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JSE – REB Profile’s Stock Exchange Handbook: 2020 – Issue 2
Rebosis Property Fund Ltd. RECM & Calibre Ltd.
REB REC
ISIN: ZAE000201687 SHORT: REBOSIS CODE: REB ISIN: ZAE000145041 SHORT: RAC PREFS CODE: RACP
ISIN: ZAE000240552 SHORT: REBOSISA CODE: REA REG NO: 2009/012403/06 FOUNDED: 2009 LISTED: 2010
REG NO: 2010/003468/06 FOUNDED: 2010 LISTED: 2011 NATUREOF BUSINESS:RECMandCalibre Ltd.(“RAC”)wasestablished
NATURE OF BUSINESS: Rebosis is a listed property REIT which owns a in 2009 as a joint venture between Regarding Capital Management (Pty)
high growth defensive property portfolio. The group’s portfolio, valued at Ltd. (“RECM”) (a fund manager) and Calibre Capital (Pty) Ltd. (a private
R18.09 billion, comprises 49 quality grade retail, commercial and equity firm). The listing of the non-cumulative redeemable participating
industrial properties located in Gauteng, the Eastern Cape, preference shares (JSE share code: “RACP”) was successfully completed in
KwaZulu-Natal and Northwest Province. June 2010. Both RECM and Calibre are controlled by the same principals,
SECTOR: Fins—Rest—Inv—Div namely Theunis De Bruyn, Piet Viljoen and Jan van Niekerk.
NUMBER OF EMPLOYEES: 211 SECTOR: Add—Debt—Preference Shares—Pref Shares
DIRECTORS: Kogo Z (Executive), Froneman F (ind ne), NUMBER OF EMPLOYEES: 0
Mdlolo M (ind ne), Odendaal J (ind ne), Qangule N (ind ne), Seopa T S DIRECTORS: de Bruyn T (ne), Matlala Z (ind ne), Rossini T (ind ne),
(ind ne), Mokgokong DrATM (Chair, ind ne), SwiegersJG(ind ne), Viljoen P G (Chair), Van Niekerk J C (FD)
Ngebulana S (DepChair&CEO), Becker R P (CIO), King I (CFO) MAJOR ORDINARY SHAREHOLDERS as at 31 Mar 2018
MAJOR ORDINARY SHAREHOLDERS as at 24 Apr 2020 Coronation Group 7.30%
Government Employees Pension Fund 20.37% SBSA ITF RECM Global Flexible Fund 5.50%
Arrowhead Properties Ltd. 17.90% SBSA ITF Nedgroup Investments Balanced Fund 4.90%
Zunaid Abbas Moti 11.77% POSTAL ADDRESS: PO Box 45040, Claremont, 7735
POSTAL ADDRESS: Private Bag x21, Bryanston, 2021 MORE INFO: www.sharedata.co.za/v2/Scripts/Summary.aspx?c=RACP
MORE INFO: www.sharedata.co.za/v2/Scripts/Summary.aspx?c=REB COMPANY SECRETARY: Guy Simpson
COMPANY SECRETARY: M Ndema TRANSFER SECRETARY: Link Market Services South Africa (Pty) Ltd.
TRANSFER SECRETARY: Computershare Investor Services (Pty) Ltd. SPONSOR: Questco (Pty) Ltd.
SPONSOR: Nedbank Corporate and Investment Banking AUDITORS: Ernst & Young Inc.
AUDITORS: BDO South Africa Inc.
CAPITAL STRUCTURE AUTHORISED ISSUED
CAPITAL STRUCTURE AUTHORISED ISSUED RACP Prefs no par value 200 000 000 47 400 000
REB Ords no par 5 000 000 000 699 253 200
REA A Ords no par val 70 000 000 63 266 012 LIQUIDITY: Apr20 Ave 173 925 shares p.w., R2.8m(19.1% p.a.)
