10-Jun-2013
(Official Notice) | Shareholders were advised in OneLogix' interim results announcement for the six months ended 30 November 2012 of the group's intention to migrate its listing from the JSE?s AltX to the JSE's Main Board following the receipt of all necessary approvals. The board of directors of OneLogix is pleased to announce that the JSE has approved the transfer of the company's listing from the AltX to the Main Board with effect from Tuesday, 18 June 2013.
A niche player in the logistics industry, OneLogix provides a range of logistics and business support services including specialised transport, retail and logistics solutions. As a leader in this high-growth niche market OneLogix is a sought after brand in the industry and operates through its strong operational brands which include Vehicle Delivery Services, Commercial Vehicle Delivery Services, OneLogix Projex, United Bulk, PostNet, Atlas Panelbeaters, Drive Report and QSA. Following the transfer, the company will be listed in the "Transportation Services" sector of the Main Board of the JSE, sector number 2777. The salient dates pertaining to the transfer are set out below:
*Formal approval granted by the JSE for the transfer -- Friday, 7 June 2013
*Effective date of the transfer -- Tuesday, 18 June 2013
*OneLogix shares to start trading on the Main Board -- Tuesday, 18 June 2013 |
10-May-2013
(Official Notice) | Shareholders are advised that the company has entered into negotiations which, if successfully concluded, may have a material effect on the price of the company's securities. Accordingly, shareholders are advised to exercise caution when dealing in the company's securities until a further announcement is made. |
17-Apr-2013
(Official Notice) | Shareholders were advised that, with immediate effect, non-executive director, Andrew Brooking has been appointed as a member of the Audit and Risk committee on a temporary basis until such time as a suitable replacement is appointed.
Furthermore, independent non-executive director, Lesego Judith Sennelo has been appointed as a member and chairperson of the Remuneration and Nomination committee. |
28-Feb-2013
(Official Notice) | OneLogix announced the passing away of Joe Modibane on 23 February 2013.
Joe served as an independent non-executive director of OneLogix, Chairman of the Remuneration Committee, member of the Social and Ethics Committee and member of the Audit and Risk Committee. |
27-Feb-2013
(Media Comment) | Business Report highlighted that OneLogix has positioned itself to focus on larger businesses within the group and the pursuit of strategic acquisitions following the listed logistics and transport group's exit from its non-core media-related logistics businesses. The group has also given notice to migrate its listing to the JSE's main board following all the necessary approvals because of the constraints an AltX listing placed on potential investors. |
26-Feb-2013
(C) | Revenue from continuing operations jumped by 15% to R499 million (2011: R435.4 million). Operating profit decreased by 5% to R50.7 million (2011: R53.7 million), while profit attributable to equity holders of the company soared by 25% to R39 million (2011: R31.2 million). Furthermore, headline earnings per share from continuing operations increased by 13% to 13.5cps (2011: 11.9cps).
Dividend
Shareholders are advised that an interim gross dividend of 4.5 cents per share, in respect of the six months ended 30 November 2012, was declared.
Prospects
Although revenue is traditionally weighted to the first half of the financial year, the period has been impacted by industry wide industrial action. Notwithstanding this, the outlook for the full financial year to 31 May 2013 remains positive. The existing businesses within the group clearly understand their challenges, and are well positioned to address these and to take advantage of growth opportunities in their particular market segments. The newly acquired businesses are expected to contribute to earnings for the first time in the second half of the current year. The group will continue to investigate further suitable acquisition opportunities |
05-Feb-2013
(Official Notice) | Shareholders were referred to the announcement released on SENS on 5 December 2012 in respect of the acquisition of 60% of the issued share capital of RSA Tankers (Pty) Ltd. trading as United Bulk from Tanker Solutions (Pty) Ltd. ("the seller") and all of the seller's claims, including claims on loan account against United Bulk and are advised that all outstanding conditions precedent have been fulfilled and the transaction will now be implemented in accordance with its terms. |
21-Dec-2012
(Official Notice) | Shareholders are referred to the announcements released on SENS on 26 November 2012 and 5 December 2012 and are advised that following the acquisition of 60% of the share capital of RSA Tankers (Pty) Ltd. trading as United Bulk and the transaction above, caution is no longer required to be exercised by shareholders when dealing in their shares. |
21-Dec-2012
(Official Notice) | |
05-Dec-2012
(Official Notice) | |
26-Nov-2012
(Official Notice) | Shareholders were advised that all of the resolutions proposed at the annual general meeting of OneLogix shareholders (held on Monday, 26 November 2012) were passed by the requisite majorities.
