Avior Capital Markets - Barloworld Ltd. (102K) BAW | SHarpening the returns focus

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Avior Capital Markets

BAW | SHarpening the returns focus

Barloworld released sound FY'17 results from continuing operations backed up by cash generation significantly reducing net debt. New CEO, Dominic Sewala appears to be making profound changes to improve group returns and cost efficiencies. The successful disposal of Equipment Iberia now held for sale will be an important part of executing on his strategic vision. Recycling of capital will enable new growth opportunities to be more easily funded. To date investors appear positive on these initiatives

29/11/2017 1 EN

Underlying

Barloworld Ltd.

Barloworld is engaged in distributing brands that provide integrated rental, fleet management, product support and logistic solutions. Co.'s core divisions include: Equipment and Handling (earthmoving, power systems, materials handling and agriculture); and Automotive and Logistics (car rental, motor retail, fleet services, used vehicle and disposal solutions, logistics management and supply chain optimisation). Co. represents international OEMs and brands such as Caterpillar, Hyster, Avis Budget, Audi, BMW, Ford, General Motors, Jaguar Land Rover, Mazda, Mercedes-Benz, Toyota, Volkswagen, Massey Ferguson, Challenger and others.

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ZAE000026639 Johannesburg Stock Exchange South Africa

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Avior Capital Markets

Avior is a globally recognised capital markets research and trading firm, with the broadest research coverage within the region, with 100+ SA and 20+ SSA companies under coverage. Avior services clients from offices in London, Cape Town and Johannesburg.

Our research quality is consistently recognised in local and global surveys, with 18 analysts currently rated in their respective sectors (FM 2017). Value add through in-depth, innovative, high quality and consistent research with comprehensive underlying fundamental modelling supported by regular analyst and roadshow interactions.

Avior has proven that by working closely with our clients we can mutually develop dominant positions in certain sectors, going from strength to strength. Avior has a dedicated ESG team, having been ranked #1 in Corporate Governance research since 2008.

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Other Reports on these Companies

TheScreener

BARLOWORLD sees an upgrade to Positive due to a better fundamental star rating

The general evaluation of BARLOWORLD (ZA), a company active in the Diversified Industrials industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 3 out of 4 possible stars while its market behaviour can be considered as defensive. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Positive. As of the analysis date April 9, 2021, the closing price was ZAR 93.93 and its potential was estimated at ZAR 112.73.

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April 10, 2021 April 10, 2021 1 EN

SmartInsider

1 director bought

A director at Barloworld Limited bought 17,721 shares at 112.185ZAR and the significance rating of the trade was 63/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names o...

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December 4, 2018 December 4, 2018 1 EN

Avior Capital Markets

Barloworld | Acquisition capital allocation test

Barloworld released solid H1'18 results on 21 May 2017. The interim dividend increased at a faster rate than HEPS growth. The group is delivering on its strategy to date regarding the disposal of Iberia. Moreover, a logistics turnaround is underway. After declining a potential large acquisition opportunity earlier this year due to pricing considerations, we expect BAW to be fully committed to the opportunities it finalises. This measured approach is consistent with its heightened return focus and improving the overall group quality of earnings.

May 29, 2018 May 29, 2018 11 EN

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Ayan Ghosh

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SA Investment Strategy | Review of January 2020 for SA investors: Coronavirus weighs on the ZAR

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Harry Botha

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SA Banks | Low credit risk in commercial property | Time to buy SA banks

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BAW | SHarpening the returns focus

BARLOWORLD sees an upgrade to Positive due to a better fundamental star rating

1 director bought

Barloworld | Acquisition capital allocation test

Tiger Brands | ESG | Pressed to execute

SA Investment Strategy | Review of January 2020 for SA investors: Coronavirus weighs on the ZAR

SA Banks | Low credit risk in commercial property | Time to buy SA banks

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