Rupert’s new bind: why Remgro is under fire
Investor impatience with Remgro’s deep share discount could lead to profound changes at the Rupert family firm
26 September 2019 - 05:00
"Structural deficiencies" was the hand grenade lobbed at executives of investment behemoth Remgro* during last week’s results presentation.
The firm is an old-style investment holding company and retail investor stalwart involved in banking, insurance, health, technology, food and beverages, and industrials. But the share at present attracts a discount of about 25% on its intrinsic NAV...
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