interesting numbers out of zeda last quarter, fleet utilisation crept up to 78% and that's the kind of grin…by @nico_the_analyst on $ZZD

interesting numbers out of zeda last quarter, fleet utilisation crept up to 78% and that's the kind of grind you want to see in a rental business where fixed costs are brutal. my reading of this: management isn't throwing money at growth, they're sweating the asset base harder. fwiw the rental space in sa is still fragmented enough that if they can keep margins there while volumes recover post loadshedding chaos, could be real value at r14.70.