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Froth back
Froth back
Published Date: 2020-12-03 | Source: INCE|Community | Author: Mark Ingham
Ingham Analytics have updated their assessment of Capitec in "Froth back?" in which they analyse the financial situation and flesh out the valuation metrics.
They are on record already in 2019 advising to stay away from banks as an investment, with the sole exception being Capitec. This has been the right call, with the banking sector falling and Capitec rising. But has Capitec perhaps run a bit too far?
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The investment holding company extended an offer it made to one minority shareholder of the poultry and food group.
The private schools group has bought a preparatory school in Port Elizabeth, using some of the proceeds of a rights issue.
The metals processing company is expanding into copper and cobalt as its PGM and chrome operations mature.
