Annonce • May 31
Trustco Group Holdings Limited to Report First Half, 2024 Results on May 31, 2024 Trustco Group Holdings Limited announced that they will report first half, 2024 results on May 31, 2024 New Risk • Apr 10
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: R75.3m (US$4.08m) 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 Share price has been highly volatile over the past 3 months (92% average daily change). Earnings have declined by 27% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (R75.3m market cap, or US$4.08m). New Risk • Mar 04
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: R47.1m (US$2.47m) 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 Share price has been highly volatile over the past 3 months (35% average weekly change). Earnings have declined by 27% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (R47.1m market cap, or US$2.47m). Annonce • Jan 17
Trustco Group Holdings Limited (NMSE:TUC) agreed to acquire 11.35% stake in Legal Shield Holdings (Proprietary) Limited from Riskowitz Value Fund managed by Riskowitz Capital Management LLC. Trustco Group Holdings Limited (NMSE:TUC) agreed to acquire 11.35% stake in Legal Shield Holdings (Proprietary) Limited from Riskowitz Value Fund managed by Riskowitz Capital Management LLC on January 16, 2024. Prior to the transaction, Trustco Group Holdings Limited (NMSE:TUC) held 80%. Annonce • Dec 18
Trustco Group Holdings Limited, Annual General Meeting, Feb 01, 2024 Trustco Group Holdings Limited, Annual General Meeting, Feb 01, 2024, at 10:00 Coordinated Universal Time. Location: Trustco House, 2 Keller Street Windhoek Namibia New Risk • Dec 17
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended February 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 Risks Share price has been highly volatile over the past 3 months (55% average weekly change). Earnings have declined by 7.5% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported February 2023 fiscal period end). Market cap is less than US$100m (R423.9m market cap, or US$23.2m). Annonce • Dec 13
Trustco Group Holdings Limited to Report Fiscal Year 2023 Results on Dec 13, 2023 Trustco Group Holdings Limited announced that they will report fiscal year 2023 results on Dec 13, 2023 Annonce • Jun 03
Finbond Group Limited (JSE:FGL) entered into an agreement to acquire 49% stake in Trustco Finance (Pty) Ltd. from Trustco Group Holdings Limited (NMSE:TUC) for R$60 million. Finbond Group Limited (JSE:FGL) entered into an agreement to acquire 49% stake in Trustco Finance (Pty) Ltd. from Trustco Group Holdings Limited (NMSE:TUC) for R$60 million on June 2, 2023. The salient terms of the Transaction are as follows: The purchase consideration payable by Finbond will be R60 million for 49% of the shares in Trustco Finance. 50% of the purchase consideration set out above will be payable in cash on the signature of the definitive agreement on or before 31 July 2023. The remaining 50% of the purchase consideration will be payable when the Balance Sheet of Trustco Finance as at 31 August 2023 has been restructured to simplify the structure of Trustco Finance and to reflect the intention of the parties and has been audited without any qualification or modification. The anticipated effective date of the Transaction will be 1 August 2023. The Transaction remains subject to the following conditions precedent: Finbond’s Board and Investment Committee Approval; Trustco Finance’s Board and Investment Committee approval; All regulatory approval as required; and Finalisation of a satisfactory due diligence investigation. Reported Earnings • Jun 02
First half 2023 earnings released First half 2023 results: Net loss: N$250.0m (down 143% from profit in 1H 2022). Reported Earnings • Jun 30
First half 2022 earnings released First half 2022 results: Net income: (up N$208.5m from 1H 2021). Reported Earnings • Feb 02
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: N$0.61 loss per share (down from N$0.13 loss in FY 2020). Revenue: N$163.8m (down 61% from FY 2020). Net loss: N$951.2m (loss widened 436% from FY 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 21 percentage points per year, which is a significant difference in performance. Annonce • Feb 01
Trustco Group Holdings Limited, Annual General Meeting, Mar 17, 2022 Trustco Group Holdings Limited, Annual General Meeting, Mar 17, 2022, at 10:00 Coordinated Universal Time. Location: Trustco House, 2 Keller Street Windhoek Namibia Recent Insider Transactions • Sep 03
Insider recently bought R74k worth of stock On the 30th of August, Janene Heever bought around 43k shares on-market at roughly R1.69 per share. In the last 3 months, they made an even bigger purchase worth R125k. Insiders have collectively bought R248k more in shares than they have sold in the last 12 months. Reported Earnings • Jul 04
