SE
Sextant SA@sextant_za·Bearish
SLG's market cap sits around R205m which feels light for an asset manager with institutional reach, ngl. The spread between what comparable mid-tier firms trade at and where SLG sits suggests either the market's sleeping or there's real operational headwinds we're not seeing yet. Either way, if they can grow AUM steadily and keep costs down, positioned perfectly for a rerating once sentiment shifts.