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General information

Sector: Financials

The company is not available at Interactive Brokers

Transaction Capital (JSE:TCP) is an active investor in and operator of credit-orientated alternative assets managed by experienced entrepreneurial management teams employing a rigorous value-led investment approach to generate risk-adjusted interest returns & capital appreciation whilst delivering social value. Transaction Capital has two divisions:

SA Taxi

A vertically integrated business platform, providing a comprehensive financial, insurance and allied services offering to minibus taxi operators. The division offers a unique blend of vehicle procurement, retail, repossession and refurbishment capabilities with asset-backed developmental finance and insurance specifically designed for the minibus taxi industry.

Transaction Capital Risk Services

TCRS' diversified business model reduces concentration risk and supports performance in different market conditions. TCRS is diversified by business activity across collection, transactional and value-added services.

Within its most significant business activity, collection services, TCRS acts as both a principal in acquiring and then collecting on non-performing loan portfolios, and as an agent on an outsourced contingency or fee-for-service (FFS) basis.

With its business activities diversified further across various consumer related sectors, clients and geographies, TCRS' business model is defensive.



  • Bad financial results growth rate -58.1% (average between last period year over year growth for revenue and Net Income), there is slowdown compared to average historical growth rates (0.5%)
  • Dividend yield for the last twelve months 0.0%
  • Share price is 14.2% higher than minimum and 94.8% lower than maximum for the last 3 years
  • The company is undervalued by P/E LTM multiple compared to target level (-2.1x vs
    )

Key Financials

Share price, ZAR:  (0.0%)2.74
Share price, USD: 0.1469
Common stocks: 784 671 533

Dividend Yield:  0.0%
P/E LTM: -2.1x
Last revenue growth (y/y):  -48.9%
Last growth of Net Income (y/y):  -67.4%
Historical revenue growth:  +100.4%
Historical growth of Net Income:  -6.5%
Target P/E (hist percentile):
P/E mutiple calculation
Market Cap ($m): 115
Net Profit ($m): -55
P/E LTM: -2.1x
Price to Book: 0.27x

Revenue and Net Income

Semi-Annual values ($m)

Change (y/y)

Share price and dividends (Download history)

Share price

Payment ZAR per share

Multiple and potential

P / E

Potential dynamics

TechCentral Headlines

WeBuyCars makes R7.8-billion JSE debut

Transaction Capital’s WeBuyCars opened for trading on the JSE on Thursday, among the first of 10 expected listings this year.

2024-04-11 09:42 +02:00
by Agency Staff

JSE:NPN JSE:TCP JSE:PIK JSE:RCL JSE:SPG JSE:JSE JSE:ISA

JSE finally sees its listings crisis easing

The JSE is slowly turning the tide from a wave of delistings to companies once again considering initial public offerings.

2024-03-19 10:13 +02:00
by Agency Staff

JSE:TCP JSE:PIK JSE:RCL JSE:SPG JSE:JSE

Stellenbosch to play host to electric minibus taxi trial

Stellenbosch will play host to a planned trial of the feasibility of introducing electric minibus commuter taxis in South Africa.

2022-06-09 15:51 +02:00
by Staff Reporter

JSE:TCP JSE:JSE JSE:MIX

Electric minibus taxis to be trialled in South Africa

SA Taxi, a subsidiary of JSE-listed Transaction Capital and a major player in South Africa’s minibus taxi industry, has said it plans to trial electric taxis in the country.

2022-01-19 08:21 +02:00
by Duncan McLeod

JSE:TCP JSE:AVI JSE:JSE JSE:MPT

Tribunal approves WeBuyCars deal

The Competition Tribunal has given the green light for JSE-listed Transaction Capital to buy a controlling 74.9% stake in South African online car marketplace WeBuyCars. No conditions were attached.

2021-08-09 11:45 +02:00
by Staff Reporter

JSE:NPN JSE:TCP JSE:JSE

Board shake-up at Telkom

Less than a year after joining Telkom’s board, former Openserve CEO Alphonzo Samuels has resigned as a non-executive director. The company has also appointed two new directors.

