Page 93 - Profile's Stock Exchange Handbook - 2025 Issue 3

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

Burstone Group Ltd. Bytes Technology Group plc

ISIN: ZAE000180915 SHORT: BURSTONE CODE: BTN ISIN: GB00BMH18Q19 SHORT: BYTES CODE: BYI
REG NO: 2008/011366/06 FOUNDED: 2008 LISTED: 2011 REG NO: 12935776 FOUNDED: 2020 LISTED: 2020
NATURE OF BUSINESS: Burstone (previously Investec Property NATURE OF BUSINESS: The Bytes Group is one of the UK’s leading
Fund) is a fully integrated international real estate business with providers of IT software offerings and solutions, with a focus on
c.R40 billion gross asset value (GAV) under management and cloud and security products. The Bytes Group enables effective
c.R6.1 billion third-party capital under management. The Group and cost-efficient technology sourcing, adoption and management
invests in best-in-class assets focusing on fund management; asset across software, services, including in the areas of security and
management and development management. Burstone listed cloud. It aims to deliver the latest technology to a diverse and
on the JSE 2011 and currently operates in South Africa, select embedded non-consumer customer base and has a long track
European markets and Australia. About 55% of the Group’s asset record of delivering strong financial performance.
base is comprised of foreign investments. The Group has a strong SECTOR: Technology--Technology--Software & CompSer--Software
management track record of more than 30 years operating in both NUMBER OF EMPLOYEES: 666
local and international markets. DIRECTORS: Chindalur S (ind ne), Maw D (ne, UK), Paterson R (ind ne),
SECTOR: RealEstate--RealEstate--REITS--Diversified Schraner Dr E (snr ind ne), Vikström Persson A (ind ne), De Smedt P
NUMBER OF EMPLOYEES: 0 (Chair, ne, Blgm), Mudd S (CEO), Holden A (CFO)
DIRECTORS: Hourquebie P (ind ne), Moephuli D (ind ne), Morathi R K MAJOR ORDINARY SHAREHOLDERS as at 9 Jul 2025
(ind ne), Nkonyeni V (ind ne), Riley N (ne), Theodosiou P A (ind ne, UK), Coronation Fund Managers 12.11%
Tomlinson R G (ind ne), Ngoasheng M M (Chair, ind ne), Biltron 7.63%
Wooler A R (CEO), Sprenger J C (CFO) BlackRock Inc. 5.00%
MAJOR ORDINARY SHAREHOLDERS as at 3 Dec 2024 POSTAL ADDRESS: Bytes House, Randalls Way, KT22 7TW
Investec Ltd. 21.71% MORE INFO: www.sharedata.co.za/sdo/jse/BYI
Public Investment Corporation (SOC) Ltd. 17.77% COMPANY SECRETARY: Willem Karel Groenewald
Government Employees Pension Fund 14.30% TRANSFER SECRETARY: Computershare Investor Services (Pty) Ltd.
POSTAL ADDRESS: PO Box 78949, Sandton, 2196 SPONSOR: Investec Bank Ltd.
MORE INFO: www.sharedata.co.za/sdo/jse/BTN AUDITORS: Ernst & Young
COMPANY SECRETARY: Sashnee Maistry CAPITAL STRUCTURE Authorised Issued
TRANSFER SECRETARY: Computershare Investor Services (Pty) Ltd. BYI Ord shares - 242 612 536
SPONSOR: Investec Bank Ltd.
