Valuation Update With 7 Day Price Move • 2h
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to R9.50, the stock trades at a trailing P/E ratio of 2.4x. Average trailing P/E is 8x in the Real Estate industry in South Africa. Total returns to shareholders of 111% over the past three years. Valuation Update With 7 Day Price Move • Dec 30
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to R11.00, the stock trades at a trailing P/E ratio of 2.8x. Average trailing P/E is 6x in the Real Estate industry in South Africa. Total returns to shareholders of 50% over the past three years. Reported Earnings • Dec 01
First half 2026 earnings released: EPS: R1.45 (vs R1.73 in 1H 2025) First half 2026 results: EPS: R1.45 (down from R1.73 in 1H 2025). Revenue: R813.0m (up 8.4% from 1H 2025). Net income: R556.1m (down 11% from 1H 2025). Profit margin: 68% (down from 83% in 1H 2025). Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Nov 27
Investor sentiment improves as stock rises 29% After last week's 29% share price gain to R9.17, the stock trades at a trailing P/E ratio of 2.2x. Average trailing P/E is 6x in the Real Estate industry in South Africa. Total returns to shareholders of 72% over the past three years. Valuation Update With 7 Day Price Move • Oct 02
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to R8.70, the stock trades at a trailing P/E ratio of 2.1x. Average trailing P/E is 6x in the Real Estate industry in South Africa. Total returns to shareholders of 77% over the past three years. Recent Insider Transactions • Aug 20
CEO & Executive Director recently bought R604k worth of stock On the 15th of August, Kiriakos Anastasiadis bought around 76k shares on-market at roughly R8.00 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. This was Kiriakos' only on-market trade for the last 12 months. Announcement • Aug 13
Acsion Limited Approves Committee Appointments Acsion Limited announced at the AGM held on August 11, 2025, approved Appointment of PD Sekete as Chairperson and as a member of the Social and Ethics Committee; A Kyriazis, K Anastasiaidis and L Osrin-Karp as a member of the Social and Ethics Committee. Board Change • Aug 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. 4 experienced directors. 2 highly experienced directors. Independent Non-Executive Chairman Hector Zarca was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Jul 15
Investor sentiment improves as stock rises 33% After last week's 33% share price gain to R8.74, the stock trades at a trailing P/E ratio of 2.1x. Average trailing P/E is 6x in the Real Estate industry in South Africa. Total returns to shareholders of 88% over the past three years. Upcoming Dividend • Jul 09
Upcoming dividend of R0.20 per share Eligible shareholders must have bought the stock before 16 July 2025. Payment date: 21 July 2025. Payout ratio is a comfortable 9.2% and this is well supported by cash flows. Trailing yield: 5.8%. Lower than top quartile of South African dividend payers (8.3%). Lower than average of industry peers (7.9%). Reported Earnings • Jul 02
Full year 2025 earnings released: EPS: R4.13 (vs R2.70 in FY 2024) Full year 2025 results: EPS: R4.13 (up from R2.70 in FY 2024). Revenue: R1.54b (up 7.3% from FY 2024). Net income: R1.59b (up 53% from FY 2024). Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 18% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jul 02
Acsion Limited Declares Final Cash Gross Dividend, Payable on 21 July 2025 On 29 June 2025, the board of directors of Acsion Limited declared a final cash gross dividend of 20 cents per ordinary share, payable out of income reserves to all shareholders of Acsion Limited. Last day to trade cum dividend is 15 July 2025, Shares commence trading ex dividend is 16 July 2025, Record date is 18 July 2025 and Payment date is 21 July 2025. Valuation Update With 7 Day Price Move • Jun 26
Investor sentiment deteriorates as stock falls 33% After last week's 33% share price decline to R5.54, the stock trades at a trailing P/E ratio of 2.6x. Average trailing P/E is 6x in the Real Estate industry in South Africa. Total returns to shareholders of 30% over the past three years. New Risk • Jun 17
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended August 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: Major Risk Share price has been highly volatile over the past 3 months (70% average daily change). Minor Risks Latest financial reports are more than 6 months old (reported August 2024 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (55% net profit margin). Valuation Update With 7 Day Price Move • Jun 11
Investor sentiment improves as stock rises 43% After last week's 43% share price gain to R8.01, the stock trades at a trailing P/E ratio of 3.7x. Average trailing P/E is 6x in the Real Estate industry in South Africa. Total returns to shareholders of 82% over the past three years. Valuation Update With 7 Day Price Move • May 27
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to R7.50, the stock trades at a trailing P/E ratio of 3.5x. Average trailing P/E is 5x in the Real Estate industry in South Africa. Total returns to shareholders of 84% over the past three years. Valuation Update With 7 Day Price Move • May 05
