New Risk • Aug 21
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: 11% Last year net profit margin: 16% 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 Interest payments are not well covered by earnings (2.5x net interest cover). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.1% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (11% net profit margin). New Risk • Aug 13
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 7.0% 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: Major Risk Interest payments are not well covered by earnings (2.8x net interest cover). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.0% average weekly change). Large one-off items impacting financial results. New Risk • Jun 26
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 7.1% 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: Major Risk Interest payments are not well covered by earnings (2.8x net interest cover). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.1% average weekly change). Large one-off items impacting financial results. Announcement • May 01
Weaver Fintech Ltd, Annual General Meeting, Jun 11, 2026 Weaver Fintech Ltd, Annual General Meeting, Jun 11, 2026. Upcoming Dividend • Apr 08
Upcoming dividend of R1.32 per share Eligible shareholders must have bought the stock before 15 April 2026. Payment date: 20 April 2026. Payout ratio is a comfortable 71% but the company is not cash flow positive. Trailing yield: 4.5%. Lower than top quartile of South African dividend payers (8.0%). In line with average of industry peers (4.9%). New Risk • Mar 12
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: 7.4% Last year net profit margin: 15% 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 Interest payments are not well covered by earnings (2.2x net interest cover). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.8% average weekly change). Profit margins are more than 30% lower than last year (7.4% net profit margin). Reported Earnings • Mar 10
Full year 2025 earnings released: EPS: R3.84 (vs R3.95 in FY 2024) Full year 2025 results: EPS: R3.84 (down from R3.95 in FY 2024). Revenue: R5.46b (up 23% from FY 2024). Net income: R404.0m (down 2.2% from FY 2024). Profit margin: 7.4% (down from 9.3% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 42% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Mar 04
Weaver Fintech Ltd to Report Fiscal Year 2025 Results on Mar 10, 2026 Weaver Fintech Ltd announced that they will report fiscal year 2025 results on Mar 10, 2026 New Risk • Feb 28
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 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 Risks Interest payments are not well covered by earnings (2.8x net interest cover). High level of non-cash earnings (23% accrual ratio). Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.6% average weekly change). New Risk • Feb 06
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 6.6% 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: Major Risks Interest payments are not well covered by earnings (2.8x net interest cover). High level of non-cash earnings (23% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.6% average weekly change). Valuation Update With 7 Day Price Move • Jan 15
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to R77.32, the stock trades at a trailing P/E ratio of 15.9x. Average trailing P/E is 9x in the Specialty Retail industry in South Africa. Total returns to shareholders of 279% over the past three years. Recent Insider Transactions Derivative • Dec 05
Non-Independent Executive Chair exercised options to buy R5.7m worth of stock. On the 1st of December, Shirley Maltz exercised options to buy 100k shares at a strike price of around R55.00, costing a total of R5.5m. This transaction amounted to 25% of their direct individual holding at the time of the trade. Since December 2024, Shirley's direct individual holding has increased from 155.85k shares to 505.85k. Company insiders have collectively bought R15m more than they sold, via options and on-market transactions, in the last 12 months. New Risk • Oct 02
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 12% 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 (2.8x net interest cover). Share price has been highly volatile over the past 3 months (12% average weekly change). High level of non-cash earnings (23% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows. Valuation Update With 7 Day Price Move • Oct 02
Investor sentiment improves as stock rises 33% After last week's 33% share price gain to R59.37, the stock trades at a trailing P/E ratio of 12.2x. Average trailing P/E is 9x in the Specialty Retail industry in South Africa. Total returns to shareholders of 179% over the past three years. Declared Dividend • Aug 14
