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JSE – LEW Profile’s Stock Exchange Handbook: 2020 – Issue 2
EMAIL: graeme@tier1ir.co.za
Lewis Group Ltd. WEBSITE: www.lewisgroup.co.za
TELEPHONE: 021-460-4400
LEW
ISIN: ZAE000058236 FAX: 021-460-4662
SHORT: LEWIS COMPANY SECRETARY: I N T Makomba
CODE: LEW TRANSFER SECRETARY: Computershare
REG NO: 2004/009817/06 Investor Services (Pty) Ltd.
FOUNDED: 1934 SPONSOR: UBS South Africa (Pty) Ltd.
LISTED: 2004 AUDITORS: PwC Inc.
BANKERS: Absa Bank Ltd., First National Bank of
Scan the QR code to Africa Ltd., Investec Bank Ltd., Nedbank Ltd.,
NATURE OF BUSINESS: visit our website Standard Bank Ltd.
Lewis Group is a leading credit
retailer of household furniture, CALENDAR Expected Status
electrical appliances and home Next Final Results 28 May 2020 Unconfirmed
electronics and has beenlisted on the JSE Ltd. since 2004 where it Annual General Meeting 23 Oct 2020 Unconfirmed
is classified under the General Retailers sector. Next Interim Results 25 Nov 2020 Unconfirmed
Through the Lewis, Best Home and Electric, Beares and UFO
ISSUED
brands, the group has a branch network of 787 stores. This CAPITAL STRUCTURE AUTHORISED 78 278 000
Ords 1c ea
LEW
150 000 000
includes stores across all major metropolitan areas as well as a
strong presence in rural South Africa, with 121 stores in the DISTRIBUTIONS [ZARc] Ldt Pay Amt
Ords 1c ea
neighbouring southern African countries of Botswana, Eswatini,
Interim No 31 21 Jan 20 27 Jan 20 120.00
Lesotho and Namibia. Final No 30 16 Jul 19 22 Jul 19 129.00
Lewisisthe country’slargest furniturechain andone of themost Interim No 29 22 Jan 19 28 Jan 19 105.00
recognisablebrandsinfurnitureretailing.MonarchInsurance,the Final No 28 17 Jul 18 23 Jul 18 100.00
group’s financial services subsidiary, provides short-term LIQUIDITY: Mar20 Ave 530 980 shares p.w., R17.3m(35.3% p.a.)
insurancecovertocustomerspurchasingmerchandiseoncredit.
GERE 40 Week MA LEWIS
Focusedprimarilyonthegrowingmiddletolowerincomemarket
10169
in the living standards measurement (“LSM”) 4 to 7 categories,
the group has a credit customer base of close to 575 000. 8519
Customers are predominantly from black communities.
6870
UFO is an independent, cash furniture retailer with a retail
footprint of 39 stores. UFO is recognised as a luxury brand with a 5220
valueofferingtotheupperconsumerspectrum,namelyLSM9+.
3571
SECTOR: Consumer Srvcs—Retail—Gen Retailers—Home Improves
MAJOR ORDINARY SHAREHOLDERS as at 31 Mar 2019 2015 | 2016 | 2017 | 2018 | 2019 | 1921
Trimark Global Endeavour Fund 11.98%
Government Employees Pension Fund 9.11% Recent Announcements
Trimark Global Balanced Fund 5.32% Tuesday, 28 January 2020: Lewis Group’s strategy of diversifying
Trimark Global Endeavor Class 5.02%
across target markets and sales channels continued to offer resil-
FINANCIAL STATISTICS ience in the constrained consumer spending climate for the nine
(R million) Sep 19 Mar 19 Mar 18 Mar 17 Mar 16 months to 31 December 2019.
Interim Final Final(rst) Final(rst) Final
Turnover 3 083 6 137 5 557 5 592 5 785 The group delivered a strong trading performance and increased
Op Inc 244 443 379 564 815 merchandise sales by 6.6% for the first nine months of the
NetIntPd(Rcvd) - 11 - 21 - 13 44 - 465 financialyear. Merchandise sales increased by 6.9% for the third
Tax 84 154 128 163 318 quarter to December 2019, supported by a robust Black Friday
Att Inc 171 310 264 358 962 performance. Comparable stores grew sales by 5.6% for the
TotCompIncLoss 170 295 317 356 503 quarter and 4.0% for the nine months.
Hline Erngs-CO 171 308 261 355 552
Fixed Ass 316 299 302 344 370 Other revenue, consisting of finance charges and initiation fees,
Right of use assets 678 - - - - insurance premiums and services rendered, increased by 5.2%
Inv & Loans 273 276 471 456 432 for the quarter and by 5.6% for the nine months.
Def Tax Asset 196 195 11 49 86 Total revenue, comprising merchandise sales and other
Trademarks 121 122 118 66 61 revenue, increased by 6.3% for the quarter and 6.2% for the nine
Goodwill 188 188 188 6 - months. Debtor costs continued to show an improving trend,
Retirement Benefit Ass 75 79 91 55 63 supported by strong collections and a resultant improvement in
Tot Curr Ass 4 759 4 630 5 736 6 494 8 393 collection rates, reducing by 0.8% for the quarter and 0.6% for
Ord SH Int 4 781 4 876 5 449 5 440 5 449 the nine months. The financial information in this trading
LT Liab 725 130 211 891 1 536
Tot Curr Liab 1 100 783 1 257 1 137 2 420 update has not been reviewed or reported on by the group’s
PER SHARE STATISTICS (cents per share) independent auditor.
EPS (ZARc) 215.00 377.50 306.80 402.90 1 082.64
HEPS-C (ZARc) 215.10 376.20 302.60 399.50 621.70
DPS (ZARc) 120.00 234.00 200.00 200.00 517.00
NAV PS (ZARc) 6 111.00 6 081.00 6 534.00 6 127.00 6 158.00
Price High 3 897 4 995 4 550 5 411 10 162
Price Low 2 963 2 540 2 250 2 795 3 900
Price Prd End 3 180 3 110 4 220 4 150 4 700
RATIOS
Ret on SH Fnd 7.16 6.35 4.85 6.58 17.64
Ret On Tot Ass 8.90 8.50 6.92 7.04 13.70
Oper Pft Mgn 7.90 7.22 6.83 10.09 14.10
D:E 0.15 0.03 0.14 0.21 0.39
Current Ratio 4.33 5.92 4.56 5.71 3.95
Div Cover 1.79 1.61 1.53 2.01 2.09
NUMBER OF EMPLOYEES: 7 894
DIRECTORS: Abrahams Prof F (ind ne), Bodasing A (ne),
MotsepeDR(ind ne), NjikizanaTH(ind ne), Saven H (Chair, ind ne),
SmartAJ(ind ne), Westcott D (ind ne), Enslin J (CEO),
Bestbier J (CFO)
POPULAR BRAND NAMES: Lewis, Best Home and Electric, Beares, UFO,
Monarch Insurance, INspire
POSTAL ADDRESS: PO Box 43, Woodstock, Cape Town, 7915
162