Page 197 - SHB 2021 Issue 4

Profile’s Stock Exchange Handbook: 2021 – Issue 4 JSE – REU
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.co.za
TELEPHONE: 011-517-9000 FAX: 011-517-9035
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 20 (asa%of Assets)
Information Communication Technologies 44.00%
NATURE OF BUSINESS: Applied Electronics 26.00%
Reunert Ltd. is a South African-based industrial group in the Electrical Engineering 25.00%
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. Next Final Results 23 Nov 2021 Confirmed
Reunert’s employees are highly qualified and experienced Annual General Meeting 15 Feb 2022 Estimate
engineers, technicians, research and developmentexperts and Next Interim Results May 2022 Unconfirmed
field support staff. Reunert owns well-known brands such as
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. 14.4%
Public Investment Corporation Ltd. 11.3% LIQUIDITY: Sep21 Ave 2m shares p.w., R67.6m(46.2% p.a.)
Ninety One SA (Pty) Ltd. 8.1% 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 2016 | 2017 | 2018 | 2019 | 2020 | 2021 2093
Hline Erngs-CO 311 186 924 1 135 1 111
Fixed Ass 829 826 862 1 297 1 095 Recent Announcements
FinCo Acc Rec 1 827 1 778 2 082 1 990 1 682 Tuesday, 24 August 2021: Shareholders of Reunert (“Sharehold-
Inv & Loans 140 135 214 214 214 ers”) are referred to the announcement published on SENS on
Def Tax Asset 154 172 143 151 105 Thursday, 1 October 2020, wherein shareholders were advised
Tot Curr Ass 5 433 5 260 5 574 5 748 6 072 of the appointment of Mr Mohamed Husain as an independent
Ord SH Int 6 489 6 505 7 312 7 438 7 138 non-executive director and the chair-elect of the board of
Minority Int 43 38 119 88 105
LT Liab 360 348 209 381 306 directors of the Company (the “Board”). The announcement
Tot Curr Liab 3 010 2 835 2 664 2 546 2 540 also indicated that Mr Husain would assume the role of chair of
PER SHARE STATISTICS (cents per share) the Board by no later than Reunert’s 2022 annual general
EPS (ZARc) 194.00 29.00 490.00 717.00 680.00 meeting, currently planned for 15 February 2022 (“2022
HEPS-C (ZARc) 193.00 115.00 573.00 703.00 679.00 AGM”).
Pct chng p.a. 235.7 - 79.9 - 18.5 3.5 19.1 Shareholders are hereby advised that, immediately following
Tr 5yr av grwth % - - 15.8 3.5 4.5 1.5 the conclusion of the 2022 AGM:
DPS (ZARc) 70.00 257.00 513.00 493.00 474.00 *MrTrevorMunday,anindependentnon-executivedirectorand
Pct chng p.a. - - 49.9 4.1 4.0 8.0 the incumbent chair of the board, will retire from the board;
Tr 5yr av grwth % - - 5.2 6.8 6.0 5.2 *Mr Husain will be appointed as chair of the board; and
NAV PS (ZARc) 3 508.15 3 516.80 3 952.43 4 020.54 3 872.52 *Mr Sean Jagoe, the lead independent director of the board, will
3 Yr Beta 0.45 0.32 0.13 0.35 0.24
Price High 5 402 7 918 8 422 8 875 7 768 retire from the board in accordance with the Company’s board
Price Low 2 887 2 806 6 014 6 473 5 933 charter.
Price Prd End 5 050 2 863 6 900 7 600 6 772 The board has commenced a process to select an independent
RATIOS non-executive director to replace Mr Jagoe. An announcement
Ret on SH Fnd 9.52 0.11 10.82 15.31 15.77 of the new lead independent director and Mr Jagoe’s replace-
Ret On Tot Ass 9.83 2.25 15.15 16.51 17.44 ment will be published in due course.
Oper Pft Mgn 9.45 3.82 12.70 14.70 15.32 Reunert interim results March 2021 - Tuesday, 25 May 2021:
D:E 0.18 0.16 0.07 0.08 0.07 Revenue for the interim period went up 11% to R4.6 billion
Int Cover 26.35 4.95 80.47 n/a n/a (2020: R4.1 billion) whilst operating profit recovered at R436
Current Ratio 1.80 1.86 2.09 2.26 2.39
Div Cover 2.77 0.11 0.96 1.45 1.43 million (2020: loss of R155 million). Profit attributable to
NUMBER OF EMPLOYEES: 5 747 equity holders turned around at R310 million (2020: loss of
DIRECTORS: Abdool-Samad T (ind ne), Darko A B (ind ne), R244 million). Furthermore, headline earnings per share came
Fourie P (ind ne), Hulley J P (ind ne), JagoeSD(ld ind ne), to 193 cents per share (2020: headline loss of 76 cents per
Martin S (ind ne), Matshoba-Ramuedzisi T (ind ne), Moodley M, share).
Orleyn Adv N D B (ne), Munday T S (Chair, ind ne), Dickson A E (CEO),
Husain M J (Chair Designate, ind ne), Thomson N A (CFO)
195