Recent Insider Transactions • Mar 31
Group COO & Executive Director recently sold R391k worth of stock On the 25th of March, Kevin Robertson sold around 10k shares on-market at roughly R41.00 per share. This transaction amounted to 2.7% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Kevin has been a net seller over the last 12 months, reducing personal holdings by R812k. Reported Earnings • Mar 04
First half 2026 earnings released: EPS: R2.04 (vs R1.79 in 1H 2025) First half 2026 results: EPS: R2.04 (up from R1.79 in 1H 2025). Revenue: R2.18b (up 8.5% from 1H 2025). Net income: R163.9m (up 13% from 1H 2025). Profit margin: 7.5% (up from 7.2% in 1H 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Mar 02
First half dividend increased to R1.20 Dividend of R1.20 is 13% higher than last year. Ex-date: 18th March 2026 Payment date: 23rd March 2026 Dividend yield will be 7.3%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by both earnings (83% earnings payout ratio) and cash flows (78% cash payout ratio). The dividend has increased by an average of 8.5% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 29% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Oct 30
Spur Corporation Ltd, Annual General Meeting, Dec 04, 2025 Spur Corporation Ltd, Annual General Meeting, Dec 04, 2025. Reported Earnings • Aug 22
Full year 2025 earnings released: EPS: R3.38 (vs R2.88 in FY 2024) Full year 2025 results: EPS: R3.38 (up from R2.88 in FY 2024). Revenue: R3.86b (up 11% from FY 2024). Net income: R273.1m (up 17% from FY 2024). Profit margin: 7.1% (up from 6.7% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 19% per year whereas the company’s share price has increased by 18% per year. Announcement • Aug 21
Spur Corporation Ltd to Report Fiscal Year 2025 Results on Oct 31, 2025 Spur Corporation Ltd announced that they will report fiscal year 2025 results at 12:00 PM, South Africa Standard Time on Oct 31, 2025 Recent Insider Transactions • Apr 14
Group COO & Executive Director recently sold R421k worth of stock On the 7th of April, Kevin Robertson sold around 13k shares on-market at roughly R31.50 per share. This transaction amounted to 3.7% 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, Kevin has been a net buyer over the last 12 months, purchasing a net total of R2.0m worth of shares. Upcoming Dividend • Mar 22
Upcoming dividend of R1.06 per share Eligible shareholders must have bought the stock before 26 March 2025. Payment date: 31 March 2025. Payout ratio is a comfortable 73% and this is well supported by cash flows. Trailing yield: 6.6%. Lower than top quartile of South African dividend payers (8.4%). Higher than average of industry peers (5.7%). Recent Insider Transactions • Mar 19
Group COO & Executive Director recently bought R2.5m worth of stock On the 10th of March, Kevin Robertson bought around 75k shares on-market at roughly R33.07 per share. This transaction amounted to 28% 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 Kevin's only on-market trade for the last 12 months. Reported Earnings • Mar 10
First half 2025 earnings released: EPS: R1.79 (vs R1.60 in 1H 2024) First half 2025 results: EPS: R1.79 (up from R1.60 in 1H 2024). Revenue: R2.01b (up 14% from 1H 2024). Net income: R144.8m (up 12% from 1H 2024). Profit margin: 7.2% (down from 7.3% in 1H 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. New Risk • Mar 09
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 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 June 2024 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Declared Dividend • Mar 07
Final dividend increased to R1.06 Dividend of R1.06 is 12% higher than last year. Ex-date: 26th March 2025 Payment date: 31st March 2025 Dividend yield will be 6.7%, which is lower than the industry average of 7.4%. Sustainability & Growth Dividend is covered by both earnings (74% earnings payout ratio) and cash flows (73% cash payout ratio). The dividend has increased by an average of 5.2% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 11% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Mar 05
