Should I buy Reinet Investments stock in 2025?

What is Reinet Investments?

How much is the Reinet Investments stock?

The price of Reinet Investments stock is stable this week. As of now, the share is trading at €24.80, showing no change over the last 24 hours and marking a 4.20% decrease for the week. The company's market capitalization stands at €4.31 billion, with an average daily volume of approximately 958 shares over the past three months. Reinet's P/E ratio is 4.34, while the dividend yield is 1.41%; beta information is currently unavailable. While Reinet offers attractive long-term fundamentals, recent market movements highlight the importance of monitoring volatility for investors in South Africa.

Our full analysis on the Reinet Investments stock

Having reviewed Reinet Investments' latest annual financial performance and its share evolution over the past three years, we have synthesized quantitative indicators, technical patterns, and market intelligence—including comparative peer analysis—into our proprietary analytical framework. The results highlight a robust financial trajectory, sustained profitability, and a set of technical signals that, in our view, reinforce the case for renewed investor attention. So, why might Reinet Investments once again become a strategic entry point into the international alternative asset management sector in 2025?

Recent Performance and Market Context

Reinet Investments, listed on Euronext Amsterdam and cross-listed in Johannesburg (RNI), currently trades at €24.80 per share (as of 30 May 2025), with recent price action reflecting some consolidation after what has been a resilient performance relative to market volatility. Over the past week, Reinet has eased by -4.2%, finishing the past six months almost flat at -0.81%, and posting a modest yearly retracement of -3.33%. These adjustments follow a period of portfolio repositioning, and take place in a context of solid long-term capital appreciation—Reinet’s net asset value (NAV) per share has grown from €34.02 in 2024 to €38.04 in 2025, an exceptional +11.8% year-on-year increase.

Crucially, Reinet has recently executed a strategic transformation of its investment portfolio. The headline event was the January 2025 sale of its full stake in British American Tobacco (BAT), which unlocked €1.627 billion of liquidity. This move considerably fortified Reinet’s balance sheet, boosting its cash reserves (€1.819 billion as at year-end), extinguishing all outstanding bank debt, and empowering management with increased flexibility for opportunistic capital deployment. New investment commitments—totalling €39 million—and ongoing growth in the core Pension Insurance Corporation stake underscore management’s focus on long-term compounding and resilient income streams.

From a macroeconomic standpoint, Reinet benefits from a benign backdrop for global alternative assets: persistently low rates in Europe, a supportive regulatory regime for pension risk transfers in the UK, and strong flows into US and Asian private equity. These factors, coupled with growing investor appetite for diversified cross-border exposure, reinforce the attractiveness of Reinet’s investment universe and strategy.

Technical Analysis

Assessing Reinet’s technical setup, recent indicators point to stabilizing price action and the emergence of potentially bullish momentum. The Relative Strength Index (RSI) stands at 57.45—a neutral reading, but edging towards the higher end, suggesting the stock is neither overbought nor oversold and retains headroom for further upside. The Moving Average Convergence Divergence (MACD) registers at 0.18, emitting a slight positive bias, while moving averages over key timeframes are beginning to flatten—historically a precursor to trend reversals.

Support and resistance structures are clearly defined, with €23.40 providing robust near-term downside protection (the day’s low), and €25.00 capping the upside (the day’s high and a near-term resistance). Crucially, the 52-week trading range (€20.00–€27.40) positions current levels near the lower-middle of the channel, leaving room for a move towards the upper bound should catalysts materialize.

Short- and medium-term momentum is demonstrating resilience. Following a recent period of mild retracement, the combination of neutral-to-positive technical indicators and rising NAV suggests Reinet may be primed to enter a new bullish phase as investor sentiment continues to shift in favour of high-quality diversified alternative asset platforms.

Fundamental Analysis

On the fundamentals, Reinet delivers a compelling investment case. FY2025 saw revenue surge to €1.004 billion, almost a fivefold increase versus the prior year, and net profit rise substantially from €519 million to €795 million. The net asset value increased to €6.9 billion, with a growth rate of 11.8%—remarkable given broader market volatility.

Reinet’s price/earnings (P/E) ratio now stands at just 4.34, a level that appears deeply attractive both versus historical averages and relative to both global listed investment companies and local peers on the JSE. With a projected dividend of €0.37 per share (+5.7% over last year), the forward yield (1.41%) is competitive, especially when anchored by growth in NAV and strong recurring income streams from core holdings.

