Texton Property Fund Management

Management criteria checks 1/4

We currently do not have sufficient information about the CEO.

Key information

Jonathan Rens

Chief executive officer

n/a

Total compensation

CEO salary percentage	n/a
CEO tenure	less than a year
CEO ownership	n/a
Management average tenure	no data
Board average tenure	4.8yrs

Recent management updates

Recent updates

Here's Why We Think Texton Property Fund (JSE:TEX) Is Well Worth Watching

Mar 08

CEO

Jonathan Rens (59 yo)

less than a year

Tenure

Mr. Jonathan Henri Rens, BSc (Quantity Surveying) serves as a Manager of Acucap Property Management (Pty) Limited. Mr. Rens spent 10 years in a commercial quantity surveying and valuation practice. He serv...

Board Members

Name	Position	Tenure	Compensation	Ownership
H. S. Welleman	CFO and Executive Director	3.8yrs	R4.13m	no data
Jonathan Rens	CEO & Director	less than a year	no data	no data
Marcel Jonathan Golding	Non-Executive Chairman	6.3yrs	R442.00k	0.36% ZAR 3.6m
John Macey	Lead Independent Non-Executive Director	13yrs	R416.00k	0.016% ZAR 163.7k
Wayne van der Vent	Independent Non-Executive Director	4.8yrs	R286.00k	no data
Andrew Hannington	Independent Non-Executive Director	6yrs	R338.00k	no data
Robert Franco	Non-Executive Director	4.8yrs	no data	13.72% ZAR 139.1m

4.8yrs

Average Tenure

59yo

Average Age

Experienced Board: TEX's board of directors are considered experienced (4.8 years average tenure).

Texton Property Fund Management

Management criteria checks 1/4

Key information

Recent management updates

Texton Property Fund Limited Appoints Mr. Pienaar Welleman as Part-Time Financial Director

Texton Property Fund Limited, Annual General Meeting, Nov 29, 2023

Texton Property Fund Limited, Annual General Meeting, Jun 30, 2023

Insufficient new directors

Texton Property Fund Limited, Annual General Meeting, Nov 30, 2022

Texton Property Fund Limited Appoints Pienaar Welleman as Permanent CEO

Recent updates

Texton Property Fund Limited to Report Fiscal Year 2024 Results on Sep 23, 2024

New minor risk - Financial data availability

New minor risk - Share price stability

Now 27% overvalued after recent price rise

Now 26% overvalued after recent price rise

Now 23% overvalued after recent price rise

Now 24% overvalued after recent price rise

Now 22% overvalued after recent price rise

New minor risk - Share price stability

Now 23% overvalued after recent price rise

Texton Property Fund Limited Appoints Mr. Pienaar Welleman as Part-Time Financial Director

New major risk - Financial position

New major risk - Share price stability

New minor risk - Share price stability

Texton Property Fund Limited, Annual General Meeting, Nov 29, 2023

Upcoming dividend of R0.19 per share at 7.4% yield

Full year 2023 earnings released: R0.043 loss per share (vs R0.11 profit in FY 2022)

Texton Property Fund Limited Announces Cash Dividend Declaration for the Year Ended 30 June 2023, Payable on 23 October 2023

Texton Property Fund Limited Announces Cash Dividend Declaration for the Year Ended 30 June 2023, Payable on 23 October 2023

New minor risk - Financial data availability

Texton Property Fund Limited, Annual General Meeting, Jun 30, 2023

Investor sentiment deteriorates as stock falls 16%

Investor sentiment improves as stock rises 25%

Investor sentiment improves as stock rises 24%

Here's Why We Think Texton Property Fund (JSE:TEX) Is Well Worth Watching

Insufficient new directors

Texton Property Fund Limited, Annual General Meeting, Nov 30, 2022

Now 29% undervalued after recent price drop

Upcoming dividend of R0.07 per share

Now 30% undervalued after recent price drop

Texton Property Fund Limited to Report Fiscal Year 2022 Results on Sep 23, 2022

Now 22% undervalued

Now 25% undervalued

Now 21% undervalued

Cream Magenta 228 (Pty) Ltd and Property Genius (Pty) Ltd entered into an agreement to acquire Hermanstad Industrial Park from Texton Property Fund Limited (JSE:TEX) for approximately ZAR 130 million.

An undisclosed buyer agreed to acquire 50% stake in Broad Street Mall from Texton Property Fund Limited for £57.5 million.

Now 24% undervalued

Now 26% undervalued after recent price drop

Inaugural dividend of R0.10 per share

Investor sentiment deteriorated over the past week

Now 26% undervalued

Isibaya Properties Proprietary Limited agreed to acquire KwaZulu-Natal CBD retail asset from Texton Property Fund Limited (JSE:TEX) for approximately ZAR 130 million.

Investor sentiment deteriorated over the past week

Investor sentiment improved over the past week

Inaugural dividend of R0.37 per share

New 90-day high: R2.20

Heriot Investments Proprietary Limited acquired an additional unknown stake in Texton Property Fund Limited (JSE:TEX).

New 90-day high: R2.01

New 90-day high: R2.00

New 90-day high: R1.60

Heriot Investments Proprietary Limited acquired an additional unknown stake in Texton Property Fund Limited (JSE:TEX).

New 90-day high: R1.29

Texton Property Fund Limited Appoints Pienaar Welleman as Permanent CEO

An unknown buyer acquired stake in Texton Property Fund Limited (JSE:TEX) from the clients of Coronation Asset Managers Proprietary Limited.

New 90-day low: R0.74

New 90-day low: R0.79

Texton Property Fund Limited to Report First Half, 2021 Results on Mar 10, 2021

Full year earnings released

New 90-day low - R0.89

New 90-day low - R1.05

Texton Property Fund Limited to Report Fiscal Year 2020 Results on Sep 23, 2020

CEO

Tenure

Board Members

Average Tenure

Average Age