Transaction Capital (TCP) is a diversified company that operates three divisions: minibus taxis, risk services, and holds a 75% stake in WeBuyCars (WBC). Its subsidiary, SA Taxi, dominates the value chain of the minibus taxi industry in South Africa, handling financing, repairs, insurance, and sales. Since its listing in June 2012, TCP experienced a significant...
Transaction Capital (TCP) is a company which has three divisions - minibus taxis, risk services, and 75% of WeBuyCars (WBC). Its subsidiary, SA Taxi, specialises in financing, repairing, insuring and selling minibus taxis in South Africa. It completely dominates the entire value chain associated with the minibus taxi industry. The company listed in June 2012 and...
Two formations occured with TCP.
The first one was a W Formation which broke above the neckline and headed to the target 1 of R6.88.
The second, was yet another W Formation which the price broke above the neckline. And it was considered in the HIgh Probability trading range as the price was above both 20MA and 200MA for the first time in a long time.
SInce...
Transaction Capital has been the come back duck since October.
It's reached the first target of R6.88 in December. It then moved in a consolidation sideways pattern that formed a W Pattern.
Since it broke above the neckline, the momentum has been on fire.
This is just an update that the price is on its way to the next target at R11.53.
UPDATE:
Transaction...
TCP JSE Transaction Capital
Fibonacci Study for a possible recovery
to R13.70 with a 90% upside potential.
Will need 2-3 good reporting periods to
regain market confidence.
Can they fix this once market darling?
When will get in?
Or just stay away for now.
All comments welcome, did I get this wrong?
Regards Graham.
Transaction Capital (TCP) is a distinguished player in South Africa's financial sector with its three main divisions: minibus taxis, risk services, and a 75% stake in WeBuyCars. Its subsidiary, SA Taxi, leads in financing, insuring, and selling minibus taxis, effectively monopolizing the minibus taxi industry's value chain. Since its listing in June 2012, TCP...
Transaction Capital (TCP) operates through three distinct divisions: minibus taxis, risk services, and a 75% ownership stake in WeBuyCars. One of its key subsidiaries, SA Taxi, specializes in financing, repairing, insuring, and selling minibus taxis in South Africa, effectively dominating the entire value chain associated with this industry. The company went...
Transaction Capital (TCP) is a company which has three divisions - minibus taxis, risk services, and 75% of WeBuyCars. Its subsidiary, SA Taxi, specialises in financing, repairing, insuring and selling minibus taxis in South Africa. It completely dominates the entire value chain associated with the minibus taxi industry. The company listed in June 2012 and since...
Transaction Capital (TCP) is a company which has three divisions - minibus taxis, risk services, and 75% of WeBuyCars. Its subsidiary, SA Taxi, specialises in financing, repairing, insuring and selling minibus taxis in South Africa. It completely dominates the entire value chain associated with the minibus taxi industry. The company listed in June 2012 and since...
After a difficult year, Transaction Capital finally hit the support at R4.00.
SInce then, the buying and demand has picked up greatly.
This lead to the first target being hit at R6.88. With the continuous upside momentum, we will most likely see the price head next to R11.50.
It's a long recovery for the company, but with new management in place and demand...
Since the last update, Transaction Capital made a breakaway gap.
It then reached and tested the supports and bottoms at R4.06.
Once it tested, it formed a Rounding Bottom and was shown to be buying from Smart Money.
This sent the price flying up to close the gap and to the first target of R6.88.
With the gap closed, we can now see a new formation (Rounding...
Transaction Capital has had a tough year.
Between the CEO stepping down and with the market being in free fall.
In September the price made a Breakway way, this signalled more selling and supply to bring down the price.
Now we have seen a slight recovery pattern (Cup and Handle). This shows that the price is going to head up to fill the gap at around R6.88....
Transaction Capital (TCP) is a company which has three divisions - minibus taxis, risk services, and WeBuyCars. It specialises in financing, repairing, insuring and selling minibus taxis in South Africa. It completely dominates the entire value chain associated with the minibus taxi industry. The company listed in June 2012 and since then and until 2023, the...
Transaction Capital (TCP) is a company which has three divisions - minibus taxis, risk services, and WeBuyCars. It specialises in financing, repairing, insuring and selling minibus taxis in South Africa. It completely dominates the entire value chain associated with the minibus taxi industry. The company listed in June 2012 and since then and until 2023, the...
Transaction Capital (TCP) is a company which has three divisions - minibus taxis, risk services, and WeBuyCars. It specialises in financing, repairing, insuring and selling minibus taxis in South Africa. It completely dominates the entire value chain associated with the minibus taxi industry. The company listed in June 2012 and since then and until 2023, the...
JSE:TCP is proof that the market will do what the market wants to do. The stock tumbled from its highs of R52.50 in April 2022 after a beautiful rally that started in March 2020 from the lows of R8.96.
Looking at the current price action after a huge sell off, the stock found support at R5.45 and began making an ascending triangle with resistance at R7.16. This...
Since the last update, TCP has been making higher lows - but on a very slow inclination basis.
Nevertheless, as long as the lows hold we can hopefully get some buying into the company.
The models are strong, the strategy is good and the competition is low. It's sad to see it fall like this.
Box Formation has formed on TCP.
We are still seeing low liquidity and low volume of trades as I believe the bulls have been scared out of their position.
However, we are seeing potential signs of a bottom as there could be more buying to push the price up.
Other indicators show including:
200> 7=21
RSI>50 higher lows
Target one will be to the top of the...