Strategically, Reinet has reinforced its business model by recycling capital from mature investments (BAT) into high-conviction, longer-dated opportunities—most notably the Pension Insurance Corporation (which now constitutes 53.7% of NAV), as well as US and Asian private equity and fund positions. This has further diversified both sectorally and geographically, while maintaining exposure to resilient, income-generative assets. The management’s stated policy remains focused on capital protection, measured risk-taking, and NAV growth—all attributes that typically underpin premium valuations in the global investment trust sector.

Other structural strengths include:

• An exceptionally strong liquidity position (€1.819 billion).
• Broad regional diversification: Europe, USA, and emerging Asia.
• Partnerships with industry-leading fund managers (e.g., Trilantic Capital Partners, TruArc Partners).
• Disciplined governance under Johann Rupert, whose stewardship commands notable investor confidence.

These qualities, coupled with a 9.0% compound annual growth rate in NAV since 2009, point to a fundamentally robust platform capable of weathering volatility and capturing upside during market inflections.

Volume and Liquidity

Reinet’s trading volumes, while modest (averaging 957.8 shares daily over the last 65 days), demonstrate solid footing and liquidity, especially given its cross-listing in Amsterdam, Luxembourg, and Johannesburg. The free float is bolstered by a diversified shareholder base and the absence of any significant overhang.

The limited, yet persistent, trading activity reflects steady institutional and sophisticated private investor participation, further underlining confidence in the Reinet model. Low daily volume can, in certain circumstances, catalyze dynamic price action during periods of rising demand or inflows—often resulting in swift price adjustments and sharper-than-average gains during bull phases. The tightly held float creates conditions conducive to strong upside moves when buying pressure intensifies, which experienced market participants can leverage to their advantage.

Catalysts and Positive Outlook

Several compelling catalysts are converging to favour Reinet’s upside outlook into 2025 and beyond:

• Exceptional liquidity empowers rapid deployment into new high-quality opportunities across private equity, infrastructure, and specialist credit.
• Growth in pension insurance risk transfers in the UK supports robust returns from Pension Insurance Corporation—Reinet’s largest asset.
• Geographic expansion into US and Asian private equity creates new levers for return enhancement and risk smoothing.
• ESG alignment is inherent in the portfolio, with investments in sectors (such as financial security and long-term savings) that benefit from favourable regulatory and societal trends.
• Dividend growth—the proposed increase to €0.37 per share for 2025 marks a 5.7% uplift and signals management’s ongoing commitment to shareholder returns.
• Clear strategy for value creation, with active rotation out of legacy positions and disciplined redeployment into higher-growth and less-correlated asset classes.
• Strong pipeline of private investment opportunities, underpinned by the group’s extensive industry connections and sourcing advantages.

The current macro environment—marked by persistent appetite for uncorrelated return sources, ongoing pension reform, and cross-border capital mobility—augments Reinet’s portfolio positioning. Management’s demonstrated agility in recent portfolio moves (e.g., timely BAT exit, prepayment of debt), and its readiness to scale new investments, suggest a high probability of further positive surprises to come.

Investment Strategies

With its recent retracement and sector leadership, Reinet appears well-placed for multiple entry strategies:

• Short-term: Investors seeking tactical exposure may see opportunity in current technical consolidation near support (€23.40), with a favourable risk/reward profile ahead of the coming dividend and the possibility of new investment announcements reigniting upward momentum.
• Medium-term: For those focused on capital preservation and NAV growth, the expanding pipeline of international private equity investments—coupled with clear management discipline—positions Reinet well to benefit from new macro and sector tailwinds as 2025 progresses.
• Long-term: Reinet’s 9% compounded growth in NAV since inception, alongside sector and geographic diversification, guides a compelling case for patient investors targeting both capital appreciation and resilient income streams. The long-term rebalancing away from legacy tobacco and into next-generation asset classes should unlock further value for disciplined, forward-looking shareholders.

Across all horizons, the current valuation—a P/E significantly below peers and a share price trading at a meaningful discount to NAV—seems to represent an excellent opportunity: either as a core portfolio holding or as opportunistic exposure to global alternative assets.

Is it the Right Time to Buy Reinet Investments?

To summarize, Reinet Investments embodies a highly attractive risk/reward dynamic at present levels. Its proven ability to grow NAV at double-digit rates, the recent portfolio reshaping that released considerable liquidity, and the ongoing expansion into high-growth global private markets all reinforce the stock’s upside potential. The stock’s undervaluation by traditional metrics (P/E of 4.34, share price below NAV), resilient governance, and commitment to rising dividends mean the fundamentals justify renewed interest from discerning investors.

As the global investment landscape evolves and investor focus shifts towards diversified, well-governed, and agile platforms, Reinet Investments stands out as a stock that may be entering a new bullish phase—one underpinned by track record, flexibility, and calibrated risk-taking.

