Stifled by a climate of uncertainty
BUY, HOLD, SELL: Fintech or ‘fourth revolution’ counters
For people who are determined to be trend setters there are few fintech or ‘fourth revolution’ counters trading on the JSE at the moment
By taking shares in this R1,1bn market cap software and computer services company, investors will become involved in an entity that can buck the trend after an erratic and uncertain general economy and political climate. The fintech space, in which the company operates mainly, presents many opportunities for greater penetration and expansion. The term "fintech" describes innovative and transformative technologies in the payment sector that disrupt traditional banking and financial services. There are also requirements for financial institutions to enhance regulatory compliance while reducing costs of delivery, which are huge market forces that affect the economy as a whole. Investors can be confident about Capital Appreciation’s growth prospects in the mid term. The company is also looking to grow by buying specialist companies — and recently released results suggest that its executives can integrate acquisitions quickly. The company was completely altered from its standing as a spe...