CHRIS GILMOUR: Strategic acquisitions make Afrimat the leader of the pack
While the mid-tier mining company’s Heps have risen by eight times since 2010 its competitors have regressed
Two aspects should be considered when analysing Afrimat:
Its classification as a construction company is misleading as it is more a mid-tier mining company with some construction-orientated adjuncts. Most of its growth has come through acquisitions, not organic growth. Analysts usually view this type of growth with suspicion as it is often unsustainable...