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08-Aug-2019
(C)
Revenue for the interim period increased to R171 million (2018: R71 million), operating profit rose to R101.5 million (2018: R41.1 million), profit from continuing operations for the period grew to R65.4 million (2018: R17.7 million), while headline earnings per share lowered to 22.22 cents per share (2018: 32.89 cents per share).



Dividend

The board has approved, and notice is hereby given of an interim dividend of 30.24929 cents per share for the six months ended 30 June 2019 (2018: 30.09880 cents per share.



Company outlook

Difficult economic conditions continue to affect the lower to middle income target market segment in which Transcend operates, with increased pressure on tenant affordability, rental escalations and property vacancies. Job losses mainly in the construction and finance sector and the continued Eskom electricity constraints for the first half of the year, along with policy uncertainty surrounding Eskom?s debt restructuring, have also caused a deceleration in economic growth during 2019. These factors will further impact the economic outlook over the short- to medium-term. Despite these conditions, Transcend still expects its performance for the remaining 6 months of the year to be slightly better than last year?s performance.



Material changes to the existing portfolio include the conclusion of the disposal of Acacia Place, located in Duvha, Witbank, Mpumalanga; as well as the disposal of units at Midrand Village, a freehold property located in Porcelain Road, Clayville, Gauteng. The decision to sell the Midrand Village units is part of management?s strategy to sell units that are not performing nor suited to the profile of units or property held by Transcend for rental purposes; and further pay down debt to reduce the Company?s current LTV ratio.



This forecast is the responsibility of the board and has not been reviewed or reported on by the independent external auditors. Transcend's use of distribution per share as a relevant measure of financial performance remains unchanged from the Listing Prospectus issued on its listing in 2016.
22-Jul-2019
(Official Notice)
28-Jun-2019
(Official Notice)
Shareholders are hereby notified that in accordance with the JSE Listings Requirements, the Company's annual compliance report in terms of section 13G(2) of the Broad-Based Black Economic Empowerment Act 53 of 2003, read with the Broad-Based Black Economic Empowerment Amendment Act 46 of 2003, has been published and is available on the Company's website at www.transcendproperty.co.za.
31-May-2019
(Official Notice)
Transcend shareholders are advised that, at the Annual General Meeting of the Company ("AGM") held on Thursday, 30 May 2019, in terms of the notice of AGM distributed on Tuesday, 30 April 2019, save for special resolution number 4 which was withdrawn prior to the AGM, all the ordinary and special resolutions, including the non-binding advisory votes proposed thereat, were approved by the requisite majority of votes.
29-May-2019
(Official Notice)
30-Apr-2019
(Official Notice)
Shareholders are advised that the Company's Integrated Annual Report in respect of the year ended 31 December 2018, which incorporates the annual financial statements and contains the notice of Annual General Meeting ("AGM") has been distributed to shareholders on 30 April 2019, and is available on the Company's website (transcendproperty.co.za/annual- reports/). The provisional summarised audited financial statements for the year ended 31 December 2018 (including the nature of the Company's external auditor's report) released on the Stock Exchange News Service on 8 March 2019, is unchanged and therefore the Company will not be publishing an abridged report.



Notice of the Annual General Meeting

Notice was given that the AGM of shareholders will be held at 54 Peter Place, Peter Place Office Park, Block C, Cardiff House, Bryanston on Thursday, 30 May 2019 at 14:00 to transact the business as set out in the notice of AGM.
08-Mar-2019
(C)
Revenue for the year came in higher at R161.8 million (2017: R138.7 million) and operating profit increased to R84 million (2017: R82 million). Profit and total comprehensive income for the period rose to R188.4 million (2017: R63.1 million). Furthermore, headline earnings per share was recorded at 51.51cps (2017: 58.42cps).



Payment of final dividend

The Board has approved and notice is hereby given of a final dividend of 34.58 cents per share for the six months ended 31 December 2018. This brings the full year distribution to 64.68 cents per share (2017: 64.04 cents per share) for the year ended 31 December 2018.



Company outlook

The economic climate of 2018 saw higher taxes and increased fuel costs which placed added pressure on tenant affordability and consumer costs. This had a resultant impact on market performance, and more specifically on the residential property sector. In light of the upcoming elections and the current Eskom constraints, South Africa appears as though it will experience moderate growth in 2019. Management supports this view and therefore expects Transcend's performance to be slightly better than its performance over the past 12 months provided there are no material changes to the existing portfolio. This, coupled with rental escalations, the effects of gearing and pro-active cost management, should result in an increase in distribution for the 2019 year. This forecast assumes that current market and trading conditions prevail for the portfolio. This forecast has not been reviewed or reported on by the independent external auditors. Transcend's use of distribution per share as a relevant measure of financial performance remains unchanged from the Listing Prospectus issued on its listing in 2016.





