We've got news for you.

Register on BusinessLIVE at no cost to receive newsletters, read exclusive articles & more.
Register now

In pondering what to write in this month’s column, I had to force myself not to comment too much on the underlying value in the agricultural sector. I have banged this proverbial drum for more than a year.It remains excellent value. Kaap Agri’s results for 2020 were commendable. It was hit by Covid but was still able to report headline EPS down only 2% for the period to 388c a share, showing its resilience. A solid interim result to March was recently reported.Recovery continued in its retail and fuel operations and the farming business remained a bumper one, with fruit and wheat leading the charge. HEPS rose 24% to 300c a share with a 40c dividend.I have a 470c forecast for the 2121 financial year, which places the counter on an attractive p:e of 8.9, based on a current share price of R41.50.Then I see that ZAR X-listed Senwes is back to a crazily low level of R10.10, with a stellar earnings period expected to carry on to its April 2021 year end. I forecast a forward p:e of four fo...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now