Reported Earnings • May 19
First half 2026 earnings released First half 2026 results: Revenue: R711.0m (down 4.6% from 1H 2025). Net loss: R63.0m (loss narrowed 48% from 1H 2025). Aankondiging • May 14
Nutun Limited to Report First Half, 2026 Results on May 18, 2026 Nutun Limited announced that they will report first half, 2026 results on May 18, 2026 New Risk • Apr 22
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of South African stocks, typically moving 7.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 17% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.3% average weekly change). Market cap is less than US$100m (R878.4m market cap, or US$53.0m). Recent Insider Transactions • Dec 05
Co-Founder recently bought R42m worth of stock On the 1st of December, Jonathan Jawno bought around 53m shares on-market at roughly R0.80 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. Jonathan has been a buyer over the last 12 months, purchasing a net total of R76m worth in shares. New Risk • Dec 04
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of South African stocks, typically moving 8.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 17% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.1% average weekly change). Market cap is less than US$100m (R909.8m market cap, or US$53.6m). Reported Earnings • Dec 02
Full year 2025 earnings released: R0.14 loss per share (vs R0.19 loss in FY 2024) Full year 2025 results: R0.14 loss per share (improved from R0.19 loss in FY 2024). Revenue: R1.44b (down 2.8% from FY 2024). Net loss: R113.0m (loss narrowed 23% from FY 2024). Aankondiging • Nov 27
Nutun Limited to Report Fiscal Year 2025 Results on Dec 01, 2025 Nutun Limited announced that they will report fiscal year 2025 results on Dec 01, 2025 New Risk • May 20
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 2.4% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (2.4% operating cash flow to total debt). Earnings have declined by 26% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.8% average weekly change). Market cap is less than US$100m (R1.21b market cap, or US$67.4m). New Risk • May 19
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of South African stocks, typically moving 8.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 19% per year over the past 5 years. Minor Risks High level of debt (250% net debt to equity). Share price has been volatile over the past 3 months (8.1% average weekly change). Market cap is less than US$100m (R1.37b market cap, or US$75.9m). Aankondiging • May 16
Nutun Limited to Report First Half, 2025 Results on May 20, 2025 Nutun Limited announced that they will report first half, 2025 results on May 20, 2025 Aankondiging • Jan 28
Transaction Capital Limited, Annual General Meeting, Mar 04, 2025 Transaction Capital Limited, Annual General Meeting, Mar 04, 2025. New Risk • Dec 30
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: R1.84b (US$97.5m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (3.6% operating cash flow to total debt). Earnings have declined by 21% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported March 2024 fiscal period end). Market cap is less than US$100m (R1.84b market cap, or US$97.5m). New Risk • Dec 13
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of South African stocks, typically moving 6.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (3.6% operating cash flow to total debt). Earnings have declined by 21% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported March 2024 fiscal period end). Share price has been volatile over the past 3 months (6.3% average weekly change). New Risk • Nov 17
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended March 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (3.6% operating cash flow to total debt). Earnings have declined by 21% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported March 2024 fiscal period end). Shareholders have been diluted in the past year (2.8% increase in shares outstanding). Buy Or Sell Opportunity • Oct 08
Now 21% undervalued Over the last 90 days, the stock has risen 7.9% to R3.14. The fair value is estimated to be R3.97, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 32% over the last 3 years. Meanwhile, the company became loss making. Price Target Changed • Aug 31
Price target decreased by 53% to R2.70 Down from R5.69, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of R2.74. The company posted a net loss per share of R1.22 last year. Aankondiging • Jun 05
Transaction Capital Limited Announces the Retirement of Christopher Seabrooke as an Independent Non-Executive Director, Effective 31 December 2024 Transaction Capital Limited announced the retirement of Mr. Christopher Seabrooke as an independent non-executive director, effective 31 December 2024. Before the group's listing, Mr. Seabrooke was appointed to the Board in June 2009 and as independent non-executive Chairman in March 2010. He was instrumental in implementing best practice governance structures which assisted in preparing the group to be listed. Over the years, he has played a critical role in advising the founders, management and the Board in driving the group's strategy. Aankondiging • May 16
