Curro Holdings. A company that once promised so much (with an obscene valuation multiple to match) now finds itself in a loss-making position. You read that correctly – net of impairments (write-downs of school property values), Curro is going to report a loss for the 12 months to December 2020. the_ad id=”3223″ Right idea, wrong time Curro’s investment thesis was …
View PostIt’s always better on the big screen, unless the person next to you is coughing or there are no new releases to get excited about. A couple of weeks ago, I found myself at Canal Walk. I made a point of walking past the movies to see what new releases were available that might be worth watching. As Baby Ghost …
View PostGet in there, Lewis! You’ll hear this at the end of almost every Formula 1 race, much to my annoyance as a fan of many other drivers. The statement is equally applicable to the furniture and appliance retailer that is a favourite among value investors. Remember value investors? Those highly educated people who take time to make investments, carving out …
View PostGet in there, Lewis! You’ll hear this at the end of almost every Formula 1 race, much to my annoyance as a fan of many other drivers. The statement is equally applicable to the furniture and appliance retailer that is a favourite among value investors. Remember value investors? Those highly educated people who take time to make investments, carving out …
View PostGet in there, Lewis! You’ll hear this at the end of almost every Formula 1 race, much to my annoyance as a fan of many other drivers. The statement is equally applicable to the furniture and appliance retailer that is a favourite among value investors. Remember value investors? Those highly educated people who take time to make investments, carving out …
View PostThis story is just too ridiculous to ignore. The year is 2021. Alcohol has been smashed into oblivion by the government, crushing the restaurant industry along with an obvious impact on the entire alcohol value chain. the_ad id=”3223″ Distell, a leading alcohol and beverages company, is essentially banned from operating by our government. South African Breweries has called off R5bn …
View PostThis story is just too ridiculous to ignore. The year is 2021. Alcohol has been smashed into oblivion by the government, crushing the restaurant industry along with an obvious impact on the entire alcohol value chain. the_ad id=”3223″ Distell, a leading alcohol and beverages company, is essentially banned from operating by our government. South African Breweries has called off R5bn …
View PostYou’ve probably seen companies release “cautionary announcements” over SENS, the Stock Exchange News Service of the JSE. This system ensures that everyone gets information at the same time. The news goes out “on the wires” and the market reacts accordingly. Today, Alaris Holdings Limited released a cautionary announcement, which is a good opportunity to unpack why such announcements exist and …
View PostCartrack is a terrific business in my opinion. I’ve written before in detail about why it’s so strong, but in summary: Combination of B2B (fleet management and asset recovery) and B2C (asset recovery) models with a diversified client base Exceptional operating margins thanks to its software-as-a-service (SaaS) model which becomes very juicy as scale is achieved Strong growth in Europe …
View PostCartrack is a terrific business in my opinion. I’ve written before in detail about why it’s so strong, but in summary: Combination of B2B (fleet management and asset recovery) and B2C (asset recovery) models with a diversified client base Exceptional operating margins thanks to its software-as-a-service (SaaS) model which becomes very juicy as scale is achieved Strong growth in Europe …
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