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30-Jul-2018
(C)
Revenue for the interim period grew to R5.3 billion (R5.1 billion) whilst gross profit lowered to R360.7 million (R534.1 million). Operating profit dropped to R98.5 million (R286.4 million). Net profit attributable to ordinary shareholders also dipped to R41.6 million (R177.9 million). In addition, headline earnings per share fell to 13cps (56cps).



Dividend

Dividends are considered on an annual basis and no interim dividend was declared.



Company prospects

Hulamin expects the positive operational momentum from the first two quarters of 2018 to continue into the second half. Order books for Rolled Products are firm for the balance of the year. In the United States, market conditions remain volatile, although currently at stronger rolling margins. The Rand has weakened again since the highs of R11.50 in the first quarter that reduced profits through the first quarter. Should these weaker levels persist, we expect improved results in the second half.
25-Jul-2018
(Official Notice)
Shareholders are referred to the trading statement released on the Stock Exchange News Service (?SENS?) on 25 May 2018 in which Hulamin advised that its basic earnings per share (?EPS?) and basic headline earnings per share (?HEPS?) will be at least 55% lower than the prior comparative period of 56 cents per share, resulting in a basic EPS and a basic HEPS being no higher than 25 cents per share.



Shareholders are now advised that Hulamin expects its basic EPS and HEPS for the six months ended 30 June 2018 to be between 10 cents and 16 cents per share, being between 82% and 71% lower respectively than 56 cents per share in the prior comparative period.



Hulamin?s results for the six months ended 30 June 2018 are expected to be released on SENS on or about 30 July 2018.
21-Jun-2018
(Official Notice)
Shareholders are advised that Mrs AT Nzimande has resigned as an independent non-executive director from the board of directors of Hulamin (?the Board?), with effect from 30 June 2018.
05-Jun-2018
(Official Notice)
Richard Jacob CEO of Hulamin is today, 5 June 2018, presenting ?Think Future.Think Aluminium.Think Hulamin? at the SBGS Metals and Mining Conference in Johannesburg.



The presentation is metal and product focussed and contains no financial information. It will be available for download from 15:00 on the Investor Relations page at www.hulamin.com.
25-May-2018
(Official Notice)
04-May-2018
(Official Notice)
Shareholders are advised that the Chairman?s statement published on the website on 30 April 2018 has been updated, following the latest statement by the Department of Trade and Industry that South Africa will not be exempt from USA import tariffs for steel and aluminium products. The updated Chairman?s statement is available on Hulamin?s webpage at www.ir.hulamin.com.
30-Apr-2018
(Official Notice)
Shareholders are advised that the chairman of the board of directors of Hulamin (the ?Board?), Mr ME Mkwanazi, has resigned from his position as such with effect from 26 April 2018, having lead the board since the Company?s listing in 2007.



Mr Mkwanazi presented his chairman?s statement at the annual general meeting of the Company on

Thursday, 26 April 2018. The chairman?s statement will be available on the Company?s Investor Relations webpage under Sens ir.hulamin.com/, on Wednesday, 2 May 2018.



Following Mr Mkwanazi?s resignation, the board is pleased to announce that Mr TP Leeuw, who has served on the Board since 2007 as an independent non-executive director, has been elected as the chairman of the board with effect from 26 April 2018.



Board committee changes

Following his appointment as chairman of the board, Mr Leeuw has resigned as chairman of the audit committee.



The board and shareholders resolved to appoint Mr N Maharajh as the new chairman of the audit committee, and to appoint Mr CA Boles and re-appoint Ms NNA Matyumza as members of the audit committee with effect from the 2018 annual general meeting, held on 26 April 2018.
30-Apr-2018
(Official Notice)
Results of the Annual General Meeting



Shareholders are advised that the Annual General Meeting of Hulamin shareholders was held on 26 April 2018, and that the special and ordinary resolutions proposed thereat were approved by the requisite majority of votes.



The total number of Hulamin ordinary shares in issue is 387 146 369 shares of which 306 657 930 shares were voted at the Annual General Meeting, representing 79% of the total issued shares.
05-Apr-2018
(Official Notice)
Shareholders are referred to the notice of annual general meeting, included in the Company?s Integrated Report, posted to them on 28 March 2018, and are advised that Resolution number 6, being a Special Resolution to approve the non-executive directors? fees, contains a typographical error in the date in the heading of the second column of the table contained therein. The heading should read and is hereby amended to read ?Proposed fees from 1 August 2018?.
29-Mar-2018
(Official Notice)
In accordance with Appendix 1 to Section 11 of the JSE Listings Requirements, notice is given that the Company?s Annual Compliance Report, in terms of section 13G(2) of the Act, is available on the Company?s website: www.hulamin.com/downloads
28-Mar-2018
(Official Notice)
Shareholders are advised that the company?s Integrated Report in respect of the year ended 31 December 2017, containing the annual financial statements have, today, been distributed to shareholders and are available on the company?s website (www.hulamin.com).



Neither the audited annual financial statements nor the Audit Report contain any modifications in respect of the provisional audited financial results for the year ended 31 December 2017, which were released on SENS on 26 February 2018.



Notice of the Annual General Meeting

Notice is hereby given that the Annual General Meeting (?AGM?) of shareholders will be held at the company?s offices, Moses Mabhida Road, Pietermaritzburg, KwaZulu-Natal on Thursday, 26 April 2018 at 15:00 to transact the business as set out in the notice. The salient dates relevant to the AGM are set out below:

*Record date for shareholders to receive the notice of AGM - Friday, 16 March 2018

*Last date to trade in order to be eligible to attend and vote at the AGM - Tuesday, 17 April 2018

*Record date to determine the shareholders entitled to attend and vote at the AGM - Friday, 20 April 2018

*Forms of proxy for the AGM to be lodged by 15:00 on* Tuesday, 24 April 2018

*Any proxies not lodged by this time may be handed to the chairperson of the AGM immediately prior to the AGM.
28-Feb-2018
(Official Notice)
Shareholders are referred to the SENS announcement, containing the provisional audited financial statements for the year ended 31 December 2017, released on 26 February 2018, and are advised that the requisite information relating to the audit opinion was inadvertently omitted therefrom. The audit opinion information is accordingly set out below:



Audit opinion

The auditors, PricewaterhouseCoopers Inc., have issued their opinion on the group's financial statements for the year ended 31 December 2017. The audit was conducted in accordance with International Standards on Auditing. They have issued an unmodified audit opinion. The auditor's report does not necessarily report on all the information contained in this announcement. Shareholders are therefore advised that, in order to obtain a full understanding of the nature of the auditor's engagement, they should obtain a copy of the auditor's report together with the accompanying financial information from the company's registered office. These summarised consolidated financial statements, although not audited, have been derived from the group's audited financial statements and are consistent, in all material respects, with the group's audited financial statements. The directors take full responsibility for the preparation of this announcement, including ensuring that the summarised consolidated financial statements are correctly extracted from the underlying audited financial statements.
26-Feb-2018
(C)
Revenue for the year rose to R10.2billion (R10.1 billion). Gross profit decreased to R1 billion (R1.1 billion). Operating profit was down to R538 million (R621.5 million). Net profit attributable to equity holders was R332.2 million (R385 million). In addition, headline earnings per share was recorded at 104cps (119cps).



Dividend

The board has declared a final dividend of 15 cents per share for 2017 (before withholding tax) (2016: 15 cents per share) payable on Monday, 26 March 2018, to shareholders included in the share register on Friday, 23 March 2018.



Company prospects

Efforts continue to maintain the improved sales and manufacturing performance in 2018. Further initiatives to improve rolling margins through focusing on a higher margin product mix are gaining momentum. The firming Rand will continue to impact financial performance negatively as foreign-denominated selling prices translate to lower Rand rolling margins. Trade actions between the USA and China are currently creating positive demand momentum for Hulamin products in the USA. Hulamin's strong brand and reputation for good quality products and service, places the company in a good position to capitalise on improving US market conditions.



Hulamin enjoys the benefits of duty free access to the USA as a result of both the Africa Growth and Opportunities Act (AA) and General System of Preferences (GSP) legislation. Hulamin notes with caution the proposed aluminium trade restricting recommendations issued by the US Commerce Secretary on 16 February 2018 that may impose value and/or volume constraints on aluminium imports into the USA. With 20% sales exposure to the USA, these recommendations may impact on Hulamin if and when adopted.

06-Feb-2018
(Official Notice)
Despite achieving a record sales volume of 233 000 tons, Hulamin?s operating profit for the 2017 financial year is expected to be below that of the prior year, mainly impacted by the significantly stronger Rand that averaged R13.32/US Dollar in 2017 (2016: R14.73).



The strengthening of the currency had a negative effect on profits, amounting to approximately R300 million (headline earnings per share (?HEPS?) impact of 68 cents per share) for the year under review, as conversion prices of Hulamin?s rolled products are principally foreign denominated.



However, an improving US Dollar aluminium price resulted in a positive metal price lag impact on Hulamin?s profits of approximately R150 million, an increase of R100 million (HEPS impact of 23 cents per share) over the gain in the prior year.



This metal price lag gain, together with the Company?s strong manufacturing and sales performance and the increased focus on cost reduction, provided a buffer against the negative impact of the currency.



Hulamin expects earnings per share (?EPS?), HEPS and normalised EPS for the year ended 31 December 2017 to be within the ranges shown below:

31 December 2017 Expectation (cents) and percentage change; 31 December 2016 Reported (cents)

EPS: 100 (-17%) ? 112 (-7%); 120

HEPS: 100 (-16%) ? 112 (-6%); 119

Normalised EPS: 100 (-16%) ? 112 (-6%); 119



Hulamin?s results for the year ended 31 December 2017 are expected to be released on the Stock Exchange News Service on or about 26 February 2018.
07-Dec-2017
(Official Notice)
Shareholders are advised that, in terms of paragraph 3.78 of the JSE Limited Listings Requirements, the board of directors has proposed that Ernst - Young Inc. be appointed as the Company?s external auditors for the financial year ending 31 December 2018, with Mr Sifiso Sithebe acting as the designated audit partner.



Hulamin?s transformation objectives include the empowerment of its supplier base. To this end, Ernst - Young will partner with Ubucule Inc, a KZN-based Black-owned auditing and accounting firm. The change in audit firm is subject to the approval by shareholders at the Company?s annual general meeting, which is scheduled to be held on 26 April 2018 and, subject to such approval, the appointment will become effective on that date.



The Company initiated the termination of the current auditors? appointment, effective 25 April 2018, as a result of the adoption of an audit firm rotation process, having regard to the fact that PwC has been the Group?s external auditor for the past 68 years.
10-Nov-2017
(Official Notice)
Hulamin is today, 10 November 2017, hosting a Strategic and Operational Update at Hulamin in Pietermaritzburg.



