Announcement • Feb 27
Primetime Property Holdings Limited, Annual General Meeting, Feb 25, 2026 Primetime Property Holdings Limited, Annual General Meeting, Feb 25, 2026. Announcement • Mar 30
Primetime Property Holdings Limited announces Semi-Annual dividend, payable on April 25, 2025 Primetime Property Holdings Limited announced Semi-Annual dividend of BWP 0.0267 per share payable on April 25, 2025, ex-date on April 11, 2025 and record date on April 15, 2025. Announcement • Feb 06
Primetime Property Holdings Limited, Annual General Meeting, Feb 26, 2025 Primetime Property Holdings Limited, Annual General Meeting, Feb 26, 2025. Location: aquarian tide hotel, plot 32085, block 10, gaborone Botswana Declared Dividend • Aug 11
First half dividend of P0.042 announced Shareholders will receive a dividend of P0.042. Ex-date: 22nd August 2024 Payment date: 30th August 2024 Dividend yield will be 5.3%, which is lower than the industry average of 8.1%. Sustainability & Growth Dividend is well covered by both earnings (21% earnings payout ratio) and cash flows (22% 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 77% to shift the payout ratio to a potentially unsustainable range, which is more than the 4.8% EPS decline seen over the last 5 years. Announcement • Aug 10
Primetime Property Holdings Limited announces Semi-Annual dividend, payable on August 30, 2024 Primetime Property Holdings Limited announced Semi-Annual dividend of BWP 0.0421 per share payable on August 30, 2024, ex-date on August 22, 2024 and record date on August 26, 2024. New Risk • Jun 01
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 Batswana stocks, typically moving 1.3% 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 (1.9x net interest cover). Share price has been highly volatile over the past 3 months (1.3% average weekly change). Earnings have declined by 6.9% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Market cap is less than US$100m (P404.1m market cap, or US$29.5m). Declared Dividend • Mar 08
Final dividend of P0.043 announced Shareholders will receive a dividend of P0.043. Ex-date: 15th March 2024 Payment date: 27th March 2024 Dividend yield will be 6.0%, which is lower than the industry average of 8.1%. Sustainability & Growth Dividend is well covered by both earnings (32% earnings payout ratio) and cash flows (22% 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 64% to shift the payout ratio to a potentially unsustainable range, which is more than the 7.0% EPS decline seen over the last 5 years. Announcement • Feb 25
Primetime Property Holdings Limited Approves Final Interest Payment, Payable on or Around 31 March 2024 Primetime Property Holdings Limited at its AGM held on 21 February 2024 approved final interest payment of 1.30 thebe per. linked unit declared on 30 November 2023 and due to be paid on or around 31 March 2024, as authorised and recommended by the Directors be approved. Reported Earnings • Feb 01
Full year 2023 earnings released: EPS: P0.36 (vs P0.29 in FY 2022) Full year 2023 results: EPS: P0.36 (up from P0.29 in FY 2022). Revenue: P212.8m (up 8.4% from FY 2022). Net income: P89.6m (up 24% from FY 2022). Profit margin: 42% (up from 37% in FY 2022). Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Announcement • Jan 30
Primetime Property Holdings Limited, Annual General Meeting, Feb 21, 2024 Primetime Property Holdings Limited, Annual General Meeting, Feb 21, 2024, at 13:00 Coordinated Universal Time. Location: Cresta Lodge, Plot 33700 Samora Machell Drive Gaborone Botswana Agenda: To read the notice convening the meeting; to receive, consider, and adopt the audited financial statements for the year ended 31 August 2023; to re-elect the directors of the company; to approve the remuneration of the Directors for the year ended 31 August 2023 as detailed on pages 136 to 137 of the Integrated Annual Report for the year ended 31 August 2023; and to consider other matters. Reported Earnings • Dec 01
Full year 2023 earnings released: EPS: P0.36 (vs P0.29 in FY 2022) Full year 2023 results: EPS: P0.36 (up from P0.29 in FY 2022). Revenue: P212.8m (up 8.4% from FY 2022). Net income: P83.3m (up 15% from FY 2022). Profit margin: 39% (up from 37% in FY 2022). Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Announcement • Nov 22
Primetime Property Holdings Limited to Report Fiscal Year 2023 Final Results on Nov 30, 2023 Primetime Property Holdings Limited announced that they will report fiscal year 2023 final results on Nov 30, 2023 New Risk • Nov 19
New major risk - Revenue and earnings growth Earnings have declined by 15% 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 (1.9x net interest cover). Earnings have declined by 15% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Shareholders have been diluted in the past year (2.0% increase in shares outstanding). Market cap is less than US$100m (P439.5m market cap, or US$32.7m). Announcement • Jun 10
PrimeTime Property Holdings Limited Announces the Resignation of Chandada Masendu-Kusane as an Independent Non-Executive Director PrimeTime Property Holdings Limited informed its unitholders and all stakeholders of the resignation of Mrs. Chandada Masendu-Kusane as an Independent Non-Executive Director from the Board of PrimeTime with effect from 7 June 2023. The resignation is due to a conflict of interest that arose between her directorship at PrimeTime and an upcoming commitment. Upcoming Dividend • Mar 15
