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06-Jun-2019
(Official Notice)
Shareholders were notified that, in accordance with the JSE Listings Requirements, the Company's annual compliance report in terms of section 13G(2) of the Broad-Based Black Economic Empowerment Act 53 of 2003 (read with the Broad-Based Black Economic Empowerment Amendment Act 46 of 2013), is available on the Company's website: mettleinvestments.com/investor-information/b-bbee.
31-May-2019
(C)
The consolidated results of Mettle and its subsidiaries ("the Group") include the South African businesses for the year and Reward for only nine and a half months.



Revenue increased to R227 million for the year ended 28 February 2019 (2018: R44.2 million), while profit attributable to shareholders decreased to R15.4 million (2018: R15.8 million). Earnings per share decreased by 57% from 16.44 cents to 7.14 cents while headline earnings per share decreased by 9% to 14.69 cents (2018: 16.11 cents).



Ordinary dividend

The board has decided not to declare a final dividend.



Company prospects

The results for the year under review contain several once-off items that will not recur in future periods. In addition, the results of Reward have only been included for nine and a half months. As such, the board of directors of the Company ("the Board") expect the results for the year ended 29 February 2020 to more accurately reflect the true operational potential of the Group's business.



Any reference to future financial performance included in this statement has not been reviewed or reported on by the Group's external auditors and does not constitute an earnings forecast.
31-May-2019
(Official Notice)
Mettle shareholders are referred to the detailed cautionary announcement and the renewal of cautionary announcement released on the Stock Exchange News Service of the JSE on 1 March 2019 and 15 April 2019, respectively, relating to negotiations with an established private equity investor ("the Investor") regarding the subscription by the Investor for shares in Mettle Solar Investments (Pty) Ltd. ("MSI") and Mettle Solar Africa Ltd. ("MSA") ("the Companies"), which will result in the Investor holding 40% of the issued shares of each of the Companies, for a total subscription amount of R106.7 million.



Mettle shareholders are advised that these negotiations are still in progress which, if successfully concluded, may have a material effect on the price of the Company's shares.



Accordingly, Mettle shareholders are advised to continue exercising caution when dealing in their shares in the Company until a further announcement is made.
21-May-2019
(Official Notice)
In terms of paragraph 3.4(b) of the JSE Limited Listings Requirements companies are required to publish a trading statement as soon as a reasonable degree of certainty exists that the financial results for the period to be reported upon next will differ by at least 20% from those of the previous corresponding reporting period.



Accordingly, shareholders of the Company are advised that earnings per share for the year ended 28 February 2019 is expected to be between 6.58 cents and 9.86 cents per share (2018: 16.44 cents per share), being a decrease of between 60% and 40% from the earnings per share reported for the year ended 28 February 2018. Headline earnings per share for the same period is expected to decrease by no more than 20%. The decrease in earnings per share is primarily attributable to an impairment by the Company of its investment in an associate, Lendcor (Pty) Ltd ("Lendcor").



Lendcor provides unsecured loans for home improvements to the lower LSM market through a network of building supply merchants. During the financial year certain changes to the collection methodology relating to a segment of its lending book were imposed. Lendcor adjusted its business rules to address these changes. However, this has had a negative impact on the collectability of this portion of its lending book. As a result, Lendcor incurred a R0.4 million loss for the year ended 28 February 2019 (2018: R12 million profit). The Company therefore recorded an impairment provision of R12.8 million against its investment in Lendcor.



In addition, once-off restructuring costs of R4 million and new recurring listing related costs of R2 million attributable to the restructure and listing of the Company contributed to the decrease in earnings. Shareholders of the Company are advised that the net asset value per share as at 28 February 2019 is expected to be between 192 cents and 205 cents per share (2018: 128 cents per share), being an increase of between 50% and 60% from the net asset value per share reported as at 28 February 2018.



The financial information on which this trading statement is based has not been reviewed or reported on by the Company's external auditors. The financial results of the Company for the year ended 28 February 2019 are expected to be released on or about 31 May 2019.
15-Apr-2019
(Official Notice)
Mettle shareholders are referred to the detailed cautionary announcement released on the Stock Exchange News Service of the JSE on 1 March 2019 wherein it was announced that the Company was in early negotiations with an established private equity investor ("the Investor") regarding the subscription by the Investor for shares in MSI and MSA ("the Companies"), which will result in the Investor holding 40% of the issued shares of each of the Companies, for a total subscription amount of R106.7 million.