Transaction Capital Limited to Report First Half, 2024 Results on May 21, 2024 Transaction Capital Limited announced that they will report first half, 2024 results on May 21, 2024 Board Change • May 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 5 highly experienced directors. CFO & Executive Director Sahil Samjowan was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. New Risk • Apr 24
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.3% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (21% average weekly change). Earnings have declined by 2.1% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (3.3% increase in shares outstanding). Significant insider selling over the past 3 months (R1.0b sold). Price Target Changed • Apr 19
Price target decreased by 35% to R7.08 Down from R10.83, the current price target is an average from 4 analysts. New target price is 172% above last closing price of R2.60. Stock is down 79% over the past year. The company posted a net loss per share of R1.22 last year. New Risk • Apr 17
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: R1.83b (US$96.3m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (21% average weekly change). Earnings have declined by 2.1% per year over the past 5 years. Minor Risks Significant insider selling over the past 3 months (R1.0b sold). Market cap is less than US$100m (R1.83b market cap, or US$96.3m). New Risk • Apr 11
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of South African stocks, typically moving 20% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (20% average weekly change). Earnings have declined by 2.1% per year over the past 5 years. Minor Risk Significant insider selling over the past 3 months (R1.0b sold). Buy Or Sell Opportunity • Apr 11
Now 47% undervalued after recent price drop Over the last 90 days, the stock has fallen 51% to R3.61. The fair value is estimated to be R6.81, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 56% over the last 3 years. Meanwhile, the company became loss making. Aankondiging • Feb 17
Transaction Capital Limited, Annual General Meeting, Mar 15, 2024 Transaction Capital Limited, Annual General Meeting, Mar 15, 2024, at 10:30 South Africa Standard Time. Buy Or Sell Opportunity • Feb 16
Now 26% overvalued after recent price rise Over the last 90 days, the stock has risen 37% to R9.40. The fair value is estimated to be R7.46, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 56% over the last 3 years. Meanwhile, the company became loss making. Aankondiging • Jan 31
Transaction Capital Limited, Annual General Meeting, Mar 07, 2024 Transaction Capital Limited, Annual General Meeting, Mar 07, 2024, at 09:00 South Africa Standard Time. New Risk • Dec 08
New major risk - Revenue and earnings growth Earnings have declined by 2.1% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 2.1% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (10% average weekly change). Aankondiging • Nov 30
Transaction Capital Limited Provides Earnings Guidance for the Full Year Ended 30 September 2023 Transaction Capital Limited provided earnings guidance for the full year ended 30 September 2023. For the year, the company expects total headline loss to be between SAR 792 million to SAR 713 million, 150% to 145%. HLPS to be between 104.3 cents to 93.9 cents, 148% to 143%. Basic loss to be between SAR 966 million to SAR 884 million, 159% to 154%. Basic LPS to be between 127.1 cents to 116.3 cents, 156% to 151%. Core earnings to be between SAR 212 million to SAR 272 million, 83% to 78%. Core EPS to be between 27.9 cents to 36.0 cents, 83% to 78%. New Risk • Nov 26
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended March 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (10% average weekly change). Minor Risk Latest financial reports are more than 6 months old (reported March 2023 fiscal period end). New Risk • Nov 24
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of South African stocks, typically moving 10% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (10% average weekly change). Aankondiging • Nov 12
Transaction Capital Limited Announces Resignation of Buhle Hanise as Director and Member of the Audit Committee Transaction Capital Limited announced that Ms Buhle Hanise will resign as an independent non-executive director of Transaction Capital Limited on 7 March 2024, at the conclusion of the AGM to pursue other interests. Consequently, Ms Hanise will resign as a member of the Audit Committee with effect from 7 March 2024. Aankondiging • Nov 10
Transaction Capital Limited and TransCapital Investments Limited Announce Executive Changes Transaction Capital Limited and TransCapital Investments Limited announced the following changes in the leadership, effective from 31 December 2023. Mr. David Hurwitz will step down as chief executive officer (CEO) of Transaction Capital, as a director of all boards and as a member of all committees within the group. David will be available to Transaction Capital for the 2024 calendar year (which will include his notice period) to ensure a smooth handover of his duties. Mr. Jonathan Jawno, a co-founder and executive director of Transaction Capital, will in addition to his role as chairman of SA Taxi, assume the role of CEO of Transaction Capital, with his primary focus on unlocking shareholder value. Buying Opportunity • Sep 18
