Intrinsic value of Net 1 U.E.P.S. Technologies - UEPS

Previous Close

$4.87

  Intrinsic Value

$33.17

stock screener

  Rating & Target

str. buy

+581%

Previous close

$4.87

 
Intrinsic value

$33.17

 
Up/down potential

+581%

 
Rating

str. buy

We calculate the intrinsic value of UEPS stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 0001), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 0.3

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
   2
   3
   4
   5
   6
   7
   8
   9
   10
   11
   12
   13
   14
   15
   16
   17
   18
   19
   20
   21
   22
   23
   24
   25
   26
   27
   28
   29
   30
   31

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  10.00
  9.50
  9.05
  8.64
  8.28
  7.95
  7.66
  7.39
  7.15
  6.94
  6.74
  6.57
  6.41
  6.27
  6.14
  6.03
  5.93
  5.83
  5.75
  5.68
  5.61
  5.55
  5.49
  5.44
  5.40
  5.36
  5.32
  5.29
  5.26
  5.24
Revenue, $m
  671
  735
  801
  871
  943
  1,018
  1,096
  1,177
  1,261
  1,348
  1,439
  1,534
  1,632
  1,734
  1,841
  1,952
  2,068
  2,188
  2,314
  2,445
  2,582
  2,726
  2,875
  3,032
  3,196
  3,367
  3,546
  3,734
  3,930
  4,136
Variable operating expenses, $m
  539
  588
  640
  693
  748
  806
  866
  928
  993
  1,060
  1,108
  1,180
  1,256
  1,335
  1,417
  1,502
  1,591
  1,684
  1,781
  1,882
  1,988
  2,098
  2,213
  2,334
  2,460
  2,591
  2,729
  2,874
  3,025
  3,183
Fixed operating expenses, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total operating expenses, $m
  539
  588
  640
  693
  748
  806
  866
  928
  993
  1,060
  1,108
  1,180
  1,256
  1,335
  1,417
  1,502
  1,591
  1,684
  1,781
  1,882
  1,988
  2,098
  2,213
  2,334
  2,460
  2,591
  2,729
  2,874
  3,025
  3,183
Operating income, $m
  132
  146
  162
  178
  194
  212
  230
  248
  268
  288
  331
  353
  376
  399
  424
  450
  476
  504
  533
  563
  595
  628
  662
  698
  736
  775
  817
  860
  905
  953
EBITDA, $m
  181
  199
  217
  235
  255
  275
  296
  318
  341
  364
  389
  415
  441
  469
  498
  528
  559
  591
  625
  661
  698
  737
  777
  820
  864
  910
  959
  1,009
  1,062
  1,118
Interest expense (income), $m
  4
  3
  10
  17
  25
  33
  41
  50
  59
  68
  77
  87
  98
  109
  120
  132
  144
  157
  170
  184
  198
  213
  229
  246
  263
  281
  300
  319
  340
  361
  384
Earnings before tax, $m
  129
  137
  145
  153
  162
  171
  180
  190
  200
  210
  244
  255
  267
  279
  292
  305
  319
  334
  349
  365
  381
  399
  417
  435
  455
  476
  497
  520
  544
  569
Tax expense, $m
  35
  37
  39
  41
  44
  46
  49
  51
  54
  57
  66
  69
  72
  75
  79
  82
  86
  90
  94
  98
  103
  108
  112
  118
  123
  128
  134
  140
  147
  154
Net income, $m
  94
  100
  106
  112
  118
  125
  131
  138
  146
  153
  178
  186
  195
  204
  213
  223
  233
  244
  255
  266
  278
  291
  304
  318
  332
  347
  363
  380
  397
  415

