New Risk • Mar 20
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: R1.68b (US$99.6m) This is considered a minor 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: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (R1.68b market cap, or US$99.6m). Recent Insider Transactions • Dec 24
Non Executive Chairman recently bought R1.6m worth of stock On the 18th of December, Teunis Scharrighuisen bought around 50k shares on-market at roughly R32.77 per share. This transaction amounted to 6.2% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Teunis' only on-market trade for the last 12 months. Upcoming Dividend • Dec 10
Upcoming dividend of R0.67 per share Eligible shareholders must have bought the stock before 17 December 2025. Payment date: 22 December 2025. Payout ratio is a comfortable 25% and this is well supported by cash flows. Trailing yield: 4.0%. Lower than top quartile of South African dividend payers (7.8%). Higher than average of industry peers (0.7%). Reported Earnings • Nov 26
First half 2026 earnings released: EPS: R2.63 (vs R2.32 in 1H 2025) First half 2026 results: EPS: R2.63 (up from R2.32 in 1H 2025). Revenue: R1.42b (up 12% from 1H 2025). Net income: R142.3m (up 13% from 1H 2025). Profit margin: 10.0% (in line with 1H 2025). Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 30% per year, which means it is tracking significantly ahead of earnings growth. Recent Insider Transactions • Sep 18
CEO & Executive Director recently sold R764k worth of stock On the 12th of September, Treve Hendry sold around 27k shares on-market at roughly R28.32 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth R8.8m. Treve has been a net seller over the last 12 months, reducing personal holdings by R3.9m. Upcoming Dividend • Aug 20
Upcoming dividend of R0.67 per share Eligible shareholders must have bought the stock before 27 August 2025. Payment date: 01 September 2025. Payout ratio is a comfortable 26% and this is well supported by cash flows. Trailing yield: 4.9%. Lower than top quartile of South African dividend payers (8.0%). Higher than average of industry peers (0.6%). Recent Insider Transactions • Jul 23
CEO & Executive Director recently sold R2.6m worth of stock On the 16th of July, Treve Hendry sold around 92k shares on-market at roughly R28.00 per share. This transaction amounted to 4.9% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth R8.8m. Treve has been a net seller over the last 12 months, reducing personal holdings by R3.1m. Recent Insider Transactions • Jul 03
Executive Director recently sold R8.8m worth of stock On the 30th of June, Alfred Litschka sold around 327k shares on-market at roughly R26.99 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of R11m more than they bought in the last 12 months. Reported Earnings • Jun 27
Full year 2025 earnings released: EPS: R4.96 (vs R4.42 in FY 2024) Full year 2025 results: EPS: R4.96 (up from R4.42 in FY 2024). Revenue: R2.64b (up 3.6% from FY 2024). Net income: R270.0m (up 10% from FY 2024). Profit margin: 10% (in line with FY 2024). Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 25% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jun 27
Argent Industrial Limited, Annual General Meeting, Aug 18, 2025 Argent Industrial Limited, Annual General Meeting, Aug 18, 2025. Location: companys boardroom, first floor, ridge 63, 8 sinembe crescent, la lucia ridge office estate, umhlanga, South Africa Announcement • Jun 26
Argent Industrial Limited Declares Final Gross Dividend for the Year Ended 31 March 2025, Payable on 1 September 2025 The board of directors of Argent Industrial Limited have declared and approved a final gross dividend of 67 cents per share for the year ended 31 March 2025 from income reserves. Total ordinary dividends per share in respect of the
financial year to 31 March 2025 therefore amounts to 127 cents per share (2024 115 cents per share). The following dates will apply to the abovementioned final dividend: Dividend payment date is 1 September 2025. Record date is 29 August 2025. Last day to trade cum dividend is 26 August 2025. Trading ex-dividend commences is 27 August 2025. New Risk • Jun 15
