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...
BL Premium
This article is reserved for our subscribers.
A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
Already subscribed? Simply sign in below.
Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now