Long4Life hints at possible unbundling as it looks to unlock shareholder value
Analyst says Brian Joffe’s announcement ‘has put the stock in play’, suggesting the price may rise
Brian Joffe’s investment holding firm Long4Life has appointed Investec Bank to advice it on its corporate structure, hinting at a possible unbundling of some of its assets as it battles the hefty discount at which its shares trade.
Long4Life, which listed on the JSE in 2017, owns Sportsmans Warehouse, Outdoor Warehouse and Sorbet beauty stores. It also owns a range of diverse assets including Clayton Care, a step-down rehabilitation facility for patients leaving hospital, and Inhle Beverages, a bottling company and Chill Beverages, which produces Fitch & Leedes tonic waters and the Bashew's drink brand. It also has a 49% stake in Veldskoen shoes. ..
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.