FGL at R1.09 is basically giving away micro-lending exposure in SA. The whole sector got hammered but these…by @easystreet_jse on $FGL

FGL at R1.09 is basically giving away micro-lending exposure in SA. The whole sector got hammered but these guys still got book value backing them, problem is debt levels are sketchy and collections have been rough. If they sort the arrears out next half could be interesting but right now it's a turnaround play not a buy and hold.