Page 168 - 2021 Issue 2
P. 168

JSE – MER                                Profile’s Stock Exchange Handbook: 2021 – Issue 2
                                                   components. Metair was formed in 1948, becoming a supplier of
               Merafe Resources Ltd.               automotive components to a single OEM in South Africa in 1964. As
                                                   Metair has grown, our strategy has evolved to meet the challenges of
        MER
       ISIN: ZAE000060000  SHORT: MERAFE  CODE: MRF  competing in the global automotive industry.
       REG NO: 1987/003452/06  FOUNDED: 1987  LISTED: 1988  SECTOR: Consumer Discretionary—Auto&Parts—Auto&Parts—Auto
       NATURE OF BUSINESS: Merafe is listed on the JSE Ltd. in the General  NUMBER OF EMPLOYEES: 9 287
        Mining sector under the share code MRF. Currently, the main focus of  DIRECTORS: Douwenga S (CEO & FD), Matthews B (ind ne),
        Merafe's business is on the 20.5% participation of its wholly owned  Mawasha B (ind ne), MgodusoTN(ld ind ne), Mkhondo N (ind ne),
        subsidiary, Merafe Ferrochrome and Mining (Pty) Ltd., in the earnings before  Molefe P (ind ne), MuellMH(ind ne), SithebeAK(ind ne),
        interest,taxdepreciationandamortisation(EBITDA)oftheGlencore-Merafe  Sithole S (ind ne), FlemmingCMD (Chair, ind ne),
        Chrome Venture (the Venture), in which Glencore has a 79.5% participation.  Pretorius S G (Chair, ind ne)
        Merafe and Glencore South Africa operations (Glencore) formed the Venture  MAJOR ORDINARY SHAREHOLDERS as at 11 Nov 2020
        inJuly2004whenthecompaniespooledtheirchromeoperationstocreatethe  Value Capital Partners (Pty) Ltd.  11.99%
        largest ferrochrome producer in the world.  Foord Asset Management (Pty) Ltd.  11.47%
       SECTOR:BasicMaterials—BasicResrcs—IndMet&Min—GeneralMining  Kagiso Asset Management (Pty) Ltd.  10.58%
       NUMBER OF EMPLOYEES: 7 368                 POSTAL ADDRESS: PO Box 2077, Saxonwold, 2132
       DIRECTORS: Blankfield S (ne), Majova B (ind ne), McClaughlan  MORE INFO: www.sharedata.co.za/sdo/jse/MTA
        J(ind ne), MosweuMT(ne), Tlale K (ind ne), VusoMJ(ind ne),  COMPANY SECRETARY: S M Vermaak
        Mngomezulu A (Chair, ind ne), Matlala Z (CEO), Chocho D (FD)
       MAJOR ORDINARY SHAREHOLDERS as at 05 Aug 2020  TRANSFER SECRETARY: Computershare Investor Services (Pty) Ltd.
         Glencore BV                      28.68%  SPONSOR: One Capital
         Industrial Development Corporation of SA Ltd.  21.78%  AUDITORS: PwC Inc.
         PSG Konsult                       6.64%  CAPITAL STRUCTURE   AUTHORISED     ISSUED
       POSTAL ADDRESS: PO Box 652157, Benmore, 2010  MTA  Ords no par value  400 000 000  198 985 886
       MORE INFO: www.sharedata.co.za/sdo/jse/MRF  DISTRIBUTIONS [ZARc]
       COMPANY SECRETARY: CorpStat Governance Services  Ords no par value  Ldt  Pay    Amt
       TRANSFER SECRETARY: JSE Investor Services (Pty) Ltd.  Final No 69  13 Apr 21  19 Apr 21  75.00
       SPONSOR: One Capital Sponsor Services (Pty) Ltd.  Final No 68  15 Apr 19  23 Apr 19  100.00
       AUDITORS: Deloitte & Touche
                                                  LIQUIDITY: Apr21 Ave 1m shares p.w., R24.2m(33.9% p.a.)
       CAPITAL STRUCTURE   AUTHORISED     ISSUED
       MRF  Ords 1c ea      3 500 000 000  2 510 704 248  AUTM       40 Week MA   METAIR
       DISTRIBUTIONS [ZARc]                                                            3217
       Ords 1c ea            Ldt    Pay     Amt
                                                                                       2844
       Final No 13       24 Mar 20  30 Mar 20  4.00
       Final No 12       26 Mar 19  1 Apr 19  6.00
                                                                                       2471
       LIQUIDITY: Apr21 Ave 11m shares p.w., R5.5m(22.3% p.a.)
