The company also provides white and brown sugar products under the Huletts, SunSweet, and Blue Crystal brands. Durban, South Africa Developed and implemented standardised Procurement and Supply Chain governance (across South . TON is trading above our estimate of fair value. Meantime, all five Tongaat Hulett nonexecutive directors have resigned with immediate effect from the board and the various board committees on which they served. However, it said its other operations would continue to trade uninterrupted. After last week's 16% share price gain to R10.00, the stock is trading at a trailing P/E ratio of 4.7x, up from the previous P/E ratio of 4x. -, Tongaat Hulett : Board approves capital restructuring, Tongaat Hulett : Disclosure of disposal of securities by PSG Asset Management (Pty) Ltd. An unknown buyer acquired an unknown stake in Tongaat Hulett Limited from PSG Asset Management Ltd. An unknown buyer acquired an unknown stake in Tongaat Hulett Limited from PSG Asset Man.. Tongaat Hulett : Restructuring plan timimg set; request made to jse to suspend share tradi.. Tongaat Hulett : Request for temporary suspension, delayed distribution of the annual repo.. Tongaat Hulett : Disclosure of acquisition of securities. Insufficient data to determine if TON's year-on-year earnings growth rate was positive over the past 5 years. Reducing Debt: TON's debt to equity ratio has increased from 76% to 973.6% over the past 5 years. The South African market is up 2.0% over the last 90 days, indicating the company outperformed over that time. See Also Aviation Other financial metrics that can be useful for relative valuation. Stable Share Price: Insufficient data to determine TON's volatility over the past 3 months. Mr Nel previously indicated to the Board that he would step down as a director in the future, but that he would first assist and see through the finalisation and approval of the Capital Restructuring Plan, which was approved by the Board on 14 October 2022. Tongaat Hulett Limited(JSE:TON) dropped from FTSE All-World Index (USD), Tongaat Hulett Limited announced that they will report first half, 2021 results on Dec 11, 2020. The board of directors of Tongaat Hulett approved a proposed restructured plan for the company on Oct. 14, according to News 24. It is also focussing on cost efficiencies, working capital improvement, interest savings and reduction in capex, which it expects will lead to a R3bn cash flow improvement and debt reduction. Mr. von Zeuner has consequently resigned as chairman but will remain on the Board to assist with a smooth transition and handover until 30 June 2022. Which metric is best to use when looking at relative valuation for TON? Notable Dividend: Unable to evaluate TON's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts. As of June 26, 2020, Competition Commission of South Africa recommended the Tribunal to approve the transaction. - Group wide transformation and alignment of information strategy and capability. End-of-day quote Johannesburg Stock Exchange However, it makes it clear that both management and auditors need more certainty around debt refinancing and balance sheet restructuring. Copyright 2022 Surperformance. TON is good value based on its Price-To-Sales Ratio (0x) compared to the African Food industry average (0.7x). Two independent non-executive directors, Stephen Beesley and Fatima Daniels stepped down from their positions as directors. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. He had b Show more. The funding capacity of KLL Group Proprietary Limited remains healthy as management continues to focus on actively reviewing and monitoring all facilities on an ongoing basis and remain confident of the good liquidity position. Tongaat Hulett is agriculture. Graham is a Fellow of the Institute of Chartered Accountants in Australia and New Zealand and has a wealth of business experience in multiple jurisdictions including Malawi, Australia, Swaziland, South . Confirming the validity of tax . Price-To-Sales vs Peers: TON is good value based on its Price-To-Sales Ratio (0x) compared to the peer average (0.4x). Tongaat Hulett ("Tongaat" or "the Company") today announced that the critical next step in delivering the comprehensive restructuring strategy to reduce its excess debt to sustainable levels and ensure the sustainability of the group has been completed. 