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JSE – TRU Profile’s Stock Exchange Handbook: 2024 – Issue 3
Trustco Group Holdings Ltd. Truworths International Ltd.
TRU TRU
ISIN: NA000A0RF067 SHORT: TRUSTCO CODE: TTO ISIN: ZAE000028296 SHORT: TRUWTHS CODE: TRU
REG NO: 2003/058 FOUNDED: 1992 LISTED: 2009 REG NO: 1944/017491/06 FOUNDED: 1944 LISTED: 1998
NATURE OF BUSINESS: Trustco is a diversified, triple listed majority NATURE OF BUSINESS: Truworths International Ltd. is an investment
family owned investment group with a culture of creating long-term holding and management company based in Cape Town, South Africa. Its
sustainable growth for all stakeholders. Decisions are biased towards main operating companies, Truworths Ltd. (Truworths, operating in
long-term value creation and short-term hurdles are viewed as catalysts to South Africa) and Office Holdings Ltd. (Office, operating primarily in the
drive success. The company primarily invests in high quality, world class United Kingdom), are leading retailers of fashion clothing, footwear,
assets in the financial services and resources industries. homeware and related merchandise.
Trustco’s business purpose is sustainable, medium- to long-term wealth SECTOR: ConsDiscr—Retail—Retailers—ApparelRetailers
creation through capital appreciation and investment income for our NUMBER OF EMPLOYEES: 9 843
stakeholders on a per share basis, which aligns with our objectives of being DIRECTORS: DowRG(ind ne), Earp D (ind ne), Hawinkels H (ld ind ne),
a long-term but not permanent investor Mokgabudi T (ind ne), MosololiTF(ind ne), MotsepeDR(ind ne),
SECTOR: Fins—FinServcs—InvBnkng&BrokerServcs— DiversFinServcs Muller W (ind ne), SparksRJA(ind ne), Taylor T (ind ne),
NUMBER OF EMPLOYEES: 567 Saven H (Chair, ind ne), Mark M S (CEO), Cristaudo E (Deputy CEO),
DIRECTORS: Geyser W J (ind ne, Namb), Taljaard R J (ind ne, Namb), Proudfoot S (Deputy CEO)
van den Heever J (ind ne, Namb), Heathcote Adv R (Chair, ind ne, Namb), MAJOR ORDINARY SHAREHOLDERS as at 18 Jan 2024
van Rooyen Dr Q (CEO, Namb), van Rooyen Q Z (Deputy CEO, alt, Namb), Public Investment Corporation SOC Ltd. 17.20%
Abrahams F J (FD, Namb) Fairtree Asset Management (Pty) Ltd. 5.20%
MAJOR ORDINARY SHAREHOLDERS as at 31 Aug 2023 Sanlam Investments 5.05%
Q.Van Rooyen 40.07% POSTAL ADDRESS: PO Box 600, Cape Town, 8000
Riskowits Value Fund 23.61% MORE INFO: www.sharedata.co.za/sdo/jse/TRU
Notre Dame 12.81% COMPANY SECRETARY: C Durham
POSTAL ADDRESS: PO Box 11363, Windhoek, Namibia TRANSFER SECRETARY: Computershare Investor Services (Pty) Ltd.
MORE INFO: www.sharedata.co.za/sdo/jse/TTO SPONSOR: One Capital
COMPANY SECRETARY: Komada Holdings (Pty) Ltd. AUDITORS: Ernst & Young Inc.
TRANSFER SECRETARY: Computershare Investor Services (Pty) Ltd.
SPONSOR: Vunani Corporate Finance CAPITAL STRUCTURE AUTHORISED ISSUED
AUDITORS: Nexia SAB&T Inc. TRU Ords 0.015c ea 650 000 000 408 498 899
DISTRIBUTIONS [ZARc]
CAPITAL STRUCTURE AUTHORISED ISSUED
TTO Ords NAD0.23c ea 2 500 000 000 987 238 581 Ords 0.015c ea Ldt Pay Amt
Interim No 52 18 Mar 24 25 Mar 24 332.00
DISTRIBUTIONS [NADc] Final No 51 19 Sep 23 26 Sep 23 245.00
Ords NAD0.23c ea Ldt Pay Amt
Final No 12 26 Jul 16 22 Aug 16 5.00 LIQUIDITY: Jul24 Avg 9m shares p.w., R707.6m(118.7% p.a.)
