UBS Group Raises Its Stakes In ASX Listed Companies

  • Nov 23, 2018 AEDT
  • Team Kalkine
UBS Group Raises Its Stakes In ASX Listed Companies

JB Hi-Fi Limited (ASX: JBH)

JB Hi-Fi Limited traded at higher levels after the investor UBS Group AG and its related bodies went to increase their holdings in the Australia’s leading retail company.

On Friday, JB Hi-Fi Limited notified the change of interests of substantial holder of the company that came into effect on 20 November 2018. As per the company’s notification, UBS Group AG and its related bodies corporate has acquired more stakes in JB Hi-Fi Limited that has now taken their current holdings to over 9 million ordinary shares.

The change has been affected through the securities lending agreement and prime brokerage agreement and after this change UBS’ voting rights have increased to 7.96%, compared to previous 6.33% voting power.  

For the period 1 July to 30 September 2018, the company reported total sales growth of 5.3% and 4.0% in Australia and New Zealand, respectively. The growth is in comparison to previous corresponding period. Moreover, the comparable sales growth for JB HI-FI Australia was 3.4% compared to PCP 4.9% and for JB HI-FI New Zealand was 9.8%, up by PCP 6.2%. The company further provided that for The Good Guys, the total sales growth has been 2.3% and comparable sales growth was 1% in Q1 FY19.

For Full Fiscal Year 2019, the company expects to achieve total sales of approximately $ $7.1 billion, comprising $0.22 billion in JB HI-FI New Zealand, $4.75 billion in JB HI-FI Australia, and $2.15 billion in The Good Guys.

In today’s trading session, JBH stock price edged up by 0.646% to last trade at $23.380 on 23 November 2018. Whereas, the Price to Earnings ratio was 11.440 x with market capitalization of $2.67 billion. JB Hi-Fi stock has witnessed a positive performance change of 4.12% over the past 12 months but the stock price has fallen by 10.65% over the past three months as at 23 November 2018.

BWX Limited (ASX: BWX)

Substantial Holder UBS Group AG and its related bodies corporate has also acquired more stakes in BWX Limited on 20 November 2018.

Branded product company BWX Limited today notified that UBS Group now holds 6,229,840 securities in BWX with the voting right of 5.02%.

With this update, the stock price of BWX Limited surged 5.556% to close at $3.420 on 23 November 2018. BWX last traded at a PE of 19.060 x with market capitalization of $402.41 million. Over the past one year, the stock has witnessed a negative performance change of 52.28%.


This website is a service of Kalkine Media Pty. Ltd. A.C.N. 629 651 672. The website has been prepared for informational purposes only and is not intended to be used as a complete source of information on any particular company. Kalkine Media does not in any way endorse or recommend individuals, products or services that may be discussed on this site. Our publications are NOT a solicitation or recommendation to buy, sell or hold. We are neither licensed nor qualified to provide investment advice.





All pictures are copyright to their respective owner(s) does not claim ownership of any of the pictures displayed on this website unless stated otherwise. Some of the images used on this website are taken from the web and are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it below the image.


There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.

Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.

As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK