FGL sitting at R0.99 is comedy, given what micro-lending outfits like Capitec have done over a decade. Bala…by @jim_jse4 on $FGL

FGL sitting at R0.99 is comedy, given what micro-lending outfits like Capitec have done over a decade. Balance sheet's still sore from the covid years but the credit book's tightening up, which matters more than sentiment. If they can hold arrears steady while volumes grow back, there's actual meat on the bone here.