Page 82 - Profile's Stock Exchange Handbook -2024 Issue 4

JSE – ARE Profile’s Stock Exchange Handbook: 2024 – Issue 4
aReit Prop Ltd. Argent Industrial Ltd.
ARE ARG
SUSPENDED COMPANY ISIN: ZAE000019188 SHORT: ARGENT CODE: ART
ISIN: ZAE000306585 SHORT: AREIT CODE: APO REG NO: 1993/002054/06 FOUNDED: 1994 LISTED: 1994
REG NO: 2021/837953/06 FOUNDED: 2021 LISTED: 2022 NATURE OF BUSINESS: Argent Industrial Ltd. is largely a steel-based
NATUREOFBUSINESS:aReitPropholdsaslightlydiversifiedportfoliooftwo beneficiation group with a very diverse portfolio of businesses that include
hospitality properties (Cresta Grande Hotel and Fountains Hotel) and one international brands.
medical property (Lady Hamilton) at the Last Practicable Date. Rental income SECTOR:Inds—IndsGoods&Services—IndsSupptServ—IndustrialSupplies
is also derived from lease of a billboard on top of the Cresta Grande Hotel. NUMBER OF EMPLOYEES: 3 416
The acquisition of the leasehold properties is with effect from 31 December DIRECTORS: Angus C (ind ne), ChristofidesPA(ind ne), Litschka A F,
2021, which acquisition provides the cession of the existing lease agreements Mapasa K (ind ne), Scharrighuisen T (Chair, ne, Neth),
with effect from 1 January 2022 with four tenants, namely Cresta Hotels, Hendry T R (CEO, UK), Meyer H (FD)
Afrirent, Suncare and Supasite. MAJOR ORDINARY SHAREHOLDERS as at 31 Mar 2024
SECTOR: RealEstate—RealEstate—REITS—Diversified Saxo Bank 21.46%
NUMBER OF EMPLOYEES: 0 Clearstream Banking SA Luxembourg 9.40%
DIRECTORS: Chase S (ind ne), KrugerJA(ld ind ne), Nel T (ld ind ne), Citiclient Nominees No 8 7.79%
Osse J (Chair, ne, Neth), Jaspers M (CEO, Neth), Ismail A (FD) POSTAL ADDRESS: PO Box 5108, La Lucia, Ridge Office Estate, 4019
MAJOR ORDINARY SHAREHOLDERS as at 01 Sep 2023 MORE INFO: www.sharedata.co.za/sdo/jse/ART
New Line Investments 101 (Pty) Ltd. 88.71% COMPANY SECRETARY: Jaco Dauth
POSTAL ADDRESS: PO Box 325, Goodwood, 7459 TRANSFER SECRETARY: JSE Investor Services (Pty) Ltd.
MORE INFO: www.sharedata.co.za/sdo/jse/APO SPONSOR: PSG Capital (Pty) Ltd.
COMPANY SECRETARY: Light Consulting (Pty) Ltd. AUDITORS: RSM South Africa
TRANSFER SECRETARY: Computershare Investor Services (Pty) Ltd. CAPITAL STRUCTURE AUTHORISED ISSUED
SPONSOR: AcaciaCap Advisors (Pty) Ltd. ART Ords no par value 200 000 000 54 430 980
AUDITORS: PFK (Pretoria) Inc.
DISTRIBUTIONS [ZARc]
CAPITAL STRUCTURE AUTHORISED ISSUED Ords no par value Ldt Pay Amt
APO Ords no par val 100 000 000 100 000 000 Final No 48 16 Jul 24 22 Jul 24 60.00
DISTRIBUTIONS [ZARc] Interim No 47 11 Dec 23 18 Dec 23 55.00
Ords no par val Ldt Pay Amt LIQUIDITY: Oct24 Avg 423 732 shares p.w., R7.8m(40.5% p.a.)
Final No 6 13 Aug 24 19 Aug 24 10.99
Final No 5 23 Apr 24 29 Apr 24 33.00 SUPS 40 Week MA ARGENT
LIQUIDITY: Oct24 Avg 190 shares p.w., R510.7(-% p.a.)
REIV 40 Week MA AREIT 2211
945
1726
806
1241
667
757
528
272
2019 | 2020 | 2021 | 2022 | 2023 | 2024
389
FINANCIAL STATISTICS
250 (Amts in ZAR’000) Mar 24 Mar 23 Mar 22 Mar 21 Mar 20
2022 | 2023 | 2024
Final Final Final Final Final
FINANCIAL STATISTICS Turnover 2 544 216 2 459 359 2 432 702 1 965 960 1 727 721
(Amts in ZAR’000) Jun 23 Dec 22 Op Inc 342 729 304 358 264 259 189 534 133 383
Interim Final NetIntPd(Rcvd) 303 11 597 11 650 13 700 14 721
NetRent/InvInc 31 517 63 602 Minority Int 7 381 5 744 1 868 1 693 1 693
Total Inc 31 517 63 974 Att Inc 244 924 230 521 190 208 130 362 96 221
Attrib Inc 19 888 39 598 TotCompIncLoss 291 446 298 434 183 017 109 740 117 368
TotCompIncLoss 19 888 39 578 Fixed Ass 484 127 481 362 456 745 452 494 466 120
Ord UntHs Int 933 806 923 521 Tot Curr Ass 1 669 964 1 355 022 1 191 456 943 537 837 568
FixedAss/Prop 913 918 913 918
Tot Curr Ass 20 716 10 036 Ord SH Int 1 695 724 1 492 955 1 262 210 1 116 039 1 027 305
Total Ass 934 634 923 954 Minority Int 26 185 20 038 15 187 17 369 20 176
Tot Curr Liab 828 433 LT Liab 139 071 156 351 181 097 197 213 292 681
Tot Curr Liab 653 690 490 245 521 185 355 379 237 394
PER SHARE STATISTICS (cents per share)
HEPLU-C (ZARc) 32.60 63.97 PER SHARE STATISTICS (cents per share)
DPLU (ZARc) - 39.59 HEPS-C (ZARc) 438.50 411.30 339.20 217.90 133.40
NAV (ZARc) 933.80 923.52 DPS (ZARc) 115.00 95.00 42.00 - -
Price Prd End 380 600 NAV PS (ZARc) 3 115.40 2 683.60 2 238.30 1 910.20 1 674.00
Price High 600 800 3 Yr Beta 0.24 0.34 0.41 0.25 - 0.29
Price Low 349 400 Price High 1 940 1 550 1 599 999 620
RATIOS Price Low 1 380 1 101 880 390 401
RetOnSH Funds 4.26 4.29 Price Prd End 1 858 1 470 1 348 910 495
RetOnTotAss 6.74 6.92 RATIOS
OperRetOnInv 6.90 6.96 Ret on SH Fnd 14.65 15.62 15.04 11.65 9.35
OpInc:Turnover 96.67 97.17
Oper Pft Mgn 13.47 12.38 10.86 9.64 7.72
D:E 0.09 0.12 0.18 0.20 0.29
Current Ratio 2.55 2.76 2.29 2.66 3.53
Div Cover 3.84 4.35 7.86 - -
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