Overview
Tiso Blackstar Group (formerly Blackstar : BLCK) is an investment company, whose objective is to gain exposure to the growth on the African continent largely through companies in South Africa with the underlying themes of strategic market position and strong cash flow. The investment policy of the Company is to generate returns, in the form of both capital appreciation and income to shareholders, through investing in a portfolio of businesses. While not constricted geographically, given the background and experience of management, it is expected that the majority of capital invested will be in businesses operating in southern Africa, with a particular focus on South Africa. Investments outside southern Africa will be considered where the Board believes the opportunities are particularly attractive. The Company will look to invest in businesses with underlying themes of strategic market position and strong cash flows.
News
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06 Oct 2015 1 min read
Tiso Blackstar NAV falls in transformational six month period
Tiso Blackstar has changed its year end from December to June and so has just released final results covering the six months to the end of June 2015. Over that period its “intrinsic NAV” fell by 13.1% from 99p to 86p. in South African Rand terms the NAV fell 7.5% from 17.84 to 16.51 so […]
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30 Jul 2015 2 min read
Tiso Blackstar ups stake in Robor
Tiso Blackstar says it will increase its interest in Robor from 19.4% to 51%. Tiso Blackstar will purchase additional ordinary shares in Robor from certain existing Robor shareholders for a consideration of R29.6m (£1.5m) which will be settled through the issue of new Tiso Blackstar shares at intrinsic net asset value per share. Established in 1922, Robor […]
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24 Apr 2015 1 min read
BlackStar asset value climbs despite Rand weakness
BlackStar Group has announced results for the year ended 31 December 2014. Over the year its net asset vale rose from 93p to 99p. They are paying a dividend for the year of 0.77p. The weakness of the Rand relative to sterling held back results. BlackStar is in the process of finalising two large transactions […]
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08 Dec 2014 2 min read
Takeover and merger deals planned for Blackstar
Blackstar Group is planning to buy 100% of Times Media Group and 22.9% of Kagiso Tiso Holdings in exchange for cash and shares in Blackstar. Following the completion of the transaction, Blackstar will change its name to “Tiso Blackstar group SE” Blackstar already owns 32.5% of Times Media Group. To buy the remainder Blackstar will […]
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26 Sep 2014 1 min read
Blackstar Group hurt by weakening Rand
BLCK : Blackstar Group hurt by weakening Rand Blackstar Group’s interims, covering the six months ended 30 June 2014, show its net asset value rising by 4.3% in Rand terms but by just 0.1% in Sterling terms as the Rand weakened vs. Sterling over the first half of 2014. Blackstar says it increased its stake […]
