by Rowan Goeller | Jun 25, 2021 | Construction and Basic Materials
Key message: FY22 will be a normal year and should reflect the real operational performance. While cement volumes will probably stabilise at 2H FY21 levels, average prices (up 3-4%) and volumes (up 10-12%) in FY22 should drive good earnings growth. PPC released FY21...
by Rowan Goeller | Jun 10, 2021 | Construction and Basic Materials
Key message: FY21 will be a messy result, but underlying cement operations are experiencing strong demand with price increases holding. Expect margin guidance of +20% in the SA cement business. PPC released a trading update for FY21. Group EPS is expected to be...
by Rowan Goeller | Jun 7, 2021 | Construction and Basic Materials
A Rapid Transformation Key message: Afrimat will rapidly transition into a mid-scale mining house, with revenues set to triple over the next three years and debt forecast to fully paid off at the end of that period. Afrimat released FY21 results, with HEPS up 27% to...
by Rowan Goeller | May 21, 2021 | Construction and Basic Materials
Key message: A significant recovery in 2H as the business stabilises and development activities resume. A strong pipeline of units under construction supports revenue growth into FY22. Calgro released FY21 results. The 2H FY21 result showed a significant recovery over...
by Rowan Goeller | May 21, 2021 | Construction and Basic Materials
Key message: Manganese has been on the cards for some time – Afrimat has made it move. High iron ore prices will help fund the development of this greenfield deposit. Afrimat announced the acquisition of the Gravenhage manganese mining right in the Northern Cape (50km...
