African Stock Exchanges

MKR - Montauk Renewables Inc

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MKR share price on Johannesburg Stock ExchangeMKR share price on Johannesburg Stock Exchange

Montauk Renewables is a renewable energy company specializing in recovery and processing of biogas from landfills and other non-fossil fuel sources for beneficial use as a replacement to fossil fuels. The company develops, owns, and operates renewable natural gas ("RNG") projects in the US, using proven technologies that supply renewable fuel into the transportation and electrical power sectors. Montauk Renewables established its operating portfolio of 12 RNG and three renewable electricity projects through self-development, partnerships, and acquisitions resulting in revenue growth from $34 million in 2014 to $107.4 million in 2019.

Currently, Montauk Renewables' operating projects generate RNG from landfill sites and livestock farms, the latter being a significant opportunity to expand the RNG business as other agricultural markets are evaluated. The projects provide their landfill and livestock farm partners benefits including a means to monetize biogas from their sites, support for their regulatory compliance, and provision of environmental services. Revenues of Montauk Renewables are generated from the sale of renewable natural gas and electricity, under long-term contracts, along with the environmental attributes that are derived from these products.

Montauk Renewables, which is domiciled in the US, is not registered as an external company in South Africa. The company has appointed Computershare Investor Services Proprietary Limited as its transfer secretaries in South Africa, which have their registered address and primary place of business at Rosebank Towers, 15 Biermann Avenue, Rosebank, Johannesburg, 2196, South Africa. Montauk's transfer agent in the US is Computershare Investor Services with its registered address and primary place of business in Louisville, Kentucky.

MKR98.00 ▾ 2.00 (2%)
4 minutes ago
Live Trading Feed
Opening Price
Day’s Low Price95.00
Day’s High Price98.00
Traded Volume4,359
Number of Deals24
Gross Turnover418,128.00
Growth & Valuation
Earnings Per Share0.4477
Price/Earning Ratio223.36
Dividend Per Share
Dividend Yield
Shares Outstanding142M
Market Capitalization14.2B
Monetary values are quoted in South African Rand (ZAR) unless otherwise stated

MKR Stock Market Performance

1WK4WK3MO
+6.94%-16.7%-30.6%
6MO1YRYTD
-37.1%-37.1%-37.1%

The current share price of Montauk Renewables Inc (MKR) is ZAR 98.00. MKR closed its last trading day (Monday, July 26, 2021) at 100.00 ZAR per share on the Johannesburg Stock Exchange (JSE), recording a 4.2% drop from its previous closing price of 104.41 ZAR. Montauk Renewables closed its IPO day (January 26, 2021) with a share price of 159.00 ZAR but has since lost 37.1% off that price valuation, ranking it 415th on the JSE in terms of year-to-date performance. Shareholders’ worries are compounded by the fact that MKR has lost 17% of the stock’s value from June 28th to date.

Montauk Renewables is the 291st most traded stock on the Johannesburg Stock Exchange over the past three months (Apr 28 - Jul 26, 2021). MKR has traded a total volume of 1.55 million shares—in 5,981 deals—valued at ZAR 188 million over the period, with an average of 24,552 traded shares per session. A volume high of 176,295 was achieved on June 18th, and a low of 1,698 on June 8th, for the same period. The table below details the last 10 trading days of activity of Montauk Renewables on the Johannesburg Stock Exchange.

DateVolumeCloseChangeChange%
2021-07-269,173100.00-4.41-4.22%
2021-07-2317,879104.41+4.41+4.41%
2021-07-225,962100.00+0.01+0.01%
2021-07-2112,21999.99+3.99+4.16%
2021-07-2029,14596.00+2.49+2.66%
2021-07-1910,22293.51-3.14-3.25%
2021-07-1663,97696.65+0.64+0.67%
2021-07-1536,58796.01-5.99-5.87%
2021-07-1476,948102.00-10.13-9.03%
2021-07-1315,621112.13

Profile of Montauk Renewables Inc

Montauk Renewables Inc was founded on September 21, 2020 and operates in the Oil & Gas sector, specifically, the Alternative Energy industry.

Factsheet of Montauk Renewables Inc
Sector:
Oil & Gas
Industry:
Alternative Energy
Address:
680 Andersen Drive, Foster Plaza Suite 10, Pittsburgh, Pennsylvania, 15220, United States
Telephone:
+1-412-747-8700
Email:
info@montaukenergy.com
Website:
www.montaukenergy.com

MKR Industrial Market Competitors

Montauk Renewables Inc, issuers of the MKR stock on the Johannesburg Stock Exchange, have three market competitors who are also engaged in the Oil & Gas sector and/or Alternative Energy industry. The table below presents an overview of their market standing.

CodeNameM. Cap.CloseYTD
TGAThungela Resources Ltd5.61B41.12+87.8%
RENRenergen Limited2.21B17.87+43.5%
OAOOando Plc2.11B0.17-15%

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

Comments (2)

  1. Kenosi MosalakaeKenosi Mosalakae
    Feb 4, 2021 20:18 GMT

    I had 100 shares in Montauk when it closed on 18th on the JSE but now have only 80 shares in Montauk Renewables, how was this calculated to reduce my holding by 20%? Will appreciate an explanation

    1. Michael KwayisiMichael Kwayisi
      Feb 4, 2021 20:55 GMT

      From the SENS release on Jan 13, 2021:

      Montauk will distribute the Distribution Shares (subject to the withholding of the Withholding Shares) in the ratio of one Montauk Renewables Share for every one Share held by any such Shareholder on the Distribution Record Date. For Shareholders who are not exempt from Dividends Tax and not subject to Dividends Tax at a reduced rate and/or those Shareholders who are exempt from Dividends Tax or subject to Dividends Tax at a reduced rate but have not delivered the requisite Forms of Declarations and Undertakings to the Company in terms of section 64FA of the Income Tax Act (“Non-exempt Shareholders”), the Withholding Shares will be determined at the full rate of Dividends Tax which is 20%. Consequently, Non-exempt Shareholders will receive 0.8 Montauk Renewables Shares for every one Share held by any such Shareholder on the Distribution Record Date.

      So basically, you were deducted a dividend tax of 20%.

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