Upcoming Dividend • Jun 03
Upcoming dividend of R0.041 per share Eligible shareholders must have bought the stock before 10 June 2026. Payment date: 15 June 2026. Payout ratio is a comfortable 66% but the company is not cash flow positive. Trailing yield: 8.9%. Within top quartile of South African dividend payers (7.6%). Higher than average of industry peers (3.4%). Reported Earnings • May 23
Full year 2026 earnings released: EPS: R0.15 (vs R0.07 in FY 2025) Full year 2026 results: EPS: R0.15 (up from R0.07 in FY 2025). Revenue: R1.80b (up 6.6% from FY 2025). Net income: R69.4m (up 118% from FY 2025). Profit margin: 3.9% (up from 1.9% in FY 2025). Over the last 3 years on average, earnings per share has increased by 129% per year but the company’s share price has only increased by 43% per year, which means it is significantly lagging earnings growth. New Risk • May 23
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 74% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.9x net interest cover). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (10% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (R456.6m market cap, or US$27.8m). New Risk • May 18
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended August 2025. 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: Major Risk Interest payments are not well covered by earnings (1.6x net interest cover). Minor Risks Latest financial reports are more than 6 months old (reported August 2025 fiscal period end). Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (9.7% average weekly change). Market cap is less than US$100m (R520.5m market cap, or US$31.2m). Announcement • May 08
Finbond Group Limited to Report Fiscal Year 2026 Results on May 29, 2026 Finbond Group Limited announced that they will report fiscal year 2026 results on May 29, 2026 New Risk • May 06
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 South African stocks, typically moving 9.8% 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 (1.6x net interest cover). Share price has been highly volatile over the past 3 months (9.8% average weekly change). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (R456.6m market cap, or US$27.4m). Recent Insider Transactions • Dec 03
Non-Executive Director recently bought R120k worth of stock On the 28th of November, Sean Riskowitz bought around 95k shares on-market at roughly R1.26 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. Insiders have collectively bought R2.9m more in shares than they have sold in the last 12 months. Upcoming Dividend • Nov 12
Upcoming dividend of R0.055 per share Eligible shareholders must have bought the stock before 19 November 2025. Payment date: 24 November 2025. Payout ratio is a comfortable 74% but the company is not cash flow positive. Trailing yield: 8.6%. Within top quartile of South African dividend payers (7.9%). Higher than average of industry peers (7.4%). Announcement • Oct 24
Finbond Group Limited Announces Committee Appointments Finbond Group Limited at its AGM held on October 24, 2025, approved: Election of Ms H Wilken-Jonker to the Social and Ethics Committee, Election of Dr M Motlatla to the Social and Ethics Committee, Election of Adv N Melville to the Social and Ethics Committee. Valuation Update With 7 Day Price Move • Oct 10
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to R1.13, the stock trades at a trailing P/E ratio of 16.2x. Average trailing P/E is 13x in the Consumer Finance industry in Africa. Total returns to shareholders of 290% over the past three years. Announcement • Sep 18
Finbond Group Limited to Report First Half, 2026 Results on Oct 31, 2025 Finbond Group Limited announced that they will report first half, 2026 results on Oct 31, 2025 Recent Insider Transactions • Sep 03
Non-Executive Director recently bought R89k worth of stock On the 29th of August, Sean Riskowitz bought around 86k shares on-market at roughly R1.04 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 purchase worth R433k. Insiders have collectively bought R2.8m more in shares than they have sold in the last 12 months. Valuation Update With 7 Day Price Move • Jul 10
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to R1.10, the stock trades at a trailing P/E ratio of 15.8x. Average trailing P/E is 10x in the Consumer Finance industry in Africa. Total returns to shareholders of 184% over the past three years. Recent Insider Transactions • Jul 09
Non-Executive Director recently bought R433k worth of stock On the 1st of July, Sean Riskowitz bought around 481k shares on-market at roughly R0.90 per share. This transaction amounted to 2.3% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought R2.7m more in shares than they have sold in the last 12 months. New Risk • Jun 29
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: R1.9m This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.5x net interest cover). Dividend is not well covered by earnings and cash flows. Payout ratio: 137% Paying a dividend despite having no free cash flows. Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Significant insider selling over the past 3 months (R1.9m sold). Market cap is less than US$100m (R410.9m market cap, or US$23.0m). Announcement • Jun 14