Cautionary announcement
Shareholders were advised that OneLogix has entered into negotiations which, if successfully concluded, may have a material effect on the price of the company's securities. Accordingly, shareholders are advised to exercise caution when dealing in the company's securities until a full announcement is made. |
25-Oct-2012
(Official Notice) | Shareholders are advised that the company's integrated annual report, incorporating the audited financial statements for the year ended 31 May 2012, was dispatched and contains no changes to the audited condensed financial results which were announced on SENS on Monday, 27 August 2012.
Notice of AGM
The annual report contains a notice of annual general meeting for OneLogix, which will be held at the offices of the company at 46 Tulbagh Road, Pomona, Kempton Park, Gauteng on Monday, 26 November 2012 at 11h00. |
27-Aug-2012
(C) | Group revenue grew by 28% from R701.7 million to R895.3 million for then year. Operating profit increased 26% to R93.3 million. (2011: R74.1 million). Net attributable profit to equity holders jumped to R53.7 million (2011: R38.7 million). In addition, headline earnings per share rose 16% to 22.1cps (2011: 19cps).
Dividend
The group declared a final dividend of 4.5cps (2011: 4.0cps).
Prospects
The group has a proven mix of businesses, each well positioned to take advantage of growth opportunities in their respective market segments even given the difficult trading conditions expected to prevail in the medium term. OneLogix also has a healthy cash reserve available for appropriate earnings-enhancing acquisitions in line with the business model. |
08-Aug-2012
(Official Notice) | Shareholders were advised that, for the year ended 31 May 2012, OneLogix expects its earnings per share (''EPS'') to be between 25% and 35% higher than EPS for the year ended 31 May 2011 and headline earnings per share (''HEPS'') to be between 10% and 20% higher than HEPS for the year ended 31 May 2011.
The audited results for the year ended 31 May 2012 are expected to be released on SENS on or about 27 August 2012. |
25-Jul-2012
(Official Notice) | Shareholders are advised that, effective immediately, Lesego Judith Sennelo has been appointed as an independent non-executive director to the board. |
20-Feb-2012
(C) | Revenue for the six months ended 30 November 2011 jumped by 30% to R449.8 million (2010: R346.3 million). Operating profit surged by 38% to R55 million (2010: R39.8 million), while profit attributable to equity holders of the company soared by 49% to R31.2 million (2010: R20.9 million). Furthermore, headline earnings per share increased by 18% to 12.2cps (2010: 10.3cps).
Combined distribution to shareholders
Shareholders are advised that a total cash distribution of 4.5cps (November 2010: 4cps) has been declared for the interim period. This is made up of a capital distribution out of share premium of 2.7 cents ("capital distribution number five") and a dividend distribution of 1.8 cents ("interim dividend number one").
Prospects
Revenue is traditionally weighted to the first half of the financial year. Notwithstanding this, the outlook for the full financial year to 31 May 2012 remains positive. The group has a well-functioning mix of businesses, each well- positioned to take advantage of growth opportunities in their particular market segments. OneLogix also has a comparatively large cash reserve and will continue to assess appropriate earnings-enhancing acquisitions. |
10-Feb-2012
(Official Notice) | Shareholders are advised that, for the six months ended 30 November 2011, Onelogix expects its headline earnings per share ("HEPS") to be between 15% and 20% higher than HEPS for the six months ended 30 November 2011 and earnings per share ("EPS") to be between 40% and 45% higher than EPS for the six months ended 30 November 2011.
The information on which the above trading statement has been provided has not been reviewed or reported on by the company's auditors. The unaudited interim results for the six months ended 30 November 2011 are expected to be released on SENS on about 20 February 2012. |
30-Nov-2011
(Official Notice) | Shareholders are advised that the Company has entered into a share repurchase programme to repurchase its ordinary shares during the prohibited period. This prohibited period commences on 1 December 2011 and terminates when the Company releases its interim financial results which is expected to be on or before 29 February 2012. In terms of the share repurchase programme, a mandate has been entered into with a broking firm who has the authority to repurchase shares up to a maximum aggregate value of R10 million. In addition, shares may not be repurchased at a price greater than the lower of R1.45 per share or 10% above the volume weighted average trading price of the Company`s shares over the five trading days preceding any particular repurchase.
