Page 197 - Profile's Stock Exchange Handbook - 2021 Issue 3

Profile’s Stock Exchange Handbook: 2021 – Issue 3 JSE – REU
POPULAR BRAND NAMES: African Cables,
Reunert Ltd. CBI-electric, ECN, Nashua, Reutech
Communications, Reutech Radar Systems,
REU
Reutech Solutions, Skywire
POSTAL ADDRESS: PO Box 784391, Sandton,
2146
EMAIL: invest@reunert.co.za
WEBSITE: www.reunert.com
TELEPHONE: 011-517-9000
Scan the QR code to COMPANY SECRETARY: Reunert Management
visit our website Services
TRANSFER SECRETARY: Computershare
Investor Services (Pty) Ltd.
ISIN: ZAE000057428 SHORT: REUNERT CODE: RLO SPONSOR: One Capital
REG NO: 1913/004355/06 FOUNDED: 1888 LISTED: 1948 AUDITORS: Deloitte & Touche
BANKERS: Investec, Nedbank Ltd., Standard Bank
NATURE OF BUSINESS: SEGMENTAL REPORTING as at 30 Sep 20 (asa%of Assets)
Reunert Ltd. is a South African-based industrial group in the Information Communication Technologies 44.00%
Applied Electronics
26.00%
industrial goods and services sector. It manages a number of Electrical Engineering 25.00%
businesses focused on electrical engineering, information and Other 5.00%
communication technologies and applied electronics. CALENDAR Expected Status
Reunert's employees are highly qualified and experienced Next Final Results 23 Nov 2021 Confirmed
engineers, technicians, research and developmentexperts and Annual General Meeting Mar 2022 Unconfirmed
field support staff. Reunert owns well-known brands such as Next Interim Results May 2022 Unconfirmed
Nashua, CBI-electric and Reutech. Reunert promotes a decen- 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. Interim No 190 22 Jun 21 28 Jun 21 70.00
Final No 189 19 Jan 21 25 Jan 21 192.00
SECTOR: Inds—IndsGoods&Services—Elec&ElecEquip—Components Interim No 188 7 Jul 20 13 Jul 20 65.00
MAJOR ORDINARY SHAREHOLDERS as at 31 Mar 2021 Final No 187 14 Jan 20 20 Jan 20 383.00
Old Mutual Investment Group (SA) (Pty) Ltd. 14.50% LIQUIDITY: Jun21 Ave 2m shares p.w., R82.7m(54.3% p.a.)
Public Investment Corporation Ltd. 11.40%
Ninety One SA 7.30% ELEE 40 Week MA REUNERT
FINANCIAL STATISTICS 8200
(R million) Mar 21 Sep 20 Sep 19 Sep 18 Sep 17
Interim Final Final Final Final 6979
Turnover 4 614 8 046 10 714 10 492 9 773
Op Inc 436 307 1 361 1 542 1 497 5757
NetIntPd(Rcvd) 17 42 15 - 11 - 65
4536
Tax 121 82 387 358 437
Minority Int - 2 - 40 14 - 6 30 3314
Att Inc 313 47 790 1 158 1 112
TotCompIncLoss 288 - 49 809 1 087 1 150 2093
Hline Erngs-CO 311 186 924 1 135 1 111 2016 | 2017 | 2018 | 2019 | 2020 |
Fixed Ass 829 826 862 1 297 1 095 Recent Announcements
FinCo Acc Rec 1 827 1 778 2 082 1 990 1 682 Reunert interim results March 2021 - Tuesday, 25 May 2021:
Inv & Loans 140 135 214 214 214 Revenue for the interim period went up 11% to R4.6 billion
Def Tax Asset 154 172 143 151 105
Tot Curr Ass 5 433 5 260 5 574 5 748 6 072 (2020: R4.1 billion) whilst operating profit recovered at R436
Ord SH Int 6 489 6 505 7 312 7 438 7 138 million (2020: loss of R155 million). Profit attributable to equity
Minority Int 43 38 119 88 105 holders turned around at R310 million (2020: loss of R244
LT Liab 360 348 209 381 306 million). Furthermore, headline earnings per share came to 193
Tot Curr Liab 3 010 2 835 2 664 2 546 2 540 cents per share (2020: headline loss of 76 cents per share).
PER SHARE STATISTICS (cents per share) Cash dividend
EPS (ZARc) 194.00 29.00 490.00 717.00 680.00 Notice is hereby given that a gross interim cash dividend No.
HEPS-C (ZARc) 193.00 115.00 573.00 703.00 679.00 190 of 70 cents per ordinary share (March 2020: 65.0 cents per
Pct chng p.a. 235.7 - 79.9 - 18.5 3.5 19.1
Tr 5yr av grwth % - - 15.8 3.5 4.5 1.5 ordinary share) has been declared by the directors for the six
DPS (ZARc) 70.00 257.00 513.00 493.00 474.00 months ended 31 March 2021.
Pct chng p.a. - - 49.9 4.1 4.0 8.0 Company prospects
Tr 5yr av grwth % - - 5.2 6.8 6.0 5.2 Reunert has continued its recovery from the impact of COVID-19
NAV PS (ZARc) 3 508.15 3 516.80 3 952.43 4 020.54 3 872.52 and all businesses have fully adjusted to our new operating condi-
3 Yr Beta 0.45 0.32 0.13 0.35 0.24 tions. The improvement in performance in the EE Segment is
Price High 5 402 7 918 8 422 8 875 7 768 expected to be sustained into the second half of the year and the
Price Low 2 887 2 806 6 014 6 473 5 933
Price Prd End 5 050 2 863 6 900 7 600 6 772 ICT Segment should continue to deliver in line with its recent per-
RATIOS formance as the economy continues to improve. The AE Segment
Ret on SH Fnd 9.52 0.11 10.82 15.31 15.77 isexpectedtodeliveranimprovedsecondhalf,basedontheexport
Ret On Tot Ass 9.83 2.25 15.15 16.51 17.44 orders on hand together with the forecast contribution from the
Oper Pft Mgn 9.45 3.82 12.70 14.70 15.32 renewable energy businesses.
D:E 0.18 0.16 0.07 0.08 0.07 The Group's performance is expected to remain robust thereby
Int Cover 26.35 4.95 80.47 n/a n/a ensuring the generation of sufficient free cash flow to support
Current Ratio 1.80 1.86 2.09 2.26 2.39
Div Cover 2.77 0.11 0.96 1.45 1.43 the Group's growth and re-investment requirements, whilst
NUMBER OF EMPLOYEES: 5 747 also supporting cash returns to shareholders.
DIRECTORS: Abdool-Samad T (ind ne), DarkoAB(ind ne), Some economic uncertainty regarding our H2FY:2021 perfor-
Fourie P (ind ne), HulleyJP(ind ne), JagoeSD(ld ind ne), mance remains, as the third wave of COVID-19 in South Africa
Martin S (ind ne), Matshoba-Ramuedzisi T (ind ne), Moodley M, is expected to develop during this period and several of our key
Orleyn AdvNDB(ne), Munday T S (Chair, ind ne),
Dickson A E (CEO), Husain M J (Chair Designate, ind ne), export markets continue to battle the pandemic, which may neg-
Thomson N A (CFO) atively impede our ability to fulfil export orders.
195