Nu-World Holdings: Boosted by the needs of work-from-homers
When a company trades at almost half its net asset value (NAV), a low single historical p:e and an almost 8% dividend yield, it should warrant a look. This applies doubly so if it has been a dependable profit producer and cash-flow generator for more than three decades.
Such a company is Nu-World Holdings. It recently released its full-year results for the year ended August 2020, which illustrated a challenging year with revenue declining 13.3% to R2.6bn and headline earnings dropping 16% to 635c a share. But can the latest set of results and future prospects justify a roughly 26.5% drop in share price this year?..