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02-Oct-2017
(Official Notice)
RFG announces the appointment of Ms B Njobe as an independent non-executive director to the board of RFG with effect from 28 September 2017.

05-Sep-2017
(Official Notice)
11-Aug-2017
(Official Notice)
The Company?s annual compliance report in terms of Section 13(G2)of the Act has been published and is available on the Company?s website: www.rhodesfoodgroup.com/about-us/bbbee-2
23-May-2017
(C)
Revenue for the interim period grew to R2.2 billion (R2.0 billion) and gross profit was higher at R583.4 million (R560.9 million). Profit attributable to owners rose to R123.9 million (R108.7 million). In addition, headline earnings per share increased to 53.4cps (49.6cps).



Company outlook

The group will continue to drive organic growth in the regional segment, maximise synergies from the recent acquisitions, grow brand shares and expand its presence in sub-Saharan Africa.



In the International segment management aims to grow sales to reverse the negative volume growth in the first half and to reduce inventory levels. The volatile Rand exchange rate continues to be a risk to performance of the International segment. While the International results benefited from the group's hedging strategy in the first half, this will have a reduced benefit in the second half.



The integration programmes for Pakco and Ma Baker are progressing well. The focus in Pakco is on extracting cost savings and synergies to enhance profitability in the short term, while improving manufacturing, distribution and marketing in the medium-term. The focus in Ma Baker is on extracting synergies with the pie, snacking and bakery businesses, and rationalizing operations, distribution and the product offer. Ma Baker is expected to be earnings accretive in the second half of the financial year.



Capital investment of R220 million is planned for the second half of 2017, including the upgrading of production facilities at Pakco and Ma Baker.
24-Mar-2017
(Official Notice)
Shareholders are referred to the announcement released on the Stock Exchange News Service of the JSE Ltd. (?SENS?) on 31 October 2016 (?Acquisition Announcement?) regarding the company?s wholly owned subsidiary, Rhodes Food Group (Pty) Ltd. ("Rhodes Food"), having concluded an agreement ("Agreement") relating to the acquisition by Rhodes Food of 100% of the issued share capital of Ma Baker Express (Pty) Ltd., Ma Baker Foods (Pty) Ltd., Ma Baker Properties (Pinetown) (Pty) Ltd., Ma Baker Properties (Pietermaritzburg) (Pty) Ltd. and Ma Baker Pies (Pty) Ltd. (collectively the ?Ma Baker Companies?) from the Ma Baker companies? shareholder, the trustees for the time being of the Norman Lund Trust (the "Seller") as well as all of the seller?s loan claims (?Sale Claims?) against each of the Ma Baker companies (the "Acquisition"), which acquisition was subject to the fulfilment or waiver of certain conditions precedent.



Further to the acquisition announcement, the company?s board of directors is pleased to advise that the Competition Commission has approved the Acquisition subject to the condition that Rhodes Food and the Ma Baker companies will not retrench any employees of the Ma Baker companies as a result of the acquisition.



As the remaining conditions precedent have been fulfilled, the acquisition has become unconditional. The effective date of the acquisition is 28 February 2017 and the closing date of the acquisition is 31 March 2017.



Shareholders are advised that the purchase consideration has been reduced by R4 500 000 (four million five hundred thousand Rand) and accordingly the purchase consideration payable by Rhodes Food to the seller is R207 740 000 (two hundred and seven million seven hundred and forty thousand Rand), less the outstanding balance in respect of third party debt at the closing date.







15-Mar-2017
(Official Notice)
Shareholders are referred to the announcement released on the Stock Exchange News Service of the JSE Ltd. (?SENS?) on 4 October 2016 (?Acquisition Announcement?) regarding the Company?s wholly owned subsidiary, Rhodes Food Group (Pty) Ltd. (?Rhodes Food?) having concluded an agreement relating to the acquisition by Rhodes Food of 100% of the issued share capital of Pakco from its shareholder ("Seller") as well as all of the shareholder?s loan claims against Pakco (the "Acquisition"), which acquisition was subject to the fulfilment or waiver, as the case may be, of certain conditions precedent.



