Professional
Added to YB: 2025-06-09
Pitch date: 2025-04-30
IOC.JO [neutral]
iOCO Limited
+34.67%
current return
Author Info
No bio for this author
Company Info
iOCO Limited provides information and communications technology services in Africa, the United Kingdom, Europe, and the Middle East.
Market Cap
ZAR 2.4B
Pitch Price
ZAR 3.00
Price Target
N/A
Dividend
N/A
EV/EBITDA
7.23
P/E
16.24
EV/Sales
0.52
Sector
IT Services
Category
turnaround
Desert Lion Portfolio Holding: iOCO Limited
IOC.JO (holding update): iOCO (formerly EOH) turnaround gaining momentum under joint CEOs Summerton/Venter. Six-month strategy focused on profitable core verticals, operating discipline & rebuilding credibility. Progress: trimmed non-core lines, resolving legacy liabilities, tight working capital. Recent results show stabilizing margins & improved cash conversion. Still undervalued due to EOH heritage.