Page 182 - SHB 2020 Issue 1

JSE – MER Profile’s Stock Exchange Handbook: 2020 – Issue 1
African and six international operations within two distinct business
Merafe Resources Ltd. verticals. The businesses manufacture, assemble, distribute and retail
energy storage solutions and automotive components in Africa, Europe,
MER
ISIN: ZAE000060000 SHORT: MERAFE CODE: MRF the Middle East, Turkey and Russia.
REG NO: 1987/003452/06 FOUNDED: 1987 LISTED: 1988 SECTOR: Consumer—Automobiles&Parts—Auto&Parts—Parts
NATURE OF BUSINESS: Merafe is listed on the JSE Ltd. in the General NUMBER OF EMPLOYEES: 9 301
Mining sector under the share code MRF. Currently, the main focus of DIRECTORS: Derby P P J (ind ne), Flemming C M D (ind ne),
Merafe’s business is on the 20.5% participation of its wholly owned Mawasha B (ind ne), Mgoduso T N (ind ne), Mkhondo N (ind ne),
subsidiary, Merafe Ferrochrome and Mining (Pty) Ltd., in the earnings Molefe P (ind ne), Motau H G (ind ne), Muell M H (ind ne),
before interest, tax depreciation and amortisation (EBITDA) of the Sithole S (ind ne), Pretorius S G (Chair, ind ne), Loock C T (MD),
Glencore-Merafe Chrome Venture (the Venture), in which Glencore has a Douwenga S (FD)
79.5% participation. Merafe and Glencore South Africa operations MAJOR ORDINARY SHAREHOLDERS as at 03 Sep 2019
(Glencore) formed the Venture in July 2004 when the companies pooled Kagiso Asset Management (Pty) Ltd. 10.05%
their chrome operations to create the largest ferrochrome producer in the
world. Government Employees Pension Fund 9.51%
Value Capital Partners (Pty) Ltd.
8.91%
SECTOR: Basic Materials—Basic Resrcs—Mining—Gen Mining POSTAL ADDRESS: PO Box 2077, Saxonwold, 2132
NUMBER OF EMPLOYEES: 7 482 MORE INFO: www.sharedata.co.za/v2/Scripts/Summary.aspx?c=MTA
DIRECTORS: Blankfield S (ne), Majova B (ind ne), McClaughlan COMPANY SECRETARY: S M Vermaak
J (ind ne), Mosweu M T (ne), Motau H G (ind ne), Vuso M J (ind ne), TRANSFER SECRETARY: Computershare Investor Services (Pty) Ltd.
Mngomezulu A (Chair, ind ne), Matlala Z (CEO), Chocho D (FD)
MAJOR ORDINARY SHAREHOLDERS as at 31 Dec 2018 SPONSOR: One Capital
Glencore BV 28.68% AUDITORS: PwC Inc.
Industrial Development Corporation of SA Ltd. 21.78% CAPITAL STRUCTURE AUTHORISED ISSUED
PSG Asset Management (Pty) Ltd. 5.85% MTA Ords no par value 400 000 000 198 985 886
POSTAL ADDRESS: PO Box 652157, Benmore, 2010
MORE INFO: www.sharedata.co.za/v2/Scripts/Summary.aspx?c=MRF DISTRIBUTIONS [ZARc]
Amt
Ldt
Pay
COMPANY SECRETARY: CorpStat Governance Services Ords no par value 15 Apr 19 23 Apr 19 100.00
Final No 68
TRANSFER SECRETARY: Link Market Services South Africa (Pty) Ltd. Final No 67 17 Apr 18 23 Apr 18 80.00
SPONSOR: One Capital Sponsor Services (Pty) Ltd.
AUDITORS: Deloitte & Touche LIQUIDITY: Jan20 Ave 2m shares p.w., R43.5m(53.9% p.a.)
