Page 205 - Profile's Stock Exchange Handbook - 2025 Issue 1

Profile’s Stock Exchange Handbook: 2025 – Issue 1 JSE – TEX
Texton Property Fund Ltd. Tharisa plc
TEX THA
ISIN: ZAE000190542 SHORT: TEX CODE: TEX ISIN: CY0103562118 SHORT: THARISA CODE: THA
REG NO: 2005/019302/06 FOUNDED: 2011 LISTED: 2011 REG NO: HE223412 FOUNDED: 2006 LISTED: 2014
NATURE OF BUSINESS: Texton is a JSE-listed Real Estate Investment Trust NATURE OF BUSINESS: The principal activity of the Company is that of an
(“REIT”) that offers shareholders direct access to its high-quality property investment holding company with controlling interests in platinum group
portfolio. Texton’s portfolio is valued at R2.1 billion as at 30 June 2024 (2023: metals (‘PGM’) and chrome mining & processing and associated sales and
R2.2billion)andaimstodeliverlong-termincomeandcapitalgrowth.Texton logistics operations. The principal activity remains unchanged from the
is focused on investing in high-quality properties in centralised nodes in both previous year. Its major investment is its wholly-owned subsidiary, Tharisa
SA and the UK across office, industrial and retail properties. Minerals (Pty) Ltd. (‘Tharisa Minerals’). Tharisa Minerals owns and operates
SECTOR: RealEstate—RealEstate—REITS—Office the Tharisa Mine, an open pit PGM and chrome mine located in the Bushveld
NUMBER OF EMPLOYEES: 19 ComplexofSouthAfrica.Inaddition,theCompanyhasa75%shareholdingin
DIRECTORS: FrancoRA(ne), HanningtonAJ(snr ind ne), van der Vent Karo Mining Holdings plc which has an indirect 85% interest in a
WC(ind ne), GoldingMJA (Chair, ne), Rens J (CEO), Welleman H development stage PGM asset, located on the Great Dyke in Zimbabwe.
S P (CFO), Macey J (ld ind ne) SECTOR:BasicMaterials—BasicResrcs—IndMet&Min—GeneralMining
MAJOR ORDINARY SHAREHOLDERS as at 30 Jun 2024 NUMBER OF EMPLOYEES: 3 779
Oak Tech Trading (Pty) Ltd. 29.45% DIRECTORS: Bell C (ld ind ne), Chen H (ne), Davey R (ind ne, UK),
Thibault REIT Ltd. 19.42% KamalOM(ind ne), LoSWM(ne, China), Salter DrJD(ld ind ne, UK),
Kloof Capital South Africa (Pty) Ltd. 14.30% Zvaravanhu G (ind ne), Pouroulis L C (Chair), Pouroulis P (CEO),
POSTAL ADDRESS: PO Box 653129, Benmore, 2010 Jones M G (CFO)
MORE INFO: www.sharedata.co.za/sdo/jse/TEX MAJOR ORDINARY SHAREHOLDERS as at 30 Sep 2024
COMPANY SECRETARY: CorpStat Governance Services (Pty) Ltd. Medway Developments Ltd. 40.75%
TRANSFER SECRETARY: Computershare Investor Services (Pty) Ltd. Rance Holdings Ltd. 12.73%
SPONSOR: Investec Bank Ltd. POSTAL ADDRESS: PO Box 62425, Paphos, Cyprus, 8064
AUDITORS: BDO South Africa Inc. MORE INFO: www.sharedata.co.za/sdo/jse/THA
COMPANY SECRETARY: Lysandros Lysandrides, Sanet Findlay
CAPITAL STRUCTURE AUTHORISED ISSUED TRANSFER SECRETARY: Computershare Investor Services (Pty) Ltd.
TEX Ords of no par 2 000 000 000 330 059 664 SPONSOR: Investec Bank Ltd.
DISTRIBUTIONS [ZARc] AUDITORS: BDO Cyprus
Ords of no par Ldt Pay Amt CAPITAL STRUCTURE AUTHORISED ISSUED
Final No 21 8 Oct 24 14 Oct 24 20.13 THA Ords USD0.001 10 000 000 000 302 596 743
Final No 20 17 Oct 23 23 Oct 23 19.26
DISTRIBUTIONS [USDc]
LIQUIDITY: Jan25 Avg 256 178 shares p.w., R939 607.9(4.0% p.a.)
