PDSNET ARTICLES

Stadio

When it listed on the JSE, Stadio was one of those shares which was widely perceived to have almost unlimited “blue sky” potential. Riding on the back of Curro’s success and Chris van der Merwe’s (the CEO at that time) reputation, it was thought that Stadio would do as well as Curro, if not better. Like Curro, it was thought that there was a virtually no limit to Stadio’s potential

The Confidential Report - July 2020

America

A week ago, world markets were discounting a rapid recovery from the COVID-19 pandemic. Then the number of cases in America began to spike up. Until the middle of June there had been a steady downward trend and then suddenly the number of cases began to rise with 31 000 on the 20^th of June, 33 000 on the 23^rd, almost

The Cannabis Company

Until September last year, you could easily be forgiven for not paying much attention to the thinly traded penny stock, Labat. Styling itself as an “investment holding company” it seemed to have a diverse collection of businesses which did not hold much potential and lacked a clear focus.
In September 2019, however, it changed its focus and decided to become a “fully integrated cannabis

Rand Recovery

The rand is arguably one of the most volatile and difficult currencies to predict. It is very liquid and is the preferred emerging market currency of international currency speculators. It has become a ping-pong ball which reflects the spasmodic shifts between “risk-on” and “risk-off” sentiment on the world stage.
If international investors get scared, then the rand

Covid in Context

It is perhaps a good time to stand back from the hectic and extraordinary events that have accompanied the corona pandemic and try to put them into some sort of context from an investment perspective. It is steadily becoming more and more certain that the corona bear trend (if we can even call it that) has been short and sharp and completely unlike any previous bear trend in history. This is because it was not brought

The Confidential Report - June 2020

America

• Panic buying of toilet rolls, disinfectants and food is down by over 60%.
• Clothing and accessories sales are up over 600%.
• The Texas Manufacturing Outlook survey jumped 34% from April to May.
• Road

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