MARC HASENFUSS: Second time lucky?
Flipping through Astoria’s recent annual report has made me think twice
The relisting of new-look Astoria Investments next week might be an interesting exercise. Readers will remember that RECM & Calibre (RAC) took control of Astoria — originally an offshore investment vehicle — back in 2019.
The offshore interests have since been sold down, and capital has been returned via special dividends. RAC’s plan was to restructure Astoria as a new investment vehicle with a focus on mainly SA assets. So RAC has bundled all its assets — other than its prize gaming business, Goldrush — into the Astoria shell...