Page 80 - Profile's Stock Exchange Handbook - 2021 issue 1

JSE – AEC Profile’s Stock Exchange Handbook: 2021 – Issue 1
NATURE OF BUSINESS: African and Overseas Enterprises has been listed
AECI Ltd. on the JSE Ltd. (“JSE”) since 1948. The company has a controlling interest
in Rex Trueform and its group which in turn is invested in the retail and
AEC
ISIN: ZAE000000220 SHORT: AECI CODE: AFE property industries and has recently entered into an agreement to invest in
ISIN: ZAE000000238 SHORT: AECI 5.5%P CODE: AFEP the water concession industry.
REG NO: 1924/002590/06 FOUNDED: 1924 LISTED: 1966 SECTOR: Consumer Srvcs—Retail—Gen Retailers—Apparels
NATURE OF BUSINESS: AECI is a diversified Group of 17 companies. It NUMBER OF EMPLOYEES: 0
has regional and international businesses in Africa, Europe, South East DIRECTORS: NaylorPM(ld ind ne), RobertsHB(ind ne),
Asia, North America, South America and Australia. Products and services SebataneLK(ind ne), Molosiwa M R (Chair, ind ne), Golding M (CEO),
are provided to a broad spectrum of customers in the mining, water Nel W D (FD)
treatment, plant and animal health, food and beverage, infrastructure and MAJOR ORDINARY SHAREHOLDERS as at 30 Jun 2020
general industrial sectors. Geomer Investments Pty Ltd. 72.30%
SECTOR: Basic Materials—Chems—Chems—Specialty Chems Ceejay Trust 13.50%
NUMBER OF EMPLOYEES: 8 038 Gingko Investments 2 (Pty) Ltd. 6.20%
DIRECTORS: Dawson S (ind ne), De BuckFFT(ne), Dissinger W (ind POSTAL ADDRESS: PO Box 1856, Cape Town, 8000
ne), DunneRMW(ne, UK), Gomwe G (ne, Zim), Ramashia Adv R (ne), MORE INFO: www.sharedata.co.za/sdo/jse/AOO
Roets M (ind ne), Sibiya P (ne), Mokhele DrKDK (Chair, ind ne), COMPANY SECRETARY: Ardilah Mohamed-Mushabe
Dytor M A (CE), Kathan K M (CFO)
MAJOR ORDINARY SHAREHOLDERS as at 27 Dec 2019 TRANSFER SECRETARY: Computershare Investor Services (Pty) Ltd.
SPONSOR: Java Capital Trustees and Sponsors (Pty) Ltd.
Government Employees Pension Fund (PIC) 9.52%
Allan Gray Balanced Fund 4.65% AUDITORS: KPMG Inc.
PSG Flexible Fund 4.03% CAPITAL STRUCTURE AUTHORISED ISSUED
POSTAL ADDRESS: Private Bag X21, Gallo Manor, 2052 AON NOrds 0.25c ea - 10 200 801
MORE INFO: www.sharedata.co.za/sdo/jse/AFE AOO Ords 50c ea - 1 250 000
COMPANY SECRETARY: Wynand Strydom (Acting) AOVP 6% Prefs 200c ea 275 000 275 000
TRANSFER SECRETARY: Computershare Investor Services (Pty) Ltd. DISTRIBUTIONS [ZARc]
SPONSOR: Rand Merchant Bank (A division of FirstRand Bank Ltd.) NOrds 0.25c ea Ldt Pay Amt
AUDITORS: Deloitte & Touche Final No 21 12 Dec 16 19 Dec 16 17.00
CAPITAL STRUCTURE AUTHORISED ISSUED Final No 20 10 Dec 15 21 Dec 15 35.00
AFE Ords 100c ea 180 000 000 109 944 384 LIQUIDITY: Jan21 Ave 30 shares p.w., R761.0(0.1% p.a.)
