Listed Securities

Orion Real Estate Limited

Listed Securities

ZXORE

ZAR

LIVE

Company Description

The Company is a REIT with a property portfolio in the retail, industrial and office markets. The company was originally founded by Franz Gmeiner in 1991 with the purchase of a high rise office building in downtown Johannesburg.

Over the years the company evolved and grew by acquisition and the reverse listing in 2005 on the Johannesburg Stock Exchange (JSE) main board.

The migration to ZAR X stock exchange opens a new chapter in the history of Orion. From inception the company has as its core business activities the investment in commercial, industrial, retail and hospitality properties. Orion’s business model also has as a core element of its management philosophy the concept of in-sourcing. This means where at all possible the company executes all aspects of property management in-house.

The services delivered in-house are;

  • Property rental administration
  • Space management
  • Leasing
  • Finance and accounting
  • Project management
  • Security services
  • Cleaning services
  • Repair and maintenance services
  • Tenant installations. (TI)
  • Health and Safety compliance
  • Marketing
  • Refurbishments
  • Executive business coaching
  • Team coaching
  • Industrial Relations (IR)
  • Recruitment
  • Human Recourses (HR)
  • Training & development

The business model is further built on a multi category properties. Although this may seem to contradict the mainstream notion of focussing on one property sector, operating in more than one sector is a major hedging strategy in the event of one sector encountering a downward cycle. The current world wide COVID-19 crisis is proving our strategy to be the correct one.

The business model furthermore has as core element the acquisition of existing structures with a proven cash flow and then to enhance this cash flow via upgrades, redevelopment and improving of tenant mix.

As and when opportunity arises Orion will dispose of a property realising a capital gain and then to re invest the net proceeds into the next redevelopment and or acquisition.

Continually increasing the size of the portfolio is key to the long term success of Orion Real Estate. To this end the ZAR X listing fits perfectly into this strategy particularly the REIT status which has as core element to exemption from paying capital gains tax.

Bid Size Bid Price Ask Price Ask Size
Last 10 trades
Date Quantity Price(R) Value(R)
Orion Real Estate Limited Details

Sector

Real Estate

Industry

Equity Real Estate Investment Trust (REITs)

Sub-industry

Retail REITs

Issuer Code

ZXORE

ISIN Number

ZAEZ00000067

Listing Date

23 Apr 2020

Financial Year

30 June

Website

https://www.oriongroup.co.za/

Appointed Adviser

AcaciaCap Advisors Proprietary Limited

Contact Number

011 480 8570

Email Address

michelle.k@arborcapital.co.za

Orion Real Estate Limited Details

Open

Previous Close

Day LO/HI

Number of Deals

Value

Volume

52 Week Range

Market Cap R '000

Shares in Issue

EPS (R)

0.13

DPS (R)

0

1 Year Return (%)

PE Ratio

DY (%)

Year to Date Return (%)

NAVPS (R)

Price/NAV

Date Time Headline
30 Sep 2021 11:05 APPOINTMENT OF INDEPENDENT NON-EXECUITVE DIRECTOR AND CHANGE IN ROLES
28 Sep 2021 17:00 Material or price sensitive information – near term earnings.
23 Sep 2021 10:45 APPOINTMENT OF NON-EXECUTIVE DIRECTORS
17 Sep 2021 15:58 SECTION 45(5) NOTICE IN TERMS OF THE COMPANIES ACT
24 Aug 2021 08:00 FSCA suspends Exchange licence of ZAR X
11 Aug 2021 12:00 NOTIFICATION OF DEATH OF A DIRECTOR.
11 Aug 2021 08:00 Shareholders are advised of the conditional acquisition by the Company
07 Jun 2021 17:01 Orion is pleased to advise its Shareholders that all the ordinary and special resolutions proposed in the Notice of Annual General Meeting (AGM) and tabled at the Company's AGM held at 10h00, Friday, 4 June 2021, were passed by the requisite majority of votes with the exception of ordinary resolution number 5.
31 May 2021 09:06 In accordance with paragraph 7.2.1.12 of the ZAR X Listings Requirements, shareholders are hereby advised that a reasonable degree of certainty exists that the profit after tax for the six months ended on 31 March 2021 will be materially lower than for the comparative six-month period ended 31 March 2020, although the operating results are improved.
14 May 2021 09:48 Posting of the annual report, notice of Annual General Meeting ("AGM") and broad-Based Black Economic Empowerment Act ("the act") annual compliance report
04 May 2021 17:33 Shareholders are referred to the reviewed results announcement published on ZAPS on 3 February 2021 and are advised that following the completion of the audit, there has been an improvement in the results for the year ended 30 September 2020 primarily due to deferred lease adjustment and deferred tax asset reversal of R2.2 million.
16 Apr 2021 09:01 Shareholders are advised that the board of directors of the Company has approved a change in the Company's financial year-end from 30 September to 30 June.
30 Mar 2021 11:48 Extension of time to finalise the annual report, incorporating the annual finanical statements and material or price sensitive information – near term earnings.
03 Feb 2021 12:00 The consolidated financial statements for the year ended 30 September 2020 of Orion Real Estate Limited, including the statement of financial position, statement of comprehensive income, statement of changes in equity and statement of cash flows are available for viewing
26 Nov 2020 15:52 Shareholders are reminded that the Company has changed its year end to 30 September and accordingly the results for the year ended 30 September 2020 are compared to the 15 months ended 30 September 2019.
09 Oct 2020 07:54 In compliance with section 6.3.2 of the Listings Requirements of ZAR X, shareholders are advised that Mr Richard Bolleurs (“Richard”) has been appointed as Chief Financial Officer of the Company with immediate effect.
03 Aug 2020 14:07 Shareholders are advised that with effect from 1 August 2020, the Company’s company secretary, Arbor Capital Company Secretarial Proprietary Limited, changed its name to Light Consulting Proprietary Limited.
03 Aug 2020 13:58 Shareholders are advised that with effect from 1 August 2020 Arbor Capital Sponsors changed its name to AcaciaCap Advisors Proprietary Limited.
28 Jul 2020 16:03 In compliance with section 6.3.2 of the Listings Requirements of ZAR X, shareholders are advised that Mr Andreas Ritzlmayr has resigned as Financial Director ("FD") of the Company with immediate effect.
03 Jun 2020 14:42 The unaudited interim financial results of Orion Real Estate Limited, including the statement of financial position, statement of comprehensive income, statement of changes in equity and statement of cash flows, for the six months ended 31 March 2020, are available for viewing
02 Jun 2020 07:57 Shareholders are reminded that the Company has changed its year end to 30 September and accordingly the results for the six months ended 31 March 2020 are compared to the first six months of the prior comparable period being the six months ended 31 December 2018.
Date Time Title
02 Jul 2020 11:34 Investor update interview with CEO of Orion Real Estate Limited, Franz Gmeimer View
21 Apr 2020 11:55 Orion Listing Circular View
Issued Date Results
31 May 2021 20:48 Interim Results - 31 March 2021 View
19 May 2021 11:17 Integrated Annual Report -2020 View
03 Feb 2021 12:38 Condensed Annual Financial Report 2020 View
03 Jun 2020 14:44 Interim Results- 31 March 2020 View
22 Apr 2020 00:12 Integrated Annual Financial Report 2019 View
Corporate Actions
Type Per Share Record Date Payment Date