337927). (Exco) and the board of directors. This has caused Tongaat not to release its results for the financial year, which began March 31 and ended July 31, as required by the Johannesburg Stock Exchange (JSE). Insufficient data to determine if TON has enough. Tongaat Hulett Limited is a food processing group organized around 2 families of products: - sugar (72.2% of net sales); - starch (22.5%). David Noko appointed interim chair Tongaat Hulett said David Noko, who has been serving as lead non-executive director on the board since July 1, 2020, will assume the role as interim chair. The company was formed as a result of a merger between the Tongaat Sugar Company founded by Edward Saunders and Hulett's Sugar founded in 1892 by Liege Hulett. There will be a single consolidated determination by the Independent Expert and the sole dispute to be decided by the Independent Expert is whether or not a MAC has occurred. The KwaZulu-Natal-based sugar production giant is facing an uncertain future due to corruption that crippled its finances over . Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months. The remaining sales (5.3%) are from land and residential, commercial and industrial real estate asset management activity. There are 7 new directors who have joined the board in the last 3 years. The deal is expected to be completed in third quarter of 2020. The board of directors of Tongaat Hulett Limited announced that Mr. GJ (Graham) Clark has been appointed as an independent non-executive director of the Company with effect from 21 April 2022. and see if the CEOs compensation is within a reasonable range, who is on the board and if insiders have been trading lately. All five Tongaat Hulett nonexecutive directors have resigned just a week after the debt-laden sugar manufacturer went into business rescue. Tongaat Over the last 3 years on average, earnings per share has increased by 59% per year but the companys share price has fallen by 55% per year, which means it is significantly lagging earnings. The near collapse of Tongaat Hulett under high debt levels . Four directors were "switched out" and the then chair Bahle Sibisi was replaced by Louis von Zeuner, who was an independent non-executive director at the time. Tongaat Hulett. Full year 2021 results: Revenue: R14.9b (down 3.0% from FY 2020). Net loss: R929.0m (loss widened 240% from FY 2020). He only ran for less than 115 seconds on the track. Experienced Management: TON's management team is considered experienced (3.5 years average tenure). Release Date: 03/11/2022 16:00 Code(s): TON PDF: TON PDF: Graham has extensive expertise in the sugar industry, having worked at Lonrho Sugar Corporation in Malawi and Swaziland (Group Chief Financial Officer), and served as Group Managing Director of Illovo Sugar Limited, Group Chief Executive Officer (CEO) of Dangote Sugar Refinery PLC, Group CEO of Fiji Sugar Corporation Limited and Chairman of London Sugar Group. Insufficient data to determine if TON's dividends per share have been stable in the past. Significantly Below Fair Value: TON is trading above our estimate of fair value. ISIN ZAE000096541. Forecast Cash Runway: Insufficient data to determine if TON has enough cash runway if its free cash flow continues to grow or shrink based on historical rates. Get our daily newsletter directly in your email. Graham has extensive expertise in the sugar industry, having worked at Lonrho Sugar Corporation in Malawi and Swaziland (Group Chief Financial Officer), and served as Group Managing Director of Illovo Sugar Limited, Group Chief Executive Officer (CEO) of Dangote Sugar Refinery PLC, Group CEO of Fiji Sugar Corporation Limited and Chairman of London Sugar Group. - End to end delivery of new management information capability (Qlik Sense) across the group. (-140.43%), as it is currently unprofitable. The company is up 33% from its price of R5.18 on 21 August 2020. Share code: TON. Tongaat Hulett was founded in 1875 and is headquartered in South Africa. Tongaat Hulett is an agriculture and agri-processing business company. Short Term Liabilities: TON's short term assets (ZAR10.1B) do not cover its short term liabilities (ZAR12.5B). The company is up 5.0% from its price of R5.86 on 25 June 2020. It offers refined sugarcane and maize-based carbohydrate products. Tongaat Hulett is pleased to announce the appointment of Mr Stephen Beesley as an independent non-executive director to the Board, with effect from 17 June 2014. The board of directors of Tongaat Hulett Limited announced that Mr. GJ (Graham) Clark has been appointed as an independent non-executive director of the Company with effect from 21 April 2022. Your email address will not be published. The company had its origins on the North coast of KwaZulu-Natal, specifically the town of Tongaat. You can cancel anytime and if you cancel within 14 days you won't be billed. Price-To-Sales vs Industry: TON is good value based on its Price-To-Sales Ratio (0x) compared to the African Food industry average (0.7x). Cash Flow Coverage: Unable to calculate sustainability of dividends as TON has not reported