30-Apr-2013
(Official Notice) | Shareholders were referred to the circular to shareholders dated 2 April 2013 relating to the approval of Primeserv's new Memorandum of Incorporation ("circular"). Shareholders are advised that at the general meeting held at the registered office of the company, all of the proposed resolutions set out in the notice of general meeting included in the circular, were approved by the requisite majority of shareholders. The special resolution will be lodged with the Companies Intellectual Property Commission for filing or registration, where applicable. |
02-Apr-2013
(Official Notice) | Shareholders are advised that a circular containing details to replace the current Memorandum and Articles of Association of the Company with a new Memorandum of Incorporation ("MOI") including, inter alia, a notice convening a general meeting, was posted on 2 April 2013. The general meeting is to be held at the Boardroom, Primeserv Group Ltd., Ground Floor, Venture House, Peter Place Park, 54 Peter Place, Bryanston at 9:00 on Tuesday, 30 April 2013, to consider and, if deemed fit, to pass, with or without modification, the special resolution and the ordinary resolution to replace the current Memorandum and Articles of Association of the Company with a new MOI which complies with the requirements of the Companies Act 71 of 2008 and the JSE Listings Requirements.
The salient dates and times in relation to the general meeting are as follows:
* Record date to be entitled to receive the circular and notice of the general meeting on Friday, 22 March
* Circular posted to Primeserv shareholders on Tuesday, 2 April
* Last day to trade to be eligible to vote at the general meeting on Friday, 12 April
* Record date for the general meeting on Friday, 19 April
* Last day to lodge forms of proxy for the general meeting by 9:00 Friday, 26 April
* General meeting of shareholders to be held at 9:00 on Tuesday, 30 April
* Results of general meeting released on SENS on Tuesday, 30 April
* Anticipated CIPC registration of special resolution by this date on Friday, 14 June. |
29-Nov-2012
(C) | Revenue for the interim period increased to R340.4 million (2011: R307.4 million). Gross profit rose to R61.2 million (2011: R56.2 million), but EBITDA lowered to R6.4 million (2011: R6.7 million), while operating profit fell to R5 million (2011: R5.4 million). Furthermore, total comprehensive income attributable to ordinary shareholders of the company was slightly higher at R4.3 million (2011: R4.2 million), and headline earnings per share from continuing operations grew to 5.56cps (2011: 4.47cps).
Dividend
No dividend has been proposed for the period under review. The resumption of dividend payments will be assessed at the conclusion of each reporting period.
Outlook
Operationally, the Group continues to focus on managing its costs and working capital, implementing its reorganisation plan, driving efficiencies and delivering an integrated HR value offering to its clients. Strategically, the Group is actively working to increase the realisable value creation opportunities inherent in its operating subsidiaries. |
22-Nov-2012
(Official Notice) | The annual general meeting of Primeserv shareholders was held on Thursday, 22 November 2012. All the ordinary resolutions and special resolution, other than the following resolutions:
* ordinary resolution number 6 to place the authorised but unissued share capital under the control of the directors;
* ordinary resolution number 7 for the general authority on issue of shares;
* special resolution number 1 for the general authority to repurchase shares; and
* special resolution number 2 to confirm the non- executive directors' remuneration,
as set out in the notice of annual general meeting to shareholders, dated 26 September 2012, were approved by the requisite majority of shareholders.
The special resolution will be filed with the Companies and Intellectual Property Commission in due course. |
14-Nov-2012
(Official Notice) | Shareholders were referred to the no change statement and notice of annual general meeting announcement released on SENS on 28 September 2012 where it was advised that the company's Integrated Report, incorporating the audited financial statements for the year ended 31 March 2012, was posted to shareholders on 28 September 2012 and containing the notice of the annual general meeting of Primeserv shareholders to be held at Primeserv Training, 1st Floor, Hanover Square, Building B, Corner Hendrik Potgieter and 7th Avenue, Edenvale at 09h00 on Thursday, 22 November 2012, to transact business as stated in the notice of annual general meeting of shareholders circulated together with the annual financial statements.
Shareholders are advised that the Record Dates section of the notice of annual general meeting contained an error and is therefore amended as follows:
The record dates for shareholders to be recorded as shareholders in the securities register of the company in order to:
*be entitled to receive the notice of annual general meeting was Friday, 21 September 2012, and
*be entitled to attend, speak and vote at the annual general meeting is Friday, 16 November 2012.
