Bell Equipment Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

JSE:BEL Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
17 Oct 24	SellR197,329	Aldo Mayer	Individual	5,000	R40.21
25 Sep 24	SellR8,864,745	Gary Bell	Individual	203,600	R43.54
23 Sep 24	SellR26,758	Ushadevi Maharaj	Individual	608	R44.01
23 Sep 24	SellR254,475	T. Du Pisanie	Individual	5,655	R45.00
20 Sep 24	SellR200,963	John Fleetwood	Individual	4,515	R44.51
17 Sep 24	SellR105,031	Ashley Bell	Individual	2,568	R40.90
16 Sep 24	SellR1,979,000	Gary Bell	Individual	50,000	R39.58

Insider Trading Volume

Insider Buying: BEL insiders have only sold shares in the past 3 months.

Ownership Breakdown

What is the ownership structure of BEL?
Owner Type	Number of Shares	Ownership Percentage
Individual Insiders	4,050,443	4.24%
Hedge Funds	4,781,469	5%
Institutions	6,300,972	6.59%
General Public	11,110,227	11.6%
Private Companies	69,386,274	72.6%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Top 24 shareholders own 88.38% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
70.1%	I A Bell and Company (Pty) Limited	67,040,093	R2.5b	0%	no data
5%	Peregrine Capital (Pty) Limited	4,781,469	R180.3m	0%	7.05%
3.28%	I. Clark	3,139,268	R118.4m	0%	no data
2.45%	Pieconomics Pty Ltd	2,346,181	R88.5m	0%	no data
1.87%	Sanlam Investment Management (Pty) Ltd.	1,785,450	R67.3m	0%	0.04%
1.36%	BNY Mellon Advisors, Inc.	1,304,977	R49.2m	0%	0.01%
1.06%	Perspective Investment Management (Pty) Ltd	1,017,275	R38.4m	0%	70.83%
0.93%	Deutsche Boerse AG, Asset Management Arm	886,914	R33.4m	0%	0.78%
0.79%	Scott Gilmour	754,185	R28.4m	0%	no data
0.52%	FirstRand International Wealth Management	495,545	R18.7m	0%	5.57%
0.46%	Allan Gray Proprietary Ltd.	439,580	R16.6m	0%	0.01%
0.14%	Counterpoint Private Capital (Pty) Ltd	130,000	R4.9m	0%	1.93%
0.11%	Gary Bell	109,660	R4.1m	-69.8%	no data
0.11%	FAL Invest (Pty) Ltd	101,459	R3.8m	0%	6.81%
0.068%	Korner Perspective (Pty) Ltd	65,000	R2.5m	-51.5%	2.81%
0.033%	Leon Goosen	31,300	R1.2m	0%	no data
0.021%	Sanlam Namibia Trust Managers Limited	20,541	R774.4k	0%	0.07%
0.021%	Southerncross Capital (Pty) Ltd	20,141	R759.3k	136%	1.32%
0.021%	Pyxis Investment Management (Pty) Ltd	20,000	R753.9k	0%	1.05%
0.015%	Dimensional Fund Advisors LP	14,090	R531.1k	0%	no data
0.015%	Douglas Morris	14,000	R527.8k	0%	no data
0.001%	Sindisiwe Mabaso-Koyana	1,000	R37.9k	0%	no data
0.001%	Bharti Harie	1,000	R37.9k	0%	no data
0.00003%	Ashley Bell	30	R1.1k	-98.8%	no data

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/24 16:56
End of Day Share Price	2024/12/24 00:00
Earnings	2024/06/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Bell Equipment Limited is covered by 3 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Paul Ross	Afrifocus Securities (Pty) Ltd.
Julian Benjamin Wentzel	Macquarie Research
John Arron	Rencap Securities (Pty) Limited