Upcoming dividend of P0.083 per share at 7.8% yield Eligible shareholders must have bought the stock before 22 March 2023. Payment date: 31 March 2023. Payout ratio is a comfortable 43% and this is well supported by cash flows. Trailing yield: 7.8%. Lower than top quartile of Batswana dividend payers (9.1%). In line with average of industry peers (7.1%). Reported Earnings • Jan 27
Full year 2022 earnings released: EPS: P0.29 (vs P0.14 in FY 2021) Full year 2022 results: EPS: P0.29 (up from P0.14 in FY 2021). Revenue: P196.4m (up 10% from FY 2021). Net income: P72.2m (up 113% from FY 2021). Profit margin: 37% (up from 19% in FY 2021). Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Reported Earnings • Dec 02
Full year 2022 earnings released: EPS: P0.29 (vs P0.089 in FY 2021) Full year 2022 results: EPS: P0.29 (up from P0.089 in FY 2021). Revenue: P196.4m (up 10% from FY 2021). Net income: P65.4m (up 202% from FY 2021). Profit margin: 33% (up from 12% in FY 2021). Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Announcement • Aug 25
PrimeTime Property Holdings Limited Appoints Unopa Tutu Njadingwe as Company Secretary PrimeTime Property Holdings Limited announced the appointment of Unopa Tutu Njadingwe as Company Secretary with effect from 10 August 2022. With a bachelor's degree in Law (LLB) obtained from the University of Botswana, Unopa joined the external management company of PrimeTime on 1 July 2022 from the non-banking financial sector where she was a Legal and Compliance Officer as well as Company Secretary. She currently performs the roles of Compliance Officer and Board Secretary for PrimeTime. Starting her legal career in 2014 as a litigation attorney specialising in recoveries, company law, commercial law, employment law and family law, she joined the corporate world in 2020. Unopa brings to PrimeTime valuable experience in the areas of litigation, compliance, and company secretarial work,facilitating the continuing development of its governance and compliance procedures. Announcement • Aug 17
Primetime Property Holdings Limited Announces Retirement of Directors PrimeTime Property Holdings Limited announced the retirement of its long-standing directors Petronella Matumo and Cross Kgosidiile, with effect from 11 August 2022. Petronella has been with the company as a director since its listing on the BSE in 2007. She was the first chair of the Audit and Risk Committee, and then served as the Board Chair from 2010. Her guidance has been invaluable in steering the company's growth and she has firmly led the implementation of governance procedures over her tenure. Cross became a director in 2011, chairing the Audit and Risk Committee from 2012. His extensive financial experience has assisted the company greatly in evaluating its investment and funding opportunities and advising on matters of compliance. Upcoming Dividend • Aug 03
Upcoming dividend of P0.05 per share Eligible shareholders must have bought the stock before 10 August 2022. Payment date: 19 August 2022. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 7.0%. Lower than top quartile of Batswana dividend payers (8.4%). In line with average of industry peers (7.0%). Reported Earnings • May 26
First half 2022 earnings released First half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (down P5.44m from profit in 1H 2021). Profit margin: (down from 6.1% in 1H 2021). Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. Announcement • May 26
Primetime Property Holdings Limited Announces Board Changes PrimeTime Property Holdings Limited announced the following appointments within the existing independent board members, effective 1 June 2022, facilitating the planned retirement at the end of this financial year of its long- standing members Petronella Matumo and Cross Kgosidiile. Paul Masie has been appointed as Board Chair, replacing Petronella Matumo. Paul's extensive experience at senior board level and in the commercial financial sector will stand him in good stead to lead the Company going forward. Max Marinelli replaces Cross Kgosidiile as the Lead Independent Director. Max's vast experience during his career in the auditing and accounting profession, and beyond in his current board and advisory roles, will enable him to provide support and guidance to the Board Chair and the other independent directors as required in this role. Nigel Dixon-Warren, who has served on the Committee for the last three years, has been appointed as the Chair replacing Cross Kgosidiile who retires from the ARC. As a qualified accountant with 30 years' experience in a wide range of audit, accounting and taxation matters at a senior level, Nigel is ideally positioned to lead this Committee providing essential advice to the wider Board on financial, risk and related party matters. Max Marinelli and Chanda Masendu-Kusane also join the ARC providing a solid combined skill set of financial and property risk expertise. This advisory Committee, newly formed in February 2022, has general responsibility for the oversight of governance related issues and leads the process for board appointments. Max Marinelli takes over as GNC Chair from Petronella Matumo. Paul Masie with a background in the highly regulated pensions sector, and Chanda Masendu-Kusane experienced in real estate valuations and asset management; are also members of the GNC. This Committee is excellently resourced to guide PrimeTime through its increasingly regulatory environment. Buying Opportunity • Apr 14
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 5.7%. The fair value is estimated to be P2.48, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.9% over the last 3 years. Meanwhile, the company has become profitable. Upcoming Dividend • Mar 15