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2024. 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: Minor Risks Latest financial reports are more than 6 months old (reported September 2024 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (R1.36b market cap, or US$76.0m). Upcoming Dividend • Jan 15
Upcoming dividend of R0.60 per share Eligible shareholders must have bought the stock before 22 January 2025. Payment date: 27 January 2025. Payout ratio is a comfortable 27% and this is well supported by cash flows. Trailing yield: 4.5%. Lower than top quartile of South African dividend payers (7.9%). Lower than average of industry peers (5.4%). Recent Insider Transactions • Jan 03
CEO & Executive Director recently sold R53k worth of stock On the 31st of December, Treve Hendry sold around 2k shares on-market at roughly R27.60 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth R1.4m. Treve has been a net seller over the last 12 months, reducing personal holdings by R5.3m. Recent Insider Transactions • Dec 22
Non Executive Chairman recently sold R1.4m worth of stock On the 17th of December, Teunis Scharrighuisen sold around 50k shares on-market at roughly R27.46 per share. This transaction amounted to 1.3% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Teunis' only on-market trade for the last 12 months. Reported Earnings • Dec 01
First half 2025 earnings released: EPS: R2.32 (vs R2.24 in 1H 2024) First half 2025 results: EPS: R2.32 (up from R2.24 in 1H 2024). Revenue: R1.26b (down 3.3% from 1H 2024). Net income: R126.1m (up 1.2% from 1H 2024). Profit margin: 10.0% (in line with 1H 2024). Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Nov 27
Argent Industrial Limited Approves an Interim Dividend for the Six-Months Period Ended 30 September 2024, Payable on 27 January 2025 Argent Industrial Limited announced the directors of the company have declared and approved an interim gross dividend of 60 cents per share for the six-months period ended 30 September 2024 from income reserves. Trading ex-dividend commences is 22 January 2025. Record date is 24 January 2025. Dividend payment date is 27 January 2025. Recent Insider Transactions • Jul 05
Executive Director recently sold R1.1m worth of stock On the 2nd of July, Alfred Litschka sold around 51k shares on-market at roughly R22.59 per share. This transaction amounted to 7.2% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of R13m more than they bought in the last 12 months. Reported Earnings • Jun 30
Full year 2024 earnings released: EPS: R4.42 (vs R4.13 in FY 2023) Full year 2024 results: EPS: R4.42 (up from R4.13 in FY 2023). Revenue: R2.54b (up 3.5% from FY 2023). Net income: R244.9m (up 6.2% from FY 2023). Profit margin: 9.6% (in line with FY 2023). Over the last 3 years on average, earnings per share has increased by 22% per year and the company’s share price has also increased by 22% per year. Announcement • Jun 28
Argent Industrial Limited, Annual General Meeting, Aug 22, 2024 Argent Industrial Limited, Annual General Meeting, Aug 22, 2024. Location: first floor, ridge 63, 8 sinembe crescent, la lucia ridge office estate, umhlanga, South Africa New Risk • Jun 09
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 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: Minor Risks Latest financial reports are more than 6 months old (reported September 2023 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (R1.14b market cap, or US$60.3m). Recent Insider Transactions • Mar 29
Executive Director recently sold R259k worth of stock On the 22nd of March, Alfred Litschka sold around 14k shares on-market at roughly R18.33 per share. This transaction amounted to 1.9% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth R4.3m. Insiders have been net sellers, collectively disposing of R12m more than they bought in the last 12 months. Recent Insider Transactions • Feb 06
Executive Director recently sold R1.5m worth of stock On the 31st of January, Alfred Litschka sold around 96k shares on-market at roughly R15.82 per share. This transaction amounted to 12% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth R4.3m. Insiders have been net sellers, collectively disposing of R11m more than they bought in the last 12 months. Recent Insider Transactions • Jan 11