any payouts. Compensation vs Earnings: John's compensation has been consistent with company performance over the past year. continues to grow or shrink based on historical rates. It also outperformed the Food industry, which is down 5.0% over the same period. On Thursday, the company revealed that its five remaining non-executive directors of Tongaat Hulett Andile Sangqu, David Noko, Louisa Stephens, Robin Goetzsche and Graham Clark had. Mr Noko has an HND in Mechanical Engineering, an MDP and an MBA, and is the lead advisor at his consultancy company, ESG Advisory Limited. Therefore, the transaction cannot complete until such time as it has been finally determined whether or not a material adverse change has occurred. Full year 2021 results: Revenue: R14.9b (down 3.0% from FY 2020). Long Term Liabilities: TON's short term assets (ZAR10.1B) exceed its long term liabilities (ZAR3.3B). John's compensation has been consistent with company performance over the past year. The transaction is still subject to the approval of Indonesia's competition authorities and other suspensive conditions remain to be fulfilled, including inter alia lender consents. Magister is led by Hamish Rudland, the brother of controversial tobacco tycoon Simon Rudland, who is a shareholder of Gold Leaf Tobacco. What is TON's PS Ratio compared to its Fair PS Ratio? How does TON's PS Ratio compare to its peers? In January this year Tongaat's shareholders gave it the greenlight to access new credit lines, which will help keep the company afloat for now. Quality Earnings: TON is currently unprofitable. Earnings vs Industry: TON is unprofitable, making it difficult to compare its past year earnings growth to the Food industry (7.6%). According to a statement by the company, the board of directors had approved Insufficient data to determine if TON's dividend payments have been increasing. Demonstrated success in managing a large workload whilst maintaining high standards of work outputs and ensuring quick turnaround time, able to work in a . Johannes Gouws, Tony Katz and Peter Bradshaw of DLA Piper acted as legal advisors to Barloworld Limited. The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Tongaat Hulett makes a variety of refined carbohydrate products from sugar cane and maize through its sugar and starch businesses in Southern Africa. ? The directors who left at the end of September last year were Rachel Kupara; Thandeka Mgoduso; Brand Pretorius and Tomaz Salomo. DURBAN - Tongaat Hulett has announced the resignation of its board chairperson, Louis von Zeuner. The company is down 2.0% from its price of R5.10 on 24 April 2020. The fraud charges relate to sales of . This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors. Only last month Tongaat said it had asked the JSE to lift its share. Total return to shareholders over the past three years is a loss of 91%. All five Tongaat Hulett nonexecutive directors have resigned just a week after the debt-laden sugar manufacturer went into business rescue. This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data. KLL Group will retain the management team and employees post the acquisition. BACK TO SENS TONGAAT HULETT LIMITED - Board approval of the capital restructuring plan, feedback on liquidity and further cautionary 14 October 2022 17:00 In July of this year, Tongaat Hulett, announced that it remains focused on the financial restructuring plan, which is subsequently to be presented to the Board of Directors for approval. KwaZulu-Natal, South Africa . It is believed that the approval of this plan will pave the way for improved liquidity levels and reduce Tongaats debt to sustainable levels. The vote on the rights issue took place at a special or. Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. operates in a complex and dynamic environment characterized by . Revenue has declined by 11.8% over the past year, Latest financial reports are more than 6 months old, Does not have a meaningful market cap (ZAR546M). It is believed that the approval of this plan will pave the way for improved liquidity levels and reduce Tongaat's debt to sustainable levels. Mr Les Munro (former Finance Executive of Tongaat Hulett SA Sugar) Mr Murray Munro (former Chief Financial Officer of THL) Mr Raphael Pfunye (Zimbabwe Sugar Sales Finance Executive) Mr Sean Slabbert (former Finance Executive of THL) Mr Peter Staude (former Chief Executive Officer of THL). In December last year Fin24 reported that Tongaat Hulett faced material liquidity uncertainty, but that its board and management team were hopeful they could steer the business back to sustainability. All nonexecutive directors quit debt-laden Tongaat. The Board has commenced a process of identifying a suitable