Is this not now the next sasol……. In a presentation to investors, RMH notes that “the exact impact on the RMHP portfolio in the near-term cannot be accurately forecasted at this stage”.This meant shares opened at R1.39 on Wednesday morning, after Tuesday’s R51.04 close.This changed in 2016, when RMH acquired a 25.01% stake in property developer Atterbury. The negative effects are already showing in customer sentiment surveys and anecdotal client feedbackRMH originally provided a way for shareholders to invest along with the financial services group’s co-founders, Laurie Dippenaar, GT Ferreira and Paul Harris.The property portfolio was never really valued by the market which saw RMH as nothing more than a proxy for FirstRand. Importantly, RMH Property does not own any physical properties and is not classified as a real estate investment trust (Reit).I know of several individuals that have moved their portfolios away from RMB.Friday’s gains lift the benchmark’s gains this week to 1%, leaving it 1.3% lower for the year.As at April 20, based on the historical values disclosed above, RMH says the intrinsic value per share of RMH Property is R3.33.These values will have no doubt been affected by the Covid-19 pandemic and related lockdowns across the world. S&P DISCLAIMS ANY AND ALL EXPRESS OR IMPLIED WARRANTIES, INCLUDING, BUT NOT LIMITED TO, ANY WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE. The FirstRand (FSR) shares will be distributed to … This comprised the 25% interest in Discovery, 27.3% stake in Momentum Metropolitan Holdings, 89% of unlisted OUTsurance.RMI then subsequently acquired 29.9% of UK insurer Hastings, built out an investment manager and acquired a portfolio of fintech businesses. Get today's RMB Holdings Ltd stock price and latest RMHJ news as well as RMB Holdings real-time stock quotes, technical analysis, full financials and more. It represents the merger of Rand Consolidated Investment and Rand Merchant Bank, then owned and managed by Johann Rupert of Remgro. LAST 10 TRADES OF THE DAY. It did a number of transactions following the Atterbury acquisition.Did you read the article? At a 90% loss……. JOHANNESBURG - RMB Holdings (RMH) share price earlier today declined by more than 97 percent on the JSE in line with the market expectations, according to an industry analyst. The new strategy at that time was to expand beyond its stake in FirstRand and create a “property investment business”. The FirstRand (FSR) shares will be distributed to shareholders in the ratio of 1.31189 FSR shares for every RMH share held as at yesterday.Without Remgro and RMH as anchor shareholders and founders influence, Firstrand management have gone bananas with political jostling and doing those things they couldn’t under previous control structures. 337927). Do you understand why it is down 90%? I do not know whether this is as a result of poor management – but they have serious issues within their operations and have a “don’t care” attitude towards clients!Beyond the short-term impact of Covid-19, RMH Property says it will “continue to manage its existing investment portfolio that is anchored by the partnership with the Atterbury Group”. And, as with most investment holding companies, the discount to intrinsic value has widened in recent years, which helped RMH make the decision to unbundle the FirstRand stake.RMH says its board will “continue to assess options to monetise the RMH Property business, in an orderly manner over time, and to return maximum value to shareholders”. Time to shove alittle cash in here and wait for alittle buonce….It must be noted that RMB Private Bank and RMB, the corporate and investment bank, are both units of FirstRand, not of RMB Holdings.In 2011, the decision was made to separately list the group’s insurance assets as RMI.
ALL RIGHTS RESERVED.How has RMB Holdings performed over the past 5 years? RMB Holdings (RMH) shares traded 97% lower on Wednesday following the unbundling of its FirstRand stake to shareholders. Distribution of proposed restructure circular and notice of general meeting RMB Holdings Limited (Incorporated in the Republic of South Africa) (Registration number 1987/005115/06) ISIN: ZAE000024501 Share code: RMH ("RMH" or "the Company") DISTRIBUTION OF PROPOSED RESTRUCTURE CIRCULAR AND NOTICE OF GENERAL MEETING Distribution of proposed … Who are the major shareholders and have insiders been buying or selling?How experienced are the management team and are they aligned to shareholders interests?How is RMB Holdings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. RMB Holdings Limited, an investment holding company, invests in financial services businesses primarily in South Africa.
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