Finbond Group Limited, Annual General Meeting, Oct 24, 2025 Finbond Group Limited, Annual General Meeting, Oct 24, 2025. Location: rigel park, 446 rigel ave south, erasmusrand, pretoria South Africa Recent Insider Transactions • Jun 10
Non-Executive Director recently sold R1.9m worth of stock On the 4th of June, Sean Riskowitz sold around 2m shares on-market at roughly R0.84 per share. This transaction amounted to 9.8% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought R2.6m more than they sold in the last 12 months. New Risk • May 29
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 137% The company is paying a dividend despite having no free cash flows. Dividend yield: 12% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain 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 Interest payments are not well covered by earnings (1.5x net interest cover). Share price has been highly volatile over the past 3 months (12% average weekly change). Dividend is not well covered by earnings and cash flows. Payout ratio: 137% Paying a dividend despite having no free cash flows. Minor Risk Market cap is less than US$100m (R365.3m market cap, or US$20.5m). Reported Earnings • May 25
Full year 2025 earnings released: EPS: R0.07 (vs R0.001 in FY 2024) Full year 2025 results: EPS: R0.07 (up from R0.001 in FY 2024). Revenue: R1.69b (up 8.0% from FY 2024). Net income: R31.8m (up R31.2m from FY 2024). Profit margin: 1.9% (up from 0% in FY 2024). Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Announcement • May 16
Finbond Group Limited to Report Fiscal Year 2025 Results on May 30, 2025 Finbond Group Limited announced that they will report fiscal year 2025 results at 12:00 PM, South Africa Standard Time on May 30, 2025 Recent Insider Transactions • Apr 02
Non-Executive Director recently bought R4.0m worth of stock On the 28th of March, Sean Riskowitz bought around 8m shares on-market at roughly R0.54 per share. This transaction amounted to 20% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought R4.5m more in shares than they have sold in the last 12 months. Upcoming Dividend • Mar 19
Upcoming dividend of R0.096 per share Eligible shareholders must have bought the stock before 26 March 2025. Payment date: 28 March 2025. The company last paid an ordinary dividend in March 2014. The average dividend yield among industry peers is 6.9%. 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. 7 experienced directors. 1 highly experienced director. Non-Executive Director Sean Riskowitz was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Dec 01
First half 2025 earnings released: R0.023 loss per share (vs R0.014 loss in 1H 2024) First half 2025 results: R0.023 loss per share. Revenue: R799.3m (up 7.2% from 1H 2024). Net loss: R10.6m (loss narrowed 3.2% from 1H 2024). Announcement • Oct 07
Finbond Group Limited Announces Committees Change Finbond Group Limited advised that Mr. Sean Riskowitz (Non-Executive Director) has been appointed as a member of the Finbond Risk Committee and will replace Adv Neville Melville (Independent Non- Executive Director) on the Finbond Investment Committee, effective 4 October 2024. The compositions of the Risk Committee and Investment Committee following the changes are set out below. Risk Committee Members: Mr. Piet Naudé - Independent Non-Executive Director, Mr. Danie Pentz - Independent Non-Executive Director, Adv Neville Melville - Independent Non-Executive Director and Mr. Sean Riskowitz - Non-Executive Director. Investment Committee Members: Mr. Piet Naudé Independent Non-Executive Director, Mr. Danie Pentz Independent Non-Executive Director and Mr. Sean Riskowitz Non-Executive Director. Announcement • Jun 21
Finbond Group Limited, Annual General Meeting, Oct 25, 2024 Finbond Group Limited, Annual General Meeting, Oct 25, 2024. Recent Insider Transactions • Jun 20
Non-Executive Director recently bought R177k worth of stock On the 13th of June, Sean Riskowitz bought around 324k shares on-market at roughly R0.55 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. Insiders have collectively bought R6.2m more in shares than they have sold in the last 12 months. Reported Earnings • Jun 04
Full year 2024 earnings released: EPS: R0.001 (vs R0.32 loss in FY 2023) Full year 2024 results: EPS: R0.001 (up from R0.32 loss in FY 2023). Revenue: R1.57b (down 20% from FY 2023). Net income: R557.0k (up R265.6m from FY 2023). Profit margin: 0% (up from net loss in FY 2023). 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 34% per year, which means it is significantly lagging earnings. New Risk • May 26
New major risk - Financial data availability The company's latest financial reports are more than a year old. Last reported fiscal period ended February 2023. This is considered a major 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. In the worst case scenario, it may be facing other major going concern issues jeopardizing its viability as a listed company. Currently, the following risks have been identified for the company: Major Risks Latest financial reports are more than 1 year old (reported February 2023 fiscal period end). Share price has been highly volatile over the past 3 months (13% average weekly change). Minor Risk Market cap is less than US$100m (R325.6m market cap, or US$17.7m). Recent Insider Transactions • Mar 03
