Reported Earnings • Mar 15
First half 2026 earnings released: FFO per share: R0.6 (vs R0.58 in 1H 2025) First half 2026 results: FFO per share: R0.6 (up from R0.58 in 1H 2025). Revenue: R1.58b (up 8.9% from 1H 2025). Funds from operations (FFO): R432.3m (up 6.6% from 1H 2025). FFO margin: 27% (in line with 1H 2025). Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth. Declared Dividend • Mar 12
First half dividend increased to R0.48 Dividend of R0.48 is 9.1% higher than last year. Ex-date: 25th March 2026 Payment date: 30th March 2026 Dividend yield will be 5.3%, which is lower than the industry average of 9.2%. Announcement • Dec 02
Public Investment Corporation Limited acquired an additional minority stake in Attacq Limited (JSE:ATT). Public Investment Corporation Limited acquired an additional minority stake in Attacq Limited (JSE:ATT) on December 1, 2025.
Public Investment Corporation Limited completed the acquisition of an additional minority stake in Attacq Limited (JSE:ATT) on December 1, 2025. Announcement • Nov 15
Attacq Limited Announces Executive and Committee Appointments Attacq Limited at the annual general meeting held on 14 November 2025 approved the confirmation of appointment as director- Ms K Joubert; Appointment of Mr. TP Leeuw as member of the audit and risk committee; Appointment of Ms HR El Haimer as member and chairperson of the transformation, social and ethics committee; Appointment of Ms IN Mkhari as member of the transformation, social and ethics Committee; Appointment of Mr. GT Rohde as member of the transformation, social and ethics committee. Upcoming Dividend • Oct 02
Upcoming dividend of R0.43 per share Eligible shareholders must have bought the stock before 08 October 2025. Payment date: 13 October 2025. Trailing yield: 6.2%. Lower than top quartile of South African dividend payers (8.6%). Lower than average of industry peers (8.5%). Declared Dividend • Sep 18
Final dividend of R0.43 announced Shareholders will receive a dividend of R0.43. Ex-date: 8th October 2025 Payment date: 13th October 2025 Dividend yield will be 6.1%, which is lower than the industry average of 9.2%. Buy Or Sell Opportunity • Sep 17
Now 21% undervalued The stock has been flat over the last 90 days, currently trading at R14.29. The fair value is estimated to be R18.10, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.1% over the last 3 years. Earnings per share has grown by 24%. Reported Earnings • Sep 16
Full year 2025 earnings released: EPS: R2.15 (vs R1.35 in FY 2024) Full year 2025 results: EPS: R2.15 (up from R1.35 in FY 2024). Revenue: R2.87b (up 11% from FY 2024). Net income: R1.50b (up 58% from FY 2024). Profit margin: 52% (up from 37% in FY 2024). Over the last 3 years on average, earnings per share has increased by 24% per year whereas the company’s share price has increased by 28% per year. Announcement • Sep 12
Attacq Limited, Annual General Meeting, Nov 14, 2025 Attacq Limited, Annual General Meeting, Nov 14, 2025. Price Target Changed • Jul 23
Price target increased by 17% to R17.15 Up from R14.70, the current price target is provided by 1 analyst. New target price is 20% above last closing price of R14.35. Stock is up 33% over the past year. The company posted earnings per share of R1.35 last year. Price Target Changed • Apr 22
Price target increased by 7.7% to R15.40 Up from R14.30, the current price target is provided by 1 analyst. New target price is 14% above last closing price of R13.56. Stock is up 33% over the past year. The company posted earnings per share of R1.35 last year. Upcoming Dividend • Mar 27
Upcoming dividend of R0.44 per share Eligible shareholders must have bought the stock before 02 April 2025. Payment date: 07 April 2025. Trailing yield: 6.7%. Lower than top quartile of South African dividend payers (8.6%). Lower than average of industry peers (9.0%). Announcement • Mar 25
Attacq Limited to Report Fiscal Year 2025 Results on Sep 16, 2025 Attacq Limited announced that they will report fiscal year 2025 results on Sep 16, 2025 Announcement • Mar 18