Mettle shareholders are advised that these negotiations are still in progress which, if successfully concluded, may have a material effect on the price of the Company's shares.



Accordingly, Mettle shareholders are advised to continue exercising caution when dealing in their shares in the Company until a further announcement is made.
06-Mar-2019
(Official Notice)
01-Mar-2019
(Official Notice)
12-Nov-2018
(C)
The following are the company's maiden interim results following listing therefore there are no comparatives. Revenue was R84.1 million, profit from operations was recorded at R49.6 million and profit attributable to equity holders of the parent came to R9.4 million. Furthermore, headline earnings per share was 4.65 cents per share.



Dividend

The board has decided not to declare an interim dividend.



Company prospects

The results for the period under review contain several 'once off' items that will not recur in future periods. In addition, the results of Reward have only been consolidated into Mettle for three and a half months. As such, the directors expect the results for the 6 months ended 28 February 2019 to more accurately reflect the true operational potential of the Group's business.



Given the reliance of Mettle on the performance of Reward, the outcome of the Brexit negotiations is a source of both risk and opportunity. Once the Brexit negotiations have been finalised, the directors will be able to make a more accurate assessment of the potential impact on the business.



All businesses have sufficient facilities in place to support growth for the foreseeable future.



Mettle has concluded agreements for the acquisition of an indirect 49% shareholding in, and certain loan claims against, Christopher Finance (Pty) Ltd. as announced on SENS on 5 November 2018 (refer to note 8).



Any reference to future financial performance included in this statement has not been reviewed or reported on by the Group's external auditors and does not constitute an earnings forecast.
05-Nov-2018
(Official Notice)
The board of directors of Mettle ("the Board") is pleased to announce that it has concluded agreements with, amongst others, the trustees for the time being of the Andia Trust and the Viola Trust ("the CF Sellers"), being the shareholders of Imali Medical Claims (Pty) Ltd. ("Imali"). Once fully implemented, Mettle will indirectly own a 49% shareholding in Christopher Finance (Pty) Ltd. ("CF") and loan claims against CF. This is conditional upon the management of CF, which is currently being outsourced to Christopher Consulting (Pty) Ltd. ("CC"), being internalised ("collectively the Transactions").



Purchase consideration

The first transaction entails Mettle acquiring an effective 49% shareholding in CF for R17.7 million through the acquisition by it of all the shares in Imali ("the First Transaction"). Imali owns 50% of the issued share capital of CF. In addition, Mettle will as part of the First Transaction, also purchase the loan claims against Imali from the CF Sellers for their face value, being R9.9 million. The purchase price of these shares and loans will be settled in cash. Mettle will obtain warranties and representations from the CF Sellers as well as Christopher Holdings (Pty) Ltd. ("CH"), the other shareholder in CF, that are usual for transactions of this nature. As part of the First Transaction, Imali will sell 1% of the issued share capital of CF to CH for R404,538 payable in cash, thereby decreasing its interest from 50% to 49%.



The second transaction entails CF acquiring the business of CC from CC as a going concern for a maximum amount of R15 million. This purchase price will remain owing on an interest-bearing loan account. CF will obtain warranties that are normal for a transaction of this nature as well as certain profit warranties from CC in respect of the business of CC ("the Second Transaction"). Other terms and conditions applicable to the First and Second Transactions are normal for a transaction of this nature.
23-Oct-2018
(Official Notice)
Shareholders are hereby notified that, in accordance with the JSE Listings Requirements, the company?s annual compliance report in terms of section 13G(2) of the Broad-Based Black Economic Empowerment Act 53 of 2003 (read with the Broad-Based Black Economic Empowerment Amendment Act 46 of 2013), is available on the company?s website: https://mettleinvestments.com/investor-information/b-bbee
19-Sep-2018
(Official Notice)
Shareholders are advised that Mr Herman Troskie has resigned from his position as lead independent non-executive director of Mettle with effect from 12 September 2017.



