Lessons in wealth management from a cursed family
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Afrimat’s track record is spectacular. Spear REIT is a highly respected property fund. On Unlock the Stock, you can learn about both companies.
RCL is far more than just a chicken business
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Bidvest: strong trading profit growth in every division
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Liberty Two Degrees: reversions continue to bite
Liberty Two Degrees holds stakes in some of the most iconic properties in the country
Alviva: 20% revenue growth excl. Tarsus
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PSG Group and the Great Value Unlock
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Capital Appreciation on the deal train
The company has announced the acquisitions of three technology companies in South Africa and a 20% stake in a company in the Netherlands.
Woolworths won’t miss 2021
as released results for the 26 weeks to 26 December 2021. The share price rallied 6% despite a fair share of negative commentary on Twitter.
Cashbuild’s negative sales momentum continues
Cashbuild released its interim results for the six months ended 26 December 2021
Comments (3)
Tim Anderson
25 Mar 2024Interesting article, thanks Dominique.
I am currently watching a story similar to yours unfold before my eyes. An entrepreneur and his brother built a very successful medium sized business that has a promising future. This entrepreneur has reached the age when he has to start withdrawing from the business. Unfortunately, he has decided that his two children must take over as directors, when it is clear that they are unprepared for this role. The successful company all of a sudden has a rather uncertain future.
The father would do better for his children by bringing in an professional manager from outside to give his children time to learn the ropes and to protect their shareholding. But the father is completely blind to his childrens’ unpreparedness and is unwittingly putting their future employment and shareholding at risk. It will be a great shame, as well as being totally unnecessary, if the children lose everything.
Mike
25 Mar 2024Excellent article – very informative and thought provoking.
Mike
Alex
15 Apr 2024I enjoyed this historical article a lot. There are some good life lessons we can learn from the Vanderbilt’s failures.