Acorns that may become oaks
PLG’s schools were formerly hotels, conference centres and wedding venues
Two small companies have recently caught my eye. The first is a former down-and-out tech micro-cap that has been resuscitated into a profitable new entity, and the second a forthcoming Alt-X listing in the local affordable schooling sector. Ansys, with a market capitalisation of R635m, has a portfolio of technology businesses in the rail, mining, defence, information security and telecommunications sectors. It has been heavily loss making as the current chairman and former CEO and majority shareholder, Teddy Deka, rationalised and restructured an old business he bought into. But after a near two-year turnaround, it is in the black and well positioned for the future. There have been three key growth areas for the company in the past year. The first is fibre-optic services in the telecommunications division. There should be a few more years’ growth as SA upgrades its telecoms backbone. The second is mine safety solutions. As mining companies become more cognisant of workers’ health an...
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