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First announced on 1 February 2023, Ellies expected to pay R207.6-million for Bundu Power and planned a R120-million rights issue, which it later cancelled on 4 December.
Ellies new friend at Rawtenstall Festival fiona.collins.351 Flickr
Ellies is determined to overcome its current challenges and emerge stronger in the competitive electronics market, having secured a new working capital facility and plans to acquire Bundu Power. The support of shareholders and the successful execution of these plans will be critical in the company's journey to long-term profitability and growth.
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For more financial news, go to the News24 Business front page. Shares in Ellies crashed more than 12% after it warned of a widening interim loss per share as it grapples with a tough trading environment where consumers are under pressure amid soaring inflation and fuel costs. At the same time, the 43-year-old electronic goods group was also.
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ELI Stock Overview. Ellies Holdings Limited, an investment holding company, engages in the manufacture, import, wholesale, and distribution of LED lighting, electrical, and electronic products and solar solutions to the residential and commercial sectors in South Africa, Botswana, Namibia, and Eswatini. About the company. ELI fundamental analysis.
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Ellie Fund News SUPPORTING PATIENTS.FUNDING CARE.PROVIDING HOPE.WCVB Red Carpet Gala Coverage Ellie Fund's Red Carpet Gala supports breast cancer patients WCVB Channel 5 reports live from the Fairmont Copley Plaza to recap Ellie Fund's successful 28th annual Red Carpet Gala WATCH Cape Cod Times 12/21/23 Cape breast cancer survivors share their journey, made easier by
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by Mudiwa Gavaza and Nico Gous. Ellies lost almost a fifth of its value on Monday as the electronics company announced probable job cuts to save money after reporting a loss in its 2022 financial.
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Ellies has posted a R106.5 million after-tax loss for the six months ended 31 October 2023 — 205.2% worse than the R34.9 million half-year loss it reported last year. The company warned.
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Solar solutions from Ellies to meet your diverse needs - 12 April 2021. Solar is good news for business - and we all need some good news - 18 February 2021. Reduce your electricity costs forever with Ellies - 2 February 2021. Ellies solar is the ideal energy solution for any lifestyle or business - so what's holding us back? - 18.
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Ellies Holdings Full Year 2023 ResultsKey Financial Results. Revenue: R993.0m (down 7.7% from FY 2022). Net loss: R86.9m (loss widened by 51% from FY 2022). R0.11 loss per share (further deteriorated from R0.079 loss in FY 2022).
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Ellies anticipates a loss per share (LPS) ranging between 12.80 cents and 13.66 cents for the six months ended 31 October 2023. This range signifies an increase in losses of between 195% and 215%.
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Shares in Ellies crashed 60% on Wednesday after the more than four-decade-old electronics group said it intended to enter business rescue amid the collapse of a crucial acquisition. The company, founded in 1979, imports and distributes LED lighting, as well as electronic and solar solutions.
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06 Mar 2024 (Johannesburg Stock Exchange) Ellies Holdings Limited, a prominent company incorporated in the Republic of South Africa, has announced significant changes to its Board of Directors.
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Ellies Holdings Limited also reported a significant decline in net asset value per share, which decreased by 159.3% to a negative equity per share of 7.3 cents, down from 12.3 cents.
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Luke Fraser. · 31 Jan 2024. Electronics manufacturer and distributor Ellies has announced that it is going into voluntary business rescue. In February 2023, the group detailed its plan to acquire.
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Electronics group Ellies Holdings expects to report a wider loss for the six months ended October 2023, the company said on Monday. The group, which is in business rescue, said its headline loss.
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Douglas Elliman announced the winners of the 2024 Ellie Awards, which honor the firm's top performing agents throughout the nation for 2023, last Thursday, March 14, and top performers from the.