Mr Raymond Fenner will join the board of Mettle with effect from 18 September 2018 and will replace Mr Troskie as lead independent non-executive director and will also be the chairman of the audit and risk committee.
08-Aug-2018
(Official Notice)
Shareholders are referred to the announcement released on SENS on 7 August 2018 regarding, inter alia, the results of the annual general meeting held on that date and are advised that the names of the members appointed to the Audit and Risk Committee were incorrectly reflected thereon and should read as follows:



Members of the Audit and Risk Committee:

BA Chelius

HRW Troskie

MVZ Wentzel
07-Aug-2018
(Official Notice)
Shareholders are advised that at the Annual General Meeting of Mettle shareholders held today, 07 August 2018, the special and ordinary resolutions proposed thereat, were approved by the requisite majority of votes as set out below. The total number of Mettle ordinary shares in issue is 247 174 375 shares of which 161 983 815 shares were voted at the Annual General Meeting, representing 66%.



General meeting

Shareholders are advised that at the General Meeting of Mettle shareholders held today, 07 August 2018, the ordinary resolutions proposed thereat, were approved by the requisite majority of votes as set out below. The total number of Mettle ordinary shares in issue is 247 174 375 shares of which 162 437 456 shares were voted at the General Meeting, representing 66%.

11-Jul-2018
(Official Notice)
Shareholders are notified that a circular, setting out information relating to the adoption of an Employee Share Option Scheme, was posted on 10 July 2018, to ordinary shareholders registered as such on Friday, 29 June 2018 (?Circular?).



An electronic copy of the Circular is available on the Company?s website mettleinvestments.com/wp-content/uploads/2018/07/mettle-investments-circular- 180710.pdf.



Notice of the general meeting

Notice is hereby given that a general meeting will be held in the boardroom, located on the 3rd Floor of the Pepkor Building at 36 Stellenberg Road, Parow Industria, Cape Province on Tuesday, 07 August 2018 (the ?General Meeting?) at the later of 11:00 and the closing time of the Company?s annual general meeting scheduled for the same day.



Salient dates and times for the general meeting is set out below:

*Last day to trade in order to be eligible to vote at the general meeting - Tuesday, 24 July 2018

*Record date in order to vote at the general meeting - Friday, 27 July 2018

*Receipt of Forms of Proxy - Friday, 03 August 2018



*Any proxies not lodged by this time may be handed to the chairperson of the general meeting prior to the commencement of the general meeting.
29-Jun-2018
(Official Notice)
Shareholders are advised that the Company?s audited annual financial statements and Integrated Annual Report for the year ended 28 February 2018 are available on the Company?s website at www.mettleinvestments.com. Neither the audited annual financial statements nor the audit report contain any modifications to the summarised audited results, published on SENS on 31 May 2018. Shareholders are further advised that the Company?s Integrated Annual Report will be posted to shareholders .



Notice of the Annual General Meeting

*Notice is hereby given that the annual general meeting (?AGM?) of shareholders will be held in the boardroom, located on the 3rd floor of the Pepkor Building at 36 Stellenburg Road, Parow Industria, at 10:00 on Tuesday, 07 August 2018.

*Record date for determining those shareholders entitled to receive the notice of AGM Friday, 22 June

*Last day to trade in order to be eligible to participate in, and vote at the AGM Tuesday, 24 July

*Record date (for voting purposes at the AGM) Friday, 27 July

*Forms of proxy for the AGM to be lodged by 10:00 on# Friday, 03 August



#Any proxies not lodged by this time may be handed to the chairperson of the AGM immediately prior to the commencement of the AGM.



11-Jun-2018
(Official Notice)
31-May-2018
(C)
The following are the company's maiden results following its listing therefore there are no comparatives. Revenue for the year was R44.2 million. Profit from operations came to R17.5 million. Total comprehensive income attributable to equity holders of the company was recorded at R15.8 million. Furthermore, headline earnings per share was 16.11 cents per share.



24-May-2018
(Official Notice)
10-Jan-2019
(X)
The company is an investment holding company with trading subsidiaries and associates in the factoring and debtor finance, corporate finance, vehicle finance, incremental housing finance, solar energy, outsourced credit administration for asset finance and fintech markets. The group operates solely in South Africa.


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