Page 81 - Stock Exchange Handbook 2020 - Issue 3

Profile’s Stock Exchange Handbook: 2020 – Issue 3 JSE – AFR
WEBSITE: www.arm.co.za
African Rainbow Minerals Ltd. TELEPHONE: 011-779-1300 FAX: 011-779-1312
AFR COMPANY SECRETARY: Alyson D’Oyley
TRANSFER SECRETARY: Computershare
Investor Services (Pty) Ltd.
SPONSOR: Investec Bank Ltd.
AUDITORS: Deloitte, Ernst & Young Inc.
BANKERS: ABSA Bank Ltd., FirstRand Bank Ltd.,
NedbankLtd.,StandardBankofSouthAfricaLtd.
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ISIN: ZAE000054045 SHORT: ARM CODE: ARI SEGMENTAL REPORTING as at 31 Dec 19 (asa%of Sales)
REG NO: 1933/004580/06 FOUNDED: 1933 LISTED: 1988 Ferrous 58.48%
Platinum 37.44%
NATURE OF BUSINESS: Coal 4.04%
ARM is a diversified South African mining company with Corporate 0.04%
longlife, low unit-cost operations in key commodities. ARM,
CALENDAR Expected Status
its subsidiaries, jointventures, jointoperationsandassociates Next Final Results Aug 2020 Unconfirmed
explore, develop, operate and hold interests in the mining and Annual General Meeting Dec 2020 Unconfirmed
minerals industry.
The current operational focus is on precious metals, base Next Interim Results Feb 2021 Unconfirmed
metals, ferrous metals and alloys, which include platinum
group metals, nickel, coal, iron ore, manganese ore and ferro- CAPITAL STRUCTURE AUTHORISED 223 274 316
ISSUED
Ords 5c ea
500 000 000
ARI
manganese. ARM also has an investment in Harmony Gold
Mining Company Ltd. DISTRIBUTIONS [ZARc]
Ords 5c ea Ldt Pay Amt
Interim No 122 17 Mar 20 23 Mar 20 500.00
SECTOR: Basic Materials—Basic Resrcs—Mining—Gen Mining
Final No 121 23 Sep 19 30 Sep 19 900.00
MAJOR ORDINARY SHAREHOLDERS as at 30 Jun 2019 Interim No 120 2 Apr 19 8 Apr 19 400.00
African Rainbow Minerals & Exploration Investments 39.82%
ARM Broad-Based Economic Empowerment Trust 7.16% Final No 119 25 Sep 18 1 Oct 18 750.00
Government Employees Pension Fund (PIC) 6.47%
0 LIQUIDITY: Jun20 Ave 3m shares p.w., R480.5m(71.9% p.a.)
MINI 40 Week MA ARM
FINANCIAL STATISTICS
(R million) Dec 19 Jun 19 Jun 18 Jun 17 Jun 16
23567
Interim Final Final(rst) Final Final
Turnover 5 907 9 596 9 112 9 019 9 019
19582
Op Inc 1 174 784 1 710 214 653
IntPd - 28 - 25 183 185 153 15596
Tax 534 242 573 - 409 - 10
Minority Int 375 300 260 60 - 192 11611
Att Inc 2 132 3 554 4 562 1 372 - 565
7625
TotCompIncLoss 3 636 4 497 4 274 - 50 1 278
Hline Erngs-CO 2 155 5 226 4 814 3 916 1 051 3640
2015 | 2016 | 2017 | 2018 | 2019 |
Fixed Ass 7 330 7 062 7 916 7 801 10 966
Inv in Assoc and JV 18 412 18 539 17 302 16 194 15 776 Recent Announcements
Investments 4 097 2 648 1 561 1 573 3 521 Thursday, 02 April 2020: ARM refers to the SENS announcement
Def Tax Asset 204 485 620 656 151 released on 27 March 2020 in which the Company announced
Tot Curr Ass 9 023 8 085 6 324 5 858 4 536 that in compliance with the nationwide lockdown, all ARM
Ord SH Int 29 792 28 173 25 907 23 497 23 819 mining operations including Khumani, Beeshoek, Black Rock,
Non-Cont Int 1 828 1 530 1 471 543 762
Modikwa, Two Rivers and Nkomati mines had been placed on
LT Liab 5 019 4 211 4 513 4 465 6 850
Tot Curr Liab 2 829 3 302 2 414 3 741 3 696 temporary care and maintenance for the duration of the 21-day
lockdown period.