Further to the Acquisition Announcement, the Company?s board of directors is pleased to advise that -

1. the Competition Commission has approved the Acquisition subject to the condition that Rhodes Food and Pakco shall not retrench any employees of Pakco as a result of the Acquisition; and

2. the JSE Ltd. has approved the listing of the Consideration Shares (as defined below) in terms of the Listings Requirements of the JSE Ltd.



As the remaining conditions precedent thereto have been fulfilled, the Acquisition has therefore become unconditional. The effective date of the Acquisition is 1 January 2017 and the closing date of the Acquisition is 22 March 2017.



Shareholders are advised that the purchase consideration has been reduced by an amount equal to R3 000 000 (three million rand) and accordingly the purchase consideration payable by Rhodes Food to the Seller is R197 000 000 (one hundred and ninety-seven million rand). The purchase consideration will be settled by way of the issue and allotment to the Seller of 7 762 018 ordinary shares in the share capital of RFG (?Consideration Shares?), at an issue price of R25.38.
09-Feb-2017
(Official Notice)
Shareholders are advised that, at the annual general meeting of the company held today, 9 February 2017, all the resolutions as set out in the notice of the annual general meeting were approved by the requisite majority of votes.



The special resolution/s will, where necessary, be lodged for registration with the Companies and Intellectual Property Commission in due course.
06-Dec-2016
(Official Notice)
Rhodes Food Group?s integrated annual report for the year ended 25 September 2016, which incorporates a summary of the audited consolidated financial statements for the period, has today been published on the group?s website at www.rhodesfoodgroup.com. The audited consolidated financial statements are also available on the website.



The integrated annual report will be mailed to those shareholders who have requested a copy from 12 December 2016.



The integrated annual report and audited consolidated financial statements contain no changes from the preliminary audited summarised consolidated results published on the Stock Exchange News Service of the JSE on 21 November 2016. The consolidated financial statements were audited by the group?s auditor, Deloitte - Touche. Their unqualified report is incorporated in the consolidated financial statements and is also available for inspection at the group?s registered office.



Annual General Meeting

Shareholders are advised that the annual general meeting (?AGM?) will be held at the offices of Rhodes Food Group, Pniel Road, Groot Drakenstein, Western Cape on Thursday, 9 February 2017, at 09:00, to transact the business as stated in the notice of AGM which is incorporated in the integrated annual report.



The record date for purposes of determining which shareholders are entitled to participate in and vote at the AGM is 3 February 2017. The last date to trade to be eligible to vote is 31 January 2017. The record date to determine which shareholders are entitled to receive the notice of annual general meeting is 2 December 2016. Forms of proxy for the annual general meeting to be lodged by 09:00 on Tuesday, 7 February 2017.
24-Nov-2016
(Official Notice)
Shareholders are referred to the announcement released on SENS on Wednesday, 23 November 2016 wherein, RFG announced the launch of an accelerated bookbuild offering of new ordinary shares (?Bookbuild Shares?) by way of a private placement to qualifying institutional investors outside the United States in reliance on Regulation S under the U.S. Securities Act of 1933, as amended (the ?Bookbuild?). RFG is pleased to announce that it has successfully closed and priced the Bookbuild.



25,000,000 Bookbuild Shares were placed with qualifying institutional investors at a price of R26.50 per Bookbuild Share for gross proceeds of R662.5 million. The issue price represents a 2.3% discount to the 30 day weighted average traded price of RFG ordinary shares, as at Wednesday, 23 November 2016. RFG will apply for admission of the Bookbuild Shares to trade on the Main Board of the JSE Limited (?JSE?). Subject to approval by the JSE, listing and trading of the Bookbuild Shares is expected to commence at 09h00 on Tuesday, 29 November 2016.
23-Nov-2016
(Official Notice)
21-Nov-2016
(C)
Revenue for the year grew to R4.1 billion (2015: R3.0 billion). Gross profit rose to R1.2 billion (2015: R842.9 million). Profit attributable to owners of the company was higher at R287.4 million (2015: R169.7 million). Furthermore headline earnings per share increased to 131.8 cents per share (2015: 77.4 cents per share).



