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UEPS Net 1 UEPS

Net 1 UEPS Technologies Inc. is a South African-focused financial technology company with a presence in Africa and Asia. Net1 utilizes its proprietary banking and payment technology to distribute low-cost financial and value-added services to underserved consumers and small businesses. The Company also provides transaction processing services, including being a payment processor and bill payment platform in South Africa. Net1 leverages its strategic investments in banks, telecom and mobile payment technology companies to further expand its product offerings or to enter new markets.

Company profile

Ticker
UEPS
Exchange
Website
CEO
Herman Kotze
Employees
Location
Fiscal year end
SEC CIK
IRS number
980171860

UEPS stock data

(
)

Calendar

6 May 21
1 Aug 21
30 Jun 22
Quarter (USD)
Mar 21 Dec 20 Sep 20 Jun 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Jun 20 Jun 19 Jun 18 Jun 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

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) 226.83M 226.83M 226.83M 226.83M 226.83M 226.83M
Cash burn (monthly) 13.41M 2.82M 4.76M 6.65M 2.75M 6.5M
Cash used (since last report) 54.42M 11.44M 19.33M 26.97M 11.17M 26.39M
Cash remaining 172.41M 215.39M 207.5M 199.86M 215.66M 200.44M
Runway (months of cash) 12.9 76.4 43.6 30.1 78.4 30.8

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
2 Jul 21 Christopher G.B. Meyer Common Stock Grant Aquire A No No 0 58,652 0 234,608
2 Jul 21 Christopher G.B. Meyer Common Stock Grant Aquire A No No 0 58,652 0 175,956
1 Jul 21 Christopher G.B. Meyer Common Stock Grant Aquire A No No 0 117,304 0 117,304
5 May 21 Alexander Michael Ramsay Smith Common Stock Grant Aquire A No No 0 85,000 0 237,817
5 May 21 Lincoln Camagu Mali Common Stock Grant Aquire A No No 0 73,734 0 150,774

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

40.8% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 50 49 +2.0%
Opened positions 8 16 -50.0%
Closed positions 7 10 -30.0%
Increased positions 12 6 +100.0%
Reduced positions 19 19
13F shares
Current Prev Q Change
Total value 104.99M 93.95M +11.7%
Total shares 23.08M 22.41M +3.0%
Total puts 42.4K 32.4K +30.9%
Total calls 135.7K 64.6K +110.1%
Total put/call ratio 0.3 0.5 -37.7%
Largest owners
Shares Value Change
Value Capital Partners 11.96M $42.44M 0.0%
Rubric Capital Management 2.13M $11.94M 0.0%
Kabouter Management 1.85M $10.52M +420.0%
GS Goldman Sachs 1.49M $8.37M +5883.4%
Thompson Siegel & Walmsley 1.18M $6.63M -35.7%
Prescott Group Capital Management, L.L.C. 739.67K $4.14M -27.5%
Etf Managers 584.28K $3.33M +26.7%
IVZ Invesco 373.43K $2.09M -11.5%
D. E. Shaw & Co. 358.55K $2.01M -29.9%
Connor, Clark & Lunn Investment Management 339.75K $1.9M -18.8%
Largest transactions
Shares Bought/sold Change
Kabouter Management 1.85M +1.49M +420.0%
GS Goldman Sachs 1.49M +1.47M +5883.4%
Thompson Siegel & Walmsley 1.18M -656.57K -35.7%
MS Morgan Stanley 161.72K -339.22K -67.7%
Prescott Group Capital Management, L.L.C. 739.67K -280.53K -27.5%
Renaissance Technologies 218.38K -247.37K -53.1%
FMR 0 -217.07K EXIT
Ninety One UK 263.84K -182.48K -40.9%
D. E. Shaw & Co. 358.55K -153.01K -29.9%
Assenagon Asset Management 142.02K +142.02K NEW

Financial report summary

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Competition
AppleAT&TCitigroupMastercardFacebookVisaSquareWorldpayWirecardPayPal
Management 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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