by Gerhard Engelbrecht | Oct 8, 2021 | Industrials
ADvTECH announced impressive 1H21 results, a 31% rise in normalised HEPS and a resumption of dividends (19c DPS). Growth is to some extent distorted by a lower base given the impact of COVID-19 on 1H20 results (normalised HEPS declined 2%). A sharp recovery was seen...
by Rowan Goeller | Oct 6, 2021 | General, Industrials
by Gerhard Engelbrecht | Aug 3, 2021 | Industrials
We recently met with various executives at EOH to better understand and appreciate the changes to the business since last meeting the company in 2018, prior to the appointment of Stephen van Coller as CEO. In the past two years it is one of the most reported on SA...
by Rowan Goeller | Dec 3, 2020 | Industrials
New Vehicle Sales – November 2020 Key message: NAAMSA has changed the way they report new vehicle sales by brand. Passenger and Light Commercial Vehicles are now grouped together. We have adjusted our tables and charts accordingly. NAAMSA released November 2020 new...
by Rowan Goeller | Sep 2, 2020 | Construction and Basic Materials, Industrials
Key message: Solid results with strong cash generation notwithstanding the COVID impact. Strong sales growth post YE is providing FY21 with a good start – but pent-up demand levels (and supply disruptions) are distorting the real underlying demand levels. Cashbuild...