Declaration of ordinary dividend

The board of directors has declared a gross cash dividend of 42.2 cents per share in respect of the year ended 25 September 2016 for holders of ordinary shares.



Outlook

The Group will seek to capitalise on its strong growth momentum by driving organic growth in the Fresh Foods and Long Life segments, grow brand shares, expand its presence in sub-Saharan Africa and maintain its focus on private label ranges produced for major retailers. Export volumes are expected to grow but the currency strength will have an adverse effect on the International segment.



The completion and integration of the Pakco and Ma Baker acquisitions are a priority for the Group. Management will continue to extract benefits from the other recent acquisitions through new and expanded ranges, and product innovation.



The severe drought and water shortages being experienced across the country had an adverse impact on the business in 2016. These factors remain a risk and could impact on the Group's production costs and volumes in the year ahead if there is no improvement in climatic conditions.



Capital expenditure of R250 million is planned for 2017 for the continued upgrading of production facilities and ongoing investment in capacity expansion. The Group will continue to pursue its strategy of complementing organic growth with value accretive acquisitions. The Group continually reviews its capital structure and funding needs to ensure it has the necessary capacity to pursue growth opportunities. This may include accessing the capital markets at an opportune time, should additional capital raising be deemed appropriate.



21-Nov-2016
(Official Notice)
Shareholders are advised that following the release of the group?s annual results for the year ended 25 September 2016 on SENS, the investor presentation is available on the group?s website www.rhodesfoodgroup.com under Investor Relations.



Live and recorded webcast

The investor presentation will be webcast live from 09:00 SA time (07:00 GMT) today and will be available at the following link: www.corpcam.com/Rhodes21112016



The recording of the webcast will be available at the same link shortly after the presentation.



Call for international investors

Management will be hosting a call for international investors at 15:30 SA time (13:30 GMT) today, Monday 21 November 2016.



*South Africa (Toll Free) - 0800 985 888

*South Africa (Local) - 031 819 7008

*United Kingdom (Local) - 020 3059 8133

*United States (Local) - 1 724 928 9460

*All other locations - +44 20 3059 8133



Participants must please state they wish to join the Rhodes Food Group Holdings Results Presentation to access the call. No password is required.





14-Nov-2016
(Official Notice)
Shareholders are advised that the group expects the following increase in earnings for the year ended 25 September 2016:



Year ended 27 September 2015 Reported (cents) - Year ended 25 September 2016 Expected Range (cents)

* Earnings per share (EPS) : 77.1 - 67% - 72% higher - 128.8 ? 132.6

* Headline earnings per share (HEPS) : 77.4 - 67% - 72% higher - 129.3 ? 133.1

* Diluted HEPS : 74.4 - 67% - 72% higher - 124.2 ? 128.0



The group?s financial results for the year ended 25 September 2016 will be released on the Stock Exchange News Service of the JSE on 21 November 2016.
31-Oct-2016
(Official Notice)
04-Oct-2016
(Official Notice)
02-Jun-2016
(Media Comment)
Financial Mail reported that since its listing in October 2014, Rhodes Food Group's share price is up by 90% and has the highest p:e in its sector of 21.7. The listing has enabled Rhodes to reduce its debt by R420 million, giving it room in its balance sheet to grow through acquisitions and organic growth. This is evident in the HEPS increase of 137% for the year ending September 2015 followed by a 37% rise for the six months ending March 2016. Acquisitions in the last six months have also boosted the group's results. Rhodes' competitive advantage is that new product additions and acquisitions that would otherwise be of minor significance to its larger competitors' bottom lines, have the opposite effect for Rhodes. The group which is one of the leaders in niche market foresees future growth through bolt-on acquisitions.

23-May-2016
(C)
Revenue for the interim period grew to R1.988 billion (2015: R1.295 billion). Gross profit increased to R560.9 million (2015: R357.1 million). Profit before interest and taxation improved to R187.5 million (2015: R104.2 million). Profit attributable to owners of the company was recorded at R109.8 million (2015: R58.9 million). Furthermore, headline earnings per share increased to 50.1 cents per share (2015: 26.7 cents per share).