Attacq Limited Announces Appointment of Karin Joubert as an Independent Non-Executive Director and Member of Investment Committee, Effective from 1 May 2025 Attacq Limited announced the appointment of Karin Joubert as an independent non-executive director of the Board and a member of the Company's investment committee, with effect from 1 May 2025. Ms Joubert holds a B Com (Accounting and Economics) degree from the University of South Africa and has 30 years of commercial real estate finance experience in various risk and business executive roles within the Investment Banking Division of Standard Bank. Reported Earnings • Mar 16
First half 2025 earnings released: FFO per share: R0.6 (vs R0.37 in 1H 2024) First half 2025 results: FFO per share: R0.6 (up from R0.37 in 1H 2024). Revenue: R1.45b (up 7.1% from 1H 2024). Funds from operations (FFO): R405.6m (up 55% from 1H 2024). FFO margin: 28% (up from 19% in 1H 2024). Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 21% per year, which means it is well ahead of earnings. Declared Dividend • Mar 13
First half dividend of R0.44 announced Shareholders will receive a dividend of R0.44. Ex-date: 2nd April 2025 Payment date: 7th April 2025 Dividend yield will be 6.3%, which is lower than the industry average of 9.2%. Announcement • Nov 19
Attacq Limited to Report First Half, 2025 Results on Mar 11, 2025 Attacq Limited announced that they will report first half, 2025 results on Mar 11, 2025 Recent Insider Transactions • Oct 20
Independent Non-Executive Director recently sold R2.7m worth of stock On the 16th of October, Johannes Hendrick van der Merwe sold around 200k shares on-market at roughly R13.50 per share. This transaction amounted to 9.0% 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 R2.6m more than they bought in the last 12 months. Announcement • Oct 16
Attacq Limited, Annual General Meeting, Nov 14, 2024 Attacq Limited, Annual General Meeting, Nov 14, 2024. Location: conference centre, maxwell office park, 37 magwa crescent, waterfall city, South Africa Announcement • Oct 14
Attacq Limited Announces Retirement of Mr. Stewart Shaw-Taylor as Board of Director & Investment Committee Attacq Limited advised that Mr. Stewart Shaw-Taylor, who is due to retire from the board of directors by rotation at the Company's next annual general meeting, to be held on 14 November 2024, has advised the Company that he will not make himself available for re- election. Mr. Shaw-Taylor will also be retiring from Attacq's investment committee. Following Mr. Shaw-Taylor's retirement, the board will be constituted as follows: Independent Non-Executive Chairperson, Mr. Pierre Tredoux; Lead Independent Non-Executive Director Ms. Hellen El Haimer; Independent Non-Executive Director Mr. Johan van der Merwe; Independent Non-Executive Director Ms. Ipeleng Mkhari; Independent Non-Executive Director Mr. Allen Swiegers; Independent Non-Executive Director Mr. Thabo Leeuw; Independent Non-Executive Director Ms. Fikile De Buck; Independent Non-Executive Director Dr. Gustav Rohde; Chief Executive Officer Ms. Jackie van Niekerk; Chief Financial Officer Mr. Raj Nana. The board thanks Mr. Shaw-Taylor for his valuable contribution to the Company over the years and wishes him well in his future endeavours. Upcoming Dividend • Sep 25
Upcoming dividend of R0.39 per share Eligible shareholders must have bought the stock before 02 October 2024. Payment date: 07 October 2024. Trailing yield: 5.8%. Lower than top quartile of South African dividend payers (7.4%). Lower than average of industry peers (8.4%). Announcement • Sep 24
Lango Real Estate Limited completed the acquisition of AttAfrica Limited from Hyprop Investments Limited (JSE:HYP) and Attacq Limited (JSE:ATT). Lango Real Estate Limited agreed to acquire AttAfrica Limited from Hyprop Investments Limited (JSE:HYP) and Attacq Limited (JSE:ATT) for $27.3 million on August 7, 2024. Subject to the fulfilment (or waiver) of the conditions precedent set out below, the Sellers will dispose of their interests in AttAfrica to the Buyer for an aggregate purchase price of $27.306 million, net of debt (“AttAfrica Purchase Consideration”), apportioned as $19.966 million in respect of Hyprop and $7.340 million in respect of Attacq. The AttAfrica Purchase Consideration will be settled by the issue of class A shares in the Buyer to the Sellers in their respective proportions (“AttAfrica Consideration Shares”) calculated at an issue price of $4.19 per AttAfrica Consideration Share on the Completion Date (as defined below). 