PPC making a small rally ...up to 66c...hoping the flood gates will open soon
Was just typing a message to ask if you managed to buy around the 44c mark? I eventually bit the bullet, and after two days managed to get my quota at an average of 53c. Not a bad run so far, but to be honest I was expecting a bit more of a run today. I had also assumed that they would release interim results next week, but according to yesterdays statement this will only happen early December.
The reason I decided to jump on board was due to the very same information that was in the operational update they put out yesterday afternoon. There was a snippet of this info in the financial statements released last month. Anyone in the building industry will be able to tell you just how much they have hiked the price of their cement over the last few months (coincidentally when demand shot up).
This is by no means a miracle cure for them, but will surely be a nice temporary boost.
The restructuring and refinancing project is also something to keep an eye on in the short term. Debt is a major problem for them, so any positive news on that front should be good for the share price as well.
Just my 2 cents here, this is by no means any form of trading advice and is merely my thoughts and opinions.