Why Bidcorp missed the GNU wave
Most of its business is done outside South Africa and while it is still seen as a quality company, the high multiple is regarded as a challenge
26 September 2024 - 08:00
With a flat share price performance over the past 12 months, Bidcorp didn’t catch the GNU upswing and thus looks like an underperformer against the bulk of the JSE.
That makes perfect sense, as very little of Bidcorp’s business is based in South Africa. This is firmly in the rand hedge bucket as one of South Africa’s very best global expansion stories...
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