20% of the AttAfrica Consideration Shares will be held in escrow until the earliest of: (i) June 30, 2025; and (ii) six months after the Completion Date pending fulfilment by the Sellers of their undertaking to assist with the on-boarding of the properties acquired by the Buyer. The AttAfrica Disposal is subject to the fulfilment or waiver of the following conditions precedent by the Longstop Date: the Sellers having entered into an escrow agreement in respect of the disposal of their respective shareholdings in AMML in accordance with the escrow obligations, including obtaining the approval of the Financial Surveillance Department of the South Africa Reserve Bank. Obtaining unconditional written consents from the lenders to the AttAfrica group in relation to the AttAfrica Disposal; execution by the Sellers of the subscription agreement and shareholder’s agreement to be concluded between Lango and the Sellers relating to the issue of the AttAfrica Consideration Shares; and to the extent required, receipt of all necessary regulatory approvals required for the implementation of the AttAfrica Disposal. If the conditions precedent of each transaction have not been satisfied or waived by the Longstop Date, the Longstop Date for that transaction shall continue indefinitely until either the Sellers or the Buyer notifies the other in writing that it wishes for the Longstop Date to no longer be indefinite, in which case the date of that notice shall become the Longstop Date for that transaction. The effective date of each Transaction shall be the 5th business day after the last of the conditions precedent have been satisfied Longstop Date will be on December 31, 2024. The transaction is expected to be completed within September 30, 2024.
Lango Real Estate Limited completed the acquisition of AttAfrica Limited from Hyprop Investments Limited (JSE:HYP) and Attacq Limited (JSE:ATT) on September 23, 2024. Reported Earnings • Sep 12
Full year 2024 earnings released: EPS: R1.35 (vs R0.74 in FY 2023) Full year 2024 results: EPS: R1.35 (up from R0.74 in FY 2023). Revenue: R2.60b (up 11% from FY 2023). Net income: R950.4m (up 83% from FY 2023). Profit margin: 37% (up from 22% in FY 2023). Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 23% per year, which means it is well ahead of earnings. Announcement • Sep 10
Attacq Limited Declares Final Gross Cash Dividend, Payable on 7 October 2024 The board of Attacq Limited declared a final gross cash dividend of 39.00000 cents per share out of the company's distributable income. This brings the full-year dividend to 69.0 cents per share (June 2023: 58.0 cents per share). Shares trade ex dividend:2 October 2024; Record date: 4 October 2024; Payment date: 7 October 2024. Price Target Changed • Aug 31
Price target increased by 12% to R11.60 Up from R10.40, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of R11.52. Stock is up 37% over the past year. The company posted earnings per share of R0.74 last year. Announcement • Aug 13
Lango Real Estate Limited entered into an agreement to acquire AttAfrica Limited from Hyprop Investments Limited (JSE:HYP) and Attacq Limited (JSE:ATT) for $27.3 million. Lango Real Estate Limited agreed to acquire AttAfrica Limited from Hyprop Investments Limited (JSE:HYP) and Attacq Limited (JSE:ATT) for $27.3 million on August 12, 2024. The consideration consists of Class A Lango Shares common equity of Lango Real Estate Limited having a value of $27.3 million to be issued for common equity of AttAfrica Limited. The total consideration of $27.3 million, net of debt, which will be paid in the form of Class A Lango shares. As a result, Hyprop will hold shares worth $19.9 million in Lango, while Attacq will hold Lango shares worth $7.3 million. The acquisition includes The Ghanaian centers (Accra Mall, Kumasi City Mall and West