When considering investment opportunities on the JSE, Hudaco might be easily overlooked at first. It may appear to be a modest engineering company, and given South Africa’s ongoing deindustrialisation, one might be inclined to dismiss this sector. However, that would be a misjudgement.
Talya Ginsberg
ADvTECH stands as one of the foremost private education providers in Africa, and it exerts a significant influence on the African
recruitment landscape. The company’s multifaceted business model positions it favourably to capitalize on the burgeoning African education and recruitment sectors.
In late 2022, the Spar Group was trading at an un-demanding valuation having suffered a 20% decline in the share price for the year, a Price-to-Earnings (PE) ratio at a 24% discount to its 10-year average, and the Price-to-Book (PB) ratio was at a 40% discount.
If you’ve visited a South African grocery store recently, you know very well that prices have been on the rise. Similarly, South Africans with mortgages can attest to the fact that interest rates have also climbed.
As Stadio is predominantly a distance learning educator with investments already made in their digital and physical infrastructure, they can naturally take on the role as a viable alternative for UNISA -and of course traditional tertiary education.
In a not-so-distant memory, sometime in 2018, some investors would recall paying around R450 for a Tiger Brand share. This share price implied a price to book (PB) of 4x and a valuation that surpassed that of Unilever’s. By 2019 the share ended the year trading at around the low
R200s range-and the price would slowly dissipate from there.
Stadio Holdings is an accredited provider of tertiary education headquartered in South Africa. The company was previously a member of listed independent school provider, Curro Holdings before it was spun out and listed in 2017.
The lower to mid-income property developer’s return to a simpler
business model leads to a return to profitability.