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PPC

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Regular Contributor
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.
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Regular Contributor
PPC can be seen as a direct correlation play to SA GDP.
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Super Contributor
Don't know about the fundamentals but that's an ugly looking chart.
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Regular Contributor
Can see a left shoulder and now almost the end of the head playing out,should drop to R18,then bounce back to R20,creating the right shoulder
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Super Contributor
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.
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