Page 108 - Stock Exchange Handbook 2020 - Issue 3

JSE – CAS Profile’s Stock Exchange Handbook: 2020 – Issue 3
WEBSITE: www.cashbuild.co.za
Cashbuild Ltd. TELEPHONE: 011-248-1500
FAX: 086-666-3291
CAS
COMPANY SECRETARY: Takalani Nengovhela
TRANSFER SECRETARY: Computershare
Investor Services (Pty) Ltd.
SPONSOR: Nedbank CIB
AUDITORS: PwC Inc.
BANKERS: First National Bank, Nedbank Ltd.,
Scan the QR code to Standard Bank of SA Ltd.
visit our website
ISIN: ZAE000028320 SHORT: CASHBIL CODE: CSB
REG NO: 1986/001503/06 FOUNDED: 1978 LISTED: 1986
CALENDAR Expected Status
Next Final Results 01 Sep 2020 Unconfirmed
NATURE OF BUSINESS: Annual General Meeting Nov 2020 Unconfirmed
Cashbuild is southern Africa’s largest retailer of quality Next Interim Results 02 Mar 2021 Unconfirmed
building materials and associated products, selling direct to a
cashpaying customer base through our constantly expanding CAPITAL STRUCTURE AUTHORISED 24 989 811
ISSUED
Ords 1c ea
CSB
35 000 000
chain of stores (321 at the end of this reporting period which
includes 60 P&L Hardware stores and one DIY store). DISTRIBUTIONS [ZARc]
Cashbuild carries an in-depth quality product range tailored Ords 1c ea 24 Mar 20 30 Mar 20 435.00
Pay
Ldt
Amt
Interim No 54
to the specific needs of the communities we serve. Our Final No 53 23 Sep 19 30 Sep 19 420.00
customers are typically home-builders and improvers, con- Interim No 52 18 Mar 19 25 Mar 19 435.00
tractors, farmers, traders, as well as all other customers Final No 51 18 Sep 18 25 Sep 18 346.00
requiring quality building materials at the best value. LIQUIDITY: Jun20 Ave 239 011 shares p.w., R45.7m(49.7% p.a.)
Cashbuild has built its credibility and reputation by consis-
GERE 40 Week MA CASHBIL
tently offering its customers quality building materials at the
50477
best value and through a purchasing and inventory policy that
ensures customers’ requirements are always met. 41749
SECTOR: Consumer Srvcs—Retail—Gen Retailers—Home Improves 33021
MAJOR ORDINARY SHAREHOLDERS as at 29 May 2020
Allan Gray (Pty) Ltd. 20.16% 24293
Standard Financial Markets 12.43%
Goldrick P K 10.02% 15565
FINANCIAL STATISTICS 6837
(R million) Dec 19 Jun 19 Jun 18 Jun 17 Jun 16 2015 | 2016 | 2017 | 2018 | 2019 |
Recent Announcements
Interim (53wks) Final(rst) Final(rst) Final
Final
Turnover 5 510 10 821 10 207 9 730 8 670 Wednesday, 22 April 2020: Revenue for the third quarter for the
Op Inc 299 559 543 620 549 Cashbuild Group was down 1% on the third quarter of the prior
NetIntPd(Rcvd) 51 - 54 - 51 - 37 - 70 financial year, with the 21 new stores opened since 1 July 2018
Tax 75 180 169 188 177 reporting 3% growth, offset by the 4% decrease reported by the
Minority Int 3 5 5 4 5
Att Inc 170 427 421 465 437 297existingstores.This,togetherwiththeresultsreportedforthe
TotCompIncLoss 178 437 431 449 455 firsthalf,equatestoadecreaseinrevenuefortheyeartodateof1%.
Hline Erngs-CO 173 434 424 464 431 Transactions through the tills during the third quarter for the
Fixed Ass 2 430 1 129 1 100 979 929 Group decreased by 4% to that of the comparative period, with
Inv & Loans 54 28 - - 2 new stores contributing 3% growth while existing stores de-
Def Tax Asset 104 66 46 27 19 creasing by 7%.
