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Downtrend Turn Into Uptrend In IDFC First Bank 1. **IDFC FIRST Bank** was formed in 2018 after the merger of IDFC Bank and Capital First. 2. It is a private sector bank in India, offering retail and corporate banking services. 3. The bank focuses on customer-centric products, including high-interest savings accounts and digital banking solutions. 4. IDFC FIRST Bank is known for its strong financial inclusion initiatives and support for small businesses. 5. Headquartered in Mumbai, the bank continues to expand its reach across India with innovative banking solutions.
NSE:IDFCFIRSTBLong
by TheGoldenFarmsofEquity
Our opinion on the current state of KUMBA-IO(KIO)Kumba (KIO) is a highly successful iron mining operation which is owned (79%) and controlled by Anglo American. The share price fell to as little as R223 in March 2020 because of COVID-19 but recovered to R668 before falling on the March 2022 quarterly results. Importantly, exports make up 94% of the company's total sales - which means that it is not heavily dependent on local sales but is vulnerable to any strengthening of the rand and the effectiveness of rail transport to ports. The company is planning to build a 100MW solar park over the next 3 years to reduce its reliance on Eskom. The company has had to contend with heavy rain and bad rail performance. On 10th October 2022, Kumba announced that, because of the force majeure at Transnet, it would lose about 50,000 tons of production per day, rising to 90,000 tons after 7 days as a direct result of the Transnet force majeure. Furthermore, they said they would lose about 120,000 tons of exports which will cost them about $8.5m a day in production and $11.7m in lost export revenue. The company is considering 490 retrenchments. In its results for the six months to 30th June 2024, the company reported revenue down 6% and headline earnings per share (HEPS) down 26%. The average free-on-board (FOB) price received was $97 per ton with an EBITDA of 44%. The company had a closing cash position of R14.6bn. The company said, "Attributable free cash flow of R9.1 billion supported our Board's decision to declare an interim dividend of R6.0 billion." In an update on the 3 months to 30th September 2024, the company reported production up 3% and sales up 2%. The company said, "...in comparison to Q2 2024, sales decreased by 6% as ship loading was impacted by adverse weather conditions in July 2024 at the Saldanha Bay port. Given this, sales are expected to end the year closer to the lower end of our full year 2024 sales guidance of 36 – 38 Mt, subject to Transnet's logistics performance..." In a trading statement for the year to 31st December 2024, the company estimated that HEPS would fall by between 43% and 48%. The company said, "Ore railed to Saldanha Bay Port decreased by 8% compared to Q3 2024, due to the planned 15-day annual maintenance shutdown and unfortunate train derailments following the re-opening of the Ore Export Channel (OEC). To maintain a balanced and efficient value chain, finished stock at the mines was drawn down and production reduced by 17% compared to Q3 2024, while sales increased by 1% to 9.1 Mt." The share trades at a multiple of 5.62 and a dividend yield (DY) of 9.71% - which seems to compensate the investor to some extent for the commodity risk in this rand-hedge share, but it remains volatile and hence risky. On 28th August 2024, the company announced that it would invest R11.2bn in improved processing technology at Sishen, which would improve premium quality production to 55% from the current level of 18%.
