Board Change • May 20
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. No experienced directors. 6 highly experienced directors. 2 independent directors (5 non-independent directors). Independent Non-Executive Director Sharmila Banymadhub-Chakowa was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Nov 27
RHT Holding Ltd, Annual General Meeting, Dec 18, 2025 RHT Holding Ltd, Annual General Meeting, Dec 18, 2025, at 10:00 Arabian Standard Time. Location: rht house, 15/15a gordon street, rose hill, Mauritius Announcement • Dec 06
RHT Holding Ltd, Annual General Meeting, Dec 18, 2024 RHT Holding Ltd, Annual General Meeting, Dec 18, 2024, at 10:00 Arabian Standard Time. Location: at rht house, 15/15a gordon street, rose hill, Mauritius New Risk • Oct 06
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 3.7% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (7.3% operating cash flow to total debt). Market cap is less than US$10m (MU₨231.1m market cap, or US$4.97m). 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. Declared Dividend • Jun 14
Dividend of MU₨0.30 announced Shareholders will receive a dividend of MU₨0.30. Ex-date: 27th June 2024 Payment date: 12th July 2024 Dividend yield will be 3.6%, which is higher than the industry average of 1.9%. Sustainability & Growth Dividend is well covered by both earnings (36% earnings payout ratio) and cash flows (29% cash payout ratio). The dividend has decreased over the past 66 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 17% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • May 19
Third quarter 2024 earnings released: EPS: MU₨1.59 (vs MU₨0.43 loss in 3Q 2023) Third quarter 2024 results: EPS: MU₨1.59 (up from MU₨0.43 loss in 3Q 2023). Revenue: MU₨82.9m (up 11% from 3Q 2023). Net income: MU₨19.3m (up MU₨24.5m from 3Q 2023). Profit margin: 23% (up from net loss in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Reported Earnings • Feb 17
Second quarter 2024 earnings released: MU₨0.82 loss per share (vs MU₨0.84 loss in 2Q 2023) Second quarter 2024 results: MU₨0.82 loss per share (improved from MU₨0.84 loss in 2Q 2023). Revenue: MU₨70.8m (up 2.1% from 2Q 2023). Net loss: MU₨10.0m (loss narrowed 1.7% from 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has remained flat, which means it is well ahead of earnings. New Risk • Dec 12
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 3.2% 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 Risks Earnings have declined by 5.5% per year over the past 5 years. Market cap is less than US$10m (MU₨243.2m market cap, or US$5.50m). Minor Risk Share price has been volatile over the past 3 months (3.2% average weekly change). Upcoming Dividend • Nov 21
Upcoming dividend of MU₨0.40 per share at 2.3% yield Eligible shareholders must have bought the stock before 28 November 2023. Payment date: 25 December 2023. The company is not currently making a profit and is not cash flow positive. Trailing yield: 2.3%. Lower than top quartile of Mauritian dividend payers (5.9%). Lower than average of industry peers (7.1%). Announcement • Nov 18
RHT Holding Ltd, Annual General Meeting, Dec 08, 2023 RHT Holding Ltd, Annual General Meeting, Dec 08, 2023, at 10:00 Mauritius Standard Time. Location: RHT House, 15/15A Gordon Street Rose Hill Mauritius Agenda: To consider Presentation of the Group CEO on the Group activities for the financial year ended 30 June 2023; to consider and approve the minutes of proceedings of the last Annual Meeting of Shareholders held on 16 December 2022; to consider the Annual Report of the Company for the year ended 30 June 2023; to receive the report of the auditors of the Company; to consider and adopt the audited financial statements of the Company for the year ended 30 June 2023; to re-appoint, by way of separate resolutions, as Directors of the Company to hold office until the next Annual Meeting who offer themselves for re-election; to ratify the audit fees paid to BDO & Co for the year ended 30 June 2023; and to consider any other matters. Upcoming Dividend • Jun 26
Upcoming dividend of MU₨0.20 per share at 2.3% yield Eligible shareholders must have bought the stock before 03 July 2023. Payment date: 19 July 2023. Trailing yield: 2.3%. Lower than top quartile of Mauritian dividend payers (6.3%). Lower than average of industry peers (7.6%). Reported Earnings • May 13
Third quarter 2023 earnings released: MU₨0.43 loss per share (vs MU₨0.52 loss in 3Q 2022) Third quarter 2023 results: MU₨0.43 loss per share (improved from MU₨0.52 loss in 3Q 2022). Revenue: MU₨74.4m (up 61% from 3Q 2022). Net loss: MU₨5.18m (loss narrowed 18% from 3Q 2022). Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Reported Earnings • Feb 15
Second quarter 2023 earnings released: MU₨0.84 loss per share (vs MU₨2.00 profit in 2Q 2022) Second quarter 2023 results: MU₨0.84 loss per share (down from MU₨2.00 profit in 2Q 2022). Revenue: MU₨69.4m (up 41% from 2Q 2022). Net loss: MU₨10.2m (down 142% from profit in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Announcement • Nov 26
