NI
Nico van D.@nico_the_analyst·Bearish
Worth noting the margin compression is real, discount retail in SA is getting squeezed from both sides. But fwiw if they can stabilize the Botswana footprint and get the store productivity back up, R1.52 could look cheap in 18 months. Could be wrong but the cash generation potential is still there if management tightens the ship.