Lonrho Africa, Time to BUY?

It's what I expected:

grgkecer - 18 Feb'05 - 10:57 - 169 of 194 edit


"The Board of Lonrho Africa continues to investigate opportunities to maximise
shareholder value, including a potential demerger of its wholly owned subsidiary Lonrho Africa Trade & Finance Limited ("LATF"). LATF operates the defined benefit John Holt Pension Scheme."
Whatever happens to the Pension Scheme, after the final results due within the next fortnight, LAF will be little other than a cash shell. Given Lonrho's history and the current mining mania, it is difficult to believe that the company will not have considered buying into this activity, preferably outside Africa.

... but it could be oil.