Tiso Blackstar Group

Termination of coverage

8 November 2016

Edison Investment Research is terminating coverage on Tiso Blackstar Group (TBGR). Please note you should no longer rely on any previous research or estimates for this company. All forecasts should now be considered redundant. MORE »

Moving to become a single-sector investor

20 April 2016

Tiso Blackstar Group (TBGR) announced that it intends to focus solely on the media sector in future and dispose of all its non-media assets, almost half of the current portfolio. This move should, in due course, see the company transition from being valued on an NAV basis to an earnings basis. It should crystallise value for shareholders from the industrial assets and may lead to a re-rating for the media assets. TBGR’s results showed its investments performing steadily against a difficult economic background in South Africa. MORE »

Seasoned African investor at a wide discount

5 October 2015

Tiso Blackstar Group (TBGR) is an Africa-focused, London-quoted investment company with a 10-year track record of investing in sub-Saharan Africa. The company’s key investments in South Africa provide cash flows to invest in other African markets. The managers aim to take controlling stakes in their investments and to be active shareholders, investing in companies with exposure to consumer growth in the region, which is likely to be strong. With two key investments following a transformative deal in June 2015 underpinning the growth strategy and strong cash flow available at a considerable discount, TBGR is a potentially attractive vehicle to gain exposure to economic development in sub-Saharan Africa. MORE »