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If you invested in R10 000 in Bidvest in 2004, how much money would you have now?

If you invested in R10 000 in Bidvest in 2004, how much money would you have now?

Overview

The Bidvest Group is a South African service, trading, and distribution company that was established in 1988 by Biran Joffe, with a listing on the Johannesburg Stock Exchange since 1990.

Bidvest consists of several different domestic segments including automotive, commercial, electrical, freight, financial, office and print, and services. Through each of these segments, Bidvest offers an extensive portfolio of products and services.

Throughout its history, Bidvest has made some impressive acquisitions and investments in several prominent companies including Bidvest Noonan, Axis Group, Eqstra Holdings, Brandcorp, Plumblink, and several others.

There are three umbrella divisions namely services, Foodservice, Products and Commercial products. Bidvest Group has operations in South Africa, the United Kingdom, Australia, New Zealand, and continental Europe.

Despite its size, Bidvest is an extremely entrepreneurial, decentralized, and incentivized organisation that has a deep-rooted culture of transparency, accountability, integrity, excellence, and innovation.

If you invested in R10 000 in Bidvest in 2004, how much money would you have now?

According to the most recent price analysis on Bidvest, the price chart tracks back to 2004 when Bidvest shares cost 13.00 ZAR per share. With an investment of R10,000 in 2004, you could have purchased 796 BVT shares.

The current price on BVT shares is 194.47 ZAR and if you had kept your investment for the past 17 years, your investment would have grown to over R149,000 giving you a total return of more than R139,000 or 1,390%.

Bidvest has shown increased and stable performance in the past year, despite the challenges that the economy in South Africa and the world faced with the Covid-19 pandemic.

With a market cap of more than 66 billion ZAR, BVT is a lucrative and feasible investment opportunity for many investors who want to diversify their portfolios.

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