INVESTMENT
Why the sharp increase predicted for Tradehold’s value?
The Investment company controlled by retail tycoon Christo Wiese expects its NAV to increase up to 60.5%
Investment company Tradehold, which is controlled by retail tycoon Christo Wiese, will report a marked value uplift for the six months to end-August. A trading update released on Friday indicated that Tradehold’s tangible net asset value (NAV) was expected to increase 45.5%-60.5% to £1.27-£1.40 per share. The reporting is pound-based because the bulk of the company’s assets are domiciled in the UK. Translated into rand, Tradehold’s tangible NAV is R22.80-R25.14 a share compared with a JSE share price of R18.40. Tradehold is a property-based investment and development company mainly with real estate holdings in the UK, SA and various African countries. The main properties in the UK include a share of the Broad Street Mall in Reading and the Market Place in Bolton. Tradehold also owns The Boutique Workplace Company (TBWC), a serviced office space provider in the UK.
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