African Stock Exchanges

ATI - Afristrat Investment Holdings

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ATI share price on Johannesburg Stock ExchangeATI share price on Johannesburg Stock Exchange

Afristrat Investment Holdings Limited, formerly Ecsponent Limited, is a South Africa-based diversified financial services holding company. The company, through its subsidiaries, invests in companies that offer a range of niche financial services in South Africa and Africa, offering investment services, credit solutions, and enterprise development initiatives such as accounting, taxation, payrolls, business consultancy, digital marketing, and corporate governance services.

Afristrat's operating segments include a Credit unit, Investment Services, and Equity Holdings. The Credit segment offers a range of credit solutions that provide the company with continuous cash flow and liquidity; the Investment Services segment includes capital raising from retail and institutional investors, as well as wealth and investment advisory services; and the Equity Holdings segment includes a longer-term horizon, strategic investments.

Afristrat Investment Holdings is listed on the Johannesburg Stock Exchange (JSE). Afristrat is traded on the JSE under the ticker symbol “ATI”. The International Securities Identification Number (ISIN) of JSE:ATI is ZAE000287587. Afristrat Investment Holdings is currently the 389th most valuable stock on the JSE with a market capitalization of ZAR 64 million, which is about 0.0003% of the Johannesburg Stock Exchange equity market.

ATI0.13 ▴ 0.03 (30%)
8 minutes ago
Last Trading Results
Opening Price
Day’s Low Price0.10
Day’s High Price0.13
Traded Volume85,310
Number of Deals8
Gross Turnover9,811.00
Growth & Valuation
Earnings Per Share-0.4560
Price/Earning Ratio-0.22
Dividend Per Share108.90
Dividend Yield108,900%
Shares Outstanding640M
Market Capitalization64M
Monetary values are quoted in South African Rand (ZAR) unless otherwise stated

ATI Stock Market Performance

1WK4WK3MO
-33.3%-41.2%+900%
6MO1YRYTD
+900%+900%+900%

The current share price of Afristrat Investment Holdings (ATI) is ZAR 0.13. ATI closed its last trading day (Friday, July 1, 2022) at 0.10 ZAR per share on the Johannesburg Stock Exchange (JSE), recording a 16.7% drop from its previous closing price of 0.12 ZAR. Afristrat began the year with a share price of 0.01 ZAR and has since gained 900% on that price valuation, ranking it second on the JSE in terms of year-to-date performance. Investors should, however, take caution of ATI’s recent poor performance, having lost 41% of its value in the past four weeks.

Afristrat Investment Holdings is the 87th most traded stock on the Johannesburg Stock Exchange over the past three months (Mar 30 - Jul 1, 2022). ATI has traded a total volume of 59.1 million shares—in 1,745 deals—valued at ZAR 14.2 million over the period, with an average of 937,888 traded shares per session. A volume high of 20.1 million was achieved on April 5th for the same period. The table below details the last 10 trading days of activity of Afristrat Investment on the Johannesburg Stock Exchange.

DateVolumeCloseChangeChange%
2022-07-01172,5490.10-0.02-16.67%
2022-06-3055,3880.12
2022-06-29169,4930.12
2022-06-28379,9520.12-0.02-14.29%
2022-06-2755,0570.14-0.01-6.67%
2022-06-2413,0000.15-0.01-6.25%
2022-06-2331,0000.16
2022-06-2261,5140.16
2022-06-2157,1450.16-0.02-11.11%
2022-06-2013,4810.18

Profile of Afristrat Investment Holdings Limited

Afristrat Investment Holdings Limited was founded on July 9, 1998 and operates in the Financials sector, specifically, the Financial Services industry. Afristrat Investment Holdings contracts an estimated total number of 57 employees.

Factsheet of Afristrat Investment Holdings Limited

Sector
Financials
Industry
Financial Services
Address
Acacia House, Green Hill Village Office Park, Pretoria East, Johannesburg, 0145, South Africa
Telephone
+27-87-808-0100, +27-87-808-0200

ATI Industrial Market Competitors

Afristrat Investment Holdings Limited, issuers of the ATI stock on the Johannesburg Stock Exchange, have a number of market competitors who are also engaged in the Financials sector and/or Financial Services industry. The table below presents an overview of the market standing of the top 10 by year-to-date performance.

