Page 109 - Profile's Stock Exchange Handbook - 2025 Issue 1

Profile’s Stock Exchange Handbook: 2025 – Issue 1 JSE – DIP
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), Petersen I S Masondo H (ind ne), Mthimunye J (ind ne), Saltzman I L, Saltzman S E,
(CEO), Moodley S (FD) SithebeAK(ind ne), Nestadt L M (Chair, ind ne), Morais R M (CEO),
MAJOR ORDINARY SHAREHOLDERS as at 30 Dec 2024 Pope J (CFO)
Fairvest Ltd. 26.29% 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 1 000 000 000 910 452 117 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: Jan25 Avg 12m shares p.w., R55.6m(66.6% p.a.)
LIQUIDITY: Jan25 Avg 5m shares p.w., R164.8m(29.9% p.a.)
REIV 40 Week MA DIPULA B
FOOR 40 Week MA DIS-CHEM
534
4108
445
3622
357
3135
268
2649
180
2163
91
2020 | 2021 | 2022 | 2023 | 2024 |
1677
2020 | 2021 | 2022 | 2023 | 2024 |
FINANCIAL STATISTICS
(Amts in ZAR’000) Aug 24 Aug 23 Aug 22 Aug 21 Aug 20 FINANCIAL STATISTICS
Final Final(rst) Final(rst) Final(rst) Final (R million) Aug 24 Feb 24 Feb 23 Feb 22 Feb 21
NetRent/InvInc 871 676 840 178 833 182 823 613 816 881 Interim Final Final Final Final
Total Inc 891 031 855 727 848 455 838 062 848 189 Turnover 19 563 36 283 32 664 30 407 26 278
Attrib Inc 774 302 588 031 1 080 512 429 454 119 071 Op Inc 1 032 1 779 1 744 1 539 1 266
TotCompIncLoss 780 258 678 452 1 077 857 483 197 143 162 NetIntPd(Rcvd) 239 440 350 313 328
Ord UntHs Int 6 354 346 6 050 615 5 926 588 5 450 805 5 295 022 Minority Int 20 36 27 37 19
FixedAss/Prop 10 141 049 9 736 071 9 586 516 9 111 679 9 094 502 Att Inc 578 984 1 000 853 669
Tot Curr Ass 369 828 282 337 275 052 298 287 227 048 TotCompIncLoss 597 1 021 1 027 890 687
Total Ass 10 579 241 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 191 442 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)
HEPS-C (ZARc) 49.32 55.78 74.60 49.84 51.28 Minority Int 4 3 32 62 43
DPS (ZARc) 48.96 51.26 73.19 118.95 - LT Liab 3 736 3 843 3 233 3 175 3 447
NAV PS (ZARc) 698.00 663.50 663.20 1 069.57 1 000.00 Tot Curr Liab 9 612 9 183 8 350 7 514 6 789
3 Yr Beta - - - 0.51 0.12 PER SHARE STATISTICS (cents per share)
Price Prd End 450 408 395 410 559 HEPS-C (ZARc) 67.70 114.60 116.50 99.20 77.80
Price High 456 450 489 450 1 100 DPS (ZARc) 26.98 45.73 46.57 39.69 31.10
Price Low 325 241 348 78 489 NAV PS (ZARc) 564.56 520.29 457.22 393.63 343.18
RATIOS 3 Yr Beta 0.84 0.77 - 0.19 - 0.08 - 0.02
RetOnSH Funds 11.95 10.86 17.73 8.54 2.58 Price High 3 750 3 120 3 915 3 900 2 757
RetOnTotAss 8.42 8.47 8.51 8.80 8.88 Price Low 2 973 2 154 2 650 2 165 1 650
Debt:Equity 0.59 0.59 0.60 0.64 0.68 Price Prd End 3 500 3 054 2 705 3 462 2 240
OperRetOnInv 8.60 8.63 8.69 9.04 8.98 RATIOS
OpInc:Turnover 58.60 60.23 61.63 62.68 63.25 Ret on SH Fnd 24.61 22.80 26.13 26.29 23.30
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
107