12 July 2018 – So we can carry on writing our “prolific” research reports, here is Viceroy Research’s comment on the Intellidex report: PDF Download Link Intellidex <> Viceroy Correspondence
It is our belief that Capitec management have continued to mislead investors since our previous correspondence with the company. End-of-financial-year announcements in 2018 are reflective deteriorating business conditions and corroborate the continuity of several intentionally misleading accounting practices we have reported in the past. We
A perfect example of why Viceroy don’t “engage with management” – they don’t answer our questions. PDF Download Link Viceroy issued an open letter to Capitec’s board of directors on 20 February 2018, responding to their invitation to engage with management and field our questions.
Capitec has opened an invitation to address Viceroy’s questions. We believe our reports have clearly conveyed our concerns with Capitec, but have happily condensed our research into questions. Letter to Capitec – PDF Download Link We look forward to Capitec’s response.
On January 30, 2018 Viceroy Research released our report on Capitec (JSE:CPI) citing a need for large impairments and regulatory intervention. The issues expressed by Viceroy have been reflected in a letter from Benguela Global Fund Managers to Capitec also raising concerns about Capitec’s lending
Viceroy comments on information available to the South African Reserve Bank regarding Capitec: PDF Download Link In response to Viceroy’s recent report on Capitec (JSE:CPI), the South African Reserve Bank (SARB) decided to vouch for Capitec. Indeed, it decided to stake its reputation on the
PDF Download Link Based on our research and due diligence, we believe that Capitec is a loan shark with massively understated defaults masquerading as a community microfinance provider. We believe that the South African Reserve Bank & Minister of Finance should immediately place Capitec into