Spur Corporation Ltd Announces Interim Dividend for Six Months Ended 31 December 2024, Payable on 31 March 2025 Spur Corporation Ltd. announced Interim dividend for six months ended 31 December 2024, payable on 31 March 2025. The company announced that
board of directors of the company has, on 3 March 2025, resolved to declare an interim gross cash dividend for the six months ended 31 December 2024 of ZAR 96.457 million (31 December 2023: ZAR 86.447 million) which equates to 106 cents per share (31 December 2023: 95 cents per share), and an increase of 11.6% on the prior period, for each of the 90,996,932 shares in issue, subject to the applicable tax levied in terms of the Income Tax Act (Act No. 58 of 1962), as amended (dividend withholding tax). The dividend has been declared from income reserves. Shares commence trading "ex dividend- 26 March 2025. Record date- 28 March 2025. Payment date- 31 March 2025. Announcement • Dec 06
Spur Corporation Ltd Approves Appointment of Social, Ethics and Environmental Sustainability Committee Spur Corporation Ltd. at the Annual General Meeting held on 5 December 2024 approved appointment of social, ethics and environmental sustainability committee: L Molebatsi; J Boggenpoel; S Zinn; K Robertson. Audit committee consist of C Fernandez (chair); J Boggenpoel; A Parker. Recent Insider Transactions Derivative • Dec 01
Group COO & Executive Director exercised options and sold R82k worth of stock On the 27th of November, Kevin Robertson exercised options to acquire 2k shares at no cost and sold these for an average price of R35.12 per share. This trade did not impact their existing holding. Since June 2024, Kevin's direct individual holding has increased from 15.70k shares to 259.81k. Company insiders have collectively bought R3.3m more than they sold, via options and on-market transactions, in the last 12 months. Announcement • Nov 01
Spur Corporation Ltd, Annual General Meeting, Dec 05, 2024 Spur Corporation Ltd, Annual General Meeting, Dec 05, 2024. Recent Insider Transactions Derivative • Oct 15
Group COO & Executive Director exercised options to buy R6.1m worth of stock. On the 7th of October, Kevin Robertson exercised options to buy 175k shares at a strike price of around R19.14, costing a total of R3.4m. This transaction amounted to 207% of their direct individual holding at the time of the trade. Since December 2023, Kevin's direct individual holding has increased from 15.70k shares to 259.81k. This was the only transaction from an insider over the last 12 months. Upcoming Dividend • Sep 06
Upcoming dividend of R1.18 per share Eligible shareholders must have bought the stock before 11 September 2024. Payment date: 16 September 2024. Payout ratio is a comfortable 74% and this is well supported by cash flows. Trailing yield: 6.0%. Lower than top quartile of South African dividend payers (7.9%). Higher than average of industry peers (5.2%). Declared Dividend • Aug 23
Final dividend increased to R1.18 Dividend of R1.18 is 7.3% higher than last year. Ex-date: 11th September 2024 Payment date: 16th September 2024 Dividend yield will be 6.1%, which is lower than the industry average of 7.4%. Sustainability & Growth Dividend is covered by both earnings (5% earnings payout ratio) and cash flows (70% cash payout ratio). The dividend has increased by an average of 6.2% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 11% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 22
Full year 2024 earnings released: EPS: R2.88 (vs R2.60 in FY 2023) Full year 2024 results: EPS: R2.88 (up from R2.60 in FY 2023). Revenue: R3.47b (up 14% from FY 2023). Net income: R233.6m (up 10% from FY 2023). Profit margin: 6.7% (down from 7.0% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. Announcement • Aug 21
Spur Corporation Ltd Announces Cash Dividend for the Year Ended 30 June 2024, Payable on 16 September 2024 Spur Corporation Ltd. declared a final gross cash dividend for the year ended 30 June 2024 of R107.4 million, which equates to 118.0 cents per share and the full-year dividend increasing by 10.9% to 213.0 cents per share, for
