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Value destruction at cement producer PPC: Figures that'll make your eyes water - Ted Black

PPC is a JSE-listed company that supplies cement and related products across Africa. It’s the type of business you’d expect to do really well as countries develop. The company performed poorly when Covid-19 containment measures brought business activity to a standstill, but the pandemic seems to have exposed hidden vulnerabilities. This is underscored by in-depth number crunching by independent analyst Ted Black. He sets out his data to highlight that PPC has been a poor performer when asse...
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