RMH now only has one business, RM Properties, which only has three investments in its portfolio; Atterbury, debt and equity funding business, Integer Properties and urban renewal property fund, Divercity.
Shares of property-focused RMB Holdings (RMH) jumped 12% on Wednesday morning after it announced a pickup in the value of its portfolio and a special dividend.
The group's net asset value rose about 2% to R1.45 billion in the six months to end-September, relative to March, and it also opted to declare a R327 million special dividend. Its value was lifted by its most important asset, Atterbury, which also helped its cash pile after the settlement of a loan account.
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