Country Bird Holdings (CBH), which was once listed on the JSE, might have feathered its nest at a bargain price with the purchase of a dominant stake in poultry, animal feeds and egg business Quantum Foods.

At first glance PSG-aligned agribusiness investor Zeder scored a decent premium over Quantum’s recent market price when relinquishing its holding of nearly 62-million shares. But it is worth pointing out that Quantum — at its last financial report — stated its net asset value (NAV) at 962c a share.

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 exclusive Financial Times articles, 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