Vunani (VUN) is a black-owned financial services group with interests in asset management, investment, banking, property, and stockbroking. It also has an interest in coal mining, which has been performing well with the rise in coal prices.
In its results for the year to 29th February 2024, the company reported revenue up 2% and headline earnings per share (HEPS) of 7,4c compared with 30,1c in the previous year. From a private investor's perspective, the biggest problem with this share in the past was that it was too thinly traded to be a practical investment. In recent weeks, however, the value traded on average each day has risen to R128 000, making it more viable.
There remain many days when there are no trades at all, so it remains quite risky.
In its results for the year to 29th February 2024, the company reported revenue up 2% and headline earnings per share (HEPS) of 7,4c compared with 30,1c in the previous year. From a private investor's perspective, the biggest problem with this share in the past was that it was too thinly traded to be a practical investment. In recent weeks, however, the value traded on average each day has risen to R128 000, making it more viable.
There remain many days when there are no trades at all, so it remains quite risky.
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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.