Subsequent to the initial announcement made by the President
PER SHARE STATISTICS (cents per share)
EPS (ZARc) 1 102.00 1 848.00 2 393.00 723.00 - 265.00
HEPS-C (ZARc) 1 114.00 2 718.00 2 526.00 1 684.00 494.00 of the Republic of South Africa on 23 March 2020, the list of
Pct chng p.a. - 7.6 50.0 240.9 - 38.5 essential goods and services has been refined through continu-
Tr 5yr av grwth % - 40.5 40.8 32.3 - 15.5 ous engagement and consultation with stakeholders.
DPS (ZARc) 500.00 1 300.00 1 000.00 650.00 225.00 Exemptions to the lockdown restrictions have been granted for
Pct chng p.a. - 30.0 53.8 188.9 - 35.7 certain additional goods which are considered critical to the
Tr 5yr av grwth % - 39.1 36.6 27.3 - 9.4 nation’s economy and its revitalisation post the COVID-19
NAV PS (ZARc) 13 307.00 12 690.00 11 792.00 10 744.00 10 925.00 pandemic.
3 Yr Beta 1.49 1.40 0.89 0.92 0.78 ARM’s joint venture, Assmang (Pty) Ltd., has received
Price High 19 327 18 799 14 097 12 690 11 600
authorisation from the Minister of Mineral Resources and
Price Low 13 555 10 680 7 801 6 726 3 481 Energy to operate its load- out stations at Khumani and
Price Prd End 16 366 18 217 10 910 8 431 9 200
Beeshoek mines in order to continue loading iron ore from the
mines’ respective stockpiles.
RATIOS
Ret on Equity 7.20 18.50 18.60 13.60 4.40
Transnet has mobilised the requisite resources and reactivated
ROOA 7.20 5.20 12.00 1.80 4.20
Oper Pft Mgn 21.20 8.90 20.50 2.60 8.00 the rail and port export system from the Northern Cape to the
Net D:E - 9.00 - 9.00 - 4.00 5.00 17.00 Port of Saldanha which reactivation supports exports at approxi-
Int Cover 18.50 19.10 16.70 9.20 6.10 mately 40% of normalised iron ore volumes for the week com-
Current Ratio 3.20 2.40 2.60 1.70 1.20 mencing 30 March 2020. Transnet plans to ramp up volumes for
Div Cover 2.23 2.09 2.53 2.59 2.19 the remainder of the lockdown period depending on availability
NUMBER OF EMPLOYEES: 21 417 of rail and port services. The iron ore operations have sufficient
DIRECTORS: Magagula J (Executive), Arnold M (ne, UK), inventory to load for the remainder of the lockdown period.
BoardmanTA(ind ne), BothaAD(ind ne), Mkatshana H L, The safety and wellbeing of our employees and contractors
Noko D (ind ne), Simelane DrRV(ind ne), SteenkampJC(ne), remains a key priority. The loading functions require less than
Schmidt M P (CEO), Mukhuba A (CFO), Motsepe Dr P T (Exec Chair),
Abbott F (ind ne), Bakane-Tuoane DrMM(ind ne), 2% of the total mine workforce to be on-site. Strict hygiene,
ChissanoJA(ind ne, Moz), GuleWM(ind ne), MaditsiAK(ld ind ne) health and safety protocols are being maintained to protect
POSTAL ADDRESS: PO Box 786136, Sandton, 2146 employees who will be executing the loading functions.
EMAIL: ir.admin@arm.co.za
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