Latest news with #JSE
IOL News
7 hours ago
- Business
- IOL News
Kumba results lift stock 6% but five-year losses leave investors 43% in the red
South Africa is one of the largest producers of iron ore in Africa exporting $4.8 billion of the commodity in 2022. Kumba Iron Ore's share price collapse has wiped out nearly half of investors' money over the past five years as it reported flat headline earnings per share on Tuesday. A R10, 000 investment in 2020 would now be worth just R5, 387 – unless you sold at its 2021 peak, where the profit would have been roughly the same as selling today. This is thanks to a 44% climb in stock over the past year, while the five-year view shows a decline of 43%. Despite the increase in value, it's a far cry from the JSE's All Share figures, which has shown a return of 74% over the same five-year period. Kumba's figures, however, are purely based on share price movements and do not include dividends, such as the interim cash dividend of R16.60 declared on Tuesday morning as the miner published its interim results for the period to June. Although this payment, out of attributable free cash flow of R7.9 billion, comes to a payout for shareholders in total of R5.3 billion, it is lower than last year's R18.77 paid out per share. The iron ore miner's share price started falling from around last January. Kumba, which owns both Sishen and Kolomela mines, is one of the operations Anglo American said last May that would continue to form part of the group.
IOL News
13 hours ago
- Business
- IOL News
Boxer Retail's share price rises following positive trading update
Boxer produced consistent market share gains through the 17-week period to June 29, 2025. and also saw positive recent trends, as the high base from the first few months of 2025 normalises, Image: : Nqobile Mbonambi/Independent Newspapers Boxer Retail was one of the top biggest movers on the JSE Tuesday morning after it reported a strong performance for the 17-week period to June 29, despite a highly constrained consumer environment and internal food selling price inflation of -0.6%. The soft discount retailer, which was listed out of Pick n Pay in November last year, saw its share price rise 3.58% to R69.21 early Tuesday morning after the release of a trading update that showed turnover up 12.1% and 3.9% on a like-for-like basis. The share price is not far off the R63.51 it traded at when it listed. This represents a positive trend when compared with the 9% turnover and 3.7% like-for-like growth reported for the second half of its 2025 financial year, as disclosed in Boxer's results for the 53 weeks to March 2, 2025. 'Boxer has produced consistent market share gains through the period and also seen positive recent trends, as the high base from the first few months of 2025 normalises,' its directors reported. They said the internal food inflation on a volume-held-constant basis represented a further reduction from the volume-held-constant inflation of 0.3% for the 2025 financial year. 'Despite the challenging economic environment and the mild deflation reported for the period, Boxer remains comfortable that it is on track to meet its previously guided low-teens FY26 turnover growth objective, given the like-for-like momentum and store rollout program,' the directors said. Video Player is loading. Play Video Play Unmute Current Time 0:00 / Duration -:- Loaded : 0% Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Background Color Black White Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Transparent Window Color Black White Red Green Blue Yellow Magenta Cyan Transparency Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Dropshadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Advertisement Next Stay Close ✕ Ad loading Boxer opened 7 Superstores and 10 liquor stores in the first four months of the 2026 financial year, and it was on track to meet its previously communicated store roll-out targets, the directors said. 'Boxer remains confident with its FY26 gross margin outlook, despite the inherent margin management challenges in a low inflation environment,' they said. Boxer, which is still 65.6% held by Pick n Pay, said it was switching to reporting volume-held-constant inflation, which more appropriately reflects its effective selling price inflation to customers. For the 2022, 2023, and 2024 financial years, Boxer's volume-held-constant internal selling price inflation was 4.2%, 10.1%, and 3.1% respectively. BUSINESS REPORT
IOL News
14 hours ago
- Business
- IOL News
Right of reply: Anushka Bogdanov
Business Report on July 28 ran the story JSE fines former EOH director Bogdanov R500k for faking qualification. Anushka Bogdanov in a right of reply says she is aware of the SENS announcement published by the JSE on July 25, 2025 referencing her academic qualifications. She claims the announcement contains several factual inaccuracies and misrepresentations. Bogdanov says she is a highly qualified governance and risk management specialist with over three decades of professional experience in senior leadership positions in various financial and development institutions. She says she has submitted all supporting documentation from accredited institutions, including her doctoral research, to the JSE in good faith and in full transparency.
