RDC Properties（RDCP-EQU）株式概要RDCプロパティーズ・リミテッドは、ボツワナ、南アフリカ、クロアチア、ナミビア、モザンビーク、米国、ザンビア、マダガスカルで不動産投資・開発会社として事業を展開している。 詳細RDCP-EQU ファンダメンタル分析スノーフレーク・スコア評価3/6将来の成長0/6過去の実績3/6財務の健全性1/6配当金4/6報酬当社が推定した公正価値より47.9%で取引されている 過去1年間で収益は59.2%増加しました リスク分析利払いは収益で十分にカバーされない 過去5年間で収益は年間27.7%減少しました。 過去1年間で株主の希薄化が進んだ 財務結果に影響を与える大きな一時的項目 +1 さらなるリスクすべてのリスクチェックを見るRDCP-EQU Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair ValuePCurrent PriceP2.5716.8% 割高 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture02b2016201920222025202620282031Revenue P1.7bEarnings P558.5mAdvancedSet Fair ValueView all narrativesRDC Properties Limited 競合他社New African PropertiesSymbol: BSM:NAP-EQUMarket cap: P2.5bTurnstar HoldingsSymbol: BSM:TURN-EQUMarket cap: P1.2bFar PropertySymbol: BSM:FPC-EQUMarket cap: P880.4mLetlole La RonaSymbol: BSM:LLR-EQUMarket cap: P854.0m価格と性能株価の高値、安値、推移の概要RDC Properties過去の株価現在の株価P2.5752週高値P052週安値P0ベータ0.0401ヶ月の変化0.78%3ヶ月変化0.78%1年変化7.08%3年間の変化14.22%5年間の変化52.98%IPOからの変化939.36%最新ニュースお知らせ • May 14RDC Properties Limited, Annual General Meeting, Jun 11, 2026RDC Properties Limited, Annual General Meeting, Jun 11, 2026.お知らせ • Mar 22RDC Properties Limited announces Semi-Annual dividend, payable on April 28, 2026RDC Properties Limited announced Semi-Annual dividend of BWP 0.0464 per share payable on April 28, 2026, ex-date on April 14, 2026 and record date on April 16, 2026.お知らせ • Sep 19RDC Properties Limited announces Semi-Annual dividend, payable on October 30, 2025RDC Properties Limited announced Semi-Annual dividend of BWP 0.0439 per share payable on October 30, 2025, ex-date on October 17, 2025 and record date on October 21, 2025.お知らせ • Jun 21RDC Properties Limited Confirms the Appointment of Tshepiso Mganga and Lorato Mosetlhanyane as DirectorsRDC Properties Limited at the Annual General Meeting of Shareholders held on 19 June 2025 confirmed the appointment of Ms Tshepiso Mganga in place of the retiring directors in terms of Article 23.1 of the Constitution; confirmed the appointment of Ms Lorato Mosetlhanyane in place of the retiring directors in terms of Article 23.1 of the Constitution.お知らせ • Apr 02RDC Properties Limited announces Semi-Annual dividend, payable on April 28, 2025RDC Properties Limited announced Semi-Annual dividend of BWP 0.0508 per share payable on April 28, 2025, ex-date on April 14, 2025 and record date on April 16, 2025.お知らせ • Dec 05RDC Properties Limited, Annual General Meeting, May 23, 2025RDC Properties Limited, Annual General Meeting, May 23, 2025.最新情報をもっと見るRecent updatesお知らせ • May 14RDC Properties Limited, Annual General Meeting, Jun 11, 2026RDC Properties Limited, Annual General Meeting, Jun 11, 2026.お知らせ • Mar 22RDC Properties Limited announces Semi-Annual dividend, payable on April 28, 2026RDC Properties Limited announced Semi-Annual dividend of BWP 0.0464 per share payable on April 28, 2026, ex-date on April 14, 2026 and record date on April 16, 2026.お知らせ • Sep 19RDC Properties Limited announces Semi-Annual dividend, payable on October 30, 2025RDC Properties Limited announced Semi-Annual dividend of BWP 0.0439 per share payable on October 30, 2025, ex-date on October 17, 2025 and record date on October 21, 2025.お知らせ • Jun 21RDC Properties Limited Confirms the Appointment of Tshepiso Mganga and Lorato Mosetlhanyane as DirectorsRDC Properties Limited at the Annual General Meeting of Shareholders held on 19 June 2025 confirmed the appointment of Ms Tshepiso Mganga in place of the retiring directors in terms of Article 23.1 of the Constitution; confirmed the appointment of Ms Lorato Mosetlhanyane in place of the retiring directors in terms of Article 23.1 of the Constitution.お知らせ • Apr 02RDC Properties Limited announces Semi-Annual dividend, payable on April 28, 2025RDC Properties Limited announced Semi-Annual dividend of BWP 0.0508 per share payable on April 28, 2025, ex-date on April 14, 2025 and record date on April 16, 2025.お知らせ • Dec 05RDC Properties Limited, Annual General Meeting, May 23, 2025RDC Properties Limited, Annual General Meeting, May 23, 2025.Upcoming Dividend • Oct 08Upcoming dividend of P0.028 per shareEligible shareholders must have bought the stock before 15 October 2024. Payment date: 29 October 2024. