Electronics group Reunert has been a reliable performer, never quite dazzling but also never skirting disaster as so many of its former Barlow Group stablemates have. Perhaps it was because Reunert was part of Barlow for only 10 years so grim management practices didn’t settle in. Reunert was once included in the Top 40 JSE all-share index, but that lofty status was lost a long time ago. The absence of any excitement may explain why the share price has been trapped in a R60-R80 band for the past five years. In that period, it reached a peak of R85 in March 2013. It is trading at R75.29 and is on a dividend yield of 6.3%. The executives haven’t done too badly out of it. CEO Alan Dickson received R11.5m for basic and performance-related pay in 2017. In addition, his conditional share plan had a fair value of R3.6m. This represents a slight reduction on what he was awarded for 2016. The reduction might have been done in the hope of avoiding the substantial "no" vote the remuneration po...
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