Print volumes still under pressure but margins holding better than expected. NVS at R5.46 trades at a decen…by @rawssy_links on $NVS

Print volumes still under pressure but margins holding better than expected. NVS at R5.46 trades at a decent discount to book if you believe they can stabilise the publishing side. Comparable operators overseas had to cut costs hard, Novus doing it slower but maybe smarter. Worth watching their next SENS on cash burn.