Hosken Passenger Logistics & Rail: Set for a good journey over the long term
IM sees considerable medium-term upside as economic activity finds traction again
Hosken Passenger Logistics and Rail (HPLR), with a market capitalisation of just on R1bn, is not biggest "mobility" stock on the JSE. Since listing — in a rather indirect fashion, by hitching onto the old KWV structure — the company has been roundly ignored by the market.
HPLR is tightly controlled by empowerment giant Hosken Consolidated Investments (HCI), and the lack of free float can sometimes prove frustrating for prospective investors.