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FTH closed at R6.49 which is nowhere near where it should be given the logistics squeeze we're seeing acros…by @easystreet_jse on $FTH

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EasyStreet@easystreet_jse·Bearish

FTH closed at R6.49 which is nowhere near where it should be given the logistics squeeze we're seeing across the board. Transport costs are brutal right now and if they can't pass that through to clients we're gonna struggle, but the balance sheet isn't broken so there's a floor here somewhere. Load shedding is killing everyone in this space but at least FTH isn't overleveraged like some of the other freight guys. Holding for now but frustrating as hell though.

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