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honestly tpc's been struggling with margins on the packaging side, rand weakness doesn't help when you're importing raw materials. but if they can sort out their cost base and keep the distribution network tight, there's upside from here at r42. packaging demand won't disappear, these guys just need to get operational efficiency right.
Plastic packaging demand's weak right now with all the load-shedding hitting manufacturing. TPC's been stuck in the R40s for a while, margins getting squeezed. Compare that to Hulamin doing better in their space, makes you wonder if management's just not cutting it here. Long term the sector recovers but at R42 you're not getting paid enough to wait around.
interesting numbers on the packaging side but margin compression is real. fwiw the rand weakness should've helped export flows more than it seems to be, which makes me wonder if volumes are just softer than mgmt is letting on. worth noting tpc's got decent distribution reach locally but if consumer spending stays under pressure through loadshedding season that's a headwind they cant really control. could be wrong but id want to see the next interim before adding here at 42.
TPC jumping 16% on a single day without obvious news is either oversold bounce or someone knows something. The real question is whether this holds above R44 or if it's just profit-taking ahead of results - need to see volume and P/E context before getting excited.
TPC taking a 4.95% hit today, which feels overdone if they've got any decent commodity exposure given where commodities are sitting. Need to check what their earnings yield looks like at R38.02, but a sharp drop like this usually creates an entry point in Resources if the fundame
TPC dropped 4.76% today to R4000, but I'm wondering if this is just profit-taking or if something real is wrong at the company? Anyone else still holding or did you bail?
Transpaco's structural headwinds in logistics and warehouse operations remain unresolved despite today's 4.76% retreat to R4000. The outfit's exposure to cyclical commodity flows, thin operating margins historically compressed by fuel volatility, and capital intensity of the asse
TPC's 5% rally today reflects growing appetite for logistics plays supporting the commodities complex, though at R4200 the valuation warrants scrutiny on whether this move is justified by underlying logistics volumes tied to mineral exports or merely sentiment-driven momentum.