UEPS Net 1 UEPS

Net 1 UEPS Technologies, Inc. engages in the provision of financial technology, products and services to unbanked and underbanked individuals and small businesses in South Africa and other emerging economies. It operates through the following segments: South African Transaction Processing, International Transaction Processing, and Financial Inclusion and Applied Technologies. The South African Transaction Processing segment consists of a welfare benefit distribution service provided to the South African government and transaction processing for retailers, utilities, medical-related claim service customers, and banks. The International Transaction Processing segment offers payment processing services and to a lesser extent from the sale of goods, primarily point of sale terminals, to customers in Korea. The Financial Inclusion and Applied Technologies segment comprises of short-term loans as a principal and life insurance products on an agency basis and generates initiation and services fees. The company was founded by Serge Christian Pierre Belamant in 1989 and is headquartered in Johannesburg, South Africa.
Company profile
Ticker
UEPS
Exchange
Website
CEO
Herman Kotze
Employees
Location
Fiscal year end
Industry (SIC)
Euronet Worldwide • Usio ...
SEC CIK
Corporate docs
IRS number
980171860
UEPS stock data
()
News
Enveric Biosciences Announces $12.8M Offering Of ~3M Shares At $4.27/Share
9 Feb 21
Net1 Names Lincoln Mali As Southern African CEO
9 Feb 21
101 Biggest Movers From Friday
8 Feb 21
12 Information Technology Stocks Moving In Friday's Intraday Session
5 Feb 21
66 Stocks Moving In Friday's Mid-Day Session
5 Feb 21
Calendar
4 Feb 21
8 Mar 21
30 Jun 21
Financial summary
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Dec 20 | Sep 20 | Jun 20 | Mar 20 | |
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Jun 20 | Jun 19 | Jun 18 | Jun 17 | |
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Financial data from Net 1 UEPS earnings reports.
Cash burn rate (estimated) | Burn method: Change in cash | Burn method: Operating income/loss | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 267.05M | 267.05M | 267.05M | 267.05M | 267.05M | 267.05M |
Cash burn (monthly) | (positive/no burn) | (positive/no burn) | 5.07M | 6.75M | 3.99M | 6.17M |
Cash used (since last report) | n/a | n/a | 11.49M | 15.3M | 9.05M | 13.98M |
Cash remaining | n/a | n/a | 255.56M | 251.75M | 258M | 253.08M |
Runway (months of cash) | n/a | n/a | 50.4 | 37.3 | 64.6 | 41.0 |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
11 Feb 21 | Antony C Ball | Common stock | Buy | Aquire P | Yes | No | 4.99 | 30,291 | 151.15K | 12,265,154 |
11 Feb 21 | Value Capital Partners | Common stock | Buy | Aquire P | Yes | No | 4.99 | 30,291 | 151.15K | 12,265,154 |
11 Feb 21 | Monde Nkosi | Common stock | Buy | Aquire P | Yes | No | 4.99 | 30,291 | 151.15K | 12,265,154 |
10 Feb 21 | Jabulane Albert Mabuza | Common Stock | Buy | Aquire P | No | No | 4.88 | 9,859 | 48.11K | 79,303 |
18 Dec 20 | Value Capital Partners | Common stock | Buy | Aquire P | Yes | No | 3.97 | 279,728 | 1.11M | 12,234,863 |
Institutional ownership Q1 2021
26.7% owned by funds/institutions
13F holders |
Current |
---|---|
Total holders | 3 |
Opened positions | 0 |
Closed positions | 0 |
Increased positions | 0 |
Reduced positions | 0 |
13F shares |
Current |
---|---|
Total value | 57.95M |
Total shares | 15.11M |
Total puts | 0 |
Total calls | 0 |
Total put/call ratio | – |
Largest owners |
Shares | Value |
---|---|---|
Value Capital Partners | 11.96M | $42.44M |
Rubric Capital Management | 2.13M | $10.49M |
Prescott Group Capital Management, L.L.C. | 1.02M | $5.02M |
Financial report summary
?Competition
Apple • AT&T • Citigroup • Mastercard • Facebook • Visa • Square • Worldpay • Wirecard • PayPalManagement Discussion
- On March 11, 2020, the World Health Organization declared COVID-19 a pandemic. Our operations were impacted by government-imposed restrictions to contain the spread of the COVID-19 pandemic. Specifically, on March 27, 2020, the South African government imposed certain emergency measures to combat the spread of COVID-19, including implementation of travel bans and closures of factories, schools, public buildings, and businesses. Our businesses outside South Africa have also been affected and these operations and their employees are also complying with similar restrictions.
- The restrictions limited movement of our customers and employees and governed the access that we and our customers and business partners have to our corporate head office and operating branches and offices. A number of our South African businesses were classified as essential services and therefore we were able to operate these businesses, including our EasyPay payment processing and value-added services operations, the operation of bank accounts and our national ATM network.
- However, we were required to suspend our South African lending and other financial services activities to the extent that they operate through branches, and therefore we were prohibited from marketing and selling loans and other financial products on a face-to-face basis from the end of March 2020 to the end of May 2020. During April 2020, we developed a system to grant loans to repeat customers using mobile phone-based USSD strings, and this was launched through targeted SMS marketing in early May 2020. Collections of amounts due from existing loans have been largely unaffected by the COVID-19 pandemic and government-imposed restrictions. We continue to monitor the recoverability of our lending book and have considered the impact of COVID-19 on the collectability of the outstanding balance as of June 30, 2020, and determined that an increase in the allowance for doubtful finance loans receivable specifically related to the COVID-19 pandemic was not required. We have made this determination because we currently do not expect the pandemic to significantly impact our customer base's ability to repay amounts due over the next five months, which is the remaining term on the loans.
