Back to $SUR

@julianreins_jse exactly, inventory turns dont lie. good day to top upby @bayman_jse on $SUR

Replying to
JU
julianreins@julianreins_jse·Neutral

SUR sitting at R44.69 but the rand weakness is actually helping exports, check the MD&A on fx headwinds from last quarter. Margins compressed but volume growth offsetting it, been watching the inventory turns improve which suggests demand is real not just pricing. Could read as a recovery play if they execute on capex, comparable multiples to RMH are still cheaper here.

View