Headwinds and the group’s investment programme have resulted in high gearing, increased inventory levels and reduced asset turnover, investors told
Bell Equipment, the family business that has existed for 62 years, expects the trading environment to improve following peaceful national elections.
In response to concerns raised by one US-based shareholder, Kerem Aksoy of Glacier Pass Partners, Bell said the difficult trading conditions, combined with the group’s investment programme, have resulted in high gearing, increased inventory levels and reduced asset turnover. On Wednesday the Bell share price was trading at R10.14, almost half the level it was trading at in May 2014.
“Economic value added is a better indicator of sustainable profit than earnings as it reveals whether or not investments are actually creating value and not just growing the balance sheet,” Logan told Business Day.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
JSE climbs as Asian markets improve amid easing trade-war riskNaspers gained 1.79% as subsidiary Tencent was up about 1.3% earlier on Wednesday
Read more »
2019’s elections saw almost all politicians fail on their bold predictionsWhether a political tactic or genuine self-delusion, SA's politicians tripped themselves up repeatedly with their bold predictions.
Read more »
Rand sheds post-election gains as China-US trade war heats upThe rand has weakened as China and the US go tit for tat on import tariffs
Read more »
Rand sheds post-election gains as US-China trade war heats upThe rand has weakened as China as the US go tit for tat on import tariffs
Read more »
IEC fields elections integrity queries | Election | M&G
Read more »
Elections 2019: ANC majority in Mpumalanga takes a knock | Election | M&G
Read more »