Spur and Calgro M3, two stocks I have been watching and both have seen their prices break higher.
Charts by Koyfin 15% discount for first 2 years
Chinese data keeps disappointing, every since the -7.5% export data from April. Expected was a strong rebound after they lifted zero-covid restrictions. But not happening.
Just this week;
Aspen (JSE code: APN) announces a acquisition in Latin America for US$290m on a price/sales of ±3x and PE of ±5x. This is a classic Stephen Saad sort of deal. Strong cash generation to pay down the debt.
After having gone quiet when the balance sheet case under serious pressure (with debt of ±R50billion) Aspen is back?
Chart looking good for a break higher.
Forward PE of ±12x is below 1 standard deviation over last twenty years and looking cheap.