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>RDC Properties Limited is a variable loan stock company listed on the Botswana Stock Exchange.</li>
<li>The company is currently Botswana’s second largest listed property company in market capitalisation terms, despite having the largest portfolio by asset value.</li>
<li>It currently operates in Botswana, South Africa, Madagascar, Mozambique, Zambia, Croatia, and the United States of America.</li>
</ul>


RDC Properties Limited is a variable loan stock company listed on the Botswana Stock Exchange.
The company is currently Botswana’s second largest listed property company in market capitalisation terms, despite having the largest portfolio by asset value.
It currently operates in Botswana, South Africa, Madagascar, Mozambique, Zambia, Croatia, and the United States of America.


RDC Properties Limited: Botswana’s Family-Dominated Behemoth – Quo Vadis?

Botswana

RDC Properties Ltd is Holding company of Income-generating investments through its subsidiaries.  The subsidiaries engaged in property investment, property owning, property management and property development.

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RDC Properties (RDCP BG)

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

RDC Properties Limited: Botswana’s Family-Dominated Behemoth – Quo Vadis?

RDC Properties Limited is a variable loan stock company listed on the Botswana Stock Exchange. The company is currently Botswana’s second largest...

Golden Section Capital

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

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

RDC Properties Limited: Botswana’s Family-Dominated Behemoth – Quo Vadis?

RDC Properties Limited is a variable loan stock company listed on the Botswana Stock Exchange. The company is currently Botswana’s second largest...

Golden Section Capital

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