The last date to trade to be entitled to attend, speak and vote at the annual general meeting is Friday, 9 November 2012. |
28-Sep-2012
(Official Notice) | Shareholders are advised that the company's Integrated Report, incorporating the audited financial statements for the year ended 31 March 2012, was posted to shareholders today, 28 September 2012 and contains no changes to the audited financial results which were announced on SENS on 29 June 2012 and in the press on 2 July 2012. The annual financial statements were audited by the company's auditors, Charles Orbach - Company and their unmodified report is available for inspection at the company's registered office. The company's Integrated Report will also be made available on its website www.primeserv.co.za.
Notice is given that the annual general meeting of Primeserv shareholders will be held at Primeserv Training, 1st Floor, Hanover Square, Building B, Corner Hendrik Potgieter and 7th Avenue, Edenvale at 09:h00 on Thursday, 22 November 2012, to transact business as stated in the notice of annual general meeting of shareholders circulated together with the annual financial statements. |
29-Jun-2012
(C) | Revenue fell to R613.1 million (2011: R665.3 million). EBITDA declined from R11.4 million to R7.0 million with an operating profit for the year of R5.6 million compared to R8.8 million. Net income attributable to ordinary shareholders decreased to R7.4 million (2011: R8.2 million) and consequently, headline earnings per share fell from 8.05cps to 7.88cps.
Outlook
As part of its response to the regulatory issues facing its TES businesses, the group made investments in new products and services allied to its existing product and service range. This expenditure related to additional office infrastructure, improved technology, new course material and the employment of more personnel so as to provide increased capacity and capability in anticipation of future requirements. These costs will affect short-term earnings, particularly in the first half of the current year.
Volume growth within existing operations and the continual review of operating expenditure to achieve optimal efficiencies remain group imperatives. The introduction of new products and services in the spheres of business process outsourcing and permanent recruitment has been undertaken.
The group remains focussed on further developing its marketing and sales capability. All of these, taken together, are intended to enhance profitable sustainability for the group. Nevertheless, the prevailing business and operating environment dictates that the group's performance outlook remains conservative. |
28-Jun-2012
(Official Notice) | The company advised that it has discovered an error in its accounting records which require a prior year adjustment to its results. The adjustment in relation to results for the 15 month period ended 31 March 2011 is a reduction in profit after tax in the amount of R1.1 million. The adjustment gives rise to a reduction of earnings per share and headline earnings per share to 8.05 and 7.97 cents per share respectively. As a further result of the above, Primeserv shareholders are advised that Primeserv's headline and basic earnings per share for the twelve month period ended 31 March 2012 will be between 12% and 15% below the headline and basic earnings per share for the prior 15 month reported period ended 31 March 2011. Primeserv's headline and basic earnings per share for the twelve months ended 31 March 2012 will be between 1% and 4% below the restated headline and basic earnings per share for the 15 months ended 31 March 2011. The company anticipates that its results for the financial year ended 31 March 2012 will be released on SENS by no later than 29 June 2012. |
29-Nov-2011
(C) | Primeserv has changed its year end to March and therefore these are interim results for the period ending September. Revenue was R307.4 million (June 2010: R256.2 million). Gross profit amounted to R57.8 million (June 2010: R46.7 million) and EBITDA came in at R8.4 million (R6.5 million). Net profit attributable to shareholders was R5.3 million (June 2010: R3.8 million). In addition, headline earnings per share of 5.55c (June 2010: 3.58cps).
Dividend
An interim ordinary dividend of 0.5cps has been declared.
