Declared Dividend • May 20
Dividend of MU₨0.32 announced Dividend of MU₨0.32 is the same as last year. Ex-date: 26th May 2026 Payment date: 12th June 2026 Dividend yield will be 5.6%, which is higher than the industry average of 2.8%. Sustainability & Growth Dividend is covered by earnings (50% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 11% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 46% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Upcoming Dividend • May 20
Upcoming dividend of MU₨0.32 per share Eligible shareholders must have bought the stock before 26 May 2026. Payment date: 12 June 2026. Payout ratio is a comfortable 50% but the company is not cash flow positive. Trailing yield: 5.6%. Lower than top quartile of Mauritian dividend payers (6.5%). Higher than average of industry peers (4.5%). Board Change • May 20
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Director Lee Min, Jenny Chen was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Aankondiging • Jan 23
CIM Financial Services Ltd, Annual General Meeting, Feb 11, 2026 CIM Financial Services Ltd, Annual General Meeting, Feb 11, 2026, at 16:00 Arabian Standard Time. Location: the oberoi beach resort, turtle bay, pointe aux piments, Mauritius Aankondiging • Jan 27
CIM Financial Services Ltd, Annual General Meeting, Feb 13, 2025 CIM Financial Services Ltd, Annual General Meeting, Feb 13, 2025, at 15:00 Arabian Standard Time. Location: the oberoi beach resort, turtle bay, pointe aux piments, Mauritius New Risk • Aug 16
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Mauritian stocks, typically moving 3.4% a week. This is considered a minor risk. Share price volatility indicates 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. It also 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. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (3.4% average weekly change). New Risk • Jun 06
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Mauritian stocks, typically moving 4.3% a week. This is considered a minor risk. Share price volatility indicates 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. It also 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. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (4.3% average weekly change). Declared Dividend • May 17
Dividend increased to MU₨0.21 Dividend of MU₨0.21 is 17% higher than last year. Ex-date: 30th May 2024 Payment date: 18th June 2024 Dividend yield will be 5.6%, which is higher than the industry average of 2.8%. Sustainability & Growth Dividend is covered by earnings (38% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 9.8% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 30% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Upcoming Dividend • Jan 02
Upcoming dividend of MU₨0.38 per share at 5.2% yield Eligible shareholders must have bought the stock before 09 January 2024. Payment date: 26 January 2024. Trailing yield: 5.2%. Lower than top quartile of Mauritian dividend payers (5.8%). Higher than average of industry peers (2.8%). Reported Earnings • Aug 11
Third quarter 2023 earnings released: EPS: MU₨0.43 (vs MU₨0.28 in 3Q 2022) Third quarter 2023 results: EPS: MU₨0.43 (up from MU₨0.28 in 3Q 2022). Revenue: MU₨718.3m (up 29% from 3Q 2022). Net income: MU₨296.2m (up 58% from 3Q 2022). Profit margin: 41% (up from 34% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • May 19
Upcoming dividend of MU₨0.18 per share at 4.2% yield Eligible shareholders must have bought the stock before 26 May 2023. Payment date: 14 June 2023. Payout ratio is a comfortable 35% but the company is not cash flow positive. Trailing yield: 4.2%. Lower than top quartile of Mauritian dividend payers (6.2%). Higher than average of industry peers (2.7%). Board Change • Mar 03
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 6 non-independent directors. Independent Director Denis Motet was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Jan 04
Upcoming dividend of MU₨0.24 per share Eligible shareholders must have bought the stock before 11 January 2023. Payment date: 30 January 2023. Trailing yield: 3.3%. Lower than top quartile of Mauritian dividend payers (4.9%). Higher than average of industry peers (2.6%). Reported Earnings • Aug 15
Third quarter 2022 earnings released: EPS: MU₨0.28 (vs MU₨0.17 in 3Q 2021) Third quarter 2022 results: EPS: MU₨0.28 (up from MU₨0.17 in 3Q 2021). Revenue: MU₨557.5m (up 26% from 3Q 2021). Net income: MU₨187.0m (up 63% from 3Q 2021). Profit margin: 34% (up from 26% in 3Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Aankondiging • Jul 22
Swan General Ltd (MUSE:SWAN.N0000) acquired Cim Forex Ltd from CIM Financial Services Ltd (MUSE:CIM.N0000). Swan General Ltd (MUSE:SWAN.N0000) acquired Cim Forex Ltd from CIM Financial Services Ltd (MUSE:CIM.N0000) on July 21, 2022. Transaction is approved by regulatory authority.