2021-07-02 12:22 +02:00
by Staff Reporter

JSE:FSR JSE:OMU JSE:TCP JSE:TBS JSE:BAW JSE:TKG JSE:MSM JSE:DTC JSE:SBP JSE:ISA

Transaction Capital in talks to take control of WeBuyCars

JSE-listed Transaction Capital said on Wednesday that it is in talks to increase its stake in WeBuyCars to 74.9%, a move that will give it control over the South African online car marketplace.

2021-05-12 05:56 +02:00
by Duncan McLeod

JSE:NPN JSE:TCP JSE:SPG JSE:JSE

Transaction Capital swoops on WeBuyCars

After Naspers was blocked from acquiring a controlling 60% stake in specialist car-buying service WeBuyCars earlier this year, Transaction Capital has announced it is taking a 49.9% stake in the company.

2020-09-08 16:20 +02:00
by Duncan McLeod

JSE:NPN JSE:TCP JSE:AVI JSE:SPG

Insider trades

Date
Company
Person
B/S
Stocks
Price
volume USD
2023-05-19
Transaction Capital
[JSE:TCP]
Christopher Stefan Seabrooke
B
200000
ZAR 7.09
-60.5%
72 923
2023-05-18
Transaction Capital
[JSE:TCP]
Christopher Stefan Seabrooke
B
100000
ZAR 7.00
-61.7%
36 184
2023-05-11
Transaction Capital
[JSE:TCP]
Christopher Stefan Seabrooke
B
100000
ZAR 7.70
-64.7%
40 138
2023-03-31
Transaction Capital
[JSE:TCP]
Christopher Stefan Seabrooke
B
100000
ZAR 12.75
-78.5%
71 729
2023-03-28
Transaction Capital
[JSE:TCP]
Kubandiran Pillay
B
105465
ZAR 13.60
-79.8%
78 973
2023-03-27
Transaction Capital
[JSE:TCP]
Jonathan Michael Jawno
B
1500000
ZAR 13.19
-79.2%
1 080 863
2023-03-22
Transaction Capital
[JSE:TCP]
Jonathan Michael Jawno
B
1500000
ZAR 11.71
-76.6%
963 397
2023-03-20
Transaction Capital
[JSE:TCP]
Christopher Stefan Seabrooke
B
500000
ZAR 10.81
-74.3%
292 035
2023-03-20
Transaction Capital
[JSE:TCP]
Diane Radley
B
110000
ZAR 10.80
-74.3%
64 194
2023-03-20
Transaction Capital
[JSE:TCP]
Sharon Wapnick
B
100000
ZAR 10.82
-74.3%
58 466
2023-03-15
Transaction Capital
[JSE:TCP]
Adriaan Stephanus Scheepers Van Der Walt
B
660000
ZAR 14.99
-81.2%
538 079
2023-02-23
Transaction Capital
[JSE:TCP]
David McAlpin
S
134851
ZAR 31.26
-91.4%
231 222
2023-02-20
Transaction Capital
[JSE:TCP]
David McAlpin
S
45808
ZAR 32.01
-91.4%
81 050
2022-12-13
Transaction Capital
[JSE:TCP]
David Hurwitz
S
428493
ZAR 34.05
-91.9%
846 719
2022-11-23
Transaction Capital
[JSE:TCP]
Mark Herskovits
S
72093
ZAR 38.69
-92.9%
164 366
2022-11-23
Transaction Capital
[JSE:TCP]
Lorenzo Cardoso
S
97591
ZAR 38.69
-92.9%
222 500
2022-11-23
Transaction Capital
[JSE:TCP]
Sara Olivier
S
3733
ZAR 38.69
-92.9%
8 511
2022-11-23
Transaction Capital
[JSE:TCP]
David McAlpin
S
204484
ZAR 38.69
-92.9%
466 207
2022-11-23
Transaction Capital
[JSE:TCP]
Robert Amoils
S
98366
ZAR 38.69
-92.9%
224 267
2022-11-23
Transaction Capital
[JSE:TCP]
Dineo Sekwele
S
53548
ZAR 38.69
-92.9%
122 085
2022-11-17
Transaction Capital
[JSE:TCP]
Albertinah Kekana
B
120000
ZAR 39.31
-92.9%
271 531
2022-06-01
Transaction Capital
[JSE:TCP]
Sean Doherty
S
80918
ZAR 43.51
-93.8%
225 905
2022-06-01
Transaction Capital
[JSE:TCP]
Robert Amoils
S
8088
ZAR 43.51
-93.8%
22 580
More information for subscribed users:
detailed calculation of
Potential and Created Value,
website traffic data

