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General information

Sector: Technology

The company is not available at Interactive Brokers

Cognition Holdings Limited (JSE:CGN), formerly FoneWorx Propriety Limited, houses the operating divisions of MediaWorx, BizWorx and Knowledge 350°.

MediaWorx has developed a proprietary technical platform which hosts a range of multi-channel services which are offered to all internal divisions and third party clients.

BizWorx leverages off the proprietary platform and provides a range of unified communication services (“UCS”) targetted to: individuals, small office/home office (“SOHO”), small medium enterprises (“SME’s”) and corporates.

The Knowledge 350° strategy is to assist clients in moving away from mass marketing to one-to-one marketing. This moves our clients’ databases from segmented or clustered marketing to singular customer granularity and the associated focused marketing.



  • Bad financial results growth rate -84.5% (average between last period year over year growth for revenue and EBITDA), there is slowdown compared to average historical growth rates (-0.1%)
  • Dividend yield for the last twelve months 0.0%
  • Free cash flow yield 59.5% (LTM)
  • Share price is 100.0% higher than minimum and 9.1% lower than maximum for the last 3 years
  • The company is undervalued by EV / LTM EBITDA multiple compared to target level (3.3x vs
    )
  • Fundamental value created in LTM (estimate)

Key Financials

Share price, ZAR:  (0.0%)1.0000
Share price, USD: 0.053352
Common stocks: 229 270 000

Dividend Yield:  0.0%
FCF Yield LTM: 59.5%
EV / LTM EBITDA: 3.3x
Last revenue growth (y/y):  -73.1%
Last growth of EBITDA (y/y):  -95.9%
Historical revenue growth:  -29.4%
Historical growth of EBITDA:  +5.3%
Target EV / EBITDA (hist percentile):
Fundamental value created in LTM:
EV / LTM EBITDA mutiple calculation
Market Cap ($m): 12
Net Debt ($m): -11
EV (Enterprise Value): 1
EBITDA LTM ($m): 0
EV / LTM EBITDA: 3.3x
Price to Book: 0.96x

Revenue and EBITDA

Semi-Annual values ($m)

Change (y/y)

Cash Flow

FCF ($m)

Net Debt / Cash and Equivalents ($m)

Share price and dividends (Download history)

Share price

Payment ZAR per share

Multiple and potential

EV / EBITDA

Potential dynamics

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Reuters Headlines

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2023-04-21

JSE:EMN JSE:EMH JSE:ISA JSE:CGN

UN chief to convene meeting to work on way forward on Afghanistan

UNITED NATIONS (Reuters) -U.N. Secretary-General Antonio Guterres will convene envoys on Afghanistan from various countries next month to work on a unified approach to dealing with the Taliban authorities, the United Nations said on Wednesday.

2023-04-20

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Britain inks trade deal with Oklahoma, hails architects` licensing pact

WASHINGTON (Reuters) -British trade minister Nigel Huddleston signed a trade deal with the U.S. state of Oklahoma in Washington on Tuesday, while hailing another accord aimed at easing rules for UK architects working in the United States, the British embassy said.

2023-04-18

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Britain to ink trade deal with Oklahoma, architects` licensing pact

British trade minister Nigel Huddleston will sign two trade deals in Washington this week - one with the U.S. state of Oklahoma and the other aimed at easing rules for UK architects working in the United States, his ministry said on Tuesday.

2023-04-18

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Senator calls for investigation after Reuters facial recognition report

U.S. Senator Ron Wyden has called for the Biden administration to carry out an investigation after a Reuters report showed how Russian authorities are using facial recognition to curb dissent with the aid of U.S. technology. 

2023-04-12

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Taliban aim to boost Afghan security forces, anti-aircraft capacity -army chief

Defence has received the largest share of funds in Afghanistan`s budget as the Taliban government aims to boost forces by a third and build anti-aircraft missile capacity, the army chief told Reuters in a rare interview to foreign media.

2023-04-12

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University of Minnesota committed Indigenous genocide - report

The University of Minnesota`s founders engaged in "genocide" and "ethnic cleansing" of Native American people during the 19th century that resulted in the institution`s financial gain, a report released on Tuesday concluded.

2023-04-12

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Thousands of Israelis march to illegal West Bank outpost as tensions mount

Thousands of Israelis, including government ministers, marched towards the evacuated outpost of Evyatar in the occupied West Bank on Monday to support settlement expansion, as tensions mounted between Israelis and Palestinians.

