Our opinion on the current state of SNV

Santova (SNV) is an international logistics company with 19 offices in 7 countries. The company designs, implements, coordinates, controls and monitors international supply chain activities. Through a virtual client-centric information system the company facilitates inventory management to provide far more than simple tracking and tracing services. The company has offices in the East in Thailand, Vietnam and Malaysia and in Europe in Germany, the Netherlands and the UK and in major cities in South Africa. It also has offices in Mauritius and Sydney, Australia. In its results for the year to 28th February 2023 the company reported revenue up 7,9% and headline earings per share (HEPS) up up 22,1%. The company said, "The Group continued to buy back its own shares, having purchased 6,1 million shares on the open market at an average price of 773 CPS". In a trading statement for the six months to 31st August 2023 the company estimated that HEPS would fall by between 20,9% and 25,9%. Technically, the share has been in a steady upward trend since May 2020. It is now trading back down at 761c per share after a surge to 980c between May and August 2023. The share is fairly well-traded making it practical for private investors and it should benefit from any improvement in the SA and UK economies.