14-Dec-2018
(Official Notice)
05-Dec-2018
(Official Notice)
Transcend shareholders ("shareholders") are referred to the announcement released on the Stock Exchange News Service of the JSE Limited ("JSE") on 22 November 2018, regarding the submission to shareholders of a circular and notice of written resolutions to be voted on by shareholders ("Notice").



Shareholders are advised that Special Resolution 1 and Ordinary Resolution 1 were approved and adopted by the company in terms of section 60(2) of the Companies Act, 71 of 2008 ("Companies Act").



The company will, by no later than Friday, 14 December 2018, distribute a statement of these results to shareholders recorded in the company?s register as at Friday, 9 November 2018, being the record date, in accordance with section 60(4) of the Companies Act.
22-Nov-2018
(Official Notice)
19-Nov-2018
(Official Notice)
08-Oct-2018
(Official Notice)
05-Oct-2018
(Official Notice)
17-Sep-2018
(Official Notice)
Shareholders are referred to the cautionary announcement released on SENS dated 7 September 2018, wherein they were advised that the board of directors of the Company are negotiating a further unrelated potential acquisition of a portfolio of properties (the ?Transaction?).



Shareholders are further advised that the Company remains engaged in negotiations concerning the Transaction which, if concluded, may have a material effect on the price of the Company?s shares.



Shareholders are advised to continue to exercise caution when dealing in the Company?s securities until a further announcement is made in this regard.
17-Sep-2018
(Official Notice)
Transcend advised that it has entered into a sale agreement dated 14 September 2018 (?Sale Agreement?) and an agreement of occupancy dated 14 September 2018 (?Agreement of Occupancy?) with Instratin Properties (Pty) Ltd. (?Instratin?) in respect of the Company?s Acacia Place property, located in Duvha, eMalahleni (Witbank), Mpumalanga (?Acacia Place?), in terms of which Transcend will dispose of all 325 units comprising Acacia Place to Instratin, together with the rental enterprise conducted by Transcend in respect of each unit in Acacia Place (?the Transaction?).



Terms of the transaction

Instratin will purchase Acacia Place, comprising 325 units, together with the rental enterprise carried on by Transcend in respect of Acacia Place, from Transcend for a cash price of R392 308 per unit, amounting to a total cash price of R127.5 million, the proceeds of which will be used to reduce interest-bearing liabilities until required for new acquisitions. The Sale Agreement contains warranties and/or guarantees which are normal for a transaction of this nature.



In terms of the Agreement of Occupancy, occupational rent of R3 350 per unit per month will be payable by Instratin to Transcend for the period commencing on 1 October 2018 and ending on the earlier of the following:

a) a period of six calendar months after the 1 October 2018, unless renewed by Transcend in accordance with the Agreement of Occupancy; or

b) the date of registration of transfer of Acacia Place into the name of Instratin; or

c) in the event that the conditions precedent set out in paragraph 7.1 and 7.2 below are not fulfilled and/or waived as may be applicable, the first day of the calendar month immediately succeeding such event.



The Agreement of Occupancy contains warranties and/or guarantees which are normal for a transaction of this nature.



Effective date

The effective date of the Transaction shall be the date on which the last condition precedent to the Transaction as provisioned under the Sale Agreement has been fulfilled or where possible, waived.
07-Sep-2018
(Official Notice)
Shareholders are advised that the company is currently negotiating the potential acquisition of a portfolio of properties (?the Transaction?).



This Transaction, if successfully concluded, may have a material effect on the share price of the company. Accordingly, shareholders are advised to exercise caution when dealing in shares of the company until a further announcement is made.
04-Sep-2018
(Official Notice)
Shareholders are advised that Questco Corporate Advisory (Pty) Ltd. has been appointed as the new designated advisor to Transcend with effect from 5 September 2018, in place of Java Capital.

24-Aug-2018
(C)
Revenue for the interim period increased to R78.1 million (2017: R76 million), operating profit lowered to R45.1 million (2017: R45.9 million), profit and total comprehensive income for the period rose to R21.8 million (2017: R18.1 million), while headline earnings per share grew to 32.89 cents per share (2017: 27.26 cents per share).



Dividend

The Board has approved an interim dividend of 30.09880 cents per share for the six months ended 30 June 2018 (2017: 29.80875 cents per share).