RHT Holding Ltd, Annual General Meeting, Dec 16, 2022 RHT Holding Ltd, Annual General Meeting, Dec 16, 2022, at 06:00 Coordinated Universal Time. Location: RHT House, 15/15A Gordon Street Rose Hill Mauritius Agenda: To consider presentation of the Group CEO on the Group activities for the financial year ended 30 June 2022; to consider and approve the minutes of proceedings of the last Annual Meeting of Shareholders held on 29 December 2021; to consider the Annual Report of the Company for the year ended 30 June 2022; to receive the report of the auditors of the Company; to consider and adopt the audited financial statements of the Company for the year ended 30 June 2022; and to consider any other matters. Upcoming Dividend • Nov 21
Upcoming dividend of MU₨0.20 per share Eligible shareholders must have bought the stock before 28 November 2022. Payment date: 26 December 2022. Trailing yield: 2.1%. Lower than top quartile of Mauritian dividend payers (4.9%). Higher than average of industry peers (1.8%). Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 3 highly experienced directors. Non-Executive Director Yoosuf Kureeman was the last director to join the board, commencing their role in 2007. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Oct 02
Full year 2022 earnings released: MU₨1.21 loss per share (vs MU₨0.76 profit in FY 2021) Full year 2022 results: MU₨1.21 loss per share (down from MU₨0.76 profit in FY 2021). Revenue: MU₨207.3m (up 14% from FY 2021). Net loss: MU₨14.7m (down 260% from profit in FY 2021). Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Upcoming Dividend • Jul 04
Upcoming dividend of MU₨0.15 per share Eligible shareholders must have bought the stock before 11 July 2022. Payment date: 29 July 2022. Payout ratio is a comfortable 3.7% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of Mauritian dividend payers (4.0%). Lower than average of industry peers (1.9%). Reported Earnings • May 16
Third quarter 2022 earnings released: MU₨0.52 loss per share (vs MU₨0.93 loss in 3Q 2021) Third quarter 2022 results: MU₨0.52 loss per share (up from MU₨0.93 loss in 3Q 2021). Revenue: MU₨46.2m (down 20% from 3Q 2021). Net loss: MU₨6.29m (loss narrowed 44% from 3Q 2021). Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 3 highly experienced directors. Non-Executive Director Yoosuf Kureeman was the last director to join the board, commencing their role in 2007. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Upcoming Dividend • Feb 21
Inaugural dividend of MU₨0.15 per share Eligible shareholders must have bought the stock before 28 February 2022. Payment date: 04 March 2022. The company is not currently making a profit and is not cash flow positive. The company last paid an ordinary dividend in May 2020. The average dividend yield among industry peers is 1.7%. Reported Earnings • Feb 13
Second quarter 2022 earnings: Revenues and EPS in line with analyst expectations Second quarter 2022 results: EPS: MU₨2.00 (up from MU₨1.46 in 2Q 2021). Revenue: MU₨49.2m (down 46% from 2Q 2021). Net income: MU₨24.3m (up 37% from 2Q 2021). Profit margin: 49% (up from 19% in 2Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Reported Earnings • Feb 12
Second quarter 2021 earnings released: EPS MU₨1.46 (vs MU₨0.78 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: MU₨91.8m (up 14% from 2Q 2020). Net income: MU₨17.7m (up 88% from 2Q 2020). Profit margin: 19% (up from 12% in 2Q 2020). Is New 90 Day High Low • Jan 16
New 90-day low: MU₨20.00 The company is down 29% from its price of MU₨28.00 on 16 October 2020. The Mauritian market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Transportation industry, which is down 2.0% over the same period. Reported Earnings • Nov 27
Full year 2020 earnings released: MU₨2.23 loss per share The company reported a poor full year result with increased losses and weaker revenues and control over expenses. Full year 2020 results: Revenue: MU₨254.5m (down 7.7% from FY 2019). Net loss: MU₨27.1m (loss widened 201% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 108% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Announcement • Nov 26
RHT Holding Ltd, Annual General Meeting, Dec 18, 2020 RHT Holding Ltd, Annual General Meeting, Dec 18, 2020, at 06:00 Coordinated Universal Time. Location: RHT House, 15/15A Gordon Street Rose Hill Mauritius Agenda: To consider presentation of the Group CEO on the Group activities for the financial year ended June 30, 2020; to consider and approve the minutes of proceedings of the last Annual Meeting of Shareholders held on December 18, 2019; to consider the Annual Report of the Company for the year ended June 30, 2020; to receive the report of the auditors of the company; to consider and adopt the audited financial statements of the company for the year ended June 30, 2020; to reappoint directors; to reappoint auditors and to fix their remuneration; to ratify the audit fees paid to auditor for the year ended June 30, 2020; and to consider other matters. Is New 90 Day High Low • Nov 11
New 90-day low: MU₨22.50 The company is down 20% from its price of MU₨28.00 on 13 August 2020. The Mauritian market is down 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Transportation industry, which is down 9.0% over the same period. 
