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JSE – REM Profile’s Stock Exchange Handbook: 2020 – Issue 2
DIRECTORS: de BruynSEN(ind ne),
Remgro Ltd. HarrisPK(ind ne), Lubbe M,
Mageza MrNP(ind ne), MoleketiPJ(ind ne),
REM
MorobeMM(ind ne), NeethlingPJ(ne),
NieuwoudtGG(ne), Rantloane L (alt),
Rupert A (ne), Rupert J P (Chair, ne),
Malherbe J (Co Dep Chair, ne),
Robertson F (Co Dep Chair, ind ne),
Durand J J (CEO), Williams N (CFO)
Scan the QR code to POSTAL ADDRESS: PO Box 456, Stellenbosch,
visit our website 7599
EMAIL: dh@remgro.com
WEBSITE: www.remgro.com
TELEPHONE: 021-888-3000 FAX: 021-888-3399
COMPANY SECRETARY: Danielle Dreyer
ISIN: ZAE000026480 SHORT: REMGRO CODE: REM
REG NO: 1968/006415/06 FOUNDED: 2000 LISTED: 2000 TRANSFER SECRETARY: Computershare Investor Services (Pty) Ltd.
SPONSOR: Rand Merchant Bank (A division of FirstRand Bank Ltd.)
NATURE OF BUSINESS: AUDITORS: PwC Inc.
Remgro Ltd. is an investment holding company established BANKERS: First National Bank
with effect from 1 April 2000, after the restructuring of the CALENDAR Expected Status
former Rembrandt Group Ltd. The Group’s interests consist Next Final Results Sep 2020 Unconfirmed
mainly of investments in consumer products; banking; Annual General Meeting Nov 2020 Unconfirmed
healthcare; insurance; industrial; infrastructure as well as Next Interim Results Mar 2021 Unconfirmed
media and sport.
The company’s activities are concentrated mainly on the man- CAPITAL STRUCTURE AUTHORISED ISSUED
agement of investments and the provision of support rather REM Ords no par 1 000 000 000 529 217 007
than on being involved in the day-to-day management of DISTRIBUTIONS [ZARc]
business units of investees. Ords no par Ldt Pay Amt
Subsidiaries not wholly owned include listed companies with Interim No 39 14 Apr 20 20 Apr 20 215.00
independent boards of directors on which this company has Final No 38 12 Nov 19 18 Nov 19 349.00
non-executive representation. Non-subsidiary investments Interim No 37 9 Apr 19 15 Apr 19 215.00
Final No 36 13 Nov 18 19 Nov 18 328.00
comprisebothlistedandunlistedcompaniesnotcontrolledby
this company and which are mostly associated companies due LIQUIDITY: Mar20 Ave 6m shares p.w., R1 184.1m(62.2% p.a.)
to significant influence and board representation. FINA 40 Week MA REMGRO
SECTOR: Fins—Financial Srvcs—Gen Financial—Specialty Finance 30143
CONTROLLED BY: Rupert Beleggings (Pty) Ltd.
26524
MAJOR ORDINARY SHAREHOLDERS as at 30 Jun 2019
Other 86.34% 22904
Public Investment Commissioner 13.66%
FINANCIAL STATISTICS 19285
(R million) Dec 19 Jun 19 Jun 18 Jun 17 Jun 16
Interim Final Final Final Final(rst) 15665
Sales 31 564 56 968 31 115 27 600 27 697
12046
Op Inc 2 637 3 278 1 260 760 512 2015 | 2016 | 2017 | 2018 | 2019 |
NetIntPd(Rcvd) 413 209 380 622 616 Recent Announcements
Tax 827 987 423 227 - 21
Minority Int 881 433 256 77 45 Remgro interim results December 2019 - Tuesday, 17 March 2020:
Att Inc 4 329 7 319 8 943 8 877 5 364 Revenue for the interim period increased to R31.6 billion (2018:
TotCompIncLoss 7 436 7 807 8 888 6 411 7 988 R30.3 billion) whilst trading profit decreased to R2.6 billion
Hline Erngs-CO 4 242 8 195 8 074 7 772 5 874 (2018: R2.7 billion). Net profit for the period attributable to
Fixed Ass 17 313 14 660 13 745 6 797 6 607 equity holders was recorded at R4.3 billion (2018: R10.3
Inv in Assoc 74 818 71 183 73 722 80 883 78 565 billion). Furthermore, headline earnings per share decreased by
Inv & Loans 3 559 4 185 3 764 3 907 4 288 0.2% from 752.1 cents to 750.9 cents per share.
Def Tax Asset 199 199 158 23 42 Declaration of Dividend No. 39
Tot Curr Ass 44 220 40 539 40 375 22 317 14 442
Notice is hereby given that an interim gross dividend of 215
Ord SH Int 105 471 101 097 98 098 92 432 78 844
Minority Int 15 554 15 092 15 348 2 870 2 813 cents (2018: 215 cents) per share has been declared out of
LT Liab 29 032 26 770 25 891 18 493 20 821 income reserves in respect of both the ordinary shares of no par
Tot Curr Liab 14 982 12 579 11 591 5 260 6 622 value and the unlisted B ordinary shares of no par value, for the
PER SHARE STATISTICS (cents per share) six months ended 31 December 2019.
EPS (ZARc) 766.30 1 294.00 1 577.90 1 523.43 1 022.44 Tuesday, 18 February 2020: Shareholders are referred to the an-
HEPS-C (ZARc) 750.90 1 448.90 1 424.60 1 404.40 1 119.60 nouncements released on the Stock Exchange News Service on
Pct chng p.a. 3.7 1.7 1.4 25.4 - 28.0 19 November 2019 and on 7 January 2020 relating, inter alia, to
Tr 5yr av grwth % - 4.2 15.5 11.6 9.5 the proposed distribution by RMB Holdings Ltd. (“RMH”) of its
DPS (ZARc) 215.00 564.00 532.00 495.00 460.00 FirstRand Ltd. (“FirstRand”) shares to RMH shareholders
Pct chng p.a. - 6.0 7.5 7.6 7.5 (“RMH Distribution”) and the corresponding proposed distri-
Tr 5yr av grwth % - 7.7 9.0 9.5 13.0
NAV PS (ZARc) 18 669.00 17 895.00 17 304.00 16 313.00 15 313.00 bution by Remgro, in full or in part, of Remgro’s exposure to
3 Yr Beta 0.57 0.62 0.77 0.89 0.99 RMH and FirstRand, to Remgro shareholders (“Remgro Distri-
Price High 20 215 21 935 24 799 27 036 28 308 bution”).
Price Low 16 020 17 400 18 830 19 954 21 455 Shareholders are advised that the optimal mechanism and steps
Price Prd End 19 500 18 790 20 429 21 346 25 466 required to give effect to each of the RMH Distribution and the
RATIOS Remgro Distribution remain under evaluation and consider-
Ret on SH Fnd 8.61 6.67 8.11 9.40 6.62 ation by the boards of directors of RMH and Remgro.
Ret On Tot Ass 8.25 5.83 2.93 7.39 5.28 Accordingly, Remgro shareholders are advised to continue to
Oper Pft Mgn 8.35 5.75 4.05 2.75 1.85 exercise caution when dealing in the Company’s securities,
D:E 0.25 0.24 0.24 0.20 0.28 until a detailed announcement is made.
Int Cover 6.97 n/a 17.42 2.91 n/a
Current Ratio 2.95 3.22 3.48 4.24 2.18
Div Cover 3.56 2.29 2.97 3.08 2.22
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