Torre Industries Limited. JSE: TOR

Torre Industrial shares

Background of Torre Industries

  • Torre Industries is a black-empowered industrial holding company headquartered in South Africa, with a history of distributing branded capital equipment and other industrial products, along with trade and foreign exchange solutions. Established in 2012,the group today provides products to customers in 12 African countries.

  • Through a number of subsidiaries, operations are conducted through three distinct segments – Capital Equipment, Parts and Components and Analytical Services.

  • Torre Industries shares are listed on the Johannesburg Stock Exchange (JSE) with a market cap of around R900 million. The group recorded revenue of R2 billion in 2016, but Torre Industries share price has suffered due to challenging trade conditions.

Torre Industries Shares Growth Driver

  • Torre has a business model which involves value-added sale and rental of capital equipment, distribution of high quality aftermarket parts and delivery of support services to the group’s customer expansion programme. The company seeks to buy into targeted sectors such as engineering, agriculture, automotive, construction, mining, earthmoving, manufacturing and condition monitoring. The group provides support for its numerous subsidiaries, while centralising certain functions where high capacity and expertise levels are required.

  • The group’s performance and Torre Industries share price have been negatively impacted by the difficult economic conditions, which have particularly affected Africa’s industrial sector and prompted the group to put some divisions up for sale. The group recorded a net profit of R37 million for 2016, down from R102 million in 2015. This saw headline earnings per share dropping from R30.26 cents to R16.61 cents, and dividends being slashed from 4 cents per share to 2 cents.

  • Revenue grew substantially from R691 million to R2 billion, due to the group’s moves to buy Elephant Lifting and the Sea Point Group. The once-off costs associated with integrating these companies into the business also affected profitability for the year.

  • The Capital Equipment segment experienced mixed results, with African operations recording good aggregated performance, but South African units trading below expectation. Going forward, the segment will buy into cost containment to withstand the subdued trading conditions, but continue to invest in bolt-on acquisitions and geographic expansion. The Parts and Components segment had a difficult year, as segment, battling against headwinds in all key markets. Focus will be placed on cost containment and strengthening distribution channels, with better results forecast for the future.

  • Analytical Services enjoyed a slightly better performance, but depressed levels of mining exploration activity are expected to continue impacting on profitability.

Torre Industries Group Investor Tip

  • Torre Industries shares have been on a steady downward slide on the live online stocks chart, falling from R5 in September 2015 to R1.71 by November 2016, as the company grapples with the dire economic environment in South Africa. Torre Industries shares have dropped significantly more than the group’s competitors, and investors will be likely to buy these other industrial stocks. Earnings per share are expected to decrease further going forward, making Torre Industries shares an unattractive buy.

Torre Industries Major Shareholders

Stellar Capital Partners Ltd.

  • Sector

    Industrials

  • Industry

    Capital Goods
  • Sub industry

    Capital Goods

How to buy Torre Industries Group Shares

  • Torre Industries : How to buy Torre Industries Group Shares Online

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

  • Here are the steps you must follow to Buy / Torre Industries 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 Torre Industries.
    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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