by Rowan Goeller | May 11, 2021 | Construction and Basic Materials
Margin uplift imminent Key message: Raubex has a full order book in the Roads division – and will now selectively bid at higher margins. Capacity looks to be filling up for large roads/civil projects – pricing power is moving back to the remaining large contractors....
by Rowan Goeller | Apr 13, 2021 | Construction and Basic Materials
Key message: 2H FY21 looks to have recovered well after a Covid-impacted 1H. Apart from normalised SANRAL work, Raubex is growing its infrastructure and general contracting order book. Raubex released a Trading Update for FY21 (to end-Feb 2021).HEPS is expected to be...
by Rowan Goeller | Apr 7, 2021 | Construction and Basic Materials
Key message: The removal of the contingent liabilities for the DRC debt is a significant step for PPC. This has allowed a deferment (and possible review) of a potential capital raise in South Africa to September 2021. PPC released a refinancing and operational update...
by Rowan Goeller | Mar 10, 2021 | Construction and Basic Materials
Key message: We update our forecasts for the very strong iron ore prices as FY21 is now over. A higher medium-term iron ore price outlook increases our earnings forecasts. Afrimat’s FY21 year is complete, and we update our forecasts for the higher-than-expected iron...
