Annonce • Sep 15
FirstRand Namibia Limited, Annual General Meeting, Oct 17, 2025 FirstRand Namibia Limited, Annual General Meeting, Oct 17, 2025. Annonce • Dec 21
Firstrand Namibia Ltd Announces Resignation of Rajendra Makanjee as A Director, Effective December 31, 2024 FirstRand Namibia Ltd. announced that the Mr. Rajendra Makanjee has resigned as a Director of the Company with effect from 31 December 2024. Mr. Makanjee has served as a director of the Company since August 2022. Annonce • Oct 05
Firstrand Namibia Limited and First National Bank of Namibia Announce Board Changes, Effective 17 October 2024 FirstRand Namibia Limited's Shareholders are advised of the upcoming retirement of Peter Grüttemeyer from the boards of FirstRand Namibia Ltd. and First National Bank of Namibia effective 17 October 2024. Following a due succession process to ensure continued effective performance through seamless leadership continuity, Otto Nakasole Shikongo will take over the reins as the Chairperson of Board of Directors effective 17 October 2024. Shikongo, has served on the Board since 1 February 2023. Shikongo currently holds the position of Deputy Chairperson and non-executive director in the Company. Having served on several boards, Shikongo is an experienced and accomplished leader with a successful track record who brings invaluable experience that reinforces the Group's commitment to achieving its strategic objectives and upholding excellence. Upcoming Dividend • Sep 30
Upcoming dividend of N$1.80 per share Eligible shareholders must have bought the stock before 07 October 2024. Payment date: 25 October 2024. Payout ratio is a comfortable 55% but the company is paying out more than the cash it is generating. Trailing yield: 7.6%. Lower than top quartile of Namibian dividend payers (10%). Higher than average of industry peers (4.9%). Annonce • Sep 16
FirstRand Namibia Limited, Annual General Meeting, Oct 17, 2024 FirstRand Namibia Limited, Annual General Meeting, Oct 17, 2024. Location: etosha boardroom, firstrand namibia ltd, 5th floor, @parkside, 130 independence avenue, c/o fidel castro, windhoek., Namibia Declared Dividend • Sep 15
Final dividend of N$1.80 announced Shareholders will receive a dividend of N$1.80. Ex-date: 7th October 2024 Payment date: 25th October 2024 Dividend yield will be 7.6%, which is higher than the industry average of 4.8%. Sustainability & Growth The dividend has increased by an average of 16% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 3.3% to bring the payout ratio under control, which is less than the 9.4% EPS growth achieved over the last 5 years. Reported Earnings • Sep 13
Full year 2024 earnings released: EPS: N$6.37 (vs N$5.88 in FY 2023) Full year 2024 results: EPS: N$6.37 (up from N$5.88 in FY 2023). Revenue: N$5.12b (up 7.9% from FY 2023). Net income: N$1.70b (up 9.4% from FY 2023). Profit margin: 33% (in line with FY 2023). Over the last 3 years on average, earnings per share has increased by 16% per year and the company’s share price has also increased by 16% per year. Annonce • Sep 13
Firstrand Namibia Limited Announces Final Ordinary Dividend for the Year Ended 30 June 2024, Payable on 25 October 2024 FirstRand Namibia Limited announced that a final ordinary dividend (number 62) for the year ended 30 June 2024 of 180.16 cents per share was declared on 22 August 2024. The last day to trade shares on a cum dividend basis will be on 4 October 2024 and the first day to trade ex-dividend will be 7 October 2024. The record date will be 11 October 2024 and the payment date 25 October 2024. Annonce • Aug 23
FirstRand Namibia Limited to Report Fiscal Year 2024 Results on Sep 12, 2024 FirstRand Namibia Limited announced that they will report fiscal year 2024 results on Sep 12, 2024 Annonce • Jul 16
Firstrand Namibia Limited and First National Bank of Namibia Limited Announces the Appointment of Samantha Lee Balsdon as A Non-Executive Director FirstRand Namibia Limited announced the appointment of Samantha Lee Balsdon as a non-executive director of the Company and First National Bank of Namibia Limited effective 15 July 2024. Recent Insider Transactions • Jun 25
CEO & Director recently bought R243k worth of stock On the 20th of June, Conrad Dempsey bought around 5k shares on-market at roughly R47.48 per share. This transaction amounted to 11% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth R333k. This was Conrad's only on-market trade for the last 12 months. Recent Insider Transactions • May 29
Independent Chairman recently bought R333k worth of stock On the 24th of May, Peter Gruttemeyer bought around 7k shares on-market at roughly R47.24 per share. This transaction amounted to 6.2% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Peter has been a buyer over the last 12 months, purchasing a net total of R676k worth in shares. New Risk • Apr 01
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Shares are highly illiquid. Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Dividend is not well covered by earnings (98% payout ratio). Upcoming Dividend • Mar 21
Upcoming dividend of N$1.74 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 19 April 2024. Payout ratio is on the higher end at 98% but the company is not cash flow positive. Trailing yield: 12%. Within top quartile of Namibian dividend payers (12%). Higher than average of industry peers (5.5%). Declared Dividend • Mar 04
Final dividend of N$1.74 announced Shareholders will receive a dividend of N$1.74. Ex-date: 28th March 2024 Payment date: 19th April 2024 Dividend yield will be 11%, which is higher than the industry average of 4.8%. Sustainability & Growth The dividend has increased by an average of 18% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 9.2% to bring the payout ratio under control, which is more than the 8.1% EPS growth achieved over the last 5 years. Board Change • Jan 09
High number of new directors There are 7 new directors who have joined the board in the last 3 years. CFO & Executive Director Lizette Smit was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Annonce • Oct 22
