Sandown Capital is an investment holding company with a history stretching back to 2000, when it was set up as an investment holding entity for Peregrine Holdings. Renamed in 2011, the company in its current form was established when shares were unbundled from Peregrine during a restructuring. Sandown shares were put up for sale on the Main Board of the Johannesburg Stock Exchange (JSE) in December 2017.

Sandown’s portfolio today includes mainly non-operating investments transferred from the Peregrine Group (including excess cash, hedge fund investments and other proprietary investments), representing a total net asset value of over R1 billion.

South African investments (including hedge funds and a 30% interest in Nala Empowerment Investment Company) comprise 30% of the portfolio. International investments (global hedge funds, property, cash and a 6.9% stake in Stenprop Limited) comprise the remaining 70%.

The group has a JSE market cap of R709 million.

The group aims to drive performance by carefully seeking out only a small number of investment opportunities which have the potential to produce compound returns of a minimum of 15% per annum, without being deterred by potential short-term volatility. The aim is to produce long-term growth in net asset value per share.

Sandown’s portfolio comprises inherited assets which the board believes can generate this type of growth, but it is anticipated that this portfolio will be realigned in the next few years, with the intention to seek fresh opportunities across a wider investment scope – including both listed and unlisted investments. With a forecast for an unstable economic climate in South Africa, Sandown will continue to be internationally focused when looking for investments.

The group has made clear to shareholders that it prefers to be an active investor which actively engages in management activities, rather than a passive investor. The deployment of permanent capital has been identified as a clear advantage in this regard.

Sandown’s latest financial data was released before the restructuring, covering the six months ended September 2017, but the data reflects Sandown’s conservative approach. Total revenue was down from R20.9 million to R18.2 million. Profit fell from R16.5 million to R10.5 million, but the company achieved its main goal of growing NAV per share, which increased from 102.29 cents to 107.17 cents. Dividends were however reduced from 8.07 cents to 1.55 cents.

Sandown share price doesn’t yet have much of a trade history, but investors have reacted cautiously to the share. The live online stocks chart shows that Sandown share price has fallen by 21% since the listing, although investors looking to purchase the share will be buoyed by the fact that trade has been fairly liquid. Sandown competes in a highly competitive JSE sector, but is a sound buy for cautious investors looking for a share with good international exposure and solid prospects for long-term growth in net asset value.

Equity Investment Instruments

Proprietary Investments

Hedge Funds

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

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 SANDOWN CAPITAL 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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