Page 32 - Profile's Stock Exchange Handbook - 2025 Issue 2
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NSX – SNO                                Profile’s Stock Exchange Handbook: 2025 – Issue 2
                 SBN Holdings Ltd.                       Stimulus Investments Ltd.
        SNO                                        SILP
       ISIN: NA000A2PQ3N5  SHORT: SBN HOLDINGS CODE: SNO  ISIN: NA000A1JN0Z7  SHORT: STIMULUS  CODE: SILP
       REG NO: 2006/306  FOUNDED: 1915  LISTED: 2019  REG NO: 2004/482  FOUNDED: 2004  LISTED: 2004
       NATURE OF BUSINESS: Incorporated on 25 July 2006, SBN Holdings is  NATURE OF BUSINESS: Stimulus Investment Ltd. is a private equity firm
        the holding company of Standard Bank Namibia, one of the leading  specializing in investments in logistics, renewable energy, tourism, and
        financial services institutions in Namibia. The establishment of SBN  high value retailing. The firm seeks to invest in Namibia. Stimulus
        Holdings provided Standard Bank Namibia with the benefit of a dedicated  Investment Ltd. is based in Namibia.
        holding company strengthening the Bank’s operational oversight,  SECTOR: Add—Debt—Preference Shares—Pref Shares
        leadership, governance and regulatory compliance. SBN Holdings  NUMBER OF EMPLOYEES: 0
        supervises and oversees the execution of the Bank’s strategy, values and  DIRECTORS: Geingos M (ne), McleodEI(ind ne), Okafor C (ind ne),
        vision through a single board of directors. Furthermore, the establishment  Mwatotele J S (CEO)
        of SBN Holdings to act as the primary listed entity serves to demonstrate  POSTAL ADDRESS: PO Box 97438, Windhoek, Namibia
        the Bank’s commitment to the transformation objectives of the NFSC
        aimed at diversifying the financial services sector.  MORE INFO: www.sharedata.co.za/sdo/jse/SILP
       SECTOR: Fins—Banks—Banks—Banks             COMPANY SECRETARY: MMM Consultancy CC
       NUMBER OF EMPLOYEES: 1 700                 TRANSFER SECRETARY: Transfer Secretaries (Pty) Ltd.
       DIRECTORS: Hornung S (ne), Kanime A (ind ne), Kasete Z K (ind ne),  CAPITAL STRUCTURE  AUTHORISED  ISSUED
        Madonsela S, Mwatotele J S (ind ne), Riedel J G (ind ne), Schlebusch P (ne),  SILP  Pref shares  -  4 650 786
        SiphiweThembaBruce MadonselaSTB(ne), Tjipitua N A (ind ne), Lucas  LIQUIDITY: Apr25 Avg 75 shares p.w., R9 615.5(-% p.a.)
        N (Acting CEO), Tjombonde I H (Chair, ind ne), Tjipuka E (CEO),
        Matenda A T (CFO)
                                                           40 Week MA        STIMULUS
       MAJOR ORDINARY SHAREHOLDERS as at 31 Dec 2023
         Standard Bank Group Ltd.         74.90%                                     12805
         Purros Investments (Pty) Ltd.     8.10%
                                                                                     12800
       POSTAL ADDRESS: PO Box 3327, Windhoek, Namibia
       MORE INFO: www.sharedata.co.za/sdo/jse/SNO                                    12795
       COMPANY SECRETARY: Sigrid Tjijorokisa
       TRANSFER SECRETARY: Transfer Secretaries (Pty) Ltd.                           12790
       SPONSOR: IJG Securities (Pty) Ltd.                                            12785
       AUDITORS: PwC Inc.