The mandate relating to the repurchase programme is irrevocable and not capable of amendment once the company has entered the prohibited period. Any repurchases will be carried out on the JSE within predetermined parameters agreed in writing with the broking firm. Any repurchases so effected will further be in accordance with the general authority granted by special resolutions of the company's shareholders passed at the Company?s annual general meeting held on Monday, 28 November 2011 and in compliance with the relevant provisions of the JSE Limited Listings Requirements and the Companies Act (Act 71 of 2008), as amended. |
28-Nov-2011
(Official Notice) | Shareholders were advised that at the annual general meeting of shareholders of OneLogix held on Monday, 28 November 2011 (in terms of the notice of annual general meeting contained in the OneLogix annual report issued on 27 October 2011) all of the resolutions were passed by the requisite majority of OneLogix shareholders. |
27-Oct-2011
(Official Notice) | Shareholders are advised that the company's annual report, incorporating the audited financial statements for the year ended 31 May 2011, was dispatched today and contains no changes to the audited condensed financial results which were announced on SENS on Tuesday, 24 August 2011.
The annual report contains a notice of Annual General Meeting for OneLogix, which will be held at the offices of the company at 46 Tulbagh Road, Pomona, Kempton Park, Gauteng on Monday, 28 November 2011 at 11h00. |
14-Sep-2011
(Official Notice) | |
23-Aug-2011
(C) | Revenue from operations increased 41% to R701.7 million (R496.8 million) on the back of a continued revival in the automotive and abnormal load markets as well as the first-time contributions from the newly acquired and established businesses. Operating profit, representing 10.6% (10.4%) of revenue, grew by 43% from R51.8 million to R74.1 million. Profit attributable to ordinary shareholders rose to R38.7 million (34.7 million). HEPS from continuing operations was up 61% from 11.8cps to 19cps.
Distribution
Shareholders are advised that a final distribution, by way of a capital reduction out of the share premium account, of 4cps (3cps) has been declared.
Outlook
Based on the firm foothold of the group's businesses in their respective markets, the directors are optimistic of a solid performance in 2011/12, dependent obviously on economic circumstances. Prospects are supported by a substantial cash reserve, and OneLogix will continue to assess appropriate earnings-enhancing acquisitions. |
01-Aug-2011
(Official Notice) | Shareholders were advised that, for the year ended 31 May 2011, OneLogix expects its headline earnings per share ("HEPS") to be between 43% and 53% higher than HEPS for the year ended 31 May 2010 and earnings per share ("EPS") to be between 10% and 20% higher than EPS for the year ended 31 May 2010. The audited results for the year ended 31 May 2011 are expected to be released on SENS on about 24 August 2011. |
21-Feb-2011
(C) | Revenue from continuing operations for the interim period increased 51% to R346.3 million (R229.3 million) on the back of a significant upturn in the automotive and abnormal load markets as well as the first time contributions from the newly acquired and established businesses. Operating profit, representing 11.5% (November 2009: 11.4%) of revenue, rose by 52% from R26.2 million to R39.8 million. Net attributable profit rose to R20 .9 million (R14.6 million). In addition, headline earnings per share from continuing operations grew from 6c to 10.3c.
Distribution
An interim capital distribution of 4cps out of share premium has been declared.
Outlook
Revenue is traditionally weighted to the first half of the financial year. Notwithstanding this, the outlook for the full financial year to May 2011 remains positive. The group is expected to continue benefitting from its proven leading market positions, superior customer service and solid business processes supported by a skilled and motivated management team. OneLogix also has a comparatively large cash reserve and will continue to assess appropriate earnings-enhancing acquisitions. In the interests of increasing the liquidity of the OneLogix share and to accommodate demand, certain directors have agreed to release a limited amount of their personal shareholdings onto the market during the coming months. |
17 Jan 2011 16:45:19
(Official Notice) | Shareholders were advised that, for the six months ended 30 November 2010, Onelogix expects its headline earnings per share and earnings per share to be between 40% and 50% higher than those reported for the six months ended 30 November 2009 ("the previous comparative period"). The interim financial results of the company will be published on or about 17 February 2011. |
23 Nov 2010 10:27:28
(Official Notice) | Shareholders are advised that, with effect from 22 November 2010, Tsakani Matshazi has resigned as non-executive director of OneLogix and all OneLogix subsidiaries of which she was a director. Ashley Basil Ally has been appointed as non-executive director of OneLogix in Tsakani's stead. Debrah Ann Hirschowitz has been appointed as an alternate director to Ashley.
