Hi ecoverRuss,i agree.I notice construction is starting to recover.Even locally in these out lying areas both commercial,industrial and home are a buzz of activity.Seems if compaanies are getting ready for moves early next year.Something I have never seen before is that some builders did not knock off work till this week.They usually close around 15 dec.
Holding solid at R38 support. agree it can only go up from here. tried that support an few times and it held. Also,RSA companies are being asked to tender for stadiums on brazil, 1 or two good deals should see the price rise nicely
My preference is for the smaller construction companies - BSR, Stef Stocks, and maybe even ESR (if they can sort out their costs). My logic is that Aveng, with R30bn in turnover, will have to win a lot of new contracts to increase bottom line sufficiently from these levels in a pool of dwindling opportunity, while BSR only has to win R6bn worth to maintain par earnings. WBHO is probably the one in the middle ground - with by far the best ROCE, and is holding strong relative to the alshare