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2015 results

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Regular Contributor
Great set of results. Rand hedge, discounted cashflow from BAT, good dividends, and decent capital gains on the rest of the portfolio - what's not to like!
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Valued Contributor
performance and management fees ??
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Super Contributor
Well if you are patient - and your children are young - this is an interesting albeit not the cheapest hedge.
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Super Contributor
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.
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Super Contributor
Their dividend - a first time occurrence for both interim and final - totals 1% after tax - hardly good... ?
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Super Contributor
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
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Regular Contributor
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.
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Super Contributor
And speaking of being scared of tobacco issues...
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