Hills Mall) which are owned by AttAfrica. For both transactions, 20% of the shares payable will be held in escrow until the earliest of June 30, 2025 or six months after the completion date, pending the sellers fulfilling their commitment to assist the buyer with onboarding the retail centers. Upon conclusion of the transactions, Hyprop and Attacq will be released from all their commitments relating to the in-country debt in Ghana and Nigeria. The transaction is subject to several conditions, including regulatory approvals. Hyprop does not intend to be a long-term holder of Lango Real Estate's shares. Buy Or Sell Opportunity • Aug 01
Now 21% undervalued Over the last 90 days, the stock has risen 7.2% to R10.80. The fair value is estimated to be R13.60, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 2.8% over the last 3 years. Meanwhile, the company has become profitable. Buy Or Sell Opportunity • May 30
Now 21% undervalued Over the last 90 days, the stock has risen 3.5% to R9.81. The fair value is estimated to be R12.36, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 2.8% over the last 3 years. Meanwhile, the company has become profitable. Price Target Changed • Mar 28
Price target decreased by 7.2% to R10.00 Down from R10.78, the current price target is an average from 3 analysts. New target price is 6.3% below last closing price of R10.67. Stock is up 23% over the past year. The company posted earnings per share of R0.74 last year. Reported Earnings • Mar 15
First half 2024 earnings released: FFO per share: R0.4 (vs R0.47 in 1H 2023) First half 2024 results: FFO per share: R0.4 (down from R0.47 in 1H 2023). Revenue: R1.35b (up 27% from 1H 2023). Funds from operations (FFO): R262.6m (down 22% from 1H 2023). FFO margin: 19% (down from 31% in 1H 2023). The decrease in margin was driven by higher expenses. Revenue is expected to fall by 6.4% p.a. on average during the next 3 years compared to a 4.7% decline forecast for the REITs industry in South Africa. Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Declared Dividend • Mar 14
First half dividend of R0.30 announced Shareholders will receive a dividend of R0.30. Ex-date: 3rd April 2024 Payment date: 8th April 2024 Dividend yield will be 5.8%, which is lower than the industry average of 9.2%. Announcement • Mar 13
PK Investments Limited reached agreement to acquire a 6.70856% stake in MAS P.L.C. (JSE:MSP) from Attacq Limited (JSE:ATT) for approximately ZAR 780 million. PK Investments Limited reached agreement to acquire a 6.70856% stake in MAS P.L.C. (JSE:MSP) from Attacq Limited (JSE:ATT) for approximately ZAR 780 million on March 12, 2024. Attacq will use the proceeds to invest in income generating activities within the group. The transaction is expected to occur on or before March 13, 2024. Price Target Changed • Feb 06
Price target increased by 8.3% to R10.78 Up from R9.95, the current price target is an average from 2 analysts. New target price is 9.2% above last closing price of R9.87. Stock is up 40% over the past year. The company posted earnings per share of R0.74 last year. Recent Insider Transactions Derivative • Oct 19
CFO & Director exercised options to buy R4.6m worth of stock. On the 13th of October, Rajesh Nana exercised options to buy 539k shares at a strike price of around R8.40, costing a total of R4.5m. This transaction amounted to 587% of their direct individual holding at the time of the trade. Since June 2023, Rajesh has owned 91.69k shares directly. Company insiders have collectively bought R8.3m more than they sold, via options and on-market transactions, in the last 12 months. Announcement • Oct 18