Company outlook

The Board has revised its forecast distribution to flat growth for the 2018 financial year, amended from the 6-8% growth forecast as communicated in the SENS announcement published on 8 March 2018. Contrary to management?s initial view that South Africa would be entering a period of moderately positive growth, the current climate which sees higher taxes and increased fuel costs has placed added pressure on tenant affordability, rental escalations and property vacancies, and consequently, on market performance.



The revised forecast distribution is primarily due to the poor performance of Acacia Place, which can be directly attributable to higher vacancies on bulk lease renewals and lower rentals. This property has had an exposure of 39% to bulk leases during the reporting period. The remaining portfolio has no exposure to bulk leases and is defensive in nature, through holding individual leases with tenants.



The Parklands properties have experienced an increase in property operating expenses due to the under-recovery of certain utilities and water tariff increases due to the water shortages in the Western Cape. Management has implemented measures to recover these utilities in future from tenants which should see an improvement in property operating expenses for the second half of the 2018 financial year.



This coupled with a difficult South African economic trading environment experienced in the first half of the year and its impact on the affordable housing target market segment has led to a revision of the company?s forecast distribution growth based on the assumption that current market and trading conditions prevail and continue to impact on the residential segment.
12-Jun-2018
(Official Notice)
Shareholders are advised that Transcend has concluded a legal agreement ("Sale Agreement") to acquire a stabilised and fully-let rental enterprise comprising 60 sectional title units, being Sections No. 148 ? 207 (inclusive) ST273/2015 (148) to (207) in the scheme known as Vanguard Residential Village 3, located at 29 Jade Street, off Klipfontein Road, Heideveld, Cape Town ("Vanguard" or the "Property") from SAWHF SA Rental 4 Trust ("Seller") for an aggregate purchase consideration of R33 300 000 ("Purchase Price") ("the Transaction"). The acquisition of the Property will increase Transcend?s exposure to the rental market in the Western Cape.



Update on previously announced acquisition

Shareholders are referred to the announcement released on SENS on 3 April 2018 with regard to the conclusion of an agreement to acquire a rental enterprise comprising 76 sectional title units in a scheme known as Silverleaf, located at Erf 2151 Silverton Township, City of Tshwane (the "Silverleaf Property"). Although it was anticipated that the Silverleaf Property would transfer on or around 30 April 2018, due to a delay in the finalisation of a town-planning amendment, the transfer has not yet been effected. The company will release a further announcement once transfer of the Silverleaf Property has been concluded.
30-May-2018
(Official Notice)
Shareholders are advised that at the annual general meeting of shareholders held on Tuesday, 29 May 2018 (in terms of the notice of annual general meeting dispatched on 26 April 2018), all of the resolutions tabled thereat were passed by the requisite majority of Transcend shareholders.
16-May-2018
(Official Notice)
Shareholders are referred to the form of proxy forming part of the notice of annual general meeting (?AGM?) which was posted to shareholders on Thursday, 26 April 2018, and are advised that the time of AGM appearing on the form of proxy should be 15:00 on Tuesday, 29 May 2018 South African time and not 10:00 as incorrectly indicated.



Shareholders are reminded that forms of proxies should be lodged at, or posted to the company?s transfer secretaries, Link Market Services South Africa (Pty) Ltd., 13th Floor, 19 Ameshoff Street, Braamfontein 2001 (PO Box 4844, Johannesburg, 2000) or e-mailed to meetfax@linkmarketservices.co.za by Friday, 25 May 2018 to facilitate administration. Alternatively, the form of proxy may be handed to the chairman of the AGM or the transfer secretaries at any time prior to the commencement of the AGM or prior to voting on any resolution proposed at the AGM.
26-Apr-2018
(Official Notice)
03-Apr-2018
(Official Notice)
Shareholders are advised that Transcend has concluded a legal agreement (?Sale Agreement?) to acquire a rental enterprise comprising 76 sectional title units in the scheme known as Silverleaf located at Erf 2151 Silverton Township, City of Tshwane (?Silverleaf? or the ?Property?) from Defacto Investments 264 (Pty) Ltd. (?Seller?) for an aggregate purchase consideration of R44 500 000 (?Purchase Price?) (the ?Transaction?).



Rationale for the transaction

The acquisition of Silverleaf represents an opportunity to grow Transcend?s existing portfolio with a well located, affordable and secure rental property. This will be the first acquisition for the company since listing on the Alternative Exchange of the JSE (?AltX?) on 1 December 2016.



The Transaction is consistent with Transcend?s stated growth and investment strategy of acquiring yield- accretive residential properties, with a focus on housing opportunities which are affordable and lifestyle- enhancing, and located in well-situated, high growth urban areas.



