Super Group: Time for a Dividend
Key message: Super Group needs to pay a dividend to regain some investor confidence. The Australian exposure may well be becoming an albatross for management – an exit may need to be considered.
Motus Holdings: Stay Local, Young Man
Key message: Motus should stay local – car dealerships are a hands-on business making remote management difficult
Imperial Logistics: Looking for Growth, But at What Cost?
Key message: Imperial faces short-term earnings challenges and may try to acquire growth (but with a weak acquisitive track record)
Bidcorp: Coronavirus a ST impact
Key message: Foodservice remains a growth sector with little sign of significant new competition. However, the coronavirus impact on global travel should have a short-term negative impact.
Barloworld – Stuff You Should Know: Mongolia – Brushing up on the Mining Industry
Mongolia has experienced a mining boom over the past 20 years and exploration prospects are good. Mining legislation, however, remains a risk.
Barloworld: Expanding Across the Steppes
Good Caterpillar dealer territory is hard to get – and Barloworld seems to have found a good growth prospect
Bidvest: Unleashing the balance sheet
Bidvest invests big offshore – but in the right sector for the right price