PBT Group (PBG) is a fledgling IT company in the general finance sector. It has operations in South Africa and Europe, having recently exited operations in the Middle East and the rest of Africa. The company operates in data analytics, data visualisation, application development, strategic consulting, the cloud, and data platforms. The company did a 10-for-1 consolidation earlier.
The group has established agreements with a number of European companies to expand its operations into Europe. Agreements have been concluded in the Netherlands and Ireland and are imminent in the UK. This is a company that will probably benefit from COVID-19 because it is involved in digitalisation and the facilitation of remote work sites.
In its results for the six months to 30th September 2023, the company reported organic revenue growth of 7.6% and headline earnings per share (HEPS) down 18.6%. The company said, "Profit after tax increased by 9.9% to R47.9 million with profit attributable to the owners increasing by 0.8% to R29.7 million. The business remains sound and continues to generate healthy cash flows. During the past 18 months, PBT Group (Australia) Proprietary Limited (PBT Australia), a wholly-owned subsidiary within the Group, underperformed compared to the rest of the Group. The company has resolved to dispose of PBT Australia."
In a trading statement for the year to 31st March 2024, the company estimated that it would make a headline loss of between 21.5c and 26.1c per share compared with a profit of 82.2c in the previous year. We suggest that since this company has been radically re-invented, you may need to allow some time for the direction of the trend to be established and for the effect of its new European operations to become apparent.
The share has been drifting down for most of 2023 and 2024 so far. You should wait for a new upward trend to emerge.
The group has established agreements with a number of European companies to expand its operations into Europe. Agreements have been concluded in the Netherlands and Ireland and are imminent in the UK. This is a company that will probably benefit from COVID-19 because it is involved in digitalisation and the facilitation of remote work sites.
In its results for the six months to 30th September 2023, the company reported organic revenue growth of 7.6% and headline earnings per share (HEPS) down 18.6%. The company said, "Profit after tax increased by 9.9% to R47.9 million with profit attributable to the owners increasing by 0.8% to R29.7 million. The business remains sound and continues to generate healthy cash flows. During the past 18 months, PBT Group (Australia) Proprietary Limited (PBT Australia), a wholly-owned subsidiary within the Group, underperformed compared to the rest of the Group. The company has resolved to dispose of PBT Australia."
In a trading statement for the year to 31st March 2024, the company estimated that it would make a headline loss of between 21.5c and 26.1c per share compared with a profit of 82.2c in the previous year. We suggest that since this company has been radically re-invented, you may need to allow some time for the direction of the trend to be established and for the effect of its new European operations to become apparent.
The share has been drifting down for most of 2023 and 2024 so far. You should wait for a new upward trend to emerge.
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