Dividend

In line with the practice adopted in 2015 of only paying an annual dividend, the board plans to declare a dividend for the financial year to 25 September 2016, payable early in 2017, based on a dividend cover ratio of three times diluted headline earnings per share.



Outlook

The group will continue to drive organic growth through gaining market share and entering new product categories in both the Fresh Foods and Long Life Foods segments. This will be supported by the ongoing focus on producing select private label ranges for major retailers. Momentum will be maintained on expanding the group's presence in Sub-Saharan Africa and growing the International business.



The recent acquisitions should perform strongly in the second half and entrench the group's position in the new categories of fruit juice, baby food, bottled salads and pickles, and bakery products.



In the current inflationary environment management will continue to monitor the impact of price increases on volumes.



The severe drought affecting major parts of South Africa has until now had a limited impact on the business. However, if the situation persists, this could impact on the group's production costs and volumes in the second half.



Capital expenditure of R150 million is planned for the second half of 2016 for the continued upgrading of production facilities and ongoing investment in capacity expansion.



03-May-2016
(Official Notice)
Shareholders are advised that the group expects the following increase in earnings for the six months ended 27 March 2016:

Six months ended 29 March 2015 Reported - Six months ended 27 March 2016 Expected Range

* Earnings per share (EPS) : 26.7c - 85% - 90% higher 49.4c ? 50.7c

* Headline earnings per share (HEPS) : 26.7c - 85% - 90% higher 49.4c ? 50.7c

* Diluted HEPS : 25.7c - 85% - 90% higher 47.5c ? 48.8c



Normalised earnings, excluding the one-off listing costs of R21.8 million in the 2015 period, are expected to be as follows:

Six months ended 29 March 2015 Reported Six months ended 27 March 2016 Expected Range

* Normalised EPS : 36.6c - 35% - 40% higher 49.4c ? 51.2c

* Normalised HEPS : 36.6c - 35% - 40% higher 49.4c ? 51.2c

* Normalised diluted HEPS : 35.1c - 35% - 40% higher 47.4c ? 49.1c



The group?s financial results for the six months ended 27 March 2016 will be released on the Stock Exchange News Service of the JSE on 23 May 2016.
11-Feb-2016
(Official Notice)
Shareholders are advised that, at the annual general meeting of the company held today, 11 February 2016, all the resolutions as set out in the notice of the annual general meeting were approved by the requisite majority of votes.
11-Dec-2015
(Official Notice)
Rhodes Food Group?s integrated annual report for the year ended 27 September 2015, which incorporates a summary of the audited consolidated financial statements for the period, has been published on the group?s website at www.rhodesfoodgroup.com. The audited consolidated financial statements are also available on the website. The integrated annual report will be mailed to those shareholders who have requested a copy from Monday, 15 December 2015.



The integrated annual report and audited consolidated financial statements contain no changes from the preliminary audited summarised consolidated results published on the Stock Exchange News Service of the JSE on 23 November 2015. The consolidated financial statements were audited by the group?s auditor, Deloitte - Touche. Their unqualified report is incorporated in the consolidated financial statements and is also available for inspection at the group?s registered office.



Annual general meeting

Shareholders are advised that the annual general meeting (?AGM?) will be held at the offices of Rhodes Food Group, Pniel Road, Groot Drakenstein, Western Cape on Thursday, 11 February 2016, at 09:00, to transact the business as stated in the notice of AGM which is incorporated in the integrated annual report. The record date for purposes of determining which shareholders are entitled to participate in and vote at the AGM is 5 February 2016. The last date to trade to be eligible to vote is 29 January 2016.
07-Dec-2015
(Official Notice)
Shareholders are referred to the announcement released on the Stock Exchange News Service of the JSE Ltd. on 2 November 2015 regarding the acquisition by the company?s wholly owned subsidiary, Rhodes Food Group (Pty) Ltd., of the business assets of Alibaba (the ?Acquisition?), which was subject to the fulfillment of certain conditions precedent (?Acquisition Announcement?).