       CAPITAL STRUCTURE   AUTHORISED     ISSUED        2021  2022   2023  2024   2025  12780
       SNO  Ords 0.2c ea     800 000 000  522 471 910
                                                  FINANCIAL STATISTICS
       DISTRIBUTIONS [NADc]
       Ords 0.2c ea          Ldt    Pay     Amt   (Amts in NAD’000)  Feb 24  Feb 23  Feb 22  Feb 21  Feb 20
                                                                Final
                                                                      Final
                                                                                 Final
                                                                                       Final
                                                                           Final
       Final No 11       30 Apr 25  23 May 25  70.00  Turnover  29 708  17 373  19 566  21 291  45 795
       Interim No 10      6 Sep 24  27 Sep 24  68.00
                                                  Op Inc       76 792  84 377  10 710  1 318  - 5 951
       LIQUIDITY: Apr25 Avg 180 422 shares p.w., R1.6m(1.8% p.a.)  NetIntPd(Rcvd)  76 797  84 359  10 686  28 478  30 329
                 40 Week MA       SBN HOLDINGS    AttInc          -     -     -  -27186  -35799
                                                  TotCompIncLoss  -     -     -  - 27 186  - 35 799
                                                  Inv & Loans  503 690  467 492  601 358  598 361  588 213
                                                  Tot Curr Ass  50 769  40 992  47 423  47 360  68 648
                                           893
                                                  Ord SH Int      1     1    1     1  27 187
                                           770    LT Liab     707 707  647 144  -  -     -
                                                  Tot Curr Liab  18 713  3 955  9 729  9 630  15 150
                                           646
                                                  PER SHARE STATISTICS (cents per share)
                                           523    DPS (ZARc)   402.00 1 692.00  200.00  207.00  324.00
                                                  NAV PS (ZARc)  15 619.00 13 991.00 13 940.00 13 884.00  584.57
                                           400
          2020  |  2021  |  2022  |  2023  |  2024  |  3 Yr Beta  -     -  - 0.03  - 0.03  - 0.07
                                                  Price High   12 790  12 790  12 790  12 791  12 791
       FINANCIAL STATISTICS
       (NAD million)  Dec 24  Dec 23  Dec 22  Dec 21  Dec 20  Price Low  12 790  12 790  12 790  12 780  12 129
                     Final Final(rst)  Final Final(rst) Final(rst)  Price Prd End  12 790  12 790  12 790  12 790  12 791
       Interest Rcvd  2 067  1 800  1 445  1 229  1 169  RATIOS
       Operating Inc  1 632  1 279  1 049  851  864  RetonSHFnd   -     -     -  -4.27  - 5.58
       Minority Int    3     3    -     -     -   Oper Pft Mgn  258.49  485.68  54.74  6.19  - 12.99
       Attrib Inc    1 050  766  624   365  421   Current Ratio  2.71  10.36  4.87  4.92  4.53
       TotCompIncLoss  1 062  765  628  366  441  Div Cover       -     -     -  - 2.82  - 2.38
       Ord SH Int    5 470  5 069  4 767  4 115  4 167
       Dep & OtherAcc  34 003  30 209  27 353  28 256  26 120
       Liabilities  37 502  33 582  30 892  30 981  28 658
       Inv & Trad Sec  9 005  7 599  5 398  6 290  5 238
       Adv & Loans  27 633  26 954  25 969  25 382  24 148
       ST Dep & Cash  3 693  1 675  1 673  1 488  1 036
       Total Assets  42 993  38 670  35 675  35 319  32 838
       PER SHARE STATISTICS (cents per share)
       HEPS-C (ZARc)  203.00  150.00  119.00  71.00  81.00
       DPS (ZARc)   138.00  100.00  66.00  31.00  35.00
       NAV PS (ZARc)  1 047.00  970.00  912.00  841.00  797.00
       3 Yr Beta     - 0.41  - 0.48  - 0.14  -  -
       Price Prd End  908  845   441   613  690
       Price High     955  890   613   800  921
       Price Low      761  441   399   550  690
       RATIOS
       Ret on SH Fund  19.17  15.13  13.05  8.44  10.07
       RetOnTotalAss  3.79  3.31  2.98  2.41  2.63
       Interest Mgn  0.05  0.05  0.04  0.03  0.04
       LiquidFnds:Dep  0.11  0.06  0.06  0.05  0.04
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