CEO & Executive Director recently sold R432k worth of stock On the 5th of January, Treve Hendry sold around 28k shares on-market at roughly R15.22 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth R1.4m. Treve has been a net seller over the last 12 months, reducing personal holdings by R3.9m. Recent Insider Transactions • Jan 02
CEO & Executive Director recently sold R1.4m worth of stock On the 27th of December, Treve Hendry sold around 97k shares on-market at roughly R14.89 per share. This transaction amounted to 2.6% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Treve has been a net seller over the last 12 months, reducing personal holdings by R3.7m. Recent Insider Transactions • Dec 22
CEO & Executive Director recently sold R441k worth of stock On the 18th of December, Treve Hendry sold around 30k shares on-market at roughly R14.69 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Treve has been a net seller over the last 12 months, reducing personal holdings by R2.2m. Upcoming Dividend • Dec 05
Upcoming dividend of R0.55 per share at 7.3% yield Eligible shareholders must have bought the stock before 12 December 2023. Payment date: 18 December 2023. Payout ratio is a comfortable 23% and this is well supported by cash flows. Trailing yield: 7.3%. Lower than top quartile of South African dividend payers (9.1%). Higher than average of industry peers (2.0%). Reported Earnings • Nov 23
First half 2024 earnings released: EPS: R2.24 (vs R1.83 in 1H 2023) First half 2024 results: EPS: R2.24 (up from R1.83 in 1H 2023). Revenue: R1.31b (up 8.6% from 1H 2023). Net income: R124.6m (up 22% from 1H 2023). Profit margin: 9.5% (up from 8.5% in 1H 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 31% per year whereas the company’s share price has increased by 32% per year. Announcement • Nov 22
Argent Industrial Limited Declares and Approves an Interim Gross Dividend for the Six-Month Period Ended 30 September 2023 from Income Reserves, Payable on 18 December 2023 Argent Industrial Limited declared and approved an interim gross dividend of 55 cents per share for the six-month period ended 30 September 2023 from income reserves. The following dates will apply to the abovementioned interim dividend: Publication of declaration data: 21 November 2023. Last day to trade cum dividend: 11 December 2023. Trading ex-dividend commences: 12 December 2023. Record date: 14 December 2023. Dividend payment date: 18 December 2023. Announcement • Nov 08
Argent Industrial Limited Provides Earnings Guidance for the Six Month Period Ended 30 September 2023 Argent Industrial Limited provided earnings guidance for the six month period ended 30 September 2023. For the period, the company announced that headline earnings per share ("HEPS") is expected to be between 204.1 and 240.4 cents per share, representing an increase of between 12.6% and 32.6% compared to the HEPS of 181.2 cents reported for the six months ended 30 September 2022 ("Prior Period"); and earnings per share ("EPS") is expected to be between 205.4 and 242.0 cents per share, representing an increase of between 12.4% and 32.4% compared to the EPS of 182.7 cents reported for the Prior Period. Recent Insider Transactions • Aug 22
CEO & Executive Director recently sold R263k worth of stock On the 16th of August, Treve Hendry sold around 17k shares on-market at roughly R15.90 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth R405k. Treve has been a net seller over the last 12 months, reducing personal holdings by R243k. Recent Insider Transactions • Aug 14
Executive Director recently sold R405k worth of stock On the 8th of August, Alfred Litschka sold around 25k shares on-market at roughly R16.12 per share. This transaction amounted to 2.8% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of R1.0m more than they bought in the last 12 months. Recent Insider Transactions Derivative • Aug 07
CEO & Executive Director exercised options to buy R2.2m worth of stock. On the 2nd of August, Treve Hendry exercised options to buy 141k shares at a strike price of around R4.62, costing a total of R652k. This transaction amounted to 4.0% of their direct individual holding at the time of the trade. Since September 2022, Treve's direct individual holding has increased from 2.83m shares to 3.67m. Company insiders have collectively bought R3.3m more than they sold, via options and on-market transactions, in the last 12 months. Announcement • Aug 04
