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Sportsmans Warehouse may be unbundled, Long4Life says

Sportsmans Warehouse may be unbundled, Long4Life says
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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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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.  ....

South Africa , Wayne Mccurrie , Brian Joffe , Foschini Group , Investec Bank , Sportsmans Warehouse , Outdoor Warehouse , Chill Beverages , Personal Care , பிரையன் ஜாஃப் , விளையாட்டு வீரர்கள் கிடங்கு , ஔட்‌டோர் கிடங்கு , குளிர்ச்சியுங்கள் பானங்கள் , தனிப்பட்ட பராமரிப்பு ,