42 replies to this topic

[soutie]

African Bank ... check

Capitec ... you're next!

RS

I only bought on the Viceroy scandal but the above is quite amusing....

Anyway looks like it might hit R1200 by month end..

[Saints]

If JP Morgan want more they either have to buy a stake from PSG or continue buying from institutional investors and minorities which could be a slow process

[Mr.Balls]

JP Morgan taking a stake. Should cause a bit of a run up.

 

Still a mystery to me how they have done so well in light of Abil's failure. I know the reasons touted in the media but the gap is still too big to make sense to me...

I sold mine last Friday, just look how the directors been selling last month, CPI has run hard from the R 200 level since being downgraded by Moodys, they have also been increasing their average loan to R 7,000, I don't know but these signs make me bit uncomfortable holding the shares at these levels

 

04 Nov 2014 Associate Sell 70 000 29 107 20 374 984.00 Indirectly Beneficial 30 Oct 2014 Associate Sell 93 000 27 818 25 871 065.50 Indirectly Non Beneficial 29 Oct 2014 Associate Sell 35 000 27 146 9 501 219.00 Indirectly Non Beneficial 27 Oct 2014 Stassen, Riaan Sell 1 178 25 500 300 390.00 Directly Beneficial 24 Oct 2014 Stassen, Riaan Sell 61 322 25 597 15 696 782.44 Directly Beneficial 09 Oct 2014 Associate Sell 60 329 25 113 15 150 349.38 Indirectly Non Beneficial 09 Oct 2014 Associate Sell 1 325 157 22 113 293 030 377.22 Indirectly Non Beneficial 09 Oct 2014 Associate Sell 114 514 25 113 28 757 763.40 Indirectly Non Beneficial 09 Oct 2014 Associate Sell 50 000 25 113 12 556 440.00 Indirectly Beneficial

[gamma]

JP Morgan taking a stake. Should cause a bit of a run up.

 

Still a mystery to me how they have done so well in light of Abil's failure. I know the reasons touted in the media but the gap is still too big to make sense to me...

[Saints]

If I had said Capitec at R300 two weeks ago you all would have laughed uncontrollably.

 

I am still in disbelief at the rise of Capitec's share price over the past week. To top it off the volumes are huge. Are we going to see some major profit taking or is this price sustainable?

[@sirgrantfleming]

Despite founder selling some of his shares this one is still moving up to new highs and moving up significantly each day. Still cheap though and the majority of analysts calling a buy / hold on this share.

Keep willing it up! It is working!

[Saints]

Despite founder selling some of his shares this one is still moving up to new highs and moving up significantly each day. Still cheap though and the majority of analysts calling a buy / hold on this share.

 

[brendonfiddes]

Still looks cheap even after the recent rally- http://www.relativev....co.za/cpi.html

[Saints]

An impressive close at R250 yesterday. Overall a good week for Capitec silencing the critics. At a PE is 13 this share is sitting very favourably at the moment.

[gamma]

Impressive considering the environment

UNAUDITED FINANCIAL RESULTS FOR THE SIX MONTHS ENDED 31 AUGUST 2014
* Active clients: 5.8 million
* Headline earnings up 21% to R1.173 billion
* Headline earnings per share up 21% to 1 018 cents
* Interim dividend per share up 21% to 246 cents
* Return on equity: 25%
* Growth in net transaction fee income: 34%

[MrDividend]

UNAUDITED FINANCIAL RESULTS FOR THE SIX MONTHS ENDED 31 AUGUST 2014
* Active clients: 5.8 million
* Headline earnings up 21% to R1.173 billion
* Headline earnings per share up 21% to 1 018 cents
* Interim dividend per share up 21% to 246 cents
* Return on equity: 25%
* Growth in net transaction fee income: 34%

 

[JLFB]

Trading Statement out. Way to silence the critics. 8% up already and counting. In the money

[MrDividend]

Capitec has lost around 7 percent in the last week since the downgrade news. Looks like a nice entry point into the share. What do you guys think?

 

I do own some wanted to add some more on Monday when the share hit R205 - was about to sell my 2 big looses - Imperial and Truworths - and buy more Capitec. But the last few times I sold, the shares jumped (afgri, steinhoff and a couple of others), so I held off.

 

grrrrrrr

 

But Capitec is nothing like Abil and I think a great share for the future esp as the dividend is starting to improve. I personally think the upcoming results are going to be ahead of expectations and I will add some more.

[joker247]

Capitec has lost around 7 percent in the last week since the downgrade news. Looks like a nice entry point into the share. What do you guys think?

[brendonfiddes]

Share does look cheap - http://www.relativev....co.za/cpi.html

 

Maybe one for the longer term. They have lots of room to expand still and they can supplement their current offering with many more additional products.

[Saints]

Capitec hitting all time highs. Market pricing in the interim results due later this year or at a PE of 13 it is looking cheap

[brendonfiddes]

Capitec is looking very cheap - P/E and P/NAV offering very good value.

A relative valuation exercise is at - https://sites.google...sasharingshares

[Kasimir]

When the market sees one report .... the speculators jump on the wagon and short any similar share in sight.

The case against ABL looks rather flimsy ... all companies have bad staff. Is there more info they are not telling us. When did Abl get judgement if they are already responding. Has other banks got similar letters - and simply no disclosure yet ?

Shocking disclosure procedure by the regulator. Disclose price sensitive info on all at the same time, guys !!!! You are causing a fragile market. They should be the cure - not the cause

[Randall Stevens]

African Bank ... check

Capitec ... you're next!

RS

[boerboel]

Capitec has always been incredibly conservative in their forecast,henceforth Stassen' comments.

Capitec is now seen as a bank,not a microlender by a number of asset managers.