South Africa's PIC Gives Funds to Chicken Producer to Save Birds
South Africa's biggest money manager will give financial support to state-owned poultry producer Daybreak Foods after reports of birds starving to death.
The Public Investment Corp. will allocate 74 million rand ($4.1 million) to provide immediate working capital for Daybreak's liquidity needs, according to an emailed statement. The amount was initially earmarked for capital expenditure and is part of a 250 million rand facility that was set aside for the company earlier.
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Business Insider
3 hours ago
- Business Insider
African countries excluded as China expands visa‑free transit to 55 nations
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Yahoo
5 hours ago
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Kumba Iron Ore (JSE:KIO) Could Be Struggling To Allocate Capital
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Yahoo
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South Ocean Holdings (JSE:SOH) Shareholders Will Want The ROCE Trajectory To Continue
There are a few key trends to look for if we want to identify the next multi-bagger. In a perfect world, we'd like to see a company investing more capital into its business and ideally the returns earned from that capital are also increasing. If you see this, it typically means it's a company with a great business model and plenty of profitable reinvestment opportunities. So on that note, South Ocean Holdings (JSE:SOH) looks quite promising in regards to its trends of return on capital. We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. If you haven't worked with ROCE before, it measures the 'return' (pre-tax profit) a company generates from capital employed in its business. The formula for this calculation on South Ocean Holdings is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.066 = R59m ÷ (R1.2b - R334m) (Based on the trailing twelve months to December 2024). Thus, South Ocean Holdings has an ROCE of 6.6%. In absolute terms, that's a low return and it also under-performs the Electrical industry average of 24%. See our latest analysis for South Ocean Holdings Historical performance is a great place to start when researching a stock so above you can see the gauge for South Ocean Holdings' ROCE against it's prior returns. If you're interested in investigating South Ocean Holdings' past further, check out this free graph covering South Ocean Holdings' past earnings, revenue and cash flow. South Ocean Holdings has recently broken into profitability so their prior investments seem to be paying off. About five years ago the company was generating losses but things have turned around because it's now earning 6.6% on its capital. And unsurprisingly, like most companies trying to break into the black, South Ocean Holdings is utilizing 69% more capital than it was five years ago. This can indicate that there's plenty of opportunities to invest capital internally and at ever higher rates, both common traits of a multi-bagger. Overall, South Ocean Holdings gets a big tick from us thanks in most part to the fact that it is now profitable and is reinvesting in its business. And with the stock having performed exceptionally well over the last five years, these patterns are being accounted for by investors. Therefore, we think it would be worth your time to check if these trends are going to continue. If you want to continue researching South Ocean Holdings, you might be interested to know about the 4 warning signs that our analysis has discovered. While South Ocean Holdings may not currently earn the highest returns, we've compiled a list of companies that currently earn more than 25% return on equity. Check out this free list here. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
