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ART at R39 is trading at a reasonable entry point for industrials, but the key question is whether the engineering and manufacturing exposure justifies holding through a potential slowdown in capex cycles. Revenue growth and margin expansion will need to outpace inflation to move
ART at R40.80 trades at a meaningful discount to peers like Hudaco and Barloworld on forward multiples, which is puzzling given its consistent dividend yield and steady cash conversion. If the industrials recovery sticks, ART has more room to run than the big-cap leaders already
Picked up more ART at R37.08 after that dip, reckon the industrials recovery still has legs and this outfit's got decent cash conversion even if revenue growth has been patchy lately.
read the latest sens on capex guidance and margins are getting squeezed harder than i thought, especially with the rand where it is. competitors like hudaco seem to be managing better but art's working capital situation looks rough. might wait for the next quarterly before considering a position, the price action at r36.60 isnt screaming value to me yet given the headwinds.
ART's margins got squeezed hard on that last set of numbers, inflation eating into input costs faster than they can pass it through. long-term view hasn't changed but the rand weakness and rate cycle we're in means the next couple quarters could be rough, especially if manufacturing demand stays soft. I'll keep holding as long as it takes because the balance sheet is solid and these things tend to recover, just not on a straight line.
art sitting at r36.60 and the manufacturing side is getting squeezed by load-shedding costs, but if they can hold margins on their industrial supply contracts they've got a real moat. peers like esenjeni are getting hammered harder so maybe art's diversification is actually keeping them afloat. longer term you need to see their capex plans and whether they're hedging against the rand, otherwise this thing stays choppy glta
ART closed at R36.60 but struggle to see where the upside is with margins under pressure and manufacturing orders looking thin. Compare to peers like Rennies and it's not even close on execution. Might be a value trap here unless they fix the cost structure.
Picked up some ART at 38 rand after that decent bounce today, figure the industrials cycle still has legs and the dividend yield's decent enough to hold through the chop.
ART down 3% today but the selloff looks overdone given the industrial recovery narrative still playing out. Balance sheet is tidy and if engineering demand ticks up in H2, this could surprise on the upside from current levels.
ART getting hammered 3% today but the sell-off feels overdone given their industrial exposure to infrastructure spending. Dividend yield is still reasonable at current levels if the fundamentals haven't shifted.
ART's been taking it on the chin with the rest of manufacturing but earnings are still solid relative to peers, margins held up better than expected given load-shedding headwinds. Long-term view hasn't changed, this is cyclical and the rand weakness actually helps export exposure. Markets are shaky but at R36.20 you're not paying a premium for recovery, I'll keep holding as long as it takes.
ART's margins have been getting squeezed hard, that MD&A from last results showed the cost pressures aren't letting up. Load-shedding's hitting manufacturing across the board but ART's got exposure to some decent long-term contracts, thing is execution on cost control is everything right now and they haven't proven it yet at R36.20.
Been reading through ART's latest results, balance sheet holding up ok
ART taking a knock today at R37.51, but the industrials are getting hammered across the board. Anyone still holding this one or have you moved your capital elsewhere given the margin pressure on these guys?
ART sitting flat at R38 but the industrials cycle is picking up steam. If they can maintain margins while riding this capex wave, we could see proper upside over the next 18 months, especially if they nail their order book execution.
ART catching up nicely today at R3800, finally showing some life after lagging peers like Watts Water and Roper Technologies who've been grinding higher on steady cashflow. The 1% move is modest but the stock's been rangebound too long relative to its ROE metrics, so any momentum
Just grabbed a bit more ART at R3701 even though it dipped 1.31% today, reckon the dip is a chance to add slowly to my position.
Argent down 1.31% today, but this pullback mirrors the '08 pattern we saw across industrial services before they staged their recovery. The company's exposure to mining capex and infrastructure maintenance puts it in a similar structural position to Uiterwyk and Invicta, though A
ART down 1.33% today but the dividend yield is still looking respectable at current levels. Anyone else holding this for the income stream, or are you more concerned about the industrial cycle headwinds we're seeing across the sector?
Current R 39,00 — 50% of range
Fundamentals sourced from JSE disclosures. Updated quarterly.