EDITOR’S NOTE: Welcome openness in commentary over losses
The next challenge for RECM & Calibre will be to deal with diamond miner Trans Hex
02 July 2019 - 12:00
I am a shareholder (or at least a preference shareholder) in deep-value investment company RECM & Calibre (RAC), which really makes an effort in its financial statements to provide in-depth and frank commentary rather than the mundane corporate-speak so typical of many companies on the JSE.
I was looking forward to this year’s final results (to end March) to see how the company dealt with its disastrous investment in building supplies group Distribution & Warehousing Network (DAWN)...
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