Independent Non-Executive Director recently bought R5.3m worth of stock On the 23rd of February, Sean Riskowitz bought around 18m shares on-market at roughly R0.30 per share. This transaction amounted to 96% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought R6.0m more in shares than they have sold in the last 12 months. Recent Insider Transactions • Feb 12
Independent Non-Executive Director recently bought R549k worth of stock On the 5th of February, Sean Riskowitz bought around 2m shares on-market at roughly R0.30 per share. This transaction amounted to 11% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought R644k more in shares than they have sold in the last 12 months. Announcement • Sep 23
Finbond Group Limited to Report First Half, 2024 Results on Oct 27, 2023 Finbond Group Limited announced that they will report first half, 2024 results on Oct 27, 2023 Announcement • Jul 23
Finbond Group Limited Announces Resignation of Tyrone Moodley as Alternate Independent Non-Executive Director Finbond Group Limited advised shareholders of the resignation of Mr. Tyrone Moodley as alternate independent non-executive director of Finbond with immediate effect to afford his time to other business interests. Announcement • Jun 16
Finbond Group Limited, Annual General Meeting, Oct 27, 2023 Finbond Group Limited, Annual General Meeting, Oct 27, 2023, at 14:00 South Africa Standard Time. Announcement • Jun 03
Finbond Group Limited (JSE:FGL) entered into an agreement to acquire 49% stake in Trustco Finance (Pty) Ltd. from Trustco Group Holdings Limited (NMSE:TUC) for R$60 million. Finbond Group Limited (JSE:FGL) entered into an agreement to acquire 49% stake in Trustco Finance (Pty) Ltd. from Trustco Group Holdings Limited (NMSE:TUC) for R$60 million on June 2, 2023. The salient terms of the Transaction are as follows: The purchase consideration payable by Finbond will be R60 million for 49% of the shares in Trustco Finance. 50% of the purchase consideration set out above will be payable in cash on the signature of the definitive agreement on or before 31 July 2023. The remaining 50% of the purchase consideration will be payable when the Balance Sheet of Trustco Finance as at 31 August 2023 has been restructured to simplify the structure of Trustco Finance and to reflect the intention of the parties and has been audited without any qualification or modification. The anticipated effective date of the Transaction will be 1 August 2023. The Transaction remains subject to the following conditions precedent: Finbond’s Board and Investment Committee Approval; Trustco Finance’s Board and Investment Committee approval; All regulatory approval as required; and Finalisation of a satisfactory due diligence investigation. Reported Earnings • May 28
Full year 2023 earnings released: R0.32 loss per share (vs R0.29 loss in FY 2022) Full year 2023 results: R0.32 loss per share (further deteriorated from R0.29 loss in FY 2022). Revenue: R1.97b (up 23% from FY 2022). Net loss: R265.0m (loss widened 8.6% from FY 2022). Over the last 3 years on average, earnings per share has fallen by 48% per year whereas the company’s share price has fallen by 49% per year. Recent Insider Transactions • Jan 14
Non-Executive Director recently bought R1.9m worth of stock On the 11th of January, Sean Riskowitz bought around 6m shares on-market at roughly R0.30 per share. This transaction amounted to 58% 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 the only on-market transaction from insiders over the last 12 months. Reported Earnings • Nov 03
First half 2023 earnings released: R0.11 loss per share (vs R0.063 loss in 1H 2022) First half 2023 results: R0.11 loss per share (further deteriorated from R0.063 loss in 1H 2022). Revenue: R951.1m (up 18% from 1H 2022). Net loss: R91.2m (loss widened 70% from 1H 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 16 percentage points per year, which is a significant difference in performance. Announcement • Oct 08
Finbond Group Limited to Report First Half, 2023 Results on Oct 31, 2022 Finbond Group Limited announced that they will report first half, 2023 results on Oct 31, 2022 Announcement • Jun 18
Finbond Group Limited, Annual General Meeting, Jul 29, 2022 Finbond Group Limited, Annual General Meeting, Jul 29, 2022, at 14:00 South Africa Standard Time. Reported Earnings • May 29
Full year 2022 earnings released: R0.29 loss per share (vs R0.34 loss in FY 2021) Full year 2022 results: R0.29 loss per share (up from R0.34 loss in FY 2021). Revenue: R1.62b (down 13% from FY 2021). Net loss: R244.1m (loss narrowed 17% from FY 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 44 percentage points per year, which is a significant difference in performance. Announcement • May 14
Finbond Group Limited to Report Fiscal Year 2022 Results on May 31, 2022 Finbond Group Limited announced that they will report fiscal year 2022 results on May 31, 2022 Reported Earnings • Nov 03