2023-04-10

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US official says coalition can communicate effectively with China on Russia sanctions

A senior U.S. Treasury Department official said on Friday that the coalition of partners that has imposed sanctions on Russia over its invasion of Ukraine have found effective ways to communicate with China about not providing material support to Russia.

2023-04-07

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Oscar Pistorius seeks early release 10 years after killing girlfriend

JOHANNESBURG (Reuters) -Oscar Pistorius, the former South Africa Paralympic champion jailed in 2016 for murdering his girlfriend Reeva Steenkamp, will ask a parole board on Friday to release him early from prison, lawyers and prison officials said.

2023-03-31

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South Africa`s Pistorius seeks early release 10 years after killing girlfriend

Former South Africa paralympic athlete Oscar Pistorius, jailed in 2016 for murdering his girlfriend Reeva Steenkamp, will ask a parole board on Friday to release him early from prison, lawyers and prison officials said.

2023-03-31

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South Africa`s new Zulu king officially recognised by government

Misuzulu, who has promised to unite his nation and protect tradition, was officially recognised as the AmaZulu King by the South African government on Saturday in the first Zulu coronation since 1971.

2022-10-29

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Jailed South African paralympic star Pistorius met victim`s father

Former South Africa paralympic superstar Oscar Pistorius, jailed in 2016 for killing his girlfriend Reeva Steenkamp, last week met her father, a lawyer for the Steenkamp family said on Friday.

2022-07-01

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South Africa`s anti-apartheid hero Tutu to lie in state at St.George`s Cathedral

The body of South Africa`s anti-apartheid theologian, Archbishop Desmond Tutu, arrived at Cape Town`s St George`s Cathedral on Thursday morning, where it will lie in state for two days for mourners to pay their final respects.

2021-12-30

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Cathedral bells toll for South Africa`s anti-apartheid hero Tutu

South Africans remembered anti-apartheid hero Archbishop Desmond Tutu with cathedral bells, flowers and warm words on Monday, a day after he died in a Cape Town nursing home aged 90.

2021-12-27

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UPDATE 3-Cathedral bells toll for South Africa`s anti-apartheid hero Tutu

* South Africans revered Tutu as nation`s moral conscience (Adds more details)

2021-12-27

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Desmond Tutu, South Africa`s `moral compass`, dies at 90

JOHANNESBURG (Reuters) -Archbishop Desmond Tutu, a Nobel Peace Prize laureate and veteran of South Africa`s struggle against apartheid who was revered as his nation`s conscience by both Black and white, died on Sunday aged 90.

2021-12-26

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Jailed former paralympic athlete Pistorius moved closer to victim`s family

Former South Africa paralympic superstar, Oscar Pistorius, jailed in 2016 for killing his girlfriend Reeva Steenkamp, has been moved closer to her family ahead of reconciliation talks that could help pave the way for his early release from prison.

2021-12-02

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South Africa reacts to the death of last white president FW de Klerk

JOHANNESBURG (Reuters) -South Africa`s last apartheid-era President, Frederik Willem (FW) de Klerk, whose role in the country`s transition from white-minority rule to democracy remains hotly contested, has died aged 85.

2021-11-11

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QUOTES-South Africa reacts to the death of last white president FW de Klerk

South Africa`s last apartheid-era President, Frederik Willem (FW) de Klerk, whose role in the country`s transition from white-minority rule to democracy remains hotly contested, has died aged 85.

2021-11-11

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S.Africa tackles secretive party funding with law, but still allows anonymous donors

South African President Cyril Ramaphosa signed a law on Friday requiring political parties to disclose donations of more than 100,000 rand ($6,650) in a bid to clean up party funding, but it did not ban anonymous donations.

2021-01-22

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Former South African president De Klerk withdraws from U.S. rights talk

South Africa`s last apartheid president, F.W. de Klerk, has withdrawn from a U.S. seminar about minority rights because he did not want to embarrass himself or his hosts in the current charged racial climate, his foundation said on Sunday.

2020-06-24

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UPDATE 1-PwC probe finds certain executives at S.Africa`s Tongaat overstated profits, assets

South Africa`s Tongaat Hulett said on Friday a PwC probe found that certain senior executives had overstated profits and certain assets by using "undesirable accounting practices".