First half dividend of R1.40 announced Shareholders will receive a dividend of R1.40. Ex-date: 27th August 2025 Payment date: 1st September 2025 Dividend yield will be 5.8%, which is higher than the industry average of 4.1%. Sustainability & Growth Dividend is covered by earnings (49% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 5.7% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 9.4% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 13
First half 2025 earnings released: EPS: R2.86 (vs R1.97 in 1H 2024) First half 2025 results: EPS: R2.86 (up from R1.97 in 1H 2024). Revenue: R1.59b (up 25% from 1H 2024). Net income: R300.0m (up 46% from 1H 2024). Profit margin: 19% (up from 16% in 1H 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. New Risk • Jul 04
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 11% 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 (2.7x net interest cover). Share price has been highly volatile over the past 3 months (11% average weekly change). High level of non-cash earnings (21% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows. Valuation Update With 7 Day Price Move • Jul 01
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to R37.95, the stock trades at a trailing P/E ratio of 9.6x. Average trailing P/E is 9x in the Specialty Retail industry in South Africa. Total returns to shareholders of 80% over the past three years. Announcement • May 01
HomeChoice International plc, Annual General Meeting, Jun 19, 2025 HomeChoice International plc, Annual General Meeting, Jun 19, 2025, at 13:00 Arabian Standard Time. Valuation Update With 7 Day Price Move • Apr 23
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to R30.88, the stock trades at a trailing P/E ratio of 7.8x. Average trailing P/E is 8x in the Specialty Retail industry in South Africa. Total returns to shareholders of 29% over the past three years. Recent Insider Transactions • Apr 02
Lead Independent Non Executive Director recently sold R1.4m worth of stock On the 27th of March, Pierre Joubert sold around 48k shares on-market at roughly R29.55 per share. This transaction amounted to 48% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Upcoming Dividend • Apr 02
Upcoming dividend of R0.97 per share Eligible shareholders must have bought the stock before 09 April 2025. Payment date: 14 April 2025. Payout ratio is a comfortable 49% but the company is not cash flow positive. Trailing yield: 6.7%. Lower than top quartile of South African dividend payers (8.6%). Higher than average of industry peers (3.4%). Declared Dividend • Mar 13
Final dividend increased to R0.97 Dividend of R0.97 is 17% higher than last year. Ex-date: 9th April 2025 Payment date: 14th April 2025 Dividend yield will be 6.2%, which is higher than the industry average of 4.1%. Sustainability & Growth Dividend is covered by earnings (48% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 1.0% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 47% to shift the payout ratio to a potentially unsustainable range, which is more than the 1.9% EPS decline seen over the last 5 years. Reported Earnings • Mar 12
Full year 2024 earnings released Full year 2024 results: Revenue: R4.43b (up 83% from FY 2023). Net income: R413.0m (up 23% from FY 2023). Profit margin: 9.3% (down from 14% in FY 2023). The decrease in margin was driven by higher expenses. Announcement • Mar 11
HomeChoice International plc Declares Final Gross Cash Dividend for the Year Ended 31 December 2024, Payable on 14 April 2025 The board of HomeChoice International plc has declared a final gross cash dividend per ordinary share (dividend) of 97.0 cents (77.6 cents net of dividend withholding tax) for the year ended31 December 2024 (period), being a 16.9% increase on the prior periods 83.0 cents. This brings the total dividend for the period to 192.0 cents, representing a 25.5% increase on the year ended December 2023s total gross cash dividend of 153.0 cents. Last day of trade to receive a dividend is 8 April 2025. Shares commence trading "ex" dividend is 9 April 2025. Record date is 11 April 2025. Payment date is 14 April 2025. Announcement • Mar 05
Homechoice International plc Provides Financial Guidance for the Full Year Ended December 31, 2024 HomeChoice International plc provides financial guidance for the full year ended December 31, 2024. For the period, the company expects basic earnings per share to be between 376.1 cents and 407.4 cents, representing between 20% and 30%, higher than the EPS of 313.4 reported for the prior period. Basic headline earnings per share for the current period is expected to be between 371.2 cents and 402.1 cents, representing between 20% and 30%, higher than the HEPS of 309.3 reported for the prior period. Announcement • Mar 04
HomeChoice International plc to Report Fiscal Year 2024 Results on Mar 11, 2025 HomeChoice International plc announced that they will report fiscal year 2024 results on Mar 11, 2025 New Risk • Mar 02