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16 Nov 2010 13:43:39
(Official Notice) | Shareholders are advised that, at the annual general meeting of shareholders of OneLogix held on Tuesday, 16 November 2010 (in terms of the notice of annual general meeting contained in the OneLogix annual report issued on 21 October 2010) all of the resolutions were passed by the requisite majority of OneLogix shareholders. |
21 Oct 2010 14:03:04
(Official Notice) | Shareholders are advised that the company's annual report, incorporating the audited financial statements for the year ended 31 May 2010, was dispatched today and contains no changes to the audited condensed financial results which were announced on SENS on Tuesday, 24 August 2010. The annual report contains a notice of the AGM for OneLogix, which will be held at the offices of the company at 46 Tulbagh Road, Pomona, Kempton Park, Gauteng on Tuesday, 16 November 2010 at 10h00. |
24 Aug 2010 11:23:15
(C) | Revenue for the year increased by 21% to R496.7 million (2009: R410 million). Earnings before interest, taxation, depreciation and amortisation rose by 32% to R85.5 million (2009: R64.7 million) , while operating profit for the period was 35% higher at R51.8 million (2009: R38.4 million). Net profit and comprehensive income attributable to equity holders of the company jumped by 70% to R34.7 million (2009: R20.3 million) . Furthermore, headline earnings per share improved to 13cps (2009: 10.2cps).
Dividend
A final distribution, by way of a capital reduction out of the share premium account, of 3 cents per share was declared. This takes the total distribution for the year to 6 cents per share.
Prospects
Underpinned by the group's proven market positions, superior customer service and strong business processes and supported by a skilled and motivated management team the directors believe the group businesses will continue to perform well into the next year. OneLogix will also continue to explore acquisitive opportunities during the current year. In accordance with the group's strategy possible acquisitions will be in aligned niche markets. |
06 Aug 2010 10:16:03
(Official Notice) | Shareholders are advised that, for the year ended 31 May 2010, OneLogix expects its earnings per share and diluted earnings per share to be between 65% and 75% higher than those reported for the year ended 31 May 2009 ("the previous comparative period") and its headline earnings per share and diluted headline earnings per share to be between 20% and 30% higher than those reported for the previous comparative period. The annual financial results of the company will be published on or about 24 August 2010. |
27 Jul 2010 16:25:33
(Official Notice) | Shareholders were referred to the announcement released on SENS on 12 May 2010 and the circular issued to shareholders on 2 July 2010 detailing the specific repurchase of 8 000 000 OneLogix ordinary shares from Jeremy Eaton and his associates and were advised that at the general meeting of OneLogix shareholders held on Tuesday, 27 July 2010, the special and ordinary resolutions proposed thereat were unanimously passed by the requisite shareholder majorities. |
12 May 2010 16:09:12
(Official Notice) | |
04 May 2010 13:00:08
(Official Notice) | Shareholders are advised that the company has entered into negotiations which, if successfully concluded, may have a material effect on the price of the company's securities. Accordingly, shareholders are advised to exercise caution when dealing in the company's securities until a further announcement is made. |
22 Feb 2010 09:58:06
(C) | Revenue decreased to R260.6 million (2008:R277.3 million). Operating profit decreased to R29.6 million (2008:R36.4 million). Profit attributable to ordinary shareholders decreased to R14.6 million (R17.3 million). Headline earnings on a per share basis decreased to 7.0cps (8.30cps).
Dividends per share
Shareholders are advised that a distribution, by way of a capital reduction out of the share premium account, of 3.0 cps has been declared in respect of the interim period.
Prospects
Revenue is traditionally weighted to the first half of the financial year. Notwithstanding this and the slow economic growth expected in the six months ahead, the directors remain cautiously optimistic that the strength of the core operations should enable the group at the least to maintain market share and to perform well over the full financial year. Highly competitive offerings in healthy niche markets are a key strength, which is well-supported by an established infrastructure and experienced and motivated management. A strong balance sheet is a major advantage and OneLogix will continue to explore acquisitive opportunities in line with proven strategy to target well performing niche markets.
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03 Dec 2009 17:32:41
(Official Notice) | |
20 Nov 2009 16:31:36
(Official Notice) | Shareholders are advised that, at the annual general meeting of shareholders of OneLogix held on Friday, 20 November 2009 (in terms of the notice of annual general meeting contained in the OneLogix annual report issued on 29 October 2009) all of the resolutions were passed by the requisite majority of OneLogix shareholders. |
29 Oct 2009 12:21:00
(Official Notice) | Shareholders are advised that the company's annual report, incorporating the audited financial statements for the year ended 31 May 2009, was dispatched today and contains no changes to the audited results which were announced on SENS on Friday, 28 August 2009. The annual report contains a notice of annual general meeting for OneLogix, which will be held at the offices of the company at 46 Tulbagh Road, Pomona, Kempton Park, Gauteng on Friday, 20 November 2009 at 10h00. |
28 Aug 2009 14:59:35
(C) | Revenue increased to R568.9 million (R512.5 million). EBITDA declined to R77.7 million (R87.7 million). Net profit attributable to ordinary shareholders decreased to R20.4 million (R28.6 million). In addition, headline and diluted headline earnings per share fell to 10.2cps (13.6cps).
Dividend
No dividend has been declared.
Outlook
It is expected that adverse economic conditions will continue to affect the contracting automotive industry. However, the group's reputed customer service should ensure that market share is maintained in this industry by VDS and CVDS. Further, PostNet and Press Support are anticipated to gain market share in their respective industries. In addition the newly acquired RFB group should perform well during the year ahead.
OneLogix will also continue to explore acquisitive opportunities which are expected to arise in the current trading conditions. In accordance with the group's strategy possible acquisitions would be in aligned niche markets, and are expected to further assist in offsetting the slowing of organic growth. The group's focus on highly competitive offerings in healthy niche markets remains a key strength, and is well-supported by an established infrastructure and experienced and motivated management. |
21 Aug 2009 15:30:57
(Official Notice) | OneLogix has, as of 17 August 2009, entered into an agreement for the sale of its 51% equity interest in 4Logix (Pty) Ltd ("4Logix"), comprising the 51 ordinary shares owned in 4Logix and all claims which it has against 4 Logix (the "sale equity"). The sale equity is being sold to Mr JP Cronje ("the purchaser"), who currently owns the remaining shares in 4Logix and is the executive director of 4Logix. The effective date of the disposal will be 1 June 2009, provided that implementation of the disposal remains conditional on the fulfilment of the following conditions:
*4Logix paying to OneLogix a final dividend in an amount of R585 000; and
*OneLogix being released from its various obligations in respect of 4Logix comprising a suretyship given in favour of Nedbank Ltd, a trading account operated in its name by Transnet and certain guarantees given in favour of Transnet.
The purchase price payable by the purchaser to OneLogix for the sale equity is a cash amount of R1 115 000 payable as follows:
*R115 000 payable on the implementation date against delivery of the sale equity by OneLogix; and
*the balance, in an amount of R1 000 000, payable on or before 31 May 2011.
The effect of the transaction on the net assets, net tangible assets, earnings per share and headline earnings per share of the company as published for the six month period ended 30 November 2008 are not significant. The decision to dispose of the company's interest in 4Logix is based on the boards' view that the relatively high revenue low margin businesses conducted by 4Logix and its subsidiary, Gijima Supply Chain Management Services (Pty) Ltd, offering logistics solutions for the rail of bulk commodities, no longer fit with the group strategy. The proceeds to be received by OneLogix on the disposal of 4Logix will be applied for general business purposes. |
27 Jul 2009 15:17:08
(Official Notice) | OneLogix advises that for the year ended 31 May 2009 it expects earnings and headline earnings per share to be between 20% and 30% lower than those reported for the previous comparative period. The annual financial results of the company will be published during the last week of August 2009. |
23 Jul 2009 17:09:26
(Official Notice) | Shareholders are referred to the announcement released on SENS on 11 March 2009 detailing the acquisition by OLG, through its wholly-owned subsidiary Onelogix (Pty) Ltd, of the equity in each of the companies and the subsequent announcement released on SENS on 1 April 2009 setting out the pro forma financial effects of the acquisition of the RFB group. Shareholders are advised that all conditions precedent to the acquisition have been fulfilled and the acquisition has been implemented in accordance with its terms. |
01 Apr 2009 13:44:11
(Official Notice) | Shareholders are referred to the announcement released on SENS on 11 March 2009 regarding the acquisition by OLG of the equity in each of PM Hire (Pty) Ltd, RFB Logistics (Pty) Ltd and Lynx Investments (Pty) Ltd.
Withdrawal of cautionary
Shareholders are advised that caution is no longer required to be exercised when dealing in their OLG shares. |
11 Mar 2009 15:42:09
(Official Notice) | OLG, through its wholly-owned subsidiary Onelogix (Pty) Ltd, has concluded an agreement to acquire the equity in each of the companies. The companies trade as the RFB group, carrying on a long-established transport and logistics business providing transport solutions to customers throughout Southern Africa, with particular focus in the niche abnormal load market.
The Snow Trust has sold to the purchaser with effect from 1 March 2009 the equity in each of PM Hire and RFB Logistics. In addition, the Trust has sold to the purchaser with effect from 1 March 2010 the equity in Lynx Investments. Lynx Investments owns the property from which the business of the RFB group is conducted. The acquisition is conditional on the fulfilment of certain conditions including inter alia -
*The satisfactory outcome of a due diligence investigation to be conducted by the purchaser
*Written approval of the board of directors of OLG.
