Page 183 - Profile's Stock Exchange Handbook -2024 Issue 4
P. 183

Profile’s Stock Exchange Handbook: 2024 – Issue 4                       JSE – SAB
          Sable Exploration and Mining Ltd.                 Sabvest Capital Ltd.
        SAB                                        SAB
       ISIN: ZAE000303319  SHORT: SEAM  CODE: SXM  ISIN: ZAE000283511  SHORT: SABCAP  CODE: SBP
       REG NO: 2001/006539/06  FOUNDED: 2001  LISTED: 2005  REG NO: 2020/030059/06  FOUNDED: 2020  LISTED: 2020
       NATURE OF BUSINESS: SEAM operates in the minerals industry and is  NATURE OF BUSINESS: Sabvest Capital Ltd. (Sabcap) is an investment
        seeking to acquire projects at various stages of development. SEAM was  group first listed on the JSE in 1988 as Sabvest Ltd. and as Sabcap from
        originally listed as Sable Metals and Minerals Ltd., as the Company was in  2020. The Seabrooke Family Trust (SFT) has voting control of Sabcap
        the business of acquiring prospecting rights for platinum group metals.  through an unlisted Z share and has an economic interest of 40.8%
        Drilling was done on various project areas, but it was found that either the  through its holding in the listed ordinary shares. At the year-end Sabcap
        platinum bearing reefs were too deep, or too low in grade, to be  had39220 000 sharesinissuenetoftreasuryshares(2022: 39400 000).
        economically viable.                      SECTOR: Fins—FinServcs—InvBnkng&BrokerServcs—AssMgrs&Custodians
       SECTOR:BasicMaterials—BasicResrcs—IndMet&Min—GeneralMining  NUMBER OF EMPLOYEES: 0
       NUMBER OF EMPLOYEES: 0                     DIRECTORS: De Matteis K, Ighodaro O (ld ind ne), Mthimunye L E (ind ne),
       DIRECTORS: Bango-Moyo H (ld ind ne), Madikizela MsNN(ind ne),  Rood L, Pillay K (Chair, ind ne), Shongwe B J T (Dep Chair, ld ind ne),
        Bird I (Chair, ind ne), Allan J G (CEO), Bester U (FD)  Seabrooke C S (CEO)
       MAJOR ORDINARY SHAREHOLDERS as at 29 Feb 2024  MAJOR ORDINARY SHAREHOLDERS as at 31 Dec 2023
         PBNJ Trading and Consulting (Pty) Ltd.  85.90%  SFT                         40.80%
         James Allan                       9.42%    Eric Ellerine Trust and Ellerine Group Investments  8.80%
       POSTAL ADDRESS: PO Box 411130, Craighall, 2024  InsingerGilissen Bankiers NV   7.30%
       MORE INFO: www.sharedata.co.za/sdo/jse/SXM  POSTAL ADDRESS: PO Box 78677, Sandton, 2146
       COMPANY SECRETARY: Claire Middlemiss       MORE INFO: www.sharedata.co.za/sdo/jse/SBP
       TRANSFER SECRETARY: CTSE Registry Services (Pty) Ltd.  COMPANY SECRETARY: Levitt Kirson Business Services (Pty) Ltd.
       SPONSOR: Exchange Sponsors 2008 (Pty) Ltd.  TRANSFER SECRETARY: Computershare Investor Services (Pty) Ltd.
       AUDITORS: CM and Associates Inc.           SPONSOR:RandMerchantBank(AdivisionofFirstRandBankLtd.(SA))
                                                  AUDITORS: PwC Inc.
       CAPITAL STRUCTURE   AUTHORISED     ISSUED
       SXM  Ords no par value  1 500 000 000  56 564 742  CAPITAL STRUCTURE  AUTHORISED  ISSUED
                                                  SBP  Ords no par value  500 000 000  39 220 000
       DISTRIBUTIONS [ZARc]
       Ords no par value     Ldt    Pay     Amt   DISTRIBUTIONS [ZARc]
       Share Premium No 2  15 Sep 06  26 Sep 06  12000.00  Ords no par value  Ldt  Pay  Amt
       Share Premium No 1  21 Oct 05  31 Oct 05  10500.00  Interim No 9  10 Sep 24  16 Sep 24  35.00
                                                  Final No 8        16 Apr 24  22 Apr 24  60.00
       LIQUIDITY: Oct24 Avg 14 291 shares p.w., R13 526.8(1.3% p.a.)
                                                  LIQUIDITY: Oct24 Avg 50 418 shares p.w., R3.5m(6.7% p.a.)
