Sharenet

I initiated tactical longs on $JSEZZD ( strong ER , cheap , plenty cash conversion) and $JSETGA ( coming coal up 8,5% after Chinese mine incident). News out on both names that we deem will bring money flow. If you looking for active trade ideas and managed accounts DM me. @sharenetsa

I mentioned both $FCEL and $ENPH as beneficiaries in the “ Bring your own Power “ solutions for Data centres rollouts. Both names up 40-70% since the shoutout last week! Come get these trades and managed accounts @sharenetsa .

Capitec is embracing the MVNO offering. One wonders now how much more integrated CellC now becomes in Capitec’s world ( when reading this article)?? Capitec would want to essentially protect this growth vertical! They have 1,5m active users with a goal of converting 9m from their 25m strong banking customer base. The argument has always been that CellC doesn’t have a moat, due to its roaming agreement with MTN. The counter argument here is CellC has Spectrum and offers this to MTN via MOCN. Therefore CellC needs MTN as much as MTN needs CellC. The other takeaway from @SimonPB article is that it’s clear CellC is likely becoming more of a “ Platform enabler “ than a traditional telco. With Subs of of 7m on prepaid and now 5,1m MVNO clients ( growing over 20% pa). CellC has the most MVNOs in SA with over 70% of the market share. More Banks / Insurers / Retailers will likely be taking a big page out of Capitec’s playbook or face getting left behind. moneyweb.co.za/news/companie…

SA exodus of founder led companies (JSE) and some that aren’t…. - $JSEOPA - 52 week lows ( Founders exit into IPO at 1900c ( high 2200c)- 1716c close yday. - $JSEWBC - 52 week lows ( Founders mostly exited 25% + higher)! - $JSEDCP - Family exodus between R30 -37 I’m to understand. Chart near 52 week highs on high valuation multiple. Only one founder / CEO led company I can see on the JSE that’s actually bought shares R194m worth ( 2,5% of company)in their respective company that’s MATERIAL over the last 6-months - $JSEBLU. Stock is languishing near 52 week lows, frustratingly. What do they know? $JSEAPN - Mr Saad bought nearly R184m worth in May 2025 around R110-120 a share. Stock is up at R140s hitting R150 this week. However the share slid for abit after this transaction - before reversing on sale of Asian biz and with more recent positive news. $JSERBX CEO bought R1m just over R40,00 ( not really material) , now R52. $JSEIVT CEO ( not Founder) Been acquiring shares since sub R4 all the way to low R30’s. stock is now around R37! $JSEDTC CEO/ Founder was buying shares around R30-40 that was a clear signal the stock was going higher. Recently hit R84. They just put out a great set of numbers hitting R78 high this week. Actions of Founders / CEOs are normally good” Signal / Guidelines” of things to come. Macro environments play a big part in timing and investor sentiment is always key in the end!

Played $FCEL early doors at $14,50 Though it hit all targets in 2 hours we decided to keep the position as our longer term prediction sits at $20 to $30. Stock is up 19% today. We also took a starter in $QS as BYOP gathers momentum. @sharenetsa

CellC ( $JSECCD ) From Investec’s 64 page coverage. Highlights : ( using conservative no”s) - Stock is 5 PE vs peers 12 PE - EV / EBITDA - 2,5 x vs 4,6 peers - FCF yield 16% vs peers 10,5% - DY in 27 of. 6,7% vs 4,2% … going to 9%. - Company already paid R500m ( Balance R1,4bn vs Handsets) at interim ( Debt), paying R300m pa. - Interest payments from R404m to R264m to 196m etc. - Means company is exp. To be NET CASH > R230m in FY 27 an R1,44bn in FY 28 - Post Divis!! - EBITDA from R3bn to R3,5bn over next FY 26 to FY 28 Don’t believe me - see below!