Shareholders deserve better
Article Abstract:
Lonrho Africa stockholders are to vote on the board members for the conglomerate, with Blakeney Management, which holds a 10% stake in the company, seeking to put in three new directors. The poor performance of some subsidiaries such as National Breweries is one reason for stockholder discontent. The conglomerate's board has failed to realize the value of some of its world-class assets. Blakeney could lose the vote, which could mean a stock price fall for Lonrho Africa, making it vulnerable to predators.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1998
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Undervalued diversity
Article Abstract:
Cosalt aims to limit the number of activities it focuses on to one or two, rather than five, but prefers to be able to replace profit contributions prior to selling any business. The company is small, and a premature shedding of business would create problems. A core business is safety and protection, and profits could improve in this activity. Workwear could benefit from Far East sourcing. There has been a poor performance in the company's fibers and lighting operations, but this could change.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1999
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