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Profile’s Stock Exchange Handbook: 2024 – Issue 3 NSX – MOC
Mobile Telecommunications Ltd. Namibia Asset Management Ltd.
MOC NAM
ISIN: NA000A3CR803 SHORT: MTC LTD CODE: MOC ISIN: NA000AOJMZ44 SHORT: NAM CODE: NAM
REG NO: 94/458 FOUNDED: 1994 LISTED: 2021 REG NO: 97/397 FOUNDED: 1997 LISTED: 1998
NATURE OF BUSINESS: MTC is the largest mobile telecommunications NATURE OF BUSINESS: Namibia Asset Management (Pty) Ltd. was
operator in Namibia, with 2.6 million active subscribers. For over 26 years, founded in April 1996 as a wholly-owned subsidiary of Namibian Harvest
MTC has grown revenue and retained customers by providing voice and Investments Ltd. (NHI) to provide independent asset management
data services and solutions to post-paid and prepaid individual and services to institutional and retail investors. NHI was a broadly diversified
business customers through its extensive telecommunications financial services group that was successfully listed on the NSX in July
transmission and distribution network, serviced by 35 mobile homes, 29 1998. After ten years in existence, the NHI board of directors decided to
dealerships (airtime sellers and distributors), 24-hour customer contact refocus the business on asset management only. Thus all the non-core
centre, digital channels and a network management and technical quality businesses have been closed.
centre (For immediate response to customer complaints). SECTOR: Fins—FinServcs—InvBnkng&BrokerServcs—AssMgrs&Custodians
SECTOR: Telecoms—Telecoms—TelecomServiceProvider—TelecomServices NUMBER OF EMPLOYEES: 0
NUMBER OF EMPLOYEES: 848 DIRECTORS: Angula E (ind ne, Namb), Hornung S (ind ne), Kandongo
DIRECTORS: GawaxabTC(ind ne), MutekaTNZ(ld ind ne), E(ind ne), Rhoda A, Rossouw B (ind ne, Namb), Smith L (ne),
Schuckmann W (ind ne), ShipikiRDR(ne), Mberirua T (Chair, ind ne), WaltersSW(ind ne, Namb), Young G (ind ne), Shaanika T (CEO, Namb)
Erastus Dr L R (MD), Smit M J (FD) MAJOR ORDINARY SHAREHOLDERS as at 30 Sep 2023
MAJOR ORDINARY SHAREHOLDERS as at 30 Sep 2023 Coronation Investment Management (Pty) Ltd. 40.05%
NPTH 60.13% POSTAL ADDRESS: PO Box 23329, Windhoek, Namibia
Government Institutions Pension Fund 28.67% MORE INFO: www.sharedata.co.za/sdo/jse/NAM
POSTAL ADDRESS: PO Box 23051, Windhoek, Namibia COMPANY SECRETARY: Janita Breedt
MORE INFO: www.sharedata.co.za/sdo/jse/MOC TRANSFER SECRETARY: Transfer Secretaries (Pty) Ltd.
COMPANY SECRETARY: Ndahambelela Haikali SPONSOR: IJG Securities (Pty) Ltd.
TRANSFER SECRETARY: Transfer Secretaries (Pty) Ltd. AUDITORS: Ernst & Young
SPONSOR: IJG Securities (Pty) Ltd.
AUDITORS: Deloitte & Touche Inc. CAPITAL STRUCTURE AUTHORISED ISSUED
NAM Ords NAD1c ea 300 000 000 200 000 000
CAPITAL STRUCTURE AUTHORISED ISSUED
MOC Ords NAD3.3c ea 750 000 000 750 000 000 DISTRIBUTIONS [NADc]
Ords NAD1c ea Ldt Pay Amt
DISTRIBUTIONS [NADc] Final No 22 1 Dec 23 14 Dec 23 6.00
Ords NAD3.3c ea Ldt Pay Amt Final No 21 2 Dec 22 15 Dec 22 6.00
Interim No 6 13 Jun 24 5 Jul 24 33.82
Final No 5 12 Jan 24 2 Feb 24 38.80 LIQUIDITY: Jul24 Avg 40 245 shares p.w., R28 233.3(1.0% p.a.)
