Resilient isn't

Noseweek Issue #222, 1st April 2018   


Resilient isn't

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.”

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Submitted by : Vic on 2018-03-29 16:46:47
I sold my shares in both Fortress A and B after last months article. I have also seen my Steinhoff shares drop to almost zero, Tiger Brand dropping substantially thanks to their "enterprising" disaster and lastly Famous brands shedding 30% plus thanks to their rubbish incursion into the UK burger market. if one of ther subsidiaries staff had done something that cost them even a few Rands, they would have faced sanction. What do the directors face for fucking up. Nothing. Maybe a smaller bonus?

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