ARC Investments looks to narrow discount to 10%-20%
Co-CEO Johan van Zyl says the group should manage to further narrow the gap between its intrinsic and market values over the next year
16 March 2023 - 09:54
UPDATED 16 March 2023 - 13:37
African Rainbow Capital (ARC) Investments, the empowered investment company founded by Patrice Motsepe, is aiming to further narrow the discount between its listed valuation and its intrinsic net asset value (INAV).
Like most investment holding companies, ARC Investments listed share price trades at a discount to its book value. The group’s share price of R7.14 is about 28% lower than its INAV per share, which at end-December was estimated at R9.88...
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