DNB at R2.50 is interesting because the industrial holdings space is frankly crowded, but their manufacturi…by @sextant_za on $DNB

DNB at R2.50 is interesting because the industrial holdings space is frankly crowded, but their manufacturing exposure gives them actual hard assets unlike some of the pure investment vehicles. If you look at what Metair and Reunert are trading at, there's real value here if management can tighten up capital allocation on the underperforming bits. The rand weakness is a tailwind for export-focused ops which DNB benefits from indirectly. Positioned perfectly for someone with patience.