Mahube (MHB) is an infrastructure holding company which reversed into Gaia and is involved in large-scale energy transport, water, and sanitation projects. It is 41.35% owned by the Government Employees Pension Fund (GEPF). The company says, "Mahube Infrastructure owns five renewable energy assets – two wind farms and three solar PV (photovoltaic) farms – all of which were licensed by South Africa’s Department of Energy in the first round of bids of the renewable energy independent power producer procurement programme. The assets are all currently in operation, generating electricity, which they sell to Eskom in accordance with 20-year power purchase agreements."
In its results for the six months to 31st August 2023, the company reported revenue up 38.8% and headline earnings per share (HEPS) of 47.8c compared with 29c in the previous period. The company said, "The dividend income earned by the Company during the period under review increased from R11.0 million to R23.0 million. This higher dividend resulted from receipt of a special dividend from two of the solar photovoltaic projects in which Mahube is invested, following the refinancing of these projects."
In a trading statement for the year to 29th February 2024, the company estimated that HEPS would be between 91.05c and 100.64c compared with a loss of 53.68c in the previous period. The company said, "The reasons for the abovementioned improvement are an increase in the total revenue mainly due to: • healthy dividends received from Mahube's investee companies, including special dividends received resulting from the refinancing of certain projects; and • a favourable change in the fair value of financial assets, due to a revision of wind forecasts and more favourable macro-economic indicators."
The average value trading in the share is only R11,000, which makes it impractical for private investors.
In its results for the six months to 31st August 2023, the company reported revenue up 38.8% and headline earnings per share (HEPS) of 47.8c compared with 29c in the previous period. The company said, "The dividend income earned by the Company during the period under review increased from R11.0 million to R23.0 million. This higher dividend resulted from receipt of a special dividend from two of the solar photovoltaic projects in which Mahube is invested, following the refinancing of these projects."
In a trading statement for the year to 29th February 2024, the company estimated that HEPS would be between 91.05c and 100.64c compared with a loss of 53.68c in the previous period. The company said, "The reasons for the abovementioned improvement are an increase in the total revenue mainly due to: • healthy dividends received from Mahube's investee companies, including special dividends received resulting from the refinancing of certain projects; and • a favourable change in the fair value of financial assets, due to a revision of wind forecasts and more favourable macro-economic indicators."
The average value trading in the share is only R11,000, which makes it impractical for private investors.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.