Transaction Capital

2023 - 3 - 14

Post cover — Image courtesy of "Moneyweb.co.za"

Transaction Capital CEO sold 40% of holding in December (Moneyweb.co.za)

At the time, the group said the Dovie Trust (the family trust of Hurwitz) had pledged these shares as security for portfolio debt from an institutional lender.

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Transaction Capital, owner of WeBuyCars, tanks on news of taxi ... (Daily Maverick)

Transaction Capital's share price crashed by more than 40% on Tuesday after news of an aggressive restructuring of its taxi division and questions are now ...

But Mobalyz is expected to report significantly lower core earnings from continuing operations than HY2022, “primarily as a result of the structural shifts in the minibus taxi operating environment”. “We are confident in our ability to navigate this unprecedented macroeconomic environment. At the time, “The Passive Income Guy” Dave Hazelwood tweeted, “Transaction Capital CEO sells 40% of his stake in the company. This prudent approach will contribute to preserving credit quality, as SA Taxi targets higher quality and more experienced minibus taxi operators.” WeBuyCars experienced “some margin pressure” in the first quarter of FY2023, which is likely to reflect a 20% decrease in earnings. [#TCP](https://twitter.com/hashtag/TCP?src=hashtag_click) [Transaction Capital is] one of my Top 3 stocks to AVOID for Q1 2023 for a number of very obvious reasons [in a] Dec 6th interview [ @BusinessDayTV](https://twitter.com/BusinessDayTV)… In September 2022, Transaction Capital said that GoMo had received a positive market response, with the number of loan applications being significantly higher than anticipated. GoMo was launched in the 2022 financial year as a mobility platform aimed at South Africa’s under-penetrated used vehicle finance and insurance sector. The fare increase passed in July 2022 should partly offset this financial pressure.” Take-up of finance and insurance products continues to increase.” [#TCP](https://twitter.com/hashtag/TCP?src=hashtag_click) was [as I said] a contentious call BUT one I had confidence in. As we grow our GoMo offering, SA Taxi will seek to recalibrate its minibus taxi business by being more selective in the taxi operators and vehicle variants supported.

Transaction Capital shares plunge whopping 40% as it plans to ... (Independent Online)

Transaction Capital issued a statement late on Monday, forecasting that it expected its core earnings per share (Eps) from continuing operations for half year ...

“In the short term, we believe it is prudent to acknowledge and decisively tackle the issues facing SA Taxi, and to reset this business for future growth. "This should be considered against an extremely high comparator base in the first half of the 2022 financial year. Management is proactively addressing this through an aggressive restructuring to right size this business and position it for future growth,” it said. Transaction Capital said its balance sheet remained in a healthy position. David Hurwitz, the CEO of Transaction Capital said, “We are proud of our track record of delivering consistently high growth for stakeholders and believe that Transaction Capital will continue to deliver this into the medium term. However, it expected core Eps from continuing operations in the second half of full year 2023 to be higher than the first half, and as such it expected core Eps from continuing operations for the full year to be down to a lesser extent (in percentage terms).

Taxi industry woes put a spoke in the wheel of Transaction Capital (Business Day)

The group's stock plunged 40% as it increased the bad debt provision for SA Taxi by R1.8bn.

Email [email protected] or call 0860 52 52 00. It ended 37.18% weaker... Business Day TV speaks to Sisanda Mbolekwa, political reporter of the Sunday Times

South Africa's taxi operators are in trouble (BusinessTech)

Transaction Capital has found itself in the wrong place at the wrong time — financing minibus taxis amid rocketing fuel prices and a stagnant South African ...

And the minibus taxi industry in South Africa isn’t going anywhere. It’s the worst of times to be talking about bad loans. It flagged that a first-half earnings per share loss was likely and said the industry remained under strain.

ThinkDaily - Transaction Capital's shares plunged by ... (ThinkMarkets)

In the commodities market, Brent Crude oil and WTI Crude oil are trading at $78.38 and $72.33 per barrel, respectively. Gold Spot and Platinum Spot prices are ...

The FTSE 100, DAX, and CAC40 increased by 1.17%, 1.83%, and 1.86%, respectively. In the commodities market, Brent Crude oil and WTI Crude oil are trading at $78.38 and $72.33 per barrel, respectively. Globally, the S&P 500, Dow Jones, and Nasdaq rose by 1.65%, 1.06%, and 0.45%, respectively. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. However, the Industrial 25 sector increased by 0.17%. This morning, GrowthPoint Properties released its interim results indicating a 7.4% increase in total revenue, a 4.8% increase in operating profit, and an interim dividend of 64.3 cents per share.