Releases

2022-06-09
Acceptance of Conditional Shares in terms of the Transaction Capital Conditional Share Plan
2022-06-08
Notice of change in beneficial interest in Transaction Capital
2022-06-02
Dealings in securities by a Director and by a Director of a Major Subsidiary of the Company
2022-05-18
Unaudited interim results and dividend declaration for the six months ended 31 March 2022
2022-05-09
Voluntary Trading Statement in respect of the six months ended 31 March 2022
2022-03-17
Notice of change in beneficial interest in Transaction Capital
2022-03-10
Results of the Annual General Meeting of Shareholders
2022-03-09
Statement by the Group Chief Executive Officer ahead of the AGM
2022-02-16
Dealings in Securities by a director
2022-02-10
GCR upgrades the long-term and short-term national and long-term international scale ratings of Transaction Capital
2022-01-18
No change statement, notice of Annual General Meeting and availability of Integrated Report
2022-01-13
Dealings in securities by a director of major subsidiaries of the company
2022-01-12
Dealings in Securities by an associate of a director
2021-12-23
Availability of B-BBEE Compliance Report
2021-12-21
Notice of change in beneficial interest in Transaction Capital
2021-12-02
Acceptance of Conditional Shares in terms of the Transaction Capital Conditional Share Plan
2021-11-26
Retirement and Appointment of Chairman and adoption of the Non-Executive Director Policy

