Page 108 - Profile's Stock Exchange Handbook -2024 Issue 4

JSE – DIP Profile’s Stock Exchange Handbook: 2024 – Issue 4
Dipula Income Fund Ltd. Dis-Chem Pharmacies Ltd.
DIP DIS
ISIN: ZAE000203394 SHORT: DIPULA B CODE: DIB ISIN: ZAE000227831 SHORT: DIS-CHEM CODE: DCP
REG NO: 2005/013963/06 FOUNDED: 2005 LISTED: 2011 REG NO: 2005/009766/06 FOUNDED: 1978 LISTED: 2016
NATURE OF BUSINESS: Dipula is an internally managed, South Africa NATURE OF BUSINESS: Dis-Chem is a leading retail pharmacy group in
focused REIT that owns a portfolio of retail, office, industrial and South Africa with its head office based in Midrand, Gauteng. The Group
residential rental assets throughout South Africa, with the majority of its was co-founded in 1978 by pharmacists husband and wife Ivan and Lynette
assets located in Gauteng. Saltzman and follows a “Pharmacy First” approach.
SECTOR: RealEstate—RealEstate—REITS—Diversified SECTOR:CnsStp—PcDrugs&Groceries—PcDrugs&Groceries—DrugRetailers
NUMBER OF EMPLOYEES: 81 NUMBER OF EMPLOYEES: 18 710
DIRECTORS: AzizollahoffBH(ind ne, UK), HallidaySA(ind ne), DIRECTORS: Coovadia Dr A (ind ne), Goetsch S, Kobue K (ind ne),
LinksE((ind ne), Waja Y (ind ne), Matlala Z (Chair, ind ne), Masondo H (ind ne), Mthimunye J (ind ne), Saltzman I L, Saltzman S E,
Petersen I S (CEO), Moodley S (FD) SithebeAK(ind ne), Nestadt L M (Chair, ind ne), Morais R M (CEO),
MAJOR ORDINARY SHAREHOLDERS as at 22 Nov 2023 Pope J (CFO)
Coronation Fund Managers 25.76% MAJOR ORDINARY SHAREHOLDERS as at 29 Feb 2024
Camissa Asset Management (Pty) Ltd. 10.31% Ivlyn Local Investment Holdings (Pty) Ltd. 29.31%
Old Mutual 5.69% Coronation Asset Management (Pty) Ltd. 15.01%
POSTAL ADDRESS: Private Bag X3, Rosebank, 2132 Government Employees Pension Fund 10.55%
MORE INFO: www.sharedata.co.za/sdo/jse/DIB POSTAL ADDRESS: Private Bag X21, Northriding, 2162
COMPANY SECRETARY: Acorim (Pty) Ltd. MORE INFO: www.sharedata.co.za/sdo/jse/DCP
TRANSFER SECRETARY: JSE Investor Services (Pty) Ltd. COMPANY SECRETARY: Nikki Lumley
SPONSOR: Java Capital (Pty) Ltd. TRANSFER SECRETARY: Computershare Investor Services (Pty) Ltd.
AUDITORS: Mazars (Gauteng) Inc. SPONSOR: Standard Bank of South Africa Ltd.
AUDITORS: Mazars Inc.
CAPITAL STRUCTURE AUTHORISED ISSUED
DIB B - Ord shares 1 000 000 000 912 001 700 CAPITAL STRUCTURE AUTHORISED ISSUED
DCP Ords no par val 1 500 000 000 860 084 483
DISTRIBUTIONS [ZARc]
A- Ord shares Ldt Pay Amt DISTRIBUTIONS [ZARc]
Interim No 20 31 May 22 6 Jun 22 61.97 Ords no par val Ldt Pay Amt
Final No 19 7 Dec 21 13 Dec 21 59.93 Interim No 14 19 Nov 24 25 Nov 24 26.98
Final No 13 18 Jun 24 24 Jun 24 22.49
LIQUIDITY: Oct24 Avg 5m shares p.w., R20.0m(27.6% p.a.)
LIQUIDITY: Oct24 Avg 5m shares p.w., R157.3m(30.0% p.a.)