Prospects
The group strategy is that of an investment holding company in the services industry, and whilst it focuses on organically and acquisitively growing its existing staffing, skills development and HR consulting operations so as to broaden its service and product offerings, it is also actively seeking to diversify its revenue streams through a series of corporate activities. This strategy is aimed at enhancing the sustainability of the group. Volume growth within existing operations and the continual review of operating expenditure to obtain optimal efficiencies remains a group imperative. The group has also invested in a number of new programmes, particularly in the sphere of business process outsourcing, as well as having developed new resources that will deliver added value to clients and staff. An extensive and revitalised investment in marketing and sales is also being implemented. All of these, taken together, are intended to deliver improved top-line growth and increased profitability across all sectors of the group. Nevertheless, economic uncertainty, and the reluctance by many businesses to expand their own operations, render the group's own view of its performance for the full year as being cautiously optimistic. |
23-Nov-2011
(Official Notice) | The annual general meeting of Primeserv shareholders was held on Wednesday, 23 November 2011. All the ordinary resolutions other than resolution number 6 to place the authorised but unissued share capital under the control of the directors; and resolution number 7 the general authority on issue of shares and special resolutions as set out in the notice of annual general meeting to shareholders, dated 21 September 2011, were approved by the requisite majority of shareholders. The special resolutions will be filed with the Companies and Intellectual Property Commission in due course. |
29-Sep-2011
(Official Notice) | The integrated annual report containing the audited financial statements for the company for the fifteen months ended 31 March 2011 has been dispatched to shareholders on Thursday, 29 September 2011. There has been no change from the reviewed results for the fifteen months ended 31 March 2011, released on SENS on 29 June 2011. Notice is hereby given that the eleventh annual general meeting of Primeserv shareholders will be held at The Boundary Room, Wanderers Club, 21 North Street, Illovo at 9:00 on Wednesday, 23 November 2011 to transact the business as stated in the annual general meeting notice forming part of the integrated annual report. The full integrated annual report is available for download from Primeserv's website www.primeserv.co.za. |
26-Sep-2011
(Official Notice) | Primeserv advised that management's review of the financial results expected for the six months ending 30 September 2011 has indicated that Primeserv will show an improvement in headline earnings per share to between 4.83 cents per share and 5.55 cents per share (35% to 55%), and an improvement in earnings per share to between 4.83 cents per share and 5.55 cents per share (35% to 55%) for the six months ending 30 September 2011 compared to the six months ended 30 June 2010. The financial results of the company will be published on or about Thursday, 15 December 2011. |
10-Aug-2011
(Official Notice) | Shareholders are referred to the cautionary announcement dated Friday, 20 May 2011 and renewed on Wednesday, 29 June 2011 where they were advised that the company had entered into discussions which, if successfully concluded, may have a material effect on the price of the company's securities. Shareholders are hereby advised that discussions have been terminated by Primeserv and caution is no longer required to be exercised when dealing in the company's securities. |
29-Jun-2011
(C) | Sales revenue for the 15 months was R665.3 million realising a gross profit of R122.3 million. EBITDA was recorded at R13 million, while operating profit was at R10.4 million. The company reported a net profit attributable to shareholders of R9.3 million and headline earnings per share was recorded at 9.08cps. The economic environment for the fifteen months to 31 March 2011 continued to be challenging. Both business and consumer confidence remained under pressure. This situation was further exacerbated by the persistent debate relating to the Temporary Employment Services ("TES") industry. The resulting uncertainty affected the group's operations with businesses curtailing expenditure relating to skills development, training and employment. Notwithstanding this, the group's overall results were encouraging and it is well positioned for an anticipated economic upturn.
Dividend
Notice is hereby given that Primeserv has declared a final dividend for the 15 months ended 31 March 2011 of 2.50cps.
Prospects
Primeserv's strategy is that of an investment holding company in the services industry, and whilst the group focuses on organically and acquisitively developing its existing staffing, skills development and HR consulting operations so as to broaden its service and product offerings, it is also actively seeking to diversify its revenue streams through a series of corporate activities. This strategy is aimed at enhancing the ongoing sustainability and growth of the group. The pace of the country's economic recovery is expected to remain constrained in the short term. The group is cautiously optimistic regarding performance in the year ahead. This general forecast has not been reviewed nor reported on by the company's auditors.
Further cautionary announcement
Further to the cautionary announcement released on SENS on 20 May 2011 and published in the press on 23 May 2011, shareholders are advised that negotiations remain in progress which, if successfully concluded, may have a material effect on the price of the company's securities. Accordingly, shareholders are advised to continue to exercise caution when dealing in the company's securities until a full announcement is made.
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20-May-2011
(Official Notice) | Shareholders were advised that negotiations are in progress 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. |
28-Mar-2011
(Official Notice) | Further to the cautionary announcement dated 2 March 2011, Primeserv shareholders are advised that Primeserv Staff Dynamix (Pty) Ltd, a subsidiary of Primeserv, has entered into an agreement requiring the payment of compensation arising out of the termination of service agreements for the provision of temporary employment services with customers of the vendors and the conclusion of such contracts with Primeserv ("the transaction"). The vendors, who conduct a business known as "HRS", are Zambli 224 (Pty) Ltd and Yamani Trading 1009 (Pty) Ltd. The maximum total cash consideration payable to the vendors is an amount of R5 500 000. The consideration payable is based upon future sales to customers in terms of the contracts referred to above.