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 4.6% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Paying a dividend despite having no free cash flows. Valuation Update With 7 Day Price Move • Nov 25
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to R30.00, the stock trades at a trailing P/E ratio of 8.1x. Average trailing P/E is 11x in the Specialty Retail industry in South Africa. Total returns to shareholders of 39% over the past three years. New Risk • Nov 06
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 6.7% 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: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 4.6% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.7% average weekly change). Upcoming Dividend • Aug 30
Upcoming dividend of R0.95 per share Eligible shareholders must have bought the stock before 04 September 2024. Payment date: 09 September 2024. Payout ratio is a comfortable 48% but the company is not cash flow positive. Trailing yield: 5.6%. Lower than top quartile of South African dividend payers (7.8%). Higher than average of industry peers (3.5%). Reported Earnings • Aug 16
First half 2024 earnings released: EPS: R1.97 (vs R1.48 in 1H 2023) First half 2024 results: EPS: R1.97 (up from R1.48 in 1H 2023). Revenue: R1.22b (up 5.0% from 1H 2023). Net income: R205.0m (up 33% from 1H 2023). Profit margin: 17% (up from 13% in 1H 2023). Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Declared Dividend • Aug 15
First half dividend increased to R0.95 Dividend of R0.95 is 36% higher than last year. Ex-date: 4th September 2024 Payment date: 9th September 2024 Dividend yield will be 6.1%, which is higher than the industry average of 4.1%. Sustainability & Growth Dividend is covered by earnings (41% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 96 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to decline by 55% to shift the payout ratio to a potentially unsustainable range, which is more than the 5.3% EPS decline seen over the last 5 years. Announcement • Aug 07
HomeChoice International plc to Report First Half, 2024 Results on Aug 18, 2024 HomeChoice International plc announced that they will report first half, 2024 results on Aug 18, 2024 Announcement • Apr 30
HomeChoice International plc Appoints Gregoire Lartigue as Non-Executive Director HomeChoice International plc announced the appointment of Gregoire Lartigue as a non-executive director to the board with effect from 29 April 2024. He returns to the board after stepping down as CEO in December 2022. The board is pleased to have him on the board in his new capacity. Recent Insider Transactions Derivative • Apr 05
Group CEO & Executive Director exercised options to buy R1.4m worth of stock. On the 31st of March, Sean Wibberley exercised options to buy 65k shares at a strike price of around R22.50, costing a total of R1.5m. This transaction amounted to 14% of their direct individual holding at the time of the trade. Sean currently holds less than 1% of total shares outstanding. Company insiders have collectively sold R9.0m more than they bought, via options and on-market transactions in the last 12 months. Upcoming Dividend • Apr 03
Upcoming dividend of R0.83 per share Eligible shareholders must have bought the stock before 10 April 2024. Payment date: 15 April 2024. Payout ratio is a comfortable 48% but the company is not cash flow positive. Trailing yield: 6.8%. Lower than top quartile of South African dividend payers (9.1%). Higher than average of industry peers (4.4%). Declared Dividend • Mar 14
Final dividend increased to R0.83 Dividend of R0.83 is 7.8% higher than last year. Ex-date: 10th April 2024 Payment date: 15th April 2024 Dividend yield will be 7.1%, which is higher than the industry average of 4.1%. Sustainability & Growth Dividend is covered by earnings (2% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 96 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to decline by 98% to shift the payout ratio to a potentially unsustainable range, which is more than the 8.7% EPS decline seen over the last 5 years. Reported Earnings • Mar 13
Full year 2023 earnings released: EPS: R3.13 (vs R2.95 in FY 2022) Full year 2023 results: EPS: R3.13 (up from R2.95 in FY 2022). Revenue: R3.67b (up 36% from FY 2022). Net income: R335.0m (up 8.8% from FY 2022). Profit margin: 9.1% (down from 11% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Announcement • Mar 12
HomeChoice International plc Declares Cash Dividend for the Year Ended 31 December 2023, Payable on 15 April 2024 Notice is hereby given that the board of directors of HomeChoice International plc has declared a final gross cash dividend of 83.0 cents (66.4 cents net of dividend withholding tax) per ordinary share for the 12 months ended 31 December 2023. The dividend has been declared from income reserves. HIL is registered in the Republic of Mauritius and the dividend is a foreign dividend. A dividend withholding tax of 20% will be applicable to all South African shareholders who are not exempt. The issued share capital at the declaration date is 106,730,376 ordinary shares. Last day of trade to receive a dividend is 9 April 2024. Shares commence trading "ex" dividend is 10 April 2024, Record date is 12 April 2024. Payment date is 15 April 2024. New Risk • Mar 03