Argent Industrial Limited Announces Financial Director Changes Argent Industrial Limited informed the retirement of Ms. Sue Cox, as Financial Director of the board of the Company ("Board"), with effect from 30 September 2023. The Board would like to extend their appreciation to Sue for her commitment and service to the Company over the years. Mr. Hansie Meyer has been appointed as Financial Director of the Company with effect from 1 October 2023, and will also become a member of the social and ethics committee. Mr. Hansie Meyer is a qualified Chartered Accountant. He has over 10 years professional experience, including serving as Financial Manager and Regional Financial Manager at Argent. In July 2018, Hansie was appointed as Financial Director of Fuel Proof Limited, a company based in the United Kingdom. Recent Insider Transactions • Jul 28
CEO & Executive Director recently sold R52k worth of stock On the 25th of July, Treve Hendry sold around 3k shares on-market at roughly R16.05 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Despite the recent sale, Treve has been a net buyer over the last 12 months, purchasing a net total of R46k worth of shares. Recent Insider Transactions • Jul 18
CEO & Executive Director recently bought R223k worth of stock On the 14th of July, Treve Hendry bought around 14k shares on-market at roughly R15.91 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Treve has been a buyer over the last 12 months, purchasing a net total of R98k worth in shares. Upcoming Dividend • Jul 12
Upcoming dividend of R0.50 per share at 6.2% yield Eligible shareholders must have bought the stock before 19 July 2023. Payment date: 24 July 2023. Payout ratio is a comfortable 23% and this is well supported by cash flows. Trailing yield: 6.2%. Lower than top quartile of South African dividend payers (10.0%). In line with average of industry peers (5.9%). Announcement • Jun 08
Argent Industrial Limited Provides Earnings Guidance for the Year Ended 31 March 2023 Argent Industrial Limited provided earnings guidance for the year ended 31 March 2023. For the year, the company expects headline earnings per share (HEPS) to be between 377.4 cents to 445.3 cents, representing an increase of between 11.3% and 31.3% compared to the HEPS of 339.2 cents reported for the year ended 31 March 2022 (Prior Period); and earnings per share (EPS) expects to be between 380.1 cents to 446.1 cents, representing an increase of between 15.2% and 35.2% compared to the EPS of 330 cents reported for the Prior Period. Recent Insider Transactions • Mar 01
Executive Director recently sold R374k worth of stock On the 22nd of February, Alfred Litschka sold around 25k shares on-market at roughly R14.95 per share. This transaction amounted to 3.2% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth R685k. Despite this recent sale, insiders have collectively bought R3.2m more than they sold in the last 12 months. Recent Insider Transactions • Feb 19
Non Executive Chairman recently bought R750k worth of stock On the 15th of February, Teunis Scharrighuisen bought around 50k shares on-market at roughly R15.00 per share. This transaction amounted to 6.3% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Teunis' only on-market trade for the last 12 months. Recent Insider Transactions • Jan 12
CEO & Executive Director recently sold R190k worth of stock On the 6th of January, Treve Hendry sold around 12k shares on-market at roughly R15.50 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth R685k. Despite the recent sale, Treve has been a net buyer over the last 12 months, purchasing a net total of R2.6m worth of shares. Upcoming Dividend • Jan 11
Upcoming dividend of R0.45 per share Eligible shareholders must have bought the stock before 18 January 2023. Payment date: 23 January 2023. Payout ratio is a comfortable 23% and this is well supported by cash flows. Trailing yield: 6.0%. Lower than top quartile of South African dividend payers (8.6%). In line with average of industry peers (5.5%). Recent Insider Transactions • Dec 26
