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Profile’s Stock Exchange Handbook: 2024 – Issue 3 JSE – FRO
Frontier Transport Holdings Ltd. Gemfields Group Ltd.
FRO GEM
ISIN: ZAE000300505 SHORT: FRONTIERT CODE: FTH ISIN: GG00BG0KTL52 SHORT: GEMFIELDS CODE: GML
REG NO: 2015/250356/06 FOUNDED: 2015 LISTED: 2018 REG NO: 47656 FOUNDED: 2007 LISTED: 2008
NATURE OF BUSINESS: The current portfolio is rooted in the commuter NATURE OF BUSINESS: Gemfields is a world-leading responsible miner
bus and luxury coach segments. Through its principal subsidiary Golden and marketer of coloured gemstones. Gemfields is the operator and 75%
Arrow Bus Services, with over 160 years of proven operational expertise. owner of both the Kagem emerald mine in Zambia (believed to be the
The company aims to harness the combined institutional knowledge and world’s single largest producing emerald mine) and the Montepuez ruby
skills sets to pursue further prospects in bus and coach operations and mine in Mozambique (one of the most significant recently discovered ruby
potential entrées into freight, rail and logistics operations. deposits in the world). In addition, Gemfields also holds controlling
SECTOR: ConsDisr—Travel&Leis—Travel&Leis—Travel&Tour interests in various other gemstone mining and prospecting licences in
NUMBER OF EMPLOYEES: 0 Zambia, Mozambique, Ethiopia and Madagascar.
DIRECTORS: Govender T G (ne), Govender L (ld ind ne), Magugu M F SECTOR:BasicMaterials—BasicResrcs—PreciousMet&Min—Dia&Gem
(ind ne), Mkhwanazi N (ind ne), Nicolella J R (ne), Watson R D NUMBER OF EMPLOYEES: 3 474
(ind ne), Shaik Y (Chair, ne), Meyer F E (CEO), Wilkin M L (CFO) DIRECTORS: Daly K (ne), Mmela K (ld ind ne), Reilly M (ind ne, UK),
MAJOR ORDINARY SHAREHOLDERS as at 31 Mar 2023 SaccoPE(ne), Scott S (ind ne), Cleaver B (Chair, ind ne),
HCI 82.05% Gilbertson S (CEO), Lovett D (CFO, UK)
POSTAL ADDRESS: PO Box 115, Cape Town, 8000 MAJOR ORDINARY SHAREHOLDERS as at 31 Dec 2023
MORE INFO: www.sharedata.co.za/sdo/jse/FTH Assore International Holdings Ltd. 29.17%
COMPANY SECRETARY: HCI Managerial Services (Pty) Ltd. Rational Expectations (Pty) Ltd. 13.41%
Ophorst Van Marwijk Kooy Vermogensbeheer NV
9.79%
TRANSFER SECRETARY: Computershare Investor Services (Pty) Ltd. POSTAL ADDRESS: PO Box 186, Royal Chambers, St. Julian’s Avenue,
SPONSOR: Investec Bank Ltd. St. Peter Port, Guernsey, GY1 4HP
AUDITORS: BDO Cape Inc.
MORE INFO: www.sharedata.co.za/sdo/jse/GML
CAPITAL STRUCTURE AUTHORISED ISSUED COMPANY SECRETARY: Toby Hewitt
FTH Ords no par val 1 000 000 000 292 446 781 TRANSFER SECRETARY: Computershare Investor Services (Pty) Ltd.
DISTRIBUTIONS [ZARc] SPONSOR: Investec Bank Ltd.
Ords no par val Ldt Pay Amt AUDITORS: Ernst & Young LLP
Final No 12 11 Jun 24 18 Jun 24 24.20 CAPITAL STRUCTURE AUTHORISED ISSUED
Special No 3 6 Feb 24 12 Feb 24 137.38 GML Ords USD0.001c ea - 1 167 362 130
LIQUIDITY: Jul24 Avg 158 262 shares p.w., R967 868.9(2.8% p.a.) DISTRIBUTIONS [USDc]
