Category: 3. Business

  • With 79% ownership of the shares, Distribution Finance Capital Holdings plc (LON:DFCH) is heavily dominated by institutional owners

    With 79% ownership of the shares, Distribution Finance Capital Holdings plc (LON:DFCH) is heavily dominated by institutional owners

    • Given the large stake in the stock by institutions, Distribution Finance Capital Holdings’ stock price might be vulnerable to their trading decisions

    • 52% of the business is held by the top 5 shareholders

    • Past performance of a company along with ownership data serve to give a strong idea about prospects for a business

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    If you want to know who really controls Distribution Finance Capital Holdings plc (LON:DFCH), then you’ll have to look at the makeup of its share registry. The group holding the most number of shares in the company, around 79% to be precise, is institutions. Put another way, the group faces the maximum upside potential (or downside risk).

    Given the vast amount of money and research capacities at their disposal, institutional ownership tends to carry a lot of weight, especially with individual investors. Hence, having a considerable amount of institutional money invested in a company is often regarded as a desirable trait.

    Let’s delve deeper into each type of owner of Distribution Finance Capital Holdings, beginning with the chart below.

    Check out our latest analysis for Distribution Finance Capital Holdings

    AIM:DFCH Ownership Breakdown November 9th 2025

    Many institutions measure their performance against an index that approximates the local market. So they usually pay more attention to companies that are included in major indices.

    Distribution Finance Capital Holdings already has institutions on the share registry. Indeed, they own a respectable stake in the company. This suggests some credibility amongst professional investors. But we can’t rely on that fact alone since institutions make bad investments sometimes, just like everyone does. If multiple institutions change their view on a stock at the same time, you could see the share price drop fast. It’s therefore worth looking at Distribution Finance Capital Holdings’ earnings history below. Of course, the future is what really matters.

    earnings-and-revenue-growth
    AIM:DFCH Earnings and Revenue Growth November 9th 2025

    Since institutional investors own more than half the issued stock, the board will likely have to pay attention to their preferences. We note that hedge funds don’t have a meaningful investment in Distribution Finance Capital Holdings. Looking at our data, we can see that the largest shareholder is Watrium AS with 19% of shares outstanding. With 11% and 9.1% of the shares outstanding respectively, Janus Henderson Group plc and River Global Investors LLP are the second and third largest shareholders.

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  • Here’s What Analysts Are Forecasting For This Year

    Here’s What Analysts Are Forecasting For This Year

    BT Group plc (LON:BT.A) shareholders are probably feeling a little disappointed, since its shares fell 3.4% to UK£1.79 in the week after its latest half-year results. It was an okay result overall, with revenues coming in at UK£9.8b, roughly what the analysts had been expecting. Following the result, the analysts have updated their earnings model, and it would be good to know whether they think there’s been a strong change in the company’s prospects, or if it’s business as usual. So we gathered the latest post-earnings forecasts to see what estimates suggest is in store for next year.

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    LSE:BT.A Earnings and Revenue Growth November 9th 2025

    Taking into account the latest results, BT Group’s 15 analysts currently expect revenues in 2026 to be UK£19.9b, approximately in line with the last 12 months. Statutory earnings per share are predicted to surge 53% to UK£0.15. Before this earnings report, the analysts had been forecasting revenues of UK£19.9b and earnings per share (EPS) of UK£0.14 in 2026. So the consensus seems to have become somewhat more optimistic on BT Group’s earnings potential following these results.

    Check out our latest analysis for BT Group

    There’s been no major changes to the consensus price target of UK£2.06, suggesting that the improved earnings per share outlook is not enough to have a long-term positive impact on the stock’s valuation. The consensus price target is just an average of individual analyst targets, so – it could be handy to see how wide the range of underlying estimates is. There are some variant perceptions on BT Group, with the most bullish analyst valuing it at UK£3.12 and the most bearish at UK£1.35 per share. Note the wide gap in analyst price targets? This implies to us that there is a fairly broad range of possible scenarios for the underlying business.

