Whether it is Remgro, PSG or Naspers in South Africa or Wall Street’s Berkshire-Hathaway – the most successful of all investment holding companies across the globe – the one thing that most of these firms have in common is that they usually trade for less than the combined value of their holdings.
CEO Robert Katz – doubling up as group CFO after Claire Coward’s recent resignation – says the board continues to engage with the interested party, emphasising that the negotiation does not constitute a firm intention to make an offer and may result in nothing. This is against a backdrop of a challenging local and global economic environment, and in the context of a total all-inclusive headline earnings per share basis that is down by 40%, says Katz.Citadel’s assets under management were positively impacted by the weakness of the rand,” says Katz. Its clients’ portfolios are predominantly set offshore.
öller, CEO of Citadel. He adds that the organisation plans to launch a separate family office offering in the third quarter of next year.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:
Sverige Senaste nytt, Sverige Rubriker
Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.
Business Maverick: Google Deepens Push for Financial Data With Citigroup Tie-UpGoogle is taking its deepest dive yet into the financial lives of its users with plans to roll out a checking-account service.
Källa: dailymaverick - 🏆 3. / 84 Läs mer »
Business Maverick: Tencent Slides 2% After Earnings Miss Lowest Analyst’s EstimateTencent Holdings Ltd. slid more than 2% after reporting earnings below the lowest analyst’s estimate, underscoring the Chinese internet giant’s challenges in reviving growth during an economic slowdown.
Källa: dailymaverick - 🏆 3. / 84 Läs mer »
BUSINESS MAVERICK: OP-ED: The fall of the Berlin Wall and social democracyIt was already clear 30 years ago that the fall of the Berlin Wall would change everything. But precisely what that change will mean for world politics in the 21st century still remains to be seen.
Källa: dailymaverick - 🏆 3. / 84 Läs mer »
BUSINESS MAVERICK: Amcu again says that platinum wage deals will be signedThe Association of Mineworkers and Construction Union has once again said that wage deals will be signed with South Africa’s big platinum producers, this time on Friday, 15 November 2019. The union said on Tuesday that the signing ceremony would take place on Wednesday and then pulled the plug amid apparent last-minute wrangling. Hopefully, there is no false alarm this time.
Källa: dailymaverick - 🏆 3. / 84 Läs mer »
Business Maverick: Jack Ma Says U.S.-China Trade Tension Could Last 20 YearsJack Ma, the co-founder and former chairman of Alibaba Group Holding Ltd., said trade “turbulence” between the U.S. and China could last 20 years if the two superpowers aren’t careful.
Källa: dailymaverick - 🏆 3. / 84 Läs mer »
Business Maverick: Data suggests that SA’s economy contracted in Q3South Africa dodged a recession in the second quarter of 2019, but the economy may be in the throes of one now. Data for the third quarter is generally bleak and suggests the economy contracted over that period. This means that if growth did not start rebounding last month, the economy could well be in recession mode now.
Källa: dailymaverick - 🏆 3. / 84 Läs mer »