RMI - Rand Merchant Investment Holdings
RMI is an active, listed investment holding company. Its objective is to create shareholder value over the long term, through both an attractive dividend yield and an increase in intrinsic value.
Rand Merchant Investment Holdings Ltd is a South African investment holding company with the objective of achieving superior returns for investors. The company mainly engaged in healthcare funding, wellness, and financial services industries, employee benefits,...
Rand Merchant Investment Holdings is listed on the Johannesburg Stock Exchange (JSE). Rand Merchant is traded on the JSE under the ticker symbol “RMI”. The International Securities Identification Number (ISIN) of JSE:RMI is ZAE000210688. Rand Merchant Investment Holdings is currently the 57th most valuable stock on the JSE with a market capitalization of ZAR 43.9 billion, which is about 0.234% of the Johannesburg Stock Exchange equity market.
| Last Trading Results | |
|---|---|
| Opening Price | |
| Day’s Low Price | 28.14 |
| Day’s High Price | 29.05 |
| Traded Volume | 1.13M |
| Number of Deals | 859 |
| Gross Turnover | 32.2M |
| Growth & Valuation | |
|---|---|
| Earnings Per Share | 0.95 |
| Price/Earning Ratio | 30.16 |
| Dividend Per Share | 0.55 |
| Dividend Yield | 1.92% |
| Shares Outstanding | 1.53B |
| Market Capitalization | 43.9B |
RMI Stock Market Performance
| 1WK | 4WK | 3MO |
|---|---|---|
| -7.16% | +5.41% | +0.14% |
| 6MO | 1YR | YTD |
|---|---|---|
| -44.8% | -22.3% | -36.6% |
The current share price of Rand Merchant Investment Holdings (RMI) is ZAR 28.32. RMI closed its last trading day (Wednesday, October 5, 2022) at 28.65 ZAR per share on the Johannesburg Stock Exchange (JSE), recording a 2.9% drop from its previous closing price of 29.50 ZAR. Rand Merchant began the year with a share price of 45.17 ZAR but has since lost 36.6% off that price valuation, ranking it 370th on the JSE in terms of year-to-date performance. Shareholders’ fears may be allayed by the 5% increase of RMI share price since September 7th, which is 53rd best on JSE.
Rand Merchant Investment Holdings is the 33rd most traded stock on the Johannesburg Stock Exchange over the past three months (Jul 8 - Oct 5, 2022). RMI has traded a total volume of 175 million shares—in 85,761 deals—valued at ZAR 5.01 billion over the period, with an average of 2.78 million traded shares per session. A volume high of 10.7 million was achieved on September 27th, and a low of 579,036 on August 17th, for the same period. The table below details the last 10 trading days of activity of Rand Merchant Investment on the Johannesburg Stock Exchange.
| Date | Volume | Close | Change | Change% |
|---|---|---|---|---|
| 2022-10-05 | 3,644,487 | 28.65 | -0.85 | -2.88% |
| 2022-10-04 | 3,665,377 | 29.50 | -0.13 | -0.44% |
| 2022-10-03 | 4,621,423 | 29.63 | +0.35 | +1.20% |
| 2022-09-30 | 4,599,269 | 29.28 | -0.67 | -2.24% |
| 2022-09-29 | 2,725,112 | 29.95 | -0.91 | -2.95% |
| 2022-09-28 | 5,632,212 | 30.86 | -0.19 | -0.61% |
| 2022-09-27 | 10,710,737 | 31.05 | +0.72 | +2.37% |
| 2022-09-26 | 5,096,706 | 30.33 | -0.32 | -1.04% |
| 2022-09-23 | 5,741,007 | 30.65 | +0.90 | +3.03% |
| 2022-09-22 | 6,179,327 | 29.75 |
Profile of Rand Merchant Investment (RMI) Holdings Limited
Rand Merchant Investment (RMI) Holdings Limited operates in the Financials sector, specifically, the Financial Services industry.
Factsheet of Rand Merchant Investment (RMI) Holdings Limited
- Sector
- Financials
- Industry
- Financial Services
- Address
- 3rd Floor, 2 Merchant Place, 1 Fredman Drive, Sandton 2196, South Africa
- Telephone
- +27-11-282-8000
- Website
- www.rmih.co.za
RMI Industrial Market Competitors
Rand Merchant Investment (RMI) Holdings Limited, issuers of the RMI 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.
| Code | Name | M. Cap. | Close | YTD |
|---|---|---|---|---|
| ADW | African Dawn Capital Ltd | 16.5M | 0.26 | +225% |
| HCI | Hosken Consolidated Investments Ltd | 15.2B | 177.50 | +140% |
| DNB | Deneb Investments Ltd | 1.05B | 2.40 | +26.3% |
| UPL | Universal Partners Ltd | 1.52B | 20.95 | +16.4% |
| DCCUS2 | RMB 2YR Dollar Custodial Certificates | 258M | 1,709.20 | +7.91% |
| AFH | Alexander Forbes Grp Hldgs | 6.19B | 4.66 | +3.79% |
| RNI | Reinet Investments S.C.A | 56.9B | 290.54 | +1.58% |
| REM | Remgro Ltd | 75.3B | 132.57 | +1.08% |
| DCCUSD | RMB Dollar Custodial Certificates | 223M | 1,649.10 | +0.52% |
| LNF | London Finance & Investment Group | 219M | 7.01 | +0.14% |