The presentation by management will be available on www.hulamin.com from 11.00 SA time and contains no undisclosed material financial information.
31-Jul-2017
(C)
Revenue for the interim period increased to R5.1 billion (2016: R4.9 billion). Gross profit decreased slightly to R534.1 million (2016: R534.4 million), operating profit rose to R286.4 million (2016: R257.2 million), while net profit for the period shot up to R177.9 million (2016: R152.2 million). Furthermore, headline earnings per share grew to 56 cents per share (2016: 48 cents per share).



Dividend

Dividends are considered on an annual basis and no interim dividend was declared.



Prospects

Hulamin expects the momentum that prevailed in the first half of 2017 to continue into the second half. We will compensate for weak local market conditions with further improvements in sales mix, cost controls and operating efficiencies. A number of concurrent shutdown activities are planned for the second half to include routine maintenance and upgrades. Also included is the next phase of conversion of our manufacturing facilities from Liquid Petroleum Gas to CNG that will increase our usage of CNG to around 45% of our total gas consumption. Order books for Rolled Products are healthy for the balance of the year following improvements in our US standard products distribution channel.
19-Jul-2017
(Official Notice)
28-Apr-2017
(Official Notice)
At the Hulamin (77th) annual general meeting (?AGM?) of its shareholders held on 26 April 2017, all the ordinary and special resolutions proposed at the meeting were approved by the requisite majority of votes.
03-Apr-2017
(Official Notice)
The board of directors of the company advised shareholders that Questco Corporate Advisory (Pty) Ltd. (?Questco?) has been appointed as the Company?s Sponsor, with effect from 1 April 2017.
24-Mar-2017
(Official Notice)
In terms of Hulamin?s board succession plan, Ms A T Nzimande(46) and Mr Robert Larson(61) have been appointed as non-executive directors on the board of Hulamin Ltd. with effect from 1 April 2017.





23-Mar-2017
(Official Notice)
With regard to the audited results for the year ended 2016, shareholders are advised that the annual financial statements will be distributed to shareholders today, 23 March 2017 and contain no modifications to the audited results which were published on SENS on 22 February 2017.



Notice of the annual general meeting

Notice is hereby given that the 77th annual general meeting of Hulamin shareholders will be held at the company offices, Moses Mabhida Road, Pietermaritzburg, on Wednesday, 26 April 2017 at 15h00 to transact the business as stated in the annual general meeting notice forming part of the annual financial statements.



Salient dates 2017

*Record date to determine which shareholders are entitled to receive the notice of annual general meeting Friday, 17 March

*Last day to trade in order to be eligible to attend and vote at the annual general meeting Tuesday, 18 April

*Record date to determine which shareholders are entitled to attend and vote at the annual general meeting Friday, 21 April

*Forms of proxy for the annual general meeting to be lodged by 15h00 on Monday, 24 April

*any proxies not lodged by this time may be handed to the chairperson of the annual general meeting immediately prior to the due commencement of the annual general meeting.



28-Feb-2017
(Media Comment)
According to Business Report Hulamin said it was considering investments in technology in a bid to diversify its business. The company said the decision to refocus came as its predictions showed that aluminium prices would remain unpredictable in the near future. Chief executive Richard Jacob said technology and the automotive sectors would play a critical role in how the company performs in the future.
27-Feb-2017
(C)
Revenue for the year rose to R10.1billion (R8.4 billion). Gross profit increased to R1.1 billion (R540 million). Operating profit grew to R621.5 million (R295.5 million). Net profit attributable to equity holders rose to R384.9 million (R163.7 million). In addition, headline earnings per share was recorded at 119cps (37cps).



Dividend

Notice is hereby given that the directors have declared a final gross cash dividend of 15.0 cents (12.0 cents net of dividend withholding tax) per ordinary share for the year ended 31 December 2016.



Prospects

Hulamin expects to maintain the improved sales and manufacturing performance achieved in 2016, into 2017. Should the Rand continue to firm against the US Dollar, however, this is likely to put pressure on financial performance. We expect healthy demand for our products throughout 2017 in market conditions that we expect to remain uncertain.

27-Jan-2017
(Official Notice)
Charles Alexander Boles has been appointed as a member of the Hulamin Remuneration and Nomination Committee with effect from 1 February 2017. Naran Maharajh has been appointed as a member of the Hulamin Audit Committee with effect from 1 February 2017. Geoffrey Harold Melrose Watson has been appointed as a member of the Hulamin Risk - SHE Committee with effect from 1 February 2017.
24-Jan-2017
(Media Comment)
According to Business Report, Hulamin informed its shareholders that it expected a surge in earnings per share of between 127 percent and 141 percent for the year to end of December. Hulamin's share price thrived on the good news. Hulamin also noted that its rolled products had benefited from consistent investment in operational excellence and risk management to achieve record sales volumes of 214 000 tons for the year under review. The company is currently focusing on maintaining the positive momentum in the business.
23-Jan-2017
(Official Notice)
A strong manufacturing performance in 2016 supported the delivery of record sales volumes. Hulamin performed particularly well in the second half of the year, despite the strengthening of the Rand, to deliver a record operating profit for the full year, which was achieved in a relatively stable LME price environment.



Hulamin Rolled Products has benefitted from consistent investment in operational excellence and risk management to achieve record sales volumes of 214 000 tons for the year under review with strong improvements in yields/recoveries, unit costs and in the mix of high value products, particularly can end stock and heat treated plate. This positive momentum, achieved with an excellent safety record, provides a solid base for further focus and improvements going into 2017.



Local sales of rolled products increased to more than 70 000 tons. Sales of can body stock improved strongly in the second half after the slow start to 2016. This increase in demand allowed for an increase in scrap purchases and improved utilisation of Hulamin?s recycling capacity in the second half.

Hulamin Extrusions and Hulamin Containers also both performed better in 2016.



Consequently, shareholders are advised that Hulamin expects earnings per share (?EPS?), headline earnings per share (?HEPS?) and normalised EPS for the year ended 31 December 2016 to be within the ranges shown below:

31 December 2016 Expectation (cents) and percentage increase; 31 December 2015 Reported (cents)

EPS -- 116 (127%) ? 123 (141%); 51

HEPS -- 114 (208%) ? 121 (227%); 37

Normalised EPS -- 114 (107%) ? 121 (120%); 55



The improved profit performance and capital discipline allowed Hulamin to improve cash flows further in the second half resulting in Hulamin reducing its net borrowings further by some R350 million after closing at R952 million at the end of June 2016.



Hulamin is focused on maintaining the positive momentum in the business, increasing rolling margins (selling prices), improving operational performance and making further reductions in manufacturing cost.



Hulamin?s results for the year ended 31 December 2016 are expected to be released on the Stock Exchange News Service on or about 27 February 2017.
28-Oct-2016
(Official Notice)
Hulamin reported basic earnings per share ("EPS") and headline earnings per share ("HEPS") of 48 cents per share (?cps?) for the six-month interim period ended 30 June 2016. This was an improvement of 100% and 92% respectively over the comparative interim period to 30 June 2015, supported by improved manufacturing performance and a weaker currency.



Production performance and sales have improved further in the third quarter of 2016 on the levels attained in the first half of the year, and selling prices (conversion margins) and manufacturing costs, on a per unit basis, are in line with those achieved in the first six months. Sales of can body stock have increased in the third quarter, following a subdued first half, as has the purchase of can scrap metal (for re-processing into aluminium can stock).



The improved operating performance in the third quarter has mitigated the dampening effect of the strengthening of the Rand on Hulamin?s US Dollar-based conversion margins. This has resulted in a continuation of the earnings momentum delivered in the first half.



Shareholders are therefore advised that Hulamin?s EPS and HEPS for the year ending 31 December 2016 are expected to be at least 20%, or at least 10 cps and 7 cps respectively, higher than the EPS of 51 cps and HEPS of 37 cps reported for the year ended 31 December 2015.



Given the potential impact of a volatile Rand / US Dollar exchange rate on profits in the remaining quarter, Hulamin cannot, at this time, forecast with reasonable certainty its results for the year ending December 2016 within the 20% range required by the JSE Limited Listings Requirements.



A further trading statement for the year ending December 2016 will be issued once reasonable certainty exists.



Hulamin's results for the year ending December 2016 are expected to be released on SENS on or about 27 February 2017.
24-Aug-2016
(Official Notice)
In terms of Hulamin?s board succession plan, Mr Charles Alexander Boles (47) has been appointed as a non-executive director on the board of Hulamin with effect from 1 October 2016.
08-Aug-2016
(Official Notice)
In terms of Hulamin?s board succession plan, Dr Boni Mehlomakulu (43) has been appointed as a non-executive director on the board of Hulamin with effect from 1 November 2016.
02-Aug-2016
(Official Notice)
In terms of Hulamin?s board succession plan, Mr Naran Maharajh(50) has been appointed as a non-executive director on the board of Hulamin Ltd with effect from 1 September 2016.

25-Jul-2016
(C)
Revenue for the interim period increased to R4.928 billion (2015: R3.930 billion). Gross profit jumped to R534.4 million (2015: R288.2 million), operating profit rose to R257.2 million (2015: R138.5 million), while net profit for the period shot up to R152.2 million (2015: R75.7 million). Furthermore, headline earnings per share grew to 48 cents per share (2015: 25 cents per share).



Dividend

The Board is committed to the company?s dividend policy of three-times cover in the context of appropriate financial and market conditions. In this regard, the Board deemed it prudent not to declare an interim dividend for 2016 before evaluating conditions for the full year. The Board has further resolved to, in the future, determine the declaration of dividends on an annual basis.



Prospects

Hulamin expects the momentum gained from improved manufacturing performance in the first half of 2016 to continue in the second half, though weak market conditions are expected to persist both locally and internationally. There are early signs that the sales mix and operating margins may be better in the second half. The risk of energy disruption is expected to be lower due to further conversion from LPG to Compressed Natural Gas that is planned to accelerate in the second half. Order books for Rolled Products are full for the third quarter and we expect to fully sell all remaining capacity in the final quarter.
11-Jul-2016
(Official Notice)
Despite a tough trading environment, particularly in the local market which has been impacted by depressed economic conditions and competition from imports, and a slow first quarter in both domestic and export markets, sales volumes for the six-month period ended 30 June 2016 have improved considerably on growing production volumes.



The improved volumes and a significantly weaker Rand have assisted the company to remain cost competitive in the face of lower international selling prices in general which have prevailed since the fourth quarter of 2015.



Consequently, shareholders are advised that Hulamin expects earnings per share (?EPS?), headline earnings per share (?HEPS?) and normalised EPS for the six months ended 30 June 2016 to be within the ranges shown below:

30 June 2016 Expectation (cents) percentage increase and 30 June 2015 Reported (cents)

*EPS -- 46(92%) ? 50(108%); 24

*HEPS -- 46(84%) - 50(100%); 25

*Normalised EPS -- 46(77%) ? 50(92%); 26



Hulamin's results for the six months ended 30 June 2016 are expected to be released on the Stock Exchange News Service on or about 25 July 2016.
21-Apr-2016
(Official Notice)
At the Hulamin (76th) annual general meeting (?AGM?) of its shareholders held today, 21 April 2016, 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.





