They need to unload their BTI interest in order to diversify their risk. The day they announce a large-scale disposal, (to an Asian fund perhaps?) - I suspect this share will take flight. Love the company - love what they are doing - own a chunk - but I'm scared of the tobacco issues.
I think this share is more about potential capital growth than a dividend although over time that may become good.also its a bit of a way of getting 'out of sa' although fees charged are something to ckeck on as it may inhibit capital growth.I have a small investment here and see no reason to cash in
I've been happy to see good fees paid to the managers of Remgro and PSG. I see no different at Reinet. There is an obvious argument about performance fees on the BTI investment, which I accept. What I like is how they are diversifying into areas that would be difficult to access via the rest of the market.