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22 November 2022
Tradehold to become Collins Reit in the new financial year
Tradehold, whose main remaining asset is its 74.3% interest in the South-African-based Collins Property Group, will be converted to an industrial/logistics-focussed real estate investment trust (Reit) and remain listed on the JSE under the name Collins.
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30 August 2022
Tradehold’s restructuring approved
Tradehold shareholders approved a far-reaching restructuring of the business that also involves the disposal of all the company’s UK interests, at a meeting yesterday (30 August).
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23 May 2022
Tradehold back in the black and restructuring
Tradehold returned to profitability in the year to February 2022. This was despite the continuing impact of Covid-linked restrictions in its key markets of the UK and South Africa, where it also was able to weather the devastation brought on by last July’s KZN riots.
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12 November 2021
Tradehold back in the profit zone
For the first six months to August 2021, Tradehold trounced tough trading conditions in its key markets to post a net profit of £4.9m, bouncing back from a loss of £8.7m in the corresponding period a year ago. As a result, the company has declared a cash dividend of 30c per ordinary share.
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24 May 2021
Tradehold adapted well to changed environment
An agile mindset and a resourceful response to the constraints imposed by the pandemic meant Tradehold could end the 12 months to February 2021, in remarkably resilient shape, believes Friedrich Esterhuyse, its joint group CEO.
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12 November 2020
Tradehold’s SA business produces excellent results to defy Covid-19
Tradehold’s South African business, the Collins Group, delivered outstanding results in the six months to end August, achieving a net profit of £3.3m.
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10 November 2020
Unaudited condensed consolidated interim financial statements for the six months to 31 august 2020 and cash dividend declaration
Tradehold is a property holding group with assets mainly in the UK, South Africa and Namibia. In Southern Africa it owns 74.3% of the Collins Property Group and a portfolio of properties in Namibia while in the UK it holds 100% of the Moorgarth Property Group, including 90% of Boutique, a provider of serviced office accommodation.
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9 March 2020
Tradehold turns shopping mall into lifestyle centre
Tradehold, through its UK subsidiary Moorgarth Group, has obtained council approval for the development of four residential tower blocks above its Broad Street Mall shopping centre in Reading near London Heathrow.
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14 November 2019
Tradehold counters challenges in demanding markets
Tradehold weathered extremely demanding market conditions to increase headline earnings per share from 2.3 pence in 2018 to 6.9 pence for the six months to August 2019. Tangible net asset value per share is slightly lower at 117 pence (2018: 119 pence) per share.
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8 November 2018
Tradehold on track after restructuring
In the six months to end August Tradehold repositioned itself as a dedicated property business after unbundling its financial services and solar energy business interests to shareholders and listing these separately on the JSE’s AltX as Mettle Investments.
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24 May 2018
Tradehold reports strong income boost for 2018
Tradehold’s revenue for the year to February 2018 more than doubled to £101 million from £43.5 million. This followed the acquisition of South Africa’s Collins Group whose results were integrated for the full reporting period for the first time.
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9 November 2017
Collins acquisition more than doubles Tradehold’s size
Tradehold’s acquisition of the KZN-based Collins Group towards the end of its February 2017 financial year has more than doubled its balance sheet. By 31 August 2017 total assets had grown to £994 million – 161.7% higher than the £380 million at the end of the corresponding period in 2016.
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6 September 2017
Tradehold’s UK financial services arm gets £40 million debt funding facility for growth
The UK financial services group Reward Finance, 70% owned by Tradehold, has obtained a £40 million (about R680 million) debt funding facility from the UK’s Foresight Group. The money will be used to benefit further from opportunities developing in the UK market.
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23 August 2017
Tradehold restructures to list financial services interests separately
Tradehold, a property investment holding company which also has interests in the financial services sector, has started a restructuring process to strip out those interests and list them separately.
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24 May 2017
Tradehold reports rapid growth in size and profitability
Tradehold’s acquisition of the Collins Group’s almost R8bn South African property portfolio and the strong growth of its UK operations substantially increased the size and profitability of the business in the year to February 2017.
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20 February 2017
Tradehold settles acquisition of Collins Group’s R7.8 bn South African portfolio
Listed property company Tradehold (JSE:TDH) has completed its acquisition of the Collins Group, with the purchase of the Collins Group’s South African property portfolio, as well as its property development and management business.
