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JSE Direct with Simon Brown

Weekly podcast hosted by Simon Brown covering the JSE and listed companies.
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Now displaying: Page 1
Apr 19, 2023

Simon Shares

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.

* I hold ungeared positions.

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