In the News

22 Nov 18

Peregrine Pays Maiden Interim Dividend


The financial services and wealth management group says the payout is in line with the direction given to shareholders at the time of its restructuring. Peregrine Holdings is paying a maiden interim dividend of 85c per share following a restructuring of the group and the unbundling of private equity and hedge fund business Sandown Capital a year ago.

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21 Nov 18

Peregrine Posts Rise in Headline Earnings


Peregrine announced its six months results ended 30 September reflecting increased headline earning by 4-percent to 283-million rand. Peregrine Group, one of South Africa’s premier wealth and alternative investments specialists also reported annuity earnings from continuing operations to be up by 15-percent. To unpack these figures CNBC Africa is joined by Peregrine CEO, Rob Katz.

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21 Nov 18

Peregrine Seeks Targets with War Chest


Peregrine Holdings’ disposal of its structuring and broking businesses has left it with a war chest of nearly R1bn to fund its expansion, CEO Rob Katz said. The transaction became effective on October 1, leaving Peregrine with as much as R800m to deploy into its remaining businesses.

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21 Nov 18

Peregrine Reaping Benefits of Offshore Operations


Specialist financial services group Peregrine reaped the rewards of its diversification strategy with offshore operations contributing 56 percent of the group’s earnings for the six months to end September. Last year the offshore operations contributed 38 percent of the group’s earnings.

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21 Nov 18

Peregrine is a Sexy Rand Hedge Stock


Peregrine has declared its first interim dividend and holds the promise of more for shareholders. That’s the assessment by a team of analysts who work under the pseudonym of John Maynard. In this analysis, Peregrine is put under the microscope, with the conclusion that Peregrine is one of the most under-rated mid cap stocks. Although revenues and profits are lower than in the previous reporting period, there are signs that the investment specialist is set to improve its performance.

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