CREATING VALUE FOR STAKEHOLDERS – continued
SHAREHOLDERS AND INVESTORS
To generate sound returns for our shareholders , through sustainable capital growth and sound dividend yields .
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ISSUES DURING THE YEAR
� The shares of the company traded below net asset value and this remained an area of concern .
� Share trading liquidity remained low as a result of the prevailing shareholder control structure .
VALUE CREATION AND VALUE UNLOCKING FOR SHAREHOLDERS THROUGH CAPITAL AND DIVIDENDS
COMPANY ’ S RESPONSE TO THESE ISSUES
� Senwes provided shareholders with a transparent and trusted platform for trading shares on a licensed exchange ( ZAR X ) in accordance with the Financial Markets Act .
� Senwes maintained its dividend cover ratio amidst the Covid-19 pandemic . Dividends were paid during September and December 2020 . cents / share Base year = 2011
2 000 Cumulative dividend Capital growth ( from base price ) Closing share price ( base year )
1 500 219
264 309 169
121
60 1 000 20 55 130
30 20
573
130
1 020 |
1 020 |
1 020 |
1 020 1 020 |
1 020 |
1 020 1 020 1 020 1 020 |
-500 2012 2013 2014 2015 2016 2017 2018 2019 2020
2021
38 SENWES INTEGRATED REPORT 2021 RESILIENCE