ALG Newsletter - Strong tailwinds for SA insurers. Listed SA insurers are benefiting from strong underwriting and market tailwinds, while life assurers are facing increased competition in the mass retail space. All stocks will benefit from near-term tailwinds, but undervalued players with share buybacks like  Momentum  and  Old Mutual  are better positioned for relative performance. 21 November 2025 Reach out to find more about  Austin Lawrence Gidon 's ranking table for SA i

Halyk Bank  today announced the launch of a fully marketed offering and bookbuilding process for international and domestic investors for at least 12m global depository receipts (GDRs), representing c 4% of Halyk’s outstanding common shares. The GDRs are offered for sale by Halyk’s majority shareholder (ALMEX Holding Group), which currently holds a 69.5% stake (the remaining 30.5% is considered free float). Therefore, Halyk will not issue any new shares nor raise fresh capita

The Metals Company ’s (TMC’s) quarterly report provided no surprises as the company continues to progress its deep sea licensing application and associated operations. The cash position is significantly improved, ensuring sufficient funds for at least the next 12 months. Key remains the award of a licence and news of any progress from the US administration, which appears to be moving steadily forward.  Edison Group #mining   #resources   #investment 17 November 2025...

Rumble has confirmed terms for the proposed business combination agreement with  Northern Data Group . The transaction has two components: a share exchange in the first instance and a potential cash payment to the Northern Data shareholders subject to the sale and commercialisation of the Corpus Christi, Texas, sites that were recently sold to a special purpose vehicle backed by Tether Holdings.  Edison Group 11 November 2025 #Markets   #Investment   #Research   https://www.l

Datatec Limited (JSE: DTC) (OTCQX: DTTLF)  reported strong growth in underlying volume, gross profit and adjusted EBITDA in H126, driving a 43% year-on-year increase in underlying EPS (uEPS). The company has benefited from growing demand for cybersecurity and the start of technology refreshes driven by AI adoption. These structural growth drivers support a positive outlook for the remainder of FY26 and into FY27, with management sounding the most optimistic it has in recent y

Sylvania Platinum Limited ’s production in Q126 continued to accelerate, reaching a record high of 24,522oz for 4E platinum group metals (PGMs) and 31,234oz for 6E. Net profit continued to recover thanks to record production, a rising PGM basket price and healthy unit cost control. We lift our FY26 4E forecast to 92,000oz, ahead of company guidance, and as a result upgrade our FY26 EPS by 7.3% to 23.18 US cents. We also introduce small earnings upgrades for FY27 and FY28 and

Wheaton Precious Metals ’ (WPM’s) Q325 financial results are scheduled for release on 6 November. Ahead of the announcement however,  Edison Group  already has production numbers from Salobo, Sudbury, Voisey’s Bay, San Dimas, Zinkgruvan, Neves-Corvo, Blackwater and Penasquito. Edison has updated their forecasts to reflect this data. After two quarters in which sales have outperformed production and inventory has been drawn down, they suspect that this trend will now reverse i

Aamal Company QPSC  Company reported a solid 9M25 performance, with net profit attributable to shareholders up 8.2% year-on-year to QAR327.3m, supported by resilient margins across its diversified portfolio. EPS increased to QAR0.052 from QAR0.048, while total revenue declined slightly by 2.1% to QAR1,564m and gross profit eased by 1.6% to QAR386m. The results underline the stability of Aamal’s business model and continued progress across Property, Industrial Manufacturing an

While  Northern Data Group ’s Q325 trading update shows a steady improvement in operational metrics, they are not sufficient to support FY25 guidance and therefore the company has withdrawn them. Although  Edison Group  has had to reduce their forecasts again, the sequential improvements in Taiga Cloud offer comfort that, henceforth, forecasts should prove more robust. The company is now making significant progress in the sale of the Peak Mining assets. 23 October 2025 #Tech

At its recent capital markets event,  Boku  outlined how it intends to meet its medium-term growth targets. The combination of ongoing growth from existing merchants as they add new local payment connections, signing up new enterprise merchants, and layering on new money movement services is expected to drive a revenue CAGR of at least 20% in the medium term, in line with  Edison Group 's forecast to FY27. After a period of heavy investment in product and back office, moderat