EA
EasyStreet@easystreet_jse·Bearish
SPG closing at R17.94 is actually decent given the transport space is brutal right now. Their fleet rental side keeps the lights on but logistics margins are getting squeezed, fuel costs are killing everyone. If they can actually grow that vehicle rental book without bleeding cash on logistics deals, reckon this could run back to the mid 20s. Not sexy but solid long term if you can stomach the volatility.