MARC HASENFUSS: How Astoria got it right

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Investment group Astoria is reaping the turnaround from diamond miner Trans Hex, and reckons its faith in Outdoor Investment Holdings is well justified, writes MarcHasenfuss.

Last week Remgro CEO Jannie Durand was philosophical about the market’s distinct lack of enthusiasm for the investment behemoth’s new unlisted bias.

But he stressed that holding unlisted interests means a good deal more flexibility in dealing with operational and strategic issues in the various portfolio companies...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and TimesLive Premium.

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