Bell Equipment has renewed a cautionary announcement in which it advises shareholders that it has entered into discussions with a third party. If these discussions are successfully concluded, it may have an impact on the group’s share price.
Bell warned last month that the depressed mining environment would impact negatively on its financial performance for the six months to the end of June. The group warned that it expects its earnings per share and headline earnings per share to be at least 70% lower than the corresponding period.
The share price remained unchanged on Tuesday on R14.80. The price is however 34% lower than a year ago.
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