Salient terms of the sale agreement

The Transaction is subject to the following outstanding conditions precedent:

*the Seller obtaining all necessary consents and approvals as may be required, including but not limited to the approval of the board of directors of the Seller;

*the Seller delivering proof of its registration for VAT;

*Transcend obtaining all necessary consents and approvals as may be required, including but not limited to the approval of the board of directors of Transcend;

*the conclusion of a satisfactory technical, financial and legal due diligence by Transcend with regard to the Property; and

*the execution of binding funding agreements by Transcend.



The effective date of the Transaction will be the date on which the Property is transferred from the Seller to Transcend, from which date the ownership of the Property (and all risk and benefits in respect of the Property) will pass to Transcend. It is estimated that the effective date will be 30 April 2018 (the ?transfer date?).



The Purchase Price is payable by Transcend to the Seller on the transfer date.



The Seller has provided warranties and indemnities to Transcend that are standard for a transaction of this nature.



Categorisation

The Transaction is a category 2 transaction for Transcend in terms of the JSE Listings Requirements and accordingly does not require approval by Transcend shareholders.

09-Mar-2018
(C)
Revenue for the year came in higher at R157.2 million (2016: R36.3 million) and operating profit increased to R93.2 million (2016: R20.4 million). Profit and total comprehensive income for the period rose to R68 million (2016: R16.5 million). Furthermore, headline earnings per share was recorded at 58.42cps (2016: 16.07cps).



Payment of final dividend

The board has approved and notice is hereby given of a dividend of 34.23125 cents per share for the six months ended 31 December 2017. This brings the full year distribution to 64.04000 cents per share (2016: 5.60803 cents per share) for the year ended 31 December 2017.



Company prospects

After the significant political events of the past 3 months, South Africa is entering what many believe to be a moderately positive era of growth. Management supports this view and therefore expects the current portfolio to perform in line with, if not better than, the past 12 months. This, coupled with natural rental escalations, the effects of gearing and pro-active cost management, should result in increased distributions for the 2018 year which are slightly higher than expected inflation. Management is therefore forecasting distribution growth of between 6-8% from 2017 to 2018.



This forecast is based on the assumption that current market and trading conditions prevail for the current stabilised portfolio. This forecast has not been reviewed or reported on by the independent external auditors. Transcend's use of distribution per share as a relevant measure of financial performance remains unchanged from the Listing Prospectus.

08-Mar-2018
(Official Notice)
Shareholders are advised that Mr Myles Kritzinger has been appointed as an executive director and the chief financial officer of the Company with effect from 9 March 2018. Myles has also been appointed as a member of the Company?s social and ethics committee.



30-Jan-2018
(Official Notice)
Shareholders are advised that, as of yesterday, Mr Dave Lange has resigned from the board and will step down as chief financial officer and executive director of the Company with effect from 8 March 2018. The board would like to thank Dave for his valuable contribution to the Company and for the critical role he played in the listing of Transcend in 2016. The board wishes Dave well with his future endeavours and would like to reassure shareholders that sufficient staff, systems and processes are in place to provide continuity within the finance function of Transcend. The Company has identified a suitable candidate and will announce the identity of the new chief financial officer in due course once the appointment has been confirmed by the board.

07-Sep-2017
(C)
The following are the company's maiden interim results since listing. Revenue was R76 million and operating profit was R46 million. Profit and total comprehensive income for the period was recorded at R18 million. Headline earnings per share came to 27.26 cents per share.



Payment of dividend

The board has approved and notice is hereby given of an interim dividend of 29.80875 cents per share for the six months ended 30 June 2017.



Company outlook

The Board is confident that Transcend will deliver on its forecast distribution of 62.8 cents per share for the year ended 31 December 2017 as set out in the Listing Prospectus. The forecast statement of comprehensive income, the assumptions on which the forecast has been based, and the independent reporting accountant?s report thereon are set out in the Listing Prospectus.

21-Aug-2017
(Official Notice)
It is the intention of both Balwin and Transcend to bring to market up to 8 900 quality affordable rental apartments across five developments in key Gauteng nodes over the next six years.



Balwin will be responsible for the design and construction of each development and sectional title apartment. Balwin will also market and secure lease agreements for the apartments with prospective tenants. Transcend will then have the opportunity to purchase fully tenanted apartments in phases from Balwin. Transcend?s intention is to participate in all five developments although they will be treated and reviewed independently.



