Sechaba share price drops 

SHARE   |   Wednesday, 05 July 2017   |   By Kabelo Adamson
Sechaba MD, Johan de Kok  Sechaba MD, Johan de Kok

Sechaba Brewery Holdings Limited (SBHL) share price has fallen by more than 5 percent in a nine-month period, from April to end of December 2016. SBHL, a listed investment company with 60 percent stake in Kgalagadi Brewery Limited (KBL), indicated this in its latest annual report availed this week. In his statement, board chairman Thabo Matthews says the drop was in line with the overall market performance as reflected by the weakening of the Domestic Companies Index (DCI) by 7.90% to 9,400.71 points in the period under review. During the nine months’ period, Sechaba share price contracted by 5.26 percent from P28.50 per share as at 04 April 2016 to P27.00 on December 30, 2016. A number of stocks performed negatively on the BSE and Matthews believes this is a reflection of the challenging domestic economic conditions. Furthermore, Matthews says the share price loss combined with a gross dividend of P0.99 (0.69+0.30) per share, yielded capital losses of 1.79% per share for investors during the 9 months ended 30 December 2016. Despite the share price loss, Sechaba remains one of the top companies at the BSE in terms of share price and was ranked 17th out of 22 counters on the main board. Under the period under review, liquidity for Sechaba shares declined with shares worth P42.1m traded in the 9 months compared to P158.2m shares that changed hands in the corresponding period the prior year.



Internal advert