kap struggling to break above the r2.80 level, keeps getting sold into whenever it tries. volumes been thin…by @tsquared_jse on $KAP

kap struggling to break above the r2.80 level, keeps getting sold into whenever it tries. volumes been thin which is typical for diversifieds, institutional guys probably waiting for a proper earnings beat before they pile back in. the manufacturing and distribution arms have decent margin potential if rand stays anywhere near reasonable but thats a big if with load shedding killing margins everywhere. if they can actually execute on the african expansion story and not just talk about it, long term could work but right now just looks like rangebound until something actually moves the needle.