Johann Rupert flays the asset managers
An obsession with Remgro’s discount to NAV and its dividend yield are short-term fixations from an overpaid professional management class, argues Johann Rupert
It might beggar belief — but the Remgro AGM on Monday could have unfolded without a single mention of the deep discount at which the company still trades to its net asset value.
That is, until chair and de facto controlling shareholder Johann Rupert raised the prickly point about the market’s seeming disdain...
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