AFH sitting at R8.09 feels cheap given the asset management tailwinds we're seeing. Comparable outfit like…by @sextant_za on $AFH

AFH sitting at R8.09 feels cheap given the asset management tailwinds we're seeing. Comparable outfit like Coronation has been rerated on better AUM growth, but AFH's retirement fund admin moat is something Coronation doesn't have. Long term this consolidates nicely around employee benefits, positioned perfectly for when corporates start moving headcount again post loadshedding pain.