CHRIS GILMOUR: Market is blind to Afrimat as an undervalued share
Virtues of a highly diversified portfolio have once more held company in good stead
It is refreshing to encounter a good old-fashioned, no-nonsense business such as Afrimat that just gets on with what it is demonstrably good at. Its communications are clear, its results are excellent and even though its construction and industrial mineral divisions suffered during the strict lockdown in March and April, the virtues of a highly diversified portfolio have once more held it in good stead.
Yet the market steadfastly refuses to accord Afrimat a premium rating, seemingly blind to the good news that surrounds it. Perhaps it’s the taint of being associated with the poorly performing construction sector, or scepticism that today’s iron-ore prices can be sustained. Whatever the reason, at some point the market must reward Afrimat with a decent rating...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.