Swan General Ltd (MUSE:SWAN.N0000) completed the acquisition of Cim Forex Ltd from CIM Financial Services Ltd (MUSE:CIM.N0000) on July 21, 2022. Upcoming Dividend • Jun 21
Upcoming dividend of MU₨0.11 per share Eligible shareholders must have bought the stock before 28 June 2022. Payment date: 14 July 2022. Payout ratio is a comfortable 43% but the company is not cash flow positive. Trailing yield: 3.2%. Lower than top quartile of Mauritian dividend payers (3.9%). Higher than average of industry peers (2.1%). Aankondiging • Jun 12
Cim Financial Services Ltd Declares Interim Dividend for the Financial Year Ending September 30, 2022, Payable on July 14, 2022 The Board of Directors of CIM Financial Services Ltd. has declared an interim dividend of MUR 0.11 per share payable in respect of all the ordinary shares of the Company. This dividend is in respect of the financial year ending September 30, 2022 and will be payable in full to all the shareholders of the Company registered at close of business on June 30, 2022. The payment of this dividend will take place on or about July 14, 2022. The shares of the Company will be traded cum-dividend on the Stock Exchange up to the market day of June 27, 2022 and ex-dividend as from June 28, 2022. Reported Earnings • Jan 22
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: MU₨0.61 (up from MU₨0.28 in FY 2020). Revenue: MU₨1.96b (up 25% from FY 2020). Net income: MU₨417.1m (up 119% from FY 2020). Profit margin: 21% (up from 12% in FY 2020). 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 fallen by 2% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Upcoming Dividend • Dec 21
Upcoming dividend of MU₨0.20 per share Eligible shareholders must have bought the stock before 28 December 2021. Payment date: 14 January 2022. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 4.3%. Within top quartile of Mauritian dividend payers (3.4%). Higher than average of industry peers (2.2%). Aankondiging • Dec 18
CIM Financial Services Ltd (MUSE:CIM.N0000) signed an agreement to acquire Tsusho Capital (Mauritius) Limited from CFAO SA. CIM Financial Services Ltd (MUSE:CIM.N0000) signed an agreement to acquire Tsusho Capital (Mauritius) Limited from CFAO SA on December 16, 2021. The transaction is subject to regulatory approval. Valuation Update With 7 Day Price Move • Nov 29
Investor sentiment deteriorated over the past week After last week's 16% share price decline to MU₨8.00, the stock trades at a trailing P/E ratio of 15.9x. Average trailing P/E is 18x in the Diversified Financial industry in Mauritius. Total returns to shareholders of 46% over the past three years. Upcoming Dividend • Jul 16
Upcoming dividend of MU₨0.10 per share Eligible shareholders must have bought the stock before 23 July 2021. Payment date: 12 August 2021. Trailing yield: 2.5%. Lower than top quartile of Mauritian dividend payers (3.7%). Lower than average of industry peers (3.6%). Is New 90 Day High Low • Feb 24
New 90-day high: MU₨6.80 The company is up 11% from its price of MU₨6.10 on 26 November 2020. The Mauritian market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Diversified Financial industry, which is flat over the same period. Reported Earnings • Feb 12
First quarter 2021 earnings released: EPS MU₨0.12 (vs MU₨0.13 in 1Q 2020) The company reported a soft first quarter result with weaker earnings and revenues, although profit margins were improved. First quarter 2021 results: Revenue: MU₨407.4m (down 20% from 1Q 2020). Net income: MU₨83.4m (down 8.0% from 1Q 2020). Profit margin: 21% (up from 18% in 1Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has fallen by 12% per year, which means it is performing significantly worse than earnings. Is New 90 Day High Low • Feb 06
New 90-day high: MU₨6.72 The company is up 12% from its price of MU₨6.02 on 06 November 2020. The Mauritian market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Diversified Financial industry, which is up 1.0% over the same period. Is New 90 Day High Low • Jan 16
New 90-day high: MU₨6.58 The company is up 9.0% from its price of MU₨6.04 on 16 October 2020. The Mauritian market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Diversified Financial industry, which is up 1.0% over the same period. Reported Earnings • Dec 30
Full year 2020 earnings released: EPS MU₨0.28 The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: MU₨1.43b (down 12% from FY 2019). Net income: MU₨190.8m (down 48% from FY 2019). Profit margin: 13% (down from 23% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Dec 30
New 90-day high: MU₨6.42 The company is up 6.0% from its price of MU₨6.06 on 01 October 2020. The Mauritian 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 1.0% over the same period. Is New 90 Day High Low • Dec 09
New 90-day high: MU₨6.22 The company is up 2.0% from its price of MU₨6.08 on 10 September 2020. The Mauritian market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Diversified Financial industry, which is flat over the same period.