EU and US could reach trade deal this weekend - Reuters
In a volatile trading session, LSAK stock has plummeted to its 52-week low, reaching a price level of $3.83 USD. This significant downturn, highlighted by InvestingPro data showing a -9% decline in just the past week, has caught the attention of investors who are closely monitoring the stock's performance against broader market trends. With a market capitalization of $336M and an EBITDA of $32.5M, LSAK currently appears undervalued according to InvestingPro's Fair Value model. Despite the current dip, LSAK's 1-year change data reflects a 10.25% increase, indicating a complex performance trajectory over the past year. With a beta of 0.76 and analyst consensus showing strong buy recommendations, investors remain watchful of the company's future financial reports and market conditions that may influence the stock's recovery and potential growth. Discover more insights and 5 additional ProTips for LSAK through a comprehensive Pro Research Report, available exclusively on InvestingPro.
In other recent news, Lesaka Technologies Inc. has secured new loan facilities as part of a strategic financial restructuring. According to a recent 8-K filing with the Securities and Exchange Commission, the company, along with its subsidiary Lesaka Technologies Proprietary Limited and other subsidiaries, entered into a Common Terms Agreement with FirstRand Bank Limited and Investec (LON:INVP) Bank Limited. This agreement includes a term loan for approximately 2.16 billion South African Rand and an amortizing loan up to 1 billion Rand, in addition to a general banking facility of up to 700.9 million Rand. The term loan, fully utilized on February 28, 2025, is intended for refinancing existing debts and covering transaction costs, with its interest rate tied to the Johannesburg Interbank Agreed Rate plus a margin. The amortizing loan, also fully drawn, has a repayment schedule spanning four annual installments starting in February 2026. The general banking facility provides Lesaka with working capital and corporate expenditure support, subject to annual review. As part of these arrangements, Lesaka entered into a Pledge and Cession Agreement, offering equity and banking account interests as collateral. Additionally, a Subordination Agreement was signed to prioritize repayment of these new facilities over certain intercompany claims.
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