Capprec (CTA) is a fintech company offering payments and payment infrastructure as well as software and services. Patrice Motsepe's African Rainbow Capital (ARC) owns a stake in the company. The payments side of the business is handled through African Resonance and Dashpay, while the software side involves systems development and consulting. The company owns 17.5% of Resonance Australia, a startup business. All the major banks in South Africa are among its clients.
In its results for the year to 31st March 2024, the company reported revenue up 19% and headline earnings per share (HEPS) up 83%. The company said, "Strong progress arising from new and diversified revenue streams - R123 million investment in future revenue opportunities - Successful integration of the Dariel acquisition - R320 million cash generated from operations, up 75% - Continued growth in the terminal estate, up 9% to 357,000 - Multiple terminal tenders awarded post year-end."
The share now trades at a P:E of 8.67. Roughly R1.3 million worth of shares change hands each day, making this share quite feasible for private investors. The company appears to be well-managed, profitable, and cash-flush, which means that it is beginning to attract institutional interest.
Technically, the share has been in a downward trend since January 2022, and we advise waiting for a break up through its downward trendline, which does not look like it will happen anytime soon.
Overall, Capprec presents a promising investment opportunity with strong financial performance and growth prospects. However, potential investors should monitor the technical trends and wait for a clear upward signal before considering entry.
In its results for the year to 31st March 2024, the company reported revenue up 19% and headline earnings per share (HEPS) up 83%. The company said, "Strong progress arising from new and diversified revenue streams - R123 million investment in future revenue opportunities - Successful integration of the Dariel acquisition - R320 million cash generated from operations, up 75% - Continued growth in the terminal estate, up 9% to 357,000 - Multiple terminal tenders awarded post year-end."
The share now trades at a P:E of 8.67. Roughly R1.3 million worth of shares change hands each day, making this share quite feasible for private investors. The company appears to be well-managed, profitable, and cash-flush, which means that it is beginning to attract institutional interest.
Technically, the share has been in a downward trend since January 2022, and we advise waiting for a break up through its downward trendline, which does not look like it will happen anytime soon.
Overall, Capprec presents a promising investment opportunity with strong financial performance and growth prospects. However, potential investors should monitor the technical trends and wait for a clear upward signal before considering entry.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.