    Taking a look at the bigger picture now, one of the ways we can understand these forecasts is to see how they compare to both past performance and industry growth estimates. We would also point out that the forecast 1.1% annualised revenue decline to the end of 2026 is roughly in line with the historical trend, which saw revenues shrink 1.3% annually over the past five years By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to see their revenue grow 1.9% per year. So while a broad number of companies are forecast to grow, unfortunately BT Group is expected to see its revenue affected worse than other companies in the industry.

    The biggest takeaway for us is the consensus earnings per share upgrade, which suggests a clear improvement in sentiment around BT Group’s earnings potential next year. Fortunately, the analysts also reconfirmed their revenue estimates, suggesting that it’s tracking in line with expectations. Although our data does suggest that BT Group’s revenue is expected to perform worse than the wider industry. The consensus price target held steady at UK£2.06, with the latest estimates not enough to have an impact on their price targets.

    Keeping that in mind, we still think that the longer term trajectory of the business is much more important for investors to consider. We have estimates – from multiple BT Group analysts – going out to 2028, and you can see them free on our platform here.

    Don’t forget that there may still be risks. For instance, we’ve identified 3 warning signs for BT Group that you should be aware of.

    Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

    This 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.

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  • Chinese-built wind power project empowers locals, improves lives in South Africa-Xinhua

    Chinese-built wind power project empowers locals, improves lives in South Africa-Xinhua

    This photo taken on Oct. 22, 2025 shows wind turbines of De Aar Wind Power Project in De Aar, Northern Cape, South Africa.(Xinhua/Han Xu)

    by Xinhua writer Wang Lei

    CAPE TOWN, Nov. 9 (Xinhua) — On a breezy afternoon across the arid plains of South Africa’s Northern Cape Province, 31-year-old Xolani Taute stood beneath a towering white wind turbine, its blades slicing through the blue sky above the small town of De Aar.

    Once an unemployed electrician with little prospect of further study or steady work, he is now a trainee wind turbine technician — a testament to how renewable energy is transforming local lives.

    “Longyuan has changed my life in many ways,” Taute told Xinhua, his eyes lit up with excitement. “I am very proud of what Longyuan has done here in De Aar.”

    Four years ago, Taute was struggling to find work until he learned that Longyuan South Africa Renewables Ltd. (Longyuan SA), a wholly owned subsidiary of China Energy Investment Group’s (CHN Energy) Longyuan Power Group Corporation Ltd., was recruiting for its De Aar Wind Power Project. He applied and, to his surprise, was offered not just a job but a future.

    Longyuan SA sponsored his training at a technical college in Cape Town. He later received hands-on training at the De Aar wind farm before joining the company in 2023 as a wind turbine technician trainee.

    “They paid for my college and my accommodation, transport fee, food fee, everything,” Taute recalled.

    For him, the greatest benefit to local youth like him was not simply employment but the opportunity to learn and master new technology. “By teaching people, you are giving them that skill for renewable energy,” he said. “It is like an advantage for them so that in the future they can get jobs.”

    Completed in 2017, the De Aar Wind Power Project stands as a flagship example of China-South Africa cooperation under the Belt and Road Initiative.

    With an investment of about 2.5 billion RMB (about 352 million U.S. dollars) and a total installed capacity of 244.5 megawatts, it is the first wind project in Africa developed, built and operated by a Chinese power company, emerging as the largest operational wind farm in South Africa. Its 163 turbines generate roughly 770 million kilowatt-hours of clean electricity each year, powering some 300,000 South African homes and easing the country’s power shortages.

    Beyond delivering green energy, Longyuan SA has focused on “teaching people to fish” — nurturing local talent, improving livelihoods and stimulating regional growth.

    So far, the project has trained over 110 young technicians, with more than 80 percent of its workforce now composed of local employees, many of whom hold key operational and management positions. “Now I am able to support my family, and my sisters and my brothers,” said Taute. “They changed my life.”

