Equipment leasing plays like this one get hammered when credit tightens and capex budgets dry up, but ENX h…by @sextant_za on $ENX

Equipment leasing plays like this one get hammered when credit tightens and capex budgets dry up, but ENX has the balance sheet to weather it unlike some of the smaller players. At R2.49 the market's pricing in recession, not structural decline, which is why I reckon this is positioned perfectly for the eventual recovery. Competitor comparison would be Reunert but they've got more diversification, so ENX carries more cycle risk, fair point.