TALE OF TWO COM­PA­NIES

Finweek English Edition - - INVESTMENT -

It is of­ten en­light­en­ing to watch two com­pa­nies in es­sen­tially the same sec­tor have vastly dif­fer­ent op­er­at­ing per­for­mances and prof­its. ARB Hold­ings and South Ocean are two that cer­tainly have re­ported vastly dif­fer­ence per­for­mance. ARB has done very well, man­ag­ing a large cash pile with ab­so­lute ex­per­tise while South Ocean has strug­gled. But a re­cent trad­ing up­date prom­ises HEPS up 105%-115%, ad­mit­tedly off a very low base. I hope it is a case of sub­sidiary Ra­di­ant fi­nally do­ing well and not some ac­count­ing smoke and mir­rors in its oddly mis­placed prop­erty port­fo­lio.

Newspapers in English

Newspapers from South Africa

© PressReader. All rights reserved.