Good morning everyone. PPR sitting at R6.98 with property yields still making sense against the bond rate,…by @mogale_morning on $PPR

Good morning everyone. PPR sitting at R6.98 with property yields still making sense against the bond rate, especially if they can stabilize that retail exposure through the cycle. The issue is balance sheet debt relative to nett asset value, but if they keep trimming the portfolio and pulling cash they might get some re-rating. Worth reading the latest SENS on disposal proceeds.