Transaction Capital (TCP) is a company which specialises in financing, repairing, insuring and selling minibus taxis in South Africa. It completely dominates the entire value chain associated with the minibus taxi industry.
The company listed in June 2012 and since then has generated an annual compound growth in earnings per share of 20% with a 33% per annum average growth in dividends. This is an almost unique performance from a JSE-listed company. The share is shaping up to be a “diagonal” share (our term for a share whose chart goes from the bottom left-hand corner of your screen to the top right-hand corner). Its share price has risen from 470c in March 2014 to its current level of 1910c today. Read More