JI
Merafe Resources (JSE: MRF)
Last traded- Open
- R1.36
- Prev Close
- R1.36
- Day High
- R1.38
- Day Low
- R1.35
Key statistics
| Market cap | R3.4B |
|---|---|
| P/E | 8.1 |
| EPS | N/A |
| Div yield | N/A |
| 52W high | R1.50 |
| 52W low | R0.94 |
| Volume | 611K |
| Listed | N/A |
Price and fundamentals data is supplied by EODHD, with Yahoo Finance as a fallback source. Sentiment is computed by StockTalk SA from 31 live member stances recorded by registered members on this page.
What the community is sayingBullish
Merafe Resources is trading at 1.42 with positive momentum as ferrochrome prices gain strength, lifting sentiment among investors discussing the stock.
Summarized from 3 posts · updated nightly
Filter:Ask about MRF
K.
BO
BO
KA
PI
SI
NA
DA
ST
R.
RA
BO
DA
P.
P. Steyn@sceptic_pieter·MemberNeutral
MRF flatlined at R1.47 today, which is frustrating given chrome prices are holding up better than they were three months ago, so the market's either pricing in cost pressures or just doesn't care about the ferrochrome setup anymore.
SC
Scandi64@scandi_jse64·MemberNeutral
MRF down 2.72% today to R1.43, which is rough given ferrochrome peers like Northam are holding better on commodity tailwinds. At these levels the dividend yield becomes more interesting if chrome prices stabilize, but the stock's been range-bound for months unlike some of the rec
LN
Replying to Stan12 on $MRF“It will be difficult to compete with chinese producers. To be profitable they should have access to cheap resources but it's not cheap in SA…”
LN King@thulangwenya74·Member
That’s a fair concern. SA’s cost base especially electricity, logistics and regulatory costs makes competing purely on price against Chinese producers difficult. But I don’t think the Merafe thesis is simply “be cheaper than China.” The long-term question is whether its access to chrome resources, the Glencore JV, scale, rand-based costs and disciplined capital allocation can generate attractive returns through the cycle.
ST
Replying to LN King on $MRF“My initial view is: MRF is potentially attractive at around R1.45, but it is a recovery/commodity-cycle investment rather than a conventiona…”
Stan12@johntaster·
Pro
It will be difficult to compete with chinese producers. To be profitable they should have access to cheap resources but it's not cheap in SA.
LN
LN King@thulangwenya74·Member
My initial view is: MRF is potentially attractive at around R1.45, but it is a recovery/commodity-cycle investment rather than a conventional defensive investment. The key question is whether the restart of ferrochrome production can translate into sustainably higher earnings and cash flow.
P.
P. Steyn@sceptic_pieter·MemberNeutral
MRF down 2.26% to R1.30 today, but the ferrochrome play still trades at a massive discount to book value when you factor in the Glencore JV upside. Question is whether the commodity cycle has any legs left before we see another washout.