Trencor Limited. JSE: TRE

Trencor shares

Background of Trencor

  • Trencor Limited is a holding company with operations focused on buying, owning, leasing, managing and trading marine cargo containers, along with related finance activities. The group’s history stems back almost 90 years to its establishment in Springbok, South Africa.

  • Today, Trencor operates through four wholly-owned subsidiaries, including TAC, Trencor Services and Trencor Containers, as well through a 48.3% stake in New York Stock Exchange-listed company Textainer.

  • The group recorded revenue of R9.2 billion in 2015 and employs 186 people. Trencor shares are available to buy on the Johannesburg Stock Exchange (JSE), with the company boasting a market cap of R5.4 billion.

Trencor Shares Growth Driver

  • Trencor drives profits through the provision, management and integration of equipment and services to facilitate trade and movement of goods by customers. The group seeks to pursue growth and improvement in existing businesses, while targeting opportunities to buy stakes in complementary businesses.

  • Through organic growth and the purchase of a stake in Textainer, Trencor has recorded a steady growth in revenue over the past five years, from R4.6 billion to more than R9 billion. Tough market conditions have however weighed heavily on profits and Trencor share price performance, with the container industry facing extremely challenging times. Financial data for the first six months of 2016 indicated a 228% drop in operating profit, from R1 billion to a loss of R1.3 billion. This included depreciation required by International Financial Reporting Standards (IFRS) and impairment of receivables from major customer the Hanjin Shipping Company. There has also been an impact from the effect of foreign exchange losses, which contributed to a headline loss per share of 324.1 cents. In line with this, shareholders received no dividends for the interim period.

  • Container trade growth has been well below expectations, and the forecast is that these conditions will persist going forward. This has been further exacerbated by falling steel and iron ore prices which have caused new container prices to fall. Lower interest rates have also contributed to significant declines.

  • Much controversy surrounds the Hanjin matter, with the board still assessing the impact of the event and cautioning investors to exercise caution when deciding to buy or sell Trencor shares.

Trencor Group Investor Tip

  • Trencor is currently trying to chart a path through some very stormy waters. On the back of legal issues and multiple other challenges, Trencor share price has fallen drastically from a high of R81.87 in 2014 to around R30 by December 2016. Investor
    confidence to buy the shares is at its lowest ever point, and the company expects the challenges to remain significant going forward. The live online stocks chart shows that there are certainly better industrial stocks to buy at present. The forecast remains uncertain for the company, making Trencor shares a no-go for the vast majority of investors.

Trencor Major Shareholders

  • Sector

    Industrial Transportation

  • Industry

  • Sub industry


How to buy Trencor Group Shares

  • Trencor : How to buy Trencor Group Shares Online

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

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