Page 110 - SHB 2020 Issue 1

JSE – BEL Profile’s Stock Exchange Handbook: 2020 – Issue 1
POSTAL ADDRESS: Private Bag X20046,
Bell Equipment Ltd. Empangeni, 3880
BEL EMAIL: Diana.McIlrath@za.bellequipment.com
ISIN: ZAE000028304 WEBSITE: www.bellequipment.com
SHORT: BELL TELE PHONE: 035-907-9111 FAX: 035-797-4453
CODE: BEL COMPANY SECRETARY: D McIlrath
REG NO: 1968/013656/06 TRANSFER SECRETARY: Link Market Services
FOUNDED: 1968
LISTED: 1995 South Africa (Pty) Ltd.
SPONSOR: Investec Bank Ltd.
Scan the QR code to
NATURE OF BUSINESS: visit our Investor AUDITORS: Deloitte & Touche
Bell Equipment is a leading global man u fac turer, dis trib u tor Centre BANKERS: Absa Bank Ltd., Barclays Bank Plc,
Commerz Bank AG, First National Bank, a
and exporter of a wide range of heavy equipment for the con - division of FirstRand Bank Ltd., Investec Bank
struction, mining, quarrying, sugar, forestry and waste Ltd., Landesbank, Nedbank Ltd., Stanbic Bank Zambia, Stanbic Bank
handling in dus tries worldwide. Zimbabwe, Standard Bank of South Africa Ltd.
The ADT is the group’s core OEM product and Bell is ac knowl - SEGMENTAL REPORTING as at 30 Jun 19 (as a % of Assets) 90.26%
Manufacturing, assembly, logistics and sales
edged globally as an ADT spe cial ist for its ongoing in no va tions Direct Sales operations 31.33%
and the class leading per for mance of its ADTs. Other operations and inter-segmental eliminations -21.59%
Machines are marketed, dis trib uted and supported, both locally
and in ter na tion ally, through a wide network of branches and CALENDAR Expected Status
in de pend ent dealers. Next Final Results Mar 2020 Un con firmed
The group has also strengthened its trading base through Annual General Meeting May 2020 Un con firmed
strategic alliance agree ments with other global companies and Next Interim Results Sep 2020 Un con firmed
is an appointed dis trib u tor in selected African ter ri to ries rep re -
ISSUED
sent ing several leading in ter na tional brands with almost 200 CAPITAL STRUCTURE AUTHORISED 95 629 385
Ords no par value
100 000 000
BEL
products well suited to all ap pli ca tions.
As a South African company that employs locally, Bell DISTRIBUTIONS [ZARc] Ldt Pay Amt
Ords no par value
Equipment is an integral part of the com mu ni ties in which it Interim 23 Sep 19 30 Sep 19 20.00
operates and takes its re spon si bil i ties as a corporate citizen Final 2 Apr 19 8 Apr 19 25.00
seriously. The group purchases from local suppliers wherever Interim 18 Sep 18 25 Sep 18 20.00
possible and invests in mean ing ful outreach op por tu ni ties with Final 3 Apr 18 9 Apr 18 25.00
a par tic u lar focus on education, training and de vel op ment both LIQUIDITY: Nov19 Ave 74 335 shares p.w., R909 598.2(4.0% p.a.)
internally and externally.
