Page 199 - Profile's Stock Exchange Handbook - 2025 Issue 2

Profile’s Stock Exchange Handbook: 2025 – Issue 2 JSE – SPE
Spear REIT Ltd. Spur Corporation Ltd.
SPE SPU
ISIN: ZAE000228995 SHORT: SPEARREIT CODE: SEA ISIN: ZAE000022653 SHORT: SPURCORP CODE: SUR
REG NO: 2015/407237/06 FOUNDED: 2011 LISTED: 2016 REG NO: 1998/000828/06 FOUNDED: 1967 LISTED: 1999
NATURE OF BUSINESS: Spear REIT Ltd. listed as a Real Estate NATURE OF BUSINESS: Spur Corporation Ltd. (company registration
Investment Trust (“REIT”) on the main board of the Johannesburg Stock number: 1998/000828/06), which is domiciled and incorporated in the
Exchange (“JSE”) and is the only regionally-focused REIT listed on the JSE Republic of South Africa and listed on the JSE Ltd., the recognised
that invests in high-quality income-generating assets in the Western Cape. securities exchange in South Africa, is an investment holding company.
Spear obtains its diversification through asset type rather than Through various subsidiaries, the group carries on the business of
geographical investment. franchisor in predominantly the family sit-down and quick service
SECTOR: RealEstate—RealEstate—REITS—Diversified restaurant markets. Through other subsidiaries, the group provides
NUMBER OF EMPLOYEES: 30 marketing and promotional services to franchisees. A subsidiary of the
DIRECTORS: AllieJE(ld ind ne), GoldbergBL(ind ne), company, Spur Group Properties (Pty) Ltd., owns certain properties which
McCarthyCS(ne), Phillips Dr R (ind ne), Raziya B (ind ne), Solms are owner-occupied from a group perspective. A subsidiary, Share
J(ind ne), Varachhia A (Chair, ne), Flax M N (Dep Chair, ne), Rossi Q Buy-back (Pty) Ltd., holds treasury shares as authorised by shareholders
M (CEO), Barnard C (CFO) by way of special resolution on an annual basis. The company also has
MAJOR ORDINARY SHAREHOLDERS as at 11 Oct 2024 indirect interests in five local entities that operate four The Hussar Grills,
36One Asset Management (Pty) Ltd. 8.08% one RocoMamas and one Modrockers (pilot proof of concept) outlet in
Spear Holdco (Pty) Ltd. 7.90% South Africa.
Old Mutual Group 7.48% SECTOR: ConsDisr—Travel&Leis—Travel&Leis—Resturants&Bars
POSTAL ADDRESS: PO Box 50, Observatory, 7935 NUMBER OF EMPLOYEES: 434
MORE INFO: www.sharedata.co.za/sdo/jse/SEA DIRECTORS: Boggenpoel J (ind ne), Fernandez C (ind ne),
COMPANY SECRETARY: René Cheryl Stober Molebatsi L (ind ne), ParkerAC(ind ne), ZinnSA(ld ind ne), Bosman
TRANSFER SECRETARY: Computershare Investor Services (Pty) Ltd. M J (Chair, ind ne), Nichas V (CEO), Robertson K (COO), Teixeira
SPONSOR: PSG Capital (Pty) Ltd. C (CFO)
AUDITORS: BDO MAJOR ORDINARY SHAREHOLDERS as at 22 Jan 2025
Coronation Fund Managers 16.30%
CAPITAL STRUCTURE AUTHORISED ISSUED Camissa Asset Management (Pty) Ltd. 10.17%
SEA Ords no par 1 000 000 000 339 986 976 Allan Gray 10.10%
POSTAL ADDRESS: PO Box 166, Century City, 7446
DISTRIBUTIONS [ZARc] MORE INFO: www.sharedata.co.za/sdo/jse/SUR
Ords no par Ldt Pay Amt COMPANY SECRETARY: Donfrey Meyer
Interim No 16 12 Nov 24 18 Nov 24 39.53
Final No 15 11 Jun 24 18 Jun 24 40.53 TRANSFER SECRETARY: Computershare Investor Services (Pty) Ltd.
SPONSOR: Questco Corporate Advisory (Pty) Ltd.
LIQUIDITY: Apr25 Avg 1m shares p.w., R12.2m(20.1% p.a.) AUDITORS: PwC Inc.
