Managing Director, Golden Section Capital

Garreth Elston

Managing Director

Golden Section Equity Research

Golden Section Capital

Golden Section Capital is a private international investment, specialist independent equity research, and corporate finance consulting services provider focussing on real estate and infrastructure. 

Paid for corporate research on Real Estate and Infrastructure companies. Plus independent pieces on various real estate companies and themes.

Equity Bottom-Up

PrimeTime Property Holdings / Equity Bottom-Up

<ul>
<li>PrimeTime Property remains significantly undervalued, we update or Fair Value to P2.15</li>
<li>RDC Properties has launched an unsolicited, all-share offer to acquire PrimeTime. The offer is thin on detail and fails to establish any convincing case for strategic or financial merit.</li>
<li>PrimeTime continues to deliver on operational performance and portfolio quality, anchored by its dominant Botswana exposure.</li>
</ul>


PrimeTime Property remains significantly undervalued, we update or Fair Value to P2.15
RDC Properties has launched an unsolicited, all-share offer to acquire PrimeTime. The offer is thin on detail and fails to establish any convincing case for strategic or financial merit.
PrimeTime continues to deliver on operational performance and portfolio quality, anchored by its dominant Botswana exposure.


Opportunism in Botswana’s Listed Property Sector - PrimeTime Property Ltd Update

<ul><li>PrimeTime Property Holdings operates a diversified portfolio of thirty properties, spread across Botswana, South Africa, and Zambia.</li><li>The company is currently Botswana’s smallest listed property company in market capitalisation terms, despite having the fourth largest portfolio by asset value, but the company’s intrinsically fully let portfolio offers professionally managed, superior quality buildings, in desirable locations at a currently attractive valuation.</li><li>Latest interim results have seen revenues increased by 6% compared to the prior year’s interim period.</li></ul>

PrimeTime Property Holdings operates a diversified portfolio of thirty properties, spread across Botswana, South Africa, and Zambia.The company is currently Botswana’s smallest listed property company in market capitalisation terms, despite having the fourth largest portfolio by asset value, but the company’s intrinsically fully let portfolio offers professionally managed, superior quality buildings, in desirable locations at a currently attractive valuation.Latest interim results have seen revenues increased by 6% compared to the prior year’s interim period.

PrimeTime Property Holdings Limited: Punching Above Its Weight – Small Firm, Big Value

Botswana

PrimeTime Property Holdings Limited is a property investment, property development, and project management company.

PrimeTime Property Holdings (PRIMETIM BG)

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Opportunism in Botswana’s Listed Property Sector - PrimeTime Property Ltd Update

​PrimeTime Property remains undervalued, updated Fair Value at P2.15. The current unsolicited offer from RDC lacks merit.

Golden Section Capital

PrimeTime Property Holdings Limited: Punching Above Its Weight – Small Firm, Big Value

PrimeTime Property Holdings operates a diversified portfolio of thirty properties, spread across Botswana, South Africa, and Zambia.

Golden Section Capital

PrimeTime Property remains undervalued, updated Fair Value at P2.15. The current unsolicited offer from RDC lacks merit.