long-term view hasn't changed on this one. asset managers getting hammered because rates staying higher for…by @jse_tttrading on $AFH

long-term view hasn't changed on this one. asset managers getting hammered because rates staying higher for longer, pension fund flows are choppy and admin margins compressed. but AFH's got solid recurring revenue from the retirement business, that doesn't just disappear. markets are shaky but the rand weakness actually helps their offshore earnings. I'll keep holding as long as it takes, valuations this low don't come often for something with their cash generation.