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Sportsmans Warehouse may be unbundled, Long4Life says

Sportsmans Warehouse may be unbundled, Long4Life says
news24.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from news24.com Daily Mail and Mail on Sunday newspapers.

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Brian Joffe on Long4Life results, prospects and strategy


Brian Joffe on Long4Life results, prospects and strategy
South African business icon Brian Joffe was the flagship guest for last night’s BizNews Power Hour, with the Bidvest founder upbeat about the prospects of his latest venture – Long4Life. The investment holding company has some great assets with household names such as Sportsmans Warehouse, Fitch & Leedes and Sorbet. Given the perennial investment holding problem – a large discount to net asset value – Long4Life has outsourced Investec Corporate Finance to extract value via corporate action. This could see Long4Life unbundle one of its crown jewels or even delist from the local bourse. No matter what scenario plays out, shareholders can sleep easy knowing Mr Joffe will be making the final call. – Justin Rowe-Roberts ....

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Sorbet's income halved in tough year for Long4Life


Sportsmans Warehouse
Long4Life, Brian Joffe s holding company, reported that its earnings per share decreased by 26% to 31.9 cents for the year to end February.
On Thursday, the owner of Chill Beverages, Sportsmans Warehouse and Sorbet said the pandemic and resultant national lockdown restrictions had a significant impact on the operating and financial performance of the group over the past year.
This is due to trade in the three group divisions - Sport and Recreation, Beverages, and Personal Care and Wellness - being severely restricted for most of the first half of the financial year.
The group s revenue of R3.582 billion decreased by 12% against the previous year. ....

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