21-Apr-2016
(Official Notice)
Mr Johannes Bhekumuzi Magwaza has resigned as a non-executive director from the board of Hulamin Limited with effect from 30 April 2016. Mr Gcina Zondi has been appointed as an alternate non-executive director to Mr S P Ngwenya on the board of Hulamin Limited with effect from 1 May 2016.
22-Mar-2016
(Official Notice)
With regard to the audited results for the year ended 2015, shareholders are advised that the annual financial statements will be distributed to shareholders on 22 March 2016 and contain no modifications to the audited results which were published on SENS on 22 February 2016.



Notice of the annual general meeting

Notice is hereby given that the 76Th annual general meeting of Hulamin shareholders will be held at the Company offices, Moses Mabhida Road, Pietermaritzburg, on Thursday, 21 April 2016 at 15h00 to transact the business as stated in the annual general meeting notice forming part of the annual financial statements.



Salient dates

*Record date to determine which shareholders are entitled to receive the notice of annual general meeting -- Friday, 11 March 2016

*Last day to trade in order to be eligible to attend and vote at the annual general meeting -- Friday, 8 April 2016

*Record date to determine which shareholders are entitled to attend and vote at the annual general meeting -- Friday, 15 April 2016

*Forms of proxy for the annual general meeting to be lodged by 15h00 on* Tuesday, 19 April 2016

*any proxies not lodged by this time must be handed to the chairperson of the annual general meeting immediately prior to the annual general meeting.
10-Mar-2016
(Official Notice)
Hulamin announced the appointment of Mr Anton Krull CA (SA) (41) as Chief Financial Officer of Hulamin, with effect from 01 May 2016, following the resignation of David Austin on 01 March 2016.



Anton will re-join Hulamin from Amcor, a leading global Australian-listed packaging company, where he served as Finance Director of the South African operations.



Anton previously served in senior financial positions in Hulamin for seven years, most recently as General Manager: Group Finance where he headed the group?s finance and risk management functions.
01-Mar-2016
(Official Notice)
Shareholders are advised that Mr David Austin has tendered his resignation as Chief Financial Officer of the company and member of the board with effect from 01 May 2016 to pursue other interests.



Proceedings to appoint a successor and achieve a smooth transition are underway.



22-Feb-2016
(C)
Revenue for the year rose to R8.4 billion (R8.0 billion). Gross profit lowered to R540.0 million (R919.0 million). Operating profit decreased to R295.5 million (R585.1 million). Net profit attributable to equity holders took a knock to R163.7 million (R384.9 million). In addition, headline earnings per share dipped to 37cps (112cps).



Dividend

Given the current uncertain market and economic outlook, the board has decided not to declare a final dividend for 2015.



Prospects

Hulamin expects the momentum gained from improved manufacturing performance in the second half of 2015 to continue in 2016, with weak market conditions expected to persist both locally and internationally. The risk of energy disruption is now lower due to the installation of standby generators and the commencement of the conversion from LPG to CNG. The reported decline in international conversion prices is expected to be partially offset by actions and initiatives currently being taken to preserve cash, optimise sales and achieve cost efficiencies while benefiting from a weaker Rand against the US Dollar.
18-Feb-2016
(Official Notice)
Shareholders are referred to the trading statement released on SENS on 14 December 2015 in which Hulamin advised that its earnings per share (EPS) and headline earnings per share (HEPS) for the full year ended 31 December 2015 were expected to be more than 20%, or 24 cents per share, lower than EPS and HEPS reported for the previous corresponding reporting period.



Shareholders are now advised that Hulamin expects EPS, HEPS and normalised EPS for the year ended 31 December 2015 to be within the ranges shown below:

31 December 2015 Expectation (cents) and percentage decrease

*EPS: 50c(56%) - 53c(58%)

*HEPS: 36c(66%) - 38c(68%)

*Normalised EPS: 50c(52%) - 53c(55%)



Manufacturing performance improved significantly in the second half of the year, notwithstanding further interruptions in the supply of LPG gas. However, the price of aluminium, as quoted on the London Metal Exchange, declined further in line with the global fall in commodity prices and the metal price lag loss rose from R53 million at June 2015 to R161 million for the full year.



Hulamin?s financial results for the year ended 31 December 2015 are expected to be released on SENS on or about 22 February 2016. The financial information on which this trading statement is based has not been reviewed or reported on by the Company's external auditors.
22-Dec-2015
(Official Notice)
Shareholders are referred to the terms announcement released on the Stock Exchange News Service (?SENS?) on 15 December 2014, to the circular issued on 24 March 2015 and to the results of annual general meeting announcement released on SENS on 23 April 2015, regarding the Company?s broad-based BEE Transaction. As all the conditions precedent to the transaction have been fulfilled, the board of directors of Hulamin is pleased to confirm the successful completion of the BEE Transaction.
14-Dec-2015
(Official Notice)
Hulamin announced that it has agreed terms with Nampak for the supply of approximately 110 000 tons of rolled aluminium can end, can body and can tab stock over a three year period commencing April 2016. The previous supply agreement totalled approximately 50 000 tons and terminates in March 2016. The new agreement will see Hulamin increase its share of the local aluminium can body stock market to around 50% with the balance coming from imported product.
14-Dec-2015
(Official Notice)
In July this year Hulamin reported earnings per share (EPS) of 24 cents and headline earning per share (HEPS) of 25 cents for the six month period ended 30 June 2015, a decrease of 41% over the corresponding period in 2014. Shareholders were advised at that time that it was very unlikely that the shortfall in volume and profits that took place in the first six months could be made good in the second half of the year and this has proved to be the case.



Consequently, EPS and HEPS for the full year ending 31 December 2015 are expected to be more than 20%, or 24 cents per share, lower than those reported for the corresponding reporting period. However, at this point in time Hulamin cannot forecast its 2015 full year earnings with the certainty necessary to provide specific guidance but a further trading statement will be issued once such certainty is achieved.



Hulamin's audited results for the year ending 31 December 2015 are expected to be released on SENS on or about 22 February 2016.
01-Oct-2015
(Official Notice)
Hulamin is participating in the RMB Morgan Stanley Investor Conference in Cape Town on Thursday 1 October 2015.



The presentation by management is available for download on www.hulamin.co.za and contains no unpublished financial information.
30-Sep-2015
(Official Notice)
Shareholders are referred to the terms announcement released on the Stock Exchange News Service (?SENS?) on 15 December 2014, to the circular issued on 24 March 2015 and to the results of annual general meeting announcement released on SENS on 23 April 2015, regarding the Company?s broad-based BEE Transaction, following the maturing of the 2007 BEE Transaction.



It was further reported, in the Hulamin?s interim results announcement released on SENS on 27 July 2015, that implementation of the BEE Transaction remained subject to fulfilment of certain conditions precedent and was expected to be implemented during the third quarter of 2015.



Shareholders are advised that the confirmation of the requisite BEE credentials of the BEE SPV, whilst in progress, is not yet complete. Hulamin is engaging with the relevant parties to achieve fulfilment of this condition precedent as soon as possible.
28-Sep-2015
(Official Notice)
Shareholders are advised that Mr Simon Michael Gwyn Jennings has resigned from his position as an independent non-executive director of the company with effect from 30 September 2015, due to time constraints.
27-Jul-2015
(C)
Revenue decreased to R3.9 billion (R4.1 billion). Gross profit fell to R288.2 million (R453.1 million). Operating profit came in at R138.5 million (R210.4 million). Net attributable profit for the period plummeted to R75.7 million (R130 million). In addition, headline earnings per share came in at 25cps (41cps).



Dividend

Notice is hereby given that the directors have declared an interim gross cash dividend of 8.0 cents (6.8 cents net of dividend withholding tax) per ordinary share for the six months ended 30 June 2015.



Prospects

Hulamin expects manufacturing operations in the second half of 2015 to benefit from the corrective measures implemented to date, with challenging market conditions expected to continue in both local and international markets.
07-Jul-2015
(Official Notice)
On 24 April 2015, shareholders were advised that both earnings per share (EPS) and headline earnings per share (HEPS) for the six months ending 30 June 2015 were expected to be more than 20% lower than that reported for the six months ended 30 June 2014 (?comparative period?).



Manufacturing output in the first quarter fell sharply due to electricity supply curtailments and quality issues on two product lines. Improved plant loading and the installation of onsite supplementary generating sets lessened the impact during the second quarter. However, given the continuous nature of operations and the impact of a two week planned maintenance shut, it was not possible to make good the lost output and production volumes finished 17% lower than those achieved in the comparative period.



The London Metal Exchange (LME) quoted price for aluminium fell from USD1 832 per ton at January 2015 to USD1 646 at 30 June 2015. Geographic premiums, which are added to the LME base metal price, fell sharply in the second quarter to under USD200 per ton having reached above USD500 per ton in late 2014.



Hulamin does not speculate in aluminium. However, the lag between the price at which metal is purchased and subsequently resold gives rise to a gain or loss. Whilst Hulamin hedges 50% of this net exposure in terms of a long standing approved hedging strategy, the magnitude of the fall in the aluminium price resulted in a pre-tax loss of R55 million in respect of the unhedged portion.



The benefit of a weaker Rand, whilst significant, was not sufficient to counter the impact of the lower volumes and the metal price lag loss.



Consequently, shareholders are advised that Hulamin expects EPS, HEPS and normalised EPS for the six months ended 30 June 2015 to be within the ranges shown below:

30 June 2015 expected cents and percentage decrease - 30 June 2014 reported cents:

EPS: 22(46%) - 24(41%) - 41

HEPS: 23(44%) - 25(39%) - 41

Normalised EPS: 24(41%) - 26(37%) - 41



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

Hulamin's results for the six months ended 30 June 2015 are expected to be released on SENS on or about 27 July 2015.
23-Apr-2015
(Official Notice)
At the Hulamin (75th) annual general meeting ("AGM") of its shareholders held on 23 April 2015, all the ordinary and special resolutions proposed at the meeting were approved by the requisite majority of votes.



Report on proceedings at the general meeting



At the general meeting of shareholders of Hulamin held on 23 April 2015 ("General Meeting"), to consider the business of a Broad-Based BEE Transaction involving the participation of eligible employees and strategic Black Partners, as detailed in the circular posted to shareholders on Tuesday, 24 March 2015, 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.
23-Apr-2015
(Official Notice)
Manufacturing output in the first quarter was severely impacted by electricity supply curtailments and quality issues on two product lines.



Hulamin operates a complex serial manufacturing process that runs on a continuous basis and, as a result, lost production cannot subsequently be recovered. Product temperatures must be carefully maintained within certain parameters throughout the manufacturing process and power shortages impact exponentially on the quantum of production lost.



When load curtailment is enforced, Eskom currently provides Hulamin with an instruction to curtail its average power demand to between 90% (stage 1) or 80% (stage 2) of its baseline demand. Eskom is unable to provide advance notice of load curtailment and the frequency of curtailments has increased significantly in the last thirty days.



Hulamin are installing generating sets which will largely mitigate the future impact of stage 1 or 2 load shedding. The installation will take place during a planned maintenance shut in early May.