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to R8.39, the stock trades at a trailing P/E ratio of 3.9x. Average trailing P/E is 4x in the Real Estate industry in South Africa. Total returns to shareholders of 97% over the past three years. Valuation Update With 7 Day Price Move • Apr 19
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to R7.00, the stock trades at a trailing P/E ratio of 3.3x. Average trailing P/E is 4x in the Real Estate industry in South Africa. Total returns to shareholders of 48% over the past three years. Valuation Update With 7 Day Price Move • Apr 03
Investor sentiment deteriorates as stock falls 31% After last week's 31% share price decline to R4.50, the stock trades at a trailing P/E ratio of 2.1x. Average trailing P/E is 4x in the Real Estate industry in South Africa. Total returns to shareholders of 32% over the past three years. New Risk • Mar 26
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 25% 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 Risk Share price has been highly volatile over the past 3 months (25% average weekly change). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (55% net profit margin). Market cap is less than US$100m (R404.1m market cap, or US$22.1m). Valuation Update With 7 Day Price Move • Jan 23
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to R7.99, the stock trades at a trailing P/E ratio of 3.7x. Average trailing P/E is 4x in the Real Estate industry in South Africa. Total returns to shareholders of 124% over the past three years. New Risk • Jan 15
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of South African stocks, typically moving 6.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.4% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (55% net profit margin). Upcoming Dividend • Dec 13
Upcoming dividend of R0.18 per share Eligible shareholders must have bought the stock before 18 December 2024. Payment date: 23 December 2024. Payout ratio is a comfortable 15% 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 (6.8%). Declared Dividend • Dec 13
First half dividend increased to R0.18 Dividend of R0.18 is 9.8% higher than last year. Ex-date: 18th December 2024 Payment date: 23rd December 2024 Dividend yield will be 4.8%, which is lower than the industry average of 8.8%. Sustainability & Growth Dividend is well covered by both earnings (15% earnings payout ratio) and cash flows (17% cash payout ratio). The dividend has increased by an average of 14% per year over the past 7 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 83% to shift the payout ratio to a potentially unsustainable range, which is more than the 1.6% EPS decline seen over the last 5 years. New Risk • Dec 04
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 58% Last year net profit margin: 95% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (13% average weekly change). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (58% net profit margin). Declared Dividend • Dec 02
Final dividend of R0.18 announced Shareholders will receive a dividend of R0.18. Ex-date: 18th December 2024 Payment date: 23rd December 2024 Dividend yield will be 4.8%, which is lower than the industry average of 8.8%. Sustainability & Growth The dividend has increased by an average of 14% per year over the past 7 years. However, payments have been volatile during that time. Earnings per share has grown by 2.9% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Valuation Update With 7 Day Price Move • Oct 14
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to R7.00, the stock trades at a trailing P/E ratio of 2.6x. Average trailing P/E is 4x in the Real Estate industry in South Africa. Total returns to shareholders of 95% over the past three years. New Risk • Sep 17
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risks No financial data reported. Share price has been highly volatile over the past 3 months (21% average weekly change). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Valuation Update With 7 Day Price Move • Sep 09
Investor sentiment improves as stock rises 40% After last week's 40% share price gain to R10.49, the stock trades at a trailing P/E ratio of 3.9x. Average trailing P/E is 4x in the Real Estate industry in South Africa. Total returns to shareholders of 85% over the past three years. Announcement • Aug 31
Acsion Limited, Annual General Meeting, Oct 07, 2024 Acsion Limited, Annual General Meeting, Oct 07, 2024. Location: sandton hotel, 5 benmore rd, benmore gardens, johannesburg South Africa Valuation Update With 7 Day Price Move • Aug 14
Investor sentiment improves as stock rises 39% After last week's 39% share price gain to R9.39, the stock trades at a trailing P/E ratio of 3.5x. Average trailing P/E is 5x in the Real Estate industry in South Africa. Total returns to shareholders of 160% over the past three years. Declared Dividend • Jul 15
Final dividend of R0.16 announced Shareholders will receive a dividend of R0.16. Ex-date: 31st July 2024 Payment date: 5th August 2024 Dividend yield will be 5.4%, which is lower than the industry average of 8.8%. Sustainability & Growth Dividend is well covered by both earnings (9% earnings payout ratio) and cash flows (18% cash payout ratio). The dividend has increased by an average of 15% per year over the past 7 years. However, payments have been volatile during that time. Earnings per share has grown by 2.9% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Jul 14
