by Rowan Goeller | Sep 7, 2021 | Construction and Basic Materials
Key message: Actively managing down the order book should improve the quality of earnings. Signs of a recovery in the mining sector is a positive for WBO. WBHO released FY21 results. HEPS swung back to profitability with reduced loses in Australia off an 11% decline...
by Rowan Goeller | Aug 25, 2021 | Construction and Basic Materials
June 2021 Key message: June imports fell and the July/August levels are likely to fall substantially due to the looting and disruptions around the port of Durban. June 2021 saw imports of 57 958 tons.The 12-month rolling annual import level is 1.255m tons, up 43% on...
by Rowan Goeller | Jul 22, 2021 | Construction and Basic Materials
Key message: We update our earnings to remove the impact of the TBC deal (turned down by Competition Commission) and recent trading conditions, including the impact of the recent unrest on Cashbuild and the 4Q Operational Update. On 28 May 2021, the Competition...
by Rowan Goeller | Jul 15, 2021 | Construction and Basic Materials
May 2021 Key message: We initiate a Cement Import Monitor to track imports by port and country of origin. We initiate a Cement Import Monitor to track imports by port and country of origin.May 2021 saw imports of 95 614 tons.The 12-month rolling annual import level is...
