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Phumelela – Hot or Not

Phumelela is an online sports betting and tote betting operator, and also owns international horse racing TV rights. It has a market cap of R1.9 billion, a price to earnings ratio of 11.54 and a dividend yield of 5.36per cent. Guest Nesan Nair, Sasfin Securities and resident expert Paul Theron from Vestact decide whether Phumelela is hot or not.

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