    Thabiso Moleko, a deployment counselor with the De Aar Department of Employment and Labor, said that the wind power project has fostered skills development among local people.

    “People now are having these skills,” Moleko said. “They are not only going to use them within their company but also with other companies. That means more job creation in the future, and poverty is decreasing, leading to greater economic growth in South Africa, not only in the Northern Cape but across the country as well.”

    Longyuan SA also runs a scholarship program worth about 4.5 million rand (about 263,200 U.S. dollars) annually to help students from humble backgrounds pursue their education. So far, 390 students have benefited, including 30-year-old Daswin Basson, now a senior maintenance technician at the De Aar Project.

    “It gave me the opportunity to build my career and make something of my life when I had no financial means to do so,” Basson said. “I hope that I can continue with that work and can continue to give young people the opportunity to grow and succeed.”

    During their lunch break, Taute and Basson came to a nearby sports field — once a barren patch of dirt, now a vibrant community hub restored with funding from Longyuan SA.

    “We say that ‘a child in sport is a child out of court,’ and thus it is contributing to that. Our crime has dropped, and most of our youth are enjoying this facility,” said Ronald Faul, De Aar sports facilities supervisor.

    In a town with limited medical facilities, residents often spot a white mobile clinic bus making its rounds, which is another initiative by Longyuan SA.

    Equipped with dental and eye-care units, the bus provides free medical services to around 9,000 residents each year and has served more than 50,000 people since its launch in 2020. Nkulukelo Mazibuko, a 29-year-old optometrist on board, said the clinic is a lifeline for many.

    “Some people, especially the old people, cannot walk to the clinic. They don’t have money to go to the hospital either. When we come here, we provide service near them and it is free,” he said.

    The company’s social responsibility programs also include sponsoring local old-age homes to ensure food and care for impoverished elders, building and operating early childhood centers to provide free education for hundreds of children from low-income and special-needs families, and investing millions of rand to repair the town’s water infrastructure, replacing aging pipes and cleaning reservoirs to secure safe drinking water for more than 2,000 residents.

    “De Aar has really, really, really benefited so much,” said Moleko. “In the future, as a resident of the Northern Cape myself, we are really hoping to work hand in hand with the company, and we really want to see a big collaboration, want to see people working, want to see a better De Aar, want to see a better South Africa.”

    An aerial drone photo taken on Oct. 22, 2025 shows a substation of De Aar Wind Power Project in De Aar, Northern Cape, South Africa. (Xinhua/Han Xu)

    Thabiso Moleko, a deployment counselor with the De Aar Department of Employment and Labor, speaks during an interview with Xinhua in De Aar, Northern Cape, South Africa, Oct. 23, 2025. (Xinhua/Han Xu)

    Daswin Basson poses for a photo at a substation of De Aar Wind Power Project in De Aar, Northern Cape, South Africa, Oct. 22, 2025.(Xinhua/Han Xu)

    A teacher interacts with children at an early childhood education center operated by Longyuan South Africa Renewables Ltd. in De Aar, Northern Cape, South Africa, Oct. 22, 2025.(Xinhua/Han Xu)

    This photo taken on Oct. 22, 2025 shows a mobile clinic bus purchased by Longyuan South Africa Renewables Ltd. in De Aar, Northern Cape, South Africa.(Xinhua/Han Xu)

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  • Assessing Valuation After Today’s 2% Share Price Uptick

    Assessing Valuation After Today’s 2% Share Price Uptick

    PagerDuty (PD) shares edged up around 2% today, catching some attention among software investors. While there was no major news announcement, the stock’s modest bump stands out, especially given its recent underperformance this year.

    See our latest analysis for PagerDuty.

