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General information

Sector: Financials

The company is not available at Interactive Brokers

Brimstone Investment Corporation - N Shares (JSE:BRN) are non-voting shares in Brimstone Investment Corporation.

Brimstone Investment Corporation is a black controlled and managed investment company. Brimstone seeks to achieve above average returns for shareholders by investing in wealth creating businesses and entering into strategic alliances to which it contributes capital, innovative ideas, management expertise, impeccable empowerment credentials and a values driven corporate identity.

Strategic focus

Brimstone is well capitalised, has access to further capital and has the team and experience to pursue value enhancing transactions. Brimstone takes a long term view on its investments and will continue to focus on the food, healthcare and financial services sectors while carefully considering other sectors.

Dividend flow from existing investments and a strong balance sheet allow Brimstone to fund future opportunities. The Company has a strong track record of delivering shareholder value and making consistent distributions to shareholders and is supported by an experienced team with proven deal-making ability.

Current investments include:

Aon Re Africa

Aon Re Africa is a leading reinsurance and retrocession intermediary in Sub Saharan Africa, based in Johannesburg, South Africa with a subsidiary office in Harare, Zimbabwe.

Equites

Equites Property Fund Limited is a leading South African property fund manager and developer, focused on high quality industrial assets at the top-end of the industrial property sector, with a selective exposure to office property.

House of Monatic

House of Monatic is involved in the design, marketing and manufacturing of mens and ladies clothing and accessories with C² Retail Stores.

Multichoice Phuthuma Nathi

Black owned investment company that holds 20% of Multichoice South Africa.

MTN Zakhele Futhi

Black owned investment company that holds approximately 4% of MTN Group.

Life Healthcare (JSE:LHC)

Life Healthcare's principal business is acute hospital care and comprises one of the widest geographic spreads of acute care hospitals and day surgical centres in South Africa with additional investments in India and Poland.

Oceana (JSE:OCE)

Oceana engages in the catching, processing and procurement of marine species including pilchard, sardine anchovy, redeye herring, lobster, horse mackerel, squid, tuna, hake and other deep sea species.

Obsidian Health

Obsidian Health is a leading supplier of innovative solutions to healthcare providers and clinicians within sub Saharan Africa which support improved patient care in a cost effective manner.

Sea Harvest (JSE:SHG)

Sea Harvest Group is a leading seafood, aquaculture, agri-processing and branded fast-moving consumer goods (FMCG) business with a global footprint.

FPG Property Fund

FPG Property Fund is a South African based privately held property investment and development company. With a 30 year history the fund covers all facets of the real-estate industry but primarily invests in the retail convenience sector across South Africa and offshore.

Information on the company's voting shares may be found at Brimstone Investment Corporation (JSE:BRT).



  • Good financial results growth rate 98.4% (average between last period year over year growth for revenue and Net Income), there is acceleration compared to average historical growth rates (0.6%)
  • Dividend yield for the last twelve months 0.0%
  • Share price is 2.6% higher than minimum and 49.4% lower than maximum for the last 3 years
  • The company is undervalued by P/E LTM multiple compared to target level (3.7x vs
    )
  • Fundamental value created in LTM (estimate)

Key Financials

Share price, ZAR:  (0.0%)4.35
Share price, USD: 0.2337
Common stocks: 224 977 011

Dividend Yield:  0.0%
P/E LTM: 3.7x
Last revenue growth (y/y):  -1.0%
Last growth of Net Income (y/y):  +197.8%
Historical revenue growth:  +10.2%
Historical growth of Net Income:  +109.3%
Target P/E (hist percentile):
Fundamental value created in LTM:
P/E mutiple calculation
Market Cap ($m): 53
Net Profit ($m): 14
P/E LTM: 3.7x
Price to Book: 0.21x

Revenue and Net Income

Semi-Annual values ($m)

Change (y/y)

Share price and dividends (Download history)

Share price

Payment ZAR per share

Multiple and potential

P / E

Potential dynamics

Reuters Headlines

S.Africa`s Brimstone quits Clover buyout after anti-Israel pressure

South Africa`s Brimstone Investment Corporation said it was pulling out of a proposed 4.8 billion rand ($345 million) buyout of dairy firm Clover Industries, amid opposition from an anti-Israel group.

2019-04-12

JSE:BRN JSE:BRT

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Releases

2022-08-04
Trading statement
2022-06-29
Dealings in securities
2022-06-08
Dealing in securities
2022-05-30
Results of annual general meeting
2022-05-27
Voluntary Quarterly Intrinsic Net Asset Value disclosure
2022-05-24
Update on the acquisition by Sea Harvest of the Western Australia based fishing businesses of MG Kailis
2022-04-28
A proposed specific repurchase, no change statement, details of annual general meeting and annual compliance report
2022-04-22
Dealing in securities
2022-03-30
Notice of financial results presentation
2022-03-29
Consolidated financial results for the year ended 31 December 2021
2022-03-28
Further trading statement
2022-03-22
Further trading statement
2022-02-23
Disclosure of acquisition of shares
2022-02-17
Trading statement
2022-01-11
Acquisition by Sea Harvest Group Ltd of the Western Australia based fishing businesses of MG Kailis Holdings Pty Ltd
2021-12-02
Appointment of director
2021-12-02
Dealings in securities
2021-11-19
Voluntary Quarterly Intrinsic Net Asset Value (“NAV”) disclosure