Consideration of funding
The consideration is payable monthly upon receipt of payment from customers. The consideration will be funded from cash flows generated by the new business and Primeserv's internal resources.
Conditions
There are no outstanding conditions in relation to the transaction. The transaction is classified as a Category 2 transaction in terms of the JSE Listings Requirements and does not need shareholder approval.
Warrenties, terms and conditions
The transaction is subject to warranties by the vendors in regard to liabilities for services supplied by the vendors prior to the date of commencement of supply by Primeserv. The principal of the vendors has entered into a restraint undertaking in terms whereof she is restrained from competition with Primeserv for a period of five years.
Effective date
The effective date of the transaction is 1 May 2011.
Withdrawal of cautionary
Shareholders are advised that the cautionary announcement dated 2 March 2011 is withdrawn and that they no longer need to exercise caution when dealing in their Primeserv securities. |
25-Mar-2011
(Permanent) | Primeserve changed its financial year-end from the end of December to the end of March to better align the financial reporting with its underlying trading and operating activities. |
25-Mar-2011
(C) | Revenue for the 12 months ended 31 December 2010 increased to R529 million (R523.5 million) and earnings before interest, tax, depreciation and amortisation (EBITDA) fell to R11.5 million (R19.1 million). Operating profit dropped to R9.6 million (R17.5 million), while total comprehensive income attributable to ordinary shareholders of the company nose-dived to R7.2 million (R11.5 million).
Dividend
Further to the change of year-end the company has not declared a second interim dividend but will consider a final dividend in respect of the fifteen month financial period ending 31 March 2011.
Outlook
The group strategy is that of an investment holding company in the services industry, however, it will now be seeking to diversify its revenue streams through a series of corporate activities alongside its existing staffing, skills development and HR consulting operations. This strategy is expected to enhance the future sustainability of the group, and the funding thereof will result in an increase in the group's overall level of gearing. The group will continue to seek further acquisitions within its existing spheres of activity so as to expand its value offering to clients. The pace of the country's economic recovery remains uncertain and therefore it is anticipated that trading conditions will be restrictive and somewhat volatile. The group remains cautiously optimistic regarding performance in the year ahead.
Change of year-end
The group has changed its financial year from the end of December to the end of March to better align the financial reporting with its underlying trading and operating activities. Consequently the group will be reporting audited results for the fifteen months ending 31 March 2011. |
18-Mar-2011
(Official Notice) | Management's review of the financial results expected for the 12 months ended 31 December 2010 has indicated that Primeserv will show a decline in headline earnings per share of between 25% and 35%, and a decline in earnings per share of between 25% and 35% for the 12 months ended 31 December 2010 compared to the 12 months ended 31 December 2009. The financial results of the company will be published on or before Friday, 25 March 2011. |
02-Mar-2011
(Official Notice) | Shareholders are advised that negotiations are in progress 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. |
26 Oct 2010 15:20:54
(Official Notice) | Shareholders are advised that the negotiations advised in the cautionary announcement dated Wednesday, 15 September 2010 are currently not proceeding due to a failure by the counter party to deliver information required for the transaction to proceed. The transaction contemplated is accordingly regarded by the board of the company as being in abeyance and shareholders no longer need to exercise caution when dealing in Primeserv securities. Shareholders will be advised should this situation change. |
15 Sep 2010 16:13:23
(Official Notice) | Shareholders are advised that negotiations are in progress 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.
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19 Aug 2010 17:57:16
(C) | Revenue for the period improved slightly to R256 million (2009: R255 million), while EBITDA declined to R6.5 million (2009: R7.4 million). Operating profit fell to R5.6 million (2009: R6.6 million), net profit attributable to ordinary equity holders of the company dropped to R3.8 million (2009: R4.8 million), furthermore, the company reported a decreased headline earnings per share of 3.58cps (2009: 4.32cps).
Dividend
An interim dividend of 0.50 cents per ordinary share was declared in this period.
