Page 217 - SHB 2020 Issue 1

Profile’s Stock Exchange Handbook: 2020 – Issue 1 JSE – RED

Redefine Properties Ltd. Reinet Investments SCA
RED REI
ISIN: ZAE000190252 ISIN: LU0383812293 SHORT: REINET CODE: RNI
SHORT: RE DE FINE REG NO: B16.576 FOUNDED: 2008 LISTED: 2008
CODE: RDF NATURE OF BUSINESS: Reinet was established on 21 October 2008 when
REG NO: 1999/018591/06 the former Richemont SA changed its legal form to that of a partnership
FOUNDED: 1999 limited by shares and adopted the name Reinet Investments S.C.A.
LISTED: 2000 At the same time as it changed its legal status, Richemont SA redeemed its
NATURE OF BUSINESS: Redefine is a ordinary capital, which was held exclusively by Compagnie Financière
leading South African-based Real Estate Investment Trust (REIT), with Richemont SA (“CFR”), by way of the distribution to CFR of its entire
adiverse, property asset platform valued at R94.5 billion (FY18: R91.3 luxury goods interests. In consequence, CFR became a specifically focused
billion ). Redefine’s portfolio is anchored domestically in directly held luxury goods company and Reinet was established as an investment
retail, office, industrial and specialised properties, and is complemented by vehicle, the principal asset of which was the former Richemont’s interest in
property investments in Poland, the United Kingdom (UK) and Australia. British American Tobacco.
SECTOR: Fins—Rest—Inv—Div SECTOR: Fins—Investment Instruments—Equities—Equities
NUMBER OF EMPLOYEES: 458 NUMBER OF EMPLOYEES: 12
DIRECTORS: Barkhuysen M (ind ne), Dambuza A S P (ind ne), DIRECTORS: Grieve J A (ne, UK), Malherbe J (ne), Rupert J P (Chair),
Langa-Royds N B (ind ne), Naidoo D (ind ne), Sennelo L J (ind ne), van Zyl W (CEO)
Pityana S M (Chair, ind ne), Matthews B (Dep Chair, ld ind ne), Konig MAJOR ORDINARY SHAREHOLDERS as at 27 Dec 2017
A J (CEO), Kok L C (FD) Public Investment Corporation Ltd. 14.61%
MAJOR ORDINARY SHAREHOLDERS as at 31 Aug 2019 Twickenham Holdings Ltd. 9.18%
Government Employees Pension Fund 12.73% POSTAL ADDRESS: 35, Boulevard Prince Henri, L-1724 Luxembourg,
Coronation Asset Management (Pty) Ltd. 5.92% Grand Duchy of Luxembourg
The Redefine Empowerment Trust 5.18% MORE INFO: www.sharedata.co.za/v2/Scripts/Summary.aspx?c=RNI
POSTAL ADDRESS: PO Box 1731, Parklands, 2121 COMPANY SECRETARY: S H Grundmann
EMAIL: investorenquiries@redefine.co.za TRANSFER SECRETARY: Computershare Investor Services (Pty) Ltd.
WEBSITE: www.redefine.co.za SPONSOR: Rand Merchant Bank (A division of FirstRand Bank Ltd.)
TELE PHONE: 011-283-0000 AUDITORS: PwC Sàrl
COMPANY SECRETARY: Bronwyn Baker
TRANSFER SECRETARY: Computershare Investor Services (Pty) Ltd. CAPITAL STRUCTURE AUTHORISED ISSUED
SPONSOR: Java Capital RNI Ords no par value - 195 941 286
AUDITORS: PwC Inc. DISTRIBUTIONS [EURc]
Dep Receipts Ldt Pay Amt
CAPITAL STRUCTURE AUTHORISED ISSUED
RDF Ords no par 10 000 000 000 5 793 183 207 Final No 4 5 Sep 17 15 Sep 17 1.65
Final No 3 6 Sep 16 16 Sep 16 1.61
DISTRIBUTIONS [ZARc]
Ords no par Ldt Pay Amt Scr/100 LIQUIDITY: Jan20 Ave 2m shares p.w., R488.0m(51.0% p.a.)
Final No 61 19 Nov 19 25 Nov 19 48.13 - ALSH 40 Week MA REINET
Interim No 60 21 May 19 27 May 19 49.19 5.18
LIQUIDITY: Nov19 Ave 65m shares p.w., R631.6m(58.4% p.a.)
