Aspen (JSE code: APN) announces a acquisition in Latin America for US$290m on a price/sales of ±3x and PE of ±5x. This is a classic Stephen Saad sort of deal. Strong cash generation to pay down the debt. Is Aspen back and looking cheap?

After having gone quiet when the balance sheet case under serious pressure (with debt of ±R50billion) Aspen is back?

Chart looking good for a break higher.

Forward PE of ±12x is around 1 standard deviation over last twenty years and looking cheap.

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Simon Shares

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• Prosus (JSE code: PRX) agrees to sell part of PayU to Rapyd for $610m. They’ll keep the Indian market part of the business.
• How is your crypto taxed?
• Nominal vs effective interest rate, know the difference.

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