The purchase consideration payable to the Trust for the equity in PM Hire and RFB Logistics is R18 500 000 payable as follows -
*R13 000 000 in cash on the implementation date (being the later of the third business day after the date on which the agreement becomes unconditional and the date of the calculation and determination of the profit after tax earned by PM Hire and RFB Logistics as determined by their respective financial statements for the year ended 28 February 2009)
*R5 500 000 in cash on 1 March 2010,
provided that if the profit after tax earned by PM Hire and RFB Logistics for the year ended 28 February 2009 falls short of R5 451 000, then the purchase consideration shall be reduced by the amount of the shortfall. The purchase consideration payable to the Trust for the equity in Lynx Investments is R4 000 000, payable in cash on 1 March 2010.
Cautionary
The financial effects of the acquisition will be published in due course, pending which OLG shareholders are advised to exercise caution when trading in OLG shares. |
17 Feb 2009 10:12:41
(C) | Revenue increased by 31% to R327 million from R249 million for the comparative interim period ended 30 November 2007. Operating profit grew by 16% from R33.2 million to R38.4 million, representing 11.7% of revenue. Revenue grew disproportionately to operating profit due to significant increases in the fuel price during the period. Net profit before tax was up 14% to R32 million. This was negatively impacted by increased lending rates in the interim period. Profit after tax increased 17% to R22.8 million, supported by the decrease in the corporate income tax rate from 29% to 28%. HEPS grew by 15% to 8.3 cents from 7.2 cents.
Dividends per share
No dividends were declared for the period under review.
Prospects
Adverse economic conditions globally and locally are expected to impact on the group in the six months ahead to year-end, particularly as regards the contracting automotive industry. However, this economic landscape is expected to drive significant consolidation in the sectors in which the group operates. The attractive acquisition opportunities expected to arise, which could enhance the group's current areas of focus and facilitate expansion into aligned niche markets, should help to offset a potential slowing of organic growth. The group's focus on highly competitive offerings to growth niche markets remains a key strength, which is well supported by established infrastructure and experienced and motivated management. |
28 Nov 2008 16:30:12
(Official Notice) | Shareholders are advised that, at the annual general meeting of shareholders of OneLogix held on Friday, 28 November 2008 (in terms of the notice of annual general meeting contained in the OneLogix annual report issued on 6 November 2008) all of the resolutions were unanimously passed by OneLogix shareholders. |
06 Nov 2008 10:02:32
(Official Notice) | Shareholders are advised that the company's annual report, incorporating the audited financial statements for the year ended 31 May 2008, was dispatched today and contains no changes to the audited results which were announced on SENS on Wednesday, 20 August 2008. The annual report contains a notice of annual general meeting for OneLogix, which will be held at the offices of the company at 46 Tulbagh Road, Pomona, Kempton Park, Gauteng on Friday, 28 November 2008 at 10h00. |
10 Oct 2008 09:42:39
(Media Comment) | The Financial Mail reported that even though OneLogix has been one of the better companies on the AltX, its share price has curiously slumped by almost 60% in the past twelve months. CEO Ian Lourens is perplexed that the share has fallen from a high of R1.46 to around 60c now. Lourens thinks that the shares are been weighed down by the uncertain economic outlook. However, Imara SP Reid analyst Warwick Lucas rates the stock as a "spec buy". This is despite its largest subsidiary being heavily exposed to a softening new vehicle market. Nevertheless, shares in competitors have also experienced declines, with Super Group Ltd off 75% from its high. |
20 Aug 2008 09:16:26
(C) | Revenue increased by 95% to R512.5 million from R263.3 million for the previous year. Operating profit grew by 79% to R62.4 million (R34.8 million), representing approximately 12.2% of revenue. Net profit attributable to ordinary shareholders reached R28.6 million, up from R19 million previously. Headline earnings per share rose by 42% from 9.6c to 13.6cps.
Dividend
No dividend has been declared.
Prospects
The outlook for the year to May 2009 remains positive. The directors believe the company will post organic growth, even in the face of current economic conditions. Proven sustainability during downturns in markets and the economy, established infrastructure, experienced management and exciting growth initiatives should help to achieve this. A focus on highly competitive offerings to growth niche markets is a key strength.
