Searching for gold at the end of this rainbow
ARC has an investment portfolio that might be far too sprawling for some punters
28 March 2024 - 08:00
African Rainbow Capital Investments (ARC) trades at an eye-popping 63.5% discount to its last stated intrinsic NAV of R11.55 a share.
The discounts of investment holding companies have widened markedly in recent years — but ARC’s stretch between share price and intrinsic NAV is long by any standards...
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