reports
1 director bought
A director at Hudaco Industries Limited bought 8,000 shares at 108.920ZAR and the significance rating of the trade was 56/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two y...
- Mpho Mokotso
Industrials | MTA, MPT, SPG, HDC, GSH, GND | Earnings Update_Small to ...
During Q1'19, SA Industrials index declined by 3.9% yoy and were among the worst performing sectors on the Johannesburg Stock Exchange (JSE). The poor performance is an extension of last year's 17.5% yoy decline. The lack of growth opportunities has prompted companies to divest non-core or poor performing assets to strengthen balance sheets, realise shareholder value through divestures (e.g. enX) and resume an ordinary dividend (e.g. GND). In this note, we update our target price and recommend...
- Mpho Mokotso
Hudaco | Diversification pays off
HDC released an encouraging set of H1' 18 results where dHEPS and DPS increased by 8% and 6% yoy respectively. The diversification was beneficial as the Consumer Related (CR) segment supported both organic and inorganic earnings growth during the period. The Group decided to diversify away from mining and manufacturing in 2010 and CR now contributes 61% to group operating profit (FY' 10: 39%). Engineering Consumables' (EC) revenue growth was marginal. However, EC's earnings contracted as vol...
- Anton Solomons
Hudaco Industries (HDC) - Initiating coverage
We initiate coverage on Hudaco Industries Limited which continues to demonstrate its resilience in challenging market conditions. Market conditions: Mining production is picking up buoyed by a rise in commodity prices, off recent lows. Construction activity remains under pressure while plans for future activity appear to be picking up slowly and unevenly. Manufacturing activity improved to above the long-term average but is impacted by consumer and business confidence. Government policy ...
Ford Equity International Rating and Forecast Report
Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind...
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