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 34%. The fair value is estimated to be R5.27, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 71% over the last 3 years. Meanwhile, the company became loss making. Aankondiging • Sep 18
Transaction Capital Limited(JSE:TCP) dropped from FTSE All-World Index (USD) Transaction Capital Limited(JSE:TCP) dropped from FTSE All-World Index (USD) Aankondiging • Sep 08
Transaction Capital Limited Announces Board Changes In accordance with paragraph 3.59 of the JSE Limited Listings Requirements, shareholders are advised that Mr. Kuben Pillay who is eligible to retire by rotation at Transaction Capital's next annual general meeting ("AGM"), has advised the Board of Directors of the Company ("Board") that he will not be available for re-election, and accordingly will be retiring as an independent non-executive director on 7 March 2024, at the conclusion of the AGM. Consequently, Mr. Pillay will retire as Chairman of the Remuneration Committee, member of the Nominations Committee and member of the Social, Ethics and Sustainability Committee with effect from 7 March 2024. Mr. Pillay was appointed to the Board in August 2016. The Board announced the appointment of Ms Sharon Wapnick as Chairman of the Remuneration Committee with effect from 7 March 2024. Ms Wapnick has been an independent non-executive director since March 2020, and is also a member of the Nominations Committee and the Remuneration Committee. Furthermore, the Board announced the appointment of Ms Albertinah Kekana as a member of the Remuneration Committee with effect from 7 March 2024. Ms Kekana has been an independent non-executive director since April 2021 and is a member of the Social, Ethics and Sustainability Committee. Valuation Update With 7 Day Price Move • May 10
Investor sentiment deteriorates as stock falls 39% After last week's 39% share price decline to R7.11, the stock trades at a trailing P/E ratio of 3.2x. Average forward P/E is 9x in the Consumer Finance industry in Africa. Total loss to shareholders of 53% over the past three years. Recent Insider Transactions • Mar 26
Independent Non-Executive Director recently bought R1.2m worth of stock On the 20th of March, Diane C. Radley bought around 110k shares on-market at roughly R10.80 per share. This transaction increased Diane C.'s direct individual holding by 11x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold R44m more in shares than they bought in the last 12 months. Valuation Update With 7 Day Price Move • Mar 14
Investor sentiment deteriorates as stock falls 40% After last week's 40% share price decline to R17.67, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 9x in the Consumer Finance industry globally. Total returns to shareholders of 16% over the past three years. Price Target Changed • Feb 10
Price target decreased by 14% to R38.50 Down from R45.00, the current price target is provided by 1 analyst. New target price is 18% above last closing price of R32.75. Stock is down 29% over the past year. The company is forecast to post earnings per share of R1.53 for next year compared to R2.32 last year. Aankondiging • Jan 17
Transaction Capital Limited, Annual General Meeting, Mar 09, 2023 Transaction Capital Limited, Annual General Meeting, Mar 09, 2023, at 09:00 South Africa Standard Time. Recent Insider Transactions • Dec 26
CEO & Executive Director recently sold R51m worth of stock On the 19th of December, David Hurwitz sold around 2m shares on-market at roughly R31.96 per share. This transaction amounted to 39% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was David's only on-market trade for the last 12 months. Recent Insider Transactions Derivative • Dec 15
Board Member exercised options and sold R113k worth of stock On the 7th of December, Mark Herskovits exercised options to acquire 72k shares at no cost and sold these for an average price of -R1.56 per share. This trade did not impact their existing holding. Since September 2022, Mark has owned 1.64m shares directly. Company insiders have collectively bought R11m more than they sold, via options and on-market transactions, in the last 12 months. Upcoming Dividend • Nov 23
Upcoming dividend of R0.37 per share Eligible shareholders must have bought the stock before 30 November 2022. Payment date: 05 December 2022. Payout ratio is a comfortable 30% but the company is not cash flow positive. Trailing yield: 1.9%. Lower than top quartile of South African dividend payers (8.4%). Lower than average of industry peers (4.7%). Recent Insider Transactions • Nov 22
Insider recently bought R4.7m worth of stock On the 17th of November, Albertinah Kekana bought around 120k shares on-market at roughly R39.31 per share. This transaction increased Albertinah Kekana's direct individual holding by 15x at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Aankondiging • Sep 22