    PagerDuty’s 2% share price lift today brings a small but welcome uptick, considering its 2024 performance has been disappointing, with a year-to-date share price decline of nearly 14% and a 12-month total shareholder return loss of over 22%. While that hints at momentum still struggling to recover, the latest move may reflect shifting sentiment or a growing sense that the risk/reward balance is starting to look more attractive in light of recent results and sector dynamics.

    If PagerDuty’s momentum has you rethinking your strategy, it could be the right moment to broaden your perspective and uncover fast growing stocks with high insider ownership

    But with shares trading at a notable discount to analyst targets and recent earnings growth outpacing revenue, is PagerDuty now undervalued or is the market already factoring in any turnaround? Could this be an overlooked buying opportunity?

    The most popular narrative sees PagerDuty’s fair value at just above $19, compared to a last close of $15.49. This suggests the consensus believes the market is still missing some upside. With the current price notably below projected value, investors are left to weigh whether improving earnings prospects will be realized.

    The rapid growth in usage and complexity of digital infrastructure, especially within AI-native and large enterprise customers, along with record platform utilization (over 25% year-over-year growth), points to rising demand for PagerDuty’s core incident management and automation offerings. These trends can drive strong future recurring revenue as digital transformation accelerates globally.

    Read the complete narrative.

    Want to see why analysts are backing this higher valuation? The secret is a bold earnings turnaround, surging adoption, and a powerful margin shift that underpin the entire narrative. What are the underlying assumptions shaping this outlook? Dig into the details to uncover the full story driving this ambitious price target.

    Result: Fair Value of $19.14 (UNDERVALUED)

    Have a read of the narrative in full and understand what’s behind the forecasts.

    However, unexpected customer downgrades or rising competition could quickly weaken the case for a sustained rebound in PagerDuty’s share price.

    Find out about the key risks to this PagerDuty narrative.

    If you see things differently or want to dig deeper on your own terms, you can craft a personalized take on PagerDuty’s outlook in just minutes. Do it your way

    A good starting point is our analysis highlighting 5 key rewards investors are optimistic about regarding PagerDuty.

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    This 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.

    Companies discussed in this article include PD.

    Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com

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  • Assessing Brookfield Business Partners (NYSE:BBU) Valuation After Recent Share Price Volatility

    Assessing Brookfield Business Partners (NYSE:BBU) Valuation After Recent Share Price Volatility

    Brookfield Business Partners (NYSE:BBU) stock’s movement over the past month has caught the attention of investors, with shares gaining roughly 26% in the past 3 months despite some recent volatility. Many are weighing the company’s long-term prospects in comparison with shorter-term trends.

    See our latest analysis for Brookfield Business Partners.

    Brookfield Business Partners has delivered a strong 31% year-to-date share price return. However, recent bouts of volatility brought a sharp pullback this past week. Even with these short-term swings, the company’s one-year total shareholder return of 25% shows momentum is still on its side and suggests confidence in its long-term strategy is building.

    If recent market action has sparked your curiosity, now is a great time to broaden your scope and discover fast growing stocks with high insider ownership

    With shares trading around $31, about 22% below the average analyst price target, investors must now decide whether Brookfield Business Partners represents an undervalued opportunity or if the market has already priced in future growth expectations.

    Brookfield Business Partners is trading at a price-to-sales ratio of only 0.2x, significantly lower than both its closest peers and broader industry benchmarks. With the share price at $31.04, investors are paying less per dollar of revenue than is typical for this sector.

    The price-to-sales (P/S) ratio indicates how much investors are willing to pay for each dollar of a company’s sales. For capital goods and industrial businesses, this metric is valuable because it sidesteps profitability issues and focuses on the company’s core revenues, a fundamental driver in industries with fluctuating earnings or in turnarounds.

    This deeply discounted multiple suggests that the market is skeptical about Brookfield Business Partners’ ability to convert sales into sustainable profitability, especially since the company is currently unprofitable. However, it also hints at a potential opportunity if the business can execute a turnaround or improve margin performance.

