BID Corporation Limited. JSE: BID

Bidcorp shares

Background of Bidcorp

  • Formerly a division of Bidvest, Bidcorp is a diversified, large-scale food services group which listed as a standalone entity on the Johannesburg Stock Exchange (JSE) in May 2016. The company was unbundled by Bidvest and listed at a value of around R90 billion, making it the largest primary listing on the JSE since Vodacom in 2009.

  • Bidcorp’s businesses focus on everything from catering to food processing, operating in more than 20 countries in southern Africa, Europe, Australasia, South America and the Middle East. Services are for sale mainly to pubs, restaurants and hotels. The group occupies well-established, leading and rapidly growing market positions across a good balance of developed and developing countries. The live online stocks chart shows that Bidcorp share price has been volatile in its short history on the JSE, but this data is expected to improve as more investors buy into the new company.

Bidcorp Shares Growth Driver

  • Bidcorp historically accounted for more than half of the Bidvest Group’s operating profit. Bidvest decided to unbundle Bidcorp after it reached fantastic success in its market, with the belief that it was more valuable as a standalone listed company.

  • The unbundling was aimed to provide Bidvest and Bidcorp with their own identities and independence. The move has been widely lauded as a significant step in boosting Bidcorp’s journey to becoming a worldwide leader in the food service industry, positioning the company perfectly for organic and acquisitive growth.

  • The listing will further allow management to fully buy into realising opportunities in the food service industry, mitigate and manage specific risks, and create a more comprehensive and clear platform for growth. The listing of Bidcorp represents a significant development in the growing consumer services industry, and gives investors a chance to buy specifically into Bidvest’s extensive food assets.

  • Another factor in Bidcorp’s success is its wide geographical footprint. With operations across five continents, in both developed and developing economics, the company is well set to deal with global economic challenges.

Bidcorp Group Investor Tip

  • Bidcorp’s executive team have acknowledged that Bidcorp share price will be volatile at first, as would naturally be the case for a company which has just listed on the JSE. The company is however now superbly positioned for the next phase of its growth and internationalisation. The forecast is that Bidcorp will effectively capitalise
    on its powerful position in the food services industry and grow its global footprint. With a range of global opportunities and the potential to boost the performance of its existing asset portfolio, the prospects for investors who buy Bidcorp shares look promising. Analysts are of the opinion that Bidcorp share price may record strong growth going forward, making the shares a solid and low-risk purchase.

Bidcorp Major Shareholders

Government Employees Pension Fund, JP Morgan Chase and Co, GIC Asset Management.

  • Sector

    Consumer Discretionary

  • Industry

    Commercial Services

  • Sub industry

    Food Services

How to buy Bidcorp Group Shares

  • Bidcorp : How to buy Bidcorp Group Shares Online

    We have made it simple to buy JSE listed firm shares online. The easiest way to buy Bidcorp Group shares or stocks is to; start by submitting the ‘BUY THIS SHARE’ form. Next, one of our experienced and certified stock brokers will personally get in contact with you to discuss your custom stock request. Finally, a stock advisor will confirm the amount of shares you are looking to invest in Bidcorp Group and assist you with the setup and management of your stock portfolio account.

  • Here are the steps you must follow to Buy / Purchase Bidcorp Group shares with utmost confidence:

    1. Start by Filling in the BUY THIS SHARE form.
    2. Insert your name, email, telephone number and monthly remuneration.
    3. Then, Indicate the amount you are looking to invest in Bidcorp Group.
    4. Click the “ INVEST NOW” button
    5. Once we have received your info, a dedicated stock advisor will personally call you back to discuss your personal share request.
    6. Lastly, your newly appointed personal stock advisor will handle all account setups and reporting as stipulated by the financial services board of South Africa (FSB)
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