each of the 90 996 932 shares in issue, subject to the applicable tax levied in terms of the Income Tax Act (Act No. 58 of 1962), as amended (dividend withholding tax). Shares commence trading "ex dividend" 11 September 2024
Record date 13 September 2024. Payment date 16 September 2024. Valuation Update With 7 Day Price Move • Jul 03
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to R35.89, the stock trades at a trailing P/E ratio of 12.7x. Average trailing P/E is 12x in the Hospitality industry in South Africa. Total returns to shareholders of 141% over the past three years. Upcoming Dividend • Mar 12
Upcoming dividend of R0.95 per share Eligible shareholders must have bought the stock before 19 March 2024. Payment date: 25 March 2024. Payout ratio is a comfortable 73% and this is well supported by cash flows. Trailing yield: 6.9%. Lower than top quartile of South African dividend payers (8.9%). Lower than average of industry peers (7.7%). Board Change • Feb 01
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. 9 experienced directors. No highly experienced directors. CFO & Executive Director Cristina M. Teixeira was the last director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Announcement • Nov 01
Spur Corporation Ltd, Annual General Meeting, Dec 01, 2023 Spur Corporation Ltd, Annual General Meeting, Dec 01, 2023, at 11:00 South Africa Standard Time. Upcoming Dividend • Sep 06
Upcoming dividend of R1.10 per share at 7.8% yield Eligible shareholders must have bought the stock before 13 September 2023. Payment date: 18 September 2023. Payout ratio is a comfortable 74% and this is well supported by cash flows. Trailing yield: 7.8%. Lower than top quartile of South African dividend payers (9.5%). Higher than average of industry peers (7.0%). Announcement • Aug 24
Spur Corporation Ltd to Report Fiscal Year 2023 Final Results on Oct 31, 2023 Spur Corporation Ltd announced that they will report fiscal year 2023 final results on Oct 31, 2023 Announcement • Aug 23
Spur Corporation Ltd Declares Final Gross Cash Dividend for the Year Ended 30 June 2023, Payable on 18 September 2023 Spur Corporation Ltd. declares final gross cash dividend of ZAR 100.1 million which equates to 110.0 cents per share for each of the 90,996,932 shares in issue, subject to the applicable tax levied in terms of the Income Tax Act (Act No. 58 of 1962), as amended (dividend withholding tax). Shares commence trading "ex dividend" OF 13 September 2023. Record date, 15 September 2023. Payment date 18 September 2023. Reported Earnings • Aug 23
Full year 2023 earnings released: EPS: R2.60 (vs R1.44 in FY 2022) Full year 2023 results: EPS: R2.60 (up from R1.44 in FY 2022). Revenue: R3.05b (up 27% from FY 2022). Net income: R212.2m (up 75% from FY 2022). Profit margin: 7.0% (up from 5.1% in FY 2022). 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 20% per year, which means it is significantly lagging earnings growth. Announcement • Aug 08
Spur Corporation Ltd to Report Fiscal Year 2023 Results on Aug 22, 2023 Spur Corporation Ltd announced that they will report fiscal year 2023 results on Aug 22, 2023 Announcement • Jul 29
Spur Corporation Ltd signed an agreement to acquire a 60% stake in Doppio Group. Spur Corporation Ltd signed an agreement to acquire a 60% stake in Doppio Group on July 27, 2023. Paul Christie and Miki Milovanovic will continue as executives for at least five years. The transaction is subject to approval of competition authorities. The transaction is expected to close by September 1, 2023. As of year ended February 2023, Doppio Group reported the revenue of ZAR 600 million. Upcoming Dividend • Mar 08
Upcoming dividend of R0.82 per share at 6.8% yield Eligible shareholders must have bought the stock before 15 March 2023. Payment date: 20 March 2023. Payout ratio is a comfortable 68% and this is well supported by cash flows. Trailing yield: 6.8%. Lower than top quartile of South African dividend payers (9.0%). Higher than average of industry peers (4.6%). Reported Earnings • Feb 25