JSE:KIO
by PDSnetSA
Our opinion on the current state of KAL Group(KAL)Previously, Kaap Agri, the KAL Group is an agricultural company owned 40.9% by Zeder, which is, in turn, 43.7% held by PSG. The company operates through over 190 retail outlets offering a wide range of products and services mainly to the farming community. Kaap Agri has seven divisions: (1) Pakmark offers a wide range of packaging materials for the local and export markets, especially to the fruit industry. (2) Agrimark has over 70 stores in South Africa and Namibia offering a wide range of animal feeds, gardening equipment, tools, outdoor and camping equipment, and pet accessories. (3) Liquormark offers a wide range of liquor products from beers to wines, spirits, and mixers. (4) Kaap Agri Mechanisation offers farming machinery and equipment. (5) Wesgraan offers grain handling and management services. (6) Expressmark supplies fuel, especially diesel, mainly to the farming community. It also has convenience stores. (7) The Fuel Company (TFC) aims to be the market leader in the independent fuel retail market in South Africa. The group's product diversity has reduced its exposure to weather conditions in the agricultural sector, especially in the Western Cape, but it remains essentially a retail outlet that focuses on the agricultural sector. As such, its results are impacted by the general level of consumer spending in South Africa and the state of the local economy as well as agricultural conditions. On 4th October 2021, Kaap Agri announced that it had sold its 70.5% stake in TFC Properties for R446m. On 19th January 2022, the company announced the acquisition of PEG Retail Holdings for R1.09bn. This acquisition increases the number of petrol stations which Kaap Agri has from 43 to 84. In its results for the year to 30th September 2024, the company reported revenue down 3% and headline earnings per share (HEPS) down 9.2%. The company said, "The profit after tax of the Group amounted to R451 million (2023: R480 million) while the gross assets decreased to R8,215 million (2023: R8,290 million)." In an update on the 1st quarter to 31st December 2024, the company reported retail turnover up 2.3% and Agri turnover up 5.7%. The company said, "An average 18% decrease in fuel prices impacted turnover but not trading profit. Fuel price gains were R5.2m lower YOY and Group fuel volumes increased by 0.7%." Technically, the share broke down through its trendline on 6th January 2025 at 4952c and has since fallen to 4681c. We see it as a well-managed company that has exposure to South Africa's retail environment, loadshedding, and also to the state of agriculture in this country. It has suffered with falling petrol prices recently. We recommend waiting for the share to begin a new upward trend before investigating further. Issues surrounding expropriation of land without compensation have an impact on the company. However, with a P:E multiple of 8.34, these risks look fully discounted. In its integrated annual report, the group has predicted that it will make over R1bn in pre-tax profits by 2025.
JSE:KAL
by PDSnetSA
Serve Robotics (SERV) Analysis Company Overview: Serve Robotics NASDAQ:SERV is a pioneer in autonomous last-mile delivery, leveraging AI-driven electric robots to reduce costs and emissions. With strong partnerships and financial backing, SERV is positioned to disrupt traditional delivery models. Key Catalysts: $450 Billion Market Potential by 2030 🌎 Serve’s $1-per-trip model could revolutionize delivery economics. Strategic Partnerships – Uber & 7-Eleven 📦 Uber’s $11.5M investment and integration with Uber Eats enhance scale. 7-Eleven partnership strengthens Serve’s retail delivery presence. Strong Financial Backing – Secured Through 2026 💰 $166M raised since December 2024, ensuring funding stability. NVIDIA and Delivery Hero investments validate AI-driven robotics. Investment Outlook: Bullish Case: We are bullish on SERV above $14.00-$14.50, supported by disruptive potential, strategic partnerships, and financial strength. Upside Potential: Our price target is $31.00-$32.00, reflecting market expansion, AI adoption, and industry transformation. 📢 Serve Robotics—Redefining Last-Mile Delivery. #AI #Robotics #AutonomousDelivery #SERV
NASDAQ:SERVLong
by Richtv_official
Our opinion on the current state of HUDACO(HDC)Hudaco (HDC) is an importer and supplier of "...automotive, industrial and consumer products" mostly in Southern Africa. Its business has two sides: (1) Supplying automotive security, power tools, communications, and business supply products to the consumer market. (2) Supplying mainly the mining and manufacturing industries with mechanical and electrical power transmissions, diesel engines, hydraulics and pneumatics, steel and thermoplastics, and fittings and bearings. The company has a very well-established business with 26 warehouses, 800 international suppliers, and 140 branches. Through this network, they supply about 230,000 products. The company has been battling to export goods because of inefficiencies at South African ports, especially Durban. The group constantly makes bolt-on acquisitions to build and enhance its business. In its results for the year to 30th November 2024, the company reported revenue down 5.8% and headline earnings per share (HEPS) down 6.3%. The company said, "For the five months from the formation of the GNU to the end of the financial year, through strong management of gross profit margin, tight control of expenses and the reduction of inventory, operating profit increased by 0.2%, and headline and comparable earnings per share were up by 3.5% on the equivalent period in the prior year." Hudaco is an extremely well-managed company operating in a difficult economy. As the economy improves, Hudaco's results will benefit directly. The share trades on a P:E of 9.99 and a dividend yield (DY) of 4.08%, which looks cheap to us. In our view, this share should be bought on weakness and offers solid, long-term investment potential as the South African economy improves.