Content analysis
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H.S. sophomore Avg
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New words:
aided, alert, bankruptcy, build, ceased, Centurion, column, confluence, County, Crude, deposit, eased, effort, entry, evident, festive, gradually, incorrectly, Jupiter, KFS, linked, lodged, misinterpretation, modest, mortality, motor, Northern, opposite, orderly, overstatement, passed, PCT, Permian, Petition, PG, proceed, provisional, quality, Regrettably, robust, tighter, Transport, trial, unclear, undue, withdrew
Removed:
appeal, comprise, demand, ending, exercised, expiration, intend, launched, liquidate, recently, SASSA, scheduled, subsequently
Financial reports
10-Q
2021 Q2
Quarterly report
4 Feb 21
10-Q
2021 Q1
Quarterly report
5 Nov 20
10-K
2020 FY
Annual report
10 Sep 20
10-Q
2020 Q3
Quarterly report
26 May 20
10-Q
2020 Q2
Quarterly report
10 Feb 20
10-Q
2020 Q1
Quarterly report
7 Nov 19
10-K
2019 FY
Annual report
25 Oct 19
NT 10-K
Notice of late annual filing
13 Sep 19
10-Q
2019 Q3
Quarterly report
9 May 19
10-Q
2019 Q2
Quarterly report
7 Feb 19
Current reports
8-K
Net1 appoints Lincoln Mali as Southern African CEO
11 Feb 21
8-K
Completion of Acquisition or Disposition of Assets
9 Feb 21
8-K
Net 1 Reports Second Quarter 2021 Results
4 Feb 21
8-K
Entry into a Material Definitive Agreement
10 Dec 20
8-K
Net 1 Appoints Two New Directors to its Board
4 Dec 20
8-K
Departure of Directors or Certain Officers
17 Nov 20
8-K
Submission of Matters to a Vote of Security Holders
12 Nov 20
8-K
Net 1 Reports First Quarter 2021 Results
5 Nov 20
8-K
Departure of Directors or Certain Officers
3 Nov 20
8-K
Net 1 Reports Fourth Quarter and Year End 2020 Results
10 Sep 20
Registration and prospectus
S-3
Shelf registration
7 Dec 18
424B3
Prospectus supplement
2 Oct 17
424B5
Prospectus supplement for primary offering
16 Feb 17
424B5
Prospectus supplement for primary offering
5 Oct 16
S-3
Shelf registration
9 Jun 16
S-8
Registration of securities for employees
2 Dec 15
S-3/A
Shelf registration (amended)
30 Nov 15
S-3
Shelf registration
16 Nov 15
424B5
Prospectus supplement for primary offering
10 Dec 13
S-3/A
Shelf registration (amended)
22 Mar 12
Proxies
DEF 14A
Definitive proxy
2 Oct 20
DEF 14A
Definitive proxy
25 Oct 19
DEF 14A
Definitive proxy
4 Oct 18
DEF 14A
Definitive proxy
28 Sep 17
DEF 14A
Definitive proxy
29 Sep 16
DEF 14A
Definitive proxy
1 Oct 15
DEF 14A
Definitive proxy
9 Oct 14
DEFA14A
Additional proxy soliciting materials
9 Oct 14
DEF 14A
Definitive proxy
16 Oct 13
DEF 14A
Definitive proxy
2 Oct 12
Other
EFFECT
Notice of effectiveness
17 Dec 18
EFFECT
Notice of effectiveness
23 Jun 16
CORRESP
Correspondence with SEC
21 Jun 16
UPLOAD
Letter from SEC
16 Jun 16
UPLOAD
Letter from SEC
22 May 16
CORRESP
Correspondence with SEC
12 May 16
CORRESP
Correspondence with SEC
8 May 16
CORRESP
Correspondence with SEC
14 Apr 16
UPLOAD
Letter from SEC
6 Apr 16
EFFECT
Notice of effectiveness
7 Dec 15
Ownership
4
NET 1 UEPS / Monde Nkosi ownership change
17 Feb 21
4
Change in insider ownership
17 Feb 21
4
NET 1 UEPS / Antony C Ball ownership change
17 Feb 21
SC 13G/A
NET 1 UEPS / Rubric Capital Management ownership change
16 Feb 21
4
NET 1 UEPS / Jabulane Albert Mabuza ownership change
12 Feb 21
SC 13G/A
NET 1 UEPS / PRESCOTT GROUP CAPITAL MANAGEMENT, L.L.C. ownership change
21 Jan 21
4
NET 1 UEPS / Monde Nkosi ownership change
22 Dec 20
4
NET 1 UEPS / Antony C Ball ownership change
22 Dec 20
4
Change in insider ownership
22 Dec 20
SC 13D/A
NET 1 UEPS / Value Capital Partners ownership change
22 Dec 20
Transcripts
2021 Q2
Earnings call transcript
5 Feb 21
2021 Q1
Earnings call transcript
7 Nov 20
2020 Q4
Earnings call transcript
11 Sep 20
2020 Q3
Earnings call transcript
27 May 20
2020 Q2
Earnings call transcript
7 Feb 20
2020 Q1
Earnings call transcript
8 Nov 19
2019 Q4
Earnings call transcript
27 Sep 19
2019 Q3
Earnings call transcript
11 May 19
2019 Q2
Earnings call transcript
8 Feb 19
2019 Q1
Earnings call transcript
9 Nov 18