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  1,598
  1,750
  1,908
  2,073
  2,245
  2,423
  2,609
  2,801
  3,002
  3,210
  3,426
  3,651
  3,886
  4,129
  4,383
  4,647
  4,923
  5,210
  5,509
  5,822
  6,149
  6,490
  6,846
  7,219
  7,608
  8,016
  8,443
  8,890
  9,357
  9,847
Adjusted assets (=assets-cash), $m
  1,598
  1,750
  1,908
  2,073
  2,245
  2,423
  2,609
  2,801
  3,002
  3,210
  3,426
  3,651
  3,886
  4,129
  4,383
  4,647
  4,923
  5,210
  5,509
  5,822
  6,149
  6,490
  6,846
  7,219
  7,608
  8,016
  8,443
  8,890
  9,357
  9,847
Revenue / Adjusted assets
  0.420
  0.420
  0.420
  0.420
  0.420
  0.420
  0.420
  0.420
  0.420
  0.420
  0.420
  0.420
  0.420
  0.420
  0.420
  0.420
  0.420
  0.420
  0.420
  0.420
  0.420
  0.420
  0.420
  0.420
  0.420
  0.420
  0.420
  0.420
  0.420
  0.420
Average production assets, $m
  177
  194
  212
  230
  249
  269
  289
  311
  333
  356
  380
  405
  431
  458
  486
  515
  546
  578
  611
  646
  682
  720
  759
  800
  844
  889
  936
  986
  1,038
  1,092
Working capital, $m
  167
  183
  200
  217
  235
  253
  273
  293
  314
  336
  358
  382
  406
  432
  458
  486
  515
  545
  576
  609
  643
  679
  716
  755
  796
  838
  883
  930
  979
  1,030
Total debt, $m
  119
  208
  301
  398
  499
  604
  713
  827
  945
  1,067
  1,194
  1,327
  1,464
  1,608
  1,757
  1,912
  2,074
  2,243
  2,419
  2,603
  2,795
  2,996
  3,205
  3,424
  3,653
  3,893
  4,144
  4,407
  4,682
  4,970
Total liabilities, $m
  940
  1,029
  1,122
  1,219
  1,320
  1,425
  1,534
  1,647
  1,765
  1,887
  2,015
  2,147
  2,285
  2,428
  2,577
  2,733
  2,895
  3,063
  3,240
  3,423
  3,615
  3,816
  4,026
  4,245
  4,474
  4,714
  4,964
  5,227
  5,502
  5,790
Total equity, $m
  658
  721
  786
  854
  925
  998
  1,075
  1,154
  1,237
  1,322
  1,412
  1,504
  1,601
  1,701
  1,806
  1,915
  2,028
  2,146
  2,270
  2,399
  2,533
  2,674
  2,821
  2,974
  3,135
  3,303
  3,478
  3,663
  3,855
  4,057
Total liabilities and equity, $m
  1,598
  1,750
  1,908
  2,073
  2,245
  2,423
  2,609
  2,801
  3,002
  3,209
  3,427
  3,651
  3,886
  4,129
  4,383
  4,648
  4,923
  5,209
  5,510
  5,822
  6,148
  6,490
  6,847
  7,219
  7,609
  8,017
  8,442
  8,890
  9,357
  9,847
Debt-to-equity ratio
  0.180
  0.290
  0.380
  0.470
  0.540
  0.610
  0.660
  0.720
  0.760
  0.810
  0.850
  0.880
  0.910
  0.940
  0.970
  1.000
  1.020
  1.040
  1.070
  1.090
  1.100
  1.120
  1.140
  1.150
  1.170
  1.180
  1.190
  1.200
  1.210
  1.220
Adjusted equity ratio
  0.412
  0.412
  0.412
  0.412
  0.412
  0.412
  0.412
  0.412
  0.412
  0.412
  0.412
  0.412
  0.412
  0.412
  0.412
  0.412
  0.412
  0.412
  0.412
  0.412
  0.412
  0.412
  0.412
  0.412
  0.412
  0.412
  0.412
  0.412
  0.412
  0.412