JSE:HDC
by PDSnetSA
Our opinion on the current state of GFIELDS(GFI)Gold Fields (GFI) is a relatively high-cost international gold mining house with a single mine in South Africa - South Deep. South Deep was bought by Gold Fields in 2006, and it has struggled to make the mine profitable, pouring in a total of R32bn (R22bn purchase price plus R10bn in development costs) into it over the past 14 years. Brett Kebble once described South Deep as, "The world's most expensive long drop...". South Deep is 3 kilometres deep and a very difficult mine with many technical complications, but it is the second-largest unmined gold resource in the world - hence Gold Fields' persistence. Gold Fields is working with an independent power producer (IPP) to build a 50MW project in SA. The company has spent a total of $502m over the past two years to ensure that Damang and Gruyere (international operations) would produce 2 million ounces a year for the next ten years. South Deep now has R800m less in costs and R400m less in capital expenditure. The company is focusing on bringing the new Salares Norte gold mine in Chile into production. On 11th July 2022, the company said that it would list on the Toronto Stock Exchange and that it would adopt a dividend policy of paying between 30% and 45% of profits out. Its protracted investment in South Deep is definitely beginning to pay off with output expected to rise by about 25% over the next four years. On 12th August 2024, the company announced that it had acquired the remaining 50% of Osisko Mining for $1.57bn (R29bn). In its results for the six months to 30th June 2024, the company reported attributable production down by 20% at 918,000 ounces. All-in sustaining costs were $2,060 per ounce. Earnings per share (EPS) was down 22% at 40c (US) compared with 51c in the previous period. The company said, "Group performance in H1 2024 was impacted by weather-related events and operational challenges at some of our assets." In a trading statement for the six months to 30th June 2024, the company estimated that HEPS would fall by 21% in rands. The company said, "...the Group generated auction revenues during the period of USD 120.6 million, as well as USD 6.6 million from Fabergé, contributing to another profitable period albeit at a reduced level when compared to the same period last year." In an operational update for the 3 months to 30th September 2024, the company reported production up 12% and all-in sustaining costs down 3%. The company said, "Net debt decreased by US FWB:30M to US$1,123m at the end of September 2024, mainly due to strong cash generation which was partially offset by payment of the interim dividend of US$152m (June 2024: US$153m)." In a trading statement for the year to 31st December 2024, the company estimated that HEPS would increase by between 41% and 52%. Technically, the share is very volatile and subject to shifts in the international price of gold, but it has been in an upward trend over the past five years. It remains a volatile commodity play.
