Group faces the dreadful truth
In response to criticism, both real and rumoured, on 12 February, Resilient Reit Limited – which has been notorious in these columns since 2011 – issued a statement via the Stock Exchange New Service (SENS) which began:
“Resilient is satisfied that market participants have a thorough understanding of the investment case the Company offers. Resilient will continue to engage constructively with its auditors, investors, analysts and the JSE with the purpose of disclosing all the information required to conform to applicable standards.
“It is for the market to judge whether a narrow focus on tangible asset value provides an adequate reflection of the investment case for Resilient or any of the companies it has invested in.”