Latest news with #R9.4m
The Citizen
06-05-2025
- Politics
- The Citizen
Sebokeng DLTC vandalised despite R9.4m spent on security
The DA's Emfuleni North Constituency Head and MPL Kingsol Chabalala says it is absurd that millions of rands have been wasted on paying security companies who fail to deliver security services at the Sebokeng DLTC. In response to questions posed by Chabalala in the Gauteng Provincial Legislature, Gauteng MEC for Infrastructure Development Jacob Mamabolo stated that a total of R9.4m has been spent on securing the Sebokeng DLTC as of 1 June, 2019, to date. Chabalala said the DLTC is in disrepair, heavily vandalised, and ruined despite over R9.4 m spent on security services meant to safeguard the facility. 'The DA in Gauteng demands that MEC Mamabolo fast-track the completion of the Sebokeng DLTC to ensure that Emfuleni residents have access to this facility instead of wasting taxpayers' money on paying ineffective security companies.' 'It is a travesty that this project, which has already cost taxpayers over R78m, has been abandoned and left to rot while residents are forced to commute or walk long distances to access DLTC services.' Chabalala said the Sebokeng DLTC is another example of the Gauteng Department of Infrastructure Development's failure to complete projects on time and within budget. He said he will write to MEC Mamabolo to provide timelines to ensure the project is completed within the stipulated additional budget. At Caxton, we employ humans to generate daily fresh news, not AI intervention. Happy reading!
Yahoo
02-03-2025
- Business
- Yahoo
We Ran A Stock Scan For Earnings Growth And 4Sight Holdings (JSE:4SI) Passed With Ease
The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even companies that have no revenue, no profit, and a record of falling short, can manage to find investors. Unfortunately, these high risk investments often have little probability of ever paying off, and many investors pay a price to learn their lesson. Loss-making companies are always racing against time to reach financial sustainability, so investors in these companies may be taking on more risk than they should. So if this idea of high risk and high reward doesn't suit, you might be more interested in profitable, growing companies, like 4Sight Holdings (JSE:4SI). While this doesn't necessarily speak to whether it's undervalued, the profitability of the business is enough to warrant some appreciation - especially if its growing. View our latest analysis for 4Sight Holdings If a company can keep growing earnings per share (EPS) long enough, its share price should eventually follow. That means EPS growth is considered a real positive by most successful long-term investors. To the delight of shareholders, 4Sight Holdings has achieved impressive annual EPS growth of 41%, compound, over the last three years. While that sort of growth rate isn't sustainable for long, it certainly catches the eye of prospective investors. Careful consideration of revenue growth and earnings before interest and taxation (EBIT) margins can help inform a view on the sustainability of the recent profit growth. EBIT margins for 4Sight Holdings remained fairly unchanged over the last year, however the company should be pleased to report its revenue growth for the period of 28% to R941m. That's encouraging news for the company! You can take a look at the company's revenue and earnings growth trend, in the chart below. To see the actual numbers, click on the chart. Since 4Sight Holdings is no giant, with a market capitalisation of R363m, you should definitely check its cash and debt before getting too excited about its prospects. Insider interest in a company always sparks a bit of intrigue and many investors are on the lookout for companies where insiders are putting their money where their mouth is. Because often, the purchase of stock is a sign that the buyer views it as undervalued. However, insiders are sometimes wrong, and we don't know the exact thinking behind their acquisitions. While we did see insider selling of 4Sight Holdings stock in the last year, one single insider spent plenty more buying. Namely, CFO, Financial Director & Executive Director Eric van Merwe out-laid R9.4m for shares, at about R0.61 per share. That can definitely be seen as a sign of conviction. These recent buys aren't the only encouraging sign for shareholders, as a look at the shareholder registry for 4Sight Holdings will reveal that insiders own a significant piece of the pie. In fact, they own 58% of the company, so they will share in the same delights and challenges experienced by the ordinary shareholders. Intuition will tell you this is a good sign because it suggests they will be incentivised to build value for shareholders over the long term. Valued at only R363m 4Sight Holdings is really small for a listed company. So this large proportion of shares owned by insiders only amounts to R211m. That's not a huge stake in absolute terms, but it should help keep insiders aligned with other shareholders. Shareholders have more to smile about than just insiders adding more shares to their already sizeable holdings. That's because on our analysis the CEO, Tertius Zitzke, is paid less than the median for similar sized companies. The median total compensation for CEOs of companies similar in size to 4Sight Holdings, with market caps under R3.7b is around R6.9m. The 4Sight Holdings CEO received R5.1m in compensation for the year ending February 2024. That seems pretty reasonable, especially given it's below the median for similar sized companies. CEO remuneration levels are not the most important metric for investors, but when the pay is modest, that does support enhanced alignment between the CEO and the ordinary shareholders. Generally, arguments can be made that reasonable pay levels attest to good decision-making. 4Sight Holdings' earnings per share have been soaring, with growth rates sky high. The cherry on top is that insiders own a bunch of shares, and one has been buying more. These factors seem to indicate the company's potential and that it has reached an inflection point. We'd suggest 4Sight Holdings belongs near the top of your watchlist. What about risks? Every company has them, and we've spotted 1 warning sign for 4Sight Holdings you should know about. The good news is that 4Sight Holdings is not the only stock with insider buying. Here's a list of small cap, undervalued companies in ZA with insider buying in the last three months! Please note the insider transactions discussed in this article refer to reportable transactions in the relevant jurisdiction. 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. Sign in to access your portfolio
