Transpaco - a JSE microcap to wrap your head around
There is a microcap listed on the JSE, that you might not know about, but you most likely handle one of their products every single day…let that sink in…Every. Single. Day. From grocery packets, dustbin bags, cling wrap, Sellotape and pharmaceutical boxes; it is difficult to fathom how much this small cap is intertwined into our daily South African lives. This week I am delving into Transpaco - a family run multi-million Rand business boosted with a majority black empowerment shareholder that is a trade union ( nogal! ) that quietly sticks to its knitting in the plastics and paper packaging industry. Transpaco offers the investor a great defensive play in consumer and industrial markets because even through the hardest of lockdowns, two years ago, their business did not shut down as it was deemed essential services. Not only did they NOT shut down during that period, but they were able to effortlessly add a whole product line of personal protective equipment (PPE) which pigg...