Attacq Limited Announces Board Changes The board of directors of Attacq has requested that Mr. Stewart Shaw-Taylor remain on the Board until the 2024 Annual General Meeting of the Company. Mr. Shaw-Taylor will, therefore, not step down from the Board at the end of the 2023 calendar year, as was communicated in the October 2022 Published SENS, given his extensive experience in property development, strong corporate memory, and in-depth business understanding. He will, however, resign from the audit and risk committee and continue to serve as a member of the investment committee. Mr. Shaw-Taylor has agreed to avail himself and will resign from the Board at the 2024 AGM in compliance with the requirements regarding rotation of directors as set out in the Memorandum of Incorporation of the Company. In the same vein, the Board requested that Mr. Pierre Tredoux not step down from the Board at the end of the 2024 calendar year, as was communicated in the October 2022 Published SENS. Mr. Tredoux will continue to serve as Board chairperson as well as chairperson of the investment committee, and member of the remuneration committee. Mr. Tredoux has agreed to avail himself and will resign from the Board at the 2025 AGM in compliance with the requirements regarding rotation of directors as set out in the Memorandum of Incorporation of the Company. Consequently, in light of the extended tenure of Messrs Tredoux and Shaw-Taylor, the recruitment of new non- executive directors will only commence towards the end of 2024 and will align to the strategic direction of the Company, whilst retaining the required knowledge base and diversity within the Board. The extended tenure of Mr. Tredoux will also assist in the smooth transition and successful handover of chairmanship to the new incumbent once identified. The Board will continue being constituted as follows: Independent Non-Executive Chairperson, Mr. Pierre Tredoux; Lead Independent Non-Executive Director, Ms Hellen El Haimer; Independent Non-Executive Director, Ms Fikile De Buck; Independent Non-Executive Director, Mr. Thabo Leeuw; Independent Non-Executive Director, Ms Ipeleng Mkhari; Independent Non-Executive Director, Dr. Gustav Rohde; Independent Non-Executive Director, Mr. Stewart Shaw-Taylor; Independent Non-Executive Director, Mr. Allen Swiegers; Independent Non-Executive Director, Mr. Johan van der Merwe; Chief Executive Officer, Ms Jackie van Niekerk and Chief Financial Officer, Mr. Raj Nana. Reported Earnings • Sep 29
Full year 2023 earnings released: EPS: R0.74 (vs R1.67 in FY 2022) Full year 2023 results: EPS: R0.74 (down from R1.67 in FY 2022). Revenue: R2.44b (down 2.5% from FY 2022). Net income: R520.3m (down 56% from FY 2022). Profit margin: 21% (down from 47% in FY 2022). The decrease in margin was primarily driven by higher expenses. Revenue is expected to fall by 16% p.a. on average during the next 2 years compared to a 9.0% decline forecast for the REITs industry in South Africa. Over the last 3 years on average, earnings per share has increased by 107% per year but the company’s share price has only increased by 38% per year, which means it is significantly lagging earnings growth. Announcement • Sep 15
Attacq Limited Expects Final DPS for the Financial Year Ended 30 June 2023 Attacq Limited board expects that a final DPS of 29.0 cents will be paid for the financial year ended 30 June 2023 which, together with the interim DPS paid of 29.0 cents, will result in an annual DPS of 58.0 cents, which is 16.0% higher than the DPS of 50.0 cents per share for the financial year ended 30 June 2022. Announcement • Sep 14
Attacq Limited to Report Fiscal Year 2023 Results on Sep 28, 2023 Attacq Limited announced that they will report fiscal year 2023 results on Sep 28, 2023 Announcement • Jul 07
The Government Employees Pension Fund(GEPF) agreed to acquire 30% stake in Atterbury Waterfall Investment Company Proprietary Limited from Attacq Limited (JSE:ATT) for ZAR 2.4 billion. The Government Employees Pension Fund(GEPF) agreed to acquire 30% stake in Atterbury Waterfall Investment Company Proprietary Limited from Attacq Limited (JSE:ATT) for ZAR 2.4 billion on July 5, 2023. As a part of transaction The Government Employees Pension Fund is acquiring 30% of shareholder loans in Atterbury Waterfall Investment Company Proprietary Limited for that The Government Employees Pension Fund is giving advancing an additional loan of ZAR 300 million on post transaction. Attacq Limited will retain 70%stake in Atterbury Waterfall Investment Company Proprietary Limited and continuing to provide asset, property, development and fund management services. The transaction is subject to within 45 days of the agreement date Attacq Limited providing confirmation to the The Government Employees Pension Fund(GEPF) that the MAS Restructure has been implemented and within 150 days of the agreement date, Attacq and Atterbury Waterfall Investment Company Proprietary Limited obtaining all approvals required in terms of the JSE Listings Requirements for the implementation of the this transaction, including the approval of Attacq’s shareholders in a general meeting. Upcoming Dividend • Mar 28