CAPITAL STRUCTURE AUTHORISED ISSUED AUTM 40 Week MA METAIR
MRF Ords 1c ea 3 500 000 000 2 510 704 248
3734
DISTRIBUTIONS [ZARc]
Ords 1c ea Ldt Pay Amt 3277
Final No 12 26 Mar 19 1 Apr 19 6.00
Interim No 11 28 Aug 18 3 Sep 18 7.97 2819
LIQUIDITY: Jan20 Ave 8m shares p.w., R10.3m(15.9% p.a.) 2362
MINI 40 Week MA MERAFE
1904
1447
2015 | 2016 | 2017 | 2018 | 2019
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FINANCIAL STATISTICS
139 (R million) Jun 19 Dec 18 Dec 17 Dec 16 Dec 15
Interim Final Final Final Final
110 Turnover 5 344 10 277 9 517 8 954 7 732
Op Inc 499 1 009 848 731 790
80
NetIntPd(Rcvd) 102 186 175 155 103
Minority Int 21 32 31 20 27
51
2015 | 2016 | 2017 | 2018 | 2019
Att Inc 309 667 556 448 527
FINANCIAL STATISTICS TotCompIncLoss 45 382 149 - 661 927
(R million) Jun 19 Dec 18 Dec 17 Dec 16 Dec 15 Fixed Ass 2 634 2 538 2 606 2 857 3 327
Interim Final Final(rst) Final Final Tot Curr Ass 4 800 4 493 4 072 3 780 4 115
Revenue 2 789 5 606 5 889 5 702 4 428 Ord SH Int 3 961 4 166 4 076 4 077 4 877
Op Inc 245 940 1 297 803 542 Minority Int 111 121 119 103 97
NetIntPd(Rcvd) 8 - 4 19 59 63 LT Liab 1 788 1 587 1 754 1 608 2 579
Att Inc 165 683 914 532 343 Tot Curr Liab 2 932 2 547 2 155 2 244 1 487
TotCompIncLoss 165 683 914 532 343 PER SHARE STATISTICS (cents per share)
Fixed Ass 3 240 3 278 3 271 3 235 3 240 HEPS-C (ZARc) 160.00 327.00 281.00 229.00 248.00
Tot Curr Ass 3 446 3 271 3 053 3 017 2 099 DPS (ZARc) - 100.00 80.00 70.00 62.00
Ord SH Int 4 908 4 893 4 636 3 897 3 415 NAV PS (ZARc) 2 068.00 2 167.00 2 059.00 2 059.00 2 468.00
LT Liab 1 131 1 136 1 084 1 175 1 379 3 Yr Beta 0.07 0.01 0.72 0.78 0.95
Tot Curr Liab 679 550 635 1 199 564
Price High 2 462 2 450 2 600 2 780 3 882
PER SHARE STATISTICS (cents per share) Price Low 1 600 1 350 1 731 1 725 2 140
HEPS-C (ZARc) 6.60 27.20 36.40 21.20 13.90 Price Prd End 2 355 1 950 2 150 2 200 2 713
DPS (ZARc) - 13.97 12.00 4.80 2.19 RATIOS
NAV PS (ZARc) 195.47 194.88 184.63 155.22 136.01 Ret on SH Fnd 16.22 16.31 14.00 11.20 11.15
3 Yr Beta 0.74 0.81 0.81 0.44 0.63 Oper Pft Mgn 9.33 9.81 8.91 8.17 10.21
Price High 153 174 201 165 105 D:E 0.79 0.59 0.59 0.63 0.59
Price Low 110 126 108 50 49 Current Ratio 1.64 1.76 1.89 1.68 2.77
Price Prd End 125 142 149 165 68 Div Cover - 3.38 3.51 3.24 4.31
RATIOS
Ret on SH Fnd 6.73 13.97 19.72 13.66 10.06 Metrofile Holdings Ltd.
Oper Pft Mgn 8.79 16.77 22.03 14.09 12.25
MET
D:E 0.23 0.23 0.25 0.44 0.44 ISIN: ZAE000061727 SHORT: METROFILE CODE: MFL
Current Ratio 5.08 5.94 4.80 2.52 3.72 REG NO: 1983/012697/06 FOUNDED: 1983 LISTED: 1995
Div Cover - 1.95 3.03 4.42 6.26 NATURE OF BUSINESS: Metrofile Holdings Ltd. holds 100% investment
in Metrofile (Pty) Ltd., Metrofile Management Services (Pty) Ltd.,
Metair Investments Ltd. Infovault (Pty) Ltd. (in liquidation), Global Continuity (SA) (Pty) Ltd.,
CSX Customer Services(Pty) Ltd., Cleardata (Pty) Ltd., Tidy Files (SA)
MET (Pty) Ltd., a 40% investment in Lexie Legal Services (Pty) Ltd. and a 62.5%
ISIN: ZAE000090692 SHORT: METAIR CODE: MTA investment in Dexterity Solutions (Pty) Ltd.
REG NO: 1948/031013/06 FOUNDED: 1948 LISTED: 1949 SECTOR: Ind—Ind Goods&Srvcs—Support Srvcs—Bus Support Srvcs
NATURE OF BUSINESS: Metair Investments Ltd. is listed on the NUMBER OF EMPLOYEES: 1 615
Johannesburg Securities Exchange (JSE) and headquartered in
Johannesburg. The company holds investments and manages 11 South
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