|hold+||SELL: 0%||HOLD: 33%||BUY: 67%|
|% From 52WK High||-37.55% ( 253 )|
|% From 52WK Low||139.39% ( 66 )|
|Business||RMB Holdings Ltd is a holding company that owns roughly a third of FirstRand Limited, which is a large financial-services group in South Africa. FirstRand is RMB's sole investment. FirstRand operates First National Bank, which...Read More|
|Market Cap||R 2,230,491,084|
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|Offshore Earnings Component||Low|
|01/07/2020||RMB HOLDINGS LIMITED - Dealings in securities by a director of a major subsidiary|
|25/06/2020||RMB HOLDINGS LIMITED - Unbundling of FirstRand distribution shares: cash payment for fractional entitlements and apportionment of tax cost|
|23/06/2020||RMB HOLDINGS LIMITED - Dealing in securities by a director|
|15/06/2020||RMB HOLDINGS LIMITED - Finalisation announcement: RMH unbundling of FirstRand Distribution Shares|
|11/06/2020||RMB HOLDINGS LIMITED - Disclosure of significant holding of RMH ordinary shares|
|09/06/2020||RMB HOLDINGS LIMITED - Disclosure of significant holding of RMH ordinary shares|
|01/06/2020||RMB HOLDINGS LIMITED - Report on proceedings at the general meeting and update on governance|
|RMH was established in 1987 by the coming together of Rand Consolidated Investments owned by GT Ferreira, Laurie Dippenaar and Paul Harris and Rand Merchant Bank, then run by Johann Rupert. RMH's aim is to be a value-adding long-term partner, enabling leadership and innovation in banking and financial services. Its founding members are highly influential in the industry and remain committed to achieving its objectives. RMH strives to achieve this vision by pursuing opportunities in the changing financial services landscape which meet its stringent criteria and strong values. Our objective is to create value for our shareholders over the long term, through both an attractive dividend yield and an increase in intrinsic value.
RMH is a focused investment holding company, with its main holding being a 34% interest in FirstRand, generally regarded as Southern Africa's pre-eminent financial services group, FirstRand consists of a portfolio of leading financial services franchises. These are First National Bank (the retail and commercial bank), Rand Merchant Bank (the investment bank), WesBank (the instalment finance business) and Ashburton Investments (the newly established investment management business). FirstRand's vision is to be the African financial services group of choice, create long-term franchise value, deliver superior and sustainable economic returns to shareholders within acceptable levels of volatility and maintain balance sheet strength.
RMH recently announced the expansion of its investment strategy to include property. The new property investment strategy meets the stated objective of creating shareholder value and also further diversifies RMH's earnings base as we will invest across the breadth of the property value chain. In line with our history and ethos, we will focus on entrepreneurial and owner-managed businesses. The strategy will involve investing in physical property portfolios as well as vertically integrated property companies, specifically with internal management teams that offer asset management, development management and property management skills.