IOL News
2 days ago
- Business
- IOL News
JSE fines former EOH director Bogdanov R500k for faking qualification
Anushka Bogdanov, a former director of EOH Holdings Image: Social media The JSE on Friday said it had fined Anushka Bogdanov, a former director of EOH Holdings, R500 000 and immediate disqualification from holding the office of a director or officer of a company listed on the JSE for a period of 10 years for fake qualifications. It said that Bogdanov was appointed as an independent non-executive director of EOH Holdings on June, 20, 2019 and served as the chairperson of the Social and Ethics Committee, a member of the Governance and Risk Committee and Nomination and Remuneration Committee and then as the lead independent non-executive director in February 2020. Bogdanov resigned from EOH with effect from July 28, 2020. Upon Bogdanov's appointment as director of EOH, her Curriculum Vitae provided to the company stated that she held a PhD in International Finance obtained from the London Business School in 2007/2008. In addition thereto, as required by the provisions of Schedule 13 of the JSE's Listings Requirements, Bogdanov submitted a Director's Declaration to the JSE wherein she attested to and confirmed that she possessed a PhD in International Financial Management and Mathematics. Based on the information contained in Bogdanov's CV provided to the company and the Schedule 13 Directors' Declaration submitted to the JSE, EOH made various disclosures to the market and the public in their SENS announcements and annual reports, specifically that Bogdanov possessed a PhD in International Finance and/or referred to her as "Doctor". However, the JSE said it was subsequently established by EOH that Bogdanov falsely stated that she had obtained a PhD in International Finance from the London Business School or any other institution during 2007/2008 or at any other time. Video Player is loading. Play Video Play Unmute Current Time 0:00 / Duration -:- Loaded : 0% Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Background Color Black White Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Transparent Window Color Black White Red Green Blue Yellow Magenta Cyan Transparency Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Dropshadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Advertisement Next Stay Close ✕ Ad Loading Based thereon, the JSE said it had initiated an investigation into concerns about the veracity of Bogdanov's qualification and credentials. "Throughout the process, Ms. Bogdanov was afforded numerous opportunities to refute these allegations, make submissions and provide the JSE with proof that she did obtain a PhD in International Finance and Mathematics from the London Business School. The facts and information obtained during the investigation indicated that there were significant discrepancies and irregularities relating to the authenticity of her qualification, and her statements and representations made in respect thereof," the JSE said. "These findings were supported by independent verification and objective evidence, which raised serious concerns about the accuracy and reliability of the documentation submitted by Ms. Bogdanov as well as the veracity of Ms. Bogdanov's representations about her qualification." The JSE had initially engaged with Bogdanov in November 2020 regarding allegations about the authenticity of her PhD qualification. The JSE explained that the length of time necessary to conclude the investigation was caused by numerous requests from Bogdanov for more time in responding to the JSE's queries. Despite the JSE's efforts of engagements with Bogdanov over the past five years, Bogdanov could not provide the JSE with such confirmation. Finally, in late 2024, Bogdanov confirmed and admitted to the JSE that she did not have a PhD degree from the London Business School. The JSE concluded that Bogdanov falsely stated to the EOH and the JSE that she had a PhD qualification. As a result of this falsehood, EOH in turn, misrepresented Bogdanov's PhD qualification to its shareholders, the JSE and the investing public. It is for this reason that the JSE found Bogdanov in breach of the provisions of General Principle (v) and (vii) of the Listings Requirements. "Bogdanov's false statement that she obtained a PhD qualification in International Financial Management and Mathematics from the London Business School raises serious and material concerns about her integrity and suitability as a director of companies listed on the JSE, and casts serious doubt on her ability to fulfill these important responsibilities. Furthermore, Ms. Bogdanov's actions demonstrate a grave violation of professional integrity and an unacceptable disregard for ethical standards, the JSE said, For these reasons and with reference to the JSE's findings of breach, the JSE has decided to impose the public censure and a fine her. BUSINESS REPORT
Yahoo
2 days ago
- Business
- Yahoo
Those who invested in Woolworths Holdings (JSE:WHL) five years ago are up 82%
While Woolworths Holdings Limited (JSE:WHL) shareholders are probably generally happy, the stock hasn't had particularly good run recently, with the share price falling 15% in the last quarter. But at least the stock is up over the last five years. In that time, it is up 55%, which isn't bad, but is below the market return of 100%. Let's take a look at the underlying fundamentals over the longer term, and see if they've been consistent with shareholders returns. AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. There is no denying that markets are sometimes efficient, but prices do not always reflect underlying business performance. One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement. During the five years of share price growth, Woolworths Holdings moved from a loss to profitability. That's generally thought to be a genuine positive, so investors may expect to see an increasing share price. Since the company was unprofitable five years ago, but not three years ago, it's worth taking a look at the returns in the last three years, too. In fact, the Woolworths Holdings stock price is 8.6% lower in the last three years. Meanwhile, EPS is up 3.3% per year. It would appear there's a real mismatch between the increasing EPS and the share price, which has declined -3.0% a year for three years. The graphic below depicts how EPS has changed over time (unveil the exact values by clicking on the image). Dive deeper into Woolworths Holdings' key metrics by checking this interactive graph of Woolworths Holdings's earnings, revenue and cash flow. What About Dividends? It is important to consider the total shareholder return, as well as the share price return, for any given stock. The TSR incorporates the value of any spin-offs or discounted capital raisings, along with any dividends, based on the assumption that the dividends are reinvested. So for companies that pay a generous dividend, the TSR is often a lot higher than the share price return. In the case of Woolworths Holdings, it has a TSR of 82% for the last 5 years. That exceeds its share price return that we previously mentioned. This is largely a result of its dividend payments! A Different Perspective Woolworths Holdings shareholders are down 13% for the year (even including dividends), but the market itself is up 24%. Even the share prices of good stocks drop sometimes, but we want to see improvements in the fundamental metrics of a business, before getting too interested. Longer term investors wouldn't be so upset, since they would have made 13%, each year, over five years. It could be that the recent sell-off is an opportunity, so it may be worth checking the fundamental data for signs of a long term growth trend. While it is well worth considering the different impacts that market conditions can have on the share price, there are other factors that are even more important. Even so, be aware that Woolworths Holdings is showing 2 warning signs in our investment analysis , you should know about... Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of companies we expect will grow earnings. Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on South African exchanges. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
