Author Topic: Fairfax Africa  (Read 6804 times)

elliott

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Re: Fairfax Africa
« Reply #20 on: November 01, 2019, 03:34:03 AM »
Third quarter interim report is now available in FAH website.

Quote
The book value per share at September 30, 2019 was $8.54 compared to $9.60 at December 31, 2018

I have recalculated the BVPS using updated market data (public stocks). Almost no change at all from the reported figure above. Shares closed yesterday at USD 5.90

There might be several reasons for the discount:
  • the fees
  • the dismal performance of the public stock investments
  • the uncertainty related to the valuation of the private equity investments

In the first 9 months of the year the company has bought back and cancelled close to 5% of total outstanding shares at the end of fiscal year 2018.