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  94
  100
  106
  112
  118
  125
  131
  138
  146
  153
  178
  186
  195
  204
  213
  223
  233
  244
  255
  266
  278
  291
  304
  318
  332
  347
  363
  380
  397
  415
Depreciation, amort., depletion, $m
  50
  52
  55
  58
  60
  63
  67
  70
  73
  77
  58
  61
  65
  69
  74
  78
  83
  88
  93
  98
  103
  109
  115
  121
  128
  135
  142
  149
  157
  165
Funds from operations, $m
  144
  152
  160
  169
  178
  188
  198
  208
  219
  230
  236
  248
  260
  273
  287
  301
  316
  331
  347
  364
  382
  400
  419
  439
  460
  482
  505
  529
  554
  581
Change in working capital, $m
  15
  16
  17
  17
  18
  19
  19
  20
  21
  22
  23
  24
  24
  25
  27
  28
  29
  30
  31
  33
  34
  36
  37
  39
  41
  43
  45
  47
  49
  51
Cash from operations, $m
  129
  136
  144
  152
  161
  169
  179
  188
  198
  208
  213
  224
  236
  248
  260
  273
  287
  301
  316
  331
  348
  364
  382
  400
  419
  439
  460
  482
  505
  529
Maintenance CAPEX, $m
  -24
  -27
  -29
  -32
  -35
  -38
  -41
  -44
  -47
  -50
  -54
  -58
  -61
  -65
  -69
  -74
  -78
  -83
  -88
  -93
  -98
  -103
  -109
  -115
  -121
  -128
  -135
  -142
  -149
  -157
New CAPEX, $m
  -16
  -17
  -18
  -18
  -19
  -20
  -21
  -21
  -22
  -23
  -24
  -25
  -26
  -27
  -28
  -29
  -31
  -32
  -33
  -35
  -36
  -38
  -40
  -41
  -43
  -45
  -47
  -50
  -52
  -54
Cash from investing activities, $m
  -40
  -44
  -47
  -50
  -54
  -58
  -62
  -65
  -69
  -73
  -78
  -83
  -87
  -92
  -97
  -103
  -109
  -115
  -121
  -128
  -134
  -141
  -149
  -156
  -164
  -173
  -182
  -192
  -201
  -211
Free cash flow, $m
  88
  92
  97
  102
  107
  112
  117
  123
  129
  135
  135
  142
  148
  156
  163
  170
  178
  187
  195
  204
  213
  223
  233
  244
  255
  266
  278
  291
  304
  318
Issuance/(repayment) of debt, $m
  86
  89
  93
  97
  101
  105
  109
  113
  118
  122
  127
  132
  138
  143
  149
  155
  162
  169
  176
  184
  192
  201
  210
  219
  229
  240
  251
  263
  275
  288
Issuance/(repurchase) of shares, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  86
  89
  93
  97
  101
  105
  109
  113
  118
  122
  127
  132
  138
  143
  149
  155
  162
  169
  176
  184
  192
  201
  210
  219
  229
  240
  251
  263
  275
  288
Total cash flow (excl. dividends), $m
  175
  182
  190
  199
  208
  217
  226
  236
  247
  257
  262
  274
  286
  299
  312
  326
  340
  356
  371
  388
  405
  424
  443
  463
  484
  506
  529
  554
  579
  606
Retained Cash Flow (-), $m
  -61
  -63
  -65
  -68
  -71
  -74
  -76
  -79
  -83
  -86
  -89
  -93
  -96
  -100
  -105
  -109
  -113
  -118
  -123
  -129
  -135
  -141
  -147
  -154
  -161
  -168
  -176
  -184
  -193
  -202
Prev. year cash balance distribution, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
  114
  119
  125
  131
  137
  143
  150
  157
  164
  172
  173
  181
  190
  198
  208
  217
  227
  237
  248
  259
  271
  283
  296
  309
  323
  338
  353
  370
  386
  404
Discount rate, %
  4.30
  4.52
  4.74
  4.98
  5.23
  5.49
  5.76
  6.05
  6.35
  6.67
  7.00
  7.35
  7.72
  8.11
  8.51
  8.94
  9.39
  9.86
  10.35
  10.87
  11.41
  11.98
  12.58
  13.21
  13.87
  14.56
  15.29
  16.05
  16.86
  17.70
PV of cash for distribution, $m
  109
  109
  109
  108
  106
  104
  101
  98
  94
  90
  82
  77
  72
  67
  61
  55
  49
  44
  38
  33
  28
  23
  19
  16
  13
  10
  8
  6
  4
  3
Current shareholders' claim on cash, %
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0

Net 1 UEPS Technologies, Inc. is a provider of payment solutions, transaction processing services and financial technology across multiple industries. The Company develops and markets a transaction processing solution that encompasses its smart card-based alternative payment system for the unbanked and under-banked populations of developing economies and for mobile transaction channels. The Company operates through three segments: South African transaction processing, International transaction processing, and Financial inclusion and applied technologies. The Company also provides secure transaction technology solutions and services, by offering transaction processing, financial and clinical risk management solutions to various industries. It offers secure online transaction processing, cryptography, mobile telephony, integrated circuit card (chip/smart card) technologies, and the design and provision of financial and value-added services to its cardholder base.

FINANCIAL RATIOS  of  Net 1 U.E.P.S. Technologies (UEPS)