First half 2023 earnings released: EPS: R1.37 (vs R0.70 in 1H 2022) First half 2023 results: EPS: R1.37 (up from R0.70 in 1H 2022). Revenue: R1.53b (up 248% from 1H 2022). Net income: R112.2m (up 90% from 1H 2022). Profit margin: 7.3% (down from 13% in 1H 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
High number of new directors There are 7 new directors who have joined the board in the last 3 years. CFO & Executive Director Cristina M. Teixeira was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Sep 17
Spur Corporation Ltd, Annual General Meeting, Dec 09, 2022 Spur Corporation Ltd, Annual General Meeting, Dec 09, 2022. Upcoming Dividend • Sep 07
Upcoming dividend of R0.78 per share Eligible shareholders must have bought the stock before 14 September 2022. Payment date: 19 September 2022. Payout ratio is on the higher end at 88%, however this is supported by cash flows. Trailing yield: 6.8%. Lower than top quartile of South African dividend payers (8.8%). Higher than average of industry peers (4.0%). Reported Earnings • Aug 20
Full year 2022 earnings released: EPS: R1.44 (vs R1.11 in FY 2021) Full year 2022 results: EPS: R1.44 (up from R1.11 in FY 2021). Revenue: R2.39b (up 251% from FY 2021). Net income: R121.2m (up 30% from FY 2021). Profit margin: 5.1% (down from 14% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 11% 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. Announcement • Aug 15
Spur Corporation Ltd to Report Fiscal Year 2022 Results on Aug 19, 2022 Spur Corporation Ltd announced that they will report fiscal year 2022 results on Aug 19, 2022 Board Change • Apr 27
High number of new and inexperienced directors There are 9 new directors who have joined the board in the last 3 years. The company's board is composed of: 9 new directors. 1 experienced director. No highly experienced directors. Independent Non-Executive Chairman Mike Bosman is the most experienced director on the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Upcoming Dividend • Mar 09
Upcoming dividend of R0.49 per share Eligible shareholders must have bought the stock before 16 March 2022. Payment date: 22 March 2022. Payout ratio is on the higher end at 85%, however this is supported by cash flows. Trailing yield: 4.3%. Lower than top quartile of South African dividend payers (7.6%). Higher than average of industry peers (2.1%). Reported Earnings • Mar 02
First half 2022 earnings: Revenues and EPS in line with analyst expectations First half 2022 results: EPS: R0.70 (up from R0.32 in 1H 2021). Revenue: R440.7m (up 40% from 1H 2021). Net income: R59.0m (up 120% from 1H 2021). Profit margin: 13% (up from 8.5% 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 fallen by 26% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Announcement • Feb 25
Spur Corporation Ltd Declares Gross Interim Cash Dividend for the Six Months Ended December 31, 2021, Payable March 22, 2022 Spur Corporation Ltd. announced that the board of directors of the company has, on February 22, 2022, resolved to declare a gross interim cash dividend for the six months ended December 31, 2021 of ZAR 44.588 million, which equates to 49.0 cents per share for each of the 90,966,932 shares in issue, subject to the applicable tax levied in terms of the Income Tax Act, as amended. The dividend has been declared from income reserves. The dividend withholding tax is 20% and a net dividend of 39.2 cents per share will be paid to those shareholders who are not exempt from dividend withholding tax. The payment date is March 22, 2022 with record date as March 18, 2022and ex-dividend is March 16, 2022. Upcoming Dividend • Oct 13
Upcoming dividend of R0.78 per share Eligible shareholders must have bought the stock before 20 October 2021. Payment date: 25 October 2021. Trailing yield: 3.8%. Lower than top quartile of South African dividend payers (8.1%). Higher than average of industry peers (2.9%). Reported Earnings • Sep 24
Full year 2021 earnings released: EPS R1.11 (vs R0.77 in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: R681.4m (down 11% from FY 2020). Net income: R93.1m (up 39% from FY 2020). Profit margin: 14% (up from 8.8% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Reported Earnings • Mar 08
First half 2021 earnings released: EPS R0.32 (vs R1.26 in 1H 2020) The company reported a poor first half result with weaker earnings, revenues and profit margins. First half 2021 results: Revenue: R314.2m (down 40% from 1H 2020). Net income: R26.8m (down 76% from 1H 2020). Profit margin: 8.5% (down from 22% in 1H 2020). Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Announcement • Mar 03
Spur Corporation Ltd Appoints Donfrey Meyer as Company Secretary Spur Corporation Ltd. announced that Mr. Donfrey Meyer has been appointed as the company secretary with effect from 1 March 2021. The board has considered whether, and concluded that, Mr. Meyer has the necessary knowledge and experience to act as company secretary to the company and welcomes him to his new position. Announcement • Feb 25
Spur Corporation Ltd to Report First Half, 2021 Results on Mar 02, 2021 Spur Corporation Ltd announced that they will report first half, 2021 results on Mar 02, 2021 Is New 90 Day High Low • Feb 15
New 90-day high: R19.42 The company is up 9.0% from its price of R17.75 on 17 November 2020. The South African market is up 16% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Hospitality industry, which is up 6.0% over the same period. Executive Departure • Feb 02
CFO & Executive Director has left the company On the 31st of January, Phillip Matthee's tenure as CFO & Executive Director ended after 2.8 years in the role. As of September 2020, Phillip personally held only 10.00k shares (R142k worth at the time). A total of 6 executives have left over the last 12 months. Announcement • Jan 22
Spur Corporation Ltd Announces the Demise of Graeme Kiewitz, Executive Director and Group Human Resources Executive Spur Corporation Ltd. announced that Graeme Kiewitz, executive director and group human resources executive, passed away on 18 January 2021 following a Covid-19 related illness. Announcement • Nov 10
Spur Corporation Limited Provides Earnings Guidance for the Year 2020 Spur Corporation Limited provided earnings guidance for the year ended June 30, 2020. The company previously provided that it anticipated that earnings per share ("EPS") and headline earnings per share ("HEPS") for the year to 30 June 2020 ("current year") were likely to decline by at least 40% relative to the prior year. For the year, the company now expects EPS in the range of 71.21 cents to 79.90 cents, a decline of 59% to 54%, diluted EPS in the range of 71.02 cents to 79.68 cents, a decline of 59% to 54%, HEPS in the range of 78.16 cents to 86.84 cents, a decline of 55% to 50%, and diluted HEPS in the range of 77.94 cents to 86.61 cents, a decline of 55% to 50%. Announcement • Oct 31
Spur Corporation Limited Announces Appointment of Cora Fernandez as Lead Independent Non-Executive Director with Effect from November 2, 2020 Spur Corporation Limited announced that Cora Fernandez, currently an independent non-executive director, has been appointed as the Lead Independent Non-Executive Director for a one-year term with effect from November 2, 2020. As lead independent director, Cora will perform specific duties in accordance with the recommendations contained in the King IV Report on Corporate Governance for South Africa 2016. Announcement • Oct 10
Spur Corporation Limited Announces Update on Reopening of Restaurants Spur Corporation Limited announced that the number of restaurants trading has grown consistently since June 2020 and by the end of September 2020, 600 of the group's 631 restaurants had reopened. Announcement • Jul 21
Spur Corporation Limited Announces Retirement of Pierre Van Tonder as Chief Executive Officer, Effective At the End of December 2020 Spur Corporation Limited announced chief executive officer ("CEO") Pierre van Tonder is to retire from the group at the end of December 2020 after 38 years' service. Pierre (61) has served as managing director/CEO since 1996. He joined the group in 1982 as a junior restaurant manager and was appointed to the holding company board 10 years later. The Remuneration and Nominations Committee of the board has initiated a selection process to identify a new CEO which will consider both internal and external candidates.