AFEP Prefs 200c ea 3 000 000 3 000 000
GERE 40 Week MA AF & OVR
DISTRIBUTIONS [ZARc]
Ords 100c ea Ldt Pay Amt 2721
Final No 172 31 Mar 20 26 Oct 20 414.00
2265
Interim No 173 1 Sep 20 7 Sep 20 100.00
LIQUIDITY: Jan21 Ave 935 105 shares p.w., R82.4m(44.2% p.a.) 1809
CHES 40 Week MA AECI 1354
11979
898
9792
442
2016 | 2017 | 2018 | 2019 | 2020 |
7604
FINANCIAL STATISTICS
(Amts in ZAR’000) Jun 20 Jun 19 Jun 18 Jun 17 Jun 16
5417
Final Final Final Final Final
3230 Turnover 578 746 678 873 587 632 528 759 558 229
Op Inc - 76 665 21 809 12 768 - 781 9 277
1043 NetIntPd(Rcvd) 22 344 - 8 943 - 4 616 - 4 386 - 5 223
2016 | 2017 | 2018 | 2019 | 2020 |
Minority Int - 34 513 12 113 5 790 1 438 5 300
FINANCIAL STATISTICS Att Inc - 42 790 20 118 5 709 147 4 241
(R million) Jun 20 Dec 19 Dec 18 Dec 17 Dec 16 TotCompIncLoss - 77 226 32 207 11 777 2 707 10 282
Interim Final Final Final Final
Turnover 11 265 24 799 23 314 18 482 18 596 Fixed Ass 121 759 128 065 129 462 128 182 125 204
524
835
1 785
576
Inv & Loans
2 636
Op Inc 558 2 031 1 999 1 579 1 335 Tot Curr Ass 217 076 178 574 192 920 170 987 185 827
NetIntPd(Rcvd) 185 457 365 167 215
Minority Int - 1 33 34 30 32 Ord SH Int 130 053 169 158 149 365 143 519 145 009
Att Inc 259 1 291 990 950 777 Minority Int 121 207 150 407 123 157 117 276 117 401
19 979
98 005
19 807
22 274
LT Liab
378 849
TotCompIncLoss 1 125 1 424 1 443 778 433 Tot Curr Liab 153 511 68 921 56 687 49 841 56 848
Fixed Ass 6 640 6 542 5 990 4 181 4 130
Inv & Loans 169 140 384 391 352 PER SHARE STATISTICS (cents per share)
Tot Curr Ass 11 799 11 249 10 594 8 606 8 282 HEPS-C (ZARc) - 105.20 44.10 50.20 3.30 34.30
Ord SH Int 11 585 10 912 10 043 9 234 8 913 DPS (ZARc) - - - - 17.00
Minority Int 192 166 156 116 127 NAV PS (ZARc) 1 107.00 1 443.00 1 281.00 1 231.00 1 243.00
LT Liab 6 113 6 779 6 646 1 614 2 324 3 Yr Beta 0.43 1.25 0.81 1.28 1.28
Tot Curr Liab 6 325 5 270 5 424 5 001 4 450 Price High 2 720 2 721 1 826 1 600 1 200
Price Low 2 700 1 826 1 600 1 100 726
PER SHARE STATISTICS (cents per share) Price Prd End 2 700 2 720 1 826 1 600 1 100
HEPS-C (ZARc) 240.00 1 150.00 1 045.00 959.00 818.00
DPS (ZARc) 100.00 570.00 515.00 478.00 435.00 RATIOS - 30.77 10.09 4.22 0.61 3.64
Ret on SH Fnd
NAV PS (ZARc) 10 537.00 9 925.00 9 135.00 8 399.00 8 107.00 Oper Pft Mgn - 13.25 3.21 2.17 - 0.15 1.66
3 Yr Beta 0.62 0.19 0.35 0.74 0.92
Price High 10 995 11 199 12 100 12 186 11 000 D:E 1.51 0.31 0.07 0.08 0.08
Price Low 6 401 7 701 8 239 5 005 7 401 Current Ratio 1.41 - 2.59 - 3.40 - 3.43 - 3.27
2.19
Div Cover
Price Prd End 7 730 10 700 8 351 10 000 10 110
RATIOS
Ret on SH Fnd 4.38 11.95 10.03 10.47 8.94 African Dawn Capital Ltd.
Oper Pft Mgn 4.95 8.19 8.57 8.54 7.18 AFR
D:E 0.64 0.63 0.68 0.24 0.28 ISIN: ZAE000223194 SHORT: AFDAWN CODE: ADW
Current Ratio 1.87 2.13 1.95 1.72 1.86 REG NO: 1998/020520/06 FOUNDED: 1997 LISTED: 2004
Div Cover 2.45 2.15 1.82 1.88 1.69 NATURE OF BUSINESS: African Dawn Capital Ltd. (the “Company” or
“Afdawn”) was founded in 1998 as a micro finance business. Following its
listing on the AltX in 2004, it grew into a niche finance provider
African and Overseas Enterprises Ltd. specialising in micro finance and structured property finance. The
Companywantedtorepositionitselfasalistedventurecapitalvehicle. Due
AFR
ISIN: ZAE000000485 SHORT: AF & OVR CODE: AOO to a long outstanding SARS liability that could not reach settlement on
ISIN: ZAE000000493 SHORT: AF&OVR 6%PP CODE: AOVP time and the failure of the Dzothe Transaction, this strategy was
ISIN: ZAE000009718 SHORT: AFOVR-N CODE: AON abandoned. All non-core assets were sold and eventually a SARS
REG NO: 1947/027461/06 FOUNDED: 1947 LISTED: 1948 settlement was reached in December 2017.
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