CO
CoachBombay@bombay_coach·Bearish
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