Asief interviewed by SABC at the ABSIP Investment Summit 2016
SABC news coverage of the investment management summit. Transformation needed within the investment management industry View on http://www.absip.co.za ...
Sovereign hits high after offer by Country Bird
SHARES in poultry group Sovereign Food Investments perched close to a 12-month high on Thursday, after larger rival Country Bird Holdings tabled a buy-out offer at 900c/share. At the close of trade Sovereign’s shares were up 16.55% to 838c — close to the 880c annual high recorded in October last year. Country Bird already owns [...]
Finweek Backing Well Known Names
The fund aims to protect at least 90% of investors’ capital on an ongoing basis and is regulation 28-compliant. The fund targets the growth of underlying capital and achieving increased income returns. The fund is optimistic about the growth prospects of multinational media company Naspers*, according to Asief Mohamed, manager of the fund and director of [...]
More twists than the Sani Pass
I’m all for shareholder activism. Too often management whose interests are not aligned with shareholders’ ride roughshod over the rights of shareholders. For this reason the efforts of shareholder activists like Theo Botha, Chris Logan and Albie Cilliers must be applauded. It is horrifically difficult to take a stand as a small shareholder and see [...]
Prudential open to Sovereign offers
PRUDENTIAL Investment Managers, the largest shareholder in Sovereign Foods, with a 22.3% stake, says it is "not wedded" to its Sovereign investment, and would consider any fair offer for the shares. In a veiled reference to recent attempts by Country Bird Holdings executive director Kevin James to persuade some of Sovereign’s institutional shareholders to sell, [...]
Zuma appeal to business bodes well for AB InBev-SAB beer merger
The country’s troubles, from a gyrating currency to a flip-flopping government, may be good news for the maker of Budweiser. Of all the countries whose regulators need to approve Anheuser-Busch InBev NV’s purchase of SABMiller, only one is flirting with a potential junk-bond rating. It’s South Africa. The country’s troubles, from a gyrating currency to [...]
No sale time like the present for SA
Johannesburg - Now may be as good a time as ever for South Africa to sell Eurobonds for the first time in almost two years. Finance Minister Pravin Gordhan travelled to the UK and US this week to reassure investors and rating companies of his commitment to meet fiscal goals. While the trip was billed [...]
Sovereign Food Investments: Astral back to its nest
DIRECTORS of Sovereign Food Investments deny it, but the company is adopting an empowerment scheme to ward off takeover attempts by larger poultry rivals. In creating this “friendly” voting block with management participation, Sovereign has the support of influential institutional investors Prudential, Sanlam and Old Mutual. In addition, the JSE’s “big bird”, Astral Foods, which recently [...]
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 [...]
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 [...]