REIV 40 Week MA DIPULA B
FOOR 40 Week MA DIS-CHEM
875
4306
718
3780
561
3254
404
2728
248
2203
91
2019 | 2020 | 2021 | 2022 | 2023 | 2024 1677
2019 | 2020 | 2021 | 2022 | 2023 | 2024
FINANCIAL STATISTICS
(Amts in Feb 24 Aug 23 Aug 22 Aug 21 Aug 20 FINANCIAL STATISTICS
ZAR’000) Interim Final Final(rst) Final(rst) Final (R million) Aug 24 Feb 24 Feb 23 Feb 22 Feb 21
NetRent/InvInc 452 276 840 178 833 182 823 613 816 881 Interim Final Final Final Final
Turnover 19 563 36 283 32 664 30 407 26 278
Total Inc 460 258 855 727 848 455 838 062 848 189
Attrib Inc 211 558 588 031 1 080 512 429 454 119 071 Op Inc 1 032 1 779 1 744 1 539 1 266
TotCompIncLoss 225 197 678 452 1 077 857 483 197 143 162 NetIntPd(Rcvd) 239 440 350 313 328
Ord UntHs Int 6 018 717 6 050 615 5 926 588 5 450 805 5 295 022 Minority Int 20 36 27 37 19
FixedAss/Prop 9 788 235 9 736 071 9 586 516 9 111 679 9 094 502 Att Inc 578 984 1 000 853 669
Tot Curr Ass 389 530 282 337 275 052 298 287 227 048 TotCompIncLoss 597 1 021 1 027 890 687
Total Ass 10 230 098 10 108 280 9 973 558 9 526 791 9 584 462 Fixed Ass 4 807 4 800 4 429 3 689 3 716
Tot Curr Liab 207 769 1 612 692 1 426 849 1 361 829 1 131 424 Tot Curr Ass 11 425 10 923 9 448 8 854 8 420
Ord SH Int 4 851 4 472 3 900 3 324 2 909
PER SHARE STATISTICS (cents per share) Minority Int 4 3 32 62 43
HEPS-C (ZARc) 29.12 54.82 74.60 49.84 51.28 LT Liab 3 736 3 843 3 233 3 175 3 447
DPS (ZARc) 24.58 51.26 73.19 118.95 - Tot Curr Liab 9 612 9 183 8 350 7 514 6 789
NAV PS (ZARc) 660.00 663.50 663.20 1 069.57 1 000.00
3 Yr Beta - - - 0.51 0.12 PER SHARE STATISTICS (cents per share)
Price Prd End 430 408 395 410 559 HEPS-C (ZARc) 67.70 114.60 116.50 99.20 77.80
26.98
DPS (ZARc)
45.73
31.10
39.69
46.57
Price High 450 450 489 450 1 100 NAV PS (ZARc) 564.56 520.29 457.22 393.63 343.18
Price Low 325 241 348 78 489 3 Yr Beta 0.84 0.77 - 0.19 - 0.08 - 0.02
RATIOS Price High 3 750 3 120 3 915 3 900 2 757
RetOnSH Funds 7.24 10.86 17.73 8.54 2.58 Price Low 2 973 2 154 2 650 2 165 1 650
RetOnTotAss 9.00 8.47 8.51 8.80 8.88 Price Prd End 3 500 3 054 2 705 3 462 2 240
Debt:Equity 0.61 0.59 0.60 0.64 0.68 RATIOS
OperRetOnInv 9.24 8.63 8.69 9.04 8.98 Ret on SH Fnd 24.61 22.79 26.13 26.29 23.30
OpInc:Turnover 59.91 60.23 61.63 62.68 63.25 Oper Pft Mgn 5.27 4.90 5.34 5.06 4.82
D:E 0.99 1.16 1.14 1.18 1.36
Current Ratio 1.19 1.19 1.13 1.18 1.24
Div Cover 2.50 2.51 2.50 2.50 2.50
Fund Research Fund Research
Comparison & Analysis Comparison & Analysis
Portfolio Modelling Portfolio Modelling
Presentations & Reports www.profile.co.za/analytics.htm Presentations & Reports www.profile.co.za/analytics.htm
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