    Compared to the global Industrials average of 0.8x and peer group average of 1.2x, Brookfield Business Partners’ P/S ratio stands out as particularly low. This level marks a material discount, which could narrow if the company demonstrates more consistent results or sector sentiment shifts.

    See what the numbers say about this price — find out in our valuation breakdown.

    Result: Price-to-Sales of 0.2x (UNDERVALUED)

    However, persistent unprofitability and ongoing market skepticism could continue to weigh on the stock. This may limit its upside even if revenues remain strong.

    Find out about the key risks to this Brookfield Business Partners narrative.

    Looking at Brookfield Business Partners through the lens of our DCF model offers a strikingly different perspective. This method estimates the company is worth significantly more and values the stock at $135.18 compared to its current price of $31.04, suggesting it may be deeply undervalued right now. If both approaches produce such varied results, which story should investors trust?

    Look into how the SWS DCF model arrives at its fair value.

    BBU Discounted Cash Flow as at Nov 2025

    Simply Wall St performs a discounted cash flow (DCF) on every stock in the world every day (check out Brookfield Business Partners for example). We show the entire calculation in full. You can track the result in your watchlist or portfolio and be alerted when this changes, or use our stock screener to discover 874 undervalued stocks based on their cash flows. If you save a screener we even alert you when new companies match – so you never miss a potential opportunity.

    If you want to dig deeper, question these conclusions, or bring your own insights to the table, you can craft a personalized narrative in just a few minutes. Do it your way

    A great starting point for your Brookfield Business Partners research is our analysis highlighting 1 key reward and 1 important warning sign that could impact your investment decision.

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    This 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.

    Companies discussed in this article include BBU.

    Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com

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  • Why Janux Therapeutics (JANX) Draws Analyst Optimism Despite Widening Year-to-Date Losses

    Why Janux Therapeutics (JANX) Draws Analyst Optimism Despite Widening Year-to-Date Losses

    • Janux Therapeutics reported its third-quarter 2025 results, posting a net loss of US$24.31 million, an improvement from US$28.06 million a year earlier, while its nine-month net loss grew year-over-year to US$81.68 million.

    • Despite continued losses, major analysts reaffirmed positive outlooks after the announcement, signaling ongoing confidence in Janux Therapeutics’ future potential.

    • We’ll explore how analyst confidence in the face of widening year-to-date losses shapes the investment narrative for Janux Therapeutics.

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    Investors considering Janux Therapeutics right now need to believe in the potential for breakthrough innovation in biotechnology, even as the company continues to post sizable net losses and a long path to profitability. The latest quarterly results showed a slightly narrower net loss for the third quarter, but year-to-date losses grew compared to last year, highlighting ongoing spending behind early-stage clinical programs and new product platforms. Despite these financial numbers, leading analysts reiterated positive ratings and substantially higher price targets, which suggests no material shift in sentiment or short-term catalysts as a result of the news. Key events to watch remain progress in clinical trials, any changes in partnership momentum, and the company’s capacity to manage its cash runway as losses accumulate. On the risk side, management turnover and the absence of a clear profitability timeline remain front of mind, especially given the ongoing increase in losses. Yet, the scale of those financial risks is something every shareholder should keep front of mind.

    Our valuation report here indicates Janux Therapeutics may be overvalued.

    JANX Earnings & Revenue Growth as at Nov 2025

    Three retail investors in the Simply Wall St Community provided fair value estimates for Janux ranging from US$48 to US$150 per share. With this broad spectrum of viewpoints, it’s clear that perspectives on Janux’s value are widely split. As you weigh these estimates, remember that clinical progress and the ability to control ongoing losses could make a decisive difference for the company’s future.

    Explore 3 other fair value estimates on Janux Therapeutics – why the stock might be worth over 5x more than the current price!

    Disagree with this assessment? Create your own narrative in under 3 minutes – extraordinary investment returns rarely come from following the herd.

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    This 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.

    Companies discussed in this article include JANX.

    Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com

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  • Assessing Sana Biotechnology’s (SANA) Valuation After Strategic Refocus and Encouraging Clinical Updates

    Assessing Sana Biotechnology’s (SANA) Valuation After Strategic Refocus and Encouraging Clinical Updates

    Sana Biotechnology (SANA) caught investor attention after unveiling a focused strategy that prioritizes its SC451 type 1 diabetes and SG293 in vivo CAR T programs. In addition to recent positive clinical results, the company reported a smaller net loss for the quarter, surpassing expectations.

    See our latest analysis for Sana Biotechnology.

    Sana Biotechnology’s fresh strategic focus and encouraging clinical news have re-energized the stock, with a 147.9% year-to-date share price return making it one of the most eye-catching movers in biotech. Momentum is building as investors warm to the potential of its flagship programs, even though the company’s three-year total shareholder return is still in the red.

    If biotech’s rebound has sparked your curiosity, it is a perfect moment to explore breakthrough leaders with our healthcare stocks screener See the full list for free.

    But with shares already up nearly 150% this year and analysts forecasting even more upside, the real question is whether Sana Biotechnology is undervalued or if the market has already accounted for its future growth potential.

    Sana Biotechnology’s shares trade at a price-to-book (P/B) ratio of 5.6x, making the stock appear expensive compared to its peers and the broader industry benchmarks.

    The P/B ratio compares a company’s market price to its book value, giving investors a sense of how much they are paying for each dollar of net assets. In the biotech sector, this metric can sometimes be distorted by heavy R&D spending and a lack of ongoing profits. It still serves as a useful signal when evaluating early-stage or pre-revenue businesses such as SANA.

    At 5.6x, SANA trades at more than double the US Biotechs industry average of 2.5x and above the peer average of 4.4x. This reflects a substantial premium, despite Sana Biotechnology being unprofitable and forecast to remain so over the next several years. The market is therefore pricing in significant optimism or hopes for future transformative breakthroughs that are not yet reflected in the company’s current financials.

    See what the numbers say about this price — find out in our valuation breakdown.

    Result: Price-to-Book of 5.6x (OVERVALUED)

    However, sustained losses and the company’s lack of revenue could challenge optimism if clinical or strategic progress stalls in the coming quarters.

    Find out about the key risks to this Sana Biotechnology narrative.

    If you see things differently or want to investigate the numbers on your own terms, you can craft your own take in just a few minutes with Do it your way.

    A great starting point for your Sana Biotechnology research is our analysis highlighting 1 key reward and 6 important warning signs that could impact your investment decision.

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    This 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.

    Companies discussed in this article include SANA.

    Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com

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  • ‘Black Fraud Day’: shoppers warned over Black Friday scams | Scams

    ‘Black Fraud Day’: shoppers warned over Black Friday scams | Scams

    Black Friday is coming up and you are looking forward to saving some money on Christmas presents. There are lots of offers coming into your inbox so it is difficult to sift through them all but then you see a great bargain from your favourite clothes shop.

    You follow the link from the email in the hope of bagging one of the few remaining jumpers you have had your eye on. The website looks identical to the one you have been on many times so you pay your money for the jumper via bank transfer and settle back, content that you have secured a bargain.

    The jumper will never arrive, however, as you have fallen for one of the many scams that have caused Black Friday to be called Black Fraud Day by one expert.

    This year Black Friday falls on 28 November, but discounts and offers are advertised by some retailers week in advance. The National Cyber Security Centre (NCSC) has warned people to be on their guard in the run up to the day, and to stop the minute a purchase appears suspicious.

    The cybersecurity firm Darktrace says there has been a sharp rise in the number of malicious emails mentioning Black Friday through October, with most coming on the last day of the month.

    Jonathon Ellison, the director for national resilience at the NCSC, adds: “This is … a time when cyber criminals seek to exploit our increased spending, using trusted brands, popular products, and current events to deceive people into clicking malicious links or sharing personal and financial information.”