CodeNameM. Cap.CloseYTD
ADWAfrican Dawn Capital Ltd14.6M0.23+188%
HCIHosken Consolidated Investments Ltd13.1B152.50+106%
DNBDeneb Investments Ltd1.08B2.47+30%
UPLUniversal Partners Ltd1.49B20.43+13.5%
AFHAlexander Forbes Grp Hldgs6.4B4.73+5.35%
SYGSygnia Limited2.8B18.65+3.61%
DCCUS2RMB 2YR Dollar Custodial Certificates241M1,595.05+0.7%
RNIReinet Investments S.C.A56.1B286.09+0.02%
REMRemgro Ltd73.4B129.13-1.54%
KSTPSG Konsult Limited17.5B13.19-1.86%

Index of African Stock Exchanges:

  1. Botswana Stock Exchange
  2. BRVM Stock Exchange
  3. Ghana Stock Exchange
  4. Johannesburg Stock Exchange
  5. Lusaka Securities Exchange
  6. Malawi Stock Exchange
  7. Nairobi Securities Exchange
  8. Nigerian Stock Exchange
  9. Uganda Securities Exchange
  10. Zimbabwe Stock Exchange

Comments (93)

  1. Daphne FerreiraDaphne Ferreira
    Jun 15, 2022 20:35 GMT

    Hello fellow investors
    As all of you I also now have lost my hard earned savings.
    I would like to add my name to any means of hope to recover my pension.


    Regards
    Daphne
    0649279683

  2. PieterPieter
    Jun 3, 2022 15:48 GMT

    PEOPLE PLEASE BE ALERTED OF AFRISTRAT LTD.

    Afristrat Ltd is a company who are running people's hard earned money who they Invest as a SCAM.

    On 2016-01-20 I Invested R50 000.00 with Ecsponet Financial Services for 5year period at 100% of Initial investment payable after 5 years at a Fix rate of 11.2% per annum, payable at redemption.

    The risk profile was Moderate, Investment No: ECSB000444 and I was told that I will get R85 000.00 at the end of the period.

    Class B Preferrence Share Certificate Number 00090023 Account Number C0000003697 was issued by Computershare on 2016-03-04 with 500 JSE SHARE CODE.

    So according to all of this on 2021-01-20 I should have get R85 000.00, but on 2020-06-05, about 6 months before the time, Ecsponent Ltd start with their troubles and gave me 2 175 185 Ordinary Shares on 2020-6-08 for my Investment.

    Again on 2020-10-16 Ecsponent Ltd start another thing by changing their name to Afristrat Ltd and gave me 2175185 Afristrat shares at a price of R0.01.

    Now my R50 000.00 is worth R21 751.85, a lost of R28 824.15 plus the R35 000.00 of my original Investment!

    If you think that is all. Then Afristrat Ltd started with their troubles again.

    On 2022-04-11 Afristrat Ltd started with consolidation of shares and gave me only 18 126 dematerialised Afristrat ordinary shares at R0.22 per share, held by Computershare CSDP.

    Now my R50 000.00 is worth R3 987.72, a lost of R46 012.28 plus the R35 000.00 of my original Investment!

    THIS PROVES THAT PEOPLE MUST BE ALERTED BEFORE THEY DO DEALINGS WITH AFRISTRAT LTD.

    1. Jienie-MichelleJienie-Michelle
      Jun 20, 2022 18:25 GMT

      Pieter you got it a bit wrong... the troubles started way before them May 2019. They gave you shares to the value of R85 000.00 at 3 cent per share, so they gave you 2 175 185, these Shares dropped to 1 cent so now your R85000.00 became R21 751.85 and stayed there till they consolidated 120 1 cent shares into 1 share for R1.20 giving you a total of 18 127 shares at R1.20. Now today you trade at 18cent per share, your value now is no longer R85 000.00 you now only have R3 262.68 left, you have lost on your investment R81 737.32...

  3. Wilma Jansen Van VuurenWilma Jansen Van Vuuren
    Apr 11, 2022 13:07 GMT

    Ons het n paar miljoen verloor en ook n werknemer van ons, het sy pensioengeld verloor.

    1. WillemWillem
      Apr 28, 2022 09:02 GMT

      I also feel that they are stealing from investors. Now they do shares consolidation which lowers our number of shares and value. Has anyone received any dividends to date or payment for the fractional shares or shares in return for shares used to purchase MHK

  4. Zane ScottZane Scott
    Feb 3, 2021 18:42 GMT

    I believe what Afristrat is doing here is practically criminal.
    The fact that a new company name has been established around the handling of these mismanaged funds is testament to it.

    They invested in a clearly dodgy fintech company MyBucks (it only takes a single glance at their share price!) and took big risks with investors' hard-earned life savings.

    The risk profile was never properly explained to investors from the start, nor what they were investing in!

    Now that the damage is done, we are given lip service and window dressing and made to believe that "our capital is safe!?"

    That was then, but now the company is simply refusing to give investors ANY info or response to requests for info - they simply ignore everyone.

    They need to put forward a clear plan of action on how they intend to recover investors' funds. Investors deserve much netter treatment than this!

