Page 88 - SHBe20.vp

JSE – ALL Profile’s Stock Exchange Handbook: 2020 – Issue 2
POPULAR BRAND NAMES: Altron TMT, Altron
Allied Electronics Corporation Ltd. Nexus, Altron Nexus Solutions, Altron Nexus
Distributors, Altron Nexus @Connect, Altron
ALL
Bytes Systems Integration, Altron Karabina, Bytes
UK, Netstar, Altron Bytes Document Solutions,
Altron Bytes Managed Solutions, Altron Bytes
People Solutions, Med-e-Mass, MedeServe,
MediSwitch, ACS, Delter, NuPay, Cybertech
POSTAL ADDRESS:POBox981, Houghton,2041
Scan the QR code to EMAIL: info@altron.com
visit our Investor WEBSITE: www.altron.com
ISIN: ZAE000191342 SHORT: ALTRON CODE: AEL Centre TELEPHONE: 011-645-3600
REG NO: 1947/024583/06 FOUNDED: 1965 LISTED: 1979
COMPANY SECRETARY: WK Groenewald FCIS
NATURE OF BUSINESS: TRANSFER SECRETARY: Computershare Investor Services (Pty) Ltd.
SPONSOR: Investec Ltd.
AlliedElectronicsCorporationLimited(Altron)isdomiciledin AUDITORS: PwC Inc.
South Africa and listed on the Johannesburg Stock Exchange BANKERS: Absa Bank Ltd., Investec Bank Ltd., Nedbank Ltd., a division of
(JSE). Altron is invested in the information and communica- Nedcor Bank Ltd., Rand Merchant Bank, a division of FirstRand Bank Ltd.,
tions technology sector (ICT). Altron’s solutions and services The Standard Bank of South Africa Ltd.
are clustered into the four segments of its ICT capabilities, SEGMENTAL REPORTING as at 24 Oct 19 (asa%of Revenue)
66.12%
Digital Transformation
namely Digital Transformation, Smart IoT, Managed Services, Managed Services 18.03%
FintechandHealthtech.Altroncreatesvaluebyprovidinginno- Smart IoT 8.96%
vative and end-to-end technology solutions to business, gov- Fintech and Healthtech 6.81%
ernment and consumers. The Altron Group operates in 26 Other 0.08%
countries. Altron has a direct presence in twelve African CALENDAR Expected Status
countries (including the United Arab Emirates), Australia and Next Final Results May 2020 Confirmed
theUnitedKingdom. TheAltronheadofficeislocatedinJohan- Annual General Meeting Jul 2020 Unconfirmed
nesburg, South Africa. Altron’s strategic partnerships with Next Interim Results Oct 2020 Unconfirmed
leading international technology companies offers the group an
indirect presence in several countries across Africa and the CAPITAL STRUCTURE AUTHORISED ISSUED
Middle East. The Altron Group employs approximately 8 700 AEL A ords no par value 500 000 000 399 428 494
employees globally. DISTRIBUTIONS [ZARc]
SECTOR: Tech—Tech—Software&Computer Srvcs—Computer Srvcs A ords no par value Ldt Pay Amt
MAJOR ORDINARY SHAREHOLDERS as at 29 Feb 2020 Interim No 70 12 Nov 19 18 Nov 19 29.00
Coronation Asset Management 25.75% Final No 69 28 May 19 3 Jun 19 44.00
Value Capital Partners 20.97% Interim No 68 13 Nov 18 19 Nov 18 28.00
Biltron 14.07% Final No 67 26 Jun 15 6 Jul 15 31.00
FINANCIAL STATISTICS LIQUIDITY: Mar20 Ave 2m shares p.w., R53.7m(30.3% p.a.)
