TRADED INVESTMENTS
RACP’s net asset value edges up from year-end
RECM & Calibre says it erred on the side of caution when valuing investments
RECM & Calibre (RACP), the investment company spearheaded by Piet Viljoen and Jan van Niekerk, has experienced only a slight increase in net asset value (NAV) since the March 31 financial year-end. But the company said it always erred on the side of caution when valuing investments. Viljoen told shareholders on Wednesday that NAV was estimated at R27.58 a share as at last week – about a 1% increase from the R27.35 stated at year-end. RACP’s portfolio comprises mainly a controlling shareholding in unlisted alternative gaming group Gold Rush as well as strategic holdings in listed mining counters such as Sentula and Trans Hex as well as building supplies conglomerate Distribution and Warehousing Network. The company holds a handful of influential interests in unlisted companies. Viljoen said the NAV estimate only reflected changes in the prices of RACP’s listed or traded assets. The unlisted investments would be revalued for interim results in October. hasenfussm@fm.co.za
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