Page 21 - Bytes Technology Group News Today

Altron warns its annual earnings likely to fall 29% on Covid-19 disruption By Sandile Mchunu Share DURBAN - ALLIED Electronics Corporation (Altron) yesterday warned that its full-year earnings were likely to fall as much as 29 percent, partly because of poor economic activity and the trading restrictions put in place to limit the impact of Covid-19. As a result, Altron said in a trading update, it expected its headline earnings per share (Heps) for the year to the end of February to decline by ...

Altron Heps to fall on Bytes disposal, weak economy JSE-listed technology group Altron said on Wednesday that its headline earnings per share (Heps) will fall by as much as 29% because of the disposal of its Bytes UK arm and weak trading conditions. The “de-merger” of Bytes Technology Group, which was finalised in December, will lead to a once-off jump of over 100% in basic earnings per share for the year to 28 February 2021, Altron said in a statement to shareholders. Heps, which excludes ...

London open: Stocks dip despite tentative moves to reopen international travel Mon, 26th Apr 2021 08:38 (Sharecast News) - Stocks are coming under a little bit of selling pressure at the start of trading on Monday as investors monitor the headlines out of Asia concerning the epidemic and its possible impact on economies. "The slow, but steady increase in Covid-19 cases across Asia, ex-India, is weighing on sentiment in early Asian trading. Indias situation dominated the weekend press, but acros...

Altron shareholders in dividend windfall Image: Steve Buissinne JSE-listed technology group Altron has declared a special dividend of 96c/share after it successfully spun off Bytes Technology Group as a separate listing in London and Johannesburg and ended up with more cash than it expected. As part of the “de-merger”, Altron retained about 9% of the convertible notes issued to settle the dividend tax that arose on the distribution to shareholders for tax purposes. However, it overestima...

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The FTSE 100 is set for another reshuffle next week as the blue-chip index adapts to the pandemic and makes way for a handful of newcomers.

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Submitting... The report said: “There were 250 transactions announced up until June, but this increased to 288 deals in the latter half of the year. “At the same time deal values spiked from just short of £8bn in 2019 to £11.6bn this year, a very healthy 45% increase. Yorkshire and Humber-based companies were involved in 9.2% of all UK deals in 2020 and contributed 3.3% to their total value.” Rights issues dominated the top deals for the region within the first six months of 2020, as c...

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