Been digging into VUN's last set of numbers and the advisory fees are actually holding up pretty well despi…by @thuli_dd on $VUN

Been digging into VUN's last set of numbers and the advisory fees are actually holding up pretty well despite the tough equity market. If they can keep client assets sticky through this load-shedding cycle and maybe pick up some corporate finance work when sentiment shifts, the R2.40 doesn't look crazy for a shop that's actually profitable. Competition from the bigger boys is real but their institutional relationships seem genuine, not just transactional.