Page 222 - SHB 2020 Issue 1

JSE – REU Profile’s Stock Exchange Handbook: 2020 – Issue 1
POPULAR BRAND NAMES: African Cables,
Reunert Ltd. CBI-electric, ECN, Nashua, Reutech
Communications, Reutech Radar Systems,
REU
Reutech Solutions, Skywire
POSTAL ADDRESS: PO Box 784391, Sandton,
2146
EMAIL: invest@reunert.co.za
WEBSITE: www.reunert.com
TELE PHONE: 011-517-9000
Scan the QR code to COMPANY SECRETARY: Reunert Management
visit our website Services
TRANSFER SECRETARY: Computershare
Investor Services (Pty) Ltd.
ISIN: ZAE000057428 SHORT: REUNERT CODE: RLO SPONSOR: One Capital
REG NO: 1913/004355/06 FOUNDED: 1888 LISTED: 1948 AUDITORS: Deloitte & Touche
BANKERS: Investec, Nedbank Ltd., Standard Bank
NATURE OF BUSINESS: SEGMENTAL REPORTING as at 30 Sep 18 (as a % of Assets)
Reunert Ltd. is a South African-based in dus trial group in the Electrical Engineering 47.61%
31.89%
Information Communication Technologies
in dus trial goods and services sector. It manages a number of Applied Electronics 20.36%
busi nesses focused on elec tri cal en gi neer ing, in for ma tion and Other 0.14%
com mu ni ca tion tech nol o gies and applied elec tron ics.
Reunert’s employees are highly qualified and experienced CALENDAR Expected Status
engineers, tech ni cians, research and de vel op ment experts and Annual General Meeting 10 Feb 2020 Con firmed
field support staff. Reunert owns well-known brands such as Next Interim Results 27 May 2020 Un con firmed
Nashua, CBI-electric and Reutech. Reunert promotes a de cen - Next Final Results 25 Nov 2020 Un con firmed
tralised management style. While operating decisions are
made by the businesses, the Reunert board and executive CAPITAL STRUCTURE AUTHORISED ISSUED
team define and monitor long-term strategic plans, risks, per - RLO Ords no par value 235 000 000 184 950 196
for mance and investment decisions. DISTRIBUTIONS [ZARc]
Ords no par value Ldt Pay Amt
SECTOR: Ind—Ind Goods&Srvcs—Elec&Elec Equip—Componts&Equip Final No 187 14 Jan 20 20 Jan 20 383.00
MAJOR ORDINARY SHAREHOLDERS as at 05 Nov 2019 Interim No 186 18 Jun 19 24 Jun 19 130.00
Public Investment Corporation Ltd. 11.20% Final No 185 15 Jan 19 21 Jan 19 368.00
Old Mutual Investment Group (SA) (Pty) Ltd. 6.90% Interim No 184 19 Jun 18 25 Jun 18 125.00
Pzena Investment Management LLC 6.00%
LIQUIDITY: Nov19 Ave 2m shares p.w., R122.6m(45.2% p.a.)