AUDITORS: PwC Inc. DISTRIBUTIONS [GBPp]
CAPITAL STRUCTURE Authorised Issued Ord shares Ldt Pay Amt
BTN Ords no par value 1 000 000 000 804 918 444 Final No 8 8 Jul 25 25 Jul 25 6.90
Special No 4 8 Jul 25 25 Jul 25 10.00
DISTRIBUTIONS [ZARc] LIQUIDITY: Jul25 Avg 1m shares p.w., R109.8m(22.8% p.a.)
Ords no par value Ldt Pay Amt
Final No 30 17 Jun 25 23 Jun 25 47.65 BYTES 40 Week MA SCOM
Interim No 29 10 Dec 24 17 Dec 24 44.58 18000
16000
LIQUIDITY: Jul25 Avg 6m shares p.w., R52.7m(38.3% p.a.)
14000
BURSTONE 40 Week MA REIV 12000
1300
10000
1200
8000
1100 6000
1000 4000
900 2000
2021 2022 2023 2024 2025
800
700 FINANCIAL STATISTICS
600 (GBP ’000) Feb 25 Feb 24 Feb 23 Feb 22 Feb 21
2021 2022 2023 2024 2025 Final Final Final Final(rst) Final
Turnover 217 134 207 021 184 421 145 836 393 569
NOTE: Investec Property Fund Ltd. renamed to Burstone Group Ltd. Op Inc 66 426 56 712 50 883 42 155 26 844
on 20 September 2023. NetIntPd(Rcvd) - 8 195 - 4 718 491 589 181
FINANCIAL STATISTICS Att Inc 54 841 46 851 40 421 32 854 19 933
8 049
13 581
8 275
8 478
8 380
(R million) Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Fixed Ass 391 517 322 467 269 681 231 634 135 168
Tot Curr Ass
Final Final Final Final(rst) Final
NetRent/InvInc 1 230 1 343 1 036 1 120 1 054 Ord SH Int 98 043 78 336 61 497 47 567 16 748
3 528
3 676
3 303
5 238
3 451
Total Inc 1 600 1 753 1 365 1 554 1 553 LT Liab 353 885 297 931 255 742 232 325 167 568
Tot Curr Liab
Attrib Inc - 2 224 232 195 1 038 - 328
TotCompIncLoss - 2 230 232 195 1 038 - 331 PER SHARE STATISTICS (cents per share)
Ord UntHs Int 9 483 12 439 13 014 13 652 13 398 HEPS-C (ZARc) 530.32 457.27 341.61 279.34 182.16
FixedAss/Prop 13 154 13 750 13 503 13 515 14 637 DPS (ZARc) 236.53 406.19 348.14 247.58 -
Tot Curr Ass 1 964 644 734 681 1 467 NAV PS (ZARc) 952.60 790.31 570.20 410.31 150.72
Total Ass 18 572 25 848 25 384 24 039 25 148 3 Yr Beta 0.64 0.71 - - -
Tot Curr Liab 2 474 3 277 2 330 2 479 3 397 Price High 14 295 16 200 10 000 13 000 9 226
PER SHARE STATISTICS (cents per share) Price Low 9 493 7 885 7 350 7 962 5 635
HEPS-C (ZARc) - 138.93 28.21 43.70 177.85 128.13 Price Prd End 9 989 13 674 8 859 9 388 8 269
DPS (ZARc) 92.23 89.46 99.41 102.23 92.23 RATIOS
NAV PS (ZARc) 1 178.00 1 551.00 1 617.00 1 696.08 1 665.00 Ret on SH Fnd 55.94 59.81 65.73 69.07 119.02
3 Yr Beta 0.45 0.37 0.67 1.47 1.39 Oper Pft Mgn 30.59 27.39 27.59 28.91 6.82
Price Prd End 826 753 825 1 200 970 D:E 0.03 0.04 0.06 0.08 0.31
Price High 1 026 910 1 300 1 280 1 204 Current Ratio 1.11 1.08 1.05 1.00 0.81
Price Low 655 681 766 929 635 Div Cover 2.24 1.13 0.98 1.13 -
RATIOS
RetOnSH Funds - 23.45 1.87 1.50 7.61 - 2.44
RetOnTotAss 8.82 6.99 5.35 6.43 6.10
Debt:Equity 0.88 1.00 0.90 0.72 0.81
OperRetOnInv 9.35 9.76 7.67 8.29 7.20
OpInc:Turnover 61.21 65.43 57.05 62.87 71.83
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