Reunert RLO

This may be nothing more than confirmation bias or fomo from selling out of Rheinmetal some months ago , but RLO looks well positioned to profit from global instability. PE of 10 ain’t cheap in the JSE small cap sphere but RLO is on a decent pullback and growing offshore revenue currently. Internationalisation is the key word used by the ceo and reading between the lines they are consolidating all their defence sectors under Reutech.

Being in SA sounds like it will work on their side in their middle east roll out and a fair number of other marginal countries would prefer to buy from SA for obvious reasons, current global political situation and all. Pretty well cash rich, easy debt coverage. Check it out, I am a about half in, averaging in but the bounce might only come at 5840 2c welcome