Outlook
Renewed concerns over a slower than expected economic recovery could impact negatively on the group, particularly given its dependence on a resumption of hiring and training of personnel in the industrial and commercial sectors in which it operates. Albeit that the group's results for the year remain under pressure, the board believes that Primeserv has an appropriate sustainability strategy and that the group remains well placed to benefit from an economic upturn. The group continues to seek out strategic acquisitive opportunities that will expand the group's value platform. |
02 Jul 2010 11:49:31
(Official Notice) | The annual general meeting of Primeserv shareholders was held on Friday, 2 July 2010. All the ordinary resolutions and the special resolution as set out in the notice of annual general meeting to shareholders, dated 12 March 2010, were approved by the requisite majority of shareholders. |
10 Jun 2010 15:07:36
(Official Notice) | Shareholders are advised that the company's annual report, incorporating the audited financial statements for the year ended 31 December 2009, was posted to shareholders on Thursday, 10 June 2010 and contains no changes to the audited financial results which were announced on SENS and in the press on Monday, 15 March 2010. The annual financial statements were audited by the company's auditors, PKF (Jhb) Inc. and their report is available for inspection at the company's registered office.
Notice is hereby given that the annual general meeting of Primeserv shareholders will be held at The Polo Room, Inanda Club, 1 Forrest Road, Inanda, Sandton, at 09:00 on Friday, 2 July 2010, to transact business as stated in the notice of annual general meeting of shareholders circulated together with the annual financial statements. |
15 Mar 2010 08:20:37
(C) | Revenue decreased from R540 million to R524 million in 2009. Operating profit decreased to R17.5million (2008:R21.8 million). Profit attributable to ordinary shareholders decreased to R11.5 million (2008:R17.5 million). Headline earnings per share fell to 10.51cps (2008:15.41cps).
Dividends per share
A final dividend of 2.5cps was declared for the period under review.
Prospects
The pace of South Africa's economic recovery remains uncertain. It is anticipated that a period of at least 18 months of further restrictive trading conditions will prevail. Consequentially, the group remains cautious in regard to anticipated future results. Group operations remain well placed to benefit when the upturn occurs. The group's low gearing and strong balance sheet, position it well to seek out strategic acquisitive opportunities that will broaden the business base and provide further impetus for growth. |
02 Mar 2010 17:53:53
(Official Notice) | Primeserv accordingly advises that management's review of the financial results expected for the 12 months ended 31 December 2009 has indicated that Primeserv will show a decline in headline earnings per share of between 27% and 35%, and a decline in earnings per share of between 27% and 35% for the 12 months ended 31 December 2009 compared to the 12 months ended 31 December 2008. The financial results of the company will be published on or before Wednesday, 10 March 2010. |
02 Mar 2010 11:24:15
(Official Notice) | Primeserv accordingly advises that management's review of the financial results expected for the 12 months ended 31 December 2009 has indicated that Primeserv will show a decline in headline earnings per share of between 27% and 35%, and a decline in earnings per share of between 27% and 35% for the 12 months ended 31 December 2009 compared to the 12 months ended 31 December 2008. Consequently these results are expected to be in line with the full year results that were anticipated at the time Primeserv's interim results for the 6 months ended 30 June 2009 were released. The financial results on which this trading statement has been based have not been reviewed or reported on by the company's auditors. The financial results of the company will be published on or before Wednesday, 10 March 2010. |
21 Aug 2009 17:28:26
(Official Notice) | Shareholders are advised that Ms Cleopatra Shiceka has been appointed as a non-executive director of Primeserv with effect from 21 August 2009. |
05 Aug 2009 17:03:22
(Official Notice) | Management's review of the financial results expected for the six months ended 30 June 2009 has indicated that Primeserv will show a decline in headline earnings per share of between 30% and 38%, and a decline in earnings per share of between 30% and 38% for the six months ended 30 June 2009 compared to the six months ended 30 June 2008. The financial results of the company will be published on or before Friday, 14 August 2009. |
24 Jul 2009 12:25:32
(Official Notice) | The annual general meeting of Primeserv shareholders was held on Friday, 24 July 2009. All the ordinary resolutions and the special resolution as set out in the notice of annual general meeting to shareholders, dated 19 June 2009, were approved unanimously by the shareholders. The special resolution will be submitted for registration at the Registrar of Companies in due course. |
03 Jul 2009 14:49:53
(Official Notice) | Mr Raphael Sack, formerly acting CFO, has been appointed as the financial director of Primeserv with effect from 30 June 2009. |
29 Jun 2009 16:05:58
(Official Notice) | Shareholders are advised that the company's annual report, incorporating the audited financial statements for the year ended 31 December 2008, were posted to shareholders on Monday, 29 June 2009 and contains no changes to the audited financial results which were announced on SENS on Thursday, 19 March 2009 and in the press on Friday, 20 March 2009. The annual financial statements were audited by the company's auditors, PKF (Jhb) Inc and their report is available for inspection at the company's registered office.
