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JSE – WEB Profile’s Stock Exchange Handbook: 2024 – Issue 3
We Buy Cars Holdings Ltd.
WEB
ISIN: ZAE000332789 SHORT: WEBUYCARS CODE: WBC
REG NO: 2020/632225/06 FOUNDED: 2020 LISTED: 2024
NATURE OF BUSINESS: In the early 2000s, brothers Faan and Dirk van
der Walt observed that for individual consumers, selling an older vehicle in
the South African market was a lengthy and difficult process. They
established the WeBuyCars brandin 2001 to provide vehicle ownerswith a
quick, easy and trusted solution to sell their vehicles. The Company
recognised a gap in the market to facilitate efficient vehicle sales which it
was able to achieve through formalising the preowned motor vehicle
market. The ability of customers to efficiently sell or buy a vehicle or to sell
their vehicle to a reputable, trusted company, quickly grew the customer
base of WeBuyCars.
SECTOR: ConsDisr—Retail—Retailers—SpecialityRetaillers
NUMBER OF EMPLOYEES: 0
DIRECTORS: AmoilsKB(ne), KrugerNAS(ld ind ne), Mathews B (ne),
Mendelowitz M (ne), RoosWT(ne), Totaram S (ne), van der Walt D J,
Holtzhausen J A (Chair, ne), van der Walt A S (CEO), Rein C J (CFO)
MAJOR ORDINARY SHAREHOLDERS as at 22 May 2024
Coronation Asset Management 29.75%
I VDW Holdings 25.10%
Public Investment Corporation (SOC) Ltd. 8.71%
MORE INFO: www.sharedata.co.za/sdo/jse/WBC
COMPANY SECRETARY: PJC Vorster
TRANSFER SECRETARY: Computershare Investor Services (Pty) Ltd.
SPONSORS: Pallidus Capital (Pty) Ltd., PSG Capital (Pty) Ltd.
AUDITORS: Deloitte, PwC Inc.
CAPITAL STRUCTURE AUTHORISED ISSUED
WBC Ords no par val 10 000 000 000 417 181 120
LIQUIDITY: Jul24 Avg 5m shares p.w., R107.5m(58.6% p.a.)
FINANCIAL STATISTICS
(Amts in ZAR’000) Mar 24
Interim
Turnover 11 402 962
Op Inc 138 289
NetIntPd(Rcvd) 74 966
Minority Int - 5
AttInc -69497
TotCompIncLoss - 69 285
Fixed Ass 1 112 046
Tot Curr Ass 3 342 643
Ord SH Int 1 137 068
LT Liab 1 119 073
Tot Curr Liab 2 455 805
PER SHARE STATISTICS (cents per share)
HEPS-C (ZARc) - 20.70
NAV PS (ZARc) 301.46
RATIOS
Ret on SH Fnd - 12.22
Oper Pft Mgn 1.21
D:E 0.38
Current Ratio 1.36

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