Vunani Capital’s share price unchanged despite upping net asset value per share 9.6%
Diversified financial services operator Vunani Capital’s share price was unchanged on Wednesday morning, with the company reporting a 31.2% increase in headline earnings per share (HEPS), in the middle of recent guidance.The company’s share price has been volatile of late, jumping 130.16% earlier in April, when the company said HEPS would rise between 21% and 41%. It had, however, slumped 58% shortly before this, when its high-profile client Sagarmatha Technologies, had the plug pulled on its proposed JSE listing.At 11am, Vunani’s share price was at an unchanged R2.90, having lost 3.33% in 2018 on the back of growth of 57.89% in 2017.The company said on Wednesday that HEPS grew to 25.2c in the period to end-February, while profit grew 14% to R45.6m.Much of the surge in revenue was due to once-off factors, but the company said its performance had improved in the period. The improved economic outlook in SA would also have a positive effect on the group’s growth and shareholder value d...
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