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of Batswana dividend payers (9.0%). Lower than average of industry peers (6.5%).Declared Dividend • Sep 20First half dividend of P0.028 announcedShareholders will receive a dividend of P0.028. Ex-date: 15th October 2024 Payment date: 29th October 2024 Dividend yield will be 2.3%, which is lower than the industry average of 8.1%. Sustainability & Growth Dividend is well covered by both earnings (16% earnings payout ratio) and cash flows (14% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to decline by 82% to shift the payout ratio to a potentially unsustainable range, which is more than the 9.6% EPS decline seen over the last 5 years.New Risk • Sep 19New major risk - Revenue and earnings growthEarnings have declined by 13% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.3x net interest cover). Earnings have declined by 13% per year over the past 5 years. Minor Risk Large one-off items impacting financial results.お知らせ • May 25RDC Properties Limited Announces Board AppointmentsRDC Properties Limited announced that at the AGM was held on May 23, 2024, the company approved Andrew Bradley was elected as independent non-executive Chairman of the Company at the Company's Board Meeting held on 23 May 2024, moving from the role of lead independent non- executive director. Guido Giachetti has been appointed as Vice Chairman and will continue to carry out his executive responsibilities.お知らせ • Apr 28RDC Properties Limited, Annual General Meeting, May 23, 2024RDC Properties Limited, Annual General Meeting, May 23, 2024, at 07:00 Coordinated Universal Time. Agenda: To receive, consider and approve the Annual Report in respect of the year ended 31 December 2023; To receive, consider and adopt the Audited Financial Statements for the year ended 31 December 2023; To approve the distribution as recommended by the directors; To approve the payment of P1,421,000 for directors' emoluments for the year ended 31 December 2023; To elect Mr GM Fisher who retires by rotation in terms of Article 17.1 of the Constitution and, being eligible, offers himself for re-election.Upcoming Dividend • Apr 09Upcoming dividend of P0.026 per shareEligible shareholders must have bought the stock before 16 April 2024. Payment date: 30 April 2024. Payout ratio is a comfortable 47% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of Batswana dividend payers (9.0%). Lower than average of industry peers (6.7%).New Risk • Mar 12New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Batswana stocks, typically moving 1.9% 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 Interest payments are not well covered by earnings (1.3x net interest cover). Share price has been highly volatile over the past 3 months (1.9% average weekly change). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (18% net profit margin).Upcoming Dividend • Oct 10Upcoming dividend of P0.043 per shareEligible shareholders must have bought the stock before 17 October 2023. Payment date: 30 October 2023. The company last paid an ordinary dividend in May 2013. The average dividend yield among industry peers is 7.5%.Reported Earnings • Sep 26First half 2023 earnings released: EPS: P0.02 (vs P0.079 in 1H 2022)First half 2023 results: EPS: P0.02 (down from P0.079 in 1H 2022). Revenue: P275.4m (down 16% from 1H 2022). Net income: P15.0m (down 75% from 1H 2022). Profit margin: 5.4% (down from 18% in 1H 2022).お知らせ • Sep 22RDC Properties Limited Announces Interim Dividend, Payable on or Around 30 October 2023RDC Properties Limited announced that an interim dividend of 0.135 thebe per ordinary share and interest of 4.128 thebe per debenture has been declared on 20th September 2023. The distribution is 22% higher at BWP 32.3 million for the period as compared to the prior period. This dividend and interest will be payable on or around 30th October 2023 to those linked unit holders registered at the close of business on the 19th October 2023. The ex-dividend date is therefore 17th October 2023.お知らせ • Sep 10RDC Properties Limited Provides Earnings Guidance for the Six Months Ended June 30, 2023RDC Properties Limited provided earnings guidance for the six months ended June 30, 2023. For the period, the company expected the profit before tax to be approximately between 55% and 65% or BWP 41.6 million to BWP 50.7 million lower than the BWP 76.4 million reported for the period ended 30 June 2022.お知らせ • May 27RDC Properties Limited Announces Executive ChangesRDC Properties Limited announced the retirement of two of Independent Non-Executive Directors was formalised at the company's AGM on 24 May 2023, along with a new appointment. Bogolo Kenewendo did not put her name forward for re-election at the AGM due to constraints on her time because of her many international and local commitments. The Board sincerely thanked Ms Kenewendo for her valuable contribution during these transformative years of the company. Lesang Magang, having served on the RDC Board for an extended period, announced that he would not be putting his name forward for re-election at the AGM. The Board is sincerely grateful for Mr. Magang'sexceptional contribution, support and guidance over the last twenty years. Sithabile Mathe has been appointed as Independent Non-Executive Director. Ms Mathe has 23 years of post-graduate experience in the built environment, working with both design and implementation of projects. She qualified in Architecture in Glasgow, Scotland. In 2006, she established Moralo Designs, an Architectural Practice which now offers Urban Design, Architectural Desgn, Landscape Design, Interior Design and Project Management services. Ms Mathe is registered with 4 professional bodies. She is the former Chairperson of the Architect's Registration Council of Botswana, the former Chairperson of the Botswana Housing Corporation Board and the former Treasurer on the Architects Association of Botswana Executive Committee. She is also a former Council Member for the Commonwealth Association of Architects (CAA) asVice President Africa Region and the immediate past Chair of CAA Validation. A warm welcome is extended to Ms Mathe, who brings a new skillset to the Board of RDC. Following an evaluation of the five Board Committees at the end of 2022, it was agreed that the Property Committee would be incorporated within the Investment Committee, which has now taken place. The aforementioned changes to the Board have prompted changes to the composition of the four Committees, whose Chairs are confirmed as follows: Nicola Milne remains Chair of the Audit and Risk Committee. Andrew Bradley remains Chair of the combined Investment and Property Committee. Federica Giachetti has been appointed as Chair of the ESG Committee. Sithabile Mathe has been appointed as Chair of the Nomination and Remuneration Committee.Reported Earnings • Mar 28Full year 2022 earnings released: EPS: P0.19 (vs P0.85 in FY 2021)Full year 2022 results: EPS: P0.19 (down from P0.85 in FY 2021). Revenue: P525.5m (up 260% from FY 2021). Net income: P142.9m (down 78% from FY 2021). Profit margin: 27% (down from 440% in FY 2021). Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.Board Change • Nov 16High number of new directorsThere are 6 new directors who have joined the board in the last 3 years. Executive Director and CEO of Asset Management & Investments Marc Edwards 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 • Oct 07Upcoming dividend of P0.035 per shareEligible shareholders must have bought the stock before 14 October 2022. Payment date: 28 October 2022. Payout ratio is a comfortable 10% and this is well supported by cash flows. Trailing yield: 4.3%. Lower than top quartile of Batswana dividend payers (9.5%). Lower than average of industry peers (7.1%).お知らせ • Aug 26RDC Properties Limited to Report First Half, 2022 Results on Sep 23, 2022RDC Properties Limited announced that they will report first half, 2022 results on Sep 23, 2022Board Change • May 17High number of new directorsThere are 6 new directors who have joined the board in the last 3 years. Executive Director and CEO of Asset Management & Investments Marc Edwards 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.