As a network, we spend a lot of time monitoring data and trying to identify trends as they are happening. One of the trends we have noticed is increased search activity around the 4Sight Holdings share price in recent months.
Below we provide a short update on recent news relating to this listed technology company.
The share has struggled since coming to the JSE with the counter trading down 54% year to date and off over 78% over the past 12 months.
This has left the company trading on a price to earnings multiple of around 1.14 times historical earnings and a market capitalisation of R134m.
Since our May 2019 update on the 4Sight share price, there have been minor developments at the company.
These include:
- The appointment of Jason Du Plessis as Financial Director effective 1 July 2019. Du Plessis was previously the Financial Manager of the company and prior to that, he was a Financial Manager for a company called Novo Energy.
- The company hosted its Annual General Meeting which was uneventful with all resolutions being backed by the majority of shareholders with no real sticking points
As we have learnt over the last couple of years, Net Asset Value (NAV) is not necessarily a true reflection of a businesses value. We do however point out that the reported NAV of the business is 139c/share.
This suggests that at the current share price (19c/share), that the company is theoretically trading at well below its true value. Despite this seemingly steep discount, there is no evidence from directors or insiders that they are buying at these levels.
While increased search activity is not an indicator of anything material related to the share price, the below indicates the increased interest in the term “4Sight Holdings Share Price” according to Google Trends:
