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
"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.