In addition, the directors believe that the present market conditions could yield attractive acquisition opportunities to extend the group's offering in current areas of focus and to potentially expand into related growth niche markets. OneLogix will therefore continue to investigate further earnings-enhancing acquisition opportunities. |
07 Aug 2008 14:43:58
(Official Notice) | OneLogix advises that for the year ended 31 May 2008 it expects earnings and headline earnings per share to be between 40% and 45% higher than reported on for the previous comparative period. The financial results on which this trading statement has been based have not been reviewed or reported on by the company's auditors. The annual financial results of the company will be published on about 20 August 2008. |
13 Feb 2008 09:44:33
(C) | Revenue increased by 95% to R249 million from R128 million in the previous interim period ended 30 November 2006. Operating profit grew by 100% to R33.2 million, representing 13.3% of revenue. Headline earnings per share grew by 41% to 7.2cps from 5.1cps. The group incurred a R1.3 million charge, attributable to the amortisation of intangibles associated with the acquisition of Press Support for the interim period. The properties were revalued on 30 November 2007 by R15 million.
Prospects
On balance revenue is historically weighted to the first half of the financial year. However, the outlook for the full financial year to May 2008 remains positive. Organic growth will continue to be the key driver of the group's growth. Notwithstanding a contraction in the local passenger vehicle market resulting from the increase in interest rates and the impact of the new National Credit Act, VDS's growth will be secured by its gain in market share to date, continued success in the buoyant local commercial vehicle market and sustainable growth in the cross-border market. This, together with the strong growth prospects of the other group businesses, is anticipated to drive growth in HEPS for the year to May 2008 notwithstanding the dilution of earnings resulting from the BEE transaction. OneLogix will further continue to investigate earnings-enhancing acquisition opportunities. In the interests of increasing the liquidity of the OneLogix share to accommodate demand, certain directors have agreed to release a limited amount of their personal shareholdings onto the market during the next few months. |
14 Mar 2006 08:08:31
(Official Notice) | OneLogix, through wholly owned subsidiaries, has in effect acquired a number of properties utilised by Vehicle Delivery Services ("VDS") in Pomona and Pinetown. The properties have been utilised by VDS for a number of years and are specialised for its operational requirements.
Pomona property
OneLogix has acquired from Neville Bester the shares in and claims against Starzone Investments (Pty Ltd) and Road Sea (Pty) Ltd, which collectively own the commercial property in Pomona constituting the company's main operating premises and head office. The purchase consideration is R8 million, to be funded by R7.28 million in mortgage finance and the balance in cash. The effective date of the acquisition is 28 February 2006.
Sim Road property
A wholly owned subsidiary of OneLogix has acquired the commercial property situated at 45 Sim Road Pomona from Apache Air Parts (Pty) Ltd. The purchase consideration is R3.6 million, to be funded by R2.52 million in mortgage finance and the balance in cash on registration date, which should be on or about 14 March 2006.
Pinetown property
A wholly owned subsidiary of OneLogix has acquired the commercial property situated at 1/3 Goodwood Road Westmead Pinetown from LOT 7465 Pinetown Close Corporation. The purchase consideration is R3.8 million, to be funded by R2.66 million in mortgage finance and the balance in cash on registration date, which should be on or about 14 March 2006. |
24 Feb 2006 14:17:04
(C) | Revenue for the group increased by 98% to R80 million from R41 million. Operating profit grew by 33% to R10.3 million, representing approximately 12.5% of revenue. Headline earnings per share rose by 52% from 2.5 cents per share to 3.8 cents per share. The increase in revenue was largely due to the consolidation of 4Logix with effect from 1 December 2004, as well as the higher revenue generated by VDS on its successful entry into the local market. Notwithstanding the growth in revenue, debtors days remained consistent with the previous period. Operating profit included a once-off cost of approximately R0.75 million relating to the implementation of the group's BEE transaction. The taxation charge of R1.6 million was reduced by learnership allowances totalling R1.1 million. Despite the increased working capital requirements commensurate with growth in revenue, cash generated from operations increased from R5.3 million to R9.6 million which again underpinned headline earnings. The group invested a total of R9.7 million in infrastructure, mainly in VDS. Infrastructure spend was financed by cash generated from operations and a R5.5 million increase in interest-bearing borrowings.
Prospects
On balance revenue is historically weighted to the first half of the financial year. However, the outlook for the balance of the current financial year remains good. Notwithstanding the dilution in earnings resulting from the BEE transaction, the directors are confident that the group will show real growth in HEPS for the year to 31 May 2006. |
15 Feb 2006 16:18:00
(Official Notice) | OneLogix has advised that for the six months ended 30 November 2005 it expects earnings per share to be between 105% and 115% and headline earnings per share to be between 45% and 55% higher than reported on for the previous comparative period.
This increase is primarily attributable to the following:
* a strong operating performance for the six month period;
* additional tax allowances claimed; the positive impact of the conversion from SA GAAP to IFRS; and
* as it pertains to earnings per share, the company no longer amortises goodwill (in the prior period an amount of R1.5 million was amortised).
The financial results of the company will be published on or about 24 February 2006.