Transaction Capital Limited to Report Fiscal Year 2022 Results on Nov 15, 2022 Transaction Capital Limited announced that they will report fiscal year 2022 results on Nov 15, 2022 Aankondiging • Sep 10
Transaction Capital Limited has completed a Follow-on Equity Offering in the amount of ZAR 1.279971 billion. Transaction Capital Limited has completed a Follow-on Equity Offering in the amount of ZAR 1.279971 billion.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 36,055,520
Price\Range: ZAR 35.5
Transaction Features: Regulation S; Subsequent Direct Listing Major Estimate Revision • Aug 05
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate fell from R1.88 to R1.61. Revenue forecast unchanged from R7.62b at last update. Net income forecast to shrink 42% next year vs 6.1% growth forecast for Consumer Finance industry in South Africa . Consensus price target down from R48.50 to R45.00. Share price was steady at R38.31 over the past week. Major Estimate Revision • Jun 29
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast increased from R5.28b to R7.62b. EPS estimate fell from R1.97 to R1.88. Net income forecast to shrink 34% next year vs 11% growth forecast for Consumer Finance industry in South Africa . Consensus price target of R48.50 unchanged from last update. Share price was steady at R38.31 over the past week. Upcoming Dividend • Jun 01
Upcoming dividend of R0.33 per share Eligible shareholders must have bought the stock before 08 June 2022. Payment date: 13 June 2022. Payout ratio is a comfortable 20% but the company is not cash flow positive. Trailing yield: 1.5%. Lower than top quartile of South African dividend payers (7.9%). Lower than average of industry peers (3.4%). Aankondiging • May 10
Transaction Capital Limited to Report First Half, 2022 Results on May 18, 2022 Transaction Capital Limited announced that they will report first half, 2022 results on May 18, 2022 Upcoming Dividend • Nov 24
Upcoming dividend of R0.33 per share Eligible shareholders must have bought the stock before 01 December 2021. Payment date: 06 December 2021. Trailing yield: 1.6%. Lower than top quartile of South African dividend payers (7.6%). Lower than average of industry peers (3.3%). Executive Departure • Oct 07
Independent Non-Executive Director Phumzile Langeni has left the company On the 30th of September, Phumzile Langeni's tenure as Independent Non-Executive Director ended after 12.3 years in the role. We don't have any record of a personal shareholding under Phumzile's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 2.33 years. Price Target Changed • Aug 07
Price target increased to R34.40 Up from R31.03, the current price target is an average from 3 analysts. New target price is 8.5% below last closing price of R37.60. Stock is up 111% over the past year. Upcoming Dividend • May 26
Upcoming dividend of R0.19 per share Eligible shareholders must have bought the stock before 02 June 2021. Payment date: 07 June 2021. Trailing yield: 1.1%. Lower than top quartile of South African dividend payers (7.6%). Lower than average of industry peers (3.3%). Price Target Changed • Apr 08
Price target increased to R30.23 Up from R26.33, the current price target is an average from 4 analysts. New target price is approximately in line with last closing price of R30.19. Stock is up 97% over the past year. Recent Insider Transactions • Mar 26
CEO & Executive Director recently sold R24m worth of stock On the 25th of March, David Hurwitz sold around 830k shares on-market at roughly R29.51 per share. This was the largest sale by an insider in the last 3 months. David has been a seller over the last 12 months, reducing personal holdings by R42m. Is New 90 Day High Low • Feb 26
New 90-day high: R26.60 The company is up 12% from its price of R23.72 on 27 November 2020. The South African market is up 14% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Consumer Finance industry, which is up 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is R2.23 per share. Is New 90 Day High Low • Feb 10
New 90-day high: R26.17 The company is up 24% from its price of R21.05 on 12 November 2020. The South African market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Finance industry, which is up 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is R1.79 per share. Price Target Changed • Jan 27
Price target raised to R25.23 Up from R23.42, the current price target is provided by 1 analyst. The new target price is close to the current share price of R24.18. As of last close, the stock is up 1.0% over the past year. Aankondiging • Jan 20
Transaction Capital Limited, Annual General Meeting, Mar 05, 2021 Transaction Capital Limited, Annual General Meeting, Mar 05, 2021, at 09:00 South Africa Standard Time. Agenda: To transact the business. Recent Insider Transactions • Nov 27
CEO & Executive Director recently sold R11m worth of stock On the 25th of November, David Hurwitz sold around 450k shares on-market at roughly R23.54 per share. This was the largest sale by an insider in the last 3 months. David has been a seller over the last 12 months, reducing personal holdings by R17m. Is New 90 Day High Low • Nov 25