First half 2021 earnings released: N$0.13 loss per share (vs N$0.074 loss in 1H 2020) The company reported a solid first half result with improved revenues and control over costs, although losses increased. First half 2021 results: Revenue: N$304.0m (up 326% from 1H 2020). Net loss: N$208.5m (loss widened 106% from 1H 2020). Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has fallen by 44% per year, which means it is performing significantly worse than earnings. Annonce • Feb 27
Trustco Group Holdings Limited, Annual General Meeting, Apr 29, 2021 Trustco Group Holdings Limited, Annual General Meeting, Apr 29, 2021, at 08:00 Coordinated Universal Time. Location: Trustco House, 2 Keller Street Windhoek Namibia Is New 90 Day High Low • Feb 26
New 90-day low: R2.16 The company is down 24% from its price of R2.85 on 27 November 2020. The Namibian market is down 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Diversified Financial industry, which is up 5.0% over the same period. Is New 90 Day High Low • Feb 09
New 90-day low: R2.63 The company is down 12% from its price of R3.00 on 11 November 2020. The Namibian market is down 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Diversified Financial industry, which is up 7.0% over the same period. Annonce • Jan 30
Trustco Group Holdings Limited to Report Fiscal Year 2020 Results on Feb 28, 2021 Trustco Group Holdings Limited announced that they will report fiscal year 2020 results on Feb 28, 2021 Valuation Update With 7 Day Price Move • Jan 18
Investor sentiment improved over the past week After last week's 16% share price gain to N$3.85, the stock is trading at a trailing P/E ratio of 6.9x, up from the previous P/E ratio of 5.9x. This compares to an average P/E of 10x in the Diversified Financial industry in Africa. Total return to shareholders over the past three years is a loss of 57%. Valuation Update With 7 Day Price Move • Jan 07
Investor sentiment deteriorated over the past week After last week's 21% share price decline to N$3.32, the stock is trading at a trailing P/E ratio of 5.9x, down from the previous P/E ratio of 7.5x. This compares to an average P/E of 10x in the Diversified Financial industry in Africa. Total return to shareholders over the past three years is a loss of 65%. Valuation Update With 7 Day Price Move • Dec 29
Investor sentiment improved over the past week After last week's 24% share price gain to N$4.20, the stock is trading at a trailing P/E ratio of 7.5x, up from the previous P/E ratio of 6.1x. This compares to an average P/E of 11x in the Diversified Financial industry in Africa. Total return to shareholders over the past three years is a loss of 53%. Is New 90 Day High Low • Dec 23
New 90-day high: R4.20 The company is up 32% from its price of R3.19 on 23 September 2020. The Namibian market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Diversified Financial industry, which is up 19% over the same period. Valuation Update With 7 Day Price Move • Dec 02
Market bids up stock over the past week After last week's 34% share price gain to N$4.00, the stock is trading at a trailing P/E ratio of 7.1x, up from the previous P/E ratio of 5.3x. This compares to an average P/E of 12x in the Diversified Financial industry in Africa. Total return to shareholders over the past three years is a loss of 46%. Is New 90 Day High Low • Dec 02
New 90-day high: R4.00 The company is up 18% from its price of R3.40 on 03 September 2020. The Namibian market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Diversified Financial industry, which is up 16% over the same period. Valuation Update With 7 Day Price Move • Oct 27
Market pulls back on stock over the past week After last week's 19% share price decline to N$2.68, the stock is trading at a trailing P/E ratio of 2x, down from the previous P/E ratio of 2.5x. This compares to an average P/E of 13x in the Diversified Financial industry in Africa. Total return to shareholders over the past three years is a loss of 43%. Is New 90 Day High Low • Oct 22
New 90-day low: R2.65 The company is down 38% from its price of R4.30 on 24 July 2020. The Namibian market is down 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Diversified Financial industry, which is flat over the same period. Is New 90 Day High Low • Oct 01
New 90-day low: R3.15 The company is down 10.0% from its price of R3.50 on 03 July 2020. The Namibian market is down 12% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Diversified Financial industry, which is up 1.0% over the same period. Annonce • Jul 17
Trustco Group Holdings Limited to Report Fiscal Year 2020 Results on Sep 30, 2020 Trustco Group Holdings Limited announced that they will report fiscal year 2020 results on Sep 30, 2020