Insimbi Refractory & Alloy Supplies Limited. JSE: ISB

Insimbi shares

Background of Insimbi

  • Insimbi Refractory & Alloy Supplies Limited is a company which provides the steel, aluminium, foundry and cement industries with resource-based commodities and refractory materials, through the integration of supply, logistics and technical support functions.

  • The company’s history can be traced back to the formation of Metallurg South Africa in 1970. Today, the rebranded company has expanded its core business into ten separate divisions operating from the head office in Gauteng and branches in Cape Town and Durban.

  • The Foundry segment (consisting of divisions which service the foundry and non-ferrous industry, automotive and heavy, aluminium and powder coating industries) accounted for R31 million of the group’s total operating profit of R44 million for the 2016 financial year. The group also has three independent manufacturing companies, including Insimbi Aluminium Alloys, Metlite Alloys and Insimbi Nano Milling.

  • Insimbi has an international presence, with agents in the DRC and Zimbabwe, whilst servicing most sub-Saharan African countries and extending its activity to South America, Eastern Europe, the Middle East and Asia. Insimbi shares are available to buy on the Johannesburg Stock Exchange (JSE), with a market cap of R223 million. Insimbi share price has managed to remain stable in the midst of very challenging market conditions.

Insimbi Shares Growth Driver

  • Insimbi relies on a risk averse and generally conservative business strategy. Trade is only executed when a firm offer from a seller is matched with an order from a buyer, meaning that speculative activity such as warehousing, commodity price risk and foreign exchange fluctuations is eliminated. Insimbi’s performance has been negatively impacted by market conditions which have hampered the steel and foundry segments, but diversification, disciplined cost reduction and working capital management have allowed the company to remain profitable. The group’s product portfolio was recently expanded with a move to buy plastics company Polydrum, while some businesses in the steel and foundry segments have been held for sale.

  • The group’s R44 million operating profit for the 2016 financial year was a slight increase from the R40 million recorded in 2015. Weak growth in the steel division has been offset by strong growth in the refractory division and a maiden contribution from Polydrum.

  • The group is looking to further shield itself from challenging conditions in the steel division through diversification. In June 2016, the group announced a proposed acquisition of scrap metal recycling company the AMR Group.

Insimbi Investor Tip

  • The live online stocks chart shows that Insimbi share price has remained admirably robust against the challenging business environment. Shareholders have enjoyed healthy dividends from this solid small-cap company. The group is well diversified, which shields it from cyclical downturns in its target markets.

  • The live online JSE stocks chart shows that Ingenuity Property share price has been flat over the past few years, but with various developments and acquisitions coming to maturity, the share price may well experience a boost soon. Ingenuity Property shares could therefore prove to be one of the more profitable property stocks for investors to buy.

Insimbi Major Shareholders

New Seasons (Pty) Ltd., PJ Schutte, F Botha, CF Botha, EP Liechti.

  • Sector

    Industrials

  • Industry

    Manufactured Goods

  • Sub industry

    Fabricated Metal & Hardware

How to buy Insimbi Shares

  • Insimbi : How to buy Insimbi Shares Online

    We have made it simple to buy JSE listed firm shares online. The easiest way to buy Insimbi shares or stocks is to; start by submitting the ‘BUY THIS SHARE’ form. Next, one of our experienced and certified stock brokers will personally get in contact with you to discuss your custom stock request. Finally, a stock advisor will confirm the amount of shares you are looking to invest in Insimbi and assist you with the setup and management of your stock portfolio account.

  • Here are the steps you must follow to Buy / Purchase Insimbi shares with utmost confidence:

    1. Start by Filling in the BUY THIS SHARE form.
    2. Insert your name, email, telephone number and monthly remuneration.
    3. Then, Indicate the amount you are looking to invest in Insimbi.
    4. Click the “ INVEST NOW” button
    5. Once we have received your info, a dedicated stock advisor will personally call you back to discuss your personal share request.
    6. Lastly, your newly appointed personal stock advisor will handle all account setups and reporting as stipulated by the financial services board of South Africa (FSB)
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