Annual Results: Long4Life pulls out all the stops to re... :

Annual Results: Long4Life pulls out all the stops to re...


Long4Life, the lifestyle investment company that was listed on the JSE by CEO Brian Joffe in April 2017, is pulling out all the stops in order to realise more value from its investments – including a potential delisting. 
The news came as it released annual results for the year to 28 February that showed a strong recovery in its second-half performance. 
The company has been buying back shares, spending almost R486-million on repurchases last year at an average price of R3.42 per share. It said it used cash surplus to its requirements to invest in the buybacks due to the intrinsic value within the group. Since 2019, it has spent R1-billion on repurchases. Acquisitive growth is limited due to the high prices vendors expect to achieve for suitable businesses. 

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