Market News

Libstar edging towards vindication

by Moneyweb   |   14 March 2019

After a pretty bad listing on May 9 last year and even worse news for investors at its June interim when headline earnings just about halved, Libstar has had a tough job convincing the market of its worthiness as an investment.

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Libstar declares maiden dividend on back of strong perishable foods performance

by Engineering News   |   13 March 2019

JSE-listed consumer packaged goods producer and supplier Libstar has declared its maiden dividend of 22c a share, for the year ended December 31, following its listing on the JSE in May 2018.

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Libstar banks on new food products

by Business Day   |   13 March 2019

The company's share price jumps 10.28% to R7.83, its highest one-day increase since listing in May last year.

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Food group Libstar shares surge, dividend eclipses earnings drop

by Reuters   |   13 March 2019

Shares in South African food producer Libstar Holdings Ltd rose more than 13% on Wednesday after the company declared a maiden cash dividend though full-year earnings dropped.

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Libstar first-half profits take a 42% knock

by Business Report   |   05 September 2018

LIBSTAR Holdings reported a 42.51 percent decline in profits, negatively impacted by subdued economic activity and lower consumer spending in South Africa

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Kosgroep Libstar sê sy syferssalverbeter

by Sake 24   |   05 September 2018

Verbruikers koop al hoe meer voorbereide maaltye vir gerief, maar wil hé dit moet ook gesond wees.

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New JSE entrant Libstar’s profit declines 13% impacted by lower mushroom prices

by Food Business Africa   |   05 September 2018

The new JSE listed food and personal care company, Libstar has posted dismal results with 13.8% decrease in operating profit to US$14.55 million after recording impacts from lower price realisations from mushrooms.

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Libstar wants shareholder to trim stake

by Business Day   |   05 September 2018

Libstar, the food producer and supplier that has struggled to make a mark since its listing in May, wants its biggest share holder to reduce its stake in a move to boost liquidity in the firm's shares.

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Consumer-goods manufacturer Libstar aims to raise R1.5bn

by Business Day   |   25 April 2018

Consumer goods manufacturer and distributor Libstar, which generates nearly R9bn a year in revenue, aims to raise R1.5bn ahead of a planned JSE listing on May 9.

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South Africa's Libstar targets at least $692 million valuation in IPO

by Reuters   |   24 April 2018

Libstar Holdings (IPO-LBRJ.J) on Tuesday priced its initial public offering in a range of 12.50 rand and 16 rand, valuing the South African maker of sweets and gluten-free buns at 8.5 billion rand ($691.9 million) or more.

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JSE listing for food superstar Libstar

by Financial Mail   |   19 April 2018

The producer has upped revenue and profit in a sector in which growth has been difficult to achieve...

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Is the glass half full?

by Financial Mail   |   12 April 2018

Will the listing of consumer-focused Consol and Libstar be worth backing?

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Libstar plans on listing on JSE

by Business Day   |   10 April 2018

Consumer products company’s offerign targets subscription of new shares worth R1.5bn and free float of 40%...

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Libstar planning to list on the JSE

by Cape Times Business Report   |   10 April 2018

A leading producer and supplier of high-quality products in the consumer packaged goods industry has said that it planned to list on the JSE by offering new shares to raise about R1.5 billion.

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Produsent Libstar stel visier op JSE

by Die Burger Sakenuus   |   10 April 2018

Lib­star, wat ver­skeie kos­pro­duk­te on­der ver­skil­len­de han­dels­na­me pro­du­seer en on­der meer pro­duk­te aan KFC, M­cDo­nald’s en Nan­do’s voor­sien, wil op die JSE no­teer.

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