RE: Excellent results2 Jun 2022 12:24
@ 19:08 Mon. - Although out of touch with current shipping procedure the post took me back to previous times: We used to ship Zambian production out of Beira, Zim/Rhodie stuff out of Maputo, and Transvaal/Gauteng metals through Durbs and later Richard's Bay when it opened. In recent times the main logistical obstacles have been protests/unrest, Transnet theft and rising haulage costs with Eskom putting another spanner in the works.
In UK/Europe we are in unknown waters. In SA I had a long skype chat with a Capetonian last night. Conversation was largely on local W Cape issues, which are mounting. The detail is not especially important. Suffice to say the SA scene has stumbled along since 1994.
I am not overpleased with THS reversal as 170p seemed a fair discounted value. As stated previously the company remains core to my AIM p/f. It is doing reasonably well in comparison to March/May performance with a 25-year Aviva growth fund.
The upcoming 3c divi will ease matters.
(Another 4-day holiday weekend is something I am not used to. It's becoming SA-like with all its workless days.}