2019-11-29

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Exclusive: Nigeria`s youth breathes new life into business for good

ABUJA/LONDON, Oct 22 (Thomson Reuters Foundation) - When Olamide Ayeni-Babajide discovered an expensive ornament she purchased on a trip abroad was made of old corn husk it opened her eyes to the potential of Nigeria`s own waste problem.

2019-10-22

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UPDATE 1-South African regulator fines Steinhoff for misleading markets

South Africa`s market regulator has fined retailer Steinhoff a record 53 million rand ($3.6 million) for making "false, misleading or deceptive statements" to the market, the company said on Thursday.

2019-09-12

JSE:CGN

UPDATE 1-South Africa`s Tongaat to restate prior results after accounting review

South African sugar producer Tongaat Hulett Ltd said on Wednesday it would restate prior financial information after a formal review revealed certain accounting practices that needed to be re-examined.

2019-04-24

JSE:AVI JSE:SNH JSE:TON JSE:CGN

South Africa`s Distell to set up new firm for premium wine business

South African wine and spirits maker Distell said on Tuesday it would set up a standalone company to run its premium wine operation, which it hopes will see its volumes triple in the next decade.

2019-01-15

JSE:CGN

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2022-08-05
Trading Statement
2022-08-03
Cautionary Announcement: Disposal of Majority Interest in Private Property Proprietary Limited
2022-04-05
Appointment of Company Secretary
2022-03-11
Change In Sponsor
2022-03-07
Unaudited Condensed Consolidated Interim Results for the Six Months Ended 31 December 2021
2022-03-07
Change to the Board of Directors - Appointment of CEO
2022-02-25
Trading Statement
2022-02-02
Resignation of Company Secretary
2022-01-20
Change to Board of Directors – Resignation of Director
2021-12-10
Change to the Board: Chief Executive Officer Steps Down
2021-11-29
Results of Annual General Meeting and Changes to the Board
2021-10-29
No Change Statement, Notice of Annual General Meeting and Availability of B-BBEE Annual Compliance Report
2021-09-30
Voluntary Announcement – Update on Date of Distribution of the Integrated Annual Report
2021-09-29
Receipt of proposal from shareholders in terms of section 65(3) of the Companies Act

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2024-04-19
Notice convening the Scheme Meeting of Cognition Shareholders
2024-03-13
Renewed Cautionary Announcement
2024-02-16
Unaudited Condensed Consolidated Interim Results for the 6 Months ended 31 December 2023
2024-02-12
Trading Statement
2024-02-12
Renewed Cautionary Announcement
2023-12-27
Renewed Cautionary Announcement
2023-11-17
Results of Annual General Meeting ("AGM")
2023-11-15
Cautionary Announcement
2023-10-12
Distribution of the Annual Report, No Change Statement, Notice of AGM and B-BBEE Compliance Report
2023-09-04
Short Form – Reviewed Preliminary Condensed Consoldiated Results for the yeear ended 30 June 2023
2023-08-28
Trading Statement
2023-08-11
Disposal of Cognition House
2023-06-29
Resignation and Retirement of Director
2023-06-29
Dealings in Securities by a Director
2023-06-27
Proposed Disposal of Property
2023-03-08
Unaudited Condensed Consolidated Interim Results for the 6 Months ended 31 December 2022
2023-03-01
Trading Statement
2022-11-14
Disposal of Majority Interest in Private Property SA Pty Ltd: Results of General Meeting - Erratum
2022-11-11
Disposal of Majority Interest in Private Property South Africa (Pty) Ltd: Results of the General Meeting
2022-11-04
Results of Annual General Meeting ("the AGM")
2022-10-27
Firm Intentional Ann Proposed Disposal of 50.01% Shareholding in Private Property SA P/L & Withdrawal of Cautionary
2022-10-14
Disposal of Majority Interest in Private Property South Africa (Pty) Ltd
2022-10-06
Changes to the Board: Appointment as Lead Independent Director
2022-09-30
Distribution of Annual Report, No Change Statement, Notice of AGM and B-BBEE Compliance Report
2022-09-20
Detailed Cautionary: Proposed disposal of majority interest in Private Property SA Pty Ltd (“Private Property")
2022-09-02
Short Form: Reviewed Preliminary Condensed Consolidated Results for the year ended 30 June 2022
2022-08-26
Detailed Cautionary Announcement: Proposed Disposal of Majority Interest in Private Property SA (Pty) Ltd
2022-08-05
Trading Statement
2022-08-03
Cautionary Announcement: Disposal of Majority Interest in Private Property Proprietary Limited