If you don’t have R4.6-million lying around, don’t panic, you can still be a Berkshire Hathaway shareholder.shares, to prevent fund managers who wanted to set up a mutual-fund-like structure that would sell slices of the Class A shares.
Morningstar says that with Berkshire’s official shares currently trading at more than a 20% discount to $380,000 and $253 , it is the cheapest the company has been for years, providing a good entry point for long-term investors. Sygnia will be the owners of the shares, and investors can link into the fund’s performance through a Sygnia Life Endowment Policy for as little as R5,000 a month. The underlying assets will be both baby and big brother Berkshire shares.
Experts say Berkshire should continue to generate high returns for shareholders from the current stock price. The company is sitting on a stockpile of $120-billion of cash. In a letter to his investors, Ackman states that the catalyst for acquiring interest was his view that the company is currently trading at one of the widest discounts to its intrinsic value in many years.It is at a time when we expect the operating performance of its subsidiaries to improve as a result of certain managerial and organisational changes at the company.”
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