First half 2022 earnings released: R0.063 loss per share (vs R0.16 loss in 1H 2021) The company reported a decent first half result with reduced losses and improved control over expenses, although revenues were weaker. First half 2022 results: Revenue: R804.9m (down 14% from 1H 2021). Net loss: R53.5m (loss narrowed 62% from 1H 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 91 percentage points per year, which is a significant difference in performance. Reported Earnings • Jun 01
Full year 2021 earnings released: R0.34 loss per share (vs R0.11 profit in FY 2020) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2021 results: Revenue: R1.89b (down 28% from FY 2020). Net loss: R295.4m (down 403% from profit in FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 96 percentage points per year, which is a significant difference in performance. Announcement • May 25
Finbond Group Limited (JSE:FGL) agreed to acquire 25% stake in CEGE CAPITAL SAPI, de CV for $18.8 million. Finbond Group Limited (JSE:FGL) agreed to acquire 25% stake in CEGE CAPITAL SAPI, de CV for $18.8 million on May 24, 2021. As per the transaction, Finbond Group Limited would also have an option to acquire a further 10% of CEGE CAPITAL SAPI, de CV’s shares to increase its shareholding up to 35% by August 31, 2021 by way of an offer for subscription and/or sale. The purchase consideration would be payable in cash on the closing date of the transaction. Currently Microfin CEGE S.A. de C.V. and Controladora RRL S.A.P.I. de C.V. holds 39.5% stake, Credito Real, S.A.B. de C.V., SOFOM, E.N.R. holds 38%, and Credex holds 22.5% stake in CEGE CAPITAL SAPI, de CV. Finbond Group Limited intends to fund the Contigo Transaction from surplus cash on hand. As on April 31, 2021, CEGE CAPITAL SAPI, de CV generated EBITDA of $14.6 million. The transaction is subject to negotiation and execution of a definitive agreement, Finbond Group Limited’s board and investment Committee approval, CEGE CAPITAL SAPI, de CV’s board and shareholder approval and finalisation of a satisfactory due diligence investigation by Finbond Group Limited. The transaction is expected to complete on August 1, 2021. Executive Departure • Mar 24
Non-Executive Director has left the company On the 19th of March, Alexander Michael Smith's tenure in the role of Non-Executive Director ended. We don't have any record of a personal shareholding under Alexander Michael's name. Alexander Michael is the only executive to leave the company over the last 12 months. Announcement • Mar 21
Finbond Group Limited Announces Resignation of Alex Smith as Non-Executive Director Finbond Group Limited announced the resignation of Mr. Alex Smith as non-executive director of Finbond with immediate effect. Mr. Smith has indicated that his other commitments have recently increased significantly and that he
does not have the capacity to apply the necessary diligence to the role of non-executive director at Finbond. He did not anticipate this situation when accepting the appointment last year. Announcement • Feb 27
Finbond Group Limited to Report Fiscal Year 2021 Results on May 31, 2021 Finbond Group Limited announced that they will report fiscal year 2021 results on May 31, 2021 Is New 90 Day High Low • Feb 03
New 90-day high: R1.25 The company is up 10.0% from its price of R1.14 on 05 November 2020. The South African market is up 15% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Mortgage industry, which is down 4.0% over the same period. Is New 90 Day High Low • Jan 15
New 90-day low: R0.94 The company is down 29% from its price of R1.33 on 16 October 2020. The South African market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Mortgage industry, which is down 11% over the same period. Is New 90 Day High Low • Dec 14
New 90-day low: R0.95 The company is down 31% from its price of R1.37 on 15 September 2020. The South African market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Mortgage industry, which is down 11% over the same period. Reported Earnings • Oct 25
First half earnings released Over the last 12 months the company has reported total losses of R88.0m, with losses widening by R80.8m from the prior year. Total revenue was R2.25b over the last 12 months, down 13% from the prior year. Valuation Update With 7 Day Price Move • Oct 17
Market bids up stock over the past week After last week's 24% share price gain to R1.33, the stock is trading at a trailing P/E ratio of 12.6x, up from the previous P/E ratio of 10.1x. This compares to an average P/E of 11x in the Mortgage industry. Total return to shareholders over the past three years is a loss of 56%. Valuation Update With 7 Day Price Move • Oct 14
Market bids up stock over the past week After last week's 16% share price gain to R1.15, the stock is trading at a trailing P/E ratio of 10.9x, up from the previous P/E ratio of 9.4x. This compares to an average P/E of 11x in the Mortgage industry. Total return to shareholders over the past three years is a loss of 62%. Announcement • Oct 03
Finbond Group Limited to Report First Half, 2021 Results on Oct 23, 2020 Finbond Group Limited announced that they will report first half, 2021 results on Oct 23, 2020 Is New 90 Day High Low • Sep 26
New 90-day low: R1.19 The company is down 48% from its price of R2.30 on 26 June 2020. The South African market is down 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Mortgage industry, which is down 18% over the same period. 