    1. Jienie-Michelle DreyerJienie-Michelle Dreyer
      May 9, 2021 08:07 GMT

      Zane... even the bank of Zambia called him George Manyere a delinquent not in so many words, the said he has to remove himself as a director and major share holder of any financial institution

  5. Willem DreyerWillem Dreyer
    May 29, 2021 16:46 GMT

    I am also in the same situation whereby I lost alll our money invested by Ecsponent. I also agree to see that someone come forward to assist us in this situation.
    Please help we have no money to servive.
    Regards.
    Willie.

  6. Evert Philippus PitoutEvert Philippus Pitout
    Apr 3, 2021 09:14 GMT

    We are all pensioners that were promised that our money was guaranteed but now we have nothing. We need to commence a class action against them. Contact me on Facebook if you agree.

    1. Louis KloppersLouis Kloppers
      Jun 13, 2022 15:54 GMT

      Lets move ahead

  7. Petronella StraussPetronella Strauss
    Apr 28, 2022 12:56 GMT

    Ek het ook al my pensioengeld verloor .
    Kry niemand in die hande om te verduidelik nie. Wat nou gemaak??

  8. Melissa KrugerMelissa Kruger
    Mar 17, 2021 09:37 GMT

    I spoke with Floris Slabbert yesterday, he is one of the debarred executives. Lots of stories about the expecting R300 million from USA within the next three months. Personally I think this is a pack of lies as this has been the ongoing story for the past year since Ecponent was liquidated. If all the investors can come together and let us take them to court to get our money back. The shares are worth nothing currently and my mother invested her little savings through Ecponent, now losing almost everything. These people need to go to jail for what they are doing.

    1. Frik LombaardFrik Lombaard
      Mar 29, 2021 20:39 GMT

      I was caught when they took my money in October 2019 knowing that they were in trouble.
      I do agree that we should start a class action against them. If we club in we can employ the best legal representatives in South Africa to get our money back.

      Get a copy of the Companies Act of 2008 number 71 and see why this case can be won if we stand together.
      I need affidavits from 20 persons to enable me to lay a criminal charge against the directors of Ecsponent.

      Thanks to Floris and all directors of Ecsponent I have lost my house and lifetime savings and at age 76 I do not know where to turn to for help.

  9. Ronelle BothaRonelle Botha
    Nov 15, 2021 18:41 GMT

    Hi all. Since the watsupp group is not active anymore how do you communicate now. I am lost now...where do we stand?

    1. Jienie-Michelle DreyerJienie-Michelle Dreyer
      Jan 26, 2022 07:36 GMT

      Contact me 082 498 5250, will get you in touch with groups

  10. Zane ScottZane Scott
    Jul 28, 2021 18:25 GMT

    Hi all,

    I have been told by Anthony Muller (below) and the previous CEO of Ecsponent that about R11 BILLION of revenue is coming into Afristrat / Ecsponent by year end, which could clearly be utilised to pay ALL pref share investors DOUBLE what they invested with just half that revenue (total R 2.7 billion of shareholder funds).
    George Manyere (current CEO) is said to be planning to stop this payment to investors, meaning there's probably no way of getting our funds back if he succeeds.
    The lawyer currently on the case has confirmed with the JSE that irregularities have occured in the issuing of these ordinary and hybrid shares.
    IT IS CRITICAL THAT THIS ACTION BY HIM IS LEGALLY OPPOSED BEFORE YEAR END!!
    Failing this it seems there is no chance later of success in retrieving funds.

    Can we try to compile a centralised list of ALL investors we know of involved here.
    I may be wrong, but there should be as many as 2000 or so!

    Not sure if my email is visible here, but I am available at: cordin0792@gmail.com.

    We seriosly need to beat this thing together!

    1. Helen De WaalHelen De Waal
      Jul 29, 2021 07:10 GMT

      Good morning Zane
      I read your entry on afx.kwayisi.org/jse/ati.html.


      I have been told by Anthony Muller (below) and the previous CEO of Ecsponent that about R11 BILLION of revenue is coming into Afristrat / Ecsponent by year end, which could clearly be utilised to pay ALL pref share investors DOUBLE what they invested with just half that revenue (total R 2.7 billion of shareholder funds).
      George Manyere (current CEO) is said to be planning to stop this payment to investors, meaning there's probably no way of getting our funds back if he succeeds.
      The lawyer currently on the case has confirmed with the JSE that irregularities have occured in the issuing of these ordinary and hybrid shares.
      IT IS CRITICAL THAT THIS ACTION BY HIM IS LEGALLY OPPOSED BEFORE YEAR END!!
      Failing this it seems there is no chance later of success in retrieving funds.
      Can we try to compile a centralised list of ALL investors we know of involved here.
      I may be wrong, but there should be as many as 2000 or so!
      Not sure if my email is visible here, but I am available at: cordin0792@gmail.com.
      We seriosly need to beat this thing together!

      I have lost a few million, and would like to support the legal opposition. Please keep me informed on how to.
      Kind regards
      Helen

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