お知らせ • May 02RDC Properties Limited, Annual General Meeting, May 24, 2022RDC Properties Limited, Annual General Meeting, May 24, 2022, at 07:00 Coordinated Universal Time. Agenda: To receive, consider and approve the Annual Report in respect of the year ended 31 December 2021; to receive, consider and adopt the Audited Financial Statements for the year ended 31 December 2021; to approve the distribution as recommended by the directors; to approve the payment of for directors' emoluments (fees and expenses) for the year ended 31 December 2021; to elect Mr. G R Giachetti by rotation in terms of Article 17.1 of the Constitution and being eligible offers himself for re- election; to appoint Mr. M G Edwards in terms of Article 23.1 of the Constitution; and to consider any other matters.Upcoming Dividend • Apr 06Upcoming dividend of P0.067 per shareEligible shareholders must have bought the stock before 13 April 2022. Payment date: 27 April 2022. Payout ratio is a comfortable 5.6% but the company is not cash flow positive. Trailing yield: 4.2%. Lower than top quartile of Batswana dividend payers (9.1%). Lower than average of industry peers (7.0%).Valuation Update With 7 Day Price Move • Aug 21Investor sentiment improved over the past weekAfter last week's 26% share price gain to P2.12, the stock trades at a trailing P/E ratio of 27.9x. Average trailing P/E is 16x in the Real Estate industry in Africa. Total returns to shareholders of 36% over the past three years.お知らせ • May 28RDC Properties Limited (BSM:RDCP) agreed to acquire Tower Property Fund Limited (JSE:TWR) from Prescient Investment Management (Pty) Ltd., Allan Gray Limited, Bridge Fund Managers, and other for ZAR 1.3 billion.RDC Properties Limited (BSM:RDCP) made a non-binding expression of interest to acquire Tower Property Fund Limited (JSE:TWR) from Prescient Investment Management (Pty) Ltd., Allan Gray Limited, Bridge Fund Managers, and other for ZAR 1.3 billion on May 27, 2021. The consideration will comprise of a cash offer of ZAR 4.0 per share and the transaction will be effected through a scheme of arrangement. If the Scheme fails to become operative, a standby general offer will be made to acquire Tower shares for ZAR 4.0 per share which will be conditional on RDC receiving enough acceptances that RDC will obtain control of Tower. RDC intends to fund the transaction consideration of BWP 980 million (approximately ZAR 1.2 billion) using its own capital resources, funded by way of a combination of debt and equity, through additional long-term debt funding and a rights offer to RDC unit holders to raise up to BWP 730 million (approximately ZAR 945 million) of new equity. RDC has received written confirmation from a select number of existing unitholders that they will follow their rights and subscribe for additional RDC linked units in respect of 100% of the Potential Rights Offer. Tower will be delisted conditional on shareholders’ approval. RDC has engaged with key Tower shareholders and obtained a combination of irrevocable letters and in-principal support to vote in favour of all resolutions required to implement the Potential Transaction from 69% of Tower shareholders. Prescient Investment Management (Pty) Ltd., Allan Gray Limited, and Bridge Fund Managers representing 57.7% of the shareholding of Tower have entered into irrevocable letters to support the transaction. An Independent Board comprising of John Bester, Andrew Dalling, Athi Magwentshu, Nicola Milne, and Raven Naidoo has been formed by the Board of Directors of Tower to consider and engage with RDC regarding the transaction. Ferryman Capital Partners acted as corporate advisor; and Cliffe Dekker Hofmeyr acted as legal advisor to Tower. Investec Bank Limited acted as a corporate advisor; and Fluxmans and Neill Armstrong acted as legal advisors to RDC.Upcoming Dividend • Apr 07Upcoming dividend of P0.038 per shareEligible shareholders must have bought the stock before 14 April 2021. Payment date: 28 April 2021. Trailing yield: 6.1%. Lower than top quartile of Batswana dividend payers (8.8%). Lower than average of industry peers (7.7%).Is New 90 Day High Low • Oct 09New 90-day low: P2.15The company is down 4.0% from its price of P2.24 on 10 July 2020. The Batswana market is down 2.