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19 December 2016
Tradehold shopping centre in UK wins major award
Tradehold’s Market Place Shopping Centre in Bolton near Manchester has won the Gold Award of the British Council of Shopping Centres for refurbishment and extensions in the category of £5m and over. This exceptional achievement was announced at the council’s annual gala dinner in London attended by over 1 400 key representatives of the UK’s retail and property sectors.
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24 November 2016
Tradehold weathers Brexit fall-out
Tradehold’s Moorgarth Property Group in the UK has weathered the Brexit fall-out extremely well in the six months to end August 2016, according to Tradehold chairman Christo Wiese. Focused primarily on commercial and retail property, Moorgarth has increased revenue by 104.5% to £13.9m and its contribution to Tradehold’s net profit by 220% to £6.4m.
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3 June 2016
Tradehold to acquire SA property portfolio valued at R6.2bn
Tradehold is to acquire, subject to certain conditions precedent, the South African property portfolio, as well as the property development and management business of the Collins group of Kwa-Zulu-Natal for a net equity value of £82.4m (R1.8bn).
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24 May 2016
Tradehold grows strongly in all areas of its business
In the year to February 2015, Tradehold has significantly expanded its property holdings in the UK while establishing a foothold in selected African property markets beyond South Africa. At the same time it has grown its financial services division in both the UK and South Africa.
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22 February 2016
Tradehold's Mettle Solar aquires 50% stake in SPS
Mettle Solar, part of retailer Christo Wiese’s Tradehold property group, has acquired a 50% stake in Sustainable Power Solutions (SPS), a leading engineering and construction firm that specialises in the design, installation and operation of solar photovoltaic (PV) roof- and ground-mounted systems. The price paid was not disclosed.
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15 December 2015
Tradehold acquires high-growth serviced-office provider in the UK
Christo Wiese’s Tradehold has finalised, through its UK subsidiary Moorgarth Property Group, the acquisition of serviced-office provider Ventia Ltd for £11.3m (R248m). The acquisition will elevate Moorgarth’s The Boutique Workplace Company, started earlier this year, to one of the leading serviced-office providers in central London by operating 25 business centres and more than 2 500 workstations in the British capital.
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9 November 2015
Tradehold maintains expansion drive
In the six months to August, Tradehold maintained the strong expansion momentum begun last year, growing the value of its investment properties by 48,8% to £179.0m(R3.8bn).
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2 June 2015
Revitalised Tradehold reports strong growth in 2014
In the year to February 2015, Tradehold has significantly expanded its property holdings in the UK while establishing a foothold in selected African property markets beyond South Africa.
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March 2015
Tradehold growing its property base in Africa
Work has started on a R480m regional shopping centre Safland is developing for a Tradehold-led consortium in the burgeoning harbour town of Walvis Bay. To be known as Dunes Mall, the centre – only the second of its kind in Namibia – will form the first phase of a mixed-use commercial area, where the consortium is also erecting a distribution warehouse complex close to Dunes Mall.
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28 May 2014 (TBC )
Tradehold builds on 2013 success
Tradehold, which at its financial year-end in February
2014 had no South African assets, improved further
on its strong results for 2013 by growing revenue by
24,4% to £12,6m and trading profit by 72,5% to
£6,1m. Net profit after exceptional items was 12,1%
higher at £7,3m
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30 May 2013
Tradehold delivers solid results in tough market
The investment holding company Tradehold has produced solid results in the year to February 2013, to move strongly into the black after suffering a loss in the previous year.
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30 October 2012
Tradehold reports improved results at half year
Tradehold has reported considerable profit growth for the six months to end August 2012. It produced a trading profit of £2,2m (2011: £0,3m) and a net profit of £1,0m against a net loss of £3,3m in the corresponding period in 2011.
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29 May 2012
Tradehold expects substantial growth in new financial year
Tradehold expects to grow its business substantially despite the British economy slipping back into recession since its year-end in February.
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21 November 2011
Tradehold reports lower trading profit for half-year
Tradehold has reported a small trading profit of £0,3m for the six months to August 2011. However, due mainly to a £2,1m downward adjustment in the fair value of the company’s investment in UBS AG and interest payments of £1,1m, Tradehold ended the reporting period with a loss of £3,3m.
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