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AGPPF - Anglo American Platinum: With A Leaner Cost Base, Waiting For An Uptick In Commodity Prices
Anglo Platinum Ltd Ord
2025-03-28 10:57:56 ET
Summary
Facing low commodity prices and elevated inflation in South Africa, the firm has successfully implemented an extensive cost-cutting program.
The firm will spin-off from its parent company, Anglo American, by June 2025. In the meantime, it will pay a healthy dividend tapping from its net cash balance sheet.
Despite positive developments, the stock valuation is demanding. Any upside has to be tied to higher PGM prices, which seems unlikely, given the weak macro environment.