Ords USD0.001 Ldt Pay Amt
REIV 40 Week MA TEX Final No 15 25 Feb 25 21 Mar 25 3.00
Interim No 14 11 Jun 24 26 Jun 24 1.50
400
LIQUIDITY: Jan25 Avg 220 318 shares p.w., R3.7m(3.8% p.a.)
336
INDM 40 Week MA THARISA
272 3399
208 2900
144 2400
80 1901
2020 | 2021 | 2022 | 2023 | 2024 |
FINANCIAL STATISTICS 1402
(Amts in ZAR’000) Jun 24 Jun 23 Jun 22 Jun 21 Jun 20
Final Final Final Final Final 902
2020 | 2021 | 2022 | 2023 | 2024 |
NetRent/InvInc 158 052 184 905 188 505 286 871 307 810
Total Inc 209 900 225 045 209 340 346 591 398 305 FINANCIAL STATISTICS
Attrib Inc - 55 642 165 231 39 399 160 445 - 28 260 (Amts in USD’000) Sep 24 Sep 23 Sep 22 Sep 21 Sep 20
Final
Final
Final
Final
Final
TotCompIncLoss - 55 642 165 231 39 399 160 445 - 28 260
Ord UntHs Int 1 918 794 2 097 014 1 964 371 2 120 078 1 972 740 Turnover 721 394 649 893 685 996 596 345 405 995
FixedAss/Prop 2 010 727 2 083 749 2 129 569 2 508 813 3 152 293 Op Inc 119 555 94 691 184 549 178 838 87 645
5 982
3 502
3 281
2 329
NetIntPd(Rcvd)
3 382
Tot Curr Ass 410 486 325 691 161 077 424 180 189 864
- 253
13 275
31 072
4 541
Total Ass 2 966 788 3 141 916 3 410 149 3 642 134 4 208 089 Minority Int 82 895 82 235 153 881 100 469 11 655
Att Inc
43 296
Tot Curr Liab 891 227 179 752 298 541 148 957 592 961
TotCompIncLoss 82 642 86 776 97 407 151 991 30 833
PER SHARE STATISTICS (cents per share) Fixed Ass 784 638 609 694 569 580 380 461 278 960
HEPS-C (ZARc) 2.52 16.54 30.49 73.26 - 23.35 Inv & Loans - - - 10 274 10 303
DPS (ZARc) 20.13 19.26 17.00 37.47 - Tot Curr Ass 403 973 455 252 375 608 292 689 207 980
NAV PS (ZARc) 625.08 619.37 587.28 588.70 584.27 Ord SH Int 722 259 615 874 559 026 444 432 351 409
3 Yr Beta 0.09 - 0.04 0.58 0.92 0.95 Minority Int 57 323 59 302 61 355 6 842 - 30 580
Price Prd End 332 250 370 325 140 LT Liab 208 420 205 776 164 544 128 086 69 918
Price High 334 375 431 380 405 Tot Curr Liab 219 800 207 092 168 396 124 037 115 854
Price Low 222 180 275 74 82
RATIOS PER SHARE STATISTICS (cents per share) 650.20 567.99 274.12
514.49
520.69
HEPS-C (ZARc)
RetOnSH Funds - 2.90 7.88 2.01 7.57 - 1.43
95.58
116.33
53.18
136.04
81.94
RetOnTotAss 7.07 7.16 5.17 6.83 10.29 DPS (ZARc) 4 122.18 3 848.75 3 340.10 2 432.23 2 185.86
NAV PS (ZARc)
Debt:Equity 0.08 0.41 0.57 0.64 0.83 3 Yr Beta 1.17 1.20 1.51 1.19 0.74
OperRetOnInv 7.86 8.87 8.85 11.43 9.76
OpInc:Turnover 57.91 61.91 56.57 64.95 59.29 Price High 2 099 2 600 3 500 3 270 2 150
Price Low 1 140 1 670 1 700 1 350 860
Price Prd End 1 800 1 730 2 075 2 070 1 481
RATIOS
Ret on SH Fnd 10.60 12.85 26.94 29.15 17.13
Oper Pft Mgn 16.57 14.57 26.90 29.99 21.59
D:E 0.34 0.40 0.33 0.32 0.39
Current Ratio 1.84 2.20 2.23 2.36 1.80
Div Cover 6.26 5.21 7.32 4.08 4.94
203