by Rowan Goeller | Mar 1, 2023 | Construction and Basic Materials
Key message: The Australian exit is complete, and activity levels in South Africa are picking up. Back to business as usual for WBHO. WBHO released 1H FY23 results. Overall revenue and operating profit increased by 15% and 10% respectively with the operating margin...
by Rowan Goeller | Jan 29, 2023 | Construction and Basic Materials
Key message: Afrimat has another side to it – incredibly strong community and government relationships. This may actually be their greatest asset. Afrimat hosted a site visit to the Nkomati Anthracite Mine in Mpumalanga. The mine has two open pits and an underground...
by Rowan Goeller | Dec 8, 2022 | Construction and Basic Materials
Key message: Clough and MRPL (M&R holding company Australia) have been put into voluntary administration. This pulls RUC into the administration process. Australia remains ringfenced from the Group. Murray & Roberts announced the proposed sale of Clough to...
by Rowan Goeller | Nov 29, 2022 | Construction and Basic Materials
Key message: Weakening demand and market share wars have decimated margins. Planned price increases (12-15%) need to stick to recover cost increases. PPC released 1H FY23 results, with revenue up by 9% (excl. Zimbabwe). Excl. Zimbabwe, costs increased by 11%....
by Rowan Goeller | Nov 8, 2022 | Construction and Basic Materials
Key message: The order book growth has stalled and while growth prospects remain good there is timing risk for replacement work. Raubex reported 1H FY23 results, with revenue and operating profit increasing by 23% and 26% respectively. HEPS increased 16% to 159c. A...