The annual general meeting of Primeserv shareholders will be held at 207 Main Avenue, Ferndale, Randburg, at 09:00 on Friday, 24 July 2009, to transact business as stated in the notice of annual general meeting of shareholders circulated together with the annual financial statements. |
19 Mar 2009 15:55:39
(C) | Revenue increased from R474 197 million to R539 878 million in 2008. Operating profit increased to R21 772 million (2007:R17 912 million). Profit attributable to ordinary shareholders increased to R17 507 million (R13 830 million). Headline earnings on a per share basis grew to 15.41cps (12.06cps).
Dividends per share
A final dividend of 2 cps was declared for the period under review.
Prospects
Given the current economic crisis and the group's exposure to the industrial and mining sectors, as well as the economic pressures being faced by learners registered with the colleges division, difficult trading conditions are anticipated for the present financial year. The group is focused on maintaining its market position, whilst rigorous cost controls that match cost structures with business performance without sacrificing operational capacity and service delivery excellence will be key in the year ahead. |
17 Mar 2009 16:11:04
(Official Notice) | Mr Gregory Mons has resigned as the group chief financial officer ("CFO") of the company and as the company secretary with immediate effect. Mr. Raphael Sack, the deputy CFO, has been appointed the acting CFO until further notice. ER Goodman Secretarial Services cc, represented by E Goodman, has been appointed as the company secretary with immediate effect. |
18 Feb 2009 08:15:51
(Official Notice) | Primeserv advises that management's review of the financial results expected for the 12 months ended 31 December 2008 has indicated that Primeserv will show an improvement in headline earnings per share of between 20% and 30%, and an increase in earnings per share of between 20% and 30% for the 12 months ended 31 December 2008 compared to the 12 months ended 31 December 2007. The financial results on which this trading statement has been based have not been reviewed or reported on by the company`s auditors. The financial results of the company will be published on or before Wednesday, 18 March 2009. |
22 Dec 2008 15:07:45
(Official Notice) | Shareholders are advised that Mr Letepe Maisela has been appointed as a non-executive director with effect from 19 December 2008. |
10 Sep 2008 07:46:32
(C) | Consolidated group operations have continued to improve their period-on-period performance with revenue growing by 12% from R215.2 million for the six months ended 30 June 2007 to R241.4 million for the current review period. Group EBITDA increased by 44% from R7.1 million to R10.2 million, whilst operating profit increased by 47% from R6.3 million to R9.2 million. Comparable group operating margin increased from 2.9% to 3.8%. Profit before tax increased by 62% from R5.4 million to R8.8 million, resulting in headline earnings per share increasing by 78% from 3.77 cents per share to 6.71 cents per share. The group is strongly focused on improved working capital management. Net asset value has increased by 29% to 53 cents per share (30 June 2007: 41 cents per share).
Dividends
Primeserv has declared an interim dividend for the six months ended 30 June 2008 of 1 cent per ordinary share.
Prospects
Improved operating results are anticipated for the second half of the year. |
09 Sep 2008 14:57:06
(Official Notice) | Shareholders are advised that Mr. R Sack has resigned as company secretary and Mr. GB Mons has been appointed as the new company secretary with effect from 9 September 2008. |
26 Aug 2008 07:53:58
(Official Notice) | Primeserv advised that management's review of the financial results expected for the 6 months ended 30 June 2008 has indicated that Primeserv will show an improvement in headline earnings per share of between 70% and 80%, and an increase in earnings per share of between 70% and 80% for the six months ended 30 June 2008 compared to the six months ended 30 June 2007. The financial results of the company will be published on or about Friday, 5 September 2008. |
12 Aug 2008 13:16:47
(Official Notice) | The annual general meeting of Primeserv shareholders was held on Tuesday, 12 August 2008. All the ordinary resolutions and the special resolution as set out in the notice of annual general meeting to shareholders, dated 18 June 2008, were approved by the requisite majority of shareholders. The special resolution will be submitted for registration at the Registrar of Companies in due course. |
17 Jul 2008 17:04:59
(Official Notice) | Shareholders are advised that Mr Gregory Mons has been appointed as Group CFO with effect from 1 July 2008. Greg joins Primeserv from the Altron/Powertech Group where he was CFO of their Battery Group. Prior to joining the Altron/Powertech Battery Group he was employed in Senior Financial Positions by BOC Afrox and Johnson Matthey PLC. Greg brings a wealth of experience to the Primeserv Group and the Group wishes him well on his appointment. |
30 Jun 2008 15:04:12
(Official Notice) | Shareholders are advised that the company's annual report, incorporating the audited financial statements for the year ended 31 December 2007, were posted to shareholders on 30 June 2008 and contains no changes to the audited financial results which were announced on SENS on Friday, 28 March 2008 and in the press on Monday, 31 March 2008.
