COMPANY COMMENT
Does RAC have other investment plans?
RAC landed Astoria at a pretty poor discount, so what’s next?
05 November 2019 - 18:11
For determined, deep-value investors RECM and Calibre (RAC) are not exactly latching onto a huge discount in efforts to buy full control of Mauritian-domiciled investment counter Astoria.
Last week, RAC — largely anchored on fast-growing alternative gaming business Goldrush — paid R140m to snap up a further Astoria 60.3-million shares from a few, large minority shareholders.
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