Upcoming dividend of R0.29 per share at 6.7% yield Eligible shareholders must have bought the stock before 04 April 2023. Payment date: 11 April 2023. Trailing yield: 6.7%. Lower than top quartile of South African dividend payers (8.9%). Lower than average of industry peers (9.5%). Reported Earnings • Mar 20
First half 2023 earnings released: FFO per share: R0.5 (vs R0.29 in 1H 2022) First half 2023 results: FFO per share: R0.5 (up from R0.29 in 1H 2022). Revenue: R1.06b (down 24% from 1H 2022). Funds from operations (FFO): R334.6m (up 62% from 1H 2022). FFO margin: 31% (up from 15% in 1H 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 1.5% decline forecast for the REITs industry in South Africa. Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Price Target Changed • Mar 10
Price target increased by 21% to R9.50 Up from R7.85, the current price target is an average from 2 analysts. New target price is 10% above last closing price of R8.63. Stock is up 21% over the past year. The company posted earnings per share of R1.67 last year. Valuation Update With 7 Day Price Move • Feb 13
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to R8.24, the stock trades at a trailing P/E ratio of 4.9x. Average forward P/E is 18x in the REITs industry in South Africa. Total loss to shareholders of 8.8% over the past three years. Announcement • Jan 25
Attacq Limited Announces Board Changes, Effective on February 1, 2023 Attacq Limited announced the following appointments of Independent Non-Executive Directors to the Board of Attacq, as per the Board's succession planning strategy. These appointments are effective 1 February 2023: Ms. Fikile de Buck holds a BA in Economics and Accounting and is a Fellow of the Association of Certified Chartered Accountants (FCCA), United Kingdom. She is an experienced CFO and Non-Executive Director in both listed and non-listed companies, with over 23 years of experience in financial reporting at an executive level. Ms. de Buck will also serve as a member of the Audit and Risk Committee. Dr. Gustav Rohde (PhD Civil Engineering, Texas A&M University, USA) is a strategic leader with over 20 years in senior positions, including serving as CEO and COO at the consulting engineering firms Aurecon and Zutari and Non-Executive Director of various boards both locally and abroad. Dr. Rohde is a respected technical expert and passionate driver of diversity. He is currently serving on the University of Cape Town's Advisory BEE Board, and the University of Stellenbosch's Engineering Advisory Board. Dr. Rohde will also serve as a member of the Transformation, Social and Ethics Committee. In light of the new appointments, the Board will be constituted as follows: Independent Non-Executive Chairperson- Mr. Pierre Tredoux; Lead Independent Non-Executive Director - Ms. Hellen El Haimer; Independent Non-Executive Director- Mr. Stewart Shaw-Taylor; Independent Non-Executive Director- Mr. Johan van der Merwe; Independent Non-Executive Director - Ms. Ipeleng Mkhari; Independent Non-Executive Director - Mr. Allen Swiegers; Independent Non-Executive Director - Mr. Thabo Leeuw; Independent Non-Executive Director - Ms. Fikile De Buck; Independent Non-Executive Director - Dr. Gustav Rohde; Chief Executive Officer - Ms. Jackie van Niekerk; Chief Financial Officer - Mr. Raj Nana. Announcement • Jan 06
Coronation Asset Management Proprietary Limited on behalf of its client acquired an unknown stake in Attacq Limited (JSE:ATT). Coronation Asset Management Proprietary Limited on behalf of its client acquired an unknown stake in Attacq Limited (JSE:ATT) on January 4, 2023.
