Time to sell Capitec* (JSE code: CPI) as results show them as ex-growth?
Return in Equity (RoE) 26%
Cost-to-income (CTI) 39%.
Impairments +80% and worrying the market
But my worry is it is priced +2x valuations of the other four big banks and it is now largely a mature bank. Sure low cost base, but I do not think it deserves that high valuation so am likely exiting after holding since 2009.