Page 32 - Profile's Stock Exchange Handbook - 2025 Issue 3

Profile’s Stock Exchange Handbook: 2025 - Issue 3
NSX - SBN
NSX - SBN P r ofile ’ s S t o ck Ex change Handb o ok : 2025 - I ssue 3
SBN Holdings Ltd. Stimulus Investments Ltd.

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 Investments Ltd. focuses on acquiring
the holding company of Standard Bank Namibia, one of the leading investments in established, high cash generating businesses in Namibia,
financial services institutions in Namibia. The establishment of SBN which require empowerment credentials, whilst also targeting more
Holdings provided Standard Bank Namibia with the benefit of a traditional private equity opportunities in promising businesses with
dedicated holding company strengthening the Bank’s operational potential to deliver superior returns. The company was funded by issuing
oversight, leadership, governance and regulatory compliance. SBN preference shares to the market through the Namibia Securities Exchange
Holdings supervises and oversees the execution of the Bank’s strategy, (NSX). The company’s returns are allocated between the preference
values and vision through a single board of directors. Furthermore, shareholders and ordinary shareholders, based on a private equity
the establishment of SBN Holdings to act as the primary listed entity principle, whereby the preference shareholders are allocated 80% of the
serves to demonstrate the Bank’s commitment to the transformation returns and the ordinary shareholders 20%, subject to the preference
objectives of the NFSC aimed at diversifying the financial services sector. shareholders achieving a specified hurdle return. If the company returns
SECTOR: Fins--Banks--Banks--Banks are below the hurdle rate, all returns are allocated to the preference
NUMBER OF EMPLOYEES: 1 700 shareholders. The company operates principally in Namibia.
DIRECTORS: Hornung S (ne), Kanime A (ind ne), Kasete Z K (ind ne), SECTOR: Add--Debt--Preference Shares--Pref Shares
Madonsela S, Mwatotele J S (ind ne), Riedel J G (ind ne), Schlebusch NUMBER OF EMPLOYEES: 0
P (ne), Siphiwe Themba Bruce Madonsela S T B (ne), Tjipitua N DIRECTORS: Geingos M (ne), Mcleod E I (ind ne), Okafor C (ind ne),
A (ind ne), Lucas N (Acting CEO), Tjombonde I H (Chair, ind ne), Koep P F (Chair, ind ne, Namb), Mwatotele J S (CEO)
Tjipuka E (CEO), Matenda A T (CFO) POSTAL ADDRESS: PO Box 97438, Windhoek, Namibia
MAJOR ORDINARY SHAREHOLDERS as at 31 Dec 2024 MORE INFO: www.sharedata.co.za/sdo/jse/SILP
Standard Bank Group Ltd. 74.90% COMPANY SECRETARY: MMM Consultancy CC
POSTAL ADDRESS: PO Box 3327, Windhoek, Namibia TRANSFER SECRETARY: Transfer Secretaries (Pty) Ltd.
MORE INFO: www.sharedata.co.za/sdo/jse/SNO CAPITAL STRUCTURE Authorised Issued
COMPANY SECRETARY: Sigrid Tjijorokisa SILP Pref shares - 4 650 786
TRANSFER SECRETARY: Transfer Secretaries (Pty) Ltd.
SPONSOR: IJG Securities (Pty) Ltd. LIQUIDITY: Jul25 Avg 75 shares p.w., R9 615.5(-% p.a.)
AUDITORS: PwC Inc. STIMULUS 40 Week MA
CAPITAL STRUCTURE Authorised Issued 12805
SNO Ords 0.2c ea 800 000 000 522 471 910 12800
DISTRIBUTIONS [NADc]
Ords 0.2c ea Ldt Pay Amt 12795
Final No 11 30 Apr 25 23 May 25 70.00 12790
Interim No 10 6 Sep 24 27 Sep 24 68.00
LIQUIDITY: Jul25 Avg 175 196 shares p.w., R1.6m(1.7% p.a.) 12785
SBN HOLDINGS 40 Week MA 12780
1100 2021 2022 2023 2024 2025
1000
FINANCIAL STATISTICS
900 Feb 25 Feb 24 Feb 23 Feb 22 Feb 21
(NAD ’000)
800 Final Final Final Final Final
700 Turnover 25 088 29 708 17 373 19 566 21 291
Op Inc 108 925 76 792 84 377 10 710 1 318
600
NetIntPd(Rcvd) 59 270 76 797 84 359 10 686 28 478
500 Att Inc 49 755 - - - - 27 186
400 TotCompIncLoss 49 755 - - - - 27 186
2021 2022 2023 2024 2025 Inv & Loans 626 419 503 690 467 492 601 358 598 361
Tot Curr Ass 32 263 50 769 40 992 47 423 47 360
FINANCIAL STATISTICS Ord SH Int 49 756 1 1 1 1
(NAD million) Dec 24 Dec 23 Dec 22 Dec 21 Dec 20 LT Liab 755 638 707 707 647 144 - -
Final Final(rst) Final Final(rst) Final(rst) Tot Curr Liab 13 166 18 713 3 955 9 729 9 630
Interest Rcvd 2 067 1 800 1 445 1 229 1 169 PER SHARE STATISTICS (cents per share)
Operating Inc 1 632 1 279 1 049 851 864 DPS (ZARc) 283.00 402.00 1 692.00 200.00 207.00
Minority Int 3 3 - - - NAV PS (ZARc) 16 531.00 15 619.00 13 991.00 13 940.00 13 884.00
Attrib Inc 1 050 766 624 365 421 3 Yr Beta - - - - 0.03 - 0.03
TotCompIncLoss 1 062 765 628 366 441 Price High 12 801 12 790 12 790 12 790 12 791
Ord SH Int 5 470 5 069 4 767 4 115 4 167 Price Low 12 790 12 790 12 790 12 790 12 780
Dep & OtherAcc 34 003 30 209 27 353 28 256 26 120 Price Prd End 12 801 12 790 12 790 12 790 12 790
Liabilities 37 502 33 582 30 892 30 981 28 658
Inv & Trad Sec 9 005 7 599 5 398 6 290 5 238 RATIOS
Adv & Loans 27 633 26 954 25 969 25 382 24 148 Ret on SH Fnd 100.00 - - - - 4.27
ST Dep & Cash 3 693 1 675 1 673 1 488 1 036 Oper Pft Mgn 434.17 258.49 485.68 54.74 6.19
Total Assets 42 993 38 670 35 675 35 319 32 838 D:E 15.19 707 707.00 647 144.00 - -
4.92
PER SHARE STATISTICS (cents per share) Current Ratio 2.45 2.71 - 10.36 - 4.87 - - 2.82
3.78
Div Cover
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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