(R million) Aug 19 Feb 19 Feb 18 Feb 17 Feb 16
Interim Final Final(rst) Final(rst) Final ELEE 40 Week MA ALTRON
Turnover 8 531 15 723 14 743 13 892 14 357 2810
Op Inc 466 1 015 745 736 633
NetIntPd(Rcvd) 118 176 178 223 161 2339
Tax 74 158 145 98 114
1869
Minority Int - 9 39 - 19 - 117 - 227
Att Inc 276 711 187 - 185 - 873
1398
TotCompIncLoss 278 870 100 - 496 - 949
Hline Erngs-CO 269 663 441 387 425 928
Fixed Ass 624 620 615 569 618
Inv in Assoc 11 19 20 23 4 2015 | 2016 | 2017 | 2018 | 2019 | 457
Inv & Loans - - 468 302 199
Def Tax Asset 187 155 214 198 256 Recent Announcements
Tot Curr Ass 8 059 7 430 6 138 6 991 11 643 Wednesday, 04 March 2020: Shareholders are referred to the an-
Ord SH Int 3 683 3 535 2 790 2 268 2 847
Minority Int - 172 - 162 - 245 - 240 - 111 nouncement released on SENS on 9 December 2019, relating to
LT Liab 1 993 1 424 1 580 2 048 2 714 the acquisition by Altron of theentireissued sharecapital of
Tot Curr Liab 7 042 6 804 5 811 5 808 8 997 Gydan Investments (RF) (Pty) Ltd. (“Gydan”), the holding
PER SHARE STATISTICS (cents per share) companyofUbushaTechnologies(Pty)Ltd.(“theTransaction”).
EPS (ZARc) 74.00 192.00 51.00 - 54.00 - 259.00 Shareholdersareherebynotifiedthatallconditionsprecedentto
HEPS-C (ZARc) 73.00 179.00 119.00 114.00 126.00 the Transaction as set out in the Share Sale Agreement (“the
Pct chng p.a. - 18.4 50.4 4.4 - 9.5 - 8.0 agreement”) have either been fulfilled or waived, as the case
Tr 5yr av grwth % - 2.0 0.4 - 6.6 - 8.0 may be. Accordingly, the Transaction is now unconditional in ac-
DPS (ZARc) 29.00 72.00 - - -
Pct chng p.a. - - - - - 100.0 cordance with the terms of the agreement, with the closing date
Tr 5yr av grwth % - - 32.3 - 25.6 - 32.5 - 35.5 being 3 March 2020.
NAV PS (ZARc) 992.72 952.83 752.00 669.00 845.00 Monday, 09 December 2019: The board of directors of Altron
3 Yr Beta 0.02 - 0.03 0.64 1.16 0.93 announced that the Company has concluded a Share Sale
Price High 2 875 2 029 1 394 1 198 1 778 Agreement on 6 December 2019, through its wholly owned sub-
Price Low 1 803 1 200 950 463 401
Price Prd End 2 381 1 880 1 245 1 035 550 sidiary, Altron TMT SA Group (Pty) Ltd., to acquire the entire
RATIOS issued share capital of Gydan Investments (RF) (Pty) Ltd.
Ret on SH Fnd 15.21 22.24 6.60 - 14.89 - 40.20 (“Gydan”), the holding company of Ubusha Technologies (Pty)
Ret On Tot Ass 6.54 8.70 6.85 5.79 3.54 Ltd. (“Ubusha”) with an anticipated effective date of 1 March
Oper Pft Mgn 5.46 6.46 5.05 5.30 4.41 2020 (“the Acquisition”).
D:E 1.10 0.92 1.16 1.68 1.83 Purchase consideration
Int Cover 3.95 5.77 4.19 3.30 3.93
Current Ratio 1.14 1.09 1.06 1.20 1.29 The purchase consideration of a maximum of R360 million
Div Cover 2.55 2.67 - - - equatestoa9xEBITDAmultiplebasedonwarrantedEBITDAof
NUMBER OF EMPLOYEES: 8 733 R40 million for the 12 months ending 29 February 2020.
DIRECTORS: Leeming M J (Chair, ind ne), Nyati M (CE),
Miller C (CFO), BallAC(ne), DawsonBW(ne), FrancisBJ(ind ne),
GelinkGG(ind ne), Mnganga Dr P (ind ne), Sithole S (ne),
Van GraanSW(ind ne), VenterRE(ne)
84