It is not possible to forecast with any certainty the extent of electricity curtailment that will take place over the remainder of the year. However, it is already clear that both earnings per share (EPS) and headline earnings per share (HEPS) for the six months ending 30 June 2015 will be more than 20% lower than those of the previous corresponding reporting period.



A further trading statement will be issued as soon as management are able to quantify the expected range of earnings for the six months ending 30 June 2015 with the reasonable certainty required by the rules of the Johannesburg Stock Exchange.



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



Hulamin's results for the six months ending 30 June 2015 are expected to be released on SENS on or about 27 July 2015.



Shareholders? attention is drawn to the Chairman's Statement that was presented at the AGM, which has been posted on the Hulamin website.
24-Mar-2015
(Official Notice)
Shareholders are referred to the announcement released on SENS on 15 December 2014, in which they were advised that Hulamin has entered into agreements to implement a broad-based BEE Transaction, following the maturing of the 2007 BEE Transaction. Shareholders are advised that a circular, setting out, inter alia, the terms of the BEE Transaction and incorporating a Notice of General Meeting convening a General Meeting of Hulamin shareholders in order to consider and, if deemed fit, to pass the ordinary and special resolutions necessary to authorise and implement the BEE Transaction, will be posted to shareholders today, Tuesday, 24 March 2015 (?the Circular?).



The salient dates pertaining to the General Meeting, also contained in the Circular, are as follows:

* Record date for Hulamin Shareholders to be eligible to receive the Circular: Friday, 20 March 2015

* Circular posted to Hulamin Shareholders on Tuesday, 24 March 2015

* Last day to trade Hulamin Shares in order to be eligible to participate in and vote at the General Meeting: Friday, 10 April 2015

* Record date in order to be eligible to be eligible to participate in and vote at the General Meeting: Friday, 17 April 2015

* Last date for receipt of the forms of proxy for the General Meeting by 15h15: Tuesday, 21 April 2015

* General Meeting to be held at 15h15 or immediately after the conclusion or adjournment of the Annual General Meeting (which is to commence at 14h45 at the same venue), whichever is the later, on Thursday, 23 April 2015

* Results of the General Meeting released on SENS on Thursday, 23 April 2015

* Results of the General Meeting published in the press on Friday, 24 April 2015

* Special resolutions filed with the Companies and Intellectual Property Commission: Friday, 24 April 2015



Should the General Meeting be adjourned or postponed, it is requested that forms of proxy be received by no later than 48 hours (excluding Saturdays, Sundays and statutory or proclaimed public holidays in South Africa) prior to the time of the adjourned or postponed General Meeting.
23-Mar-2015
(Official Notice)
Shareholders are advised that the annual financial statements will be distributed to shareholders on 23 March 2015 and contain no modifications to the audited results which were published on the Stock Exchange News Service of the JSE Limited on 23 February 2015.



Notice of the annual general meeting

Notice is hereby given that the seventy fifth annual general meeting of Hulamin shareholders will be held at the Company?s offices, Moses Mabhida Road, Pietermaritzburg, on Thursday, 23 April 2015 at 14h45 to transact the business as stated in the annual general meeting notice forming part of the integrated annual report.



Salient dates

The notice of Company?s annual general meeting has been sent to its shareholders who were recorded as such in the Company?s securities register on Friday, 13 March 2015 being the notice record date 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, 17 April 2015, being the voting record date 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, 10 April 2015. Proxy forms must be lodged by no later than 14h45 on Tuesday, 21 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.
23-Feb-2015
(C)
Revenue for the year increased to R8 billion (2013: R7.6 billion). Gross profit rose to R919 million (2013: R645.3 million), operating profit turned around to R585.1 million (2013: loss of R1.8 billion), while net profit for the year came in at R384.9 million (2013: loss of R1.3 million). Furthermore, headline earnings per share soared to 112cps (2013: 57cps).



Dividend

The directors have declared an annual gross cash dividend of 25cps per ordinary share for the year ended December 2014.



Prospects

Hulamin will continue to focus on the group's core competencies and product streams in 2015. Our efforts to simplify the business and establish clear accountability will improve manufacturing performance and in particular, production recoveries. Global markets for beneficiated aluminium products are growing and despite fierce competition, prices in the niches in which Hulamin's specialise are stable. Local market prices will be influenced by the level of imports and particularly those products that are sold into the South African market at prices lower than that in the exporter?s home market.



Load shedding will have a fundamental impact on the entire South African economy in 2015. Hulamin is currently cutting back 10% of its electricity consumption in terms of an agreement with both the Msunduzi Municipality and Eskom. Whilst all concerned should be commended for the cooperative approach taken, the reality is that Hulamin will lose at least 10% of production and profits if power disruptions continue. Richard Jacob has made an excellent recovery following an extended medical leave of absence and will resume his post as CEO on 1 March 2015.
16-Feb-2015
(Official Notice)
Hulamin shareholders are referred to the announcement released on the Stock Exchange News Service on 15 December 2014 relating to the Company?s proposed broad-based black economic empowerment transaction.



Shareholders are advised that the company has received an extension from the Johannesburg Stock Exchange (?JSE?) to the 60 day rule in terms of Section 11 of the JSE Listings Requirements. The required circular is in the process of being approved by the JSE and will be posted to shareholders in due course.

30-Jan-2015
(Official Notice)
The board of directors of Hulamin notified its shareholders that Richard Jacob has made a good recovery following surgery in August last year. Richard will be back in his office at Hulamin from Monday, 2 February 2015 and will use the month of February to familiarise himself with developments in the business. David Austin, the CFO of Hulamin, will continue as Acting CEO until 28 February 2015 and Richard will resume his role as CEO effective 1 March 2015.
15-Dec-2014
(Official Notice)
09-Dec-2014
(Official Notice)
Revised trading statement



Shareholders are referred to the trading statement released on the Stock Exchange News Service (?SENS?) on 20 October 2014 in which they were advised that Hulamin expected its earnings per share (?EPS?) and headline earnings per share (?HEPS?)(together, ?results?) for the year ended 31 December 2014 to exceed 70 cents per share, representing an improvement of more than 20% from the results of the previous corresponding reporting period.



In the same announcement, the Company undertook to issue a further trading statement once it had reasonable certainty on the expected range of the improvement in EPS and HEPS.



Accordingly, shareholders are advised that Hulamin expects EPS, HEPS and normalised EPS for the year ended 31 December 2014 to be within the ranges shown below:

Expected 2014, Change and reported 2013

*EPS 110cps to 121cps 126% to 129%, 422cps*

*HEPS 112cps to 123cps 96% to 116%, 57cps

*Normalised EPS 109cps to 120cps 73% to 90%, 63



* Hulamin reported negative EPS of 422 cents for the 2013 year after taking account of a net impairment charge of R1.5 billion, equivalent to 479 cents per share.



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



Hulamin's results for the year ending December 2014 are expected to be released on SENS on or about 23 February 2015.

24-Nov-2014
(Official Notice)
Shareholders are advised that Isizinda Aluminium ("Isizinda") announced the acquisition ("the acquisition") of the Bayside casthouse in Richards Bay, KwaZulu Natal from BHP Billiton The effective date is expected to be 1 April 2015, subject to Competition Commission approval.



Isizinda (meaning Hub in isiZulu) is a strategic partnership between Bingelela Capital and Hulamin. Bingelela Capital, a KZN based BEE group, owns a majority 60% stake in Isizinda. Hulamin holds 40% and will also provide managerial, technical and administrative support to Isizinda in terms of a strategic operator agreement.



Isizinda has concluded a groundbreaking five year metal supply agreement with BHP Billiton that will see liquid metal supplied by the nearby Hillside smelter directly to the Bayside casthouse. Hulamin in turn, has concluded a matching slab offtake agreement with Isizinda, with an estimated value of more than R10 billion over the five year period.



Isizinda is evaluating further phases of development to expand the Bayside casthouse to support the anticipated growth of the downstream aluminium industry in South Africa.



BHP Billiton will continue to operate the Bayside casthouse and to supply slab to Hulamin on an interim basis, until Competition Commission approval is granted and the acquisition is implemented.



Refer to www.hulamin.com and www.isizinda-aluminium.co.za for more information.



Conference call

Hulamin management will host a conference call at 11.00 today to discuss the acquisition. Dial +27 11 535 3600.



Playback of the call will be available for three days. Dial +27 11 305 2030 pin 33474.
20-Oct-2014
(Official Notice)
Hulamin reported negative earnings per share (EPS) of 422 cents for the 2013 year after taking account of a net impairment charge of R1.5 billion, equivalent to 479 cents per share. This charge will not recur in the current year and shareholders of Hulamin are advised that EPS for the year to December 2014 is expected to exceed 70 cents per share.



Whilst operational performance in the current period has been maintained at a similar level to that of the first half of the year, given the potential impact of the volatile Rand Dollar exchange rate on profits in the remaining quarter, Hulamin cannot at this time, forecast with reasonable certainty, its results for the year to December 2014 within the 20% range required by the JSE Ltd. Listings Requirements. Nonetheless, headline earnings per share (HEPS) for the year to December 2014 is also expected to exceed 70 cents per share (2013: 57 cents).



A further trading statement for the year to December 2014 will be issued once reasonable certainty exists. Hulamin's results for the year ending December 2014 are expected to be released on SENS on or about 23 February 2015.
02-Oct-2014
(Official Notice)
Shareholders are advised that Mr David Austin, Chief Financial Officer and Acting Chief Executive Officer of Hulamin Ltd, participated in the RMB Morgan Stanley Conference held in Cape Town on Thursday, 2 October 2014. The presentation is available for download on www.hulamin.co.za and contains no reference to current trading or future financial performance.



28-Jul-2014
(C)
Revenue increased to R4.1billion (R3.6 billion). Gross profit increased to R453.1 million (R320.3 million). Operating profit increased to R210.4 million (R122.8 million). Net attributable profit for the period increased to R130 million (R66.4 million). In addition, headline earnings per share increased to 41cps (21cps).



Outlook

The unaudited condensed consolidated interim financial information of the group for the half-year ended 30 June 2014 has been prepared in accordance with IAS 34 - Interim Financial Reporting and the Companies Act 71 of 2008, under the supervision of the Chief Financial Officer, Mr DA Austin CA(SA), and should be read in conjunction with the group's 2013 annual financial statements, which have been prepared in accordance with International Financial Reporting Standards. Hulamin believes normalised earnings to more accurately reflect operational performance and is arrived at by adjusting headline earnings to take into account non-operational and abnormal gains and losses.
11-Jul-2014
(Official Notice)
Hulamin is currently finalising its results for the six months ended 30 June 2014 and these results are expected to be released on SENS on or about 28 July 2014.



In this regard, shareholders are advised that normalised earnings per share are likely to be approximately 40% higher than in the corresponding reporting period of the previous year whilst headline earnings per share and basic earnings per share are likely to be approximately 95% higher. The significantly larger increase in headline and basic earnings per share is due to the distortion caused by the accrual of severance costs at June 2013. These severance costs were excluded from the determination of normalised earnings at June 2013.