Full year 2024 earnings released: EPS: R2.70 (vs R2.31 in FY 2023) Full year 2024 results: EPS: R2.70 (up from R2.31 in FY 2023). Revenue: R1.51b (up 27% from FY 2023). Net income: R1.04b (up 17% from FY 2023). Profit margin: 69% (down from 75% in FY 2023). Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Announcement • Jul 12
Acsion Limited Declares Final Cash Gross Dividend Acsion Limited declared a final cash gross dividend of 16 cents per ordinary share (2023: 18 cents per share), payable out of income reserves to all shareholders. Buy Or Sell Opportunity • Jul 12
Now 26% undervalued after recent price drop Over the last 90 days, the stock has fallen 17% to R5.61. The fair value is estimated to be R7.54, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Earnings per share has grown by 47%. Buy Or Sell Opportunity • Jul 01
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 5.0% to R6.28. The fair value is estimated to be R7.98, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Earnings per share has grown by 47%. New Risk • Jun 16
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended August 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: Major Risk Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risks Latest financial reports are more than 6 months old (reported August 2023 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Announcement • May 31
Acsion Limited to Report Fiscal Year 2024 Results on Jun 14, 2024 Acsion Limited announced that they will report fiscal year 2024 results on Jun 14, 2024 Valuation Update With 7 Day Price Move • May 20
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to R7.39, the stock trades at a trailing P/E ratio of 2.3x. Average trailing P/E is 5x in the Real Estate industry in South Africa. Total returns to shareholders of 101% over the past three years. Buy Or Sell Opportunity • May 03
Now 21% undervalued The stock has been flat over the last 90 days, currently trading at R6.20. The fair value is estimated to be R7.85, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Earnings per share has grown by 47%. Buy Or Sell Opportunity • Apr 17
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 6.8% to R6.01. The fair value is estimated to be R7.72, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Earnings per share has grown by 47%. Valuation Update With 7 Day Price Move • Apr 11
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to R7.25, the stock trades at a trailing P/E ratio of 2.3x. Average trailing P/E is 5x in the Real Estate industry in South Africa. Total returns to shareholders of 77% over the past three years. Buy Or Sell Opportunity • Mar 27
Now 23% undervalued after recent price drop Over the last 90 days, the stock has fallen 16% to R6.00. The fair value is estimated to be R7.80, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Earnings per share has grown by 47%. Buy Or Sell Opportunity • Mar 11
Now 22% undervalued The stock has been flat over the last 90 days, currently trading at R6.00. The fair value is estimated to be R7.67, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Earnings per share has grown by 47%. Buy Or Sell Opportunity • Feb 12
Now 24% undervalued Over the last 90 days, the stock has risen 14% to R5.80. The fair value is estimated to be R7.58, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Earnings per share has grown by 47%. Buy Or Sell Opportunity • Jan 23
Now 29% undervalued The stock has been flat over the last 90 days, currently trading at R5.10. The fair value is estimated to be R7.20, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Earnings per share has grown by 47%. Valuation Update With 7 Day Price Move • Dec 27
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to R7.12, the stock trades at a trailing P/E ratio of 2.2x. Average trailing P/E is 7x in the Real Estate industry in South Africa. Total returns to shareholders of 104% over the past three years. Recent Insider Transactions • Dec 22
CEO & Executive Director recently bought R74k worth of stock On the 19th of December, Kiriakos Anastasiadis bought around 13k shares on-market at roughly R5.71 per share. This transaction amounted to 4.4% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Kiriakos has been a buyer over the last 12 months, purchasing a net total of R74k worth in shares. Upcoming Dividend • Dec 13
Upcoming dividend of R0.16 per share at 6.0% yield Eligible shareholders must have bought the stock before 20 December 2023. Payment date: 27 December 2023. Payout ratio is a comfortable 11% and this is well supported by cash flows. Trailing yield: 6.0%. Lower than top quartile of South African dividend payers (9.4%). Lower than average of industry peers (9.5%). Reported Earnings • Dec 03
First half 2024 earnings released: EPS: R2.18 (vs R1.28 in 1H 2023) First half 2024 results: EPS: R2.18 (up from R1.28 in 1H 2023). Revenue: R692.4m (up 20% from 1H 2023). Net income: R839.2m (up 70% from 1H 2023). Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Dec 01
Now 26% undervalued after recent price drop Over the last 90 days, the stock is down 16%. The fair value is estimated to be R7.55, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last 3 years. Earnings per share has grown by 47%. Announcement • Nov 30
