The badly researched report on Capitec by Viceroy has left the share trading at a significant discount. Following its immensely successful criticism of Steinhof, Viceroy’s report on Capitec was underwhelming to say the least.
Capitec’s CEO and many analysts have come out in strong support of the share – saying there is nothing wrong with its business model or its management of its delinquent loan book. It is also supported by both PSG and the Reserve bank. Nonetheless, the share price continues to wallow at a 25% discount to its peak of R1097 per share made on 29-12-17. Read More