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

01-Jul-2014
(Official Notice)
Hulamin announces CEO Richard Jacob is to take a medical leave of absence from 18 July 2014 to receive specialist medical care in South Africa and neurological surgery in the United States of America.



He is expected to return to the CEO position after a suitable period of convalescence, most likely in mid October 2014.



The board has appointed CFO David Austin as acting CEO during the CEO's leave of absence.
25-Apr-2014
(Official Notice)
Shareholders were advised that all the ordinary and special resolutions set out in the notice of annual general meeting were passed by the requisite majority of votes at the seventy fourth (74th) annual general meeting of Hulamin held on 24 April 2014.
25-Mar-2014
(Official Notice)
Shareholders are advised that the annual financial statements will be distributed to shareholders on 25 March 2014 and they contain no modifications to the audited results which were published on SENS on 24 February 2014.



Notice of the annual general meeting

Notice is given that the seventy fourth annual general meeting of Hulamin shareholders will be held at the Company's offices, Moses Mabhida Road, Pietermaritzburg, on Thursday, 24 April 2014 at 15h00 to transact the business as stated in the annual general meeting notice forming part of the integrated annual report.



Salient dates

The notice of Company's annual general meeting has been sent to its shareholders who were recorded as such in the company's securities register on Friday, 14 March 2014 being the notice record date 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 Thursday, 17 April 2014, being the voting record date 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, 10 April 2014. Proxy forms must be lodged by no later than 15h00 on Tuesday, 22 April 2014. 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.
24-Feb-2014
(Official Notice)
Shareholders are referred to the cautionary announcement issued by Hulamin on 16 January 2014, wherein it was advised that BHP Billiton had commenced an engagement process with its employees over the restructuring of its Bayside operations and that Hulamin had therefore entered into negotiations with BHP Billiton SA Holdings ("BHP Billiton") over the future of rolling slab supply from the Bayside casthouse.



Shareholders are now advised that BHP Billiton has committed to the continued supply of rolling slab to Hulamin to 31 December 2014 and in this regard, caution is no longer required to be exercised by shareholders when dealing in the company's securities. Hulamin and BHP Billiton have been in discussions for several years over the longer term availability of rolling slab and other value added smelter products from Bayside. These discussions are ongoing and shareholders will be advised as further developments take place.
24-Feb-2014
(C)
Revenue increased to R7.6 billion (R6.5 billion). Gross profit rose to R645.3 million (R430.6 million). An operating loss of R1.8 billion (profit of R101 087) was made. A net attributable loss of R1.3 billion (profit of R29.3 million) was registered. In addition, headline earnings per share more than doubled to 57cps (25cps).



Outlook

The continuing application of efficiency and improvement programmes are expected to benefit manufacturing performance and profitability in 2014 as Hulamin progresses towards full capacity utilisation. Local sales volumes are expected to grow in 2014 and beyond, as can production is switched to the all-aluminium can, to be completed by 2018 to 2020. Given Hulamin's current export position, financial performance will continue to be influenced by the value of the rand in exchange with foreign currencies.
16-Jan-2014
(Official Notice)
Shareholders are advised that Hulamin has entered into negotiations with BHP Billiton SA Holdings ("BHP Billiton") over the future of slab supply from the Bayside casthouse. This follows BHP Billiton having commenced an engagement process with its employees over the restructuring of its Bayside operations.



Hulamin sources approximately one third of its rolling slab requirements from the Bayside casthouse in Richards Bay, and produces the balance in its Camps Drift facility in Pietermaritzburg.



As these negotiations may have a material effect on the price of the company's securities, shareholders are advised to exercise caution when dealing in the company's securities until further announcements are made.
14-Nov-2013
(Official Notice)
Hulamin announces the appointment of David Cantieni as Manufacturing Support Executive with effect from 20 January 2014, for a contractual period of two years. The appointment is subject to an appropriate work permit being granted by the Department of Home Affairs.



Mr Cantieni is assigned to complement Hulamin?s operational capability with global aluminium rolling best practices and to coach and support the management team towards achieving global manufacturing benchmarks on a sustainable basis.
03-Oct-2013
(Official Notice)
Shareholders are advised that Mr Richard Jacob, Chief Executive Officer of Hulamin Limited, participated in the RMB Morgan Stanley Conference held in Cape Town on Thursday, 3 October 2013. The presentation, which contains no previously unpublished financial information, is available for download on www.hulamin.co.za

29-Jul-2013
(C)
Revenue increased to R3.6 billion (R3.1 billion). Gross profit decreased to R353.3 million (R381.3 million). Operating profit declined to R122.8 million (R183.9 million). Net attributable profit for the period slumped to R66.4 million (R113.8 million). In addition, headline earnings per share fell by more than a third to 21cps (31cps).



Outlook

In line with improvements to the order book, Hulamin has firm prospects for improved sales volumes in the second half. Hulamin looks forward to commencing local supply of aluminium can body stock and the ongoing positive momentum from our manufacturing excellence initiatives leading to improved plant performance.
10-Jun-2013
(Official Notice)
The board of directors of Hulamin announced the appointment of Mr Simon Jennings as an independent non-executive director of the company, with effect from 01 July 2013.
19-Apr-2013
(Official Notice)
Shareholders are advised that all the ordinary and special resolutions set out in the notice of annual general meeting were passed by the requisite majority of votes at the seventy third (73rd) annual general meeting of Hulamin held on 18 April 2013.
18-Mar-2013
(Official Notice)
Shareholders were advised that the annual financial statements will be distributed to shareholders on 18 March 2013 and contain no modifications to the audited results which were published on SENS on 25 February 2013.



Notice of the annual general meeting

Notice was given that the seventy third annual general meeting of Hulamin shareholders will be held at the company's offices, Moses Mabhida Road, Pietermaritzburg, on Thursday, 18 April 2013 at 15h00 to transact the business as stated in the annual general meeting notice forming part of the integrated annual report.



Salient dates

The notice of company's annual general meeting has been sent to its shareholders who were recorded as such in the company's securities register on Friday, 8 March 2013 being the notice record date 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, 12 April 2013, being the voting record date 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, 5 April 2013. Proxy forms must be lodged by no later than 15h00 on Tuesday, 16 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.
08-Mar-2013
(Official Notice)
Shareholders were advised that Mr Richard Jacob, Chief Executive Officer of Hulamin Limited, participated in the 4th Annual UBS South Africa Steel Conference held in Cape Town on Thursday 7 March 2013. The presentation, which contains no previously unpublished financial information, is available for download on www.hulamin.co.za
25-Feb-2013
(C)
Revenue for the year fell to R6.5 billion (R6.9 billion) whilst gross profit jumped to R646.9 million (R507.3 million). Operating profit also grew to R244.6 million (R169.9 million). Net profit for the year shot up to R132.5 million (R79.7 million). In addition, headline earnings per share more than doubled to 57cps (25cps).



Prospects

In 2013, Hulamin will commence supply of aluminium can body stock in the local market. Although the volumes will only become meaningful from 2014, growth in local beverage can demand indicates an opportunity for local sales growth in excess of 50% by 2016.



Improved operating performance remains a key priority and opportunities to improve cost competitiveness further are being identified. Hulamin will continue its drive to advance manufacturing capacity utilisation and efficiency through better equipment reliability and product quality performance.



Market conditions continued to be subdued in 2013, placing pressure on margin and mix optimisation. A gradual improvement in demand is anticipated.
22-Feb-2013
(Official Notice)
Shareholders are advised that Mr Charles Hughes will retire from the board on 28 February 2013 after 33 years of service with the company, during which time he served Hulamin with dedication, strong leadership and incisive judgement. To ensure a smooth transition, Charles will retire from the company on 31 May 2013. Hulamin thanks him for his valuable contribution to the business. Hulamin announced the appointment of Mr David Austin, former Chief Financial Officer of MacSteel International Trading, as Chief Financial Officer of Hulamin, with effect from 01 March 2013.
13-Feb-2013
(Official Notice)
Earnings are expected to be between R130 million (41 cents per share) and R135 million (43 cents per share), between 63% and 69% higher than the R80 million (25 cents per share) achieved in 2011. Headline earnings are expected to be between R180 million (56 cents per share) and R185 million (58 cents per share), between 125% and 131% higher than the R80 million (25 cents per share) achieved in 2011.



In the second half of 2012 the company successfully returned to the improved operational performance achieved prior to the disruption in quarter two that arose from the failure of a motor on the Camps Drift hot line. The resulting insurance claim has partially offset the loss arising from this incident.



The conversion of the Hulamin Pension Fund to a defined contribution basis has been successfully completed and resulted in an allocation to the company which has increased earnings in 2012 by R118 million.



The Camps Drift hot mill output has exceeded forecasts in recent years, resulting in the Edendale hot mill being mothballed and consequently this asset has been impaired. In addition, poor market conditions have led to an impairment of the extrusion assets. These impairments have reduced earnings by R51 million Hulamin's full results for the year ended 31 December 2012 are expected to be released on SENS on or about 25 February 2013.
06-Nov-2012
(Official Notice)
Shareholders are advised that Hulamin has entered into an agreement with Bevcan (a division of Nampak Ltd.) to supply aluminium sheet for the manufacture of aluminium bodied beverage cans. Deliveries are expected to increase to 14 000 tons by 2015, in addition to the can end and tab stock Hulamin currently supplies. The conversion of the can body to aluminium sheet in Southern Africa is a significant step in growing Hulamin's local sales. The majority of beverage cans globally are made from aluminium, partly due to their light weight, corrosion resistance and ability to be cooled rapidly, and also because aluminium cans are the most successfully recycled packaging product. Hulamin is considering an appropriate investment in recycling infrastructure to procure used beverage cans and other secondary metal units available in South Africa and the regional market.
30-Aug-2012
(Official Notice)
Shareholders are advised that Mr Gerrit ("Boel") Pretorius has resigned as independent non-executive director of the company with effect from 31 August 2012, due to time constraints. Hulamin thanks him for his valuable contribution since joining the board on 1 August 2011 and wishes Mr Pretorius well in his retirement. The composition of the board and the audit and risk sub-committees following Mr Pretorius? departure, is being addressed in line with governance best practice.
31-Jul-2012
(Official Notice)
In 2007, Hulamin concluded transactions that resulted in the Hulamin Management Share Ownership Trust ("MSOP Share Trust") and the Hulamin Employee Share Ownership Trust ("ESOP Share Trust") (the "Trusts") jointly acquiring a 5% interest in Hulamin in the form of unlisted B ordinary shares. The salient features of the Hulamin Management Share Ownership Plan ("MSOP") and the Hulamin Employee Share Ownership Plan ("ESOP") are detailed in annexure 9.3 of the pre-listing statement issued by Hulamin, dated 18 May 2007.