Further to the Acquisition Announcement, the company?s board of directors is pleased to advise that all conditions precedent have been fulfilled and the Acquisition has become unconditional. The effective date of the Acquisition is 1 February 2016.
04-Dec-2015
(Media Comment)
Financial Mail reported that Rhodes' share price is currently 115% above its issue price. The group was listed in October 2014. Rhodes has the potential to deliver strong results through its product range and strategic acquisitions. Its acquisitions of Pacmar for R165 million and Boland Pulp for R174 million have enabled the group to enter the fruit juice industry in its past financial year. 30% of the group's revenue is from the export market in the UK and Australia and 10% from Africa. Rhodes also acquired General Mills SA which produces Pillsbury bakery products and Alibaba an Indian food specialist. Rhodes on going acquisition strategy will add 20% to its revenue in the coming year.
24-Nov-2015
(Media Comment)
According to Business Report Rhodes Food reported substantial improvement in annual profit, which the company attributed to market share gains and growth in its new channels and an improvement in its international division. Rhodes Group indicated that the group would continue to drive organic growth through gaining market share in both fresh foods and long life segments. Rhodes aims to complete its organic growth strategies by acquiring food producers in aligned product categories or those that can facilitate entry into new product categories.
23-Nov-2015
(C)
Revenue for the year increased to R3 billion (2014: R2.4 billion). Gross profit rose to R842.9 million (2014: R654.1 million), profit attributable to owners of the company soared to R169.7 million (2014: R81.9 million), while headline earnings per share grew to 77.4cps (2014: 47.5cps).



Declaration of ordinary dividend

The board of directors has declared a maiden gross cash dividend of 24.8cps in respect of the year ended 27 September 2015 for holders of ordinary shares.



Outlook

The Group will continue to drive organic growth through gaining market share in both the Fresh Foods and Long Life segments, realising the benefits of the ongoing turnaround in Bull Brand and increasing sales in sub-Saharan Africa. The acquisitions concluded during 2015 will all be earnings accretive from 2016. The two major acquisitions, Pacmar and Boland Pulp, have both performed well since being integrated and are expected to perform strongly in the 2016 financial year. The acquisition of General Mills is expected to be effective from 30 November 2015 and Alibaba from 1 February 2016.



The business generates strong operating cash flows and has capacity to raise debt to fund capital expenditure and the acquisitions announced to date. The board may consider additional sources of funding for future investments, including material acquisitions. Capital expenditure of R252 million is planned for 2016 for the ongoing investment in capacity expansion and the upgrading of production facilities.
13-Nov-2015
(Official Notice)
Shareholders are advised that the group expects the following increase in earnings for the year ended 27 September 2015:

*Earnings per share (EPS): 105% - 110% higher 76.3c - 78.1c

*Headline earnings per share (HEPS): 108% - 113% higher 76.8c - 78.6c

*Diluted HEPS: 108% - 113% higher 73.8c - 75.6c



The earnings guidance is calculated assuming that the 221 million shares in issue post the listing of the group on the JSE on 2 October 2014 applied in both the 2014 and 2015 periods.



Normalised earnings, excluding the one-off listing costs of R21.8 million in the 2015 period, are expected to be as follows:

*Normalised EPS: 132% - 137% higher 86.3c - 88.2c

*Normalised HEPS: 135% - 140% higher 86.7c - 88.6c

*Normalised diluted HEPS: 133% - 138% higher 82.7c - 84.5c



The information in this trading statement has not been reviewed and reported on by the group's independent external auditors.



The group's financial results for the year ended 27 September 2015 will be released on the Stock Exchange News Service of the JSE on 23 November 2015.