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Real Estate industry, which is down 5.0% over the same period.Upcoming Dividend • Oct 07Upcoming Dividend of P0.047 Per ShareWill be paid on the 28th of October to those who are registered shareholders by the 14th of October. The trailing yield of 5.8% is below the top quartile of Batswana dividend payers (8.0%), but is in line with industry peers (5.4%).株主還元RDCP-EQUBW Real EstateBW 市場7D0%0%0%1Y7.1%1.7%7.2%株主還元を見る業界別リターン: RDCP-EQU過去 1 年間で1.7 % の収益を上げたBW Real Estate業界を上回りました。リターン対市場: RDCP-EQUは、過去 1 年間で7.2 % のリターンをもたらしたBWマーケットと一致しました。価格変動Is RDCP-EQU's price volatile compared to industry and market?RDCP-EQU volatilityRDCP-EQU Average Weekly Movement0.8%Real Estate Industry Average Movement5.8%Market Average Movement0.3%10% most volatile stocks in BW Market2.3%10% least volatile stocks in BW Market0.06%安定した株価: RDCP-EQU 、 BW市場と比較して、過去 3 か月間で大きな価格変動はありませんでした。時間の経過による変動: RDCP-EQUの 週次ボラティリティ ( 1% ) は過去 1 年間安定しています。会社概要設立従業員CEO（最高経営責任者ウェブサイト1992n/aJacopo Pariwww.rdcbw.comRDC Properties Limitedは、ボツワナ、南アフリカ、クロアチア、ナミビア、モザンビーク、米国、ザンビア、マダガスカルで不動産投資・開発会社として事業を展開している。不動産賃貸サービスも提供している。オフィス、工業、小売、住宅、ホスピタリティ物件への投資と開発を行っている。不動産の賃貸も行っている。1992年に設立され、ボツワナのハボローネに本社を置く。もっと見るRDC Properties Limited 基礎のまとめRDC Properties の収益と売上を時価総額と比較するとどうか。RDCP-EQU 基礎統計学時価総額P2.44b収益（TTM）P209.89m売上高(TTM)P657.34m11.6xPER（株価収益率3.7xP/SレシオRDCP-EQU は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計RDCP-EQU 損益計算書（TTM）収益P657.34m売上原価P266.00m売上総利益P391.34mその他の費用P181.45m収益P209.89m直近の収益報告Dec 31, 2025次回決算日該当なし一株当たり利益（EPS）0.22グロス・マージン59.53%純利益率31.93%有利子負債／自己資本比率71.8%RDCP-EQU の長期的なパフォーマンスは？過去の実績と比較を見る配当金3.6%現在の配当利回り37%配当性向View Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/06/26 07:56終値2026/06/26 00:00収益2025/12/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレークこのレポートを生成するために使用した分析モデルの詳細は、当社の Github ページ でご覧いただけます。また、レポートの使い方に関する ガイド や YouTube の チュートリアル もご用意しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋RDC Properties Limited 0 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。0
お知らせ • May 14RDC Properties Limited, Annual General Meeting, Jun 11, 2026RDC Properties Limited, Annual General Meeting, Jun 11, 2026.
お知らせ • Mar 22RDC Properties Limited announces Semi-Annual dividend, payable on April 28, 2026RDC Properties Limited announced Semi-Annual dividend of BWP 0.0464 per share payable on April 28, 2026, ex-date on April 14, 2026 and record date on April 16, 2026.
お知らせ • Sep 19RDC Properties Limited announces Semi-Annual dividend, payable on October 30, 2025RDC Properties Limited announced Semi-Annual dividend of BWP 0.0439 per share payable on October 30, 2025, ex-date on October 17, 2025 and record date on October 21, 2025.
お知らせ • Jun 21RDC Properties Limited Confirms the Appointment of Tshepiso Mganga and Lorato Mosetlhanyane as DirectorsRDC Properties Limited at the Annual General Meeting of Shareholders held on 19 June 2025 confirmed the appointment of Ms Tshepiso Mganga in place of the retiring directors in terms of Article 23.1 of the Constitution; confirmed the appointment of Ms Lorato Mosetlhanyane in place of the retiring directors in terms of Article 23.1 of the Constitution.
お知らせ • Apr 02RDC Properties Limited announces Semi-Annual dividend, payable on April 28, 2025RDC Properties Limited announced Semi-Annual dividend of BWP 0.0508 per share payable on April 28, 2025, ex-date on April 14, 2025 and record date on April 16, 2025.
お知らせ • Dec 05RDC Properties Limited, Annual General Meeting, May 23, 2025RDC Properties Limited, Annual General Meeting, May 23, 2025.
お知らせ • May 14RDC Properties Limited, Annual General Meeting, Jun 11, 2026RDC Properties Limited, Annual General Meeting, Jun 11, 2026.
お知らせ • Mar 22RDC Properties Limited announces Semi-Annual dividend, payable on April 28, 2026RDC Properties Limited announced Semi-Annual dividend of BWP 0.0464 per share payable on April 28, 2026, ex-date on April 14, 2026 and record date on April 16, 2026.