FINA 40 Week MA RAC PREFS
DISTRIBUTIONS [ZARc]
Ords no par Ldt Pay Amt
Final No 16 27 Nov 18 3 Dec 18 29.60
Interim No 15 22 May 18 28 May 18 63.23 2234
LIQUIDITY: Apr20 Ave 8m shares p.w., R6.3m(56.6% p.a.) 1868
SAPY 40 Week MA REBOSIS
1502
1445
1136
1160
769
2015 | 2016 | 2017 | 2018 | 2019 |
874
FINANCIAL STATISTICS
588 (Amts in ZAR’000) Sep 19 Mar 19 Mar 18 Mar 17 Mar 16
Interim Final Final Final Final
303
Turnover 1 534 1 523 110 30 163 6 601
Op Inc 675 - 175 - 1 354 28 646 5 200
17
2015 | 2016 | 2017 | 2018 | 2019 |
Att Inc 100 155 - 43 717 21 890 391 186 136 078
FINANCIAL STATISTICS TotCompIncLoss 100 155 - 43 717 21 891 391 186 56 128
(R million) Aug 19 Aug 18 Aug 17 Aug 16 Aug 15 Inv & Loans 1 476 344 1 376 854 1 420 152 1 396 877 983 291
Final Final(rst) Final Final(rst) Final(rst) Tot Curr Ass 1 513 1 000 1 351 2 681 1 381
NetRent/InvInc 1 095 1 595 1 325 960 713 Ord SH Int 970 822 870 667 914 384 892 493 533 101
Total Inc 1 103 1 747 1 450 1 006 911 Tot Curr Liab 739 891 823 769 1 571
Debenture Int - - - - 347 PER SHARE STATISTICS (cents per share)
Attrib Inc - 3 339 - 924 2 522 1 707 263 HEPS-C (ZARc) 196.00 - 85.00 43.00 765.00 86.00
TotCompIncLoss - 3 339 - 924 2 711 1 657 440
NAV PS (ZARc) 2 888.00 2 692.00 2 777.00 2 735.00 1 966.00
Ord UntHs Int 6 638 10 329 11 848 7 696 6 200 3 Yr Beta 0.14 0.06 - 0.23 0.09 0.17
Investments 14 779 16 682 19 653 16 996 14 555 Price High 1 800 2 100 2 550 2 660 1 725
FixedAss/Prop 6 9 6 - - Price Low 1 496 1 650 1 850 1 544 1 260
Tot Curr Ass 2 011 2 034 1 029 1 718 337 Price Prd End 1 500 1 725 2 045 2 500 1 560
Total Ass 17 171 21 655 22 646 19 102 15 243 RATIOS
Tot Curr Liab 7 420 6 399 5 504 1 469 2 093 Ret on SH Fnd 13.56 - 3.17 1.54 27.97 13.84
PER SHARE STATISTICS (cents per share) Oper Pft Mgn 44.00 - 11.49 - 1 230.91 94.97 78.78
HEPS-C (ZARc) - 14.69 16.13 74.51 107.78 85.55 Current Ratio 2.05 1.12 1.64 3.49 0.88
DPS (ZARc) - 92.83 128.35 119.46 110.41
NAV PS (ZARc) 829.00 1 276.00 1 842.00 1 452.00 1 576.36
3 Yr Beta 0.57 0.57 0.91 1.04 0.01
Price Prd End 34 738 1 090 1 076 1 120
Price High 750 1 140 1 348 1 199 1 398
Price Low 33 702 1 052 811 1 051
RATIOS
RetOnSH Funds - 50.31 - 8.95 22.26 19.81 7.83
RetOnTotAss 6.56 8.26 6.60 5.36 6.11
Debt:Equity 1.53 1.04 0.86 0.99 0.93
OperRetOnInv 7.40 9.56 6.74 5.65 4.90
OpInc:Turnover 59.42 70.53 70.34 68.89 67.80
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