Invicta Holdings –FY23 Results
Key message: Resilient demand from key sectors should allow earnings stability at least, with continued strong cash generation.
Auto Anemometer: New Vehicle Sales – June 2023
Key message: Strong month for light commercial sales, but passenger sales feeling the pinch of higher interest rates.
Omnia – FY23 Results
Key message: Better able to negotiate volatile commodity prices, we forecast growth into FY24 boosted by operational efficiencies.
Afrimat – Lafarge Acquisition
Key message: Another cheap acquisition, another 2-3 year payback on investment.
Eskom Loadshedding Monitor
Key message: We release our initial Loadshedding Forecast. The UCLF has improved over recent weeks – but remains volatile.
Motus Holdings – Analyst Day
Key message: Diversification will help through weakening markets, with MPD looking to contribute substantially.
Raubex – FY23 Results
Key message: The Beit Bridge project completion leaves a large hole in profits – significant revenue growth is required to replace this.
Auto Anemometer: New Vehicle Sales – May 2023
Key message: Light commercial sales continue to be strong, but passenger sales are impacted by multiple headwinds.
Zeda – 1H FY23 Results
Key message: Strong result but margin pressure and increased finance costs could be a burden on earnings going forward.
Nampak –1H FY23 Results
Key message: A focus on renegotiating imbalanced pricing contracts will be key to a sustainable future.