INDE 40 Week MA BELL
SECTOR: Ind—Ind Goods&Srvcs—Ind Engineering—Vehicles&Trucks
MAJOR ORDINARY SHAREHOLDERS as at 28 Dec 2018
I A Bell and Company (Pty) Ltd. 37.36% 1902
John Deere 31.37%
Investec 4.24% 1545
FINANCIAL STATISTICS
1188
(R million) Jun 19 Dec 18 Dec 17 Dec 16 Dec 15
Interim Final Final(rst) Final(rst) Final(rst) 831
Turnover 4 044 7 543 6 873 6 002 5 901
Op Inc 272 454 403 148 268 474
2014 | 2015 | 2016 | 2017 | 2018 | 2019
NetIntPd(Rcvd) 51 48 - 33 61
Tax 69 129 131 77 65 Recent Announcements
Minority Int - 5 7 12 1 -
Att Inc 157 270 260 37 141 Thursday, 21 November 2019: Bell Equipment shareholders are
TotCompIncLoss 143 426 247 - 166 427 referred to the cau tion ary an nounce ment released on SENS on
Hline Erngs-CO 157 265 257 46 132 16 October 2019 relating to the en gage ment by the Company in
Fixed Ass 905 886 691 704 687 dis cus sions which may culminate in the in tro duc tion of a Black
Inv & Loans 27 24 - - - Economic Em pow er ment(“BEE”) share holder into Bell
Def Tax Asset 111 128 102 91 97 Equipment Company S A (Pty) Ltd, the man u fac tur ing sub sid -
Tot Curr Ass 5 588 5 184 4 246 3 478 3 856
Ord SH Int 3 477 3 353 2 977 2 758 2 940 iary of the Company (“the proposed BEE trans ac tion”).
Minority Int 14 19 12 - 7 The cau tion ary an nounce ment is still relevant and ap pli ca ble.
LT Liab 638 606 352 322 293 Ac cord ingly, share hold ers are advised to continue to exercise
Tot Curr Liab 2 978 2 551 2 017 1 427 1 648 caution when dealing in the Company’s shares until a further
PER SHARE STATISTICS (cents per share) announcement is made.
EPS (ZARc) 165.00 283.00 273.00 39.00 148.00 Wednesday, 06 November 2019: Share hold ers are advised that due to
HEPS-C (ZARc) 164.00 278.00 270.00 48.00 138.00 Ashley Bell’s res ig na tion from the employ of the Bell Equipment
Pct chng p.a. 18.0 3.0 462.5 - 65.2 181.6
Tr 5yr av grwth % - 101.5 97.1 1.2 205.4 Group, his status will change from Executive to Non-executive
DPS (ZARc) 20.00 45.00 45.00 - - Director, effective 1 December 2019.
Tr 5yr av grwth % - - - 20.0 - 20.0 - 20.0 Wednesday, 16 October 2019: Bell Equipment shareholders are
NAV PS (ZARc) 3 650.00 3 526.00 3 136.00 2 894.00 3 098.00 advised that the Company is engaged in dis cus sions which may
3 Yr Beta 0.34 0.84 0.92 - 0.24 - 0.15 culminate in the in tro duc tion of a Black Economic Em pow er -
Price High 1 265 1 700 1 641 1 400 1 040 ment(“BEE”) share holder into Bell Equipment Company S A
Price Low 900 1 100 765 875 556
Price Prd End 1 000 1 265 1 285 1 210 875 (Pty) Ltd., the man u fac tur ing sub sid iary of the Company (“the
RATIOS proposed BEE trans ac tion”).
Ret on SH Fnd 8.73 8.20 9.10 1.35 5.17 The proposed BEE trans ac tion, if suc cess fully concluded, may
Ret On Tot Ass 6.48 6.44 7.86 3.95 5.95 have an effect on the market price at which Bell Equip ment’s
Oper Pft Mgn 6.73 6.02 5.87 2.47 4.55 shares trade on the JSE Ltd.
D:E 0.52 0.53 0.36 0.15 0.14
Int Cover 5.35 9.36 n/a 4.55 4.37 Accordingly, Bell Equipment shareholders are advised to
Current Ratio 1.88 2.03 2.11 2.44 2.34 exercise caution when dealing in the Company’s shares until a
Div Cover 8.25 6.29 6.07 - - further announcement is made.
NUMBER OF EMPLOYEES: 3 188 Bell interim results June 2019 - Monday, 09 September 2019:
DIRECTORS: Barton J R (ld ind ne), Bell A J, Goordeen A (alt), Revenue for the interim period increased to R4.044 billion
Lawrance D H (ind ne), Naidu R (ind ne), Ramathe M (ind ne),
van der Merwe H R (ind ne), Bell G W (Chair, ne), Goosen L (CEO), (2018: R3.730 billion), gross profit rose to R799.9 million
van Haght K J (Group FD) (2018: R639.7 million).
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