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REI

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Not applicable
Any idea on REI ??
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12 REPLIES 12
Super Contributor
NAV at R20.40 (28/10/2008) according to Johan Rupert last night... so big discount to NAV
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Super Contributor
This morning my account showed my holdings of REI and BAT, but now they have dissapeared from my account. Any explenation?
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Not applicable
read the notice on main page, theyve been removed while doing some corrections
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Super Contributor
Thanks; did not see notice. I do not want to lose these shares.
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Super Contributor
Is today too late to get in on the BAT unbundle?
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Super Contributor
Yes, too late. LDT was 27 Oct. However I think safe to buy either BAT or REI today, for medium to longer term hold. OMO.
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Not applicable
yipee my REIs are back in my account and Im sitting on a 9801.9% profit:)
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Super Contributor
By our calculations here: Reinet has a value of around R 21 a share: this is from the a BAT value of around 16.70, cash of around 4.20 and other investments at 0.66 a share. Total around 2100. This valuation is dependent on current Rand / Euro / Pound exchange rates for the BAT shares and cash. If we use a discount rate for holding companies of 30% (this could be higher or lower) we have a value of R 15 odd a share. This is better than the R12.90 odd its trading at. What are your thoughts - Werner and Skala?
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Super Contributor
I havent looked in detail at Reinet yet. I am a big fan of Johann Rupert, and have full confidence in his companies. But for investing, i would have to look in more detail into the company... Just by looking very fast at the numbers i see on OST, it looks like a good deal for long term investments. website: http://www.reinet.com/ i will check it out in detail and we can discuss the findings, etc...
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Super Contributor
Sorry, i just have to say this... It looks like Louig, Allen Gray, Warren Buffett, myself and Reinet are in the same club, that club of unambitious people... but lets see over the years how unabitiously Reinet fares...
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Super Contributor
Thats heady company Werner - any idea what Stephen Mildenhall is doing these days? I heard he was off to start his own business in the UK (I think).
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Super Contributor
Yip, you right, he is in UK...
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