Coronation Asset Management Proprietary Limited on behalf of its client completed the acquisition of an unknown stake in Attacq Limited (JSE:ATT) on January 4, 2023. Buying Opportunity • Dec 06
Now 21% undervalued Over the last 90 days, the stock is up 14%. The fair value is estimated to be R9.16, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company has become profitable. Buying Opportunity • Nov 17
Now 21% undervalued Over the last 90 days, the stock is up 12%. The fair value is estimated to be R9.13, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company has become profitable. Price Target Changed • Nov 16
Price target decreased to R7.85 Down from R8.56, the current price target is an average from 2 analysts. New target price is 7.4% above last closing price of R7.31. Stock is up 6.6% over the past year. The company posted earnings per share of R1.67 last year. Price Target Changed • Oct 05
Price target decreased to R7.85 Down from R8.77, the current price target is an average from 2 analysts. New target price is 24% above last closing price of R6.34. Stock is down 8.1% over the past year. The company posted earnings per share of R1.67 last year. Upcoming Dividend • Sep 21
Upcoming dividend of R0.50 per share Eligible shareholders must have bought the stock before 28 September 2022. Payment date: 03 October 2022. Trailing yield: 7.2%. Lower than top quartile of South African dividend payers (8.9%). Lower than average of industry peers (9.7%). Announcement • Jun 25
Attacq Limited, Annual General Meeting, Nov 17, 2022 Attacq Limited, Annual General Meeting, Nov 17, 2022, at 09:00 South Africa Standard Time. Announcement • Dec 03
An unknown buyer acquired an unknown stake in Attacq Limited (JSE:ATT) from Lisinfo 222 Investments (Pty) Ltd. An unknown buyer acquired an unknown stake in Attacq Limited (JSE:ATT) from Lisinfo 222 Investments (Pty) Ltd on December 1, 2021. Post transaction, Lisinfo 222 Investments (Pty) Ltd holds no stake in Attacq Limited.
An unknown buyer completed the acquisition of an unknown stake in Attacq Limited (JSE:ATT) from Lisinfo 222 Investments (Pty) Ltd on December 1, 2021. Executive Departure • Dec 01
Company Secretary Anda Matwa has left the company On the 29th of November, Anda Matwa's tenure as Company Secretary ended after 1.7 years in the role. We don't have any record of a personal shareholding under Anda's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 2.54 years. Reported Earnings • Sep 15
Full year 2021 earnings released: EPS R0.22 (vs R5.35 loss in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: R2.39b (up 14% from FY 2020). Net income: R154.1m (up R3.92b from FY 2020). Profit margin: 6.4% (up from net loss in FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 69 percentage points per year, which is a significant difference in performance. Announcement • Aug 06
Attacq Limited's Ordinary Shares to Be Deleted from Other OTC Attacq Limited's Ordinary Shares will be deleted from other OTC effective from August 5, 2021 due to Inactive Security. Executive Departure • May 04
CEO & Executive Director Melt Hamman has left the company On the 30th of April, Melt Hamman's tenure as CEO & Executive Director of the company ended after 2.9 years in the role. As of December 2020, Melt personally held 573.09k shares (R2.8m worth at the time). A total of 2 executives have left over the last 12 months. Under Melt's leadership, the company delivered a total shareholder return of -51%. Reported Earnings • Mar 27
First half 2021 earnings released: FFO R0.31 per share (vs R0.57 in 1H 2020) The company reported a poor first half result with weaker earnings, revenues and profit margins. First half 2021 results: Revenue: R1.28b (down 7.2% from 1H 2020). Funds from operations (FFO): R221.2m (down 45% from 1H 2020). FFO margin: 17% (down from 29% in 1H 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 81 percentage points per year, which is a significant difference in performance. Announcement • Mar 08