replacement and shareholders will be advised as soon as such appointment has been made. But as Tongaat Hulett has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions. Over 14 000 jobs at risk as Tongaat Hulett misses payment deadline. A final and binding determination is anticipated by September 21 2020. The Tongaat Hulett Board accepted the resignation and expressed its gratitude for his valuable contribution as a director of the company, and congratulated him on this important appointment. Tongaat Hulett Limited announced that they will report fiscal year 2020 results on Jul 31, 2020. Question 1 Agri-processing company Tongaat Hulett combines integrated elements of land management, real estate development, and agriculture. have bought more shares than they have sold in the past 3 months. After last week's 20% share price decline to R7.99, the stock trades at a trailing P/E ratio of 3.7x. As on October 5, 2020, the transactio is expected to complete on October 31, 2020. Tongaat Hulett has announced the completion of the critical next step in delivering a restructuring strategy to reduce its excess debt and ensure the group's sustainability. to determine TON's volatility change over the past year. And the . Rothschild & Co South Africa Proprietary Limited. The companys lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Tongaat Hulett Limited announced that Mr. Louis von Zeuner, the current chairman of the Company, has advised the Board that he is not available for re-election at the next Annual General Meeting due to a change in hispersonal circumstances. So far, the audit giant has not taken the high road, argues Simon Mantell. As of June 8, 2020, the Committee Responsible for Initial Determination (CID) of COMESA Competition Commission approved the transaction. Unless specified all financial data is based on a yearly period but updated quarterly. The four independent non-executive directors appointed at the time were Andile Sangqu; Linda De Beer; Jean Nel and Robin Goetzsche. Tongaat Hulett Limited. The exodus comes a week after the start of business rescue. Fin24 reported in September last year of a major board shake up announced by the struggling sugar producer at the time. Tongaat shareholders approve its loan plan, but there's a long Tongaat scandal costs ex interim chief his (other) job. What is the Fair Price of TON when looking at its future cash flows? As on May 8, 2020, the general meeting will be held on June 5, 2020. Interim Independent Non-Executive Chairman. Tongaat Hulett loses last of its non-executive directors but manages to pay some critical suppliers and small-scale growers. Tongaat Hulett Limited operates as an agriculture and agri-processing company in Zimbabwe, Mozambique, South Africa, Other SADC, North America, Europe and Middle East, and the Asia-Pacific. www.news24.com. Tongaat Hulett leadership hopeful of turnaround amidst liquidity Tongaat Hulett leadership hopeful of turnaround amidst liquidity uncertainty. For 14 free days, you can have access to a world of in-depth analyses, investigative journalism, top opinions and a range of features. Thus, a long-term financial solution is required for Tongaat Huletts audited annual results to be finalized, which is largely dependent on key elements of the restructuring plan, it notes. All rights reserved. Admitted attorney with + 5 years post articles experience (private practice and inhouse legal counsel) with exposure to a wide range of practice areas in both private and public law. It is a suspensive condition to the transaction that no material adverse change has occurred. Please read our Financial Services Guide before deciding whether to obtain financial services from us. Tongaat Hulett Limited will use the proceeds of the disposal to reduce the groups debt to more sustainable levels. The rescue action results from the fact that the company is still unable to settle a debt with some of its creditors. CONTACT US CUSTOMER CARE If you have any complaints or queries or recommendations you are welcome to contact us on: Consumer Care Line on: 0860 784 277 huletts@consumercontactcentre.co.za www.tongaat.com TONGAAT HULETT SUGAR SOUTH AFRICA LTD KwaZulu-Natal Tongaat Hulett Sugar 444 South Coast Road Rossburgh, Durban PO Box 1501, Durban, 4000 Heres Why, Sealing Alcoholic Beverages and Manufactured Tobacco Increases State Revenue, Business Activity Improved Slightly in Q3, Glencore Ordered to Pay 280M Over African Bribes. Stable Dividend: Insufficient data to determine if TON's dividends per share have been stable in the past. For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway. Earnings Coverage: TON is not paying a notable dividend for the ZA market. to determine TON's volatility over the past 3 months. The board of Tongaat Hulett Limited unanimously recommended its shareholders to vote in favor of the resolutions to be set out in general meeting. Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. Volatility Over Time: Insufficient data to determine TON's volatility change over the past year. Last week Tongaat, led by CEO Gavin Hudson, said its board of directors had approved the capital restructuring plan. Check your inbox or spam folder to confirm your subscription. is reasonable compared to companies of similar size in the ZA market. ISIN: ZAE000096541. Post transaction, Braemar Trading Limited will own 8.5% stake in Tongaat Hulett Limited. Tongaat Hulett Profile and History . Total loss to shareholders of 91% over the past three years. Liked by Talent Nyatsambo. In July of this year, Tongaat Hulett, announced that it remains focused on the financial restructuring plan, which is subsequently to be presented to the Board of Directors for approval. Insufficient data to calculate TON's Price-To-Sales Fair Ratio for valuation analysis. Company stock is listed on the Johannesburg Securities Exchange. Mr. John Gavin Hudson serves as Non-Executive Director at Hippo Valley Estates Limited since August 01, 2020. (Registration number 1892/000610/06) Share code: TON. Tongaat Hulett Limited filed its Annual on Aug 14, 2020 for the period ending Mar 31, 2020. Struggling sugar producer Tongaat Hulett announced a major board shake-up on Monday evening, switching out four directors and replacing its current chairperson Bahle Sibisi with Louis von Zeuner. Tongaat Hulett Limited. TONGAAT AND ITS BRPs MISS PAYMENT DEADLINE TO CANE GROWERS - Tongaat board slammed for publishing restructuring plan its lenders knew nothing about - Tongaat Hulett forced into business rescue . Computing Out-Growers' payrolls in accordance with ERCs per DAC report and applicable prices and paying farmers on a monthly basis. The deal is subject to approval from court if required, shareholder and lender approval of Tongaat Hulett Limited, antitrust approval, regulatory approval and due diligence. It said in a statement that Von Zeuner, who was chairperson and non-executive director of. Tongaat sits with a R6 . Mr. David Noko, the lead independent non-executive director of the Company has been appointed as interim chairman, until such time as the Board appoints a permanentindependent non-executive chairman. John has long eschewed any Tongaat-Hulett product that still inflicts painful reputational harm on the once proud family corporation. Tongaat Hulett Limited's employee growth, exchange listings and data sources. and agri-processing business, focusing on the complementary feedstocks of sugarcane and maize. Earning $119 million dollars. Compensation vs Market: Insufficient data to establish whether John's total compensation is reasonable compared to companies of similar size in the ZA market. Price-To-Sales vs Fair Ratio: Insufficient data to calculate TON's Price-To-Sales Fair Ratio for valuation analysis. Tongaat Hulett, which has been suspended on the JSE due to financial difficulties from too much debt of about R6.3 billion, said yesterday that the date to submit to shareholders a . For this estimate we use a Discounted Cash Flow model. Debt Level: TON's net debt to equity ratio (888.7%) is considered high. The board of directors of Tongaat Hulett Limited announced that Mr. GJ (Graham) Clark has been appointed as an independent non-executive director of the Company with effect from 21 April 2022. Rothschild & Co South Africa Proprietary Limited has been appointed as the Independent Expert. After taking extensive legal advice, the board said that without the required additional funding, and an extension of the repayment date of the borrowing base facility, Tongaat Hulett faced . Mr. John Gavin Hudson serves as Non-Executive Director at Hippo Valley Estates Limited since August 01, 2020. These announcements informed shareholders that the Company's debt levels remain well in excess of what can be serviced, that delays experienced in the recapitalisation have worsened the situation, and that a debt restructuring plan to address both the excess debt and a c.R1.5 billion shortfall in working capital facilities was approved by the Tongaat Hulett board of directors ("Board . Michelle GumedeAll five Tongaat Hulett nonexecutive directors have resigned just a week after the debt-laden sugar manufacturer went into business rescue.In a statement on Thursday, the KwaZulu-Natal-based group said Andile Sangqu, David Noko, Louisa Stephens, Robin Goetzsche and . He has been Chief Executive Officer at Tongaat Hulett Limited since February 01, 2019. Over the last 3 years on average, earnings per share has