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...
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...
