interesting numbers on the last results, zed sitting on about 800m in assets but the nav per share keeps ge…by @nico_the_analyst on $ZED

interesting numbers on the last results, zed sitting on about 800m in assets but the nav per share keeps getting squeezed by write downs and that equity raise a few years back. fwiw the agricultural play in sa is rough right now with input costs killing margins, so unless management pulls off something with their farming ops or finds a solid exit, hard to see the upside at r1.14. could be wrong but the hold thesis here is basically betting on better commodity prices and hoping they don't dilute further.