Tot Curr Ass 3 261 2 279 2 635 2 257 2 108 Selling price inflation was 2% at the end of March 2020 when
Ord SH Int 2 096 2 157 1 890 1 656 1 443 compared to March 2019.
Minority Int 33 31 28 23 22
LT Liab 1 466 224 205 198 184 During the third quarter the Group opened two P&L Hardware
Tot Curr Liab 2 679 1 583 2 177 1 863 1 889 stores andclosedfivestores (fourCashbuild stores andoneP&L
Hardware store). The Group also relocated one Cashbuild store
PER SHARE STATISTICS (cents per share)
EPS (ZARc) 748.00 1 881.30 1 851.60 2 047.70 1 920.40 and refurbished one Cashbuild store, bringing the total number
HEPS-C (ZARc) 762.40 1 910.40 1 866.50 2 045.20 1 891.50 of stores trading at the end of the quarter to 318.
Pct chng p.a. - 20.2 2.4 - 8.7 8.1 24.6
COVID-19 and lockdown update
Tr 5yr av grwth % - 11.6 13.6 11.7 27.6 Retailing of building materials has not been classified as
DPS (ZARc) 435.00 855.00 842.00 930.00 1 001.00 essential services and therefore all Cashbuild and P&L
Pct chng p.a. - 1.5 - 9.5 - 7.1 40.6
Tr 5yr av grwth % - 12.1 13.5 12.5 32.3 Hardware stores as well as the Support Office, with the
NAV PS (ZARc) 8 388.00 8 636.00 7 561.00 6 642.00 5 776.00 exception of the six stores in Swaziland, the two stores in
3 Yr Beta - 0.05 - 0.07 0.22 1.12 1.11 Malawi and the three stores in Zambia, have been closed for the
Price High 29 533 34 500 52 649 46 000 36 900 period of the lockdown.
Price Low 19 900 23 002 29 005 32 100 25 528 Cashbuild has paid its staff’s remuneration in full during the
Price Prd End 22 497 26 715 33 000 35 000 35 500 initial period of the lockdown and intends to continue to do so
RATIOS under the extended lockdown period.
Ret on SH Fnd 16.23 19.77 22.17 27.96 30.16
Ret On Tot Ass 5.51 10.82 9.89 12.64 12.49 Cashbuild has initially paid 50% of its rental obligation for April
Oper Pft Mgn 5.43 5.17 5.32 6.37 6.33 2020 and will enter into negotiations with landlords once the
D:E 0.19 0.08 0.12 0.12 0.14 lockdownhas been lifted to arrive at a mutually acceptablesettle-
Int Cover 3.34 n/a n/a n/a n/a ment for this unique event.
Current Ratio 1.22 1.44 1.25 1.21 1.12 The Group’s balance sheet contains no debt (excluding the
Div Cover 1.72 2.20 2.20 2.20 1.92 effects of IFRS 16) and current working capital credit lines in
NUMBER OF EMPLOYEES: 6 435 place with the Group’s bankers are expected to be sufficient for
DIRECTORS: KnockAGW (Chair, ind ne), de Jager W F (CEO),
Bosman M (ind ne), Hattingh A, HickeyHH(ind ne), the impacts of the lockdown and extended lockdown.
Lushaba DrDSS(ind ne), Prowse A E (FD), SimamaneNV(ind ne), Following revised Regulations being published on 16 April
Tapon NjamoGM(ind ne), Thoresson S A, van Aswegen W P 2020, Cashbuild stores in South Africa have opened with
POPULAR BRAND NAMES: Cashbuild, Champion Cement, Champion reduced trading hours from Saturday, 18 April 2020 and under
Paint, P&L Hardware strict guidelines.
POSTAL ADDRESS: PO Box 90115, Bertsham, 2013
106