SNV is a resilient, well-run business, which is well positioned to capitalise on broader market adoption of newer technologies. Its offerings confer cost-savings benefits to clients that occasionally exceed the cost of purchase…
Tag Archives: JSE
Alaris Holdings: A case study on intelligent international expansion.
Alaris is a Radio Frequency (RF) oriented company which designs, manufactures, and supplies defence and specialised antennas. It has historically been underfollowed and under-priced by the market and has undergone a period of acquisitional and organic growth over the past 6 years which has not been accounted for by the market…
ISA Holdings: The investment thesis and a case study on mental models and factoring for ignorance.
At the current price level, ISA Holdings provides the opportunity for a very lopsided bet on a cash generative company with an excellent managerial track record, growing dividends, and solid industry headwinds…
African Rainbow Capital Investments: A Growth bet at a Deep Value price (Part 1).
ARC Investments is a holding company trading at a very significant discount to the sum of its parts. It offers access to high-growth potential subsidiaries (Rain and TymeBank), as well as very quality companies (Afrimat and Alexander Forbes) all well below their intrinsic value (shares trade at approximately 50-70% discount to NAV)…
Cartrack: A potential 10-bagger?
Cartrack is a wonderful company (low debt, cash generative, strong growth) with a wide moat (data, switching costs), a predictable income (subscription based) and excellent management (high ROIC) who have skin in the game (80% insider ownership)…
First Note: Welcome to Vineyard Holdings
South Africa is today what America was during the gold rush of the 19th century: A veritable gold mine for enterprising individuals with a penchant for the unknown. We have a country littered with opportunity for those willing to turn over the rocks and scrummage through the dust.