    The increased availability of artificial intelligence tools means criminals can create authentic-looking websites mimicking famous brands and potentially duping people into handing over money.

    They may also create fake small businesses, says Adrian Ludwig of Tools for Humanity, a tech company.

    “With AI, fraudsters can now create entire deceptive small-business identities, complete with faces, stories and photo-perfect shops in just minutes,” he says.

    What the scam looks like

    The offer may come via email or you may see it on social media, posted from an account which was created recently.

    The Consumer group Which? says that unrealistically low prices which are inconsistent with other sites should be one of the first alerts.

    When you click through you may find a website which is not fully developed. It may not have a privacy policy, a postage address or an “about us” page.

    Instead of asking you to pay by credit or debit card, it will request a bank transfer, the preferred method of moving money by organised crime gangs. Website that ask for payment by cryptocurrency should also raise alarm bells.

    The illegitimate site may also have an impersonated URL. “Scammers will turn John Lewis into J0hn Lewis (with a zero) … to trick rushed consumers,” said Nathaniel Jones of Darktrace.

    There will often be an element of urgency to the sale – the site might say you only have a few minutes to secure the deal, or claim there are only a few items left in stock and that you should act immediately to secure one.

    What to do

    The NCSC advises anyone who receives an email they suspect is a scam to forward it to the Suspicious Email Reporting Service. Suspicious text messages should be sent to 7726.

    If you become a victim of fraud and lose money to a scam, in the UK contact Action Fraud, the national reporting centre for fraud.

    But mostly, be alert. If there is anything even remotely suspicious about a sale, stop and think. Try to use a credit card for payments, as in the UK many sales will be protected under the Consumer Credit Act 1974.

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  • Strong Revenue Growth Amidst …

    Strong Revenue Growth Amidst …

    This article first appeared on GuruFocus.

    Release Date: November 06, 2025

    For the complete transcript of the earnings call, please refer to the full earnings call transcript.

    • Pirelli & C SpA (PLLIF) reported organic revenue growth of 3.7% for the first nine months of 2025, driven by a strong commercial strategy in the high-value segment.

    • The company maintained a high profitability margin of 16.1%, outperforming peers and demonstrating effective internal management.

    • Pirelli’s technological leadership was reinforced through product innovation, including the development of the Cyberdyne technology, which received recognition for its innovation in smart mobility.

    • The company has made significant strides in sustainability, with 100% of electricity for its plants sourced from renewables and a focus on eco-friendly products.

    • Pirelli successfully reduced its debt by approximately 280 million year-on-year, showcasing effective financial management and cash generation.

    • The macroeconomic environment remains volatile, with challenges such as geopolitical tensions, trade tariffs, and exchange rate fluctuations impacting operations.

    • Pirelli faces a negative impact from US tariffs, with an estimated gross impact of 60 million for 2025, despite mitigation efforts.

    • The company experienced a decline in standard tire sales, particularly in South America, due to increased competition from Chinese imports.

    • Exchange rate depreciation negatively impacted financial results, with a 3.4% adverse effect on revenues.

    • The automotive market remains uncertain, with volatility in original equipment demand and disruptions in the supply chain affecting future projections.

    Q: How do you see the inventory levels overall and for high-value tires, and do you expect any softening in replacement demand? A: Unidentified_3: The stock levels are quite normalized globally. In Europe, due to the winter season, stock levels are high, which is normal. The market replacement in Q4 is expected to be positive, around 4-5% in high-value replacement, with good performance expected in China and Europe, depending on weather conditions.

    Q: Are there plans for further efficiency improvements next year, and what impact do you expect from raw materials in 2026? A: Unidentified_3: We plan to continue our efficiency programs, focusing on automation, digitization, and electrification of factories. We expect a tailwind from raw materials, with an estimated benefit of 30-40 million concentrated in the first half of 2026.

