MARC HASENFUSS: Picking up the BAT stompies
British American Tobacco shares are about as popular as a smoker in a plane toilet, but the performance of Reinet means the former BAT proxy is now firmly on its own separate path
It was quite a toss-up this month: mobilise the annual annuity payment for 175 Sasol shares or for a used Honda CRF250L “motorsickle”. With an eye on the long-term horizon, I chose the latter.
So far, so good … The chances of a new road being built to ease the traffic congestion out of Kommetjie are less than slim, what with the local toad whisperers likely to fall prone in front of bulldozers before giving up as much as an inch of the expansive wetland. My wife, nevertheless, was not charmed by what I packaged as a time- and cost-saving purchase. She exhaled dismissively and even gave the front wheel a disrespectful boot. ..
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