ellies

  1. Jan

    SMD Technologies acquires Ellies brand

    Ellies brand rescued SMD Technologies has acquired the Ellies electrical brand, the company announced on Friday. The acquisition comes three months after Ellies’ business rescue practitioner, John Evans, announced that the holding company was being liquidated.
  3. Jan

    Ellies acquisition of Bundu Power gets Competition Commission nod

    Competition Commission approves Ellies acquisition of Bundu Power The Competition Commission has unconditionally approved Ellies’ proposed acquisition of Bundu Power. This is a major milestone for Ellies, which had a lot riding on the deal.
  4. Jan

    Ellies warns shareholders to expect even bigger loss than last year

    Ellies braces for another massive loss Ellies has warned shareholders to expect a loss per share of 69% to 89% higher than the loss it reported in its annual results last year. The company expects a loss of between 10.07 to 11.26 cents per share for the financial year ended 30 April 2023. Last...
  5. Jan

    Inverter trolley brand / manufacturer roundup - March 2023

    Best inverter trollies to escape load-shedding South Africans looking to escape load-shedding and not break the bank may want to consider a power trolley over a portable power station. The best brands available locally include Mecer, Ellies, Lalela, RCT, and Kool Energy. There are several...
  6. Jan

    Ellies to acquire Bundu Power for R202.6 million

    Ellies buying Bundu Power for R202.6 million Ellies informed shareholders on Wednesday that it plans to acquire backup power specialist Bundu Power for R202.6 million. Bundu Power is comprised of Magetz Electrical cc and Power On Wheels cc, which is owned by Heidi von Broembsen, Nicholas von...
    • Jan
    • Thread
    • bundu power colin sykes ellies heidi von broembsen magetz electrical nicholas von broembsen power on wheels suzanne von broembsen
    • Replies: 11
    • Forum: Broadband and IT News
  7. J

    Inverter advice for Lithium battery

    Hi everyone Needing some advice on choosing the correct inverter for my Securi-Prod 100Ah lithium battery. Context: Replaced the lead acid battery in my Ellies 720W/1200VA Inverter trolley this December. I was reassured by the team at GW that the drop in Securi-Prod 100Ah lithium battery...
  8. Jan

    Ellies reports R35.2 million comprehensive half-year loss, citing once-off retrenchment costs

    Ellies reports massive loss Ellies has reported a total comprehensive loss of R35.2 million for its half-year trading period ending 31 October 2022. This represents a 74.3% higher loss than the same period last year.
  9. Hanno Labuschagne

    How Ellies missed the load-shedding boat

    How Ellies missed the load-shedding boat Ellies was perfectly positioned to capitalise on load-shedding with its alternative energy products, but poor management crushed its chances of success, and it now has to retrench staff. On 26 September, Ellies notified staff that it would proceed with...
  10. Jan

    GeeWiz sold over 4,500 inverter trollies in 2022

    Mustek's inverter trollies flying off shelves in South Africa South Africa's worst year of load-shedding has seen many more people buy backup power systems to keep some of their appliances and gadgets online during the rotational power cuts. The power trolley is one of the more cost-effective...
    • Jan
    • Thread
    • ellies geewiz inverter trolley leroy merlin mecer mustek takealot
    • Replies: 34
    • Forum: Broadband and IT News
  11. Jan

    Ellies begins Section 189 restructuring - promises to "minimise possible retrenchments"

    Ellies announces staff retrenchments Electronics importer and distributor Ellies has informed shareholders that it will be restructuring “certain operational functions” within the company. “This is pursuant to ongoing constrained trading conditions being experienced by the Group,” Ellies stated.
  12. Jan

    Ellies fires 8 workers for refusing Covid-19 vaccines

    Ellies fires workers over Covid–19 vaccines Ellies has dismissed eight employees for refusing to comply with the company’s Covid–19 vaccine mandate. The staff were placed on “no work, no pay” from 1 July, ahead of their incapacity hearings conducted later in the month.
    • Jan
    • Thread
    • covid-19 coronavirus covid-19 vaccination ellies johan klein mandatory vaccination
    • Replies: 78
    • Forum: Broadband and IT News
  13. Jan

    Ellies drops the ball during Stage 6 load-shedding

    Ellies blunder that cost it millions Load-shedding has presented Ellies with a tremendous opportunity to increase its revenue and profit significantly, but it failed to capitalise on Eskom’s failure to provide reliable power effectively. Ellies was established in 1979 by Ellie Salkow as a...
  14. Jan

    Ellies issues loss warning

    Ellies tanks on loss warning Ellies share price tanked on Friday after issuing a warning to shareholders that it expects to report a headline loss of between 6.49 and 7.77 cents per share. Last year the company reported headline earnings per share of 9.19 cents.
  15. Jan

    Cheapest inverter trollies to protect against load-shedding

    Most affordable power trolleys for surviving Stage 6 load-shedding There are numerous inverter trolleys for sale in South Africa that can run essential appliances to get you through load-shedding for less than R10,000. While many households are looking into fully-fledged backup power systems...
  16. Jan

    South African tech shares — one company up 1,100% in ten years

    South African tech shares — one company up 1,100% in ten years South African tech stocks have experienced a lot of volatility over the last decade, with the best-performing share, Alaris, gaining 1,100% and the worst-performing share, Ellies, losing 90.2%. The global tech stock rally over the...
    • Jan
    • Thread
    • adapt it alaris alviva blue label telecoms ellies eoh mtn mustek silverbridge tech stocks telemasters telkom vodacom
    • Replies: 0
    • Forum: Broadband and IT News
  17. Jan

    Mustek reveals how tech manufacturers were hit by Covid-19 disruptions and July riots

    South African tech manufacturers hammered by Covid-19 and July riots Several tech manufacturers in South Africa were hit hard by the Covid-19 pandemic and subsequent lockdowns, with critical elements such as shipping taking almost twice as long as it did pre-pandemic. And if that wasn't...
    • Jan
    • Thread
    • covid-19 coronavirus ellies hein engelbrecht mustek riots
    • Replies: 2
    • Forum: Broadband and IT News
  18. J

    Ellies inverter/UPS stuck in Backup Mode

    Hey guys. My Ellies Inverter/UPS 1440W is stuck in 'Backup Mode' and the alarm keeps on beeping. For some reason the batteries ran flat over the weekend. My troubleshoot so far: I made sure to unpluck any devices from the backup plug on the Inverter/UPS, plugged it into Eskom power on the wall...
  19. Jan

    South Africa's top tech stocks of 2021

    Top tech shares on the JSE in 2021 — including two which had over 170% growth The top-performing technology shares on the Johannesburg Stock Exchange (JSE) in 2021 were MTN, Ellies, and Alviva, while the worst-performing companies were Labat Africa, Huge Group, and EOH. The JSE performed...
    • Jan
    • Thread
    • alaris alviva ellies johannesburg stock exchange (jse) mtn telkom
    • Replies: 3
    • Forum: Broadband and IT News
  20. Jan

    Ellies delays launch of Nokia TVs in South Africa

    Nokia TV launch in South Africa delayed The South African launch of Nokia's TVs has been delayed until February 2022 due to various challenges faced by the distributor, Ellies. Ellies had previously said that Nokia Smart TVs and other TV products would launch in South Africa before the end of...
  21. Jan

    Ellies hammered after warning of 24.6% revenue decline

    Ellies hammerblow Ellies has alerted shareholders that it expects to report a revenue decline of 24.6% for the period between May and October 2021. "The general trading environment in this period has remained constrained in the wake of the ongoing Covid-19 pandemic, the unrest and related...
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