    Q: What is your perspective on competition from Asian tire manufacturers, particularly in the high-tech segment? A: Unidentified_3: Chinese tire makers are growing in volume and market share but are not affecting the high-tech segment. The technology gap remains significant, with limited presence in the premium segment. In the high-value segment, Pirelli remains well-protected.

    Q: Can you provide insights into the governance situation and whether a stock-funded acquisition is being considered? A: Unidentified_2: No stock-funded acquisition is being considered. The government is negotiating to resolve governance issues, but no extraordinary transactions are on the table.

    Q: How do you view the pricing environment in the US, and are there any imbalances in the sector? A: Unidentified_3: We are renegotiating commercial conditions in the US to mitigate duties impact, reviewing terms with carmakers and distributors. We do not perceive any significant imbalance in the sector and are managing challenges effectively.

    For the complete transcript of the earnings call, please refer to the full earnings call transcript.

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  • Here’s What Analysts Think Will Happen Next

    Here’s What Analysts Think Will Happen Next

    It’s been a good week for Deutsche Post AG (ETR:DHL) shareholders, because the company has just released its latest quarterly results, and the shares gained 8.1% to €43.01. Revenues were €20b, approximately in line with whatthe analysts expected, although statutory earnings per share (EPS) crushed expectations, coming in at €0.75, an impressive 24% ahead of estimates. Following the result, the analysts have updated their earnings model, and it would be good to know whether they think there’s been a strong change in the company’s prospects, or if it’s business as usual. So we collected the latest post-earnings statutory consensus estimates to see what could be in store for next year.

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    XTRA:DHL Earnings and Revenue Growth November 9th 2025

    Following last week’s earnings report, Deutsche Post’s 14 analysts are forecasting 2026 revenues to be €85.5b, approximately in line with the last 12 months. Statutory earnings per share are predicted to increase 3.6% to €3.27. Yet prior to the latest earnings, the analysts had been anticipated revenues of €85.8b and earnings per share (EPS) of €3.24 in 2026. The consensus analysts don’t seem to have seen anything in these results that would have changed their view on the business, given there’s been no major change to their estimates.

    View our latest analysis for Deutsche Post

    There were no changes to revenue or earnings estimates or the price target of €42.81, suggesting that the company has met expectations in its recent result. The consensus price target is just an average of individual analyst targets, so – it could be handy to see how wide the range of underlying estimates is. Currently, the most bullish analyst values Deutsche Post at €60.00 per share, while the most bearish prices it at €34.00. This is a fairly broad spread of estimates, suggesting that analysts are forecasting a wide range of possible outcomes for the business.

    Taking a look at the bigger picture now, one of the ways we can understand these forecasts is to see how they compare to both past performance and industry growth estimates. It’s pretty clear that there is an expectation that Deutsche Post’s revenue growth will slow down substantially, with revenues to the end of 2026 expected to display 1.4% growth on an annualised basis. This is compared to a historical growth rate of 3.2% over the past five years. Compare this against other companies (with analyst forecasts) in the industry, which are in aggregate expected to see revenue growth of 3.8% annually. So it’s pretty clear that, while revenue growth is expected to slow down, the wider industry is also expected to grow faster than Deutsche Post.

    The most important thing to take away is that there’s been no major change in sentiment, with the analysts reconfirming that the business is performing in line with their previous earnings per share estimates. Fortunately, the analysts also reconfirmed their revenue estimates, suggesting that it’s tracking in line with expectations. Although our data does suggest that Deutsche Post’s revenue is expected to perform worse than the wider industry. There was no real change to the consensus price target, suggesting that the intrinsic value of the business has not undergone any major changes with the latest estimates.

    Following on from that line of thought, we think that the long-term prospects of the business are much more relevant than next year’s earnings. We have estimates – from multiple Deutsche Post analysts – going out to 2027, and you can see them free on our platform here.

    However, before you get too enthused, we’ve discovered 1 warning sign for Deutsche Post that you should be aware of.

    Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

    This 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.

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