of which are important growth drivers for our customer base. Sales revenue is up by 35% from R2 069 billion to R2 787 billion and more importantly the gross profit is up 57% to R712.5 million. Headline earnings are up 44% from 192 cents to 276 cents and the net asset value per share has increased by R2.85 since the beginning of the year to R17.41 per share at 30 June 2008. There was negative cash flow of R236.7 million during the period.



Dividends

No dividend was declared for the period under review.



Prospects

Along with customer service, quality continues to be an area of key focus, which is resulting in reduced warranty cost and increased customer satisfaction. We are optimistic that the results for the second half of the year will continue their positive performance and that we will see a continuation of these benefits in our report to shareholders for the full year to December 2008.
08 Aug 2008 12:11:06
(Official Notice)
The present company secretary of Bell, Mr Pat Mahony, will be retiring at the end of September 2008. The board has appointed Mr Riaan Verster, LL M as company secretary to succeed Mr Mahony with effect from 1 October 2008.
30 Jul 2008 12:37:12
(Official Notice)
Bell expects that for the half-year ended 30 June 2008, earnings per share and headline earnings per share will be between 260 and 288cps. This is 35% to 50% higher than the 192cps reported in the first half of 2007. The results for the half-year ended 30 June 2008 will be published on SENS on Tuesday, 12 August 2008.
21 May 2008 11:48:02
(Official Notice)
The unaudited management accounts for the three months ended 31 March 2008 reflect an after tax profit of R91.2 million (R81.1 million). This translates into earnings per share of 96 cents (86 cents) and headline earnings per share of 96 cents as compared to 86 cents for the three months ended 31 March 2007. A summary of the unaudited abridged financial statements for the period ended 31 March 2008 has been posted on Bell's investor relations website.
08 May 2008 10:11:27
(Official Notice)
Mr Jeremy Horne retired as a director at the company's AGM held on 7 May 2008.
07 May 2008 15:27:27
(Official Notice)
At the fortieth annual general meeting of the shareholders of Bell held on Wednesday, 7 May 2008, the requisite majority of shareholders approved all the ordinary resolutions proposed at the meeting.
07 Apr 2008 07:45:39
(Media Comment)
A shortage of components could affect Bell's profit in the next 18 months. According to Business Report, chairman Howard Buttery said in the group's annual report, that one of the most difficult challenges the group had ever faced was the current supply chain and component shortage problems. This comes after the record profits that the group reported over the 2007 financial year.
04 Apr 2008 12:24:41
(Official Notice)
Shareholders are advised that the annual financial statements of Bell have been distributed to shareholders on 31 March 2008.



Notice is hereby given that the 40th annual general meeting of Bell shareholders will be held at 13-19 Carbonode Cell Road, Alton, Richards Bay on Wednesday, 7 May 2008 at 10:00 to transact the business as stated in the annual general meeting notice forming part of the annual financial statements.
17 Mar 2008 11:38:32
(C)
Revenue increased by 30.9% to R4.6 billion (R3.5 billion) and at the same time gross profit reached an all time high of R977.2 million (R793.9 million) , up R183.2 million on the previous year. Profit from operating activities rose to R494.3 million (R368.2 million) and profit for the year attributable to ordinary shareholders increased to R364.9 million (R236.2 million). This led to growth in headline earnings on a per share basis to 384cps (252cps).



Dividend

A ordinary final dividend of 40cps (25cps) has been declared for the period under review.