Notice is hereby given that the annual general meeting of Primeserv shareholders will be held at 207 Main Avenue, Ferndale, Randburg, at 9:00 on Tuesday, 12 August 2008, to transact business as stated in the notice of annual general meeting of shareholders circulated together with the annual financial statements. |
25 Apr 2008 17:18:21
(Official Notice) | Shareholders are referred to the cautionary announcement released on SENS on 26 February 2008 and in the press on 27 February 2008 and renewed on SENS on 28 March 2008 and in the press on 31 March 2008. Shareholders are hereby advised that as negotiations have been terminated, they are no longer required to exercise caution when dealing in the company?s securities.
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28 Mar 2008 15:26:03
(C) | Group revenue amounted to R474.2 million for the year under review. Group EBITDA came in at from R19.7 million (R6.1 million), whilst operating profit amounted to R17.9 million (R4.3 million). Profit after taxation attributable to ordinary shareholders was recorded at R13.8 million (R5.6 million). This led to headline earnings on a per share basis of 12.06cps (4.8cps).
Dividend
A final ordinary dividend of 1.5cps has been declared.
Prospects
Barring unforeseen or adverse economic conditions during the year, the group anticipates improved operating results. |
04 Mar 2008 14:10:23
(Official Notice) | Primeserv accordingly advises that management's review of the financial results expected for the 12 months ended 31 December 2007 has indicated that Primeserv will show an improvement in headline earnings per share of between 180% and 200%, and an increase in earnings per share of between 175% and 195% for the 12 months ended 31 December 2007 compared to the pro forma 12 months ended 31 December 2006. The financial results on which this trading statement has been based have not been reviewed or reported on by the company's auditors. The financial results of the company will be published on or about Wednesday, 19 March 2008. |
26 Feb 2008 15:34:51
(Official Notice) | Shareholders are advised that Primeserv has entered into negotiations which, if successfully concluded, 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. |
31 May 2006 16:23:16
(Official Notice) | Raphael Sack has been appointed as chief financial officer of Primeserv with effect from 1 June 2006. |
24 Apr 2006 15:24:15
(Official Notice) | Nelson Nunes Rodrigues has resigned as Chief Financial Officer and Company Secretary, with effect from 25 April 2006 The appointment of the group's new Chief Financial Officer will be announced in due course. |
23 Mar 2006 14:59:37
(C) | Due to the adoption of IFRS (with effect from 1 July 2005) the comparative figures for the period ended 31 December 2004 have been restated,
Primeserv recorded an operating profit of R0.3 million compared to a restated operating loss of R2.0 million for the comparable previous period. The group continued to be affected by the loss incurred by the HR Solutions division. Net profit attributable to shareholders of R0.8 million improved by R4.3 million from a restated net loss attributable to shareholders of R3.6 million in the previous period. The group recorded headline earnings of 0.68cps compared to a headline loss of 3.06cps for the previous six months. Primeserv continued to generate positive cash flow of R0.8 million for the period, and R14.6 million since the previous period resulting in a net cash position of R5.7 million versus net borrowings of R8.8 million at 31 December 2004.
Dividend
In line with group policy, dividends will be considered at the end of the financial year. |
24 Jan 2006 16:21:37
(Official Notice) | All resolutions were past at the group's annual general meeting held on 24 January 2006. The special resolutions passed would be submitted for registration at the Registrar of Companies in due course.
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29 Dec 2005 08:36:34
(Official Notice) | The annual report containing audited financial statements for the company for the year ended 30 June 2005 has been dispatched to shareholders on Thursday, 29 December 2005. There has been no change from the audited results for the year ended 30 June 2005, released on SENS on 5 September 2005.
