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Hulamin's structural headwinds remain acute given the weak rand and subdued global aluminium pricing, which compress conversion spreads precisely when the firm needs margin expansion to offset elevated input costs and debt servicing obligations. At R186, the equity offers limited
Hulamin at R190 is interesting because it's in aluminium which is used everywhere, but I'm wondering if betting on one metal company is riskier than holding a resources ETF that spreads across different commodities. Does anyone else worry about putting money into a single resourc
HLM up 0.53% today, not much movement but at least it's green and that counts right?
Hulamin's aluminium rolling exposure offers compelling value when you consider the structural tailwinds from African EV supply chain localisation, though the cyclical nature of packaging demand and embedded leverage to rand weakness warrant caution on valuation multiples until we
Just picked up some HLM at R190 today, reckon the aluminium play is lekker undervalued with everything happening in the sector right now.
HLM down 3.55% to R190 today—aluminium demand in China still looking weak, which is why I'm holding but not adding. Their margins getting squeezed until we see better global manufacturing data.
HLM at R190 is getting hammered for macro fears, but their Q3 volumes actually held up decent. Market's overreacting the -0.52% when aluminium demand from auto OEMs isn't collapsing like the sell-off implies.
Picked up more HLM at R197 today — that 3% pop gives me confidence the alum extrusion demand is genuinely improving.
HLM breaking through R195 on 3.17% is finally some momentum, but aluminum demand headwinds still make me hesitant to chase this.
HLM at R188 is cheap relative to its aluminium conversion spreads, but the real question is whether SA's energy crisis permanently impairs demand for rolled products. If eskom stabilises, this reprices higher; if not, you're betting on export markets staying strong enough to just
Sold half my HLM at R188 after that 1% dip — aluminum demand looking shaky and I need the cash for Sasol if it breaks below R320.