Despite a slew of difficulties and multiple changes, the Group has emerged with the intention of restoring earnings and returns profile back to its former glory, and a performance that signals to Umthombo Wealth that this could well be possible.
Blog Articles
The South African minimum wage is a hotly debated topic given that many are of the view that the amount does not represent a figure that any South African can be expected to survive off of as it does not provide the adequate social security a wage should.
Barloworld Limited is a global industrial company founded in 1902 with operations in 16 countries. At the Group’s helm is CEO, Dominic Sewele who is hailed for giving the group’s operations its refreshed shape, following the successful sale of low margin businesses like Iberia, as well as the motor retail and logistics businesses.
Sirius produced 1H FY23 results, which were materially better from an operational and financial perspective compared to market expectations.
Funds from operations (FFO) were strong due to accretion from the BizSpace acquisition, but also from strong rent roll growth from Germany and UK.
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.
The U.S. housing market recession has begun and is set to take centre stage in 2023. The housing market has slowed significantly from last year as mortgage interest rates continue to rise amid the Federal Reserve’s continued rate hikes.
Established in 1910, Grindrod Limited (GND) is a provider of tailor-made freight solutions to customers across the SADAC region through its two divisions: ports and terminal as well as logistics.
Attacq (ATT) presents an excellent opportunity to invest in the SA REIT sector given the sector leading discount of 60% to NAV as well as the counter’s excellent solvency and liquidity position.
In February of 2002, the Capitec share price closed at a price of R1.17. A mere twenty years later, the same company ended August of 2022 at a trading price of R2043.55. A tremendous, mostly upward, trajectory for a company which exhibited a growth path few believed was truly possible.
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.