FINANCIAL STATISTICS
(R million) Sep 19 Sep 18 Sep 17 Sep 16 Sep 15 ELEE 40 Week MA REUNERT
Final Final Final Final Final 8200
Turnover 10 714 10 492 9 773 8 511 8 300
Op Inc 1 361 1 542 1 497 1 315 1 167 7220
NetIntPd(Rcvd) 15 - 11 - 65 - 137 - 135
6240
Tax 387 358 437 404 360
Minority Int 14 - 6 30 9 7 5260
Att Inc 790 1 158 1 112 954 994
TotCompIncLoss 809 1 087 1 150 944 1 004 4280
Hline Erngs-CO 924 1 135 1 111 942 948
3300
Fixed Ass 1 292 1 297 1 095 1 019 745 2014 | 2015 | 2016 | 2017 | 2018 | 2019
FinCo Acc Rec 2 082 1 990 1 682 1 449 1 463
Inv & Loans 214 214 214 205 253 Recent Announcements
Def Tax Asset 143 151 105 104 92 Reunert final results September 2019 - Tuesday, 19 November 2019:
Tot Curr Ass 5 574 5 748 6 072 6 395 6 193 Revenue for the year grew 2% to 10.714 billion (2018: R10.492
Ord SH Int 7 312 7 438 7 138 7 011 6 679 billion). EBITDA dropped 10% to R1.526 billion (2018: R1.699
Minority Int 119 88 105 81 46 billion), operating profit was 12% lower at R1.361 billion
LT Liab 209 381 306 145 337 (2018: R1.542 billion) and profit at trib ut able to equity holders
Tot Curr Liab 2 664 2 546 2 540 2 672 2 337
of Reunert decreased by 32% to R790 million (2018: R1.158
PER SHARE STATISTICS (cents per share) billion). In addition, headline earnings per share was 19% less at
EPS (ZARc) 490.00 717.00 680.00 577.00 604.00 573 cents per share (2018: 703 cents per share).
HEPS-C (ZARc) 573.00 703.00 679.00 570.00 588.00 Dividend
Pct chng p.a. - 18.5 3.5 19.1 - 3.1 16.3
Tr 5yr av grwth % 3.5 4.5 1.5 - 0.3 4.0 The final and total dividend increase of 4% is again inflation
DPS (ZARc) 513.00 493.00 474.00 439.00 407.00 related and re flec tive of the Group’s pleasing cash per for mance.
Pct chng p.a. 4.1 4.0 8.0 7.9 10.0 It takes cognisance of the Group’s ungeared statement of
Tr 5yr av grwth % 6.8 6.0 5.2 6.0 7.4 financial position and the Company’s strategic plans going
NAV PS (ZARc) 3 952.43 4 020.54 3 872.52 3 810.21 4 047.00 forward.
3 Yr Beta 0.13 0.35 0.24 0.58 - 0.11 Therefore, notice is hereby given that a gross final cash dividend
Price High 8 422 8 875 7 768 7 560 6 924 number 187 of 383.0 cents per ordinary share (2018: 368.0
Price Low 6 014 6 473 5 933 5 650 5 398 cents per share) has been declared by the directors for the year
Price Prd End 6 900 7 600 6 772 6 110 6 100 ended 30 September 2019.
RATIOS
Ret on SH Fnd 10.82 15.31 15.77 13.58 14.88 Company prospects
Ret On Tot Ass 14.45 16.51 17.44 16.14 15.08 Reunert’s ICT and AE segments continue to perform well as
Oper Pft Mgn 12.70 14.70 15.32 15.45 14.06 their strategic execution trans lates into good financial per for -
D:E 0.07 0.08 0.07 0.08 0.06 mance. We expect this to continue into the new financial year.
Int Cover 80.47 n/a n/a n/a n/a There remains un cer tainty on the timing, rate and quantum of
Current Ratio 2.09 2.26 2.39 2.39 2.65 any EE recovery. Current in dus trial action is likely to neg a tively
Div Cover 0.96 1.45 1.43 1.31 1.48 impact the first half of 2020.
NUMBER OF EMPLOYEES: 6 656 Our statement of financial position remains strong and cash
DIRECTORS: Abdool-Samad T (ind ne), Darko A B (ind ne), flow gen er a tion is expected to continue at levels that support
Fourie P (ind ne), Hulley J P (ind ne), Jagoe S D (ld ind ne), Martin
S (ind ne), Matshoba-Ramuedzisi T (ind ne), Moodley M, our dividend phi los o phy and op er a tional and strategy
Orleyn Adv N D B (ne), Pretorius S G (ind ne), van Rooyen R (ind ne), execution.
Munday T S (Chair, ind ne), Dickson A E (CEO), Thomson N A (CFO)
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