The knock from Transaction Capital is nothing more than a blip in a well-structured and strategically positioned portfolio
I worked in the early 2000s with Peter Armitage, an analyst I rate highly.
I use this parable to aptly describe the market’s current irrationality on mid-cap investment holding company Sabvest Capital. The stock has an enviable long-term track record of returns. Simplistically, Sabvest is the family wealth office of businessman Christopher Seabrooke. Private investors can therefore co-invest via JSE-listed Sabvest into the connections, intuition and deal flow of a well-regarded, seasoned investor.
Much of this, I believe, is tied to its minor 5-million shareholding in Transaction Capital. That stake, as at the 2022 financial year-end, was worth R165.5m. At the time of writing, its value was R62.6m as TCP shocked the market in mid-March with an announcement about problems at its SA Taxi division.
The fastest-growing asset is Apex Partners, whose industrial portfolio is powering ahead, with its valuation rocketing 442% since 2019
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
ANTHONY CLARK: AdvTech a mature, best-of-both-worlds education playThe business has been successfully repositioned, especially in schooling, with resourcing and tertiary performing commendably
Read more »
Easy way to save potential millions from capital gains taxThere’s an easy way to avoid losing out of millions in capital gains tax.
Read more »
Capital Appreciation buys up Dairel - IT-OnlineFintech group Capital Appreciation has concluded agreements to acquire Dariel Solutions, the holding company of Dariel Software, for a total consideration of R131,2-million, to be settled by a combination of cash and allotment of ordinary shares out of treasury shares. Founded in 2001, Dariel is a South African IT software services provider involved in providing […]
Read more »
The Clicks conundrum: growing, but priceyClicks shows no sign of pausing an ambitious store expansion, despite lacklustre markets. If anything, its capital commitments are at record levels.
Read more »
The Clicks conundrum: growing, but priceyClicks shows no sign of pausing an ambitious store expansion, despite lacklustre markets. If anything, its capital commitments are at record levels.
Read more »
Sudan crisis: Air strikes and fighting in Khartoum as truce collapsesThe army says it is attacking the capital from all directions to flush out its paramilitary rivals.
Read more »