Executive Director recently sold R121k worth of stock On the 20th of December, Alfred Litschka sold around 8k shares on-market at roughly R14.89 per share. This transaction amounted to 1.0% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth R685k. Despite this recent sale, insiders have collectively bought R3.5m more than they sold in the last 12 months. Recent Insider Transactions Derivative • Dec 07
Executive Director exercised options to buy R2.1m worth of stock. On the 2nd of December, Alfred Litschka exercised options to buy 141k shares at a strike price of around R4.62, costing a total of R652k. This transaction amounted to 21% of their direct individual holding at the time of the trade. Since March 2022, Alfred has owned 686.73k shares directly. Company insiders have collectively bought R6.1m more than they sold, via options and on-market transactions, in the last 12 months. Recent Insider Transactions • Dec 07
Independent Non-Executive Director recently sold R74k worth of stock On the 30th of November, Khathutshelo Mapasa sold around 5k shares on-market at roughly R14.75 per share. This transaction amounted to 98% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought R4.1m more than they sold in the last 12 months. Valuation Update With 7 Day Price Move • Nov 21
Investor sentiment improved over the past week After last week's 17% share price gain to R15.00, the stock trades at a trailing P/E ratio of 4.4x. Average forward P/E is 13x in the Building industry in Africa. Total returns to shareholders of 168% over the past three years. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 4 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Non-Executive Director K2 Mapasa was the last independent director to join the board, commencing their role in 2019. 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 02
Argent Industrial Limited to Report Q2, 2023 Results on Nov 15, 2022 Argent Industrial Limited announced that they will report Q2, 2023 results on Nov 15, 2022 Valuation Update With 7 Day Price Move • Sep 29
Investor sentiment deteriorated over the past week After last week's 15% share price decline to R12.60, the stock trades at a trailing P/E ratio of 3.7x. Average forward P/E is 11x in the Building industry in Africa. Total returns to shareholders of 130% over the past three years. Upcoming Dividend • Jul 20
Upcoming dividend of R0.42 per share Eligible shareholders must have bought the stock before 27 July 2022. Payment date: 01 August 2022. Trailing yield: 3.2%. Lower than top quartile of South African dividend payers (9.2%). Lower than average of industry peers (5.3%). Reported Earnings • Jul 03
Full year 2022 earnings released: EPS: R3.30 (vs R2.17 in FY 2021) Full year 2022 results: EPS: R3.30 (up from R2.17 in FY 2021). Revenue: R2.43b (up 24% from FY 2021). Net income: R190.2m (up 46% from FY 2021). Profit margin: 7.8% (up from 6.6% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 38% per year, which means it is significantly lagging earnings growth. Announcement • Jul 01
Argent Industrial Limited Approves Final Gross Dividend for the Year Ended 31 March 2022, Payable on 1 August 2022 The directors of Argent Industrial Limited have declared and approved a final gross dividend of 42 cents per share for the year ended 31 March 2022 from income reserves. Total ordinary dividends per share in respect of the financial year to 31 March 2022 therefore amounts to 42 cents (2021 - nil). Last day to trade cum dividend is 26 July 2022, Trading ex-dividend commences on 27 July 2022, record date is 29 July 2022 and dividend payment date is 1 August 2022. Announcement • Jun 30
Argent Industrial Limited, Annual General Meeting, Aug 19, 2022 Argent Industrial Limited, Annual General Meeting, Aug 19, 2022, at 11:00 South Africa Standard Time. Location: The company’s boardroom at First floor, Ridge 63, 8 Sinembe Crescent, La Lucia Ridge Office Estate Umhlanga La Lucia South Africa Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 4 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Non-Executive Director K2 Mapasa was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Recent Insider Transactions • Mar 04
CEO & Executive Director recently bought R459k worth of stock On the 1st of March, Treve Hendry bought around 36k shares on-market at roughly R12.75 per share. This was the largest purchase by an insider in the last 3 months. Despite this recent buy, Treve has been a net seller over the last 12 months, reducing personal holdings by R5.5m. Recent Insider Transactions • Jan 13
CEO & Executive Director recently sold R121k worth of stock On the 7th of January, Treve Hendry sold around 9k shares on-market at roughly R13.72 per share. In the last 3 months, they made an even bigger sale worth R2.7m. Treve has been a seller over the last 12 months, reducing personal holdings by R6.0m. Recent Insider Transactions • Jan 05
CEO & Executive Director recently sold R129k worth of stock On the 31st of December, Treve Hendry sold around 9k shares on-market at roughly R13.70 per share. In the last 3 months, they made an even bigger sale worth R2.7m. Treve has been a seller over the last 12 months, reducing personal holdings by R5.8m. Recent Insider Transactions Derivative • Nov 30
CEO & Executive Director exercised options to buy R6.5m worth of stock. On the 29th of November, Treve Hendry exercised options to buy 482k shares at a strike price of around R4.33, costing a total of R2.1m. This transaction amounted to 21% of their direct individual holding at the time of the trade. Since December 2020, Treve's direct individual holding has increased from 1.77m shares to 2.46m. Company insiders have collectively sold R1.9m more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions • Nov 30
CEO & Executive Director recently sold R2.7m worth of stock On the 26th of November, Treve Hendry sold around 195k shares on-market at roughly R13.94 per share. This was the largest sale by an insider in the last 3 months. Treve has been a seller over the last 12 months, reducing personal holdings by R5.8m. Recent Insider Transactions • Nov 25
CEO & Executive Director recently sold R477k worth of stock On the 19th of November, Treve Hendry sold around 34k shares on-market at roughly R13.85 per share. This was the largest sale by an insider in the last 3 months. Treve has been a seller over the last 12 months, reducing personal holdings by R3.1m. Reported Earnings • Nov 22
First half 2022 earnings: Revenues and EPS in line with analyst expectations First half 2022 results: EPS: R1.43 (up from R0.74 in 1H 2021). Revenue: R1.06b (up 21% from 1H 2021). Net income: R82.2m (up 81% from 1H 2021). Profit margin: 7.8% (up from 5.2% in 1H 2021). 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 increased by 33% per year but the company’s share price has increased by 42% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Oct 28
Investor sentiment improved over the past week After last week's 17% share price gain to R13.14, the stock trades at a trailing P/E ratio of 5.8x. Average trailing P/E is 11x in the Building industry in Africa. Total returns to shareholders of 270% over the past three years. Announcement • Sep 21
Argent Industrial Limited Provides Financial Guidance for the Six Months Ending September 30, 2021 Argent Industrial Limited provided financial guidance for the six months ending September 30, 2021. For the period, the company expecting Earnings per share for the 6 months 30 September 2021 are expected to be between 137.9 and 152.8 cents per share, representing an increase of between 85.6% and 105.6% compared to the earnings per share of 74.3 cents reported for the previous corresponding period. Recent Insider Transactions • Sep 19
Executive Director recently sold R225k worth of stock On the 14th of September, Alfred Litschka sold around 20k shares on-market at roughly R11.26 per share. In the last 3 months, there was an even bigger sale from another insider worth R2.5m. Insiders have been net sellers, collectively disposing of R6.7m more than they bought in the last 12 months. Announcement • Sep 04
Argent Industrial Limited (JSE:ART) acquired American Shutters Proprietary Limited from S.E. Palmer, D.J. Snyman and K.M. Palmer for ZAR 56.9 million. Argent Industrial Limited (JSE:ART) acquired American Shutters Proprietary Limited from S.E. Palmer, D.J. Snyman and K.M. Palmer for ZAR 56.9 million on September 2, 2021. The cash consideration of R56.9 million to be settled in cash within 24 hours after the completion date of the agreement being September 2, 2021. As of July 31, 2021, American Shutters Proprietary Limited had net assets of ZAR 11.7 million, attributable profits of ZAR 9.7 million. There are no outstanding conditions precedent.
