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IOL News
2 days ago
- Politics
- IOL News
Mobeni Heights residents unite to oppose proposed ward boundary changes
The Mobeni Heights Civic Association is opposing adjustments by the Municipal Demarcation Board (MDB). Image: eThekwini Municipality The Mobeni Heights Civic Association and the eThekwini Municipality have until June 30, 2025, to object to adjustments proposed by the Municipal Demarcation Board (MDB). They are just some of the organisations carefully reviewing the MDB proposals, which are rolling out the ward delimitation process in preparation for the 2026 local government elections (LGE). Thabo Manyoni, chairperson of the MDB Board, explained that the board delimits wards every five years preceding the LGE in compliance with the Municipal Structures Act. On Thursday, the Mobeni Heights residents launched a 'stop the split' campaign against ward boundary changes because the proposed demarcation would move Mobeni Heights and part of neighbouring Havenside into Lamontville. Denzil Davan, Mobeni Heights Civic Association chairperson, said the association aims to rally residents to submit individual objections, adding that it has actively opposed the proposal on legal, procedural, and social grounds. Key issues raised: Lack of public awareness: Most residents are unaware of the proposed change. The MDB has not widely disseminated public notices or explanatory material. The proposal violates Section 4(b) of the Municipal Structures Act, which requires the avoidance of unnecessary community fragmentation. Limited political support: Major political parties have remained silent, placing the burden of advocacy entirely on civil society. Legal criteria unmet: Objections highlight potential non-compliance with statutory voter parity limits, insufficient public participation, and unclear motivations for the shift. Davan said the association is educating the public on legal grounds for objection, hosting information sessions and mobilising door-to-door efforts. 'This is not just about redrawing lines. It is about preserving our community, our identity, and our democratic voice.' At a recent eThekwini Executive Committee (Exco) meeting, the redetermination of boundaries to move part of Cato Ridge from eThekwini to the Mkhambathini Municipality was discussed. Sipho Cele, the deputy city manager: Governance, explained that the municipality took the matter to court, intending to review the outcome. He stated that the matter is still in court, and officials are busy with the papers. According to Cele, the two municipalities recently met at Cato Ridge for a site visit in order to evaluate the borders and create a plan of action. Part of the land parcel to be transferred is on the plans of the dry port in Cato Ridge. Among the concerns raised. The infrastructure that belongs to the municipality and that is servicing the community of eThekwini, Cato Ridge Library, Cato Ridge Fire Station, Metro Police offices, and Water and Sanitation pump station/valves. Cost of servicing and maintaining the infrastructure, Losing the new Fire station that is servicing the outer west region, including Hillcrest, Gillits, and Hammersdale. Losing these will affect the services being rendered to the community of eThekwini.
Yahoo
09-06-2025
- Business
- Yahoo
3 Cash-Heavy Stocks in Hot Water
Companies with more cash than debt can be financially resilient, but that doesn't mean they're all strong investments. Some lack leverage because they struggle to grow or generate consistent profits, making them unattractive borrowers. Not all businesses with cash are winners, and that's why we built StockStory - to help you separate the good from the bad. Keeping that in mind, here are three companies with net cash positions to avoid and some better alternatives instead. Net Cash Position: $2.42 billion (13.4% of Market Cap) Started in 2007 by the team behind Google's ad platform, DoubleClick, MongoDB offers database-as-a-service that helps companies store large volumes of semi-structured data. Why Does MDB Fall Short? Historical operating margin losses show it had an inefficient cost structure while scaling Projected 1.2 percentage point decline in its free cash flow margin next year reflects the company's plans to increase its investments to defend its market position MongoDB is trading at $220.25 per share, or 7.6x forward price-to-sales. Check out our free in-depth research report to learn more about why MDB doesn't pass our bar. Net Cash Position: $175.3 million (6.2% of Market Cap) Founded in 2014, ACV Auctions (NASDAQ:ACVA) is an online auction marketplace for car dealers and wholesalers to buy and sell used cars. Why Does ACVA Give Us Pause? High servicing costs result in an inferior gross margin of 25.1% that must be offset through higher volumes Expensive marketing campaigns hurt its profitability and make us wonder what would happen if it let up on the gas Low free cash flow margin of 0.3% for the last two years gives it little breathing room, constraining its ability to self-fund growth or return capital to shareholders ACV Auctions's stock price of $16.54 implies a valuation ratio of 30.9x forward EV/EBITDA. Dive into our free research report to see why there are better opportunities than ACVA. Net Cash Position: $137.6 million (3% of Market Cap) Pioneering technologies for radio frequency power delivery, Advanced Energy (NASDAQ:AEIS) provides power supplies, thermal management systems, and measurement and control instruments for various manufacturing processes. Why Do We Pass on AEIS? Sales tumbled by 8.8% annually over the last two years, showing market trends are working against its favor during this cycle Capital intensity has ramped up over the last five years as its free cash flow margin decreased by 6.6 percentage points Eroding returns on capital suggest its historical profit centers are aging At $121.56 per share, Advanced Energy trades at 24.2x forward P/E. If you're considering AEIS for your portfolio, see our FREE research report to learn more. Donald Trump's victory in the 2024 U.S. Presidential Election sent major indices to all-time highs, but stocks have retraced as investors debate the health of the economy and the potential impact of tariffs. While this leaves much uncertainty around 2025, a few companies are poised for long-term gains regardless of the political or macroeconomic climate, like our Top 5 Growth Stocks for this month. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-micro-cap company Tecnoglass (+1,754% five-year return). Find your next big winner with StockStory today for free. 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
