Well, as a South African investor, you don't get a lot of pure international retail exposure, Brait's New Look is the only one I know. Brait is well capitalised, a good balance sheet - decent enough assets and will have the ability to raise decent finance (like the $500m recently) for acquisitions. So yes, I like them. At these price levels, it is really the pound that is pushing the price down. So if you are betting on a complete collapse of the British economy, then sure, I would say stay out of this. I have held onto brait for a couple of years (I have gotten over my disappointment at the Pepkor offload) - and have seen half my value get eroded - but it is a very small part of my portfolio - so might be looking to bulk up right now.