PDSNET ARTICLES - MAY 2020

Afrimat Opportunity

Afrimat (AFT) is a share that we have liked for a long time. In May last year we wrote an article in which we did a point-and-figure horizontal count on its upside breakout from a lengthy period of sideways movement. Unfortunately, the coronavirus made a nonsense of our predictions, but the underlying fundamentals of this company have only improved since then and it now represents one of the

The Prosus Winner

It has been well said that no matter what happens in the world or in South Africa, there is always a way to make money from it in the share market - it is just a matter of seeing where the opportunity lies.
The advent of the coronavirus in late January this year, while it was a world-wide human and economic catastrophe, presented just such an opportunity. The contagion forced a sea-change in behaviour patterns world-wide

R186 Long Bond

Sometimes things happen in the markets which cause you to ask the question,
"What can they see that I can't see?"
The progress of the yield on South Africa's long bonds is like that.
South Africa has just been downgraded by both Moodys and Standard & Poors. We are officially at junk status - so you would think that our government debt instruments would be out of favour among international

Imperial Logistics

Imperial (IPL) is a large international logistics company with 27 000 employees operating in 32 countries mainly in Africa and Europe. In is involved in transport, warehousing and international freight management. It is the largest logistics supplier in South Africa. The company is involved in five key areas - automotive, chemicals, consumer, healthcare and industrial.
The company recently split off and separately listed

The Confidential Report - May 2020

Wall Street

It is becoming clear that the lack of nation-wide response to COVID19 in America is now endangering the entire world economy. It is apparent that the virus is going to have a much greater and more prolonged impact in the US than was originally expected. This is mostly because of the patchy lockdowns and the state-by-state response. There have been no useful nation-wide directives