Page 202 - Profile's Stock Exchange Handbook 2022 Issue 1

JSE – ROY Profile’s Stock Exchange Handbook: 2022 – Issue 1
Price High 12 083 7 654 5 400 3 500 4 340
Royal Bafokeng Platinum Ltd. Price Low 6 364 1 450 2 463 1 500 2 650
Price Prd End 10 207 6 538 4 962 2 648 2 800
ROY
RATIOS
Ret on SH Fnd 40.31 17.81 0.40 1.69 - 4.55
Ret On Tot Ass 27.02 15.74 1.93 1.99 2.47
Oper Pft Mgn 49.09 36.37 9.09 8.54 8.92
D:E 0.38 0.54 0.56 0.64 0.40
Int Cover 12.57 16.10 1.29 n/a 7.73
Current Ratio 6.72 5.35 2.75 5.32 1.96
Div Cover 3.44 2.38 - - -
NUMBER OF EMPLOYEES: 10 546
DIRECTORS: Ledger P (ind ne), Matlala Z (ind ne),
Moffet M J (ld ind ne),
ISIN: ZAE000149936 SHORT: RBPLAT CODE: RBP Mokgosi-Mwantembe T (ind ne),
REG NO: 2008/015696/06 FOUNDED: 2009 LISTED: 2010 Rogers M H (ind ne), Stephens L (ind ne),
Phetwe O (Chair, ne), Phiri S D (CEO),
NATURE OF BUSINESS: Rossouw H (CFO)
The company is an independently operated and managed, POSTALADDRESS:POBox2283,Fourways,2055
EMAIL: irandmedia@bafokengplatinum.co.za
mid-tierPGM(PlatinumGroupMetal)producerwhosecurrent Scan the QR code to WEBSITE: www.bafokengplatinum.co.za
mining operations and planned expansion prospects are based visit our website TELEPHONE: 010-590-4510
on the Bushveld Igneous Complex (the Bushveld complex) in FAX: 086-210-9421
the North West province, South Africa, the largest source of COMPANY SECRETARY: Lester Jooste (ACIS)
PGMs in the world. RBPlat was formed to exploit PGMs in the TRANSFER SECRETARY: Computershare Investor Services (Pty) Ltd.
SPONSOR: Merrill Lynch SA (Pty) Ltd.
Merensky and UG2 Reefs on the BRPM, Styldrift and AUDITORS: KPMG Inc.
Frischgewaagd properties in the Rustenburg area. The PGM BANKERS: Nedbank Ltd.
resources on the Styldrift and Frischgewaagd farms have been CALENDAR Expected Status
identified as hosting the last undeveloped sub-outcrops of the Next Final Results Mar 2022 Confirmed
Merensky Reef on the western limb of the Bushveld Complex. Annual General Meeting Apr 2022 Unconfirmed
RBPlat produces approximately 419 thousand 4E ounces per Next Interim Results Aug 2022 Unconfirmed
annum and has a total resource base of 68.1 million ounces. CAPITAL STRUCTURE AUTHORISED ISSUED
The mining operations are Merensky biased with UG2 being
RBP Ords 1c each 1 000 000 000 289 016 546
mined on a replacement basis. The mining plan currently DISTRIBUTIONS [ZARc]
focuses on the shallow Merensky Reef on the BRPM property, Ords 1c each Ldt Pay Amt
and expansion to the Merensky Reef on the Styldrift property. Interim No 2 24 Aug 21 30 Aug 21 535.00
UG2 is currently being mined on a supplemental basis at Final No 1 29 Mar 21 6 Apr 21 575.00
BRPM, with the UG2 production increasing commensurately LIQUIDITY: Nov21 Avg 5m shares p.w., R436.8m(81.2% p.a.)
with the depletion of the Merensky resource.
