The Finance Ghost: Pain for Transaction Capital and Quantum shareholders; TFG reports retail turnover growth.
In the latest innovation from Transaction Capital, you can now experience all the anxiety of being in the passenger seat of a taxi without so much as leaving the comfort of your couch. Just hold shares in the company and watch it tank by 35% in a single day.
There’s not much else to joke about in the latest set of results from Transaction Capital. Although there was a slight bounce as news came through of more buying by key insiders (in this case Sabvest Capital), about a third of the remaining value was slashed when results for the six months to March were released. In case you need a reminder, the 52-week high on this stock is R47.71 and the 52-week low is an extraordinarily bad R7.05.