お知らせ • Sep 19RDC Properties Limited announces Semi-Annual dividend, payable on October 30, 2025RDC Properties Limited announced Semi-Annual dividend of BWP 0.0439 per share payable on October 30, 2025, ex-date on October 17, 2025 and record date on October 21, 2025.
お知らせ • Jun 21RDC Properties Limited Confirms the Appointment of Tshepiso Mganga and Lorato Mosetlhanyane as DirectorsRDC Properties Limited at the Annual General Meeting of Shareholders held on 19 June 2025 confirmed the appointment of Ms Tshepiso Mganga in place of the retiring directors in terms of Article 23.1 of the Constitution; confirmed the appointment of Ms Lorato Mosetlhanyane in place of the retiring directors in terms of Article 23.1 of the Constitution.
お知らせ • Apr 02RDC Properties Limited announces Semi-Annual dividend, payable on April 28, 2025RDC Properties Limited announced Semi-Annual dividend of BWP 0.0508 per share payable on April 28, 2025, ex-date on April 14, 2025 and record date on April 16, 2025.
お知らせ • Dec 05RDC Properties Limited, Annual General Meeting, May 23, 2025RDC Properties Limited, Annual General Meeting, May 23, 2025.
Upcoming Dividend • Oct 08Upcoming dividend of P0.028 per shareEligible shareholders must have bought the stock before 15 October 2024. Payment date: 29 October 2024. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of Batswana dividend payers (9.0%). Lower than average of industry peers (6.5%).
Declared Dividend • Sep 20First half dividend of P0.028 announcedShareholders will receive a dividend of P0.028. Ex-date: 15th October 2024 Payment date: 29th October 2024 Dividend yield will be 2.3%, which is lower than the industry average of 8.1%. Sustainability & Growth Dividend is well covered by both earnings (16% earnings payout ratio) and cash flows (14% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to decline by 82% to shift the payout ratio to a potentially unsustainable range, which is more than the 9.6% EPS decline seen over the last 5 years.
New Risk • Sep 19New major risk - Revenue and earnings growthEarnings have declined by 13% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.3x net interest cover). Earnings have declined by 13% per year over the past 5 years. Minor Risk Large one-off items impacting financial results.
お知らせ • May 25RDC Properties Limited Announces Board AppointmentsRDC Properties Limited announced that at the AGM was held on May 23, 2024, the company approved Andrew Bradley was elected as independent non-executive Chairman of the Company at the Company's Board Meeting held on 23 May 2024, moving from the role of lead independent non- executive director. Guido Giachetti has been appointed as Vice Chairman and will continue to carry out his executive responsibilities.
お知らせ • Apr 28RDC Properties Limited, Annual General Meeting, May 23, 2024RDC Properties Limited, Annual General Meeting, May 23, 2024, at 07:00 Coordinated Universal Time. Agenda: To receive, consider and approve the Annual Report in respect of the year ended 31 December 2023; To receive, consider and adopt the Audited Financial Statements for the year ended 31 December 2023; To approve the distribution as recommended by the directors; To approve the payment of P1,421,000 for directors' emoluments for the year ended 31 December 2023; To elect Mr GM Fisher who retires by rotation in terms of Article 17.1 of the Constitution and, being eligible, offers himself for re-election.
Upcoming Dividend • Apr 09Upcoming dividend of P0.026 per shareEligible shareholders must have bought the stock before 16 April 2024. Payment date: 30 April 2024. Payout ratio is a comfortable 47% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of Batswana dividend payers (9.0%). Lower than average of industry peers (6.7%).
New Risk • Mar 12New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Batswana stocks, typically moving 1.9% 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 Interest payments are not well covered by earnings (1.3x net interest cover). Share price has been highly volatile over the past 3 months (1.9% average weekly change). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (18% net profit margin).
Upcoming Dividend • Oct 10Upcoming dividend of P0.043 per shareEligible shareholders must have bought the stock before 17 October 2023. Payment date: 30 October 2023. The company last paid an ordinary dividend in May 2013. The average dividend yield among industry peers is 7.5%.
Reported Earnings • Sep 26First half 2023 earnings released: EPS: P0.02 (vs P0.079 in 1H 2022)First half 2023 results: EPS: P0.02 (down from P0.079 in 1H 2022). Revenue: P275.4m (down 16% from 1H 2022). Net income: P15.0m (down 75% from 1H 2022). Profit margin: 5.4% (down from 18% in 1H 2022).
