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Joyce considers Bedshed takeover

TAKING full ownership of the Bedshed brand is one option for O’Connor-based Joyce Corporation as it reviews its growth plans.Joyce chairman Daniel Smetana said the company was considering and reviewing a number of complementary growth options it had identified for the next 12 to 18 months.One of these included the acquisition of the outstanding interest in Bedshed that Joyce does not already own. “Bedshed is performing very strongly nationally and its growth and increased profitability is in line with expectations,” Mr Smetana said, “In addition, Bedshed has its own significant growth plans, which the company is supportive of in financial terms as well as in business strategy terms.”Bedshed has been a part of the Joyce stable for 25 years and the present plans are seen as an extension of that long and sustained interest.

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Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 31/10/18

1 year TSR5 year TSR
173rdValmec25%-7%
230thEuroz16%8%
278thPioneer Credit6%0%
288thJoyce Corporation5%35%
744 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

01/10/18
$16k Bought
16/07/18
$743k Other
16/07/18
$743k Bought
Total value as at the date of the transaction
Source: Morningstar

Revenue

37th↑Valmec$106.1m
38th↓Quintis$97.4m
39th↑Joyce Corporation$97.3m
40th↑Euroz$92.1m
41st↑Pioneer Credit$81.5m
239 listed industrial companies ranked by revenue.
Source: Morningstar

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