Hulamin has the right to repurchase a variable number of B ordinary shares, as determined in accordance with the repurchase formulae set out in the Company's Memorandum of Incorporation (formerly Articles of Association and Memorandum of Association), during the last five days before the expiry of the five-year period which terminates on 1 August 2012, at an acquisition price of one cent per share ("the Repurchase"), after which any remaining shares in the ESOP Share Trust and the MSOP Share Trust will be converted into ordinary shares ranking pari passu with the existing issued ordinary shares with unrestricted rights ("the Conversion").



Details of repurchase

In accordance with the terms of the B ordinary shares set out in the Company's Memorandum of Incorporation:

* 12 820 671 unlisted B1, B2 and B3 ordinary shares of ten cents each have been acquired by the Company from the Trusts in terms of the Repurchase and will be cancelled immediately;

* 786 799 B3 ordinary shares held by the MSOP Share Trust will convert into Hulamin ordinary shares of ten cents each in the share capital of Hulamin and will be listed on the exchange of the JSE Ltd. on 1 August 2012.
30-Jul-2012
(C)
Revenue for the interim period lowered to R3.2 billion (2011: R3.4 billion). Gross profit shot up to R324.5 million (2011: R239.8 million), operating profit decreased to R127.1 million (2011: R131.7 million), while net profit for the period increased slightly to R72.9 million (2011: R72.6 million). Furthermore, headline earnings per share fell to 18cps (2011: 22cps).



Dividend

No dividend was declared for the interim period.



Outlook

The company's manufacturing excellence programme continues to deliver cost and efficiency improvements. The programme lost momentum during the period of disruption caused by the hot mill breakdown, and this momentum is being regained as operations normalise.



Hulamin remains engaged with BHP Billiton on the future supply of rolling slab beyond December 2012, when the current supply contract comes up for renewal.



The general weakening in global demand has resulted in the outlook for margins being uncertain. Hulamin's order book remains healthy for the remainder of the year. Hulamin expects to extract further operational improvements and production efficiencies by increasing volumes, improving yields and managing costs.
17-Jul-2012
(Official Notice)
The improvement in operational performance and production volumes that was achieved during the first four months of 2012 was disrupted by the failure of a motor on the Camps Drift hot line on 29 April 2012. The motor has been repaired and the line has been operating normally since mid-June. The resulting insurance claim has not yet been concluded and is not expected to impact the results to June 2012.



The process of converting the Hulamin Pension Fund to Defined Contribution resulted in an allocation to the company which increased earnings by R67 million in the first half of the year.



Earnings are expected to be between R70 million (22 cents per share) and R75 million (24 cents per share), in line with the R73 million (23 cents per share) achieved in the corresponding period in 2011. Headline earnings are expected to be between R54 million (17 cents per share) and R59 million (19 cents per share), lower than the corresponding period of the previous year of R71 million (22 cents per share).



The above information has not been reviewed and reported on by the company's auditors. Hulamin's full results for the six months to June 2012 are expected to be released on SENS on or about 30 July 2012.
18-Jun-2012
(Official Notice)
The Camps Drift hot finishing mill has been repaired and re-commissioned, 46 days after the component failure. Production of thicker gauge plate and production from the twin roll casters continued during this period and production losses were limited to approximately 25 000 tons. Available inventory has been processed and the maintenance to the Camps Drift Remelt, which was pulled forward to coincide with the breakdown, has been completed as planned. The cause of the failure has been identified, and will support the claim in respect of cost of damage and business interruption that has been lodged with the company's insurers.
14-May-2012
(Official Notice)
Shareholders are advised that the Camps Drift hot finishing mill has been shut due to a component failure. The damage is being repaired and the mill is expected to be recommissioned by 11 June 2012. While the repair is underway, Hulamin Rolled Products will continue to produce thicker gauge plate products, the twin roll casters will continue to operate and all inventory will be processed. It is estimated that approximately 23 000 tons of production will be lost as a result of the breakdown. A planned shutdown, in the Camps Drift remelt has been pulled forward to coincide with the repair and labour requirements have been adjusted accordingly. Hulamin carries cost of repair and business interruption insurance. A claim will be submitted once losses have been finalised. An announcement will be made following the recommissioning of the Camps Drift hot finishing mill.
08-May-2012
(Official Notice)
Shareholders are advised that all the ordinary and special resolutions set out in the notice of annual general meeting were passed by the requisite majority of votes at the seventy second (72nd) annual general meeting of Hulamin held on 07 May 2012.
02-Apr-2012
(Official Notice)
Shareholders were advised that the annual financial statements will be distributed to shareholders on 3 April 2012 and contain no modifications to the audited results which were published on SENS on 20 February 2012.



Notice of the annual general meeting

Notice was also given that the seventy second annual general meeting of Hulamin shareholders will be held at the company's offices, Moses Mabhida Road, Pietermaritzburg, on Monday, 7 May 2012 at 15h00 to transact the business as stated in the annual general meeting notice forming part of the integrated annual report.



Salient dates

The notice of company's annual general meeting will be sent to its shareholders who were recorded as such in the company's securities register on Friday, 23 March 2012 being the notice record date 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 Thursday, 26 April 2012 being the voting record date 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, 19 April 2012. Proxy forms must be lodged by no later than 15h00 on Thursday, 3 May 2012. 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.
20-Feb-2012
(C)
Revenue grew to R7 billion (R5.8 billion) while gross profit increased to R559 million (R548 million). Operating profit dropped to R170 million (R218.2 million), while net profit for the year was up at R80 million (R73.2 million). In addition, headline earnings per share decreased to 25cps (27cps).



Dividend

No dividend has been declared for the period under review.



Prospects

European markets remain weak, the US economy appears to be strengthening, while other markets appear likely to continue the improving trend experienced in 2011. Consequently, Hulamin's order book is in good shape going into 2012, with current orders at US Dollar margins similar to or better than those in 2011. Hulamin continues to focus on improving its operational performance through improved efficiencies, cost competitiveness and full capacity utilisation. The manufacturing excellence programme is expected to continue to deliver improved operational performance.
25-Jul-2011
(C)
Revenue soared to R3.4 billion (R2.7 billion) and gross profit rose to R239.8 million (R186.5 million). Operating profit increased to R131.7 million (R101.8 million), while net profit for the year more than doubled to R72.6 million (R26.2 million). Furthermore, headline earnings per share doubled to 22cps (11cps).



Dividend

No dividend has been declared for the period under review.



Outlook

Hulamin's improving operational performance continued in the first half of 2011, resulting in increased production and therefore sales volumes, as well as reduced unit costs. Sales of rolled products for the first half of 2011 saw an increase of 22% to 208 000 tons annualised compared to 170 000 tons in the comparative period. Rolling margins in US Dollars continued to improve driven by increases in both sales of high value products and market prices. Turnover grew to R3.4 billion, an increase of 24% over the comparative period. The Rand continued to strengthen against the US Dollar and averaged R6,91 in the reporting period, 8% stronger than the average of R7.54 in the first half of 2010. The profit impact of this strengthening of the Rand offset much of the operational improvements achieved. An insurance settlement of R26 million (after tax) arising from a breakdown of the Camps Drift Hot Mill in 2009 contributed to the 167% increase in headline earnings to R71 million.
22-Jul-2011
(Official Notice)
Shareholders were advised that all the ordinary and special resolutions set out in the notice of annual general meeting were passed by the requisite majority of votes at the seventy first annual general meeting of Hulamin held on 21 July 2011. The resolutions adopted included the appointment of additional directors to the board of Hulamin, and Hulamin announced the appointment of Messrs Gerrit Pretorius and Geoff Watson as independent non-executive directors with effect from 01 August 2011.
13-Jul-2011
(Official Notice)
Hulamin improved its sales volumes of rolled products by 22% to 208 000 tons (annualised) during the period under review and continued to drive its cost and efficiency improvement programmes. These improvements were offset by the rand strengthening against the US dollar from R7.54 in the first half of 2010 ("the comparative period") to R6.91 in the period under review. Operating profit for the half-year ended June 2011 is expected to be between R126 million and R135 million (2010:R102 million). Earnings and headline earnings are expected to be between R67 million (21 cents per share) and R73 million (23 cents per share)for the half-year ended 30 June 2011 compared to 11 cents per share in the comparative period or earnings of R26 million and headline earnings of R27 million. The interim financial statements for the half year ended 30 June 2011 are scheduled for release on or about 25 July 2011.
20-Jun-2011
(Official Notice)
Notice was given that the annual general meeting of Hulamin shareholders will be held at the company's registered offices, Moses Mabhida Road, Pietermaritzburg on Thursday, 21 July 2011 at 15h00 to transact the business as stated in the annual general meeting notice. The notice of annual general meeting will be posted to shareholders on or about 20 June 2011.
31-Mar-2011
(Official Notice)
Shareholders are advised that the annual financial statements were distributed to shareholders on 31 March 2011 and they contain no modifications to the audited results which were published on SENS on 28 February 2011. Notice of Hulamin's annual general meeting of shareholders will be given at a later date.
28-Feb-2011
(C)
Revenue soared to R5.8 billion (R4.5 billion) and gross profit fell to R547.7 million (R603.7 million). Operating profit dropped to R218.2 million (R244 million), while net profit attributable to ordinary equity holders was down at R73.2 million (R89.6 million). In addition, headline earnings per share contracted to 27cps (37cps).



Dividend

Given the recent earnings performance and working capital and capital expenditure required for future growth, the board has decided not to declare a dividend for the current year.



Prospects

The focus for Hulamin remains on accelerating and then sustaining its improved operational performance. International markets continue their steady improvement, resulting in firmer US Dollar margins being realised for contracts currently being booked. Cost competitiveness, volume growth, mix improvement and working capital controls remain the core objectives as Hulamin continues its growth path to full capacity.
24-Feb-2011
(Official Notice)
Shareholders of Hulamin are referred to the announcement released on SENS on 31 January 2011 and published in the press on 1 February 2011 advising of the detailed terms of the proposed amendments to the Hulamin BEE transaction following the rights issue concluded in June 2010 (the "proposed amendments"). Shareholders of Hulamin are also referred to the circular posted to them on 31 January 2011, which contained the notice to the general meeting wherein approval would be sought for the resolutions to give effect to such proposed amendments.



Shareholders are advised that all the resolutions required to give effect to the proposed amendments were duly approved by the requisite majority of votes at the general meeting of Hulamin shareholders held on 24 February 2011. The special resolutions passed will be lodged for registration with the Companies and Intellectual Property Registration Office ("CIPRO") in due course. All the conditions precedent have been fulfilled save for the registration by CIPRO of the special resolutions required to give effect to the proposed amendments.
11-Feb-2011
(Official Notice)
Further to the trading statement released on SENS on 15 December 2010 wherein it was advised that earnings and headline earnings for the year ended December 2010 were expected to be between R57 million (19cps) and R69 million (23cps). The results for the year ended December 2010 are expected to be released on SENS on 28 February 2011. Earnings and headline earnings are now expected to be between R70 million (25 cps) and R78 million (28 cps), due to changes in the recognition of assets and liabilities related to post employment benefits.
31-Jan-2011
(Official Notice)
15 Dec 2010 08:57:09
(Official Notice)
Hulamin has continued to improve operational performance in the second half of the year, which has resulted in higher sales volumes, improved US dollar margins and continued cost containment. These gains have been counterbalanced by reduced export earnings due to the strengthening of the rand. In a challenging business climate, the rolled products' operation in particular has improved sales and production volumes, US dollar margins, sales mix, inventories and metal recoveries in the second half of the year. Unit costs are at similar levels to the first half of 2010 in spite of increased electricity prices and full absorption of costs related to the recently completed expansion project. During the second half of the year the rand has on average strengthened by almost 7% against the US dollar compared to the first half of 2010. This has eroded much of the operational improvement benefits mentioned above. Hulamin Extrusions continues to face difficult trading conditions, particularly in relation to sales into the construction sector. The results for the second half of the year were positively impacted by both a pension fund surplus allocation and a metal price revaluation. The R75 million project to increase rolling slab casting capacity remains on schedule to start up early in the second quarter of 2011. Earnings and headline earnings for the year ended 2010 are expected to be between R57 million (19 cents per share) and R69 million (23 cents per share), lower than the earnings of R90 million (37 cents per share) and headline earnings of R92 million (37 cents per share) for the year ended December 2009.
26 Jul 2010 08:30:30
(C)
Revenue improved to R2.7 billion (2009: R2.1 billion), while gross profit declined to R187 million (2009: R244 million). Operating income fell to R102 million (2009: R114 million). Net profit attributable to ordinary shareholders increased to R26 million (2009: R25 million), HEPS grew to 11cps (2009: 10cps) and EPS also escalated to 11cps (2009: 10cps).



Dividends

No dividends were declared for the period under review



Outlook

The outlook for the business remains positive, based on firm market demand and increasing sales of high value niche products as the utilisation of new plant capacity improves. Benefiting from the fully subscribed rights issue, Hulamin will remain focused on continuing operational improvements, particularly cash cycles, improving efficiencies and reducing costs to meet profitability targets in the medium term.
16 Jul 2010 11:34:53
(Official Notice)
Operating profit for the half-year ended June 2010 is expected to be between R97 million and R105 million, slightly lower than the corresponding period in 2009 (R114 million). Earnings and headline earnings are expected to be between R24 million (10 cents per share) and R28 million (11 cents per share), in line with the corresponding period (R25 million - 10 cents per share).



Production volumes in Hulamin Rolled Products improved by 32% to 184 000 tons (annualised), and the product mix also improved. These improvements were offset by the Rand strengthening against the US Dollar from R9.23 in the first half of 2009 to R7.54 in the current period. In addition, the Transnet strike in May has delayed the invoicing of approximately 6000 tons, impacting both profit and working capital. Costs have also increased, mainly energy and employment inflation and project start-up.

The above information has not been reviewed or reported on by the company's auditors. The financial results for the six months ended 30 June 2010 are expected to be released on SENS on the 26 July 2010.

05 Jul 2010 11:05:31
(Official Notice)
Shareholders are referred to the announcement released on SENS on 30 June 2010, and are advised, for the sake of clarity, of the following:

*the directors and officers that exercised their rights did so off-market;

*all transactions were completed on the 28 June 2010; and

*the director who sold his rights did so on market on the 18 June 2010.
28 Jun 2010 12:32:56
(Official Notice)
Shareholders were referred to the announcements released on SENS on 26 April 2010, 14 May 2010 and 21 May 2010 and the circular dated 7 June 2010 in terms of which Hulamin announced the raising of R750 million by way of a partially underwritten rights offer ("rights offer"). In terms of the rights offer, 100 000 000 new ordinary shares with a par value of 10 cents each ("rights offer shares") were offered to qualifying Hulamin ordinary shareholders or their renouncees ("shareholders") in the ratio of 46.25457 rights offer shares for every 100 Hulamin ordinary shares held on 4 June 2010 (the "record date") at a subscription price of R7.50 per rights offer share. The rights offer closed on Friday, 25 June 2010 and the results thereof are set out in the table below:

* Rights offer shares available for subscription: 100 000 000

* Rights offer shares subscribed for: 99 221 868

* Excess applications received: 45 178 964

* Excess rights offer shares allocated: 778 132



The excess rights offer shares applied for were allocated taking cognisance of the number of shares held by the shareholder as at the record date, including those taken up as a result of the rights offer, and the number of excess rights offer shares applied for by such shareholder. The rights offer was partially underwritten by Old Mutual Investment Group (South Africa) (Pty) Ltd and Abax Investments (Pty) Ltd ("the underwriters"). The underwriters will not be allocated any rights offer shares in light of the fact that the rights offer was fully subscribed, after taking into account the applications received for excess rights offer shares. For shareholders who have subscribed for rights offer shares:

* share certificates will be posted to holders of certificated shares on or about Monday, 28 June 2010; and

* the Central Securities Depository Participant ("CSDP") or broker accounts of holders of dematerialised shares will be credited with the rights offer shares and debited with any payments due on Monday, 28 June 2010.



For shareholders who have applied for, and been allocated, excess rights offer shares:

* share certificates and/or refund cheques will be posted to holders of certificated shares on or about Wednesday, 30 June 2010; and

* the CSDP or broker accounts of holders of dematerialised shares will be credited with the excess rights offer shares and debited with any payments due on Wednesday, 30 June 2010.
21 May 2010 12:14:14
(Official Notice)
Shareholders are referred to the terms announcement released on SENS on 14 May 2010 and in the press on 17 May 2010 wherein Hulamin announced the raising of R750 million equity capital by way of a partially underwritten rights offer of 100 000 000 new ordinary shares of 10 cents each ("rights offer shares") to qualifying Hulamin ordinary shareholders and their renouncees, that are eligible to participate, at a subscription price of R7.50 per rights offer share in the ratio of 46.25457 rights for every 100 Hulamin ordinary shares held on the record date (the "rights offer").



Conditions precedent

All conditions precedent to the rights offer have now been fulfilled.



Circular

The rights offer circular setting out the detailed terms of the Rights Offer will be posted to shareholders on Monday, 7 June 2010.
19 May 2010 17:31:10
(Official Notice)
Shareholders are advised that all the ordinary and special resolutions set out in the notice of annual general meeting were passed by the requisite majority of votes at the seventieth (70th) annual general meeting of Hulamin Ltd held on 19 May 2010. The special resolutions will be lodged for registration with the companies and intellectual property registration office in due course.
14 May 2010 17:08:09
(Official Notice)
26 Apr 2010 10:45:34
(Official Notice)
Hulamin management will host a conference call at 12.00 today 26 April 2010 to discuss the prospective Rights Offer. To participate, dial +27 (0) 11 535 3600 and ask to join the Hulamin call.

26 Apr 2010 07:40:07
(Official Notice)
In conjunction with the release of its annual results for the year ended 31 December 2009, Hulamin announced on 11 February 2010 that the board of directors ("the board") was assessing various opportunities to optimise the company's capital structure in order to support its medium-term growth target. The board has resolved to raise R750 million equity capital by way of a rights offer of ordinary shares to Hulamin ordinary shareholders (the "rights offer").



Shareholder support

Shareholders holding approximately 79% of the listed ordinary shares in Hulamin have indicated their support for the rights offer.



Cautionary announcement

Hulamin ordinary shareholders are advised that once the terms of the rights offer are finalised, a detailed terms announcement will be released on SENS and published in the press. Hulamin ordinary shareholders are accordingly advised to exercise caution when dealing in the company's securities until a further announcement is made.



Notice of annual general meeting

Notice is hereby given that the annual general meeting of shareholders of Hulamin will be held at the company's registered offices, Moses Mabhida Road, Pietermaritzburg at 14h00 on Wednesday, 19 May 2010 to consider and, if deemed fit, to pass with or without modification, the ordinary and special resolutions proposed thereat.
31 Mar 2010 16:24:54
(Official Notice)
Shareholders were advised that the annual financial statements have been distributed to shareholders on 30 March 2010 and contain no modifications to the audited results which were published on SENS on 15 February 2010.
15 Feb 2010 09:34:48
(C)
Revenue declined to R4.5 billion (R7.1 billion). Gross profit decreased to R603.7 million (R884.5 million) and operating profit fell to R244 million (R465.5 million). Net attributable profit declined to R89.6 million (R268.2 million). In addition, headline earnings on a per share basis more than halved to 42cps (124cps).



Outlook

Following the completion of the rolled products expansion project, Hulamin is now well positioned to further grow its sales volumes, improve its product mix and achieve further cost improvements in pursuit of its drive to achieve an attractive return on capital employed. The rate of growth in sales and earnings will be impacted by the strength of the global economic recovery, the final resolution of the rolling slab supply issues, and the relative value of the rand against the major currencies.
29 Jan 2010 09:16:47
(Official Notice)
Ms Nomgando Nomalungelo Angelina Matyumza has been appointed an independent non-executive director with effect from 1 March 2010.
21 Dec 2009 16:02:42
(Official Notice)
Alan Fourie has indicated his intention to retire as CEO of Hulamin during 2010.The process to appoint a successor has commenced under the auspices of the remuneration and nomination committee of the board and will incorporate a suitable transitional period. The date of Alan Fourie's retirement and the appointment of his successor will be announced in due course.
10 Dec 2009 10:39:44
(Official Notice)
The company has achieved improved earnings in the second half of 2009 compared with the first half, notwithstanding the significant strengthening of the rand against the major currencies. Earnings, and headline earnings, for the full year to 31 December 2009 are expected to be between R82 million (38 cps) and R98 million (45 cps) compared to the earnings of R268 million (124 cps) for the full year in 2008. The audited results for the 2009 financial year are expected to be announced on SENS on or about 15 February 2010.
07 Oct 2009 16:30:55
(Official Notice)
Hulamin announced the change in role of Mr S P Ngwenya from an alternate non-executive director to Mr J B Magwaza, to a full non-executive director of Hulamin with effect from 6 October 2009.
18 Aug 2009 08:48:20
(Official Notice)
Following the disposal by Anglo American plc of its entire shareholding in Hulamin, Messrs P M Baum and J G Williams have recently notified the company that they have resigned as non-executive directors from the board of Hulamin, with these resignations having taken effect from 28 July 2009.
22 Jul 2009 07:49:48
(C)
Revenue declined to R2.1 billion (R3.6 billion). Operating profit decreased to R114.3 million (R270.4 million) and net attributable profit was down, at R24.8 million (R181.4 million). In addition, headline earnings on a per share basis fell to 12cps (84cps).



Dividend

No interim dividend has been declared.



Outlook

Global markets have been severely depressed and significant losses are being incurred in aluminium semi-fabrication operations across the world, which is relieving some of the downward pressure on margins. With the benefit of a stronger order intake in place and improved global market conditions, Hulamin's focus is now on restoring a more attractive product mix and bringing the additional capacity from the expansion project into operation. The relative strength of the rand, particularly in relation to the US dollar, will however continue to impact on the company's earnings.



