by Gerhard Engelbrecht | May 20, 2026 | Construction and Basic Materials
Key message: The Bankenveld project secures a long-term pipeline with a strategic focus to reduce the number of projects under development. Calgro released FY26 results. HEPS declined 8% to 156.76c on a 3% increase in revenue. The gross profit margin declined to 27.2%...
by Gerhard Engelbrecht | May 14, 2026 | Construction and Basic Materials
Key message: Roads and renewable energy keep the order book full – but as yet no general infrastructure spend uptick. Raubex reported FY26 results. HEPS increased by 2% to 611.3c on a 5% and 12% increase in revenue and operating profit respectively. A final dividend...
by Gerhard Engelbrecht | May 5, 2026 | Construction and Basic Materials
Key message: We value PPC at R10 as a deal price should Heidelberg make an eventual offer. Heidelberg Materials has been reported as considering a bid for PPC. Heidelberg has assets in West Africa and has long been a potential suitor for PPC. There is no offer on the...
by Gerhard Engelbrecht | Apr 21, 2026 | Construction and Basic Materials
Key message: A loss in 2H was driven mostly by the temporary ferrochrome smelter closures. Afrimat released a Trading Statement for FY26. HEPS is expected to increase by 27-37% to 91.8 – 99.1c. Key takeaways from the Results: The update infers a loss in 2H of 2-10c....