FirstRand Namibia Limited Appoints Otto Nakasole Shikongo as Deputy Chairperson of the Board FirstRand Namibia Limited advised that Otto Nakasole Shikongo, an independent non-executive director of the company, is appointed as DeputyChairperson of the Board effective 19 October 2023. Upcoming Dividend • Oct 02
Upcoming dividend of N$3.68 per share at 12% yield Eligible shareholders must have bought the stock before 09 October 2023. Payment date: 27 October 2023. Payout ratio is on the higher end at 98% but the company is not cash flow positive. Trailing yield: 12%. Within top quartile of Namibian dividend payers (12%). Higher than average of industry peers (5.7%). Board Change • Sep 30
High number of new and inexperienced directors There are 8 new directors who have joined the board in the last 3 years. The company's board is composed of: 8 new directors. 2 experienced directors. No highly experienced directors. Non-Executive Director I-Ben Nashandi is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Sep 20
Full year 2023 earnings released: EPS: N$5.88 (vs N$4.83 in FY 2022) Full year 2023 results: EPS: N$5.88 (up from N$4.83 in FY 2022). Revenue: N$4.75b (up 14% from FY 2022). Net income: N$1.56b (up 23% from FY 2022). Profit margin: 33% (up from 31% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 25% per year whereas the company’s share price has increased by 28% per year. Annonce • Aug 25
FirstRand Namibia Limited Provides Group Earnings Guidance for the Year Ended 30 June 2023 FirstRand Namibia Limited provided group earnings guidance for the year ended 30 June 2023. The group's earnings for the year ended 30 June 2023 are expected to be materially higher than the comparative period by between 15% to 25%. Annonce • Jul 26
FirstRand Namibia Limited and First National Bank of Namibia Limited Appoints Lizette Petra Smit as Executive Director FirstRand Namibia Limited informed the appointment of Lizette Petra Smit as an executive director of the Company and First National Bank of Namibia Limited effective 24 July 2023. Recent Insider Transactions • Jul 07
Independent Chairman recently bought R303k worth of stock On the 30th of June, Peter Gruttemeyer bought around 6k shares on-market at roughly R50.45 per share. This transaction amounted to 6.0% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Peter's only on-market trade for the last 12 months. Valuation Update With 7 Day Price Move • Jun 26
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to R47.51, the stock trades at a trailing P/E ratio of 8.4x. Average forward P/E is 6x in the Banks industry in Africa. Total returns to shareholders of 117% over the past three years. Upcoming Dividend • Mar 21
Upcoming dividend of N$3.97 per share at 16% yield Eligible shareholders must have bought the stock before 27 March 2023. Payment date: 21 April 2023. Payout ratio is on the higher end at 94%, and the cash payout ratio is above 100%. Trailing yield: 16%. Within top quartile of Namibian dividend payers (14%). Higher than average of industry peers (6.1%). Board Change • Jan 05
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Non-Executive Director Rajendra Makanjee was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Board Change • Nov 25
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Non-Executive Director Rajendra Makanjee was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Board Change • Sep 29
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Non-Executive Director Rajendra Makanjee was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Sep 26
Upcoming dividend of N$3.20 per share Eligible shareholders must have bought the stock before 03 October 2022. Payment date: 21 October 2022. Payout ratio and cash payout ratio are on the higher end at 98% and 99% respectively. Trailing yield: 21%. Within top quartile of Namibian dividend payers (10%). Higher than average of industry peers (6.1%). Reported Earnings • Sep 17
Full year 2022 earnings released: EPS: N$4.83 (vs N$3.91 in FY 2021) Full year 2022 results: EPS: N$4.83 (up from N$3.91 in FY 2021). Revenue: N$4.15b (up 13% from FY 2021). Net income: N$1.27b (up 24% from FY 2021). Profit margin: 31% (up from 28% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Upcoming Dividend • Mar 28
Upcoming dividend of N$1.53 per share Eligible shareholders must have bought the stock before 04 April 2022. Payment date: 22 April 2022. Payout ratio is a comfortable 66% and this is well supported by cash flows. Trailing yield: 10%. Within top quartile of Namibian dividend payers (10%). Higher than average of industry peers (4.9%). Upcoming Dividend • Sep 20
Upcoming dividend of N$1.18 per share Eligible shareholders must have bought the stock before 27 September 2021. Payment date: 15 October 2021. Trailing yield: 7.1%. Lower than top quartile of Namibian dividend payers (9.9%). Higher than average of industry peers (4.0%). Reported Earnings • Sep 12
Full year 2021 earnings released: EPS N$3.91 (vs N$3.13 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: N$3.66b (up 6.2% from FY 2020). Net income: N$1.02b (up 25% from FY 2020). Profit margin: 28% (up from 24% in FY 2020). Cost-to-income ratio: 54.6% (up from 52.6% in FY 2020). Non-performing loans: 5.21% (up from 4.38% in FY 2020). Over the last 3 years on average, earnings per share has fallen by 8% per year whereas the company’s share price has fallen by 12% per year. Upcoming Dividend • Apr 05
Upcoming dividend of N$0.94 per share Eligible shareholders must have bought the stock before 12 April 2021. Payment date: 30 April 2021. Trailing yield: 6.4%. Lower than top quartile of Namibian dividend payers (7.5%). Higher than average of industry peers (4.2%). Reported Earnings • Mar 08
First half 2021 earnings released: EPS N$2.13 (vs N$2.37 in 1H 2020) The company reported a poor first half result with weaker earnings, revenues and profit margins. First half 2021 results: Revenue: N$1.83b (down 7.1% from 1H 2020). Net income: N$557.8m (down 9.9% from 1H 2020). Profit margin: 30% (down from 31% in 1H 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has fallen by 21% per year, which means it is performing significantly worse than earnings.