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22 Nov 2005 17:01:39
(Official Notice) | All of the resolutions proposed at the general meeting and the annual general meeting convened on Tuesday, 22 November 2005 were passed by the requisite majorities. Accordingly, the transaction pursuant to which OneLogix (Pty) Ltd, the operating subsidiary of Onelogix, would achieve BEE credentials of 25% ownership and 25.1% control had become unconditional. As a result, shareholders are advised that Sipho Mila Pityana and Tsakani Matshazi have been appointed to the board of OneLogix as non-executive chairperson and non-executive director respectively, with immediate effect. |
31 Oct 2005 08:46:30
(Official Notice) | Shareholders are referred to the announcements setting out details of the introduction of Izingwe Capital (Pty) Ltd as a black economic empowerment partner into the Onelogix group of companies; and one relating to the issue of 4 492 505 shares for cash to Java Capital Holdings (Pty) Ltd. Both transactions are subject to the requisite shareholder approval and in this regard a circular (incorporating a notice of general meeting) has been posted to shareholders today, 31 October 2005. A general meeting of Onelogix will take place on 22 November 2005.
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08 Sep 2005 15:47:58
(Official Notice) | As announced on 15 February 2005, Java Capital Holdings (Pty) Ltd funded the company`s repurchase of 4 492 505 OneLogix shares (`shares`) at 12.42cps pursuant to the company`s mandatory offer to shareholders on the basis that, in due course, the company would obtain the requisite shareholder approval to issue the 4 492 505 shares to JCH at 13.35cps. The requisite majority of shareholders agreed irrevocably to approve such issue of shares at the next general meeting of shareholders. As a general meeting will be called to approve the black economic empowerment transaction announced on 30 August 2005, details of the specific issue of shares for cash to JCH will be included in the circular detailing the BEE transaction. |
30 Aug 2005 08:41:30
(Official Notice) | |
30 Aug 2005 08:34:15
(C) | Revenue for the group increased by 46% from R73m to R106m. Earnings before interest, taxation, depreciation and amortisation (`EBITDA`) grew by 15% to R21.8mn representing approximately 21% of revenue. Headline earnings per share rose by 63% from 4.1c to 6.7c. The increase in revenue can be attributed largely to the consolidation of 4Logix with effect from 1 December 2004, as well as the higher revenue generated by VDS following its successful entry into the local market. The additional revenue impacted on receivables, which increased by 105%. The taxation charge was reduced by a prior year`s deferred tax over-provision and learnership allowances totalling R2.2m. Notwithstanding this, cash generated from operations significantly underpinned headline earnings. The group settled its vendor liability of R2.5m during the year and invested a total of R16.5m in infrastructure, mainly for VDS. Infrastructure spend was financed by cash generated from operations and a R6.5m increase in interest-bearing borrowings.
Black Economic Empowerment (`BEE`)
In line with the intention to introduce a BEE partner as stated in the 2004 annual results announcement, the group is pleased to announce that a consortium led by Sipho Pityana`s Izingwe Capital and including the historically disadvantaged staff of OneLogix will acquire a stake of 25% in OneLogix (Pty) Ltd, the wholly-owned subsidiary responsible for directing the group`s operations.
Prospects
The group anticipates that its enhanced BEE platform together with the current positive economic climate will drive organic growth in the year ahead. OneLogix will also continue to explore acquisitive opportunities that complement its niche high-margin cash-generative businesses. |
19 Jul 2005 17:23:27
(Official Notice) | OneLogix expects that headline earnings per share for the year ended 31 May 2005 will be between 55% and 70% higher than they were for the year ended 31 May 2004. Earnings per share will be between 110% and 130% greater. The increased earnings result from factors including a strong operating performance over the second six months of the financial year and the impact of the share buy-back as announced on 12 February 2004. In addition, in terms of GAAP, goodwill is no longer amortised against earnings. The financial information on which this trading statement has been based has not yet been reported on by the company`s auditors. OneLogix`s audited results for the year ended 31 May 2005 are expected to be announced in August 2005. |
08-Nov-2012
(X) | OneLogix adds value to its stakeholders and to the South African economy by providing logistics and related services to organisations and individuals who need to physically move their product from one point - typically the point of manufacture or a port - to another - the point at which the product is marketed or deployed. In certain instances, the group also offers ancillary services to the movement of goods to offer a comprehensive service to customers and capture a larger extent of the logistics value chain for the benefit of our other stakeholders.
OneLogix's operational activities are based primarily within the borders of South Africa. However, operations in the Specialised Transport sector extend their infrastructure into Zimbabwe and Zambia and their service offerings throughout the entire southern African region. |
