RBA ON THE MOVE

Finweek English Edition - - INVESTMENT -

RBA Hold­ings was the sub­ject of last week’s In­vest­ment Clinic as we com­pared it to Calgro M3* and no sooner had I sent the ar­ti­cle off to the ed­i­tor than the stock started mov­ing higher fol­lowed by a SENS on the dis­posal of 148 ren­tal units in Protea Glen. New man­age­ment had com­mented that they wanted to get out of the ren­tal busi­ness as it was stretch­ing the bal­ance sheet and not gen­er­at­ing the lev­els of in­come they’d planned for. The June 2012 si­monb@fin­week.co.za

@Si­monPB *The writer owns shares in Calgro M3.

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