Diamonds in the rough

The JSE-listed companies that are under-valued and unloved but which show promise. The JSE is trading on a price:earnings multiple of 19.6, well above its ten-year average of 16.2x. While valuations are still high, in many cases share prices have retreated slightly and for those prepared to do the legwork, value can be found. The [...]

2017-10-17T16:19:58+00:00December 10th, 2015|

An unlikely flame-thrower: Asset manager takes on the sovereign board

Asief Mohamed doesn’t look like your average flame-thrower, but this quietly spoken man, who heads up boutique asset management firm Aeon Investment Management, believes corporate South Africa needs a fire lit underneath it. He is leading the charge, along with fellow shareholder activist Chris Logan, to ring some changes in the executive pay structures at [...]

2017-10-17T16:48:09+00:00October 7th, 2015|

Investor cries foul at Sovereign Food Investments executive bonuses

A TOP fund manager has slammed the board of directors at Eastern Cape-based poultry producer Sovereign Food Investments for not exercising their fiduciary responsibility to act in the best interests of shareholders. In a letter seen by Business Day, Aeon Asset Management chief investment officer Asief Mohamed argued that by significantly lowering a performance threshold, [...]

2017-10-17T16:46:36+00:00September 9th, 2015|