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Author Topic: Capitec  (Read 19918 times)

TheKwok

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Capitec
« on: April 15, 2013, 07:45:29 am »
Capitec is looking very cheap - P/E and P/NAV offering very good value.

A relative valuation exercise is at - https://sites.google.com/site/sasharingshares
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Johan

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Re: Capitec
« Reply #1 on: April 15, 2013, 07:52:27 am »
Interesting piece. I've been thinking the same about CPI.
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Johan

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Re: Capitec
« Reply #2 on: May 08, 2013, 05:09:56 pm »
Quote
New kid on the block, Capitec’s market share grew from 7.9% to 10.8% between the period of January 2012 to December 2012, showing 43% year-on-year growth for the bank. This means Capitec has pushed past Nedbank, which currently has a market share of 10.7% (down from 11% in 2011), according to the AMPS data.

The latest AMPS data has also revealed how much each of SA’s big banks – including Capitec – has spent on marketing between March 2012 – February 2013. According to the data, the five banks spent a total of R1.75 billion in marketing over the period, with FNB spending the most – R562.3 million.

FNB CEO, Michael Jordaan noted in a tweet that “thanks to Steve”, the bank had reached a milestone 1.5 million active consumer cheque accounts – up 13% from 12 months ago. Despite its large marketing spend, however, the AMPS data shows that FNB still lost market share, albeit marginally.

In contrast, Capitec, with the lowest marketing spend of R93.4 million, managed to boost its market share.

http://businesstech.co.za/news/banking/37411/biggest-sa-banks-shock/
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gcr

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Re: Capitec
« Reply #3 on: May 09, 2013, 03:03:33 pm »
Marc Ashton has taken a different view on this report and his article is on Fin 24 - I would be more inclined to believe Marc's figures and arguments over AMPS figures as they seem to be looking at a very thin slice of data
« Last Edit: May 09, 2013, 03:20:03 pm by grahamcr »
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Bloodburner9000

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Re: Capitec
« Reply #4 on: February 14, 2014, 11:36:42 am »
Looking even cheaper now!

I am going to buy into CPI, will be 18% of my portfolio after I buy, is this bad?
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Neil

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Re: Capitec
« Reply #5 on: February 17, 2014, 03:37:32 pm »
Quote from: Bloodburner9000 on February 14, 2014, 11:36:42 am
Looking even cheaper now!

I am going to buy into CPI, will be 18% of my portfolio after I buy, is this bad?

I think so. I wouldnt touch Capitec with 10 foot pole. The unsecured lending bubble is in the process of imploding, first it was ABL, now JDG, the sh*t is still heading Capitecs way. My 2 Cents 
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Disclaimer:The views/opinions expressed in this post are that of the writer and are not to be interpreted as advice, nor as a indication to buy/sell any investment or equity. The writer will not be held liable for any profit or loss resulting from reading of this post by the reader in any form.

Nivek

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Re: Capitec
« Reply #6 on: August 25, 2014, 12:46:05 pm »
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Alsie

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Re: Capitec
« Reply #7 on: August 26, 2014, 11:26:51 am »
The sentiment is most definitely against Capitec. Even if there is currently value in
the share you can only realise it if there are buyers when you want to sell.
Personally I stay away - I try to be an investor and not a speculator.
Horses for courses.
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rjthomas

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Re: Capitec Share price
« Reply #8 on: August 31, 2015, 06:16:21 am »
This share is near it's all-time high which was about R490. They are not expanding into Africa like the Big 4 has done, so how can they sustain growth in the future?

I mean if they believe that simply pouching customers from other banks will grow their base, I doubt it will continue in big numbers in the short term.
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South African working in China since 2012

Mr_Dividend

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Re: Capitec
« Reply #9 on: August 31, 2015, 07:37:39 am »
They can offer new products like car loans and mortgages. Besides banking guys on the lower LSMs, I think more and more middle class guys are making the switch. And they have a perfect offering for Africa.

And on a side note, I only bank with them - I find the service better than the big banks and also their secure internet banking does not use the cheaper cell phone SMS system - for obvious reasons. I luckily managed to buy around the demise of ABL - so could get it for the dividend. Will never sell.
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