03-Nov-2015
(Media Comment)
According to Business Day Rhodes Food Group, maker of canned fruit and ready meals indicated it would buy business assets of food manufacturer Alibaba for R42 million. The acquisition further strengthens Rhodes Food's position in the bakery and snacking category, particularly through the convenience channel.
02-Nov-2015
(Official Notice)
01-Oct-2015
(Official Notice)
04-Sep-2015
(Official Notice)
Shareholders are referred to the announcement released on SENS on 20 February 2015 (?Acquisition Announcement?) regarding the Company?s wholly owned subsidiary, Rhodes Food Group (Pty) Ltd. (?Rhodes Food?) having concluded an agreement relating to the acquisition by Rhodes Food of the business assets of Deemster from Deemster (?Deemster Acquisition?), which acquisition was subject to the fulfilment or waiver, as the case may be, of certain conditions precedent.



Shareholders are further referred to the announcement released on SENS on 31 July 2015 (?Supplementary Announcement?) regarding Rhodes Food and Deemster having received a notification from the Competition Commission (?Notice?) requesting that, in terms of section 13(3) of the Competition Act and the Competition Commission Rule 25, Rhodes Food and Deemster are required to notify the Competition Commission of the Deemster Acquisition as a proposed merger, within 20 business days after receipt of the Notice.



Further to the Acquisition Announcement and the Supplementary Announcement, the Company?s board of directors is pleased to advise that the Competition Commission has approved the Deemster Acquisition and the remaining conditions precedent thereto have been fulfilled (or waived, as the case may be), and the Deemster Acquisition has therefore become unconditional. The effective date of the Deemster Acquisition is 1 October 2015.
31-Jul-2015
(Official Notice)
01-Jun-2015
(Official Notice)
Shareholders are referred to the announcement released on the Stock Exchange News Service of the JSE Ltd. on 11 May 2015 regarding the acquisition by the company?' wholly owned subsidiary, Rhodes Food Group (Pty) Ltd., of the business assets of Saint Pie (Pty) Ltd. ("Saint Pie") (the "Acquisition"), which was subject to the fulfillment of certain conditions precedent ("Acquisition Announcement").



Further to the Acquisition Announcement, the company's board of directors is pleased to advise that all conditions precedent have been fulfilled and the Acquisition has become unconditional. The effective date of the Acquisition is 1 June 2015.
25-May-2015
(C)
The following results are the company's maiden interim results. Revenue for the year came in at R1.3 billion. Gross profit was R357.1 million. Earnings before interest and tax were R104.2 million. Earnings attributable to owners of R58.9 million were recorded. In addition, headline earnings per share was 26.7cps.



Dividend

The company did not declare any dividend for the six-month period ended 29 March 2015.



Outlook

The group will continue to drive organic growth and grow market share in both the Fresh Foods and Long Life segments while realising the benefits of the ongoing turnaround in Bull Brand, increasing sales in Sub-Saharan Africa and ensuring a strong performance from the international division in the second half.



Following the acquisition of Pacmar, the business will be integrated into the group's Long Life division, with the short-term focus on increasing production capacity and growing market share both regionally and internationally. The acquisitions of Boland Pulp, Boland Pulp Properties and Deemster are currently being finalised and are expected to be effective by 1 July 2015. The effective date of the Saint Pie transaction is expected to be 1 June 2015. These acquisitions are all subject to conditions precedent, including approval from the competition authorities for Boland Pulp.



The pipeline of potential acquisitions is encouraging and management will continue to seek opportunities to acquire food producers that are aligned to the group's core products, or that provide entry into new product categories.



The business generates strong operating cash flows and has capacity to raise debt to fund capital expenditure and the acquisitions announced to date. The board may consider additional sources of funding for future investments, including material acquisitions.



Capital expenditure of R100 million is planned for the second half of 2015 for the ongoing investment in capacity expansion and the upgrading of production facilities.



The directors plan to declare the first dividend for the financial year to September 2015, payable early in 2016, based on a dividend cover ratio of three times diluted HEPS.
11-May-2015
(Official Notice)
05-May-2015
(Official Notice)
In terms of the Listings Requirements of the JSE Ltd. ("JSE"), companies are required to publish a trading statement as soon as they are satisfied with a reasonable degree of certainty that the financial results for the reporting period will differ by at least 20% from the financial results for the previous corresponding reporting period.



