The latest financial report from investment vehicle Reinet, controlled by the Rupert family, does not offer many reasons why the market should close the discount the share offers on the latest net asset value (NAV) figure.

Reinet’s last-stated NAV, as at end-March, was about R78bn or R397 a share. That means — at the time of writing — Reinet’s shares are offering a more than 40% discount on that NAV.

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, Morningstar financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00.