Stop worrying about the discount, says Rupert
Shareholders at the AGM pepper the Remgro chair with questions about the deep discount — and the company’s commitment to diversity
Investment behemoth Remgro’s keenly awaited AGM last week delivered mixed messages and some superficial responses to questions about shareholder concerns.
One topic that clearly irked chair Johann Rupert was the pesky old discount that Remgro’s share price offers on the group’s intrinsic net asset value (iNAV). At the year-end of June 2024, Remgro had a hefty discount of 45.8% to iNAV, as reported in its latest integrated annual report. Questions about this gap were brought up during the Q&A session at the AGM. Shareholders were keen to know what strategies the board was implementing to address the discount...
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