The annual report contains a notice of annual general meeting for the company, which will be held at 09:00 on Tuesday, 24 January 2006 at Primeserv HR Solutions, 2nd floor, Atrium Terraces, 272 Oak Avenue, Randburg. |
09 Dec 2005 14:29:43
(Official Notice) | Shareholders of Primeserv are referred to the cautionary announcement dated 25 November 2005 and are advised that the board of directors of Primeserv is satisfied that the circumstances which led to the issuance of the cautionary announcement no longer apply. Accordingly, shareholders no longer need to exercise caution when trading in their Primeserv shares. |
01 Dec 2005 16:04:39
(Official Notice) | Primeserv accordingly advises that management's review of the financial results expected for the six months ending 31 December 2005 has indicated that Primeserv will make a net profit before tax for the period. In the six months ended 31 December 2004, Primeserv made a net loss before tax of R2.5 million. As a result of this, there will be an improvement in headline earnings per share and earnings per share to between 0.57c and 0.68c. |
25 Nov 2005 14:56:40
(Official Notice) | Shareholders are advised that the board of directors of Primeserv have become aware of external information, which could have an effect on the price of the company's securities. Accordingly, shareholders are advised to exercise caution until a further announcement is made. |
05 Sep 2005 17:36:17
(C) | The group recorded a turnaround on the prior financial year, delivering an operating profit of R2.2 million compared to an operating loss of R3.5 million for the previous year. Group revenue including Bathusi Staffing Services (Pty) Ltd was flat at R399.3 million (R397.2 million). As anticipated the group`s results were negatively affected by the loss incurred by the HR Solutions division. However, these losses were substantially reduced in the second half of the financial year. The group`s cashflow was once again strongly positive at R6.1 million, which resulted in net cash resources of R4.9 million, up R6.1 million from R1.2 million in net borrowings in the previous year. Group debtors days improved favourably by 11 days to 25 days (36 days). The group`s balance sheet has strengthened from the prior year. The exceptional items of R1.5 million relate to the settlement of an historical vendor related agreement and the provision for a disputed claim with SARS as previously reported. The group is positively engaged with SARS in resolving the dispute. Net profit attributable to shareholders of R3.1 million improved substantially byR11.6 million from a net loss attributable to shareholders of R8.5 million in the previous year. This translates into the group recording a turnaround from a headline loss of 7.31 cents per share for the prior financial year to headline earnings of 0.26 cents per share for the current year.
Prospects
The group is committed to maximizing organic growth whilst seeking to expand its product and service offerings. Acquisition opportunities that are in line with the group`s strategy will be sought and evaluated. Where appropriate, further BEE initiatives will be considered where this provides the group with increased market opportunities. The group anticipates an improved performance for the year ahead. |
09 Jun 2005 17:28:48
(Official Notice) | Primeserv has advised that management`s review of the financial results expected for the year ending 30 June 2005 has indicated that Primeserv will make a net profit before tax for the period. In the year ending 30 June 2004, Primeserv made a net loss before tax of R9.95m. As a result of this, there will be an improvement in headline loss per share to between 2.25c and 2.03c and an improvement in earnings per share to between 0.05c and 0.27c, for the year ended 30 June 2005. The financial results of the company will be published on about 15 September 2005. |
11-Sep-2012
(X) | Primeserv Group Ltd. is an investment holding company listed in the Industrial Goods and Services, Business Training and Employment Agencies sector of the JSE.
The Group focuses on delivering human resources (HR) products, services and solutions through its operating pillar, Primeserv HR Services. This incorporates two main areas of specialisation: Human Capital Development operating through two divisions, Primeserv HR Solutions and Primeserv Colleges; and Human Capital Outsourcing operating through the Group's largest division, Primeserv Outsourcing.
These divisions provide a comprehensive HR value chain that can be applied through Primeserv's IntHRgrate Model in its entirety or in modular form. These divisions encompass an extensive range of HR consulting solutions and services, corporate and vocational training programmes, technical skills training centres, computer and business training colleges, as well as resourcing and flexible staffing services, supported by wage bureaus and HR logistics outsourcing operations.
Primeserv HR Services' integrated approach to human resources and human capital management is driven by its focus on people, their productivity and client performance. Its HR products, services and solutions empower people and organisations to attain improved levels of performance and profitability. |
