Page 210 - Profile's Stock Exchange Handbook - 2021 issue 1

JSE – REU Profile’s Stock Exchange Handbook: 2021 – Issue 1
POPULAR BRAND NAMES: African Cables,
Reunert Ltd. CBI-electric, ECN, Nashua, Reutech Communications,
Reutech Radar Systems, Reutech Solutions, Skywire
REU
POSTALADDRESS:POBox784391,Sandton,2146
EMAIL: invest@reunert.co.za
WEBSITE: www.reunert.com
TELEPHONE: 011-517-9000
COMPANY SECRETARY: Reunert Management
Services
Scan the QR code to TRANSFER SECRETARY: Computershare
visit our website Investor Services (Pty) Ltd.
SPONSOR: One Capital
AUDITORS: Deloitte & Touche
ISIN: ZAE000057428 SHORT: REUNERT CODE: RLO BANKERS: Investec, Nedbank Ltd., Standard Bank
REG NO: 1913/004355/06 FOUNDED: 1888 LISTED: 1948 SEGMENTAL REPORTING as at 30 Sep 19 (asa%of Assets)
Information Communication Technologies 45.00%
NATURE OF BUSINESS: Electrical Engineering 27.00%
Reunert Ltd. is a South African-based industrial group in the Applied Electronics 23.00%
5.00%
Other
industrial goods and services sector. It manages a number of
businesses focused on electrical engineering, information and CALENDAR Expected Status
communication technologies and applied electronics. Annual General Meeting Feb 2021 Unconfirmed
Reunert’s employees are highly qualified and experienced Next Interim Results Jun 2021 Unconfirmed
engineers, technicians,research anddevelopmentexperts and Next Final Results Nov 2021 Unconfirmed
field support staff. Reunert owns well-known brands such as
Nashua, CBI-electric andReutech. Reunertpromotesadecen- CAPITAL STRUCTURE AUTHORISED ISSUED
tralised management style. While operating decisions are RLO Ords no par value 235 000 000 184 969 196
made by the businesses, the Reunert board and executive DISTRIBUTIONS [ZARc]
team define and monitor long-term strategic plans, risks, per- Ords no par value Ldt Pay Amt
formance and investment decisions. Final No 189 19 Jan 21 25 Jan 21 192.00
Interim No 188 7 Jul 20 13 Jul 20 65.00
SECTOR: Ind—Ind Goods&Srvcs—Elec&Elec Equip—Componts&Equip Final No 187 14 Jan 20 20 Jan 20 383.00
MAJOR ORDINARY SHAREHOLDERS as at 30 Sep 2020 Interim No 186 18 Jun 19 24 Jun 19 130.00
Old Mutual Investment Group (SA) (Pty) Ltd. 13.30%
Public Investment Corporation Ltd. 11.40% LIQUIDITY: Nov20 Ave 2m shares p.w., R87.4m(49.5% p.a.)
Pzena Investment Management LLC 6.40% ELEE 40 Week MA REUNERT
FINANCIAL STATISTICS
8200
(R million) Sep 20 Sep 19 Sep 18 Sep 17 Sep 16
Final Final Final Final Final 6887
Turnover 8 046 10 714 10 492 9 773 8 511
Op Inc 307 1 361 1 542 1 497 1 315 5573
NetIntPd(Rcvd) 42 15 - 11 - 65 - 137
Tax 82 387 358 437 404 4260
Minority Int - 40 14 - 6 30 9 2946
Att Inc 47 790 1 158 1 112 954
TotCompIncLoss - 49 809 1 087 1 150 944 1633
2015 | 2016 | 2017 | 2018 | 2019 | 2020
Hline Erngs-CO 186 924 1 135 1 111 942
Fixed Ass 826 862 1 297 1 095 1 019 Recent Announcements
FinCo Acc Rec 1 778 2 082 1 990 1 682 1 449 Reunert final results September 2020 - Tuesday, 24 November 2020:
Inv & Loans 135 214 214 214 205 Revenue for the year was lower at R8.0 billion (2019: R10.7
Def Tax Asset 172 143 151 105 104
Tot Curr Ass 5 260 5 574 5 748 6 072 6 395 billion). EBITDA dropped to R547 million (2019: R1.5 billion),
Ord SH Int 6 505 7 312 7 438 7 138 7 011 operating profit fell to R307 million (2019:R1.4 billion) and
Minority Int 38 119 88 105 81 profit attributable to equity holders of Reunert amounted to
LT Liab 348 209 381 306 145 R47 million (2019: R790 million). In addition, headline
Tot Curr Liab 2 835 2 664 2 546 2 540 2 672 earnings per share lessened to 115 cents per share (2019: 573
PER SHARE STATISTICS (cents per share) cents per share).
EPS (ZARc) 29.00 490.00 717.00 680.00 577.00 Dividend
HEPS-C (ZARc) 115.00 573.00 703.00 679.00 570.00 Whilst cognisant of the economic uncertainty going forward,
Pct chng p.a. - 79.9 - 18.5 3.5 19.1 - 3.1 the Group’s FCFgeneratingcapacityremains intact.The actions
Tr 5yr av grwth % - 15.8 3.5 4.5 1.5 - 0.3 taken by the Company to increase its resilience enable Reunert
DPS (ZARc) 257.00 513.00 493.00 474.00 439.00
Pct chng p.a. - 49.9 4.1 4.0 8.0 7.9 to declare a final dividend, albeit at a reduced level. Therefore,
Tr 5yr av grwth % - 5.2 6.8 6.0 5.2 6.0 notice is hereby given that a gross final cash dividend number
NAV PS (ZARc) 3 516.80 3 952.43 4 020.54 3 872.52 3 810.21 189 of 192 cents per ordinary share (September 2019: 383 cents
3 Yr Beta 0.32 0.13 0.35 0.24 0.58 per ordinary share) has been declared by the directors for the
Price High 7 918 8 422 8 875 7 768 7 560 year ended 30 September 2020.
Price Low 2 806 6 014 6 473 5 933 5 650 Company prospects
Price Prd End 2 863 6 900 7 600 6 772 6 110 Reunert has recovered well from the business interruption of
RATIOS COVID-19. The fourth quarter financial and operational perfor-
Ret on SH Fnd 0.11 10.82 15.31 15.77 13.58
Ret On Tot Ass 2.25 15.15 16.51 17.44 16.14 mance compares favourably against perfomance in the compara-
Oper Pft Mgn 3.82 12.70 14.70 15.32 15.45 ble period of last year and reflects the strength of the underlying
D:E 0.16 0.07 0.08 0.07 0.08 businesses. The statement of financial position remains strong
Int Cover 4.95 80.47 n/a n/a n/a and cash flow generation supports the execution of the Group’s
Current Ratio 1.86 2.09 2.26 2.39 2.39 strategic and operational objectives.
Div Cover 0.11 0.96 1.45 1.43 1.31 Whilst recognising that there remains much economic uncer-
NUMBER OF EMPLOYEES: 6 220 tainty ahead, the Group’s businesses have robust business
DIRECTORS: Abdool-Samad T (ind ne), DarkoAB(ind ne), modelsandarelikelytorecovertoprior-COVID-19 financialper-
Fourie P (ind ne), HulleyJP(ind ne), JagoeSD(ld ind ne),
Martin S (ind ne), Matshoba-Ramuedzisi T (ind ne), Moodley M, formances as the economy recovers and the government’s
Orleyn AdvNDB(ne), Munday T S (Chair, ind ne), infrastructure expenditure improves.
Dickson A E (CEO), Husain M J (Chair Designate, ind ne),
Thomson N A (CFO)
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