Clint Nickall

Founded by Bufus Outlaw in 1997, BOE Securities, Inc. is a private, value-based SEC-registered brokerage firm located in Philadelphia, Pennsylvania. The firm is a subsidiary of the BOE Group, Inc. They are affiliated with BOE Research Private Ltd., which is located in Mumbai, India. BOE Securities is a member of FINRA, the NASD and SPIC. BOE Securities provides research services to institutional investors. Their research products and services are designed for use by chief investment officers, portfolio managers and financial analysts. The firm can function as an off-site research department for firms or simply as an input into their clients' proprietary investment processes. BOE Securities' quantitative research is produced on a weekly basis. They provide weekly ratings on U.S. large-cap stocks based on a variety of investment styles including value, growth, GARP and momentum. The firm serves as an introducing broker to Goldman Sachs Executions and Clearing LP. BOE's research team covers over 500 stocks, producing 4 annual reports on each company. Their research methodology combines top-down and bottom-up analysis and seeks to provide clients with key information required to determine the real value of a company. The firm begins with rigorous fundamental analysis that incorporates economic, industry and company data which results in forecast assumptions of a stock and its sector. BOE Securities scrutinizes all publicly-available information including SEC Filings and company transcripts and examines each company's customers, suppliers and competitors to gain overlooked insights into a company. They determine each company's intrinsic value by: (1) modeling the company's future earnings (2) understanding the company's cash flow and the forces which impact it and (3) providing a consistent, disciplined valuation framework based on discounted free cash (DCF). BOE Securities also looks at the relative valuation of each security, assessing current and historical metrics, as well as industry comparables. The combined valuation methods determine whether a stock is fairly valued and if the market has fully incorporated all relevant news into the share price. The firm's economic profit analysis provides the key information needed to determine each company's ability to create wealth for shareholders. BOE Securities uses economic data as a basis for constructing and evaluating asset valuations relative to returns on those assets. Finally, BOE Securities continuously monitors the stocks on their coverage universe, with emphasis on the key valuation drivers, and seeks to identify events which may impact stock value over time. BOE Securities offers quantitative equity research ratings on 4,000 companies. Their quantitative ratings are based on an advanced academic study of investor behavioral biases that cause the mispricing of securities. The firm's reports consist of buy alerts and sell alerts highlighting the most critical, action items. BOE Securities scores stocks according to a 4-point system that incorporates long-term contrarian factors and short-term momentum factors including: (1) PE to Growth (PEG) rankings (2) fundamental momentum, based on estimate revisions (3) relative strength and (4) shareholder value creation as based on earnings above the cost of capital. By summarizing this data into a weighted, back-tested composite score, BOE Securities then ranks the equities according to their alpha-generating abilities. Their process enables them to quantitatively grade any security from which they develop alerts and reports.

The Hollard Insurance Co. provides insurance services. The firm offers short term and life insurance licenses, infrastructure and capabilities. Its services include motor, life funeral, accident and disability insurance, insurance for women, business and specialist insurance. The company was founded in 1980 and is headquartered in Johannesburg, South Africa.

Old Mutual Group Holdings (SA) Pty Ltd. provides life assurance, asset management, and banking services. It offers life, disability, and health insurance, retirement savings, and investment products to individuals and groups. The company is headquartered in Cape Town, South Africa.

Hollard Holdings Pty Ltd. operates as a holding company with interest in providing insurance services. The company is headquartered in Johannesburg, South Africa.

The South African Institute of Chartered Accountants operates as an institute of chartered accountants. The private company is based in Bruma Lake, South Africa. Sithembiso Nomvalo has been the CEO of the South African company since 2019.

The Institute of Directors provides informative events and professional development courses. The non-profit company is based in Johannesburg, South Africa. Parmesvari Natesan has been the CEO of the South African company since 2010.

Part of Unilever Plc, Unilever Tea Kenya Ltd. is a Kenyan company that produces and exports tea. The company is based in Nairobi, Kenya.

West African International Pty Ltd. distributes polymers and chemicals. offers nylon injection grades, foam extrusion and general purpose polystyrene, polybutene, synthetic rubber polymers, natural rubber, process aids, carbon black, sulphur, rubber chemicals, stearic acid, coumarone indene resin, and release agents. The company is headquartered in Cape Town, South Africa.

West African Group imports, exports, sells and distributes rubber, polymers and chemical products. It offers rubber polymers and chemicals, plastic polymers, and natural and synthetic rubber to mining, construction and plumbing, footwear, agriculture, automotive-OE and aftermarket and household appliances industries. The company was founded by Jack Doherty in 1992 and is headquartered in Durban, South Africa.

Grant Thornton South Africa provides audit, tax and business advisory services. It offers services to the large privately held businesses and private equity backed organizations. The company was founded in 1920 is headquartered in Johannesburg, South Africa.

PKF, Inc. provides accounting, auditing, and corporate finance services. The private company is based in Pretoria, South Africa.

The Ports Regulator is a regulatory body established under the National Ports Act of 2005. The private company is based in Durban, South Africa. Its role is to regulate the ports industry in accordance with the National Commercial Ports Policy. Mahesh Fakir has been the CEO of the South African company since 2014.

Absa Capital (Pty) Ltd. engages in investing activities. It provides merchant banking, corporate banking, and treasury products. The firm services include international banking services, custodial services and securities lending. The company is headquartered in Johannesburg, South Africa.

Hollard Life Assurance Co. Ltd. provides long-term assurance services. It operates as a life assurer and transacts all classes of life assurance business throughout the Republic of South Africa. The company was incorporated on March 16, 1993 and is headquartered in Johannesburg, South Africa.

PNB Investments Pty Ltd. provides investment services. The private company is based in Johannesburg, South Africa.

Eqstra Fleet Services Pty Ltd. engages in the provision of fleet management solutions. It offers consulting, operating rentals, fleet administration, maintenance management, financial services, tracking solutions, incident management, vehicle remarketing, and fleet reporting services. The company was founded in 1988 and is headquartered in Johannesburg, South Africa.

Part of Texton Property Fund Ltd., Texton Property Ltd. is a South African company that provides property investment services. The company is based in Hyde Park, South Africa and was founded in 2017.

Part of Toyota Tsusho Corp., EIE Group Pty Ltd. is a South African company that supplies material handling and industrial equipment. The company is based in Johannesburg, South Africa. The company was founded in 1984. The CEO is Oyama Andrew Mabandla. EIE Group was acquired by CFAO South Africa Pty Ltd. from enX Group Ltd. on April 04, 2022 for $46.12 million.

South African Post Office Ltd. provides postal services. The private company is based in Pretoria, South Africa and has subsidiaries in South Africa.

Barloworld Logistics Africa (Pty) Ltd. provides logistics services. Its services include warehousing & distribution, inventory solutions, supply chain consulting, supply chain management, freight forwarding, road transportation, transport management services, supply chain software planning, and environmental solutions. The company was founded in 2001 and is headquartered in Johannesburg, South Africa.