Reunert: Fair outlook, and some rand hedge qualities
The dividend outlook should improve after 2020 as profits begin to normalise
If anything, Reunert, which is now more than 130 years old, has enduring power. Theodore Reunert and Otto Lenz established the group in 1888 with a focus on steam-generated power plants.
Since then the company has morphed, and it is now a diversified business with three main segments: electrical engineering (its circuit breaker and cabling business), information communication technologies (ICT) and applied electronics (where its renewable energy business is housed)...