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 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 Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 21% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.8% average weekly change). Significant insider selling over the past 3 months (R12m sold). Valuation Update With 7 Day Price Move • Dec 19
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to R21.39, the stock trades at a trailing P/E ratio of 7.2x. Average trailing P/E is 6x in the Specialty Retail industry in South Africa. Total loss to shareholders of 7.3% over the past three years. Recent Insider Transactions • Dec 16
Non-Independent Executive Chairman recently sold R12m worth of stock On the 12th of December, Shirley Maltz sold around 651k shares on-market at roughly R18.00 per share. This transaction amounted to 60% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Shirley's only on-market trade for the last 12 months. New Risk • Dec 11
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: R1.88b (US$98.3m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 21% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (R1.88b market cap, or US$98.3m). Upcoming Dividend • Aug 30
Upcoming dividend of R0.70 per share at 7.6% yield Eligible shareholders must have bought the stock before 06 September 2023. Payment date: 11 September 2023. Payout ratio is a comfortable 50% but the company is not cash flow positive. Trailing yield: 7.6%. Lower than top quartile of South African dividend payers (9.4%). Higher than average of industry peers (4.8%). Reported Earnings • Aug 20
First half 2023 earnings released: EPS: R1.48 (vs R1.47 in 1H 2022) First half 2023 results: EPS: R1.48 (up from R1.47 in 1H 2022). Revenue: R1.17b (down 11% from 1H 2022). Net income: R154.0m (flat on 1H 2022). Profit margin: 13% (up from 12% in 1H 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Apr 12
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to R23.30, the stock trades at a trailing P/E ratio of 7.9x. Average trailing P/E is 8x in the Specialty Retail industry in South Africa. Total loss to shareholders of 18% over the past three years. Recent Insider Transactions Derivative • Apr 09
Non-Independent Executive Chairman exercised options to buy R1.3m worth of stock. On the 31st of March, Shirley Maltz exercised 120.00k options to receive shares at no cost, then sold around 54.00k of them at R23.30 each and kept the remainder. Shirley currently holds less than 1% of total shares outstanding. Company insiders have collectively bought R792k more than they sold, via options and on-market transactions, in the last 12 months. Upcoming Dividend • Apr 05
Upcoming dividend of R0.77 per share at 6.1% yield Eligible shareholders must have bought the stock before 12 April 2023. Payment date: 17 April 2023. Payout ratio is a comfortable 48% but the company is not cash flow positive. Trailing yield: 6.1%. Lower than top quartile of South African dividend payers (9.3%). Higher than average of industry peers (5.3%). Recent Insider Transactions • Mar 30
Lead Independent Non Executive Director recently sold R1.2m worth of stock On the 24th of March, Pierre Joubert sold around 52k shares on-market at roughly R23.30 per share. This transaction amounted to 52% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Reported Earnings • Mar 16
Full year 2022 earnings released: EPS: R2.89 (vs R1.63 in FY 2021) Full year 2022 results: EPS: R2.89 (up from R1.63 in FY 2021). Revenue: R3.66b (up 37% from FY 2021). Net income: R308.0m (up 81% from FY 2021). Profit margin: 8.4% (up from 6.4% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Feb 27
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to R19.12, the stock trades at a trailing P/E ratio of 9.9x. Average trailing P/E is 24x in the Online Retail industry globally. Total loss to shareholders of 43% over the past three years. Board Change • Nov 16
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 2 experienced directors. 5 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Non-Executive Director Marlisa Harris was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Upcoming Dividend • Aug 24
Upcoming dividend of R0.64 per share Eligible shareholders must have bought the stock before 31 August 2022. Payment date: 05 September 2022. Payout ratio is a comfortable 43% but the company is not cash flow positive. Trailing yield: 3.1%. Lower than top quartile of South African dividend payers (8.9%). Higher than average of industry peers (1.0%). Announcement • Aug 03
HomeChoice International plc to Report First Half, 2022 Results on Aug 16, 2022 HomeChoice International plc announced that they will report first half, 2022 results on Aug 16, 2022 Valuation Update With 7 Day Price Move • Jul 19