Trading statement for the 2009 financial year

In spite of the improved order book, the poor demand for Hulamin's products in the first four months of the year is expected to result in earnings (and headline earnings) for the financial year ended December 2009 that will be more than 20% lower than those for the financial year ended 31 December 2008. However, due to the volatility of exchange rates it is not yet possible with reasonable certainty, to quantify earnings (and headline earnings) for the year to December 2009 within the 20% range required by the JSE Ltd Listing Requirements. It is expected that a trading statement for the year to December 2009 will be issued later in the reporting period, which should be in November or December of 2009.
30 Jun 2009 10:42:37
(Official Notice)
Shareholders are referred to the cautionary announcements dated 23 April 2009 and 4 June 2009 which arose from the notification by BHP Billiton that it intended to discontinue the supply of extrusion billet and rolling slab. The parties have now agreed that BHP Billiton will continue to supply extrusion billet until September 2009 and rolling slab until December 2010. Hulamin sources approximately 50% of its extrusion billet and 30% of its rolling slab from the Bayside cast house and produces the balance of its requirements in its own facilities. Hulamin is assessing a number of options to ensure that its future requirements in respect of extrusion billet and rolling slab are satisfied, and that its growth plans are not affected. Caution is no longer required to be exercised by shareholders when dealing in the company's securities.
04 Jun 2009 08:10:23
(Official Notice)
Shareholders are advised that Hulamin is still in discussions with BHP Billiton. The full impact of these discussions on the company is currently being determined and they may have a material effect on the price of the company's securities. Shareholders are advised to continue exercising caution when dealing in the company's securities until a full announcement is made.
04 May 2009 12:01:04
(Media Comment)
According to Finweek, there is some speculation that Hulamin, which is trading under a cautionary, may acquire the Bayside aluminium smelter from BHPBilliton plc ("BHPBill") . However, Mark Ingham, of Ingham Analytics, says that although it is "not inconceivable" he does not think backwards integration is what Hulamin wants. Nevertheless, it seems like BHPBill wants to get rid of Bayside. At first, most commentators thought that BHPBill might want to buy Hulamin, but since things are not looking to bright for BHPBill at the moment, selling a smelter may be beneficial due to falling aluminium prices.
24 Apr 2009 11:30:02
(Official Notice)
Shareholders are advised that all the ordinary resolutions set out in the notice of annual general meeting were passed by the requisite majority of votes at the sixty ninth annual general meeting of Hulamin Ltd held on 23 April 2009.
23 Apr 2009 16:52:55
(Official Notice)
Shareholders are advised that Hulamin is in discussions with BHP Billiton, the full impact of which is currently being determined and which may have an 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 full announcement is made.
20 Mar 2009 08:05:14
(Official Notice)
Further to the publication on 10 February 2009 of Hulamin's audited results for the year ended 31 December 2008, shareholders are advised that its 2008 annual report, which incorporates the audited annual financial statements for that period, have been distributed to shareholders. Hulamin is not required to publish an abridged report at this date as the audited results that were published on 10 February 2009 are unchanged. The annual report is available on Hulamin's website www.hulamin.co.za. Notice is hereby given that the annual general meeting of Hulamin shareholders will be held at the company's offices, Moses Mabhida Road, Pietermaritzburg on Thursday 23 April 2009 at 14h00 as set out in the annual general meeting notice. The notice accompanies Hulamin's 2008 annual report and is available on the website www.hulamin.co.za.
10 Feb 2009 07:43:31
(C)
The combination of firmer rolling margins, higher LME aluminium prices for much of 2008, and a weakening in the rand/dollar exchange rate resulted in turnover increasing by 8% from R6.6 billion to R7.1 billion. Operating profit (before corporate structuring costs) was up 22% to R465.5 million (R380 million). Net profit attributable to ordinary shareholders rose more than six fold to R268.2 million (R40.8 million). In addition, headline earnings grew dramatically to 124cps (18cps).



Dividend

A final ordinary dividend of 13cps has been declared.



Prospects

The aluminium industry has considerable exposure to several of the industries that have been most severely affected by the global downturn in business activity. These include, inter alia, the automotive, transport, building and construction industries. The global recession is therefore having severe consequences throughout the industry, resulting in significant capacity curtailments by both primary and semi-fabricated producers.



Hulamin is responding to the sharply weaker market conditions by reducing output in a manner which will maintain its growth capability. This has entailed extending the plant closure over the Christmas period, eliminating overtime work in areas affected by declining sales volumes, and reducing manufacturing activities to a five-day week where appropriate. Recruitment has been frozen and contract positions have largely been eliminated.



Hulamin has a robust business model, which generates returns that are above the industry average and which are expected to improve further as the business progresses towards its full potential. This rate of progress will be affected by the global recession which also introduces considerable uncertainty into business forecasting. The company expects lower sales volumes for 2009, particularly during the first quarter while customers across all regions and market sectors continue to reduce their inventory levels. It is however expected that the benefits of an improving product mix, cost reduction projects and a weaker exchange rate will continue to underpin future earnings.
27 Jan 2009 15:46:21
(Official Notice)
Hulamin expects operating profit for the year ended 31 December 2008 to be between R460 million and R470m, an increase of between 21% and 24% over the operating profit of the previous year. Earnings and headline earnings are expected to be between R264 million and R272 million or between 123 cents per share and 126 cents per share. Audited results for the year ended 31 December 2008 are expected to be announced on or about 10 February 2009.
11 Dec 2008 15:18:24
(Official Notice)
Hulamin advises that operating profit for the year ending 31 December 2008 is expected to be between R457 million and R468 million reflecting an increase of between 20% and 23% over the operating profit for the corresponding period in 2007. Earnings and headline earnings are expected to be between R259 million and R266 million or between 120 cents per share and 123 cents per share. Audited results for the year ended 31 December 2008 are expected to be released on SENS on or about 10 February 2009.
22 Jul 2008 08:00:23
(C)
Hulamin increased its sales revenue in the first half of 2008 by 8% to R3.6 billion, from R3.3 billion in the corresponding period in 2007. Operating profit for the reporting period increased by 58% to R270 million from R171 million in the corresponding period. Attributable earnings include a benefit of R30.5 million (14 cents per share) which arose as a consequence of the reduction in the deferred tax liability following the reduction of 1% in the corporate tax rate. Headline earnings per share (excluding the 2007 corporate structuring costs) improved by 44 cents to 84 cents per share, an increase of 110% over the same period in 2007.



Dividends

An interim dividend of 28 cents per share was declared for the period ending 30 June 2008.



Prospects

Underlying operating profit is showing strong growth over 2007. The company expects to increase its sales volumes and further improve its sales mix in the second half of the year which will support continued improvement in profitability and capital efficiency. Equipment commissioning in the expansion project has commenced and is expected to continue until mid 2009. The benefits of the project are expected to flow through from 2009 to 2012.
10 Jun 2008 14:59:25
(Official Notice)
Hulamin advises that operating profit for the half year ending 30 June 2008 is expected to be between R261 million and R280 million, an increase of between 53% and 64% over the operating profit (before corporate structuring costs) for the corresponding period in 2007. Earnings and headline earnings are expected to be in the range of R174 million to R188 million (81 cents per share to 87 cents per share).



In the half-year to June 2008, both Hulamin Rolled Products and Hulamin Extrusions performed better due to improved margins and increased local sales volumes. Rolled Products improved its mix of higher value products. The business also benefited from the reduction in the corporate tax rate and the weaker currency while costs have come under pressure as a result of increases in energy costs, magnesium and packaging materials. The company expects to announce its interim results for the six months to 30 June 2008 on or about 22 July 2008.
21 Apr 2008 08:26:26
(Media Comment)
Hulamin's R950 million project to boost production was continuing apace, and the company expected to start seeing benefits from 2009, according to Business Day. Chairman Mafika Mkwanazi said the project was progressing "very well" and remained within budget and on schedule.
18 Apr 2008 11:52:33
(Official Notice)
Speaking at the Annual General Meeting 17 April 2008, chairman Mafika Mkwanazi said that the expansion project is progressing very well and remains on schedule and within budget, in spite of significant inflationary pressures and skills shortages. Contracts amounting to 80% of the total R950 million have now been awarded and there is thus rising confidence that the project will be completed within budget. It is particularly pleasing that with the 750 contract project workers now on site, there has not been a single lost time injury since the commencement of the project, with total hours worked now exceeding one million.
18 Apr 2008 08:31:50
(Official Notice)
Shareholders are advised that all the ordinary resolutions set out in the notice of annual general meeting were passed by the requisite majority of shareholders represented at the AGM of Hulamin held on 17 April 2008.
25 Mar 2008 17:32:28
(Official Notice)
Further to the publication on 12 February 2008 of Hulamin's audited results for the year ended 31 December 2007, shareholders are advised that its 2007 annual report, which incorporates the audited annual financial statements for that period, has been distributed to shareholders. Hulamin is not required to publish an abridged report at this date as the audited results that were published on 12 February 2008 are unchanged.



Notice is hereby given that the annual general meeting of Hulamin shareholders will be held at the company's offices, Moses Mabhida Road, Pietermaritzburg on Thursday 17 April 2008 at 14h00 as set out in the annual general meeting notice.
12 Mar 2008 16:31:22
(Official Notice)
BHP Billiton plc ("BHPBill") announced on 11 March 2008 that it plans to take the bulk of its South African power reduction at Bayside which may include a possible closure of operations of the B and C potlines at Bayside. In this regard, BHPBill has confirmed that it will continue to meet Hulamin's metal requirement in line with the existing agreement.
12 Feb 2008 08:19:39
(C)
Hulamin achieved a 5% increase in sales volumes largely arising from increased sales in Rolled Products. This growth, together with the effects of better margins, higher aluminium prices and a 4% weakening in the average exchange rate for the year resulted in revenue growing by 20% from R5.5 billion to R6.6 billion. Following the unbundling of Hulamin from Tongaat Hulett and the listing of the company on the main board of the JSE in June 2007, Hulamin concluded a number of transactions which led to 15% of the company?s equity being held by broad-based Black Economic Empowerment (BEE) participants, including employees. The costs associated with the restructuring and listing of the company, together with charges relating to the BEE transactions, amounted to R168 million and are reflected in the income statement as corporate structuring costs.



Dividends

The board has declared a final dividend (no. 2) of 30 cents per share for the year ended 31 December 2007.



Prospects

Hulamin`s outlook continues to be influenced by international economic conditions and exchange rate movements, as a result of the high proportion (70%) of export sales. The company?s exposure to electricity supply constraints, at the currently required demand reduction of 10%, is not expected to have a material effect on production or sales. Increased volumes and improved conversion margins are expected to result in sustained growth in earnings in 2008 and beyond. This prospect is strengthened by the benefits flowing from the current major expansion project which will come on stream during 2009.
07-Apr-2011
(X)
Hulamin is an independent semi-fabricator and fabricator of aluminium products. Hulamin are a primary metal beneficiator situated in South Africa where there are large quantities of aluminium produced, much of it exported at little added value. Hulamin is focused on specific product and end-user markets around the world.



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