Page 99 - Profile's Stock Exchange Handbook - 2025 Issue 3

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

Choppies Enterprises Ltd. Cilo Cybin Holdings Ltd.

ISIN: BW0000001072 SHORT: CHOPPIES CODE: CHP ISIN: ZAE000310397 SHORT: CILOCYBIN CODE: CCC
REG NO: 2004/1681 FOUNDED: 1986 LISTED: 2015 REG NO: 2022/320351/06 FOUNDED: 2022 LISTED: 2024
NATURE OF BUSINESS: Choppies was initially established in Lobatse, NATURE OF BUSINESS: The company was incorporated as public
Botswana in 1986 and has since grown into the largest retailer in company on 23 February 2022 by Gabriel Theron under the name
Southern Africa, outside of South Africa, with 11 388 employees of Cilo Cybin Holdings Ltd. and was listed as a Special Purpose
(10 289 Choppies, 1 099 Kamoso) in 287 stores (185 grocery retail, Acquisition Company (“SPAC”) on the AltX on 25 June 2024. As a
75 liquor stores, 27 hardware stores) across Botswana, Namibia, SPAC, the company has not carried on any commercial or business
Zambia and Zimbabwe with 10 distribution centres and a market operations since the date of incorporation.
capitalisation of BWP949 million. In 2023 Choppies diversified with SECTOR: Fins--FinServcs--OpEnd&Miscel Inv Veh--OpEnd&Miscel Inv Veh
the Kamoso acquisition adding liquor stores, hardware retailers, NUMBER OF EMPLOYEES: 0
milling production and distribution, grain packaging operations, DIRECTORS: Tham Dr S K (Non-Executive, ne), Baduza S (ind ne),
a tissue converting manufacturer and water bottling operations. Chew Y L (ne), Low W S (ind ne), Mohd Razef B A (ind ne),
SECTOR: CnsStp--PcDrugs&Groceries--PcDrugs&Groceries--Food Moodley Theron J (ne), Teoh L (ne), Theron G (CEO), Ledwaba R M (CFO)
NUMBER OF EMPLOYEES: 11 388 MAJOR ORDINARY SHAREHOLDERS as at 31 Mar 2025
DIRECTORS: Chitalu V (ind ne), De Silva R P (ind ne), Graaff N (ne), ALPS Global Holding Berhad 41.00%
Harward C (ne), Corea U (Chair, ne), Ottapathu R (CEO, Bots), Dr Tham 41.00%
Ismail F E (Dep Chair, ne, Bots) Gabriel Theron 5.00%
MAJOR ORDINARY SHAREHOLDERS as at 30 Jun 2024 POSTAL ADDRESS: 7 Sterling Street, The Point Office Park, Unit C1,
Ramachandran Ottapathu 28.96% Samrand, 0157
Farouk Ismail 17.18% MORE INFO: www.sharedata.co.za/sdo/jse/CCC
Ivygrove Holding (Pty) Ltd. 12.36% COMPANY SECRETARY: Acorim (Pty) Ltd.
POSTAL ADDRESS: Private Bag 00278, Gaborone, Botswana TRANSFER SECRETARY: Computershare Investor Services (Pty) Ltd.
MORE INFO: www.sharedata.co.za/sdo/jse/CHP SPONSOR: DEA-RU (Pty) Ltd.
COMPANY SECRETARY: BP Consulting Services (Pty) Ltd. AUDITORS: Nexia SAB&T Inc.
TRANSFER SECRETARY: Central Security Depository Botswana (CSDB) CAPITAL STRUCTURE Authorised Issued
SPONSOR: Motswedi Securities (Pty) Ltd., PSG Capital (Pty) Ltd. CCC Ords no par value 2 000 000 000 71 017 906
AUDITORS: Forvis Mazars
CAPITAL STRUCTURE Authorised Issued LIQUIDITY: Jul25 Avg 14 859 shares p.w., R54 475.4(1.1% p.a.)
CHP Ords no par value - 1 824 461 674 CILOCYBIN 40 Week MA FINA
900
DISTRIBUTIONS [BWPc] 800
Ords no par value Ldt Pay Amt
Interim No 6 22 Apr 25 8 May 25 1.60 700
Final No 5 15 Oct 24 28 Oct 24 1.40 600
LIQUIDITY: Jul25 Avg 328 760 shares p.w., R268 747.8(0.9% p.a.) 500
400
CHOPPIES 40 Week MA FOOR
220 300
200 200
180 Jul 2024 Sep 2024 Nov 2024 Jan 2025 Mar 2025 May 2025 Jul 2025
160
140 FINANCIAL STATISTICS
120 (R ‘000) Mar 25 Mar 24
100 Final Final
80 Turnover 4 829 1 064
60 Op Inc - 269 500
40 NetIntPd(Rcvd) 317 44
2021 2022 2023 2024 2025 Att Inc - 586 456
TotCompIncLoss - 586 455
FINANCIAL STATISTICS Fixed Ass 29 -
(BWP million) Dec 24 Jun 24 Jun 23 Jun 22 Jun 21 Tot Curr Ass 59 029 63 276
Interim Final(rst) Final Final(rst) Final(rst) Ord SH Int 57 335 52 080
Turnover 4 677 7 940 6 433 6 042 5 331 LT Liab 3 733 -
Op Inc 190 335 274 279 226 Tot Curr Liab 1 698 11 196
NetIntPd(Rcvd) 51 105 109 99 110 PER SHARE STATISTICS (cents per share)
Minority Int 2 - 2 3 5 - 9 HEPS-C (ZARc) - 0.85 0.51
Att Inc 83 138 147 140 68 NAV PS (ZARc) 80.73 81.48
TotCompIncLoss 47 102 97 107 19 Price High 1 000 -
Fixed Ass 833 763 632 538 507 Price Low 200 -
Inv & Loans 41 40 7 8 8 Price Prd End 402 -
Tot Curr Ass 1 251 1 123 847 691 544
Ord SH Int 322 261 141 - 252 - 355 RATIOS
Minority Int - 123 - 125 - 99 - 102 - 106 Ret on SH Fnd - 1.02 0.88
LT Liab 837 1 012 899 1 133 1 207 Oper Pft Mgn - 5.57 46.99
Tot Curr Liab 1 905 1 679 1 236 1 107 958 D:E 0.07 -
PER SHARE STATISTICS (cents per share) Current Ratio 34.76 5.65
HEPS-C (ZARc) 9.49 13.15 15.10 15.72 9.00
DPS (ZARc) 2.22 4.06 - - -
NAV PS (ZARc) 23.65 19.18 14.67 - 24.01 - 27.23
3 Yr Beta - 0.24 0.05 0.05 0.30 0.46
Price High 80 84 113 140 205
Price Low 50 48 50 42 54
Price Prd End 80 67 63 57 75
RATIOS
Ret on SH Fnd 85.43 100.00 357.14 - 40.96 - 12.93
Oper Pft Mgn 4.06 4.22 4.26 4.62 4.24
D:E 5.30 8.80 26.93 - 3.64 - 2.95
Current Ratio 0.66 0.67 0.69 0.62 0.57
Div Cover 2.70 2.56 - - -
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