Shareholders are advised that the group expects the following increase in earnings:

Earnings per share (EPS): 53% - 58% higher 26.2c - 27.0c

Headline earnings per share (HEPS): 55% - 60% higher 26.2c - 27.0c



The earnings guidance is calculated assuming that the 221 million shares in issue post the listing of the group on the JSE on 2 October 2014 applied in both the 2014 and 2015 periods.



Normalised earnings, excluding the one-off listing costs of R21.8 million in the 2015 period, are expected to be as follows:

Normalised EPS: 111% - 116% higher 36.1c - 36.9c

Normalised HEPS: 114% - 119% higher 36.1c - 36.9c



The information in this trading statement has not been reviewed or reported on by the group's independent auditor.



The group's interim results for the six months ended 29 March 2015 will be released on the Stock Exchange News Service of the JSE on 25 May 2015.
02-Apr-2015
(Official Notice)
Shareholders are referred to the announcement released on the Stock Exchange News Service of the JSE Ltd. on 7 January 2015 regarding the acquisition by the Company?s wholly owned subsidiary, Rhodes Food Group (Pty) Ltd., of 100% of the issued share capital of Pacmar (Pty) Ltd. (?Pacmar?) (?the Acquisition?), subject to the fulfillment of certain conditions precedent (?Acquisition Announcement?).



Further to the Acquisition Announcement, the Company?s board of directors is pleased to advise that all conditions precedent have been met and the Acquisition has become unconditional. The effective date of the Acquisition is 1 April 2015.
20-Feb-2015
(Official Notice)
12-Feb-2015
(Official Notice)
Shareholders are advised that, at the annual general meeting of the company held on 12 February 2015, all the resolutions as set out in the notice of the annual general meeting were approved by the requisite majority of votes.



The special resolution/s will, where necessary, be lodged for registration with the Companies and Intellectual Property Commission in due course.
07-Jan-2015
(Official Notice)
11-Dec-2014
(Official Notice)
No change statement and notice of Annual General Meeting



Integrated annual report

Rhodes Food Group's integrated annual report for the year ended 28 September 2014, which incorporates a summary of the audited consolidated financial statements for the period, has today been published on the group's website at www.rhodesfoodgroup.com. The audited consolidated financial statements are also available on the website.



The integrated annual report will be mailed to those shareholders who have requested a copy from Monday, 15 December 2014.



The integrated annual report and audited consolidated financial statements contain no changes from the preliminary audited summarised consolidated results published on the Stock Exchange News Service of the JSE on 25 November 2014. The consolidated financial statements were audited by the group?s auditor, Deloitte - Touche. Their unqualified report is incorporated in the consolidated financial statements and is also available for inspection at the group?s registered office.



Annual general meeting

Shareholders are advised that the annual general meeting ("AGM") will be held at the offices of Rhodes Food Group, Pniel Road, Groot Drakenstein, Western Cape on Thursday, 12 February 2015, at 09:00, to transact the business as stated in the notice of AGM which is incorporated in the integrated annual report.



The record date for purposes of determining which shareholders are entitled to participate in and vote at the AGM is 6 February 2015. The last date to trade to be eligible to vote is 30 January 2015.

25-Nov-2014
(C)
Rhodes Food Group have released their maiden preliminary results for September 2014, therefore there are no comparatives. Revenue amounted to R2.4 billion, while gross profit was recorded at R654.1 million. Earnings attributable to owners of the company came in at R81.9 million. Headline earnings per share was at 47.5cps.



Dividend

The directors plan to declare the first dividend for the financial year to September 2015, payable early in 2016, based on a dividend cover ratio of three times diluted HEPS.