Interim No 11 20 Nov 15 8 Dec 15 3.40 GERE 40 Week MA TRUWTHS
LIQUIDITY: Jul24 Avg 225 192 shares p.w., R84 330.2(1.2% p.a.) 9600
GENF 40 Week MA TRUSTCO
8182
1782
6764
1430
5346
1077
3928
725
2510
2019 | 2020 | 2021 | 2022 | 2023 | 2024
372
FINANCIAL STATISTICS
20 (R million) Dec 23 Jul 23 Jun 22 Jun 21 Jun 20
2019 | 2020 | 2021 | 2022 | 2023 | 2024
Interim Final Final Final Final
NOTES: The company changed its financial year-end from September to Revenue 12 753 21 992 19 340 17 534 17 982
August.
Op Inc 2 212 3 616 3 618 2 269 - 1 274
FINANCIAL STATISTICS NetIntPd(Rcvd) - 448 - 765 - 554 - 470 - 802
(Amts in NAD’000) Feb 24 Aug 23 Aug 22 Aug 21 Sep 20 Minority Int 6 13 16 5 - 120
Interim Final Final Final(rst) Final(rst)
Interest Paid 100 000 255 000 124 000 182 000 378 185 Att Inc 1 968 3 275 3 051 1 951 - 556
Interest Rcvd 17 000 64 000 26 000 70 000 984 882 TotCompIncLoss 1 935 3 486 3 056 1 979 - 330
Operating Inc 101 000 - 681 000 1 437 000 - 869 000 - 305 442 Fixed Ass 2 297 2 069 1 685 1 707 1 788
77
36
91
Inv & Loans
53
40
Minority Int - - - - 102 000 - 77 140
Attrib Inc 101 000 - 681 000 1 437 000 - 815 000 - 266 102 Tot Curr Ass 10 489 9 417 7 971 7 216 8 425
TotCompIncLoss 110 000 - 681 000 1 399 000 - 754 000 - 466 893 Ord SH Int 8 713 7 654 6 106 6 191 6 008
Ord SH Int 1 263 000 1 153 000 1 834 000 182 000 829 000 LT Liab 3 521 3 237 2 628 2 195 2 698
Liabilities 2 630 000 2 675 000 2 506 000 4 150 000 3 951 000 Tot Curr Liab 5 389 5 242 4 757 4 135 5 575
Adv & Loans - - - 489 000 922 000 PER SHARE STATISTICS (cents per share)
ST Dep & Cash 17 000 11 000 8 000 23 000 144 000 HEPS-C (ZARc) 512.60 873.30 779.80 520.30 410.40
Total Assets 3 893 000 3 828 000 4 340 000 4 547 000 5 105 000 DPS (ZARc) 332.00 565.00 505.00 350.00 280.00
NAV PS (ZARc) 2 347.00 2 073.00 1 658.00 1 562.00 1 450.00
PER SHARE STATISTICS (cents per share)
HEPS-C (ZARc) 11.17 - 69.24 - 195.13 - 75.41 - 114.00 3 Yr Beta 1.14 1.22 1.52 1.41 1.16
Price High 8 441 6 990 6 809 6 007 7 297
NAV PS (ZARc) 128.22 117.06 186.00 19.00 87.00
3 Yr Beta 0.58 1.04 1.16 1.91 2.21 Price Low 5 400 4 586 4 739 2 889 2 229
Price Prd End 40 56 50 165 315 Price Prd End 7 435 5 660 4 886 5 616 3 428
Price High 97 150 260 425 1 135 RATIOS
Price Low 11 24 37 125 161 Ret on SH Fnd 45.31 42.96 50.23 31.59 - 11.25
RATIOS Oper Pft Mgn 17.34 16.44 18.71 12.94 - 7.08
Ret on SH Fund 15.99 - 59.06 78.35 - 251.98 - 19.83 D:E 0.64 0.70 0.70 0.44 0.80
RetOnTotalAss 5.19 - 17.79 33.11 - 20.85 - 3.99 Current Ratio 1.95 1.80 1.68 1.75 1.51
Interest Mgn - 0.04 - 0.05 - 0.02 - 0.03 0.08 Div Cover 1.60 1.57 1.57 1.37 - 0.48
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