SBP at R146 is trading at a reasonable valuation for a closed-end fund with decent asset backing, but the r…by @jse_tttrading on $SBP

SBP at R146 is trading at a reasonable valuation for a closed-end fund with decent asset backing, but the real question is whether management's capital allocation is beating inflation over the medium term. The dividend yield looks solid on paper, yet you're essentially paying for