
Pepkor Shareholder Raises $1.5 Billion Selling Its Entire Stake
The company sold 1.045 billion shares of Pepkor at a discount of about 6% to the last closing price, according to terms seen by Bloomberg. Goldman Sachs Group Inc., JPMorgan Chase & Co. and Investec Plc managed the share sale.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
an hour ago
- Yahoo
Should You Investigate Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) At US$11.55?
Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD), might not be a large cap stock, but it led the NASDAQGS gainers with a relatively large price hike in the past couple of weeks. The recent rally in share prices has nudged the company in the right direction, though it still falls short of its yearly peak. As a stock with high coverage by analysts, you could assume any recent changes in the company's outlook is already priced into the stock. However, what if the stock is still a bargain? Today we will analyse the most recent data on Great Lakes Dredge & Dock's outlook and valuation to see if the opportunity still exists. AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. What Is Great Lakes Dredge & Dock Worth? Great news for investors – Great Lakes Dredge & Dock is still trading at a fairly cheap price according to our price multiple model, where we compare the company's price-to-earnings ratio to the industry average. In this instance, we've used the price-to-earnings (PE) ratio given that there is not enough information to reliably forecast the stock's cash flows. we find that Great Lakes Dredge & Dock's ratio of 11.26x is below its peer average of 33.93x, which indicates the stock is trading at a lower price compared to the Construction industry. However, given that Great Lakes Dredge & Dock's share is fairly volatile (i.e. its price movements are magnified relative to the rest of the market) this could mean the price can sink lower, giving us another chance to buy in the future. This is based on its high beta, which is a good indicator for share price volatility. See our latest analysis for Great Lakes Dredge & Dock What does the future of Great Lakes Dredge & Dock look like? Investors looking for growth in their portfolio may want to consider the prospects of a company before buying its shares. Although value investors would argue that it's the intrinsic value relative to the price that matter the most, a more compelling investment thesis would be high growth potential at a cheap price. Though in the case of Great Lakes Dredge & Dock, it is expected to deliver a negative earnings growth of -6.6%, which doesn't help build up its investment thesis. It appears that risk of future uncertainty is high, at least in the near term. What This Means For You Are you a shareholder? Although GLDD is currently trading below the industry PE ratio, the adverse prospect of negative growth brings about some degree of risk. We recommend you think about whether you want to increase your portfolio exposure to GLDD, or whether diversifying into another stock may be a better move for your total risk and return. Are you a potential investor? If you've been keeping tabs on GLDD for some time, but hesitant on making the leap, we recommend you dig deeper into the stock. Given its current price multiple, now is a great time to make a decision. But keep in mind the risks that come with negative growth prospects in the future. So if you'd like to dive deeper into this stock, it's crucial to consider any risks it's facing. Our analysis shows 2 warning signs for Great Lakes Dredge & Dock (1 doesn't sit too well with us!) and we strongly recommend you look at these before investing. If you are no longer interested in Great Lakes Dredge & Dock, you can use our free platform to see our list of over 50 other stocks with a high growth potential. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Yahoo
2 hours ago
- Yahoo
Is HPE the Next Big AI Stock? Goldman Sachs Weighs In
Hewlett-Packard Enterprise Company (NYSE:HPE) is one of the On July 23, Goldman Sachs analyst Michael Ng reinstated coverage on the stock with a 'Neutral' rating and a price target of $22. The rating follows HPE's acquisition of Juniper Networks. According to the firm, HPE's expanded portfolio has allowed it to sustain its position as second-best in enterprise/campus networking while becoming a stronger competitor in the data center segment. Even though the firm maintains a positive outlook toward the company's networking business, it maintains a Neutral stance on the stock due to ongoing challenges in the Server and Hybrid Cloud divisions. A financial analyst standing in front of a screen with the ratings of the company provided by the NRSRO. The bank anticipates HPE's earnings per share at $1.80 for fiscal 2025, $2.23 for fiscal 2026, and $2.42 for fiscal 2027. Hewlett Packard Enterprise Company (NYSE:HPE), an American multinational technology company, provides high-performance computing systems, AI software, and data storage solutions for running complex AI workloads. While we acknowledge the potential of HPE as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and . Disclosure: None. Fehler beim Abrufen der Daten Melden Sie sich an, um Ihr Portfolio aufzurufen. Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten
Yahoo
2 hours ago
- Yahoo
Loop Capital Initiates Coverage on Autodesk, Inc. (ADSK) with ‘Hold' Rating
By earning a spot on Ethisphere's 2025 list of the World's Most Ethical Companies and attracting significant hedge fund interest, Autodesk, Inc. (NASDAQ:ADSK) secures a place on our list of the . A bridge under construction, watched over by a team of experienced engineers. On July 23, Loop Capital started coverage on Autodesk, Inc. (NASDAQ:ADSK) with a 'Hold' rating, setting a $320 price target. The company's share price is currently at $301.10, and this price target implies an upside potential of 6.28%. The analyst attributed the 'Hold' rating to softness in the company's core construction market, marked by high interest rates and rising material costs. However, the analyst remains optimistic about ADSK's long-term potential. Meanwhile, it was reported weeks ago that Autodesk, Inc. (NASDAQ:ADSK) was planning to acquire PTC, a Boston-based rival engineering company. However, those plans have since changed. On July 14, 2025, Bloomberg reported that ADSK is no longer thinking of acquiring PTC. The share price of Autodesk went off on a downward slope following the news of potential acquisition; however, it's gaining upward momentum now. The share price is up 3.06% over the past week. Autodesk, Inc. (NASDAQ:ADSK), a global 3D design, engineering, construction, and entertainment software company, offers cutting-edge tools for everything from infrastructure to animation. It is one of the best ESG stocks. While we acknowledge the potential of ADSK as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 14 Cheap Transportation Stocks to Buy According to Analysts and Top 10 AI Infrastructure Stocks to Buy Now. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data