The small-cap logistics company has amply rewarded its faithful over the years, even if the wider market just doesn’t get itHow can a strong-performing company over many years, with dependable and defendable niches locally and offshore, still attract the market’s scowl?
Exhibit A: technology-driven logistics services company Santova. This month, its margins swelled from 32.4% to almost 46%, while headline earnings per share gained 62% to 78c a share. Critically, cash generated from operations was up 45% to R119m...If you have already registered or subscribed, please sign in to continue.
Why are so few shares traded, but so many issued? Could it mean most shares are held by insiders (directors, “owners”) and traded among themselves? Recipe for disaster.
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