Valuation Ratios
P/E Ratio 3.8
Price to Sales 0.5
Price to Book 0.4
Price to Tangible Book
Price to Cash Flow 2.8
Price to Free Cash Flow 3.2
Growth Rates
Sales Growth Rate 3.2%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate -69.4%
Cap. Spend. - 3 Yr. Gr. Rate -14.4%
Financial Strength
Quick Ratio 10
Current Ratio 0.9
LT Debt to Equity 1%
Total Debt to Equity 4.7%
Interest Coverage 30
Management Effectiveness
Return On Assets 5.6%
Ret/ On Assets - 3 Yr. Avg. 6.5%
Return On Total Capital 10.5%
Ret/ On T. Cap. - 3 Yr. Avg. 14.1%
Return On Equity 11.2%
Return On Equity - 3 Yr. Avg. 15.7%
Asset Turnover 0.4
Profitability Ratios
Gross Margin 52.1%
Gross Margin - 3 Yr. Avg. 51.8%
EBITDA Margin 26.1%
EBITDA Margin - 3 Yr. Avg. 28.1%
Operating Margin 15.9%
Oper. Margin - 3 Yr. Avg. 18.7%
Pre-Tax Margin 18.7%
Pre-Tax Margin - 3 Yr. Avg. 20.8%
Net Profit Margin 12%
Net Profit Margin - 3 Yr. Avg. 13.7%
Effective Tax Rate 36.8%
Eff/ Tax Rate - 3 Yr. Avg. 33.9%
Payout Ratio 0%

UEPS stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the UEPS stock intrinsic value calculation we used $610.066 million for the last fiscal year's total revenue generated by Net 1 U.E.P.S. Technologies. The default revenue input number comes from 0001 income statement of Net 1 U.E.P.S. Technologies. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our UEPS stock valuation model: a) initial revenue growth rate of 10% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 4.3%, whose default value for UEPS is calculated based on our internal credit rating of Net 1 U.E.P.S. Technologies, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of Net 1 U.E.P.S. Technologies.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of UEPS stock the variable cost ratio is equal to 80.7%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $0 million in the base year in the intrinsic value calculation for UEPS stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 8.2% for Net 1 U.E.P.S. Technologies.

Corporate tax rate of 27% is the nominal tax rate for Net 1 U.E.P.S. Technologies. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the UEPS stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for UEPS are equal to 26.4%.

Life of production assets of 6.6 years is the average useful life of capital assets used in Net 1 U.E.P.S. Technologies operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for UEPS is equal to 24.9%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $597.569 million for Net 1 U.E.P.S. Technologies - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 52.529 million for Net 1 U.E.P.S. Technologies is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of Net 1 U.E.P.S. Technologies at the current share price and the inputted number of shares is $0.3 billion.

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COMPANY NEWS

▶ Net 1 UEPS: Fiscal 1Q Earnings Snapshot   [05:07AM  Associated Press]
▶ Net1 to Participate at Sidoti Fall 2018 Conference   [Sep-21-18 09:15AM  GlobeNewswire]
▶ Net1 appoints Ekta Singh-Bushell to its board of directors   [Sep-18-18 04:05PM  GlobeNewswire]
▶ Why Shares of Net 1 UEPS Technologies Inc. Tumbled Today   [Aug-30-18 12:22PM  Motley Fool]
▶ Net 1 UEPS: Fiscal 4Q Earnings Snapshot   [Aug-29-18 04:32PM  Associated Press]
▶ May Top Cheap Stock To Invest In   [May-15-18 10:02AM  Simply Wall St.]
▶ Why Net1 UEPS Technologies Inc. Stock Popped Today   [May-11-18 05:51PM  Motley Fool]
▶ Net 1 UEPS: Fiscal 3Q Earnings Snapshot   [May-10-18 07:39PM  Associated Press]
▶ Best NYSE Undervalued Companies   [Mar-06-18 09:02AM  Simply Wall St.]
▶ Weekly CFO Buys Highlight   [Feb-22-18 04:01PM  GuruFocus.com]
▶ Net 1 UEPS posts 2Q profit   [Feb-08-18 06:52PM  Associated Press]
▶ Bitcoin-Related Stocks Soar After Futures Debut   [Dec-12-17 11:05AM  Investopedia]
▶ South African Post Office Takes Over Welfare Payments   [Dec-10-17 05:55AM  Bloomberg]
▶ Net1 to Host Investor Day   [Nov-28-17 09:00AM  Marketwired]
▶ Attention Traders: Blockchainpalooza Continues   [Nov-24-17 02:47PM  Benzinga]
▶ Net 1 UEPS posts 1Q profit   [Nov-09-17 05:12PM  Associated Press]
▶ Flavor Of The Month: Net 1 UEPS Technologies And More   [Nov-04-17 09:02AM  Simply Wall St.]
▶ New Strong Sell Stocks for October 6th   [Oct-06-17 09:17AM  Zacks]
▶ Net 1 UEPS posts 4Q profit   [Aug-24-17 09:37PM  Associated Press]
▶ Net1 Concludes Investments in Cell C and DNI   [Aug-07-17 07:45AM  Marketwired]
▶ Top Ranked Value Stocks to Buy for June 20th   [Jun-20-17 10:37AM  Zacks]

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