Brimstone trades well below its NAV, but has plenty of cash for acquisitions

Investment companies like Brimstone, companies that donā€™t make or sell anything but exist only to hold stakes in other companies, are an interesting breed. They can be tricky to value ā€“ they may be worth more or less than the sum of their parts, depending on what you think of their particular assets and management … Read more

UPDATED: Sekunjalo to rejuvenate Independent? Not on this performance. Then again, maybe this isn’t yardstick

There was more interest than usual in yearend results from investment holding company Sekunjalo. Earlier this year the company’s principal shareholder Iqbal Surve led a consortium which paid R2bn for leading SA newspaper group Independent News & Media. I was looking forward to chatting to Surve’ about that deal to get an idea how the … Read more