REIV 40 Week MA SPEARREIT CAPITAL STRUCTURE AUTHORISED ISSUED
SUR Ords 0.001c 201 000 000 90 996 932
1034
DISTRIBUTIONS [ZARc]
913
Ords 0.001c Ldt Pay Amt
Interim No 49 25 Mar 25 31 Mar 25 106.00
792
Final No 48 10 Sep 24 16 Sep 24 118.00
672 LIQUIDITY: Apr25 Avg 300 466 shares p.w., R10.0m(17.2% p.a.)
TRAV 40 Week MA SPURCORP
551
3597
430
2020 | 2021 | 2022 | 2023 | 2024 |
3037
FINANCIAL STATISTICS
(Amts in ZAR’000) Aug 24 Feb 24 Feb 23 Feb 22 Feb 21 2476
Interim Final Final Final Final
NetRent/InvInc 177 372 368 486 346 490 341 953 343 647 1916
Total Inc 178 218 371 126 349 291 345 600 349 556
1356
Attrib Inc 117 114 362 740 182 205 164 924 53 008
TotCompIncLoss 117 114 362 740 182 205 164 924 56 984 796
2020 | 2021 | 2022 | 2023 | 2024 |
Ord UntHs Int 3 138 213 3 063 045 2 594 408 2 650 089 2 372 257
Investments 4 043 563 4 180 066 3 793 263 4 406 265 4 495 969 FINANCIAL STATISTICS
FixedAss/Prop 355 500 1 041 1 604 2 206 (Amts in ZAR’000) Dec 24 Jun 24 Jun 23 Jun 22 Jun 21
Tot Curr Ass 44 094 49 423 461 621 117 089 75 151 Interim Final Final Final Final(rst)
Total Ass 4 275 245 4 673 422 4 256 708 4 530 473 4 583 887 Turnover 2 009 872 3 473 648 3 045 201 2 391 192 1 804 945
Tot Curr Liab 368 493 349 649 473 915 76 849 494 362 Op Inc 203 764 312 016 292 459 208 921 144 294
NetIntPd(Rcvd) - 12 338 - 29 580 - 25 965 - 747 - 3 508
PER SHARE STATISTICS (cents per share) Minority Int 8 759 11 064 8 834 7 105 6 677
HEPLU-C (ZARc) 38.73 82.78 79.85 77.21 76.70 Att Inc 144 787 233 598 212 176 121 235 92 568
DPLU (ZARc) 39.53 78.86 75.98 68.25 58.70 TotCompIncLoss 155 178 242 869 224 094 127 194 99 259
NAV (ZARc) 1 174.00 1 178.00 1 148.00 1 130.00 1 153.00 Fixed Ass 108 686 105 988 87 202 92 516 93 957
3 Yr Beta 0.13 0.03 0.41 0.65 0.60 Inv & Loans - - - 350 962
Price Prd End 935 835 735 850 510 Tot Curr Ass 749 755 713 486 690 892 558 637 473 515
Price High 1 000 899 899 960 895 Ord SH Int 858 618 820 891 738 142 673 306 617 721
Price Low 750 672 690 495 475 Minority Int 17 248 14 167 13 567 12 711 13 314
RATIOS LT Liab 132 153 124 663 87 303 92 187 116 051
RetOnSH Funds 7.43 11.79 6.99 6.17 2.38 Tot Curr Liab 417 018 428 185 327 941 269 772 226 740
RetOnTotAss 8.34 7.94 8.21 7.63 7.63 PER SHARE STATISTICS (cents per share)
Debt:Equity 0.24 0.41 0.45 0.67 0.71 HEPS-C (ZARc) 178.35 291.02 261.18 144.22 110.13
OperRetOnInv 8.77 8.81 9.13 7.76 7.64 DPS (ZARc) 106.00 213.00 192.00 127.00 -
OpInc:Turnover 57.19 59.49 59.61 59.48 64.69 NAV PS (ZARc) 1 061.14 1 012.27 907.44 814.39 756.00
3 Yr Beta 0.04 0.01 0.09 0.74 0.90
Price High 3 849 3 700 2 599 2 699 2 350
Price Low 3 001 2 250 1 850 1 488 1 176
Price Prd End 3 496 3 400 2 335 2 055 1 925
RATIOS
Ret on SH Fnd 35.06 29.30 29.40 18.71 15.73
Oper Pft Mgn 10.14 8.98 9.60 8.74 7.99
D:E 0.23 0.23 0.12 0.13 0.18
Current Ratio 1.80 1.67 2.11 2.07 2.09
Div Cover 1.69 1.35 1.35 1.14 -
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