New 90-day high: R23.50 The company is up 32% from its price of R17.86 on 27 August 2020. The South African market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Finance industry, which is up 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is R1.41 per share. Analyst Estimate Surprise Post Earnings • Nov 25
Revenue beats expectations, earnings disappoint Revenue exceeded analyst estimates by 15%. Earnings per share (EPS) missed analyst estimates by 31%. Over the next year, revenue is forecast to grow 19%, compared to a 83% growth forecast for the Consumer Finance industry in South Africa. Aankondiging • Nov 25
Transaction Capital Limited Not to Pay Dividend for the Year Ended 30 September 2020 Transaction Capital Limited announced that in view of the impact of COVID-19, and to ensure financial capacity and flexibility, the board has opted to retain capital and not to pay a dividend for the year ended 30 September 2020. Is New 90 Day High Low • Oct 15
New 90-day high: R22.40 The company is up 13% from its price of R19.80 on 17 July 2020. The South African market is down 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Finance industry, which is up 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is R3.26 per share. Aankondiging • Oct 11
Transaction Capital Limited Announces Management Changes, with Effect from 1 November 2020 Transaction Capital Limited announced the appointment of Mr. Ian Kirk and Dr. Suresh Kana as independent non-executive directors with effect from 1 November 2020. Mr. Kirk is a finance and insurance industry specialist, who has operated at an executive, chairman and non-executive director level at listed and non-listed entities, including industry associations such as South African Insurance Association and the Association of Savings & Investment South Africa. Prior to this he has served as CEO at Santam and Capital Alliance Holdings, as well as deputy-CEO of Liberty Group. Dr. Kana is a finance industry specialist, who too has operated at an executive, chairman and non-executive director level at listed and non-listed entities. He currently chairs the Murray & Roberts Holdings Limited board, and is the lead independent non-executive director of the JSE Ltd. Further to the appointments, changes to the Board committee composition will take effect from 1 November 2020: Mr. Seabrooke will resign as a member of the Audit, Risk and Compliance committee ("ARC"); Mr. Pillay will resign as lead independent director of the Board; Ms Hanise will resign as a member of the Asset and Liability committee ("ALCO"); Mr. Kirk will be appointed as a member of the ARC, ALCO and Remuneration committee; Dr. Kana will be appointed as lead independent director of the Board, chairman of the ALCO, member of the Nominations Committee, member of the ARC and member Social and Ethics committee; and Ms. Wapnick will be appointed as a member of the Nominations committee. The Board also announced that with effect from 1 November 2020, Ms. Theresa Palos will step down as company secretary to focus on her broader strategic role across the group and the appointment of Ms. Sharon Nayger as company secretary with effect from 1 November 2020. Ms. Nayger is an admitted attorney having obtained her BA LLB degree from the University of the Witwatersrand in 1993. Ms Nayger has also been appointed as company secretary to TransCapital Investments Limited with effect from 1 November 2020. Price Target Changed • Oct 10
Price target raised to R19.82 Up from R18.13, the current price target is an average from 2 analysts. The new target price is 5.1% below the current share price of R20.89. As of last close, the stock is down 5.6% over the past year. Major Estimate Revision • Oct 10
Analysts update estimates The 2020 consensus earning per share (EPS) estimate was lowered from R1.07 to R0.45. No change was made to the revenue estimate which at the last update was R4.04b. Net income is expected to shrink by 19% next year compared to 3.1% growth forecast for the Consumer Finance industry in South Africa . The consensus price target increased from R18.13 to R19.82. Share price is down by 2.5% to R20.89 over the past week. Aankondiging • Jul 23
Public Investment Corporation Limited acquired an unknown minority stake in Transaction Capital Limited (JSE:TCP). Public Investment Corporation Limited acquired an unknown minority stake in Transaction Capital Limited (JSE:TCP) on July 22, 2020. As a result of this transaction, Public Investment Corporation Limited now holds 15.03% stake in the total issued ordinary shares of Transaction Capital Limited. Rand Merchant Bank acted as financial advisor to Transaction Capital Limited .
Public Investment Corporation Limited completed the acquisition of an unknown minority stake in Transaction Capital Limited (JSE:TCP) on July 22, 2020. Aankondiging • Jun 19
Transaction Capital Limited has completed a Follow-on Equity Offering in the amount of ZAR 559.740345 million. Transaction Capital Limited has completed a Follow-on Equity Offering in the amount of ZAR 559.740345 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 30,754,964
Price\Range: ZAR 18.2
Transaction Features: Regulation S; Subsequent Direct Listing 