                                                                                       2098
               MINI       40 Week MA   MERAFE
                                                                                       1724
                                           309
                                                                                       1351
                                           253       2016  |  2017  |  2018  |  2019  |  2020  |
                                           197    FINANCIAL STATISTICS
                                                  (R million)  Dec 20  Dec 19  Dec 18  Dec 17  Dec 16
                                           141                  Final  Final  Final  Final  Final
                                                  Turnover     10 235  11 238  10 277  9 517  8 954
                                           85
                                                  Op Inc         561  1 018  1 009  848  731
                                                  NetIntPd(Rcvd)  164  227  186   175  155
                                           29
          2016  |  2017  |  2018  |  2019  |  2020  |
                                                  Minority Int   11    34    32   31    20
       FINANCIAL STATISTICS                       Att Inc        174  624   667   556  448
       (R million)  Dec 20  Dec 19  Dec 18  Dec 17  Dec 16  TotCompIncLoss  - 100  273  382  149  - 661
                     Final Final(rst) Final(rst) Final(rst)  Final  Fixed Ass  2 618  2 707  2 538  2 606  2 857
       Revenue       4 780  5 379  5 606  5 889  5 702  Tot Curr Ass  5 539  4 906  4 493  4 072  3 780
       Op Inc       - 1 351  - 67  940  1 297  803  Ord SH Int  4 106  4 188  4 166  4 076  4 077
       NetIntPd(Rcvd)  - 5  10    - 4  19    59   Minority Int   109  123   121   119  103
       Att Inc      - 1 003  - 1 362  683  914  532  LT Liab    1 028  1 843  1 587  1 754  1 608
       TotCompIncLoss  - 1 003  - 1 362  683  914  532  Tot Curr Liab  4 056  2 813  2 547  2 155  2 244
       Fixed Ass      339  1 435  3 226  3 271  3 235  PER SHARE STATISTICS (cents per share)
       Tot Curr Ass  2 609  3 057  3 320  3 053  3 017  HEPS-C (ZARc)  148.00  336.00  327.00  281.00  229.00
       Ord SH Int    2 277  3 381  4 893  4 636  3 897  DPS (ZARc)  75.00  120.00  100.00  80.00  70.00
       LT Liab        192  585  1 136  1 084  1 175  NAV PS (ZARc)  2 133.00 2 186.00 2 167.00 2 059.00 2 059.00
       Tot Curr Liab  644  594   599   635  1 199
                                                  3 Yr Beta     1.08  0.14  0.01  0.72  0.78
       PER SHARE STATISTICS (cents per share)     Price High    2 400  2 575  2 450  2 600  2 780
       HEPS-C (ZARc)  - 0.80  - 3.40  27.20  36.40  21.20  Price Low  1 192  1 600  1 350  1 731  1 725
       DPS (ZARc)      -   4.00  13.97  12.00  4.80  Price Prd End  1 875  2 310  1 950  2 150  2 200
       NAV PS (ZARc)  90.69  134.64  194.88  184.63  155.22  RATIOS
       3 Yr Beta     1.11  0.96  0.81  0.81  0.44  Ret on SH Fnd  4.40  15.26  16.31  14.00  11.20
       Price High     89   153   174   201  165   Oper Pft Mgn  5.48  9.06  9.81  8.91  8.17
       Price Low      24    75   126   108   50   D:E           0.70  0.70  0.59  0.59  0.63
       Price Prd End  42    86   142   149  165   Current Ratio  1.37  1.74  1.76  1.89  1.68
       RATIOS                                     Div Cover     1.21  2.71  3.38  3.51  3.24
       Ret on SH Fnd  - 44.05  - 40.28  13.97  19.72  13.66
       Oper Pft Mgn  - 28.25  - 1.25  16.77  22.03  14.09  Metrofile Holdings Ltd.
       D:E           0.08  0.17  0.23  0.25  0.44
                                                   MET
       Current Ratio  4.05  5.15  5.54  4.80  2.52  ISIN: ZAE000061727  SHORT: METROFILE  CODE: MFL
       Div Cover       -  - 13.55  1.95  3.03  4.42  REG NO: 1983/012697/06  FOUNDED: 1983  LISTED: 1995
                                                  NATURE OF BUSINESS: Metrofile Group is a leading global records and
               Metair Investments Ltd.             information management specialist, providing clients with end-to-end
                                                   solutions for the complete data management lifecycle, while ensuring they
        MET                                        extract maximum value from their information assets. The business was
       ISIN: ZAE000090692  SHORT: METAIR  CODE: MTA  formed in 1983 and 37 years later, its operations service clients of all sizes
       REG NO: 1948/031013/06  FOUNDED: 1948  LISTED: 1949  and sectors across South Africa, Botswana, Kenya, Mozambique and the
       NATURE OF BUSINESS:Metair is a publicly-owned company listed on the  Middle East. Group companies operate from 63 facilities, at 35 locations,
        Johannesburg Stock Exchange. From its headquarters in Johannesburg the  covering 113 400 square metres of warehousing space.
        group manages an international portfolio of companies that manufacture,  SECTOR:Inds—IndsGoods&Services—IndsSupptServ—ProfBusSupportServ
        distribute and retail products for energy storage and automotive
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