One small South African tech company delivered 40% return

  • 📰 mybroadband
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 67%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

While many companies listed on the JSE had a tough year, one South African tech stock produced price returns of over 40%.

While many South African companies listed on the JSE had a tough year, one South African tech stock, 4Sight Holdings, produced price returns of over 40%.It offers a range of technology products and services through its subsidiaries, which focus on digital transformation.

4Sight Holdings is a true small-cap company with a market cap of R202 million. It, therefore, does not enjoy the attention of institutional investors or large fund managers.Its share price enjoyed strong support in recent weeks, which helped it to increase from R0.25 in the beginning of August to R0.50 in September.

4Sight generated strong free cash flow for the period under review, growing by 33.0% to R93.4 million from R70.3 million as of 31 December 2022.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 11. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines