LAB - Labat Africa Ltd
Labat is a local black owned and managed Investment holding company and was founded and incorporated in 1995 by Brian van Rooyen and Victor Labat and listed on the JSE in 1999 as one of the first listed BEE companies. Labat has been a major Government contractor providing consulting and related services since 1995. Labat has since inception successfully implemented many high-profile Government assignments. Involved in the provision of quality management, business and retail services.
Labat Africa Ltd is the investment holding company, through its subsidiary, is engaged in designing and marketing of integrated circuits. The operating segments of the company are Technology, Logistics and Head Office Operations....
NOTE: Shares of Labat Africa Ltd are currently suspended from trading on the Johannesburg Stock Exchange (JSE) since close of trading on Monday, October 23, 2023. Labat Africa is traded on the JSE under the ticker symbol “LAB”. The International Securities Identification Number (ISIN) of JSE:LAB is ZAE000018354. Labat Africa Ltd is currently the 375th most valuable stock on the JSE with a market capitalization of ZAR 46.8 million, which is about 0.0002% of the Johannesburg Stock Exchange equity market.
| Last Trading Results | |
|---|---|
| Opening Price | |
| Day’s Low Price | 0.06 |
| Day’s High Price | 0.08 |
| Traded Volume | 314,269 |
| Number of Deals | 8 |
| Gross Turnover | 22,084.00 |
| Growth & Valuation | |
|---|---|
| Earnings Per Share | |
| Price/Earning Ratio | |
| Dividend Per Share | |
| Dividend Yield | |
| Shares Outstanding | 669M |
| Market Capitalization | 46.8M |
LAB Stock Market Performance
| 1WK | 4WK | 3MO |
|---|---|---|
| -22.2% | -12.5% |
| 6MO | 1YR | YTD |
|---|---|---|
| -22.2% | -36.4% | -30% |
The current share price of Labat Africa Ltd (LAB) is ZAR 0.07. LAB closed its last trading day (Monday, October 23, 2023) at 0.07 ZAR per share on the Johannesburg Stock Exchange (JSE), recording a 12.5% drop from its previous closing price of 0.08 ZAR. Labat Africa began the year with a share price of 0.10 ZAR but has since lost 30% off that price valuation. Shareholders’ worries are compounded by the fact that LAB has lost 13% of the stock’s value from September 22nd to date.
Labat Africa has traded a total volume of 16 million shares—in 266 deals—valued at ZAR 1.29 million over the past three months (Jul 25 - Oct 23, 2023), with an average of 253,669 traded shares per session. A volume high of 1.89 million was achieved on September 22nd for the same period. The table below details the last 10 trading days of activity of Labat Africa on the Johannesburg Stock Exchange.
| Date | Volume | Close | Change | Change% |
|---|---|---|---|---|
| 2023-10-23 | 314,269 | 0.07 | -0.01 | -12.50% |
| 2023-10-20 | 17,890 | 0.08 | -0.01 | -11.11% |
| 2023-10-19 | 185,850 | 0.09 | +0.02 | +28.57% |
| 2023-10-18 | 134,750 | 0.07 | ||
| 2023-10-17 | 884,301 | 0.07 | -0.02 | -22.22% |
| 2023-10-12 | 100,002 | 0.09 | +0.02 | +28.57% |
| 2023-10-11 | 235,000 | 0.07 | -0.01 | -12.50% |
| 2023-10-10 | 7,000 | 0.08 | ||
| 2023-10-09 | 273,000 | 0.08 | +0.01 | +14.29% |
| 2023-10-06 | 512,850 | 0.07 |
Profile of Labat Africa Ltd.
Labat Africa Ltd. operates in the Industrials sector, specifically, the Transportation industry.
Factsheet of Labat Africa Ltd.
- Sector
- Industrials
- Industry
- Transportation
- Address
- 23 Kroton Avenue, Weltevreden Park, Roodepoort, 1709
- Telephone
- 011 675-6844
- info@labat.co.za
- Website
- www.labat.co.za
LAB Industrial Market Competitors
Labat Africa Ltd., issuers of the LAB stock on the Johannesburg Stock Exchange, have a number of market competitors who are also engaged in the Industrials sector and/or Transportation industry. The table below presents an overview of the market standing of the top 10 by year-to-date performance.
| Code | Name | M. Cap. | Close | YTD |
|---|---|---|---|---|
| GSH | Grindrod Shipping Hldg Ltd | 5.1B | 259.00 | +29.5% |
| GND | Grindrod Ltd | 8.83B | 12.65 | +10.4% |
| TRE | Trencor Ltd | 1.26B | 7.25 | +7.09% |
| SNV | Santova Logistics Ltd | 907M | 7.00 | -3.05% |
| GNDP | Grindrod Ltd Pref | 642M | 86.69 | -6.35% |
| SPG | Super Group Ltd | 9B | 26.48 | -11% |
| CAC | Cafca Limited | 104M | 3.10 | +55.8% |
| ADR | Adcorp Holdings Limited | 445M | 4.05 | +27.8% |
| ART | Argent Industrial Ltd | 1.01B | 18.48 | +23.1% |
| CGR | Calgro M3 Hldgs Ltd | 632M | 5.37 | +22.9% |