Nepi

[Russ]

must rise.

[Russ]

It was going to be Rhodes must rise, but instead I bought nepi. Now the joke's on me.

[#3]

This has been a great investment for me, but right now, I don't understand the valuation of this stock, It has around R1.5bn in assets, but a market cap of R38bn. So on the face of it, massively overvalued - but if you think about it - with this kind of market cap, and minimal debt, their ability to raise funds is going to be impressive. Expect more rights issues, but what you will get for your buck will be impressive - big growth markets where they operate.

[Russ]

I just liked the look of the chart.

[Russ]

Thanks for your input on the fundamentals, which I am not good at.

[Russ]

There she goes.