Upcoming dividend of P0.05 per share Eligible shareholders must have bought the stock before 22 March 2022. Payment date: 31 March 2022. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 6.3%. Lower than top quartile of Batswana dividend payers (8.0%). Lower than average of industry peers (7.0%). Announcement • Feb 02
Primetime Property Holdings Limited Announces Appointments of Massimo (Max) Marinelli as Independent Non Executive Director PrimeTime Property Holdings Limited is announced that Mr. Massimo (Max) Marinelli has been appointed to the Board as an Independent Non- Executive Director with effect from 1 February 2022, subject to the ratification of the unitholders at Annual General Meeting. Max is the former Country Managing Partner of Deloitte Botswana. During his distinguished career in public practice with Deloitte, spanning over 40 years served in South Africa and Botswana, he served 31 years as Partner in Botswana, until he retired from Deloitte on 31 May 2020. Reported Earnings • Jan 28
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: P0.089 (up from P0.023 loss in FY 2020). Revenue: P177.9m (flat on FY 2020). Net income: P21.7m (up P27.3m from FY 2020). Profit margin: 12% (up from net loss in 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 78 percentage points per year, which is a significant difference in performance. Reported Earnings • Dec 04
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: P0.089 (up from P0.023 loss in FY 2020). Revenue: P177.9m (flat on FY 2020). Net income: P14.7m (up P20.3m from FY 2020). Profit margin: 8.3% (up from net loss in 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 80 percentage points per year, which is a significant difference in performance. Upcoming Dividend • Aug 10
Upcoming dividend of P0.064 per share Eligible shareholders must have bought the stock before 17 August 2021. Payment date: 31 August 2021. Trailing yield: 6.7%. Lower than top quartile of Batswana dividend payers (8.3%). In line with average of industry peers (7.1%). Announcement • Mar 12
Primetime Property Holdings Limited Announces the Resignation of Sifelani Thapelo from its Board of Directors Primetime Property Holdings Limited announced the resignation of Mr. Sifelani Thapelo from the Board of Directors. Is New 90 Day High Low • Mar 11
New 90-day low: P2.67 The company is down 3.0% from its price of P2.75 on 11 December 2020. The Batswana market is down 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is down 5.0% over the same period. Upcoming Dividend • Mar 08
Upcoming Dividend of P0.031 Per Share Will be paid on the 29th of March to those who are registered shareholders by the 15th of March. The trailing yield of 5.8% is below the top quartile of Batswana dividend payers (8.9%), and is lower than industry peers (7.0%). Is New 90 Day High Low • Feb 10
New 90-day low: P2.70 The company is down 3.0% from its price of P2.78 on 12 November 2020. The Batswana market is flat over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is down 1.0% over the same period. Reported Earnings • Jan 30
Full year 2020 earnings released: P0.023 loss per share (vs P0.19 profit in FY 2019) The company reported a soft full year result with weaker earnings and weaker control over costs, although revenues improved. Full year 2020 results: Revenue: P179.2m (up 3.7% from FY 2019). Net loss: P14.1m (down 131% from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Announcement • Jan 29
Primetime Property Holdings Limited, Annual General Meeting, Feb 24, 2021 Primetime Property Holdings Limited, Annual General Meeting, Feb 24, 2021, at 15:00 Central European Standard Time. Location: Acacia Building, Prime Plaza, Plot 74538, Corner of Khama Crescent Extension and PG matante, CBD Gaborone Botswana Agenda: To receive, consider, and adopt the audited financial statements for the year ended 31 August 2020; to approve the interim interest payment of 6.32 thebe per. linked unit declared on 14 February 2020 and paid on 23 march 2020, as authorised and recommended by the directors; to approve the interim interest payment of 6.32 thebe per. linked unit declared on 31 July 2020 and paid on 28 August 2020, as authorised and recommended by the directors; to approve the final interest payment of 3.14 thebe per. linked unit declared on 8 December 2020 and due to be paid on 29 march 2021, as authorised and recommended by the directors; to re-elect directors of the company; and to consider other matters. Is New 90 Day High Low • Jan 21
New 90-day low: P2.73 The company is down 2.0% from its price of P2.78 on 23 October 2020. The Batswana market is flat over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is flat over the same period. Announcement • Nov 27
Primetime Property Holdings Limited to Report Fiscal Year 2020 Results on Dec 14, 2020 Primetime Property Holdings Limited announced that they will report fiscal year 2020 results on Dec 14, 2020 Is New 90 Day High Low • Nov 14
New 90-day low: P2.75 The company is down 6.0% from its price of P2.92 on 14 August 2020. The Batswana market is down 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is down 3.0% over the same period. Is New 90 Day High Low • Oct 14
New 90-day low: P2.78 The company is down 5.0% from its price of P2.92 on 16 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 6.0% over the same period. Is New 90 Day High Low • Sep 26
New 90-day low: P2.79 The company is down 4.0% from its price of P2.92 on 26 June 2020. The Batswana market is down 2.0% over the last 90 days, indicating the company underperformed over that time. However, its price trend is similar to the Real Estate industry, which is also down 4.0% over the same period.