Cashbuild stock spirals as P&L Hardware deal delayed

Werner de Jager Cashbuild

With the necessary approval still outstanding, but conditions such as due diligence satisfied, the effective date of the P&L transcation – initially set for the end of November 2015 – has been delayed. There is no indication when, and if, the authorities will give the green light.

Shares in Cashbuild have softened since the announcement which preceded the home improvement firm’s annual general meeting. The counter extended its losses on Monday to trade at R324/share before soaring to an all-time high of R352/share then settling at R330 (or R3.4 billion in market cap) on Wednesday. This is the same level it was trading at on the eve of the latest P&L news. Despite the hiccup, which some view as a correction after a furious rally, the firm remains one of the hottest stocks in 2015.

P&L is home to 39 retail building material and hardware stores in South Africa to Cashbuild’s 228 predominantly here with a few more stores in Botswana, Lesotho, Namibia and Swaziland. P&L’s footprint explains the JSE-listed group’s expectation that the deal will help it expand its share and “enhance its position in the market as well as aspiration of bringing quality building materials at the lowest prices to the communities in which it trades”.

Cashbuild claims to be “the first choice retailer in its chosen field” across all the regions where it is present. The rally the stock has seen this year, a function of sterling financial performance, speaks for itself.

Revenues leapt 13% to hit R7.7 billion while net profit, coming at R363 million for the full year, skyrocketed a whopping 35%. At 712c per share, dividends soared 35%. Shareholders are all smiles. By all measures, Cashbuild’s performance - not least given the subdued economic climate in South Africa - is nothing short of amazing.

This sparkling set of numbers is a tribute to CEO Werner de Jager and his 5000-strong team. Still, Cashbuild would do well to keep lessen its overreliance on the home market and build scale elsewhere in Southern Africa or beyond.



Building Contractors – Best Home Improvement Advice

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Home Improvement by Building Contractors

Home improvement is an activity of knowledge and skill. It is an activity with the goal of improving upon your home so that it looks the way you want it to. Easier than it sounds though, correct? Don't let that put you off! Read the tips in this article by the best building contractors in , to see what you need to begin improving today.

When trying to decide on a big-ticket home improvement project, such as new counter tops, choose a design that is durable and timeless. Leave the trendy colors and funky designs for your furniture and paint colors, which are easier to change, if you tire of them or decide to sell.

Organize your garage by buying some clear plastic boxes and arranging items according to type and how often you use them. Label your plastic boxes and make sure they're stack-able. This is a cost effective way of cleaning out your garage, as well as keeping rodents and bugs away from your things.

These are common in many older homes, and can quickly become widespread, large problems. A little bleach works wonders on small mold problems. Small rust problems can often be sanded away.

Building Contractors

Make your renovation plans, then stick to them. When the owner constantly changes and tweaks the plans, contractors become gun-shy about doing work. Even though a huge renovation project seems easier when you break it up, piece-mealing it slows things down because the only thing workers can depend on is the plans changing.

Make sure that you check your local building codes and get proper permits before you embark on any major remodeling project. Building codes and permits are meant to ensure that a specific building project adheres to safety standards. If a project does not follow building codes, there is a risk that the project may be unsafe.

If you have chosen to have a gravel driveway and you have weeds growing through your stones there are some ways to prevent this from happening. A weed barrier is a good way to go about getting rid of the culprits. You do not have to get rid of all of your gravel to do it, you can put it over existing gravel and add new!

The most important thing you need to know when choosing a new siding for your home is to know the R-Value. Be sure you know the R-Value that is right for your  postal code.

Home improvement has to incorporate detail,research, and skill . It is an activity that takesadvantage of your property with the intent of making it better. Home improvement is an activity of knowledge and skill. It is an activity with the goal ofimproving upon your home so that it looks the way you want it to. These are common in manyolder homes, and can quickly become widespread, large problems. The most important thingyou need to know when choosing a new siding for your home is to know the R-Value. Home improvement has to incorporate detail, skill, and research .

Get a no obligation free quote from a building contractor by completing the form below:

builders | painters  | tilers  | roofing and waterproofing  | landscaping and gardening  | architects 

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