Prospects

The current outlook for Bell is very encouraging and orders for the group's range of products are at record levels. Bell is competing successfully with global giants in both local and global markets and continues to strengthen its distribution channels and product offerings.
13 Mar 2008 12:35:09
(Official Notice)
Following his recent transfer within the John Deere organization, Mr John J Dalhoff, a nominated non-executive director, has resigned from the Bell board with immediate effect. Simultaneously, Mr Kelan Manning has been appointed with immediate effect to the Bell board to succeed Mr Dalhoff as a non-executive director.
13 Mar 2008 12:24:32
(Official Notice)
The directors of are pleased to announce that the results for the year ended 31 December 2007 which will be published on SENS on 17 March 2008 reflect an after tax profit of R365 million (R236 million in 2006) which translates into earnings per share of 385 cents (249 cents in 2006) and headline earnings per share of 384 cents (249 cents in 2006).
12 Feb 2008 07:44:14
(Media Comment)
Business Report quoted Bell's chief executive Gary Bell as saying that some projects that the group was planning will be held "off until we have clarity on electricity". This could stop the creation of hundreds of jobs, even though it would continue to build a facility in South Africa to make components that would have to otherwise be imported. Bell manufactures in Richards Bay and Germany, and Bell commented that because of the weak rand, production should be moving back to South Africa, but that this is not happening because of the electricity crisis. However, Bell said that the company would still be able to cope with only 2% economic growth in South Africa should that occur.
08 May 2006 17:38:41
(Official Notice)
John Du Toit, an executive marketing director of Bell, has resigned from the board and will shortly be embarking on a new career in the furniture industry which will also entail moving from Zululand. Coinciding with this change the board announced the appointment of Karen van Haght, currently a director of the main Bell operating company in South Africa and group financial controller, as the financial director.
03 May 2006 09:07:29
(Official Notice)
With the termination of the contract which resulted in sales to John Deere at a gross loss which are now done on a cost plus margin basis , the benefits of the royalty based agreements whereby Bell produces Deere products in South Africa and Deere assembles Bell Articulated Dump Trucks in the USA, and general improvements, the results for the first quarter of 2006 which are unaudited and have not been reviewed by the external auditors reflect an after tax profit of R27.06 million which translates into headline earnings of 28cps.
17 Mar 2006 14:39:40
(C)
31 Oct 2005 10:28:43
(Official Notice)
Mr Michael Anthony Mun-Gavin, a director of Marriot Holdings Ltd, has been appointed a director of Bell and a member of its Audit Committee with effect from 28 October 2005.
29 Sep 2005 15:39:17
(Media Comment)
Business Report's 29 September 05 edition stated that Bell has invested R36 million in a production line to produce side shift tractor loader backhoes. The move could add up to R200 million to the group's revenue.
22 Aug 2005 15:37:05
(Official Notice)
Mrs Karen June van Haght has been appointed a director of Bell Equipment Company S.A (Pty) Ltd and Group Financial Controller.
11 Aug 2005 17:54:01
(C)
Bell`s board viewed the company`s results for the six months ended 30 June 2005 as acceptable given the trading conditions and exchange rates in which the group operated. Revenue of R1.6 billion for the six months was up 23% on the comparative period in 2004. Gross profit at R249.8 million, however, dropped from 20% to 15% of revenue, which is as a result of continuing losses on the contracted export of product to the United States and discounting in the face of fierce competition in the domestic and UK markets. Exports as a percentage of sales were 56%, up 5% from the comparative period, as were export volumes up by 9%. Margins were also affected by the strengthening of the rand, earning on average R6.24 for each U.S. dollar of exports as compared with June 2004`s average rate of R6.60. Net operating profit was R32.8 million as compared to R25.7 million this despite a R15.6 million drop in gross profit. Net asset value per share has increased by 25 cents since the beginning of the year. The most pleasing aspect of these results is the positive cash flow of R106.7 million that was generated in the six months despite capital expenditure of R15.1 million in the period.



The group has still not enjoyed the full working capital benefits of the German assembly plant as high volumes stress the supply chain and increased competition erodes the margin expectation. During the next six months a further reduction in borrowings of over R100 million is expected.



Outlook

The entire Bell team has a clear resolve to achieve the stated targets set for cost reduction, efficiency and quality improvements . The sustainable benefits of the Project 100 Plus programme and the strategic alliance with Deere are expected to flow substantially to the bottom line during 2006



08 Aug 2005 10:46:02
(Official Notice)
Shareholders are advised that as of 5 August 2005:

*Roger L Bridges (USA) has been appointed a non executive director;

*SCM Nyembezi, a non executive director, has resigned;

*CD Anderson (USA), a non executive director, has retired from John Deere and resigned from the Bell Equipment board.
27 Jul 2005 13:21:11
(Official Notice)
Bell expects to make a profit for the six months ended 30 June 2005 equivalent to headline earnings of 11cps. In the comparative period to 30 June 2004 the company made a headline loss of 6cps. Earnings per share to 30 June 2005 are 13cps as compared to a loss per share of 6cps for the six months ended 30 June 2004. The board anticipates that the final results for the period ended 30 June 2005 will be published on SENS and in the media on Friday, 12 August 2005. The results on which this trading statement is based have not been reviewed or reported on by Bells auditors.

22 Jun 2005 12:10:56
(Official Notice)
Mr Barry Wayne Schaffter (USA) has been appointed to the board as a non-executive director, with immediate effect.



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