Acsion Limited Declares an Interim Cash Dividend, Payable on 27 December 2023 On 29 November 2023, the board of directors of Acsion Limited declared an interim cash gross dividend (No 6) of 16.40 cents per ordinary share, payable out of income reserves to all shareholders of the company. Shares commence trading ex-dividend date is 20 December 2023. Record date is 22 December 2023. Payment date is 27 December 2023. Valuation Update With 7 Day Price Move • Sep 11
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to R5.31, the stock trades at a trailing P/E ratio of 2.3x. Average trailing P/E is 6x in the Real Estate industry in South Africa. Negligible returns to shareholders over past three years. Upcoming Dividend • Jul 12
Upcoming dividend of R0.18 per share at 6.3% yield Eligible shareholders must have bought the stock before 19 July 2023. Payment date: 24 July 2023. Payout ratio is a comfortable 16% and this is well supported by cash flows. Trailing yield: 6.3%. Lower than top quartile of South African dividend payers (9.8%). Lower than average of industry peers (9.4%). Announcement • Jul 08
Acsion Limited, Annual General Meeting, Aug 07, 2023 Acsion Limited, Annual General Meeting, Aug 07, 2023, at 09:00 South Africa Standard Time. Location: @Sandton Hotel, 5 Benmore Rd, Benmore Gardens, Johannesburg, 2196 Johannesberg South Africa Valuation Update With 7 Day Price Move • Jul 07
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to R5.50, the stock trades at a trailing P/E ratio of 2.4x. Average trailing P/E is 7x in the Real Estate industry in South Africa. Total returns to shareholders of 5.9% over the past three years. Announcement • Jul 01
Acsion Limited to Report Fiscal Year 2023 Final Results on Jul 07, 2023 Acsion Limited announced that they will report fiscal year 2023 final results on Jul 07, 2023 Valuation Update With 7 Day Price Move • Jun 23
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to R6.98, the stock trades at a trailing P/E ratio of 3x. Average trailing P/E is 7x in the Real Estate industry in South Africa. Total returns to shareholders of 34% over the past three years. New Risk • Jun 19
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 74% Last year net profit margin: 129% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (16% average weekly change). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (74% net profit margin). Reported Earnings • Jun 18
Full year 2023 earnings released: EPS: R2.31 (vs R3.02 in FY 2022) Full year 2023 results: EPS: R2.31 (down from R3.02 in FY 2022). Revenue: R1.20b (up 32% from FY 2022). Net income: R888.9m (down 24% from FY 2022). Profit margin: 74% (down from 129% in FY 2022). Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Announcement • Jun 17
Acsion Limited Declares Final Cash Gross Dividend, Payable on July 24, 2023 On 14 June 2023, the Board of directors has declared a final cash gross dividend (No 5) of 18 cents per ordinary share, payable out of income reserves to all shareholders of Acsion Limited. The total gross dividend per share for the year ended 28 February 2023 therefore amounts to 36 cents, compared to 18 cents for the year ended 28 February 2022. The dividend per share is calculated based on 394 959 976 shares in issue as at the date of the dividend declaration and therefore amounts to ZAR 71 092 795.68 in aggregate. Last day to trade cum dividend is 18 July 2023; Shares commence trading ex-dividend is 19 July 2023; Record date is 21 July 2023 and Payment date is 24 July 2023. Announcement • Jun 01
Acsion Limited to Report Fiscal Year 2023 Results on Jun 15, 2023 Acsion Limited announced that they will report fiscal year 2023 results on Jun 15, 2023 Valuation Update With 7 Day Price Move • Jun 01
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to R6.70, the stock trades at a trailing P/E ratio of 2.4x. Average trailing P/E is 5x in the Real Estate industry in South Africa. Total returns to shareholders of 18% over the past three years. Valuation Update With 7 Day Price Move • May 01
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to R5.75, the stock trades at a trailing P/E ratio of 2.1x. Average trailing P/E is 5x in the Real Estate industry in South Africa. Total loss to shareholders of 4.8% over the past three years. Valuation Update With 7 Day Price Move • Mar 17
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to R6.50, the stock trades at a trailing P/E ratio of 2.3x. Average trailing P/E is 4x in the Real Estate industry in South Africa. Total returns to shareholders of 15% over the past three years. Valuation Update With 7 Day Price Move • Feb 23
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to R6.76, the stock trades at a trailing P/E ratio of 2.4x. Average trailing P/E is 4x in the Real Estate industry in South Africa. Total returns to shareholders of 19% over the past three years. Announcement • Feb 12
Acsion Limited (JSE:ACS) acquired industrial property in Greece from Philkeram Johnson SA for EUR 9.23 million. Acsion Limited (JSE:ACS) acquired industrial property in Greece from Philkeram Johnson SA for EUR 9.23 million on February 8, 2023. The Acquisition is not subject to any conditions precedent and the necessary regulatory requirements have been fulfilled.