               INDM       40 Week MA   SEAM
                                                          EQII       40 Week MA   SABCAP
                                                                                       9400
                                           2346
                                                                                       8052
                                           1761
                                                                                       6704
                                           1175
                                                                                       5356
                                           590
                                                                                       4008
                                           4
          2019  |  2020  |  2021  |  2022  |  2023  |  2024                            2660
                                                   2020  |   2021  |  2022  |  2023  |
       NOTES: Middle East Diamond Resources Ltd. was renamed to Sable
        Exploration and Mining Ltd. on 10 November 2021.  NOTES: The company was listed following the restructure of Sabvest Ltd.’s
                                                   dual share capital structure. Historical SENS and financials were copied over
       FINANCIAL STATISTICS                        asthestructureofthecompanyremainedthesamepostrestructure.Notethat
       (Amts in ZAR’000)  Feb 24  Feb 23  Feb 22  Feb 21  Feb 20  price history commences at the date of Sabcap’s listing and has not been
                     Final Final(rst)  Final  Final  Final  linked to the delisted ordinary shares which had different voting rights.
       Turnover        -     -    -    48     -   FINANCIAL STATISTICS
       Op Inc       - 9 633  - 6 350  - 6 114  - 3 250  - 2 473
       NetIntPd(Rcvd)  1 560  1 129  54  53  129  (Amts in ZAR’000)  Jun 24  Dec 23  Dec 22  Dec 21  Dec 20
       Minority Int    -    - 1   -     -     -               Interim  Final Final(rst)  Final  Final
       Att Inc     - 11 193  - 7 478  - 6 168  - 3 316  - 2 602  NetRent/InvInc  - 4 881  - 9 330  - 8 377  594 210  353 823
       TotCompIncLoss  - 11 193  - 7 479  - 6 168  - 3 316  - 2 602  Total Inc  35 120  100 673  101 624  865 601  479 883
       Fixed Ass    12 187   -    -     -     -   Attrib Inc  319 791  - 4 335  679 581  679 171  293 184
       Tot Curr Ass  8 354  5 388  399  2 063  1 707  TotCompIncLoss  319 791  - 4 335  679 553  735 234  338 024
       Ord SH Int    5 556  - 35 464  - 26 020  - 19 852  - 16 535  Ord UntHs Int  4 533 954 4 289 256 4 340 869 3 704 327 3 048 991
       Minority Int   - 1   - 1   - 1  - 13  - 13  Investments  4 535 635 4 291 726 4 342 979 4 016 189 3 357 419
       LT Liab         -     -  22 942  19 157  14 865  FixedAss/Prop  -  -   -  2 515  2 990
       Tot Curr Liab  14 986  40 853  3 478  2 771  3 640  Tot Curr Ass  445  444  407  243 161  281 136
       PER SHARE STATISTICS (cents per share)     Total Ass  4 536 080 4 292 170 4 343 386 4 265 169 3 645 755
       HEPS-C (ZARc)  - 51.45  - 171.88  - 141.76  - 76.21  - 60.00  Tot Curr Liab  2 126  2 914  2 517  61 540  87 458
       NAV PS (ZARc)  9.82  - 815.05  - 598.10  - 456.60  - 380.00  PER SHARE STATISTICS (cents per share)
       3 Yr Beta     - 2.76  - 0.02  - 0.09  -  -  HEPLU-C (ZARc)  826.10  - 11.00 1 721.70 1 689.70  708.50
       Price High     200  500  1 500  1 100  1 100  DPLU (ZARc)  35.00  90.00  90.00  75.00  25.00
       Price Low       4     4   100  1 100  1 100  NAV (ZARc)  11 786.00 10 936.00 11 017.00 9 371.00 7 444.00
       Price Prd End  100   99   500  1 100  1 100
       RATIOS                                     3 Yr Beta     0.07  0.02    -    -     -
       Ret on SH Fnd  - 201.49  21.09  23.70  16.69  15.72  Price Prd End  6 900  7 700  8 360  6 100  2 975
       Oper Pft Mgn    -     -    - - 6 770.83  -  Price High   7 700  9 779  8 500  6 100  3 800
       D:E           0.50  - 0.21  - 0.88  - 0.96  - 0.90  Price Low  6 450  6 011  5 700  2 700  2 400
       Current Ratio  0.56  0.13  0.11  0.74  0.47  RATIOS
                                                  RetOnSH Funds  14.11  - 0.10  15.66  18.33  9.62
                                                  RetOnTotAss   1.55  2.35  2.34  20.29  13.16
                                                  Debt:Equity     -     -     -  0.08  0.12
                                                  OperRetOnInv  1.55  2.35  2.34  21.08  13.72
                                                  OpInc:Turnover  -     -     -  99.81  96.51
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