If SA Taxi does not default on its short-term bullet debt there could be multiples of value on the table Moneyweb TransactionCapital keithmclachlan
This is an attempt to build a rational view of Transaction Capital . We all know what has happened, but what could the underlying parts be worth? Read: Transaction Capital does damage control after terrible two weeks Big holders dump Transaction Capital – but who’s been selling? Transaction Capital plunges again after posting record loss Transaction Capital takes 48% profit hit after downsizing taxi business First, let us lay out some assumptions: 1.
Read: JSE showdown: Dogs vs winners YTD Given that 40% of Nutun’s revenue was from overseas markets, where it has competed head-on with these global peers and clearly won, there is a fair argument that the discount should be less. Or none. Or, given South Africa’s advantage , perhaps a premium given? We won’t be that bold and will stick to our simplistic 20% discount approach. Thus, Nutun appears worth at least around R6.4 billion or around 854cps per Transaction Capital share.
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