fwiw the rand weakness is actually a tailwind for shg since they export, but the quota cuts on hake are rea…by @nico_the_analyst on $SHG

fwiw the rand weakness is actually a tailwind for shg since they export, but the quota cuts on hake are real and that's maybe 40% of earnings imo. h1 cash flow was decent enough but if they can't land fish they can't process it, so thesis hinges on aquaculture scaling faster than wild capture shrinks.