PPC LIMITEDLong
Upward trend as PPC sorts its crap out
Updated
While they try to better their terms with lenders especially in DRC, PPC's price has found an upward trend. This is despite their likely being a share issue in store at some point around the corner.
Recent leglislation changes might help boost revenues but more importantly, PPC needs govt to get on dat dumping from pakistan and co.
Any way - I think the market sees that PPC is undervalued assuming things play out as expected. Their balance sheet should look a lot less crap and I reckon R2.50 is a fair target by OCT2021 for the expected shape of the company in 2021
Recent leglislation changes might help boost revenues but more importantly, PPC needs govt to get on dat dumping from pakistan and co.
Any way - I think the market sees that PPC is undervalued assuming things play out as expected. Their balance sheet should look a lot less crap and I reckon R2.50 is a fair target by OCT2021 for the expected shape of the company in 2021
Note
So did anyone listen to me? It's still not too late even though it's crossed R2
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