Gearing refers to the level of debt in a business, as it has the effect of amplifying a change in pre-debt operating profit into a larger change in net profit.
Hudaco’s results for the six months ended May 2022 are excellent, showing revenue up 11.8% and headline earnings per share up by more than 25%. Compared with pre-pandemic levels, operating profit is more than 52% higher. There are supply chain issues to be dealt with, but Hudaco has taken them in its stride.
Grindrod is the happy owner of the port and terminals in Maputo, which has become a viable alternative for many South African companies that are tired of dealing with Transnet’s local infrastructure. The resultant jump in the share price took the year-to-date performance to 36.5%, so the group was already up this year but hadn’t shot the lights out. This is a perfect example of a solid company that was trading at low multiples on the JSE, making it ripe for the picking.Much like Alviva, Datatec has been trading at uninspiring multiples. The international technology group has been talking about a value unlock for some time.
The major negative news in the sector had nothing to do with a financial close, but rather the lack of closure on a deal. Rebosis is in trouble, with the blockbuster deal to sell R3.3-billion worth of office property falling through. Office vacancies improved from 18.2% at the end of December to 16.6% by the end of May. There may be some life in this sector yet!
Being the head of the home isn't easy, you are expected to provide for the home, I lost my job during the pandemic and relied on the little money I had,things were hard until I met BernardMason07 and started Bitcoin trading, I earned R800,000 in 3 weeks thanks BernardMason07