Mellow Oaks soap opera compounds Pembury’s woes
It all started with great vigour, but the lifestyle group has fumbled badly in its endeavours
It is astounding how quickly the wheels came off at Pembury Lifestyle Group, which rode to market in early 2017 by offering excitable punters tickets in private education and retirement homes.
Interestingly, private education and retirement developments are two areas that PSG – one of the most successful long-term investors on the JSE – has backed with a good deal of vigour.
But Pembury has fumbled badly in its endeavours, and the last set of results to end December 2018 was swathed in red ink...