Page 77 - Profile's Stock Exchange Handbook - 2025 Issue 3

Profile’s Stock Exchange Handbook: 2025 - Issue 3 JSE - AH-

AH-Vest Ltd. Alexander Forbes Group
Holdings Ltd.
ISIN: ZAE000129177 SHORT: AH-VEST CODE: AHL
REG NO: 1989/000100/06 FOUNDED: 1988 LISTED: 1998
NATURE OF BUSINESS: AH-Vest manufactures food sauces and ISIN: ZAE000191516 SHORT: AFORBES CODE: AFH
condiments for supply to retail chains (branded and private label REG NO: 2006/025226/06 FOUNDED: 1935 LISTED: 2014
products), independent traders and the catering industry. Some NATURE OF BUSINESS: Alexforbes is a financial services group
of the well established brands are All Joy and Veri Peri, which enjoy that impacts people’s lives by delivering insight and advice to
strong brand recognition. individuals, employers and retirement funds.
SECTOR: CnsStp--FoodBev&Tob--Food Producers--Food Products SECTOR: Fins--FinServcs--InvBnkng&BrokerServcs--AssMgrs&Custodians
NUMBER OF EMPLOYEES: 296 NUMBER OF EMPLOYEES: 2 467
DIRECTORS: Ally E (ind ne), Darsot S, Darsot R, Speirs U (ind ne), DIRECTORS: Dippenaar M (ne), Dlamini K D (ind ne), Herbert G W
Takolia H (Chair, ind ne), Darsot M (CEO), Sambaza C (FD) (ne), Mazwai A (ind ne), Medupe N (ind ne), Molope C W N (ind ne),
MAJOR ORDINARY SHAREHOLDERS as at 30 Jun 2024 Nkadimeng M R (ne), Tedesco A L (ne), Roux R (Chair Designate, ind ne),
Eastern Trading Company (Pty) Ltd. 72.36% Bydawell B (CFO), de Villiers D J (CEO)
Farm Food Holdings (Pty) Ltd. 23.33% MAJOR ORDINARY SHAREHOLDERS as at 2 Jul 2025
POSTAL ADDRESS: PO Box 100, Eikenhof, 1872 ARC AF Holdings (Pty) Ltd. 45.45%
MORE INFO: www.sharedata.co.za/sdo/jse/AHL New Veld LLC 33.66%
COMPANY SECRETARY: Light Consulting (Pty) Ltd. Public Investment Corporation 4.45%
TRANSFER SECRETARY: Computershare Investor Services (Pty) Ltd. POSTAL ADDRESS: PO Box 787240, Sandton, 2146
SPONSOR: AcaciaCap Advisors Sponsors (Pty) Ltd. MORE INFO: www.sharedata.co.za/sdo/jse/AFH
AUDITORS: Nexia SAB&T Inc. COMPANY SECRETARY: C H Wessels
CAPITAL STRUCTURE Authorised Issued TRANSFER SECRETARY: JSE Investor Services (Pty) Ltd.
AHL Ords 1c ea 500 000 000 102 035 730 SPONSOR: Rand Merchant Bank (A division of FirstRand Bank Ltd.)
AUDITORS: PwC Inc.
DISTRIBUTIONS [ZARc] CAPITAL STRUCTURE Authorised Issued
Ords 1c ea Ldt Pay Amt
Final No 3 22 Nov 22 28 Nov 22 0.20 AFH Ords no par value 2 500 000 000 1 299 508 372
Final No 2 19 Oct 21 25 Oct 21 1.00 DISTRIBUTIONS [ZARc]
LIQUIDITY: Jul25 Avg 357 shares p.w., R43.3(-% p.a.) Ords no par value Ldt Pay Amt
Final No 21 15 Jul 25 21 Jul 25 33.00
AH-VEST 40 Week MA FOOD Special No 5 15 Jul 25 21 Jul 25 10.00
200
LIQUIDITY: Jul25 Avg 1m shares p.w., R9.2m(5.2% p.a.)
150
AFORBES 40 Week MA GENF
1000
100 900
800
50 700
600
0
2021 2022 2023 2024 2025 500
400
FINANCIAL STATISTICS 300
(R ’000) Dec 24 Jun 24 Jun 23 Jun 22 Jun 21 2021 2022 2023 2024 2025
Interim Final Final Final Final
Turnover 100 631 237 081 211 321 206 190 180 203 FINANCIAL STATISTICS
Op Inc 1 375 8 190 4 202 4 389 15 902 Mar 25 Mar 24 Mar 23 Mar 22 Mar 21
NetIntPd(Rcvd) 1 133 2 845 3 278 2 757 3 060 (R million) Final Final(rst) Final(rst) Final Final(rst)
Att Inc 178 3 973 1 463 1 202 10 206 Net Revenue 4 397 3 905 4 487 4 198 3 895
TotCompIncLoss 178 3 973 1 463 2 062 10 206 Op Profit 872 687 687 657 607
Fixed Ass 46 734 48 212 46 972 42 570 41 247 NetIntPd(Rcvd) - 168 - 189 - 104 - 60 - 59
Tot Curr Ass 103 854 108 397 83 080 79 708 69 303 Minority Int 23 20 10 12 18
Ord SH Int 50 713 50 535 46 562 45 303 44 247 Att Inc 883 672 704 495 185
LT Liab 30 188 32 923 37 549 40 654 44 607 TotCompIncLoss 918 727 785 494 170
Tot Curr Liab 89 697 94 001 68 471 61 235 51 490 Fixed Ass 481 543 387 472 544
PER SHARE STATISTICS (cents per share) Inv & Loans 463 353 416 989 379 714 363 816 333 217
HEPS-C (ZARc) 0.17 3.88 1.35 2.02 9.99 Tot Curr Ass 3 570 3 959 3 990 3 588 3 611
DPS (ZARc) - - - 0.20 1.00 Ord SH Int 3 958 4 542 4 455 4 073 3 991
NAV PS (ZARc) 49.70 49.53 45.63 44.40 43.39 Minority Int 52 48 24 33 37
3 Yr Beta 0.93 0.75 - 1.84 - 2.43 - 2.31 LT Liab 464 106 417 485 380 032 363 932 333 348
Price High 13 16 50 60 55 Tot Curr Liab 1 441 1 586 1 754 2 434 2 634
Price Low 10 2 13 11 9 PER SHARE STATISTICS (cents per share)
Price Prd End 13 10 16 50 40 HEPS-C (ZARc) 57.90 52.90 45.50 37.20 31.20
RATIOS DPS (ZARc) 65.00 110.00 42.00 32.00 22.00
Ret on SH Fnd 0.70 7.86 3.14 2.65 23.07 NAV PS (ZARc) 307.18 367.48 363.67 331.68 312.77
Oper Pft Mgn 1.37 3.45 1.99 2.13 8.82 3 Yr Beta - 0.74 - 0.88 - 0.22 0.40 0.46
D:E 0.60 0.68 0.83 0.91 1.03 Price High 950 874 583 488 490
Current Ratio 1.16 1.15 1.21 1.30 1.35 Price Low 593 462 388 315 300
Div Cover - - - 10.10 10.01 Price Prd End 765 631 510 462 410
RATIOS
Ret on SH Fnd 22.59 15.08 15.94 12.35 5.04
Oper Pft Mgn 19.83 17.59 15.31 15.65 15.58
D:E 115.74 90.96 84.85 88.63 82.76
Current Ratio 2.48 2.50 2.27 1.47 1.37
Div Cover 1.09 0.50 1.36 1.23 0.65
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