28267
SAPY 40 Week MA REDEFINE
26162
1348
24056
1230
21951
1111
19846
993 2018 | 2019
875 FINANCIAL STATISTICS
(Amts in EUR’000) Sep 19 Mar 19 Mar 18 Mar 17 Mar 16
757 Interim Final Final Final Final
2014 | 2015 | 2016 | 2017 | 2018 | 2019
Turnover - 239 000 210 000 140 000 407 000
FINANCIAL STATISTICS Op Inc 74 000 187 000 153 000 - 100 000 349 000
(R million) Aug 19 Aug 18 Aug 17 Aug 16 Aug 15 NetIntPd(Rcvd) - 4 000 - 22 000 - 42 000 - 15 000 - 23 000
Final Final Final(rst) Final Final
NetRent/InvInc 5 480 5 438 5 037 4 195 4 335 Minority Int - - - 1 000 2 000
Int Recd 1 062 920 650 596 249 Att Inc 7 000 - 145 000 - 843 000 813 000 175 000
Total Inc 6 542 6 358 5 687 4 792 4 585 Fixed Ass - 4 875 000 5 129 000 - -
Attrib Inc 3 342 6 575 3 329 4 566 5 334 Tot Curr Ass - 5 000 - 386 000 1 000
TotCompIncLoss 3 519 8 086 1 941 4 686 6 133 Ord SH Int - 4 830 000 5 127 000 6 002 000 5 221 000
Hline Erngs-CO 2 139 3 679 4 211 3 471 3 103 LT Liab - - - 813 000 -
Ord UntHs Int 55 960 57 677 53 436 49 360 45 137 Tot Curr Liab - 50 000 2 000 80 000 1 000
TotStockHldInt 56 569 58 149 53 786 49 641 45 137 PER SHARE STATISTICS (cents per share)
Investments 937 1 936 1 454 975 989 HEPS-C (ZARc) 65.00 - 1 177.00 - 6 531.00 640.40 135.33
FixedAss/Prop 78 640 74 469 63 274 51 749 49 934 DPS (ZARc) - 323.81 298.61 25.97 26.00
Tot Curr Ass 3 321 2 850 3 881 2 783 2 723 NAV PS (ZARc) 41 978.00 41 137.80 38 166.00 4 380.90 4 479.20
Total Ass 102 743 98 693 91 493 79 812 70 489
Tot Curr Liab 6 939 5 030 8 654 8 718 3 404 3 Yr Beta - - - 0.84 0.90
Price High 28 365 29 083 29 972 3 617 3 449
PER SHARE STATISTICS (cents per share) Price Low 22 301 19 308 20 813 2 532 2 421
EPS (ZARc) 61.76 123.07 65.88 101.45 142.52 Price Prd End 27 450 24 679 23 000 2 916 3 174
HEPS-C (ZARc) 39.53 68.87 83.60 77.00 82.91 RATIOS
DPS (ZARc) 97.32 97.10 92.00 86.00 80.00
NAV PS (ZARc) 1 047.44 1 083.25 1 022.53 1 055.74 1 033.72 Ret on SH Fnd - - 3.00 - 16.44 13.56 3.39
3 Yr Beta 0.37 0.43 0.67 1.00 - 0.08 Oper Pft Mgn - 78.24 72.86 - 71.43 85.75
Price Prd End 785 1 035 1 066 1 102 1 148 D:E - - - 0.14 -
Price High 1 061 1 217 1 175 1 240 1 268 Current Ratio - 0.10 - 4.83 1.00
Price Low 757 966 1 005 805 910 Div Cover - - 3.63 - 21.87 24.66 5.21
RATIOS
RetOnSH Funds 6.18 11.38 6.32 9.29 12.43
RetOnTotAss 6.41 9.57 8.50 8.32 7.74
Oper Pft Mgn 74.41 75.32 72.97 72.09 68.95
Debt:Equity 0.76 0.64 0.66 0.57 0.53
OperRetOnInv 6.87 7.12 7.78 7.96 8.51
OpInc:Turnover 62.33 64.42 64.62 63.12 65.20
SH Ret On Inv 9.34 9.02 9.05 8.14 7.79
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