Attacq Limited to Report Fiscal Year 2021 Results on Sep 14, 2021 Attacq Limited announced that they will report fiscal year 2021 results on Sep 14, 2021 Announcement • Feb 11
Attacq Limited Appoints Thabo Patrick Leeuw as Independent Non-Executive Director Attacq Limited announced that Thabo Patrick Leeuw has been appointed as an independent non-executive director of Attacq, with effect from 10 February 2021. Thabo (BCompt (Hons)) is an executive director and founder of the Thesele Group Proprietary Limited, a BEE investment holding company founded in 2005. Thabo also currently serves as the Chairperson of Hulamin Limited and is an independent non-executive director and the Chairperson of the Remuneration Committee at the Rhodes Food Group Limited. Is New 90 Day High Low • Feb 11
New 90-day high: R5.21 The company is up 41% from its price of R3.70 on 13 November 2020. The South African market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the REITs industry, which is up 20% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is R4.79 per share. Announcement • Jan 31
Attacq Limited Appoints Jacqueline Van Niekerk as Chief Executive Officer with Effect from 1 May 2021 Attacq Limited announced that on the recommendation of the Remuneration and Nominations Committee, Ms. Jacqueline van Niekerk, the current Chief Operating Officer of Attacq, has been appointed as the CEO of the company with effect from 1 May 2021. Announcement • Jan 17
Attacq Limited Appoints Allen Edwin Swiegers as Independent Non-Executive Director and Member of the Audit and Risk Committee Attacq Limited announced that Allen Edwin Swiegers has been appointment as independent non-executive director of Attacq, with effect from 14 January 2021. He currently serves as Chairperson of South African Rugby Event Services (Pty) Limited, Chairperson of Red Sun Hortitech (Pty) Limited and is a council member and member of the Audit Committee of the University of Pretoria. Allen has also been appointed as a member of the audit and risk committee of Attacq with effect from 14 January 2021. Price Target Changed • Dec 22
Price target lowered to R5.66 Down from R12.55, the current price target is an average from 2 analysts. The new target price is 16% above the current share price of R4.90. As of last close, the stock is down 60% over the past year. Announcement • Dec 01
Attacq Limited Approves Retirement Mr. B Nagle as Director Attacq Limited approved retirement of director Mr. B Nagle at its annual general meeting of shareholders held on 27 November 2020. Announcement • Nov 25
Attacq Limited Announces Resignation of Melt Hamman as Chief Executive Officer Attacq Limited announced that Melt Hamman has provided written notice to the board of directors of the company as to his intention to resign from the board as a director and as the Chief Executive Officer ("CEO") of Attacq with effect from 30 April 2021. Melt joined Attacq in the capacity of its Chief Financial Officer in June 2013, prior to the company listing on the JSE. He then served as the Interim CEO from December 2017 until June 2018, at which time his permanent appointment as CEO was confirmed. Melt has worked in a corporate environment for over 20 years and wishes to spend more time with his family. The board would like to extend its sincere appreciation to Melt for his unwavering commitment and his invaluable contribution to the company and wishes him the very best of success in all of his future endeavours. Announcement • Sep 23
Attacq Limited Does Not Provide Guidance for the Financial Year Ending 30 June 2021 The board of Attacq Limited has resolved not to provide guidance for the financial year ending 30 June 2021. Is New 90 Day High Low • Sep 23
New 90-day low: R3.65 The company is down 34% from its price of R5.50 on 25 June 2020. The South African market is down 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the REITs industry, which is down 12% over the same period. 
