Edinburgh Worldwide Investment Trust  (EWI) is once more under fire from activist US hedge fund Saba Capital Management. This is an urgent call to action for EWI shareholders to make their feelings known. Saba received a resounding rebuff when it tried to oust EWI’s board in February 2025, with 64.7% of EWI’s share base casting their vote and 63.8% voting against Saba (98.4% of votes ex Saba and their associates were against). The company is now trying, for a second time, to

LAMDA Development S.A.  has generated a strong operational and financial performance year-to-date, across all segments of the business, with momentum accelerating during Q325. EBITDA for the operational malls and marinas are at record levels and the Ellinikon project is on a strong growth trajectory, while construction progress is accelerating. 23 December 2025 Edison Group   #Financial   #Investment   #Research   https://www.linkedin.com/feed/update/urn:li:activity:741502858

JPMorgan European Discovery Trust (JEDT) is benefiting from improved performance under the management of Jon Ingram, Jack Featherby and Jules Bloch, who took over the reins at the beginning of March 2024. The managers are bullish on the prospects for European small-cap equities, which have lagged during a volatile time in the market, despite being one of the best-performing asset classes over the long term. Ingram, Featherby and Bloch employ a team-based approach to stock sel

ALG Newsletter - 2026 outlook for SA life assurers. After a strong 2025 with a total return of over 21%, the SA life assurance index remains attractively positioned for 2026. While the battle for the mass market heats up, we see upside potential from asset-based fees, j-curve earnings, growing shareholder distributions and enhanced disclosure. A low inflation environment may offer challenges. We see undervalued players with share buybacks like  Momentum  and  Old Mutual  as b

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

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

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

ALG Newsletter - Shifting new business dynamics. Listed SA life assurers recently reported very strong 30 June 2025 results from an earnings and shareholder distribution point of view, but it came with a caveat. They reported much lower mass retail volumes and only modest growth for affluent retail. While the affluent space is mature and highly competitive, the weak mass retail production is almost all due to significant market share gains by  Capitec  Insurance. Reach to fin

Datatec Limited (JSE: DTC) (OTCQX: DTTLF)  has seen continuing strong financial performance in H126, with growing profitability in Westcon and Logicalis International and a considerable improvement in performance for Logicalis Latin America year-on-year. Reported and headline EPS are expected to be 21.0–23.0c, with the midpoint up 95% and 110%, respectively, versus H125. Now excluding share-based payments, underlying EPS of 18.0–20.0c is expected to be 33–48% higher year-on-y

Greggs ’ Q325 trading update shows improving trading as the period progressed, following the already-flagged negative effect of July’s hot weather. With a slight improvement to the outlook for cost inflation, management’s expectations for full year profit are unchanged. This is despite indications of lower new space growth than initially guided, due to phasing of new build opportunities. Management was clear that there is potential for significantly more than 3,000 stores, an