Ords USD0.001c ea Ldt Pay Amt
TRAV 40 Week MA FRONTIERT
Final No 3 4 Jun 24 24 Jun 24 0.86
781
Final No 2 24 Apr 23 12 May 23 2.88
644 LIQUIDITY: Jul24 Avg 3m shares p.w., R8.7m(12.1% p.a.)
MINI 40 Week MA GEMFIELDS
508
421
371
359
234
297
98
2019 | 2020 | 2021 | 2022 | 2023 | 2024
235
FINANCIAL STATISTICS
(Amts in ZAR’000) Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 174
Final Final Final Final Final
Turnover 2 605 820 2 393 841 2 080 002 1 641 025 2 048 402 2019 | 2020 | 2021 | 2022 | 2023 | 2024 112
Op Inc 575 481 458 248 447 798 385 336 488 657
NetIntPd(Rcvd) - 33 084 - 19 114 3 905 16 695 24 538 FINANCIAL STATISTICS
Minority Int 4 512 - 30 - 4 422 - 6 066 1 868 (Amts in USD’000) Dec 23 Dec 22 Dec 21 Dec 20 Dec 19
Att Inc 389 940 277 489 261 199 204 799 261 042 Final Final Final Final Final
TotCompIncLoss 397 213 283 292 260 772 191 026 272 060 Turnover 262 019 341 106 257 706 34 567 216 233
Fixed Ass 1 682 550 1 577 512 1 588 298 1 660 242 1 730 134 Op Inc 17 387 116 543 107 634 - 96 287 71 853
Inv & Loans - - 5 882 - - NetIntPd(Rcvd) 818 1 888 3 211 2 915 4 480
Tot Curr Ass 606 420 796 606 699 181 588 632 576 927 Minority Int 7 261 17 489 14 230 - 7 945 10 762
Ord SH Int 1 381 031 1 546 627 1 426 504 1 292 472 1 228 751 Att Inc - 10 090 56 779 50 733 - 85 282 28 369
Minority Int 525 - 3 857 - 12 651 - 8 229 - 2 163 TotCompIncLoss - 2 405 72 291 65 710 - 90 322 41 576
LT Liab 504 350 444 301 491 967 597 413 695 780 Fixed Ass 356 589 336 765 342 617 362 734 376 913
Tot Curr Liab 440 382 423 225 419 490 420 743 441 266 Inv & Loans 4 000 32 000 37 200 29 600 57 500
PER SHARE STATISTICS (cents per share) Tot Curr Ass 241 618 328 790 297 570 198 783 276 756
HEPS-C (ZARc) 132.40 96.07 90.75 70.01 86.39 Ord SH Int 438 172 490 509 464 506 412 573 494 261
DPS (ZARc) 48.40 57.00 52.00 44.00 45.00 Minority Int 85 321 90 588 79 695 70 443 84 682
NAV PS (ZARc) 464.71 532.23 491.90 445.68 423.71 LT Liab 83 108 89 490 109 579 114 185 130 059
3 Yr Beta 0.32 0.17 0.41 - - Tot Curr Liab 91 290 103 538 90 004 59 509 75 151
Price High 796 580 600 781 535 PER SHARE STATISTICS (cents per share)
Price Low 450 408 300 270 289 HEPS-C (ZARc) - 16.59 78.62 69.51 - 98.76 14.45
Price Prd End 645 510 500 349 320
RATIOS DPS (ZARc) 16.24 75.18 25.06 - -
Ret on SH Fnd 28.55 17.98 18.16 15.47 21.43 NAV PS (ZARc) 687.33 687.29 633.22 512.75 590.52
Oper Pft Mgn 22.08 19.14 21.53 23.48 23.86 3 Yr Beta - 0.18 0.21 0.28 0.36 - 0.44
D:E 0.42 0.35 0.42 0.59 0.71 Price High 434 400 330 220 220
Current Ratio 1.38 1.88 1.67 1.40 1.31 Price Low 285 260 124 103 113
Div Cover 2.77 1.68 1.73 1.61 2.00 Price Prd End 314 385 304 135 180
RATIOS
Ret on SH Fnd - 0.54 12.78 11.94 - 19.30 6.76
Oper Pft Mgn 6.64 34.17 41.77 - 278.55 33.23
D:E 0.24 0.18 0.25 0.30 0.27
Current Ratio 2.65 3.18 3.31 3.34 3.68
Div Cover - 0.91 1.05 2.54 - -
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