Yahoo
07-06-2025
- Business
- Yahoo
Why MongoDB Rallied This Week
MongoDB's first-quarter report and forward guidance impressed Wall Street. Management said the company had the most net customer adds in six years. MongoDB could be a delayed AI winner. 10 stocks we like better than MongoDB › Shares of database disruptor MongoDB (NASDAQ: MDB) rallied 17.7% this week through Friday as of 12:15 p.m. ET, according to data from S&P Global Market Intelligence. MongoDB reported its fiscal first-quarter earnings on Wednesday, trouncing analyst estimates and showing some reacceleration from the prior quarter. MongoDB has said that it would become an artificial intelligence (AI) winner once the "experimentation" phase ended and companies began to build AI-powered software applications. It looks like that may be starting now. Coming into this week, MongoDB was still wallowing in a severe downturn, having been more than cut in half since its 2021 highs and also its early 2024 highs. Revenue had been decelerating amid economic uncertainty, and management said that while it expects to see growth from the AI revolution, that growth wouldn't happen until AI moved from the experimentation phase to the application phase. In the first quarter ending in April, MongoDB began to see some of those benefits. Revenue grew 22% to $549 million, fueled by consumption-based MongoDB Atlas growth of 26%. That overall revenue figure was well above expectations, as well as the prior guidance given by the company of $524 million to $529 million. Non-GAAP (adjusted) earnings per share of $1 nearly doubled, and trounced expectations by $0.34. Management also raised full-year revenue guidance from $2.26 billion to $2.27 billion at the midpoint, and adjusted earnings-per-share figures from $2.51 to $3.03 at the midpoint. On the conference call, MongoDB noted its net customer additions were the highest in over six years, especially self-serve customers. That's really impressive, and highlights AI developers turning to MongoDB as their go-to database to handle and organize the "messiness of the real world" within data connections. Software-as-a-service stocks are generally very expensive, but if MongoDB is in fact on the brink of an acceleration, it could be one of the best values in the space. After this week's surge, shares trade around 8 times this year's revenue guidance, which is expensive for a typical stock, but reasonable for a software stock. Of note, MongoDB also has a significant amount of cash on its balance sheet, at over $2.3 billion, good for 13% of its market cap, and no debt. In terms of AI software plays, MongoDB looks like a promising opportunity, as the stock is still down markedly from its all-time highs. Before you buy stock in MongoDB, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and MongoDB wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $674,395!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $858,011!* Now, it's worth noting Stock Advisor's total average return is 997% — a market-crushing outperformance compared to 172% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 2, 2025 Billy Duberstein and/or his clients have no position in any of the stocks mentioned. The Motley Fool has positions in and recommends MongoDB. The Motley Fool has a disclosure policy. Why MongoDB Rallied This Week was originally published by The Motley Fool Sign in to access your portfolio
Yahoo
07-06-2025
- Business
- Yahoo
MongoDB price target raised to $230 from $215 at Macquarie
Macquarie raised the firm's price target on MongoDB (MDB) to $230 from $215 and keeps a Neutral rating on the shares. MongoDB's 'solid' Q1 comes as a relief after disappointing initial FY26 revenue and margin guidance provided last quarter, the analyst tells investors in a research note. The firm sees upside and downside risks as balanced. Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See today's best-performing stocks on TipRanks >> Read More on MDB: Disclaimer & DisclosureReport an Issue Morning News Wrap-Up: Thursday's Biggest Stock Market Stories MongoDB price target raised to $395 from $330 at Citi Trump-Xi call focuses on trade, PVH reports Q2 beat: Morning Buzz MongoDB price target raised to $230 from $160 at Scotiabank MongoDB Stock Explodes as Wall Street Shrugs Off Snowflake Threat Sign in to access your portfolio
Business Insider
07-06-2025
- Business
- Business Insider
MongoDB (MDB) Gets a Hold from Mizuho Securities
In a report released today, Siti Panigrahi from Mizuho Securities maintained a Hold rating on MongoDB (MDB – Research Report), with a price target of $210.00. The company's shares opened today at $227.65. Confident Investing Starts Here: Panigrahi covers the Technology sector, focusing on stocks such as Intuit, Oracle, and UiPath. According to TipRanks, Panigrahi has an average return of 0.7% and a 51.89% success rate on recommended stocks. In addition to Mizuho Securities, MongoDB also received a Hold from Macquarie's Steven Koenig in a report issued today. However, on the same day, Citi maintained a Buy rating on MongoDB (NASDAQ: MDB). Based on MongoDB's latest earnings release for the quarter ending January 31, the company reported a quarterly revenue of $548.4 million and a net profit of $15.83 million. In comparison, last year the company earned a revenue of $458 million and had a GAAP net loss of $55.46 million Based on the recent corporate insider activity of 89 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of MDB in relation to earlier this year. Most recently, in April 2025, Thomas Bull, the CAO of MDB sold 301.00 shares for a total of $52,148.25.
