Sum-of-the-parts value

 

Latest reported
R’000  30 June 2020
Financial Services
Prescient             318 496
AHI Asset Management 146 726
Sithega Fund 54 037
Praxis Financial Services
Greenpoint Holdings 10 998
Inyosi Solutions           7 724
Friedshelf 18 769
Industrials and technology
Tellumat 1 26 862
Corporate assets
Financial assets 1 179
Loan portfolio 2 124 482
Venture capital portfolio 3          30 499
Cash and cash equivalents 400 986
Other assets 403
Total assets   1 141 161
Trade and other payables          (1 164)
Sum-of-the-parts (SOTP) value       1 139 997
Less cost of treasury shares held in subsidiary       (64 026)
Adjusted SOTP value       1 075 971
Net shares in issue (‘000) 4       822 617
SOTP value per share (Rand) 5       1.31

 

1. The value comprises the sum of the investments in Tellumat and Amalinde Technologies
2. Investments in the Greenpoint Funds held indirectly via a preference share
3. Held in Stellar International
4. Net shares in issue exclude 90 million treasury shares held by AHI Asset Management
5. SOTP value per share accounts for the effect of 90 million treasury shares acquired by AHI Asset Management at an average acquisition price of 71 cents per share
6. The current investment fair values in the above SOTP do not result in a net tax liability upon disposal

Refer to the latest published results for details of the underlying assets and liabilities as well as information regarding valuations of investments held at fair value.

Financial advisor disclaimer
The information provided included in the SOTP calculation is for GENERAL INFORMATIONAL PURPOSES ONLY and does not constitute an offer to sell any securities or investment advice relating to securities or a representation that the security is a suitable or appropriate investment for any person. You are advised to give independent consideration to and conduct independent investigation with regards to this information and to obtain investment advice from your independent financial advisors. The purpose of the SOTP is to assist shareholders and/or investors on a SOTP summary extracted from the most recent published financial results.

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