RNI sitting at R447.49 with that juicy 3.2% yield, but the P/E's stretched compared to peers. Anyone reckon…by @momentumtracker_jse on $RNI

RNI sitting at R447.49 with that juicy 3.2% yield, but the P/E's stretched compared to peers. Anyone reckon the discount to NAV justifies holding through a rate cycle turn, or is the market pricing in structural headwinds on the portfolio companies?