Safari Investments (RSA) Limited. JSE: SAR

Safari Investments shares

Background of Safari

  • Sacoven PLC is a holding company formed to buy a company, business or group of businesses/assets in either natural resources or consumer goods sectors in Europe and emerging markets including Africa. The group’s history can be traced back to its formation in Jersey in 2012.

  • In line with its decision to outsource most of its operating functions, the company’s acquisition and investment strategies are guided by investment adviser Vasari Global Limited. The forecast is that Sacoven will buy 100% of a target business, with any purchase deemed a reverse takeover under the rules of the AIM of the London Stock Exchange (where Sacoven shares have a primary listing). Sacoven shares also have a secondary listing on the AltX of the Johannesburg Stock Exchange (JSE) in South Africa, where the company is listed as a special purpose acquisition company (SPAC).

  • The directors expect that the acquisition will have a value of between £200 million and £500 million, but a business with a smaller or larger value may be considered. Sacoven share price has not yet taken off on the live online JSE stocks chart.

  • The directors expect that the acquisition will have a value of between £200 million and £500 million, but a business with a smaller or larger value may be considered. Sacoven share price has not yet taken off on the live online JSE stocks chart.

Safari Shares Growth Driver

  • Safari focuses its investments on previously disadvantaged communities and underserved areas, developing quality assets that provide high-end shopping experiences. The group has a good history of attracting quality national tenants, with around 90% of GLA occupied by these tenants.

  • Diversification is an important part of Safari’s investment strategy. The group decided to buy into the hospital sector with the purchase of a private day hospital in Soweto in 2016, whilst the Platz am Meer development in Namibia (holding retail, residential and office space) is nearing completion.

  • The company’s latest financial data indicated an increase in vacancy rate in 2016, mostly due to upgrades of tenant mix and layout at flagship retail properties such as Thabong and Denlyn. Overall performance was however strong, with the portfolio growing by 23% in value for the year and operating profit increasing from R104 million to R124 million. Higher finance costs were incurred due to the group’s acquisition activities and lower fair value adjustments, resulted in a lower overall profit of R83 million (compared to R206 million in 2015).

  • The group has also earmarked significant capital expenditure for the development of the Nkomo Village shopping centre in Atteridgeville, with R314 million set aside. Phase 1 is expected to open in 2017, with phase 2 forecast to open the following year.

Safari Group Investor Tip

  • Safari Investments shares have not been a particularly popular buy for small investors, with Safari Investments share price falling down the stocks chart in recent years. The company does however look to have a solid portfolio targeted at a market with high growth potential, whilst the development pipeline looks strong. The group is starting to diversify, which should further boost investor confidence, whilst plans are in place to possibly expand further into Africa and Europe. Trading densities at existing centres are steadily exceeding the South African national average, and the company’s excellent track record of growth should bode well. Safari shares can be seen as a value-for-money small investor buy with some good potential for upside growth.

Safari Major Shareholders

Stanlib, Nedbank Group.

  • Sector

    Financials

  • Industry

    Real Estate

  • Sub industry

    Real Estate Owners & Developers

How to buy Safari Group Shares

  • Safari : How to buy Safari Group Shares Online

    We have made it simple to buy JSE listed firm shares online. The easiest way to buy Safari Group 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 Safari Group and assist you with the setup and management of your stock portfolio account.

  • Here are the steps you must follow to Buy / Purchase Safari Group 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 Safari Group.
    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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<a href="https://www.sashares.co.za/safari-shares">Credits: SA Shares™</a>
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