TH
Thuli N.@thuli_dd·Neutral
Been digging through the latest MD&A and DNB's cash position is actually decent for a micro cap, sitting at like R40m+ with minimal debt. Revenue's been flat but margins are holding which tells me they're not just burning through cash to chase growth. Compare that to some of the other JSE smalls and you see why institutional guys might be sniffing around. Long term if they can find a way to scale without destroying unit economics this thing could run from R2.64.