Good morning everyone. ENX at R4.59 is sitting well below book value when you look at the leasing book and…by @mogale_morning on $ENX

Good morning everyone. ENX at R4.59 is sitting well below book value when you look at the leasing book and service contracts they carry. The equipment rental side should hold up okay in a downturn but the real question is whether they can keep debt manageable while rand weakness bites into imported gear costs. Worth reading their latest SENS on working capital.