by Rowan Goeller | Nov 1, 2022 | Construction and Basic Materials
Key message: 2H should see revenue of approx. R1bn as units under construction are transferred. A strong pipeline (with Frankenwald doubling opportunities) with short to medium-term infrastructure costs mostly expensed should ensure sustainable earnings. Calgro...
by Rowan Goeller | Oct 31, 2022 | Construction and Basic Materials
Key message: Consistent volume growth remains the key value driver, and diversification reduces iron ore exposure. Afrimat released 1H FY23 results, with HEPS declining 15% to 252c on a 7% increase in revenue and 12% decrease in operating profit. Lower iron ore prices...
by Rowan Goeller | Sep 14, 2022 | Construction and Basic Materials
Key message: The cost to exit Australia seems certain now – the A$135m guided in June 2022 still applies. A strongly growing order book in continuing operations points to a positive outlook. WBHO released FY22 results. Overall revenue and operating profit from...
