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Saudi Arabian stalking horse

Banks - 19 July 2020

Is Barloworld in play? In “Saudi Arabian stalking horse” Ingham Analytics deduce that this could be the case. And it may come from a surprising source, a Middle Eastern business that has already built a sizeable stake. There is an opportunistic element to this with the rand and the share price having weakened considerably. Ingham Analytics do caution that Barloworld cash flow deteriorated markedly in the six months to 31 March 2020 and that net asset value per share as stated may not necessarily be realisable in prevailing conditions. What is Barloworld worth and what could it be bid for?

Trader: R15.00

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