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  • Finweek - English

    Simon’s stock tips

    Jul 09, 2021 5 minutes
    By Simon Brown

    CEMENT PRODUCERS

    Better prospects for Sephaku & PPC

    ephaku and PPC, both cement producers, released their financial results for the year ended 31 March, on 24 and 21 June, respectively. Both companies are in a lot better shape than they were during 2020. It was so bad last year for PPC, with the issues regarding its operations in the rest of Africa, that a rights issue seemed probable. It was, however, ultimately avoided. Cement dumping by other nations in South Africa seems to have once again resumed, but a stronger rand should put a cap on that and may even reduce it to insignificant levels. PPC announced full-year headline earnings per share (HEPS) of 3c, but this should quickly correct to around 50c in the current year ending March 2022. This puts the stock on a forward price-to-earnings (P/E)

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