JSE:GFI
by PDSnetSA
Our opinion on the current state of DRDGOLD(DRD)DRDGOLD (DRD) was listed in 1895 and is the JSE's oldest listed company. It was followed by SA Breweries, which was listed in 1897 and has now been acquired by Anheuser Busch. DRD is now a gold surface treatment operation which is at an all-in sustaining cost of extraction of just over R627247 per kilogram which compares to the average received gold price of R917996. They are re-treating surface dumps which still have traces of gold that can be profitably extracted with modern extraction methods. The benefit of this type of operation is that it is far less risky than underground gold mining operations because it has far less union exposure and has none of the expenses or difficulties of an underground operation. Its life and grade, and hence its profitability, are precisely known. The share tends to be volatile because it depends on the current price of gold, but the company has a debt-free balance sheet and strong free cash flows. A deal was concluded for Sibanye to swap out its surface dumps for an additional 265m DRD shares - which took Sibanye to a shareholding of 38%. Then on 10th January 2020, Sibanye announced that it had exercised its option to increase its stake to 50,1% at a cost of R1086m. The CEO of DRD Gold, Niel Pretorius, wants to join up with other tailing projects on the West Rand to create a massive unified re-processing operation. The company is building a 20mw solar and battery facility. In its results for the year to 30th June 2024 the company reported revenue up 14% and headline earnings per share (HEPS) up 4%. Gold production and sales were down 5% while cash operating costs increased by 20% in rands. The company said, "We are now positioning to bring on stream by the financial year ending 30 June 2028 ("FY2028") a combination of reclamation sites designed to lift tonnage throughput to 3 million tonnes per month, and gold production to just over 6 tonnes per annum." In an update on the 3 months to 30th September 2024 the company reported production up 7% and sales up 4%. All in sustaining costs fell by 5% to R933686 per kilogram. The company said, "Cash operating costs per kilogram of gold sold decreased by 4% from the previous quarter to R856,723/kg due to an increase in gold sold, despite an increase in total cash operating costs driven mainly by two months of winter tariffs which Eskom charges between June and August each year." In a trading statement for the 6 months to 31st December 2024 the company estimated that HEPS would increase by between 60% and 70%. The company said, "Group revenue increased by R828.1 million, or 28%, to R3,802.3 million (2023: R2,974.2 million), as a result of a 26% increase in the Rand gold price received, and a marginal increase in gold sold from 2,535kg to 2,567kg." Technically, the share made a high of 2458c on 9th May 2023 and then began a downward trend. It broke up through its long-term downward trendline on 3rd July 2024 at 1673c indicating a new upward trend. It remains a volatile commodity share subject to the international gold price.
JSE:DRD
by PDSnetSA
Our opinion on the current state of ARCMITTAL(ACL)ArcelorMittal (ACL) is South Africa's largest steel-producing company. It has survived where companies like Highveld Steel have disappeared. Arguably, ArcelorMittal felt the impact of the sub-prime crisis more than any other South African company and has fallen from its high of R260 in June 2008 to as low as 25c in August 2020. Since then, it has rallied strongly and now trades at 1052c. It has had to deal with the collapse of the construction industry locally, which was a major consumer of steel, and the massive imports of cheap Chinese steel which were dumped onto our market. Those imports have slowed down somewhat, and ArcelorMittal was successful in getting certain tariffs in place to discourage imports. We believe that this company came close to closure in July 2020 when the share price reached 25c. It has been rescued by the rising steel price combined with severe cost-cutting. In its results for the year to 31st December 2024, the company reported revenue down 7% and a headline loss of R5,1bn compared with a loss of R1,89bn in the previous period. The company recorded an "Operational EBITDA loss - before the Longs Business wind-down charge, severance packages charge and the write-down of inventory – of R1 816 million (2023: R56 million profit), includes R670 million of losses relating to the Q2 2024 Blast Furnace instability and R1 514 million of inventory disposal losses in support of improved liquidity." These results brought the new upward trend to an abrupt halt, taking the shares back down to and through support at around 100c. On 6th January 2025, the company announced that it had taken the decision to wind down and close its Longs steel division, leading to a sharp drop in the share price.
