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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
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.
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.
@rawssy_links ja, the cash burn is real. structural problem not a blip.
@julianreins_jse rd segment is anchor mate
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.
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.
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.
PMV sitting at R2.80 after that run, but margins still weak compared to what they were printing in 2019. Thing is, industrial services usually bounce hard when load-shedding eases, ja, but are we actually seeing that in their numbers or just hope.
pmv been range bound between 2.60 and 3.20 for months now, someone's holding the bid at 2.80. industrial services stocks getting hammered on load-shedding fears but these guys still got contracts rolling. if they can push through to r3.50 without getting shaken out at resistance we might actually see some legs here.
pmv sitting at r2.80 and honestly the industrial services space is rough right now with all the load-shedding and capex freezes, but if they can keep margins intact through this cycle they're worth holding. their maintenance contract base gives them some stability that pure project-focused guys dont have. long game here imo
PMV closed at R2.80 but the real question is whether they can actually grow earnings off this maintenance services base or if we're just seeing cyclical relief. Margins on industrial services get squeezed hard when the economy stutters and load shedding keeps battering capex spend. Long term thesis only works if they land bigger contracts and stop being a day trader's penny dreadful.
PMV's modest 1.48% uptick to R275 is typical late-cycle consolidation for industrials, but I'd need to see whether this is driven by earnings resilience or just sector reallocation as money rotates out of defensives.
Picked up more PMV at R275 this morning. the industrials space is getting hammered but Primeserv's facilities management TAM in Africa keeps expanding, and that 1.5% pop despite broader market weakness suggests smart money is recognizing the structural tailwinds here.
PMV down 5.36% today, eish that stings. But least it's not a crypto rug pull, just a bad day on the JSE I reckon.
Took the opportunity to top up my PMV position at R265 following today's 5.36% dip, as the industrial services demand cycle remains structurally robust despite near-term volatility, and management's commentary in the latest results highlighted sustained order book momentum in the
PMV's modest 1.20% climb to R253 doesn't warrant excitement without checking if management's capital discipline has improved since last earnings, because industrial plays often gift investors cheap multiples disguising deteriorating asset quality.