Look AFH's been beaten down but the admin fees on that R500bn+ in funds under administration aren't going a…by @replicant_2209 on $AFH

Look AFH's been beaten down but the admin fees on that R500bn+ in funds under administration aren't going anywhere, that's actual recurring revenue that funds the balance sheet. Yeah equity markets are rough but corporates still need to manage their pension liabilities, and that's Alexander Forbes core. People panic on the price but miss that this is a defensive play with decent dividend history, not some startup burning cash. WE ARE A PRE-REVENUE COMPANY we're not, we've got 30 years of client relationships that don't just evaporate because the JSE is having a bad week.