お知らせ • Sep 22RDC Properties Limited Announces Interim Dividend, Payable on or Around 30 October 2023RDC Properties Limited announced that an interim dividend of 0.135 thebe per ordinary share and interest of 4.128 thebe per debenture has been declared on 20th September 2023. The distribution is 22% higher at BWP 32.3 million for the period as compared to the prior period. This dividend and interest will be payable on or around 30th October 2023 to those linked unit holders registered at the close of business on the 19th October 2023. The ex-dividend date is therefore 17th October 2023.
お知らせ • Sep 10RDC Properties Limited Provides Earnings Guidance for the Six Months Ended June 30, 2023RDC Properties Limited provided earnings guidance for the six months ended June 30, 2023. For the period, the company expected the profit before tax to be approximately between 55% and 65% or BWP 41.6 million to BWP 50.7 million lower than the BWP 76.4 million reported for the period ended 30 June 2022.
お知らせ • May 27RDC Properties Limited Announces Executive ChangesRDC Properties Limited announced the retirement of two of Independent Non-Executive Directors was formalised at the company's AGM on 24 May 2023, along with a new appointment. Bogolo Kenewendo did not put her name forward for re-election at the AGM due to constraints on her time because of her many international and local commitments. The Board sincerely thanked Ms Kenewendo for her valuable contribution during these transformative years of the company. Lesang Magang, having served on the RDC Board for an extended period, announced that he would not be putting his name forward for re-election at the AGM. The Board is sincerely grateful for Mr. Magang'sexceptional contribution, support and guidance over the last twenty years. Sithabile Mathe has been appointed as Independent Non-Executive Director. Ms Mathe has 23 years of post-graduate experience in the built environment, working with both design and implementation of projects. She qualified in Architecture in Glasgow, Scotland. In 2006, she established Moralo Designs, an Architectural Practice which now offers Urban Design, Architectural Desgn, Landscape Design, Interior Design and Project Management services. Ms Mathe is registered with 4 professional bodies. She is the former Chairperson of the Architect's Registration Council of Botswana, the former Chairperson of the Botswana Housing Corporation Board and the former Treasurer on the Architects Association of Botswana Executive Committee. She is also a former Council Member for the Commonwealth Association of Architects (CAA) asVice President Africa Region and the immediate past Chair of CAA Validation. A warm welcome is extended to Ms Mathe, who brings a new skillset to the Board of RDC. Following an evaluation of the five Board Committees at the end of 2022, it was agreed that the Property Committee would be incorporated within the Investment Committee, which has now taken place. The aforementioned changes to the Board have prompted changes to the composition of the four Committees, whose Chairs are confirmed as follows: Nicola Milne remains Chair of the Audit and Risk Committee. Andrew Bradley remains Chair of the combined Investment and Property Committee. Federica Giachetti has been appointed as Chair of the ESG Committee. Sithabile Mathe has been appointed as Chair of the Nomination and Remuneration Committee.
Reported Earnings • Mar 28Full year 2022 earnings released: EPS: P0.19 (vs P0.85 in FY 2021)Full year 2022 results: EPS: P0.19 (down from P0.85 in FY 2021). Revenue: P525.5m (up 260% from FY 2021). Net income: P142.9m (down 78% from FY 2021). Profit margin: 27% (down from 440% in FY 2021). Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.
Board Change • Nov 16High number of new directorsThere are 6 new directors who have joined the board in the last 3 years. Executive Director and CEO of Asset Management & Investments Marc Edwards 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 • Oct 07Upcoming dividend of P0.035 per shareEligible shareholders must have bought the stock before 14 October 2022. Payment date: 28 October 2022. Payout ratio is a comfortable 10% and this is well supported by cash flows. Trailing yield: 4.3%. Lower than top quartile of Batswana dividend payers (9.5%). Lower than average of industry peers (7.1%).
お知らせ • Aug 26RDC Properties Limited to Report First Half, 2022 Results on Sep 23, 2022RDC Properties Limited announced that they will report first half, 2022 results on Sep 23, 2022
Board Change • May 17High number of new directorsThere are 6 new directors who have joined the board in the last 3 years. Executive Director and CEO of Asset Management & Investments Marc Edwards 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.
