Nampak: NPK is starting to show healthy share price action and a willingness to make a change in the downward trend. Following the breakout we saw at the beginning of June, the price has been consolidating on the breakout level and developing a rounding formation (highlighted in blue). We are also seeing the 50 and 200-day moving averages being regained.Fundamentally, the share remains one of the least expensive due to concerns such as local GDP growth and it's exposure to Africa (reparation of monies out of Nigeria, Angola and Zimbabwe), trading as follows:
P/Earnings: 12.8x
DY: -
P/Book: 1.06x
P/Sales: 0.62x