Page 103 - SHBe20.vp

Profile’s Stock Exchange Handbook: 2020 – Issue 2 JSE – BEL
WEBSITE: www.bellequipment.com
Bell Equipment Ltd. TELEPHONE: 035-907-9111 FAX: 035-797-4453
BEL COMPANY SECRETARY: D McIlrath
ISIN: ZAE000028304 TRANSFER SECRETARY: Link Market Services
SHORT: BELL South Africa (Pty) Ltd.
CODE: BEL SPONSOR: Investec Bank Ltd.
REG NO: 1968/013656/06
FOUNDED: 1968 AUDITORS: Deloitte & Touche
LISTED: 1995 BANKERS: Absa Bank Ltd., Barclays Bank Plc,
Commerz Bank AG, First National Bank, a
Scan the QR code to division of FirstRand Bank Ltd., Investec Bank
NATURE OF BUSINESS: visit our Investor Ltd., Landesbank, Nedbank Ltd., Stanbic Bank
Bell Equipment is a leading global manufacturer, distributor Centre Zambia, Stanbic Bank Zimbabwe, Standard Bank
and exporter of a wide range of heavy equipment for the con- of South Africa Ltd.
struction, mining, quarrying, sugar, forestry and waste SEGMENTAL REPORTING as at 30 Jun 19 (asa%of Assets)
handling industries worldwide. Manufacturing, assembly, logistics and sales 90.26%
The ADTis thegroup’s coreOEMproduct andBellis acknowl- Direct Sales operations 31.33%
edgedgloballyasanADTspecialistforitsongoinginnovations Other operations and inter-segmental eliminations -21.59%
and the class leading performance of its ADTs. CALENDAR Expected Status
Machines are marketed, distributed and supported, both
locally and internationally, through a wide network of Next Final Results May 2020 Unconfirmed
branches and independent dealers. Annual General Meeting Jun 2020 Unconfirmed
The group has also strengthened its trading base through Next Interim Results Sep 2020 Unconfirmed
strategicallianceagreementswith other globalcompaniesand
is an appointed distributor in selected African territories rep- CAPITAL STRUCTURE AUTHORISED ISSUED
resenting several leading international brands with almost BEL Ords no par value 100 000 000 95 629 385
200 products well suited to all applications. DISTRIBUTIONS [ZARc]
As a South African company that employs locally, Bell Ords no par value Ldt Pay Amt
Equipment is an integral part of the communities in which it Interim 23 Sep 19 30 Sep 19 20.00
operates and takes its responsibilities 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 meaningful outreach opportunities Final 3 Apr 18 9 Apr 18 25.00
with a particular focus on education, training and development LIQUIDITY: Apr20 Ave 54 907 shares p.w., R552 341.4(3.0% p.a.)
both internally and externally.
INDE 40 Week MA BELL
SECTOR: Ind—Ind Goods&Srvcs—Ind Engineering—Vehicles&Trucks 1600
MAJOR ORDINARY SHAREHOLDERS as at 28 Dec 2018
I A Bell and Company (Pty) Ltd. 37.36% 1300
John Deere 31.37%
Investec 4.24% 1000
FINANCIAL STATISTICS
700
(R million) Jun 19 Dec 18 Dec 17 Dec 16 Dec 15
Interim Final Final(rst) Final(rst) Final(rst)
400
Turnover 4 044 7 543 6 873 6 002 5 901
Op Inc 272 454 403 148 268 100
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 Wednesday, 29 April 2020: Further to the SENS announcement
TotCompIncLoss 143 426 247 - 166 427 released by the Company on 1 April 2020 notifying shareholders
Hline Erngs-CO 157 265 257 46 132 of the extension granted to the Company by the JSE to 30 April
Fixed Ass 905 886 691 704 687 2020 in order for the Company to finalise its year-end financial
Inv & Loans 27 24 - - - results for the year ended 31 December 2019, shareholders are
Def Tax Asset 111 128 102 91 97 referred to the JSE announcement published on SENS on 3 April
Tot Curr Ass 5 588 5 184 4 246 3 478 3 856 2020 advising the market that the outbreak of the COVID-19
Ord SH Int 3 477 3 353 2 977 2 758 2 940 pandemic and subsequent national lockdown in South Africa has
Minority Int 14 19 12 - 7
LT Liab 638 606 352 322 293 caused business continuity challenges and significant financial
Tot Curr Liab 2 978 2 551 2 017 1 427 1 648 reporting challenges for issuers.
The JSE also advised that the Financial Sector Conduct Authority
PER SHARE STATISTICS (cents per share)
EPS (ZARc) 165.00 283.00 273.00 39.00 148.00 (‘FSCA’) hadconsideredarequestmadebythe JSEto extend
HEPS-C (ZARc) 164.00 278.00 270.00 48.00 138.00 certain financial reporting deadlines. On 3 April 2020, the FSCA
Pct chng p.a. 18.0 3.0 462.5 - 65.2 181.6 issued a market notice announcing that issuers with year-ends of
Tr 5yr av grwth % - 101.5 97.1 1.2 205.4 31 December 2019, 31 January 2020, 29 February 2020 and 31
DPS (ZARc) 20.00 45.00 45.00 - - March 2020 will receive temporary relief of two months within
Tr 5yr av grwth % - - - 20.0 - 20.0 - 20.0 which to complete their year-end financial reporting process
NAV PS (ZARc) 3 650.00 3 526.00 3 136.00 2 894.00 3 098.00 (‘Market Notice’) should this be required by the issuers.
3 Yr Beta 0.34 0.84 0.92 - 0.24 - 0.15
Price High 1 265 1 700 1 641 1 400 1 040 Shareholders are advised that the Company will be placing
Price Low 900 1 100 765 875 556 reliance on the Market Notice and will be utilising the two month
Price Prd End 1 000 1 265 1 285 1 210 875 extension in order to finalise the year-end financial results. Ac-
RATIOS cordingly, the Company now expects to release its 2019 results
Ret on SH Fnd 8.73 8.20 9.10 1.35 5.17 before 31 May 2020.
Ret On Tot Ass 6.48 6.44 7.86 3.95 5.95 Bell Equipment supports the South African government’s struc-
Oper Pft Mgn 6.73 6.02 5.87 2.47 4.55 turedandgradualphasingoutofthecountry’slockdown.Thereis
D:E 0.52 0.53 0.36 0.15 0.14 still widespread uncertainty associated with the COVID-19
Int Cover 5.35 9.36 n/a 4.55 4.37
Current Ratio 1.88 2.03 2.11 2.44 2.34 pandemic and the group is closely monitoring the situation and
Div Cover 8.25 6.29 6.07 - - adapting the business to mitigate some of the impact as the
NUMBER OF EMPLOYEES: 3 188 situation develops. The safety and well-being of the group’s
DIRECTORS: BartonJR(ld ind ne), BellAJ(ne), Goordeen A (alt), employees is paramount and will remain the group’s first
LawranceDH(ind ne), Naidu R (ind ne), Ramathe M (ind ne), priority. In this regard measures were implemented by the group
van der MerweHR(ind ne), Bell G W (Chair, ne), Goosen L (CEO), prior to the South African lockdown to prevent and minimise
van Haght K J (Group FD) potential infections and transmissionsofthe viruswithinits oper-
POSTAL ADDRESS: Private Bag X20046, Empangeni, 3880 ations globally.
EMAIL: Diana.McIlrath@bellequipment.com
99