Ankündigung • Nov 25
National Investment Trust Ltd, Annual General Meeting, Dec 11, 2025 National Investment Trust Ltd, Annual General Meeting, Dec 11, 2025, at 10:00 Arabian Standard Time. Location: caudan arts centre, port louis, Mauritius Ankündigung • Jun 25
National Investment Trust Ltd announces Annual dividend, payable on August 04, 2025 National Investment Trust Ltd. announced Annual dividend of MUR 0.6000 per share payable on August 04, 2025, ex-date on July 09, 2025 and record date on July 11, 2025. Ankündigung • Nov 26
National Investment Trust Ltd, Annual General Meeting, Dec 18, 2024 National Investment Trust Ltd, Annual General Meeting, Dec 18, 2024, at 10:00 Arabian Standard Time. Location: at the caudan arts centre, port louis, Mauritius New Risk • Nov 11
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Mauritian stocks, typically moving 7.9% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (7.9% average weekly change). Earnings have declined by 7.2% per year over the past 5 years. Market cap is less than US$10m (MU₨327.5m market cap, or US$7.03m). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Revenue is less than US$5m (MU₨72m revenue, or US$1.5m). Valuation Update With 7 Day Price Move • Oct 23
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to MU₨13.00, the stock trades at a trailing P/E ratio of 6.9x. Average trailing P/E is 6x in the Capital Markets industry in Mauritius. Total loss to shareholders of 34% over the past three years. Valuation Update With 7 Day Price Move • Jul 05
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to MU₨10.90, the stock trades at a trailing P/E ratio of 6.4x. Average trailing P/E is 9x in the Capital Markets industry in Africa. Total loss to shareholders of 41% over the past three years. Reported Earnings • May 18
Third quarter 2024 earnings released: MU₨0.084 loss per share (vs MU₨0.33 profit in 3Q 2023) Third quarter 2024 results: MU₨0.084 loss per share (down from MU₨0.33 profit in 3Q 2023). Net loss: MU₨2.28m (down 125% from profit in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has only fallen by 33% per year, which means it has not declined as severely as earnings. Board Change • Apr 17
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director Priscilla Balgobin-Bhoyrul was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Apr 03
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to MU₨11.00, the stock trades at a trailing P/E ratio of 5.2x. Average trailing P/E is 10x in the Capital Markets industry in Africa. Total loss to shareholders of 44% over the past three years. Reported Earnings • Feb 21
Second quarter 2024 earnings released: EPS: MU₨2.28 (vs MU₨0.11 loss in 2Q 2023) Second quarter 2024 results: EPS: MU₨2.28 (up from MU₨0.11 loss in 2Q 2023). Revenue: MU₨68.4m (up MU₨65.2m from 2Q 2023). Net income: MU₨62.3m (up MU₨65.4m from 2Q 2023). Profit margin: 91% (up from net loss in 2Q 2023). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 27% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Dec 29
Upcoming dividend of MU₨1.21 per share at 3.5% yield Eligible shareholders must have bought the stock before 05 January 2024. Payment date: 26 January 2024. Payout ratio is a comfortable 72% but the company is not cash flow positive. Trailing yield: 3.5%. Lower than top quartile of Mauritian dividend payers (5.8%). Lower than average of industry peers (6.6%). Ankündigung • Nov 29
National Investment Trust Ltd, Annual General Meeting, Dec 19, 2023 National Investment Trust Ltd, Annual General Meeting, Dec 19, 2023, at 10:00 Mauritius Standard Time. Location: the Caudan Arts Centre Port Louis Port Louis Mauritius Agenda: To approve the Minutes of Proceedings of the Annual Meeting of Shareholders held on 7th December 2022; to receive, consider and approve the Company's audited financial statements for the year ended 30 June 2023, including the Annual Report and the Auditor's report, in accordance with section 115(4) of the Companies Act 2001; to re-elect the Directors of the Company; to appoint, as Director of the Company to hold office until the next annual meeting of the shareholders, Mr Dheerendra Kumar Dabee who was nominated by the Board of Directors on 7 September 2023; to appoint Moore as auditors of the Company until the next Annual Meeting and to authorise the Board of Directors to fix their remuneration; and to transact such other business, if any, as may be transacted at an Annual Meeting. New Risk • Jul 25
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: MU₨53.7m (US$1.18m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Revenue is less than US$1m (MU₨32m revenue, or US$705k). Market cap is less than US$10m (MU₨53.7m market cap, or US$1.18m). Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • Apr 10
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to MU₨22.70, the stock trades at a trailing P/E ratio of 25.5x. Average trailing P/E is 9x in the Capital Markets industry in Mauritius. Total returns to shareholders of 42% over the past three years. Upcoming Dividend • Apr 03
Upcoming dividend of MU₨7.30 per share at 2.0% yield Eligible shareholders must have bought the stock before 10 April 2023. Payment date: 05 May 2023. Payout ratio is a comfortable 67% but the company is paying out more than the cash it is generating. Trailing yield: 2.0%. Lower than top quartile of Mauritian dividend payers (5.1%). Lower than average of industry peers (5.1%). Upcoming Dividend • Dec 21
Upcoming dividend of MU₨0.60 per share Eligible shareholders must have bought the stock before 28 December 2022. Payment date: 12 January 2023. Payout ratio is a comfortable 5.0% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of Mauritian dividend payers (4.9%). Lower than average of industry peers (4.9%). Ankündigung • Dec 14