FINSA 40 Week MA NAM
LIQUIDITY: Jul24 Avg 138 160 shares p.w., R1.1m(1.0% p.a.)
72
FTEL 40 Week MA MTC LTD
1078 65
960 57
843 50
725 42
608 35
2019 | 2020 | 2021 | 2022 | 2023 | 2024
490
2022 | 2023 | 2024 FINANCIAL STATISTICS
(Amts in NAD’000) Mar 24 Sep 23 Sep 22 Sep 21 Sep 20
FINANCIAL STATISTICS Interim Final Final Final(rst) Final
(Amts in NAD’000) Mar 24 Sep 23 Sep 22 Sep 21 Sep 20 Turnover 32 257 78 469 90 269 90 946 99 722
Interim Final Final(rst) Final(rst) Final (P)
6 850
22 087
17 024
Turnover 1 572 432 3 049 953 2 905 316 2 802 356 2 685 416 Op Inc - 1 123 - 1 546 15 210 17 902 - 1 044
- 976
NetIntPd(Rcvd)
- 834
Op Inc 488 254 1 099 709 1 061 273 1 071 979 1 077 338
NetIntPd(Rcvd) - 34 078 - 48 888 - 62 842 - 18 583 - 40 968 Att Inc 5 297 12 935 10 779 13 729 15 227
10 779
15 393
TotCompIncLoss
5 297
13 729
12 935
Att Inc 362 320 655 602 641 482 743 335 772 399
870
TotCompIncLoss 362 320 794 175 793 039 743 335 772 399 Fixed Ass 6 000 1 508 2 743 - 3 407 - 1 170 -
6 000
Inv & Loans
Fixed Ass 1 616 849 1 633 734 1 544 037 1 423 973 1 260 002 Tot Curr Ass 38 438 44 759 62 421 71 875 74 914
Inv & Loans 1 222 1 525 1 137 961 5 665
Tot Curr Ass 1 451 526 1 297 820 1 228 352 1 048 365 1 140 846 Ord SH Int 26 134 - 32 318 - 29 708 31 683 31 420
1 915
5 388
LT Liab
1 020
Ord SH Int 2 745 006 2 673 625 2 542 825 2 269 431 2 126 149
LT Liab 702 749 663 331 559 817 534 341 479 136 Tot Curr Liab 19 960 21 571 41 945 49 359 50 240
Tot Curr Liab 711 918 626 105 624 611 625 611 657 490 PER SHARE STATISTICS (cents per share)
HEPS-C (ZARc) 3.36 8.22 6.27 8.82 9.79
PER SHARE STATISTICS (cents per share) DPS (ZARc) - 6.00 6.00 7.00 7.00
HEPS-C (ZARc) 48.31 105.92 105.81 99.11 - NAV PS (ZARc) 16.60 20.67 19.08 15.84 20.21
DPS (ZARc) 33.82 85.25 79.00 32.00 -
NAV PS (ZARc) 366.00 356.48 339.04 302.59 283.49 3 Yr Beta 0.04 0.04 - 0.04 - 0.02 - 0.04
66
70
70
65
Price High
72
Price High 850 750 891 - -
Price Low 715 701 700 - - Price Low 69 67 66 62 55
62
67
72
Price Prd End
66
69
Price Prd End 780 715 701 - - RATIOS
RATIOS
Ret on SH Fnd 26.40 24.52 25.23 32.75 36.33 Ret on SH Fnd 40.54 40.02 36.28 43.33 48.46
19.68
21.24
Oper Pft Mgn
21.70
22.15
16.85
Oper Pft Mgn 31.05 36.06 36.53 38.25 40.12
D:E 0.26 0.25 0.22 0.24 0.23 D:E 1.93 - 2.07 - 0.03 0.07 0.17
1.49
Current Ratio
1.49
1.46
Current Ratio 2.04 2.07 1.97 1.68 1.74 Div Cover - 1.38 1.15 1.26 1.40
Div Cover 1.43 1.24 1.08 3.10 -
25