Acsion Limited (JSE:ACS) completed the acquisition of industrial property in Greece from Philkeram Johnson SA on February 8, 2023. Valuation Update With 7 Day Price Move • Jan 19
Investor sentiment improved over the past week After last week's 23% share price gain to R7.99, the stock trades at a trailing P/E ratio of 2.9x. Average trailing P/E is 5x in the Real Estate industry in South Africa. Total returns to shareholders of 41% over the past three years. Upcoming Dividend • Dec 15
Upcoming dividend of R0.18 per share Eligible shareholders must have bought the stock before 21 December 2022. Payment date: 28 December 2022. Payout ratio is a comfortable 13% and this is well supported by cash flows. Trailing yield: 4.1%. Lower than top quartile of South African dividend payers (8.7%). Lower than average of industry peers (7.1%). Valuation Update With 7 Day Price Move • Dec 07
Investor sentiment improved over the past week After last week's 25% share price gain to R7.73, the stock trades at a trailing P/E ratio of 2.8x. Average trailing P/E is 4x in the Real Estate industry in South Africa. Total returns to shareholders of 23% over the past three years. Reported Earnings • Dec 03
First half 2023 earnings released: EPS: R1.28 (vs R1.50 in 1H 2022) First half 2023 results: EPS: R1.28 (down from R1.50 in 1H 2022). Revenue: R589.4m (up 55% from 1H 2022). Net income: R494.0m (down 16% from 1H 2022). Profit margin: 84% (down from 155% in 1H 2022). Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Upcoming Dividend • Jul 06
Upcoming dividend of R0.18 per share Eligible shareholders must have bought the stock before 13 July 2022. Payment date: 18 July 2022. Trailing yield: 3.6%. Lower than top quartile of South African dividend payers (9.1%). Lower than average of industry peers (6.5%). Reported Earnings • Jul 02
Full year 2022 earnings released: EPS: R3.02 (vs R0.06 in FY 2021) Full year 2022 results: EPS: R3.02 (up from R0.06 in FY 2021). Revenue: R912.3m (up 31% from FY 2021). Net income: R1.17b (up R1.15b from FY 2021). Over the last 3 years on average, earnings per share has fallen by 8% per year whereas the company’s share price has fallen by 6% per year. Announcement • Jun 14
Acsion Limited Declares Final Cash Gross Dividend, Payable on 18 July 2022 The board of directors of Acsion Limited has declared a final cash gross dividend (No. 3) of 18 cents per ordinary share, payable out of income reserves to all shareholders of Acsion Limited. The dividend per share is calculated based on 394,959,976 shares in issue as at the date of the dividenddeclaration and therefore amounts to MYR 71,092,795.68 in aggregate. Payment date is 18 July 2022. Record date is 15 July 2022. Shares commence trading ex dividend is 13 July 2022. Last day to trade cum dividend is 12 July 2022. Valuation Update With 7 Day Price Move • May 11
Investor sentiment improved over the past week After last week's 23% share price gain to R5.00, the stock trades at a trailing P/E ratio of 3.3x. Average trailing P/E is 9x in the Real Estate industry in South Africa. Total loss to shareholders of 17% over the past three years. 