MINI 40 Week MA RBPLAT
Thecompany’s brownfieldMerenskyexpansionprojectonthe
13072
neighbouring Styldrift farm which is contiguous to BRPM is
well advanced. Styldrift is a new mine development sunk to a 10856
depth of 753 metres. Styldrift as well as the acquisition of the
8640
Maseve concentrator has the potential to increase the
Company’s production to approximately 410ktpm of milled 6424
ore, yielding approximately 320koz platinum-in-concentrate
4208
per annum. Styldrift is expected to achieve steady state
production of 230ktpm by the end of 2021. 1992
2016 | 2017 | 2018 | 2019 | 2020 | 2021
SECTOR:BasicMaterials—BasicResrcs—PreciousMet&Min—Plat&PrecMet
MAJOR ORDINARY SHAREHOLDERS as at 08 Dec 2021 Recent Announcements
Northam Platinum Holdings (Pty) Ltd. 34.95% Tuesday, 09 November 2021: Shareholders are referred to the joint
Impala Platinum Holdings (Pty) Ltd. 32.26% cautionary announcement released on SENS by the Company
FINANCIAL STATISTICS and Impala Platinum Holdings Ltd. on 27 October 2021 (“Joint
(R million) Jun 21 Dec 20 Dec 19 Dec 18 Dec 17 Cautionary Announcement”)and are advised that the Company
Interim Final Final Final(rst) Final
Turnover 9 584 13 379 7 492 3 627 3 499 has been informed by its single largest shareholder, Royal
Op Inc 4 705 4 866 681 310 312 Bafokeng Holdings Ltd. (“RBH”) that it is no longer supportive
NetIntPd(Rcvd) 410 333 430 - 74 - 85 of the transaction referred to in that Joint Cautionary Announce-
Tax - 154 1 494 60 61 84 ment. RBH has further indicated that in so far as it holds shares
Minority Int - - - 100 96 in the Company, it will vote against the proposed scheme of ar-
Att Inc 4 893 3 529 64 156 - 753 rangement referred to in the Joint Cautionary Announcement.
TotCompIncLoss 4 893 3 529 64 256 - 657 Due to this unexpected turn of events, the scheme of arrange-
Hline Erngs-CO 4 871 3 489 123 50 109 ment cannot be implemented without the support of RBH. Ac-
Fixed Ass 21 609 21 439 20 870 20 309 17 599
Inv & Loans 323 303 290 267 200 cordingly, caution is no longer required to be exercised by
Def Tax Asset 58 58 58 70 47 shareholders when dealing in securities of the Company.
Tot Curr Ass 11 834 9 010 4 790 4 027 3 697 Wednesday, 27 October 2021: Shareholders of both RBPlat and
Ord SH Int 24 276 19 817 16 187 15 158 10 670 Implats (“the Parties”) are advised that the Parties are in discus-
Minority Int - - - - 3 754 sions relating to a non-binding indicative proposal (“Proposal”)
LT Liab 9 038 10 442 9 025 9 596 5 838 from Implats to acquire 100% of the issued ordinary shares of
Tot Curr Liab 1 761 1 686 1 740 756 1 884
RBPlat, other than treasury shares held by the RBPlat Group by
PER SHARE STATISTICS (cents per share) way of a scheme of arrangement in terms of section 114 of the
EPS (ZARc) 1 840.20 1 369.90 26.30 78.10 - 390.60 Companies Act, 71 of 2008 (“Proposed Transaction”). Should
HEPS-C (ZARc) 1 831.90 1 354.40 50.40 25.00 56.40 Implats acquire all the issued ordinary shares in RBPlat, applica-
Pct chng p.a. 170.5 2 587.3 101.6 - 55.7 - 34.9
Tr 5yr av grwth % - 560.5 16.1 3.3 27.8 tion will be made to the JSE for the issued ordinary shares of
DPS (ZARc) 535.00 575.00 - - - RBPlat to be delisted.
NAV PS (ZARc) 8 465.70 7 724.36 7 782.03 7 859.38 5 549.21
3 Yr Beta 1.84 1.76 0.50 0.03 0.83
200