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VUNANI LTD

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VUN trade ideas

Our opinion on the current state of VUNANI(VUN)Vunani (VUN) is a black-owned financial services group with operations across asset management, investment banking, property, stockbroking, and coal mining. The company's coal interests have recently benefitted from increased coal prices, adding resilience to their diversified portfolio. However, in its latest six-month results to 31st August 2024, Vunani reported a decline in revenue to R327.8 million (from R336.7 million) and headline earnings per share (HEPS) down to 6.7c (from 18.2c in the previous period). The company attributed these declines to challenging global and domestic economic conditions, worsened by geopolitical tensions in Ukraine and the Middle East, which have impacted business confidence. For private investors, a longstanding issue with Vunani has been its low trading volume. Recently, this liquidity has reduced even further, making it challenging for private investors to enter or exit positions practically.
JSE:VUN
by PDSnetSA
Our opinion on the current state of VUNANI(VUN)Vunani (VUN) is a black-owned financial services group with interests in asset management, investment, banking, property, and stockbroking. It also has an interest in coal mining, which has been performing well with the rise in coal prices. In its results for the year to 29th February 2024, the company reported revenue up 2% and headline earnings per share (HEPS) of 7,4c compared with 30,1c in the previous year. From a private investor's perspective, the biggest problem with this share in the past was that it was too thinly traded to be a practical investment. In recent weeks, however, the value traded on average each day has risen to R128 000, making it more viable. There remain many days when there are no trades at all, so it remains quite risky.
JSE:VUN
by PDSnetSA
Our opinion on the current state of VUNANI(VUN)Vunani (VUN) is a black-owned financial services group with interests in asset management, investment banking, property, and stockbroking. It also has an interest in coal mining, which has been performing well with the rise in coal prices. In its results for the six months to 31st August 2023, the company reported revenue up 4% and headline earnings per share (HEPS) of 18.2c compared with 20.4c in the previous period. The company said, "The group generated total comprehensive income for the period of R35.9 million (2022: R39.3 million), while total profit attributable to equity holders of the company amounted to R28.9 million (2022: R32.3 million)." In a trading statement for the year to 29th February 2024, the company estimated that HEPS would fall by between 63% and 83%. From a private investor's perspective, the biggest problem with this share is that it is simply too thinly traded to be a practical investment. The low trading volume can result in difficulty buying or selling shares at favorable prices and may lead to increased volatility. While Vunani has diverse interests and has shown growth in some areas, the significant drop in HEPS and the thin trading volume make it a less attractive option for private investors. Potential investors should consider these factors and may want to look for more liquid and stable investment opportunities.
JSE:VUN
by PDSnetSA
Our opinion on the current state of VUNVunani (VUN) is a black-owned financial services group with interests in asset management, investment, banking, property and stockbroking. It also has an interest in coal mining which has been performing well with the rise in coal prices. In its results for the six months to 31st August 2023 the company reported revenue up 4% and headline earnings per share (HEPS) of 18,2c compared with 20,4c in the previous period. The company said, "The group generated total comprehensive income for the period of R35.9 million (2022: R39.3 million), while total profit attributable to equity holders of the company amounted to R28.9 million (2022: R32.3 million)". From a private investor's perspective, the biggest problem with this share is that it is simply too thinly traded to be a practical investment.
JSE:VUN
by PDSnetSA