Argent Industrial Limited (JSE:ART) completed the acquisition of American Shutters Proprietary Limited from S.E. Palmer, D.J. Snyman and K.M. Palmer on September 2, 2021. Recent Insider Transactions • Jul 15
CEO & Executive Director recently sold R1.0m worth of stock On the 12th of July, Treve Hendry sold around 86k shares on-market at roughly R12.02 per share. This was the largest sale by an insider in the last 3 months. Treve has been a seller over the last 12 months, reducing personal holdings by R2.9m. Reported Earnings • Jul 03
Full year 2021 earnings released: EPS R2.17 (vs R1.31 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: R1.97b (up 14% from FY 2020). Net income: R130.4m (up 36% from FY 2020). Profit margin: 6.6% (up from 5.6% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has only increased by 44% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • May 12
Investor sentiment improved over the past week After last week's 16% share price gain to R10.80, the stock trades at a trailing P/E ratio of 6.9x. Average trailing P/E is 17x in the Building industry in Africa. Total returns to shareholders of 197% over the past three years. Is New 90 Day High Low • Mar 01
New 90-day high: R9.00 The company is up 41% from its price of R6.40 on 01 December 2020. The South African market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Building industry, which is up 7.0% over the same period. Recent Insider Transactions • Feb 18
Non Executive Chairman recently bought R233k worth of stock On the 15th of February, Teunis Scharrighuisen bought around 29k shares on-market at roughly R8.00 per share. This was the largest purchase by an insider in the last 3 months. Teunis has been a buyer over the last 12 months, purchasing a net total of R1.0m worth in shares. Valuation Update With 7 Day Price Move • Jan 15
Investor sentiment improved over the past week After last week's 19% share price gain to R8.75, the stock is trading at a trailing P/E ratio of 5.6x, up from the previous P/E ratio of 4.7x. This compares to an average P/E of 15x in the Building industry in Africa. Total returns to shareholders over the past three years are 133%. Is New 90 Day High Low • Jan 04
New 90-day high: R7.15 The company is up 28% from its price of R5.60 on 06 October 2020. The South African market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Building industry, which is up 5.0% over the same period. Is New 90 Day High Low • Dec 08
New 90-day high: R6.85 The company is up 19% from its price of R5.75 on 09 September 2020. The South African market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Building industry, which is up 17% over the same period. Recent Insider Transactions Derivative • Dec 03
Financial Director & Executive Director exercised options to buy R4.1m worth of stock. On the 1st of December, Susan Cox exercised options to buy 634.89k shares at a strike price of around R4.36, costing a total of R2.8m. This transaction amounted to 57% of their direct individual holding at the time of the trade. Since December 2019, Susan has owned 1.11m shares directly. Company insiders have collectively sold R5.4m more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions • Nov 27
CEO & Executive Director recently sold R390k worth of stock On the 24th of November, Treve Hendry sold around 65k shares on-market at roughly R6.03 per share. This was the largest sale by an insider in the last 3 months. Treve has been a seller over the last 12 months, reducing personal holdings by R366k. Is New 90 Day High Low • Nov 17
New 90-day high: R5.95 The company is up 2.0% from its price of R5.85 on 19 August 2020. The South African market is also up 2.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it underperformed the Building industry, which is up 23% over the same period. Recent Insider Transactions • Nov 10
Non Executive Chairman recently bought R431k worth of stock On the 6th of November, Teunis Scharrighuisen bought around 75k shares on-market at roughly R5.75 per share. This was the largest purchase by an insider in the last 3 months. Despite this recent buy, Teunis has been a net seller over the last 12 months, reducing personal holdings by R8.7m. Is New 90 Day High Low • Oct 22
New 90-day low: R5.01 The company is down 2.0% from its price of R5.10 on 24 July 2020. The South African market is also down 2.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it underperformed the Building industry, which is up 12% over the same period. Announcement • Sep 25
Argent Industrial Ltd. completed the acquisition of Toolroom Services (Pty) Ltd. for ZAR 54.989 million. Toolroom Services (Pty) Ltd. was acquired by Argent Industrial Ltd. on January 30, 2006. The transaction is reportedly valued at approximately ZAR 60 million, which will be settled by the allotment of 4.64 million renounceable ordinary Argent shares of a par value of 5 cents each and issued at 1185 cents per share to the vendors of Toolroom, being S Arumugam, DM Drennan, GW Hennessy, SB Hennessy, A Peramaul, M Peramaul and J Sewsankar. Webber Wentzel served as legal advisor to Argent Industrial in the transaction.
Argent Industrial Ltd. completed the acquisition of Toolroom Services (Pty) Ltd. on January 30, 2006.