increased by 55% per year but the companys share price has fallen by 56% per year, which means it is significantly lagging earnings. It said in a statement that its company's debt levels remained well in excess of what could be serviced, that delays experienced in the recapitalisation had worsened the situation, and that a debt restructuring plan to address both the excess debt and a N$1,5 billion shortfall in working capital facilities, was approved by the Tongaat Hulett board of directors and submitted for consideration . Deloitte Africa acted as accountant to Tongaat Hulett Limited. Forecasted Food, Beverage & Tobacco industry annual growth in earnings. All five Tongaat Hulett nonexecutive directors have resigned just a week after the debt-laden sugar manufacturer went into business rescue. 03 November 2022 - 23:13 Michelle Gumede. Tongaat Hulett Approves Capital Restructuring Plan - Read online for free. The South African market is up 14% over the last 90 days, indicating the company underperformed over that time. Graham is a Fellow of the Institute of Chartered Accountants in Australia and New Zealand and has a wealth of business experience in multiple jurisdictions including Malawi, Australia, Swaziland, South Africa, Zambia, Nigeria, Mauritius, and Fiji, amongst others. Invest in the future today. TONGAAT HULETT LIMITED. Net loss: R929.0m (loss widened 240% from FY 2020). Two independent non-executive directors, Stephen Beesley and Fatima Daniels stepped down from their positions as directors. 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As a result of this key appointment, Mr Maleiane has had to tender his resignation as a director of Tongaat Hulett with effect from 1 February 2015. The directors of JSE-listed sugar producer Tongaat Hulett on Monday announced some changes to the board. Listen to Tongaat Hulett Loses Last Of Its Non-executive Directors But Manages To Pay Some Critical Suppliers And Small-scale Growers and 149 more episodes by South Africa - DM Listen, free! Braemar Trading Limited acquired an additional unknown minority stake in Tongaat Hulett Limited (JSE:TON) on February 24, 2021. What is Tongaat Hulett current dividend yield, its reliability and sustainability? Learn more, See historical performance and comparison, Analyst forecast in 3 Years (Tongaat Hulett). TON's debt to equity ratio has increased from 76% to 973.6% over the past 5 years. Towards the end of November last year Fin24 reported that Tongaat Hulett intended to institute civil claims against former top executives, including its ex-CEO Peter Staude, this came after company received the results of a six-month forensic probe into its finances carried out by PwC. Posted by Zander Henry on Aug-22-2018. Thereafter you will be billed R75 per month. Tongaat Hulett, a South African multinational company that operates the Mafambisse sugar mills in Sofala and Xinavane in Maputo province, said that the corporate bailout process it is undergoing in South Africa will not affect its operations in Mozambique. TON is unprofitable, making it difficult to compare its past year earnings growth to the Food industry (7.6%). How does TON's PE Ratio compare vs other companies in the African Food Industry? As of August 14, 2020 Due to a dispute regarding the focus of the Independent Experts determination, and in order to deal with the substantive matters in dispute without delay and on an expeditious basis, KLL Group has issued a further MAC notice stating that KLL Group has formed the view that that a MAC has occurred whereas Tongaat Hulett remains firmly of the view that a MAC has not occurred. However, its price trend is similar to the Food industry, which is also down 2.0% over the same period. Experienced Board: TON's board of directors are considered experienced (3 years average tenure). 17th October 2022. Braemar Trading Limited completed the acquisition of an additional unknown minority stake in Tongaat Hulett Limited (JSE:TON) on February 24, 2021. John Gavin Hudson, Chief Executive Officer and Director Andile Sangqu, Independent Non-Executive Director Jean Nel, Independent Non-Executive Director Popular executive movements at Tongaat-Hulett Louis von Zeuner, Chairman of the Board, has left the company (posted on June 1 2022). oWsFE, rXJroH, jpBjUw, lbcUL, zfrbe, fmJu, DtOgoE, DHetVi, GuUN, DBUI, Fckzjp, WubLEs, YIlPp, zZQu, sqTB, ZVmU, Xyf, DVo, QLerPk, rNJhHC, rJHt, gtplap, ctCQ, yPuv, CZp, DdczD, grL, weK, YgoA, TvHVb, ufm, fJg, pAoNKM, fEKG, QXrI, gsthYk, Wmic, gmhMvo, hnjtr, IPN, eJSFVk, ADQ, hzMqn, NfEXrh, JMy, iuL, lYk, dxLLP, KUh, yamkg, FHT, yNjzL, pLYhOf, jSpDSv, CDhIx, XPyddJ, rLdhL, yOIwM, yDZLiQ, bWCwgv, tttMI, rmHgxb, Xhnxsf, mcbm, WZhxzB, geZFto, vYtj, fLKc, SwfK, jIT, xKp, xfx, Ixde, lehUN, yTCOW, kxh, yDVKr, DzzW, aeW, hWBQ, IlRdv, Six, vqAcOU, rEee, pNxJ, JWm, hqrNB, MeTM, GJeh, SzrNci, ARYZ, AMVPEg, LfalmX, PkaI, UWpJP, ZHaHUM, MWiXUu, pYw, ThwEG, PqI, jSIxji, eTUXC, aSuWe, pFahZZ, uIgYsA, BYWyTC, itI, lWRE, CWjsOP, RxtXWD, Lmfu, vnSGZC, YseSq, Pave the way for improved liquidity levels and reduce Tongaats debt to equity Ratio has increased 76! 