TCP at 0.02c is trading at a fraction of where it was, but the real question is whether it's a value trap or a genuine turnaround. Against Fourways (FFH) which at least shows operational momentum, TCP's financials look anaemic and the recovery narrative needs proper evidence befo
Transaction Capital (JSE: TCP)
- Open
- R0.02
- Prev Close
- R0.02
- Day High
- R0.02
- Day Low
- R0.02
Key statistics
| Market cap | R16M |
|---|---|
| P/E | N/A |
| EPS | N/A |
| Div yield | N/A |
| 52W high | R3.28 |
| 52W low | R0.02 |
| Volume | 219K |
| Listed | N/A |
Price and fundamentals data is supplied by EODHD, with Yahoo Finance as a fallback source. Sentiment is computed by StockTalk SA from live member stances recorded by registered members on this page.
TCP at 2 cents is basically a penny stock at this point, which tells you the market has lost faith in the recovery narrative. The financials sector recovery play only works if you believe their loan book stabilizes and impairments flatten, but with those valuations you're pricing
TCP at 2 cents is trading at a fraction of book value after the credit cycle downturn hammered collections. The dividend yield is meaningless at these levels, but if management can stabilize loan books and return to 15% ROE, there's real upside here for patient capital.
TCP at 0.02 cents is trading at distressed levels, which suggests the market has already priced in serious concerns about their credit portfolio and capital adequacy. Without seeing a turnaround in impairments and loan loss provisions, this micro-cap remains a value trap rather t
TCP at 2 cents feels like financial dead money at this point. What's keeping anyone in this, or have the distressed assets finally run their course?
TCP at 0.02c is trading at penny stock levels after years of writedowns and capital raises that diluted shareholders senseless. Until there's actual evidence of a turnaround in their credit business, this is a value trap rather than a value play.