JSE:ACL
by PDSnetSA
Our opinion on the current state of AMPLATS(AMS)Anglo American Platinum (AMS), or Amplats, is the second-largest platinum producer in the world (after Sibanye) and plays a key role in the platinum group metals (PGM) industry. The company is 77.62% owned by Anglo American and has been at the forefront of transitioning from deep-level mining to shallow, mechanized mining, which has significantly improved efficiency and reduced costs. Strategic Developments & Operations Over the past five years, Amplats has reduced its number of mines from 18 to 7, cut overheads by 50%, and halved its workforce. This restructuring has enhanced profitability, particularly through its Mogalakwena open-cast mine, a palladium-rich operation with some of the lowest costs in the industry worldwide. A new project at Mogalakwena is set to increase platinum production by 250,000 ounces and palladium production by 270,000 ounces. Amplats also acquired Glencore’s 40.2% stake in the Mototolo mine and the adjacent Der Brochen property for R1.5 billion, enabling a cost-effective expansion without additional surface infrastructure. However, platinum prices remain under pressure due to an effective recycling industry, which adds about 2 million ounces per year to the supply by recovering metal from old auto catalysts. Despite this, we believe Amplats remains the best of the PGM shares on the JSE, although it is highly volatile as a commodity stock. Key Risks & Challenges - As part of its Mogalakwena expansion, Amplats plans to relocate 1,000 families, which could lead to social unrest. - Loadshedding and falling PGM prices continue to be significant headwinds. - The company announced the retrenchment of 3,700 employees on 19th February 2023. - On 23rd July 2024, Business Day reported that Amplats was considering listing on the London Stock Exchange (LSE). Financial Performance In its results for the six months to 30th June 2024, Amplats reported: - Tonnes milled down 7% - Refined PGM production up 5% - Revenue down 19% - Headline earnings down 18% The company explained, "Realised PGM dollar basket price fell 24% to an average of US$1,442 per PGM ounce due to declining realised palladium and rhodium metal prices, which were 34% and 49% lower, respectively." In its third-quarter update for 30th September 2024, Amplats reported: - PGM production from own-managed mines down 9% - PGM sales volumes up 16% - Maintained 2024 production guidance at 3.3-3.7 million PGM ounces - Increased refined production guidance to 3.7-3.9 million ounces In a trading statement for the year to 31st December 2024, the company estimated HEPS would decline by 36%-46%, stating, "The decrease in earnings compared to 2023 is primarily due to a 13% decline in realised ZAR PGM prices. Most notably, palladium and rhodium realised US dollar prices decreased 24% and 30%, respectively." Technical & Investment View - The share price has been declining since March 2022, driven by loadshedding, weaker PGM prices, and industry challenges. - Recently, it has moved sideways, indicating some stabilization but no clear upward trend yet. - PGM prices remain under pressure, which could limit near-term upside. Conclusion: Amplats remains a high-quality, but highly volatile commodity share. It is largely dependent on PGM prices, making it speculative. While long-term fundamentals remain strong, the current market conditions and price pressures make it risky in the short term. Investors should wait for a clear break above the downward trendline before considering an entry.
JSE:AMS
by PDSnetSA
The Best 3 Shocking Chart Patterns The Best 3 Shocking Chart Patterns Using The Rocket Booster Strategy.. - Again am trying to get understand how to trade the options markets and let me tell you i have not had a good night's rest for the past 5 days! Trying to combine the rocket booster strategy with candle-sick patterns Honestly, i didn't think i would master options trading Because basically am a commodity trading expert Specializing in buying bitcoin As you venture into mastering options trading to increase your income you will find these top 3 candlestick patterns you should know about: -The 3 Outside Up -Bullish Engulfing -The Rising 3 Soldiers NYSE:GS Will more of them appear? not so But watch this space for another week Let me also share with you the rocket booster strategy which has 3 steps -The price has to be above the 50 Day moving average -The price has to be above the 200 Day moving average -The price has to gap up in a trend That last step is important because that's the step That will show you the candle stick pattern you may be looking for. To learn more Rocket Boost this content Disclaimer: Trading is risky please learn risk management and profit-taking strategies Also feel free to use a simulation trading account before you trade with real money
NYSE:GSLong
by lubosi