SENS Announcements

2024-04-15
WeBuyCars Unbundling: Closing Price Of WeBuyCars Shares And Transaction Capital Shares On Record Date
2024-04-12
WeBuyCars Unbundling: Apportionment of Tax Cost and Cash Payment in respect of Fractional Entitlements
2024-04-12
Restructure of Board Committees and Changes to Executive Management
2024-04-03
Finalisation announcement in relation to the Unbundling of WeBuyCars and its separate Listing on the JSE
2024-03-22
Disposal of Nutun Australia Holdings Pty Ltd to Allegro Funds Pty Ltd
2024-03-19
Pre-Listing Capital Raise: Results of Offer to Qualifying Investors to Subscribe for and/or Purchase WBC Shares
2024-03-18
Pre-Listing Capital Raise: Opening of Offer to Qualifying Investors to subscribe for and/or purchase WBC Shares
2024-03-18
Further Voluntary Trading Update in respect of WeBuyCars for the five months ended 29 February 2024
2024-03-15
Results of the general meeting of shareholders
2024-03-12
Publication of the Pre-Listing Statement by WeBuyCars
2024-03-07
Results of the Annual General Meeting of Shareholders
2024-02-22
Global Credit Ratings downgrades the ratings and places them on Rating Watch Negative
2024-02-22
Dealings in Securities by Associates of Directors and Notice of Change in Beneficial Interest in Transaction Capital
2024-02-16
Distribution of Circular and Notice of General Meeting
2024-02-13
Voluntary Trading Update In Respect Of WeBuyCars For The Four Months Ended 31 January 2024
2024-02-13
Announcement regarding the unlocking of value for shareholders of Transaction Capital and cautionary withdrawal
2024-01-30
Cautionary announcement regarding the proposed Unbundling of WeBuyCars and its separate listing on the JSE
2024-01-30
TC001 TC002 - Interest Payment Notifications
2024-01-30
Notice of Annual General Meeting and Availability of Integrated Report
2023-12-21
Notice of the B-BBEE Annual Compliance Report
2023-12-14
Acceptance of Conditional Shares in terms of the Transaction Capital Conditional Share Plan
2023-12-06
Notice of Change in Beneficial Interest in Transaction Capital
2023-12-05
TCII - Availability of the Annual Financial Statements of the Issuer
2023-12-05
Audited results for the year ended 30 September 2023
2023-11-29
Trading Statement in respect of the full year ended 30 September 2023
2023-11-22
Notice of Change in Beneficial Interest in Transaction Capital
2023-11-10
Resignation of a Director and Member of the Audit Committee
2023-11-08
TC001 TC002 - Interest Payment Notifications
2023-10-18
Notice of Change in Beneficial Interest in Transaction Capital
2023-09-11
Trading statement and pre-close operational update in respect of the year ending 30 September 2023
2023-09-11
Notice of Change to Chief Executive Officer
2023-09-07
Update Relating to the Existing Call and Put Options Contained in the WBC Holdings Proprietary Limited Shareholders
2023-09-07
Director not standing for Re-Election at the next Annual General Meeting and Changes to Board Committee’s
2023-08-08
TC001 TC002 - Interest Payment Notifications
2023-08-04
Notice of Change in Beneficial Interest in Transaction Capital
2023-06-20
Changes to Group Executive Management
2023-06-19
Gomo concludes Funding and Operational Agreements
2023-06-15
Notification of Audit Firm rotation for the Financial Year ending 30 September 2024
2023-05-19
Dealings in securities by an Associate of a Director
2023-05-18
Dealings in securities by an Associate of a Director
2023-05-11
Dealings in securities by an Associate of a Director
2023-05-10
TC001 TC002 - Interest Payment Notifications
2023-05-10
Unaudited Interim Results For The Half Year Ended 31 March 2023
2023-03-31
Dealings in Securities by an Associate of a Director
2023-03-30
Dealings in securities by an Associate of a Director
2023-03-28
Dealings in Securities by Associates of Directors
2023-03-28
Notice of change in Beneficial Interest in Transaction Capital
2023-03-24
Dealings in Securities by an Associate of a Director
2023-03-23
Dealings in securities by Associates of Directors
2023-03-22
Dealings in securities by a Director
2023-03-22
Notice of Change in Beneficial Interest in Transaction Capital
2023-03-22
Dealings in Securities by an Associate of a Director
2023-03-20
Market Update, Further Trading Statement and notice of Investor Webinar
2023-03-16
Dealings in Securities by an Associate of a Director of a Major Subsidiary of the Company
2023-03-15
Previous Dealings in Transaction Capital Shares by an Associate of the Chief Executive Officer
2023-03-13
Pre-close update and Trading Statement in respect of the half year ending 31 March 2023
2023-03-09
Results of the Annual General Meeting of Shareholders
2023-02-24
Dealings in Securities by a Director of a Major Subsidiary of the Company
2023-02-23
Dealings in securities by a Director of a Major Subsidiary of the Company
2023-02-09
TC001 TC002 - Interest Payment Notifications
2023-02-06
TCII - Notification of an update to the Issuer’s Information Statement
2023-01-17
No Change Statement, Notice of Annual General Meeting and availability of Integrated Report
2022-12-21
Notice of the B-BBEE Annual Compliance Report
2022-12-19
Dealings in Securities by an Associate of a Director
2022-12-08
Dealings in securities by directors and by directors of major subsidiaries of the Company
2022-11-28
Acceptance of Conditional Shares in terms of the Transaction Capital Conditional Share Plan
2022-11-18
Dealings in securities by a director
2022-11-15
TCII - Availability of the Annual Financial Statements of the Issuer
2022-11-15
Audited Results and Dividend Declaration for the year ended 30 September 2022
2022-11-10
Trading Statement in respect of the full year ended 30 September 2022
2022-11-09
TC001 TC002 - Interest Payment Notifications
2022-09-21
Notice of Pre-close Investor Conference Call and Webinar
2022-09-16
Notice of change in beneficial interest in Transaction Capital
2022-09-09
Results of Accelerated Bookbuild
2022-09-08
Opening of Accelerated Bookbuild and Pre-Close Operational Update for the year ending 30 September 2022
2022-08-04
TC001 TC002 - Interest Payment Notifications
2022-06-09
Acceptance of Conditional Shares in terms of the Transaction Capital Conditional Share Plan
2022-06-08
Notice of change in beneficial interest in Transaction Capital
2022-06-02
Dealings in securities by a Director and by a Director of a Major Subsidiary of the Company
2022-05-18
Unaudited interim results and dividend declaration for the six months ended 31 March 2022
2022-05-10
TC001 TC002 - Interest Payment Notifications
2022-05-09
Voluntary Trading Statement in respect of the six months ended 31 March 2022