お知らせ • May 02RDC Properties Limited, Annual General Meeting, May 24, 2022RDC Properties Limited, Annual General Meeting, May 24, 2022, at 07:00 Coordinated Universal Time. Agenda: To receive, consider and approve the Annual Report in respect of the year ended 31 December 2021; to receive, consider and adopt the Audited Financial Statements for the year ended 31 December 2021; to approve the distribution as recommended by the directors; to approve the payment of for directors' emoluments (fees and expenses) for the year ended 31 December 2021; to elect Mr. G R Giachetti by rotation in terms of Article 17.1 of the Constitution and being eligible offers himself for re- election; to appoint Mr. M G Edwards in terms of Article 23.1 of the Constitution; and to consider any other matters.
Upcoming Dividend • Apr 06Upcoming dividend of P0.067 per shareEligible shareholders must have bought the stock before 13 April 2022. Payment date: 27 April 2022. Payout ratio is a comfortable 5.6% but the company is not cash flow positive. Trailing yield: 4.2%. Lower than top quartile of Batswana dividend payers (9.1%). Lower than average of industry peers (7.0%).
Valuation Update With 7 Day Price Move • Aug 21Investor sentiment improved over the past weekAfter last week's 26% share price gain to P2.12, the stock trades at a trailing P/E ratio of 27.9x. Average trailing P/E is 16x in the Real Estate industry in Africa. Total returns to shareholders of 36% over the past three years.
お知らせ • May 28RDC Properties Limited (BSM:RDCP) agreed to acquire Tower Property Fund Limited (JSE:TWR) from Prescient Investment Management (Pty) Ltd., Allan Gray Limited, Bridge Fund Managers, and other for ZAR 1.3 billion.RDC Properties Limited (BSM:RDCP) made a non-binding expression of interest to acquire Tower Property Fund Limited (JSE:TWR) from Prescient Investment Management (Pty) Ltd., Allan Gray Limited, Bridge Fund Managers, and other for ZAR 1.3 billion on May 27, 2021. The consideration will comprise of a cash offer of ZAR 4.0 per share and the transaction will be effected through a scheme of arrangement. If the Scheme fails to become operative, a standby general offer will be made to acquire Tower shares for ZAR 4.0 per share which will be conditional on RDC receiving enough acceptances that RDC will obtain control of Tower. RDC intends to fund the transaction consideration of BWP 980 million (approximately ZAR 1.2 billion) using its own capital resources, funded by way of a combination of debt and equity, through additional long-term debt funding and a rights offer to RDC unit holders to raise up to BWP 730 million (approximately ZAR 945 million) of new equity. RDC has received written confirmation from a select number of existing unitholders that they will follow their rights and subscribe for additional RDC linked units in respect of 100% of the Potential Rights Offer. Tower will be delisted conditional on shareholders’ approval. RDC has engaged with key Tower shareholders and obtained a combination of irrevocable letters and in-principal support to vote in favour of all resolutions required to implement the Potential Transaction from 69% of Tower shareholders. Prescient Investment Management (Pty) Ltd., Allan Gray Limited, and Bridge Fund Managers representing 57.7% of the shareholding of Tower have entered into irrevocable letters to support the transaction. An Independent Board comprising of John Bester, Andrew Dalling, Athi Magwentshu, Nicola Milne, and Raven Naidoo has been formed by the Board of Directors of Tower to consider and engage with RDC regarding the transaction. Ferryman Capital Partners acted as corporate advisor; and Cliffe Dekker Hofmeyr acted as legal advisor to Tower. Investec Bank Limited acted as a corporate advisor; and Fluxmans and Neill Armstrong acted as legal advisors to RDC.
Upcoming Dividend • Apr 07Upcoming dividend of P0.038 per shareEligible shareholders must have bought the stock before 14 April 2021. Payment date: 28 April 2021. Trailing yield: 6.1%. Lower than top quartile of Batswana dividend payers (8.8%). Lower than average of industry peers (7.7%).
Is New 90 Day High Low • Oct 09New 90-day low: P2.15The company is down 4.0% from its price of P2.24 on 10 July 2020. The Batswana market is down 2.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Real Estate industry, which is down 5.0% over the same period.
Upcoming Dividend • Oct 07Upcoming Dividend of P0.047 Per ShareWill be paid on the 28th of October to those who are registered shareholders by the 14th of October. The trailing yield of 5.8% is below the top quartile of Batswana dividend payers (8.0%), but is in line with industry peers (5.4%).