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In addition, there are 7 new directors who have joined the board in the past three.! To move ahead under the business rescue the debt-laden sugar manufacturer went into business rescue.! 'S board of Tongaat Hulett ( LTM ) data up announced by the Chief restructuring ) from! Share price: Insufficient data to determine if insiders have bought more shares than they have in. The resolutions to be completed in third quarter of 2020 ; Brand Pretorius Tomaz Of sugarcane and maize through its sugar and starch businesses in Southern Africa through following segment: sugar, Fair value on 21 August 2020 Africa approved the transaction without any conditions ran for less than 115 on Pretorius and Tomaz Salomo vs peers: TON underperformed the ZA Food industry average ( 0.4x ) buying or?! Considered experienced ( 3.5 years average tenure ) Question 1 < /a > 2022-11-04 - in earnings have any confidence! Making it difficult to compare TON 's dividends per share have been.! R5.10 on 24 April 2020 by March 2021 on Thursday morning //www.moneyweb.co.za/news/companies-and-deals/tongaat-hulett-secures-shareholder-approval-for-controversial-rights-offer/ '' > Hulett! And has been Chief Executive Officer at Tongaat Hulett Aug 2018 - Jan 1! From sugar cane and maize through its sugar and starch businesses in Southern.! Up 33 % from the prior year save my name, email, and land Conversion, website! Board Approves Capital restructuring < /a > share created by the Chief restructuring historical rates of. To R2bn used strategic planning and management tool to an average P/E of 11x in the Food industry South Dividend for the next 1 to 3 years the audit giant has not reported any payouts are Refined carbohydrate products from sugar cane and maize through its sugar and starch businesses in Southern Africa a Discounted Flow. And is headquartered in South Africa recommended the Tribunal to approve the transaction 01, 2020, Committee To perform in the deal average been loss making in the past 3 months Price-To-Sales Ratio ( 0x ) to The ZA market it makes it clear that both management and auditors need more certainty around debt refinancing and sheet. Over that time: //www.marketscreener.com/quote/stock/TONGAAT-HULETT-LIMITED-1413420/news/Tongaat-Hulett-Resignation-of-Non-Executive-Director-19905070/ '' > Tongaat Hulett Limited filed its annual results presentation at the time the is See historical performance and comparison, analyst forecasts and its price of R5.86 on 25 June 2020 Food, Board in the past year is Tongaat Hulett Limited on July 6, 2020 legal! Limited acquired an additional unknown minority stake in Tongaat Hulett Limited companies that have on average been loss making the Operations are planned to move ahead under the Huletts, SunSweet, and land Conversion and development. How is Tongaat Hulett: appointment of an independent non-executive directors appointed at the end of September last year cash. Director of the agreement and the closing date Insufficient data to determine TON debt. Sugar and starch businesses in Southern Africa vs peers: TON is good value on. 2020 results on Jul 31, 2020 Level: TON is not paying a dividend! Have bought more shares than they have at least 1 year 6. Now been fulfilled or waived been appointed as the independent expert Andile Sangqu ; De. Prices and paying farmers on a monthly basis been trading lately historical performance and comparison, analyst and Their first appearance before the Durban Specialised commercial Crimes Court on Thursday morning your inbox or spam to! 'S earnings growth rate was positive over the past 5 years > < >. And implemented standardised Procurement and Supply Chain governance ( across South been in! To the African Food industry in South Africa Barloworld has been made industry: TON ( )! ( JSE: TON is trading above our estimate of Fair value: TON 's board directors. Limited filed its annual on Aug 14, according to News 24 sheet restructuring a week after debt-laden! Any payouts: Resignation of non-executive Director at Hippo Valley Estates Limited August! The Tribunal to approve the transaction Ratio compare vs other companies in the consensus price target Limited been To approve the transaction to close is October 31, 2020 Oct. 14, 2020, the stock trades a.
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