Outlook

The group will continue to capitalise on the strength of its brands and long-term customer relationships to drive organic growth and grow market share in both the Fresh Foods and Long Life segments. This will be supported by further expansion into Sub-Saharan Africa. Bull Brand is expected to increase its revenue and profit contribution as the benefits of integration into the group's operations and the upgrading of facilities become evident. Management plans to complement the organic growth strategy by pursuing selective acquisition opportunities of other food producers that are aligned to the group's core products. As 35% of revenue is generated through exports, managing the volatility of the Rand is a perennial challenge. The group will maintain its hedging policy to limit the impact of currency fluctuations on earnings. The settlement of debt with capital raised through the listing will result in an annual interest saving of approximately R76 million, while the settlement of preference share funding will reduce the group's tax rate to approximately 30% in 2015. Capital expenditure of R129 million is planned for 2015 for the ongoing investment in capacity expansion and the upgrading of production facilities aimed at improving margins.
13-Nov-2014
(Official Notice)
Shareholders are advised that the group expects earnings per share ("EPS") for the year ended 28 September 2014 ("the period") to be between 117% (19.8 cents) and 122% (20.6 cents) higher than the 16.9 cents for the corresponding period last year. Headline earnings per share ("HEPS") for the period is anticipated to be between 125% (20.1 cents) and 130% (20.9 cents) higher than the 16.1 cents in the comparative period.



This guidance is calculated assuming the 221 million shares in issue post the listing of the group on the JSE on 2 October 2014 applied in both the 2013 and 2014 financial years.



Normalised EPS, adjusting for the one-off group restructuring costs of R22.2 million in the prior period, is expected to be between 35% (9.4 cents) and 40% (10.8 cents) higher than the 26.9 cents in the prior period. Normalised HEPS on the same basis is anticipated to be 38% (10.0 cents) to 43% (11.3 cents) higher than the 26.2 cents in 2013.



Shareholders should note that the results for the period include the Bull Brand business for 12 months compared to only two months in the prior financial year to September 2013.



The group's annual results for the year ended 28 September 2014 will be released on SENS on 25 November 2014.
03-Nov-2014
(Official Notice)
RFG announced that, in connection with the initial offering of 92 750 000 ordinary shares (the "Offer"), Rand Merchant Bank (a division of FirstRand Bank Ltd.), as stabilising manager and on behalf of the Joint Bookrunners of the Offer, has given notice that it will exercise, in respect of 2 699 158 ordinary shares, the over-allotment option granted by Capitalworks. Post the exercise of the over-allotment option by the stabilisation manager, the Company will continue to have a total of 221 000 000 ordinary shares in issue. The stabilisation period commenced at 09h00 on 2 October 2014 and ended at 17h00 on 31 October 2014.
23-May-2016
(X)
RFG, based in Groot Drakenstein in South Africa's Western Cape Province, is an internationally- recognised food producer offering quality prepared meal solutions in fresh, frozen and long-life formats for distribution in Southern Africa and in selected international markets. The company has processing and agricultural operations in South Africa and Swaziland and focuses on the "soil to shelf" quality control process which ensures that its products are of the highest standard. The company's product range comprises canned fruit, jam, vegetable and meat products, chilled ready-made meals, pies, pastries and dairy products. RFG has a growing portfolio of strong brands, including Rhodes, Magpie, Bull Brand, Hazeldene, Portobello and Trout Hall, complemented by several private label product ranges packed for premium domestic and international retailers. In addition, the Company has an exclusive arrangement with Woolworths to provide its ready-made meals on a national basis and to supply Ayrshire dairy products in the Western Cape and Eastern Cape.



RFG distributes its diverse range of fresh and canned food products through an extensive and sophisticated distribution network which grants RFG access to a broad range of local and international customers. RFG's business platform integrates key value-added support services, such as quality control, logistics and supply chain management. RFG's market penetration, coupled with its value-added product offering, positions RFG to exploit attractive opportunities for organic and acquisitive growth.



The company's operations are split into the Regional and International business segments. The Regional Segment, which accounts for approximately 65% of revenue, covers South Africa and other Sub-Saharan countries, including Botswana, Lesotho, Mozambique, Namibia, Swaziland, Zambia and Zimbabwe. Sales in this segment are diversified across the entire product range, with South Africa accounting for the majority of sales. The International Segment exports mainly canned fruit and fruit juice pur?es and concentrates, with the main export markets being Europe, the Far East, USA, Canada, Australasia, Russia and the Middle East.


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