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TREMATON CAPITAL INV LTD

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Our opinion on the current state of TREMATON(TMT)Trematon (TMT) is an investment holding company with subsidiaries, joint ventures and associate companies, mostly in the Western Cape. The company also invests in listed and unlisted shares. Originally most investments were related to property, but its investments have moved outside that. The company owns Club Mykonos. In a trading statement for the six months to 28th February 2025 the company estimated that HEPS would fall by between 17% and 25%. The company said, "INAV per share for the current period to be between 335 cents and 345 cents, which is between 18% and 15% lower than the previous interim period's 408 cents." The share has only about R80 000 worth of shares changing hands each day – so it is marginal for private investors. While this share is in a downward trend, we believe that it could become a worthwhile investment if it expands its growth in the education business and improves the volume traded, now that the pandemic is behind us.
JSE:TMT
by PDSnetSA
Our opinion on the current state of TREMATON(TMT)Trematon (TMT) is an investment holding company with subsidiaries, joint ventures, and associate companies, primarily focused in the Western Cape. The company initially concentrated on property investments but has since diversified beyond this sector. One of its notable assets is Club Mykonos. In its financial results for the six months ending 29th February 2024, Trematon reported a modest 2% increase in revenue, while headline earnings per share (HEPS) dropped by 68%. The company's net asset value (NAV) inched up by 1% to 339 cents per share. The company noted, "Total group intrinsic net asset value (INAV) reduced to R912.9 million from R991.8 million as of 31st August 2023, primarily due to the capital distribution paid to shareholders, reflected in the reduction in group cash." In a trading statement for the full year ending 31st August 2024, the company estimated that HEPS would range between 0 cents and a loss of 0.2 cents, compared to a profit of 3.6 cents in the previous period. Currently, Trematon's share is thinly traded, with only about R17,000 worth of shares changing hands daily, which makes it impractical for most private investors. Although the share is in a downward trend, there is potential for a turnaround if the company can successfully expand its investments in the education sector and improve its trading volume. The lifting of pandemic-related restrictions could also create new growth opportunities for the company.
JSE:TMT
by PDSnetSA
Our opinion on the current state of TREMATON(TMT)Trematon (TMT) is an investment holding company with subsidiaries, joint ventures, and associate companies, primarily located in the Western Cape. The company engages in investing both in listed and unlisted shares. Initially, most of Trematon's investments were related to property, but its portfolio has since diversified beyond this sector. Among its holdings is Club Mykonos. In its financial results for the six months ending on 29th February 2024, Trematon reported a 2% increase in revenue. However, its headline earnings per share (HEPS) decreased by 68%. Despite this, the company's net asset value (NAV) experienced a modest increase of 1% to 339c per share. The company stated, "Total group INAV reduced to R912.9 million from R991.8 million at 31 August 2023. This is in line with the capital distribution paid to shareholders and is reflected in the decrease in group cash." The trading volume of Trematon shares is relatively low, with only about R31,000 worth of shares changing hands each day, making it less practical for private investors. Despite the current downward trend in its share price, there is a belief that Trematon could become a worthwhile investment, particularly if it can expand its growth in the education sector, now that the pandemic is substantially behind us.
JSE:TMT
by PDSnetSA
Our opinion on the current state of TREMATON(TMT)Trematon (TMT) is an investment holding company based primarily in the Western Cape, with a diverse portfolio that includes subsidiaries, joint ventures, and associate companies. The firm initially focused largely on property investments but has since broadened its scope to include various sectors, including both listed and unlisted shares. Among its notable assets is Club Mykonos, a well-known leisure destination. In its financial results for the year ending 31st August 2023, Trematon reported a 13% increase in revenue. However, the company saw a significant drop in headline earnings per share (HEPS), which fell by 59%. Additionally, the net asset value (NAV) of the company slightly decreased by 1% to 366c per share. The company highlighted that Generation Education and Aria Property Group constituted 63% of the group’s investment net asset value (INAV). Over the past 11 years, Trematon has returned approximately R240 million to its shareholders through distributions and share buy-backs, underscoring its commitment to shareholder value. Looking ahead, Trematon issued a trading statement for the six months to 29th February 2024, estimating that HEPS would decline further by between 66.1% and 68.8%. Despite these challenges, the company's daily trading volume is relatively low, with only about R41,000 worth of shares changing hands each day, making it a less practical choice for private investors due to liquidity concerns. Nevertheless, Trematon's expanding involvement in the education sector, particularly through Generation Education, presents potential growth opportunities post-pandemic. This shift towards education could prove to be a strategic move, aligning with broader societal needs and potentially creating a more robust business model in the longer term. This makes Trematon an interesting consideration for investors looking at niche markets and education sector growth in a post-pandemic environment.
JSE:TMT
by PDSnetSA
Our opinion on the current state of TMTTrematon (TMT) is an investment holding company with subsidiaries, joint ventures and associate companies, mostly in the Western Cape. The company also invests in listed and unlisted shares. Originally most investments were related to property, but its investments have moved outside that. The company owns Club Mykonos. In its results for the year to 31st August 2023 the company reported revenue up 13% and headline earnings per share (HEPS) down 59%. The company's net asset value (NAV) fell 1% to 366c per share. The company said, "Generation Education and Aria Property Group make up 63% of the group’s INAV. Trematon has returned circa R240 million to shareholders over the past 11 years by way of distributions and share buy-backs". The share has only about R3800 worth of shares changing hands each day - so it is not practical for private investors. We believe that this share could become an exciting investment if it continues to expand its growth in the education business now that the pandemic is substantially behind us.
JSE:TMT
by PDSnetSA
Our opinion on the current state of TMTTrematon (TMT) is an investment holding company with subsidiaries, joint ventures and associate companies, mostly in the Western Cape. The company also invests in listed and unlisted shares. Originally most investments were related to property, but its investments have moved outside that. The company owns Club Mykonos. In its results for the six months to 28th February 2023 the company reported revenue up 19% and headline earnings per share (HEPS) up 409,1%. The company's net asset value (NAV) fell 6,7% to 335c per share. The company said, "Total INAV over the period reduced to R951 million (2022: R1.06 billion) mainly due to the capital distribution of R90.3 million paid to shareholders in December 2022 and a decrease in the valuation of Generation Education (“GenEd”)". In a trading statement for the year to 31st August 2023 the company estimated that HEPS would be between 3,5c and 3,8c compared to 8,7c in the previous period. The share has about R1300 worth of shares changing hands each day - so it is not practical for private investors. We believe that this share could become an exciting investment if it continues to expand its growth in the education business now that the pandemic is substantially behind us.
JSE:TMT
by PDSnetSA