Subject to the requisite approvals, ?Green Park?, comprising of approximately 1 200 apartments, is the first development earmarked for this alliance. Located in Boksburg, the first apartments are expected to be delivered to Transcend in early 2018. The development, amongst other lifestyle facilities, will make use of solar energy solutions and provide high speed fibre connectivity.



Transcend is a Real Estate Investment Trust (REIT) created by the private equity group, International Housing Solutions (IHS) and listed on the JSE in 2016. Transcend focuses on specialised residential property assets and currently holds a portfolio of 13 properties, comprising 2 472 units, located primarily in Gauteng, as well as the Western Cape and Mpumalanga. As with Trancend?s existing portfolio, IHS will continue to provide the asset management services to Transcend on the acquired apartments through IHS Property Management (Pty) Ltd.



A memorandum of understanding has been signed, as at 18 August 2017, detailing this strategic alliance. Furthermore, the strategic alliance remains subject to the fulfilment of certain conditions including various regulatory, shareholder and other approvals to the extent required.
29-Jun-2017
(Official Notice)
Shareholders are advised that at the annual general meeting of shareholders held on Thursday, 29 June 2017 (in terms of the notice of annual general meeting dispatched to shareholders on 31 May 2017), all of the resolutions tabled thereat were passed by the requisite majority of Transcend shareholders.



Details of the results of voting at the annual general meeting are as follows:

*total number of Transcend shares that could have been voted at the annual general meeting: 66 305 662

*total number of Transcend shares that were present/represented at the annual general meeting: 65 748 843 being 99.16 % of the total number of Transcend shares that could have been voted at the annual general meeting.

31-May-2017
(Official Notice)
Shareholders are advised that Transcend?s integrated report, incorporating the audited financial statements for the period ended 31 December 2016, was published on 31 May 2017 and contains no changes to the provisional summarised audited financial statements for the period ended 31 December 2016 which were announced on SENS on 30 March 2017. The report is also available on the company?s website, www.transcendproperty.co.za.



The integrated report contains a notice of annual general meeting, which will be held at 54 Peter Place, Peter Place Office Park, Block G, Glasgow House, Ground Floor, Bryanston, Johannesburg, at 10:00 Thursday, 29 June 2017.



The last day to trade in order to be eligible to participate in and vote at the annual general meeting is Tuesday, 20 June 2017 and the record date for voting purposes is Friday, 23 June 2017.
30-Mar-2017
(Official Notice)
30-Mar-2017
(C)
The following results are the company's maiden final results since listing. Revenue for the year came in at R36.3 million and operating profit was R20.4 million. Profit and total comprehensive income for the period of R16.5 million was recorded. Furthermore, headline earnings per share were 16.07cps.



Payment of final dividend

The board has approved and notice is hereby given of a final dividend of 5.60803 cents per share for the period ended 31 December 2016.



Company prospects

With the significant global and local political events of 2016 behind us, it remains to be seen whether the South African economy will begin to recover from the weak levels of growth experienced in the past 12 months. Despite the challenging current economic environment, Transcend believes that the residential rental market will remain relatively resilient given its strong fundamentals. Transcend therefore expects the current portfolio to perform in line with the expectations set out in the Listing Prospectus, being a forecast dividend of 62.8 cents per share for 2017.



The forecast statement of comprehensive income and the independent reporting accountant's report thereon are set out in the Listing Prospectus.
23-Mar-2017
(Official Notice)
Shareholders are advised that the Company anticipates that its dividend per share for the period ending 31 December 2016 will be between 5.53 cents per share and 5.63 cents per share, being 163% to 168% higher than the forecast dividend per share of 2.10 cents per share published in Transcend?s prospectus issued on 16 November 2016 (?forecast dividend?).



The variance primarily relates to surplus working capital being available for distribution. The Company is of the view that the portion of the dividend in excess of the forecast dividend is once off in nature and should therefore not be taken into account in establishing an expectation of the Company?s future dividends.



The financial results of Transcend for the period ended 31 December 2016 will be published on or about 30 March 2017.
28-Feb-2017
(Official Notice)
Shareholders are advised that, effective 21 February 2017, Solly Mboweni, an executive director of the Company has been appointed as a member and chairperson of the Social and Ethics Committee (?the Committee?), replacing Cathal Padraig Conaty as the chairperson of the Committee. Cathal will remain a member of the Committee.
21-Jun-2018
(X)
The primary business of Transcend is focused on acquiring
income-generating residential properties, with a focus on housing
opportunities that are affordable, lifestyle enhancing and well
located in high growth urban areas. Transcend holds a portfolio of
13 properties, comprising 2 472 units, located primarily in Gauteng,
the Western Cape and Mpumalanga, South Africa.


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