Bapcor faces dividend dilemma
Automotive parts retailer and wholesaler, Bapcor (ASX:BAP), might struggle to maintain its interim dividend at 10.5 cents a share if its weak update for the half-year to December turns out to be accurate.
Read MoreAutomotive parts retailer and wholesaler, Bapcor (ASX:BAP), might struggle to maintain its interim dividend at 10.5 cents a share if its weak update for the half-year to December turns out to be accurate.
Read MoreBapcor (ASX:BAP), the auto parts retailer and wholesaler, is grappling with a challenging beginning to the 2023-24 fiscal year due to a slowdown in consumer demand, impacting its trading performance.
Read MoreDiffering fortunes for financial services group Computershare and car parts group Bapcor in Wednesday trade saw the former gain more than 11% and the latter lose almost as much.
Read MoreA day before it releases its December half results, car parts group, Bapcor has revealed its new CEO in the shape of its chief financial officer.
Read MoreThe departure of Bapcor CEO Darryl Abotomey has turned toxic and he is out the door with immediate effect rather than early next year, as originally planned.
Read MoreOn what was a pretty slow Tuesday on the ASX, here are four bits of news from TechnologyOne (ASX: TNE), Bapcor (ASX: BAP), Northern Star (ASX: NST), and Link Group (ASX: LNK).
Read MoreMacquarie lifts its FY22 and FY23 EPS forecasts by 3% and raises its target price by the same percentage to $8.80 from $8.55.The Outperform rating is unchanged.
Read MoreOutperform rating is unchanged and the target is lowered to $9.20 from $9.25.
Read MoreWith peak reporting season upon us, here are snippets from the results announced yesterday by some local retailers: Coles, Super Retail Group, Bapcor and mall owner-operator Vicinity Centres.
Read MoreBapcor is in the front seat, amid confidence in the company’s ability to drive earnings growth beyond the stimulus that underpinned FY21.
Read MoreAutobarn owner Bapcor has picked up a 25% stake in Singapore auto parts group Tye Soon for around $12 million – putting a value on the new associate of $50 million.
Read MoreManagement’s guidance for first half group revenue growth of at least 25% and profit (NPAT) of at least 50% is well ahead of Credit Suisse forecasts. The Outperform rating is maintained and the target reduced to $8.60 from $8.75.
Read MoreAutoparts retailer and distributor, Bapcor has joined the growing list of earnings updaters with news of a 50% plus jump in December half-year earnings because of continuing strong sales.
Read MoreShares in automotive parts retailer and wholesaler, Bapcor have jumped to a record high after the release of its first-quarter update which showed Australians are spending more keeping their existing cars roadworthy and going.
Read MoreAutomotive accessories supplier Bapcor delivered FY20 results that were hard to fault, and the outlook for FY21 looks promising.
Read MoreCiti retains a Buy rating of Bapcor as the end of JobKeeper is likely to have a limited impact on profitability, unlike other discretionary retailers eligible for the scheme.
Read MoreFY20 guidance has been reinstated with net profit expected to be $84-88m. Trading in May and June has been very strong.
Read MoreCar parts retailer and distributor Bapcor has joined the small group of companies reinstating previously dropped earnings guidance for 2019/20 as it gets a better handle on life in a COVID-19 world.
Read MoreWe saw two vastly contrasting reactions from retail shareholders to two recent offers from middle range industrial stocks that were looking to finish large capital raisings.
Read MoreBapcor has completed a $180m institutional placement which is expected to significantly reduce leverage. UBS notes the store network in Australia is fully operational and gross margins are steady.
Read MoreVirgin Australia has stepped up its money finding efforts, asking for trading in its shares to be suspended as it works on a restructuring plan and awaits any news from Canberra about a $1.4 billion bailout package from the Federal Government.
Read MoreBapcor has underperformed recently, given the concerns around shut-downs and the associated impact on the balance sheet.
Read MoreAuto parts and accessories seller Bapcor saw its shares jump more than 6% yesterday after it fought off a weak trading environment to post a solid rise in profit.
Read MoreThe last 12 months have been tough for Bapcor (ASX:BAP) but there now appears to be light at the end of the tunnel. After a challenging period for Bapcor shares, we saw the recent full-year results release (FY19) as potentially a turning point.
Read MoreShares in automotive parts supplier Bapcor jumped nearly 7% yesterday after it reported a record net profit of $94.3 million on a 4.8% lift in revenue to $1,297 million for the 2018-19 year.
Read MoreBapcor is cementing its position in car parts and brokers are upbeat about the stock, despite the likelihood growth rates will now be less stellar.
Read MoreThe company has recently reiterated net profit growth guidance for FY19 of 9% and will host an investor briefing on July 3. Morgans assesses the company is capable of sustaining a solid single-digit organic growth profile across the forecast years.
Read MoreBapcor is Australia’s biggest supplier of parts to the car repair trade is travelling nicely at the moment – earnings for the year to June jumped more than 50%, dividend was boosted and the company is looking for another year to double digital growth in 2018-19.
Read MoreBapcor shareholders will get a substantially higher dividend after another solid interim result for Australia’s leading auto parts provider (and main rival to Super Group’s Super Cheap chain).
Read MoreThe business press may be full of stories indicating that retail is struggling in Australia, in the wake of an underwhelming Christmas season, but not every sector of the market is equally gloomy.
Read MoreBapcor has lifted its takeover offer for NZX based rival, Hellaby Holdings and told the market there would be no more price rises.
Read MoreCar parts distributor and retailer Bapcor is looking for another year of strong profit growth in 2016-17 after lifting net profits by 89% to $43.6 million in the year to June 30.
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