Battling companies compound Arrowhead woes

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South Africa Headlines News

Rebosis chose not to pay a dividend in its latest reporting season while the dividends from Dipula Income Fund and Indluplace Properties have shrunk

Arrowhead Properties’s investments in other property companies have come back to bite it in 2019.Rebosis Property Fund, Dipula Income Fund and Indluplace Properties have all performed poorly recently, compounding the challenges Arrowhead has faced at its directly held properties that have made the company’s financial year to September difficult.

The merged entity retained the Arrowhead name while maintaining Gemgrow’s dual A and B share structure, to appeal to shareholders with varying risk appetites. But CEO Mark Kaplan said Arrowhead’s portfolio is being refined and the company is focused on getting most of its income from its directly held SA properties.

 

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