PSG under cautionary.. My guess is either a Capitec unbundling or the takeout and delisting of Zeder, but who knows?
"Considering the extent of the discount at which PSG’s share price has been trading to its SOTP value per share
over the last year, it is our intention to unlock the discount as far as reasonably possible when opportune." From PSG results
Makes me think that perhaps even a bookbuild to sell some of their investment in Capitec AND then a concurrent share buy-back by PSG (buying back their own share at a discount to SOTP) using those funds raised in the bookbuild may make sense?
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