Last 23,309
Change Today -341.00 / -1.44%
Volume 661.6K
REM On Other Exchanges
Symbol
Exchange
Johannesburg
OTC US
As of 11:00 AM 07/25/14 All times are local (Market data is delayed by at least 15 minutes).

remgro ltd (REM) Snapshot

Open
$23,649
Previous Close
$23,650
Day High
$23,661
Day Low
$23,295
52 Week High
07/24/14 - $23,825
52 Week Low
02/5/14 - $17,915
Market Cap
120.4B
Average Volume 10 Days
773.7K
EPS TTM
$12.32
Shares Outstanding
481.1M
EX-Date
04/7/14
P/E TM
18.9x
Dividend
$357.00
Dividend Yield
1.53%
Current Stock Chart for REMGRO LTD (REM)

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remgro ltd (REM) Details

Remgro Limited, an investment holding company, engages in financial services, medical services, food, wine and spirits, petroleum products, glass products, shipping, freight and logistics, media, and technology businesses primarily in South Africa. The company provides banking and insurance products and services to retail, commercial, corporate, and public sector customers; investment banking services; and long and short-term insurance, asset management, investment, healthcare administration, and employee benefits products. It also manufactures and markets chicken, sugar, animal feed, food products, and home and personal care products; and produces wines, spirits, and flavored alcoholic beverages. In addition, the company engages in refining and marketing petroleum and petroleum products; producing oxygen, nitrogen, argon, hydrogen, and carbon dioxide for sale by pipeline under long-term contracts to industrial users; distributing industrial gases and chemicals; and manufacturing and distributing extruded aluminum profiles for use in the building, engineering, and durable goods sectors. Further, it is involved in manufacturing, distributing, and installing automotive and building glass products; production and assembly of vehicle components; provision of fund management services; development of thin-film flexible solar cells; and provision of hospital services. Additionally, the company engages in free-to-air television (TV) broadcasting; operation of out-of-home advertising network on mass transportation systems; and sports and leisure activities. It also builds, owns, maintains, and monitors fiber-optic networks; supplies and installs products and components, and systems to the telecommunication industry; provides lightning and power surge protection products; and offers property management services for small and medium enterprises. The company, formerly known as Rembrandt Group Limited, was incorporated in 1948 and is headquartered in Stellenbosch, South Africa.

17,594 Employees
Last Reported Date: 10/30/13
Founded in 1948

remgro ltd (REM) Top Compensated Officers

Chairman of Management Board, Chief Executive...
Total Annual Compensation: R7.1M
Chief Financial Officer, Member of Management...
Total Annual Compensation: R5.4M
Director of Corporate Affairs, Member of Mana...
Total Annual Compensation: R1.0M
Executive Director of Investments and Executi...
Total Annual Compensation: R2.4M
Head of Corporate Finance Division, Member of...
Total Annual Compensation: R2.0M
Compensation as of Fiscal Year 2013.

remgro ltd (REM) Key Developments

Remgro Seeks Acquisitions In Africa And Botswana

Remgro Limited (JSE:REM) is looking for acquisition opportunities. Jannie Durand, Chief Executive Officer of Remgro said, “Most of the acquisitions that we were looking at are being done via the platforms with RCL Foods Limited (JSE:RCL), we did acquisitions there. And on the infrastructure side we have a fund and we've got Grindrod Limited (JSE:GND) and we're looking at acquisitions there. So going forward you will see that most of the acquisitions will probably be via the platforms and via existing investments. So we will actually support our investments in doing acquisitions which means you will probably see less acquisitions at the centre. Grindrod has announced that they will be going on a capital-raising exercise so they're seeing quite a few opportunities. Secondly, in RCL where we're looking at a couple of opportunities in Africa to expand the business there. We've just recently announced an acquisition of Senn Foods in Botswana. So those are the two main areas where we are looking for acquisitions.

Remgro Limited Declares Interim Gross Dividend, Payable on 14 April 2014; Reports Unaudited Consolidated Earnings Results for the Six Months Ended December 31, 2013

Remgro Limited announced an interim gross dividend of 156 cents compared to 145 cents last year per share has been declared out of income reserves in respect of both the ordinary shares of no par value and the unlisted B ordinary shares of no par value, for the half-year ended 31 December 2013. Record date for the dividend is 11 April 2014 and payment date is 14 April 2014. The company reported unaudited consolidated earnings results for the six months ended December 31, 2013. For the period, the company reported sales of ZAR 12,662 million compared to ZAR 7,872 million a year ago. Consolidated profit before tax was ZAR 329 million compared to ZAR 718 million a year ago. Consolidated profit after tax was ZAR 237 million compared to ZAR 568 million a year ago. Net profit for the period attributable to equity holders was ZAR 3,860 million or 739.8 cents per diluted share compared to ZAR 1,787 million or 342.0 cents per diluted share a year ago. Headline earnings were ZAR 3,657 million or 700.2 cents per diluted share compared to ZAR 3,040 million or 308.7 cents per diluted share a year ago. Net cash inflow from operating activities was ZAR 1,220 million compared to ZAR 336 million a year ago. Net asset value per share increased by 13.0% from ZAR 204.83 at 30 June 2013 to ZAR 231.41 at 31 December 2013.

Remgro Limited Provides Earnings Guidance for the Six Months Ended December 31, 2013

Remgro Limited provided earnings guidance for the six months ended December 31, 2013. For the period, the company headline earnings per share is expected to be between 18% and 22% higher than the restated HEPS of the comparative six months ended December 31, 2012. Excluding the effect of the once-off items relating to Mediclinic's refinancing transaction, Remgro's HEPS for the six months ended December 31, 2013 is expected to be between 18% and 22% higher than the restated HEPS of the comparative six months ended December 31, 2012. Prior to the restatement of the comparative results for the six months ended December 31, 2012, Remgro's reported HEPS is expected to be between 111% and 115% higher than the HEPS of the six months ended 31 December 2012. Excluding the effect of the once-off items relating to Mediclinic's refinancing transaction and also prior to the restatement of the comparative results, Remgro's HEPS for the six months ended 31 December 2013 is expected to be between 14% and 18% higher than the HEPS of the six months ended 31 December 2012.

 

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