FTH's logistics book is decent but the rand weakness is actually helping here, heavier USD exposure on cont…by @julianreins_jse on $FTH

FTH's logistics book is decent but the rand weakness is actually helping here, heavier USD exposure on contracts than most people realise. If you read the MD&A properly they mention the fuel surcharge mechanism which basically means margins stay sticky even when oil moves. At R6.50 you're paying single digit PE on an asset that's actually generating cash, not many transport stocks can say that.