Lesaka: An Undervalued Fintech Gem [Seeking Alpha]
Lesaka Technologies, Inc. (LSAK)
Company Research
Source: Seeking Alpha
The company owns a 10% equity stake in Indian fintech company MobiKwik, valued at roughly $76 million (~30% of its current market cap). The macroeconomic forecast in South Africa is favorable, with improving conditions and a growing fintech market. Acquisition of Touchsides and favorable macroeconomic trends in South Africa boost Lesaka's growth prospects. Strong leadership and strategic acquisitions position Lesaka to capitalize on Africa's burgeoning fintech market. Investment Thesis Since we last covered Lesaka Technologies, Inc. ( NASDAQ: LSAK ), the largest fintech company in South Africa, the company has made significant progress in its turnaround efforts, made another acquisition, upgraded management, and is now ready to accelerate growth. However, the stock
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LSAK
News
- Lesaka Technologies, Inc.'s (NASDAQ:LSAK) largest shareholders are private equity firms with 39% ownership, individual investors own 31% [Yahoo! Finance]Yahoo! Finance
- Lesaka to Host Webcast and Conference Call to Review Third Quarter 2024 ResultsGlobeNewswire
- Investors in Lesaka Technologies (NASDAQ:LSAK) have unfortunately lost 33% over the last three years [Yahoo! Finance]Yahoo! Finance
- Lesaka to Participate at Citi's 2024 Emerging Markets FinTech ForumGlobeNewswire
- Lesaka Technologies, Inc. (NASDAQ:LSAK) Q2 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
LSAK
Earnings
- 2/6/24 - Beat
LSAK
Sec Filings
- 4/22/24 - Form DEFA14A
- 4/22/24 - Form DEF
- 4/12/24 - Form PRE
- LSAK's page on the SEC website