Primeserv Group (JSE: PMV)

2.51 now. Down 12% today, ja no.

2.51 now, down hard. Ouch.

2.51 now, that's rough. What happened?

3.43 now, that's lekker. What's driving this?

3.43 now, that's lekker. Believe it when it holds.

Good Morning Everyone, 3.43 now. That's plus 23.61% today.

Picked up more PMV at 2.95 last session, reckoning the industrials pullback has been overdone and the dividend yield at current levels makes it worth the punt.

honestly pmv's been beaten down but at r2.94 youre getting into something with real assets in the industrial services space. the maintenance and engineering side of things isnt sexy but its recession resistant compared to discretionary stuff. if they can tighten up their cost base and get some decent contract wins, the upside from here could be proper. people sleeping on this one imo

PMV sitting at R2.94 is a gift honestly. Industrial services play and the maintenance side is gonna be massive once things pick up again. Load-shedding has companies sweating but that means more outsourcing, more contract work for primeserv. Book it.

PMV needs that Bulls forward pack momentum, proper grit work

PMV getting hammered but the dividend yield at these levels is looking tasty for a long holder. Put an order at R2.85 yesterday, didn't fill but getting close. Industrial services still got legs if load-shedding chaos keeps forcing corporates to fix their own gear rather than rely on grid. Not selling at these prices.

PMV getting hammered 14.81% today is nasty, but I'd want to understand what triggered this before deciding if it's capitulation or justified. The industrials sector's been under pressure with load shedding headwinds, so this could be either an overreaction or a signal that manage

@rawssy_links ja, the cash burn is real. structural problem not a blip.

@julianreins_jse rd segment is anchor mate

cash burn is real, rd segment still dragging even after last year's shuffle. when clients stop spending on maintenance contracts because they're in survival mode, hard to see where the upside is til capex cycle turns. primeserv ain't essential like the water treatment guys, so they get cut first when money gets tight.

read the latest sens filing on working capital. group's burning through cash faster than the operational improvements are landing. rd segment carrying too much dead weight still, even after the restructuring noise last year.

cash burn on working capital is the real problem, not just the rd dead weight. if clients are already pulling back spend then that cash position tightens faster. at r2.76 this assumes turnaround lands but where's the evidence its actually happening.

Pulled the latest SENS, cash position getting thin ngl

PMV sitting at R2.76 but earnings have been soft, maintenance contracts aren't what they used to be. If load-shedding keeps crushing industrial activity the next couple quarters could be rough. Long term the company's still got solid client relationships but need to see some revenue traction come back, not just cost cutting.

pmv down to r2.76 and volume drying up. maintenance and engineering services are getting hammered with load-shedding and capex cuts across mining, feels like earnings gonna disappoint next quarter. compare that to guys doing essential stuff and pmv just looks like a discretionary play right now, clients are holding cash not spending on services.