National Investment Trust Ltd Declares Dividend for the Financial Year Ended June 30, 2022, Payable on or About January 12, 2023 National Investment Trust Ltd. has declared a dividend of MUR 0.60 per share for shareholders registered at the close of business on 30 December 2022, in respect of its financial year ended 30 June 2022. The dividend will be paid on or about 12 January 2023. The shares of the National Investment Trust Ltd. will be traded cum-dividend up to the market day of 27 December 2022 and ex-dividend on 28 December 2022. Board Change • Nov 16
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 6 new directors. No experienced directors. 1 highly experienced director. 1 independent director (6 non-independent directors). Chairman Veenay Rambarassah is the most experienced director on the board, commencing their role in 2012. Independent Non-Executive Director Amelie Audibert was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Reported Earnings • Oct 07
Full year 2022 earnings released: EPS: MU₨11.39 (vs MU₨5.72 in FY 2021) Full year 2022 results: EPS: MU₨11.39 (up from MU₨5.72 in FY 2021). Revenue: MU₨321.6m (up 73% from FY 2021). Net income: MU₨312.0m (up 99% from FY 2021). Profit margin: 97% (up from 85% in FY 2021). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 6 new directors. No experienced directors. 1 highly experienced director. 1 independent director (6 non-independent directors). Chairman Veenay Rambarassah is the most experienced director on the board, commencing their role in 2012. Independent Non-Executive Director Amelie Audibert was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Valuation Update With 7 Day Price Move • Apr 05
Investor sentiment improved over the past week After last week's 19% share price gain to MU₨38.00, the stock trades at a trailing P/E ratio of 2.5x. Average trailing P/E is 3x in the Capital Markets industry in Mauritius. Total returns to shareholders of 110% over the past three years. Valuation Update With 7 Day Price Move • Feb 28
Investor sentiment deteriorated over the past week After last week's 26% share price decline to MU₨33.50, the stock trades at a trailing P/E ratio of 2.2x. Average trailing P/E is 3x in the Capital Markets industry in Mauritius. Total returns to shareholders of 94% over the past three years. Upcoming Dividend • Feb 21
Upcoming dividend of MU₨10.10 per share Eligible shareholders must have bought the stock before 28 February 2022. Payment date: 15 March 2022. Payout ratio is a comfortable 4.7% and this is well supported by cash flows. Trailing yield: 1.6%. Lower than top quartile of Mauritian dividend payers (3.6%). Lower than average of industry peers (8.3%). Reported Earnings • Feb 18
Second quarter 2022 earnings: Revenues and EPS in line with analyst expectations Second quarter 2022 results: EPS: MU₨11.09 (up from MU₨1.14 in 2Q 2021). Revenue: MU₨329.3m (up MU₨289.1m from 2Q 2021). Net income: MU₨301.1m (up MU₨270.0m from 2Q 2021). Profit margin: 91% (up from 77% in 2Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Ankündigung • Feb 17
The National Investment Trust Ltd Declares Special Cash Distribution, Payable on 15 March 2022 The National Investment Trust Ltd. has declared a first cash distribution of MUR 10.10 per share for shareholders registered at the close of business on 3 March 2022. This special dividend will be paid on or about 15 March 2022. Valuation Update With 7 Day Price Move • Feb 14
Investor sentiment improved over the past week After last week's 20% share price gain to MU₨45.60, the stock trades at a trailing P/E ratio of 8.8x. Average trailing P/E is 5x in the Capital Markets industry in Mauritius. Total returns to shareholders of 104% over the past three years. Upcoming Dividend • Jan 06
Upcoming dividend of MU₨0.70 per share Eligible shareholders must have bought the stock before 13 January 2022. Payment date: 21 January 2022. Payout ratio is a comfortable 14% and the cash payout ratio is 98%. Trailing yield: 1.8%. Lower than top quartile of Mauritian dividend payers (3.5%). Lower than average of industry peers (8.8%). Reported Earnings • May 22
Third quarter 2021 earnings released: EPS MU₨1.36 (vs MU₨0.36 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: MU₨43.4m (up 240% from 3Q 2020). Net income: MU₨37.4m (up 280% from 3Q 2020). Profit margin: 86% (up from 77% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Reported Earnings • Feb 15
Second quarter 2021 earnings released: EPS MU₨0.97 (vs MU₨2.13 in 2Q 2020) The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: MU₨35.8m (down 48% from 2Q 2020). Net income: MU₨26.7m (down 54% from 2Q 2020). Profit margin: 75% (down from 85% in 2Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Dec 19
New 90-day high: MU₨35.00 The company is up 4.0% from its price of MU₨33.50 on 18 September 2020. The Mauritian market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Capital Markets industry, which is down 3.0% over the same period. Reported Earnings • Nov 16
First quarter 2021 earnings released: EPS MU₨0.35 The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: MU₨16.4m (up 87% from 1Q 2020). Net income: MU₨9.63m (up 168% from 1Q 2020). Profit margin: 59% (up from 41% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Nov 10
Upcoming Dividend of MU₨1.00 Per Share Will be paid on the 11th of December to those who are registered shareholders by the 17th of November. The trailing yield of 3.5% is below the top quartile of Mauritian dividend payers (5.9%), and is lower than industry peers (5.2%). Is New 90 Day High Low • Nov 05
New 90-day low: MU₨31.75 The company is down 5.0% from its price of MU₨33.50 on 07 August 2020. The Mauritian market is down 4.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Capital Markets industry, which is down 8.0% over the same period. Reported Earnings • Oct 31
Full year earnings released - EPS MU₨3.74 Over the last 12 months the company has reported total profits of MU₨102.5m, up 5.0% from the prior year. Total revenue was MU₨132.9m over the last 12 months, up 9.3% from the prior year. Profit margins were 77%, which is lower than the 80% margin from last year. The decrease in margin was driven by higher expenses. 