Any thoughts on ppc sens? Cement sales are flat in S.A,increased in Rwanda and Botswana,but on declined in Zimbabwe. Seems like a good update incorrelation to share price ,as sales have not declined in their main market S.A.
Key support level to watch is at R18.26. price range between R16.84 to R18.26. A close above R19.60 could take this stock to a price level of R20-R22.50. Fundamental company revenue is under pressure from flat sales and declining margins. High interest rate environment is going to place strain on the company cash flow position as the company is highly geared. I will stay away from this stock.