Lesaka Technologies (LSAK)

• Market cap: $398M
• 1 day: -0.59%
• 5 days: 3.08%
• 1 month: -5.28%
• 3 months: 9.37%
• 6 months: 5.91%
• Year to date: 36.41%
• 1 year: 49.85%
• 5 years: 32.45%
• 10 years: -55.34%
• Sector: Financials
• Industry: Functions Related to Depository Banking

About: Lesaka Technologies Inc provides payment solutions, transaction processing solutions, and financial technologies. The company operates two reportable segments: Merchant and Consumer. The company operates mainly within South Africa. The Merchant segment that derives majority revenue includes activities related to the provision of goods and services provided to corporate and other juristic entities. It earns fees from processing activities performed for its customers and revenue generated from the distribution of prepaid airtime. The Consumer segment includes activities related to the provision of financial services to customers, including bank accounts, loans, and insurance products. The firm charges monthly administration fees for all bank accounts.

Employees: 2,531

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

8.2% less ownership

Funds ownership: 32.28% [Q2] → 24.08% (-8.2%) [Q3]

17% less funds holding

Funds holding: 23 [Q2] → 19 (-4) [Q3]

20% less capital invested

Capital invested by funds: $96.1M [Q2] → $76.6M (-$19.5M) [Q3]

70% less repeat investments, than reductions

Existing positions increased: 3 | Existing positions reduced: 10

100% less first-time investments, than exits

New positions opened: 0 | Existing positions closed: 4