The NAV of Reinet is R14,11, and the Spot price is R11.09, a simple calculation tell us that the discount is 25.5% and that should Reinet unbundle all their BATS (British American Tobacco) shares to shareholders and one sell these shares in the market one would receive R11,40 per Reinet share, and the rest of Reinet is for free.
Reinets total assets are R27,272,028,032 with 1,959,412,860 shares outstanding.
We trade Reinet (buy at R11 to R11,10 and sell at R11,60 to R11,80)
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