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JSE – AHV Profile’s Stock Exchange Handbook: 2024 – Issue 3
AH-Vest Ltd. Alexander Forbes Group Holdings Ltd.
AHV ALE
ISIN: ZAE000129177 SHORT: AH-VEST CODE: AHL ISIN: ZAE000191516 SHORT: AFORBES CODE: AFH
REG NO: 1989/000100/06 FOUNDED: 1988 LISTED: 1998 REG NO: 2006/025226/06 FOUNDED: 1935 LISTED: 2014
NATURE OF BUSINESS: AH-Vest manufactures food sauces and NATURE OF BUSINESS: Alexforbes is a financial services group that
condiments for supply to retail chains (branded and private label products), impacts people’s lives by delivering insight and advice to individuals,
independent traders and the catering industry. Some of the well established employers and retirement funds.
brands are All Joy and Veri Peri, which enjoy strong brand recognition. SECTOR: Fins—FinServcs—InvBnkng&BrokerServcs—AssMgrs&Custodians
SECTOR: AltX NUMBER OF EMPLOYEES: 2 467
NUMBER OF EMPLOYEES: 296 DIRECTORS: Dippenaar M (ne), Dlamini K D (ind ne), Herbert G W (ne),
DIRECTORS: Appelgryn M S (ld ind ne), Darsot S, Darsot R, Speirs U (ind ne), Mazwai A (ind ne), Medupe N (ind ne), Molope C W N (ind ne),
Takolia H (Chair, ind ne), Darsot M (CEO), Sambaza C (FD) Nkadimeng M R (ne), Pavan D (ne), Roux R (Chair Designate, ind ne),
MAJOR ORDINARY SHAREHOLDERS as at 30 Jun 2023 Bydawell B (CFO), Dloti T (Interim Chair, ind ne), Head R M
Eastern Trading Company (Pty) Ltd. 72.36% (ind ne, UK), de Villiers D J (CEO)
Farm Food Holdings (Pty) Ltd. 23.33% MAJOR ORDINARY SHAREHOLDERS as at 05 Jan 2024
POSTAL ADDRESS: PO Box 100, Eikenhof, 1872 ARC Financial Services Investments (Pty) Ltd. 42.30%
MORE INFO: www.sharedata.co.za/sdo/jse/AHL New Veld LLC 33.66%
COMPANY SECRETARY: Light Consulting (Pty) Ltd. Public Investment Corporation 4.45%
TRANSFER SECRETARY: Computershare Investor Services (Pty) Ltd. POSTAL ADDRESS: PO Box 787240, Sandton, 2146
DESIGNATED ADVISOR: AcaciaCap Advisors Sponsors (Pty) Ltd. MORE INFO: www.sharedata.co.za/sdo/jse/AFH
AUDITORS: Nexia SAB&T Inc. COMPANY SECRETARY: C H Wessels
TRANSFER SECRETARY: Computershare Investor Services (Pty) Ltd.
CAPITAL STRUCTURE AUTHORISED ISSUED SPONSOR: Rand Merchant Bank (A division of FirstRand Bank Ltd.)
AHL Ords 1c ea 500 000 000 102 035 730 AUDITORS: PwC Inc.
DISTRIBUTIONS [ZARc] CAPITAL STRUCTURE AUTHORISED ISSUED
Ords 1c ea Ldt Pay Amt AFH Ords no par value 2 500 000 000 1 327 582 154
Final No 3 22 Nov 22 28 Nov 22 0.20
Final No 2 19 Oct 21 25 Oct 21 1.00 DISTRIBUTIONS [ZARc]
Ords no par value Ldt Pay Amt
LIQUIDITY: Jul24 Avg 802 shares p.w., R127.1(-% p.a.) Final No 19 16 Jul 24 22 Jul 24 30.00
FOOD 40 Week MA AH-VEST Special No 4 16 Jul 24 22 Jul 24 60.00
55 LIQUIDITY: Jul24 Avg 2m shares p.w., R15.9m(9.6% p.a.)
GENF 40 Week MA AFORBES
44
34
625
23
540
13
454
2
2019 | 2020 | 2021 | 2022 | 2023 |
369
FINANCIAL STATISTICS
(Amts in ZAR’000) Dec 23 Jun 23 Jun 22 Jun 21 Jun 20 2019 | 2020 | 2021 | 2022 | 2023 | 284
Interim Final Final Final Final
Turnover 115 455 211 321 206 190 180 203 196 492 FINANCIAL STATISTICS
Op Inc 5 259 4 202 4 389 15 902 14 862 (R million) Mar 24 Mar 23 Mar 22 Mar 21 Mar 20
NetIntPd(Rcvd) 1 621 3 278 2 757 3 060 4 417 Final Final Final Final(rst) Final
Att Inc 2 656 1 463 1 202 10 206 8 123 Net Revenue 5 059 4 487 4 198 3 895 3 153
Op Profit 687 687 657 607 - 526
TotCompIncLoss 2 556 1 463 2 062 10 206 8 123
Fixed Ass 45 247 46 972 42 570 41 247 43 958 NetIntPd(Rcvd) - 189 - 104 - 60 - 59 - 12
Minority Int
18
10
20
12
191
Tot Curr Ass 95 860 83 080 79 708 69 303 52 246
Ord SH Int 49 217 46 562 45 303 44 247 34 853 Att Inc 672 704 495 185 - 145
TotCompIncLoss
494
105
727
170
785
LT Liab 35 564 37 549 40 654 44 607 43 675
Tot Curr Liab 78 016 68 471 61 235 51 490 46 543 Fixed Ass 543 387 472 544 624
Inv & Loans 416 989 379 714 363 816 333 217 272 585
PER SHARE STATISTICS (cents per share) Tot Curr Ass 3 959 3 990 3 588 3 611 4 588
HEPS-C (ZARc) 2.59 1.35 2.02 9.99 7.96 Ord SH Int 4 542 4 455 4 073 3 991 4 806
DPS (ZARc) - - 0.20 1.00 0.80 Minority Int 48 24 33 37 297
NAV PS (ZARc) 48.24 45.63 44.40 43.39 34.18 LT Liab 417 485 380 032 363 932 333 348 272 798
3 Yr Beta - 0.81 - 1.84 - 2.43 - 2.31 - 2.03 Tot Curr Liab 1 586 1 754 2 434 2 634 2 024
Price High 16 50 60 55 35 PER SHARE STATISTICS (cents per share)
Price Low 16 13 11 9 9
52.90
Price Prd End 16 16 50 40 25 HEPS-C (ZARc) 110.00 45.50 37.20 31.20 32.20
80.00
42.00
32.00
22.00
DPS (ZARc)
RATIOS
Ret on SH Fnd 10.79 3.14 2.65 23.07 23.31 NAV PS (ZARc) 367.48 363.67 331.68 312.77 394.58
Oper Pft Mgn 4.56 1.99 2.13 8.82 7.56 3 Yr Beta - 0.88 - 0.22 0.40 0.46 0.19
488
490
874
647
Price High
583
D:E 0.84 0.83 0.91 1.03 1.27
Current Ratio 1.23 1.21 1.30 1.35 1.12 Price Low 462 388 315 300 280
410
428
Price Prd End
631
462
510
Div Cover - - 10.10 10.01 9.96
RATIOS
Ret on SH Fnd 15.08 15.94 12.35 5.04 0.90
Oper Pft Mgn 13.58 15.31 15.65 15.58 - 16.68
D:E 90.96 84.85 88.63 82.76 53.46
Current Ratio 2.50 2.27 1.47 1.37 2.27
Div Cover 0.50 1.36 1.23 0.65 - 0.15
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