Investor sentiment improved over the past week After last week's 17% share price gain to R27.00, the stock trades at a trailing P/E ratio of 16.5x. Average trailing P/E is 19x in the Online Retail industry globally. Total loss to shareholders of 29% over the past three years. Valuation Update With 7 Day Price Move • Jun 15
Investor sentiment deteriorated over the past week After last week's 36% share price decline to R17.03, the stock trades at a trailing P/E ratio of 10.4x. Average trailing P/E is 19x in the Online Retail industry globally. Total loss to shareholders of 50% over the past three years. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director Marlisa Harris was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Apr 13
Upcoming dividend of R0.20 per share Eligible shareholders must have bought the stock before 20 April 2022. Payment date: 25 April 2022. Payout ratio is a comfortable 41% but the company is not cash flow positive. Trailing yield: 2.5%. Lower than top quartile of South African dividend payers (7.4%). Higher than average of industry peers (0.8%). Reported Earnings • Mar 17
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: R1.60 (down from R1.60 in FY 2020). Revenue: R3.43b (up 27% from FY 2020). Net income: R170.0m (up 1.8% from FY 2020). Profit margin: 5.0% (down from 6.2% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Jan 20
Investor sentiment improved over the past week After last week's 19% share price gain to R30.90, the stock trades at a trailing P/E ratio of 18.2x. Average trailing P/E is 21x in the Online Retail industry globally. Total loss to shareholders of 18% over the past three years. Board Change • Jan 19
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director Marlisa Harris was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Jan 05
Investor sentiment deteriorated over the past week After last week's 19% share price decline to R26.01, the stock trades at a trailing P/E ratio of 15.3x. Average trailing P/E is 23x in the Online Retail industry globally. Total loss to shareholders of 32% over the past three years. Recent Insider Transactions • Dec 25
Executive Chairman recently bought R9.2m worth of stock On the 22nd of December, Shirley Maltz bought around 296k shares on-market at roughly R31.00 per share. This was the largest purchase by an insider in the last 3 months. This was Shirley's only on-market trade for the last 12 months. Valuation Update With 7 Day Price Move • Dec 22
Investor sentiment improved over the past week After last week's 40% share price gain to R31.00, the stock trades at a trailing P/E ratio of 18.2x. Average trailing P/E is 23x in the Online Retail industry globally. Total loss to shareholders of 17% over the past three years. Valuation Update With 7 Day Price Move • Nov 04
Investor sentiment improved over the past week After last week's 18% share price gain to R29.50, the stock trades at a trailing P/E ratio of 17.3x. Average trailing P/E is 26x in the Online Retail industry globally. Total loss to shareholders of 17% over the past three years. Upcoming Dividend • Aug 25
Upcoming dividend of R0.47 per share Eligible shareholders must have bought the stock before 01 September 2021. Payment date: 06 September 2021. Trailing yield: 3.6%. Lower than top quartile of South African dividend payers (7.7%). Higher than average of industry peers (0.5%). Reported Earnings • Aug 22
First half 2021 earnings released: EPS R1.16 (vs R1.04 in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: R1.36b (up 6.1% from 1H 2020). Net income: R121.0m (up 11% from 1H 2020). Profit margin: 8.9% (up from 8.5% in 1H 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Jul 13
Investor sentiment deteriorated over the past week After last week's 16% share price decline to R20.01, the stock trades at a trailing P/E ratio of 12.5x. Average trailing P/E is 27x in the Online Retail industry globally. Total loss to shareholders of 48% over the past three years. Valuation Update With 7 Day Price Move • Jun 08
Investor sentiment improved over the past week After last week's 24% share price gain to R24.80, the stock trades at a trailing P/E ratio of 15.5x. Average trailing P/E is 28x in the Online Retail industry globally. Total loss to shareholders of 42% over the past three years. Valuation Update With 7 Day Price Move • Apr 06
Investor sentiment deteriorated over the past week After last week's 24% share price decline to R18.80, the stock trades at a trailing P/E ratio of 6.1x. Average trailing P/E is 33x in the Online Retail industry globally. Total loss to shareholders of 57% over the past three years. Announcement • Mar 09
HomeChoice International plc to Report Fiscal Year 2020 Results on Mar 24, 2021 HomeChoice International plc announced that they will report fiscal year 2020 results on Mar 24, 2021