This month’s renewed sell-down of Equites Property Fund raises the eternal conundrum: should you exit before the price weakens further, or should you buy more shares now at what may turn out to be bargain-basement levels?
The former market darling’s R27bn portfolio of logistics properties — state-of-the-art warehouses and distribution centres — is split 70/30 between South Africa and the UK. ..A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and TimesLive Premium.
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Will Equites’s U-turn on its UK foray contain the pain?The stock has taken a beating on the back of higher interest rates, constrained capital markets, a dip in consumer spending and recessionary fears
Source: FinancialMail - 🏆 20. / 63 Read more »