MHB - Mahube Infrastructure Limited

Sep 22, 2021 at 13:14 Twitter · Facebook

MHB share price on Johannesburg Stock Exchange

Mahube Infrastructure Limited, formerly GAIA Infrastructure Limited, is an infrastructure-focused investment company that offers investors exposure to infrastructure assets in Southern Africa. The company invests in large-scale infrastructure assets that are operationally de-risked in the energy, transport, as well as water and sanitation sectors. Additionally, Mahube presents investors with a portfolio of infrastructure assets that are operational, present low investment risk and are income generating assets.

The vision of Mahube Infrastructure is to stimulate fast, inexpensive and sustainable delivery and upkeep of infrastructure on a significant scale. Mahube Infrastructure aims to provide investment returns that are characterized by predictable and regular cash flows generated from infrastructure assets, long term investment into ownership and operation of assets, and blue-sky upside from providing disruptive solutions to infrastructure-related market inefficiencies.

Mahube Infrastructure owns five renewable energy assets: two wind farms and three solar photovoltaic farms, all of which were licensed by South Africa’s then Department of Energy, which has since been incorporated into the Department of Mineral Resources and Energy, in the first round of bids of the Renewable Energy Independent Power Producer Procurement Programme. The assets are all in operation and generating electricity that is sold to State-owned power utility Eskom in accordance with 20-year power purchase agreements.

MHB Stock Market Performance

The current share price of Mahube Infrastructure Limited (MHB) is ZAR 5.50. MHB closed its last trading day (Monday, September 20, 2021) at 5.50 ZAR per share on the Johannesburg Stock Exchange (JSE), recording a 12.7% drop from its previous closing price of 6.30 ZAR. Mahube Infrastructure began the year with a share price of 5.40 ZAR and has since gained 1.85% on that price valuation, ranking it 294th on the JSE in terms of year-to-date performance. Investors should, however, take caution of MHB’s recent poor performance, having lost 13% of its value in the past four weeks.

Mahube Infrastructure is the 325th most traded stock on the Johannesburg Stock Exchange over the past three months (Jun 24 - Sep 21, 2021). MHB has traded a total volume of 643,204 shares—in 95 deals—valued at ZAR 4.07 million over the period, with an average of 10,210 traded shares per session. A volume high of 325,546 was achieved on July 28th for the same period. The table below details the last 10 trading days of activity of Mahube Infrastructure on the Johannesburg Stock Exchange.

Profile of Mahube Infrastructure Limited

Mahube Infrastructure Limited operates in the Financials sector, specifically, the Investment Services industry.

MHB Industrial Market Competitors

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

Index of African Stock Exchanges:

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