For investors seeking exposure to the converging themes of private equity growth, long-term capital protection, and strategic international diversification, Reinet Investments seems to represent an excellent opportunity as we approach 2025.

The combination of technical proximity to support, sterling fundamentals, and a visible growth agenda renders this an opportune moment to consider Reinet as a core position within a forward-looking investment portfolio.

How to buy Reinet Investments stock in ZA?

Buying Reinet Investments shares online is straightforward and secure for South African investors, thanks to regulated brokers that offer access to local and international markets. You generally have two main options: buying shares outright (spot/cash buying), making you a direct shareholder, or trading Contracts for Difference (CFDs), allowing you to speculate on the price with leverage. Both approaches cater to different investing styles and goals. To help you decide, you’ll find a comprehensive broker comparison further down this page.

Spot Buying

A cash or spot purchase of Reinet Investments shares means you become a part-owner of the company. You buy actual RNI shares listed on the JSE, and your investment will reflect changes in the share price and dividend payments. Most South African brokers charge a fixed commission per trade, typically ranging from R80 to R150, plus minimal exchange fees.

Example

If the Reinet Investments share price is R500, you can buy approximately 2 shares with a R1,000 stake after accounting for a R100 brokerage fee.

• Gain scenario: If the share price rises by 10%, your two shares are now worth R1,100.
• Result: +R100 gross gain, or +10% on your investment.

Trading via CFD

CFD (Contract for Difference) trading lets you speculate on the price movements of Reinet Investments shares without owning the underlying stock. With CFDs, you can apply leverage—commonly up to 5× your capital—allowing you to control a larger position with a smaller initial margin. Fees to watch include the spread (difference between buying and selling price) and overnight financing charges if you hold your position longer than a trading day.

Example

You open a CFD position on Reinet Investments with R1,000 and use 5x leverage, giving you exposure to R5,000 worth of shares.

• Gain scenario: If the share price rises by 8%, your position moves 8% × 5 = 40%, meaning a R400 gain on your initial R1,000 (before fees).

Final Advice

Before committing your funds, it's important to compare broker fees, market access, and platform features, as costs can directly affect your returns. Ultimately, the right method—cash buying for ownership and dividends, or CFDs for flexible, leveraged trading—depends on your investment objectives and risk appetite. A detailed broker comparison is available further down this page to help you choose the option that best suits your strategy.

Our 7 tips for buying Reinet Investments stock

The latest news about Reinet Investments

Reinet proposes a 5,7% increase in dividend, with Luxembourg and South African tax efficiency confirmed. The Board has recommended a dividend of €0,37 per share for 2025, up from last year’s €0,35, payable in September subject to shareholder approval. Crucially for South African investors, the existing tax ruling remains in force, enabling favourable treatment for Johannesburg-listed shareholders. There is no Luxembourg withholding tax applied to dividends, reinforcing Reinet’s appeal for South African residents seeking cost-efficient cross-border investment returns.

Reinet’s NAV rises 11,8% year-on-year amid robust portfolio performance and active capital reallocation. The company reported a net asset value of €6,9 billion as of March 31, 2025, compared to €6,2 billion a year earlier, reflecting significant year-over-year growth. This expansion was driven by higher revenue (€1,004 billion versus €212 million) and a net profit of €795 million, well above prior results. Key drivers included the strategic sale of its British American Tobacco stake and strong performance from Pension Insurance Corporation, its largest holding. This positive momentum could translate into higher investor confidence on the JSE.

Large-scale liquidity injection from British American Tobacco sale enhances future investment capacity and risk profile. Following the €1,627 billion divestment from British American Tobacco, Reinet’s liquidity reserves have soared to €1,819 billion. The cash influx enabled repayment of all bank debt and supports new investment commitments, totalling €39 million announced recently. Enhanced liquidity also positions Reinet to capture attractive opportunities in private equity and alternative assets—markets of growing interest among South African institutional allocators diversifying offshore.

Market technical signals show moderate optimism, with key indicators pointing to resilience after minor pullback. Despite a weekly share price decline of 4,2% to €24,80, Reinet’s Relative Strength Index remains comfortably neutral at 57,45, and the MACD trend stays slightly positive. Trading volumes remain typical and price action hovers close to support levels, suggesting that recent performance reflects broader market volatility rather than company-specific weakness. For ZA-based investors—who typically prefer stability and resilience in offshore holdings—these signals provide reassurance.

Reinet’s Johannesburg listing ensures direct local access, with stable governance under Johann Rupert and diversified growth strategy. Shares continue to trade under the ‘RNI’ ticker on the JSE, offering South African investors seamless exposure via domestic brokers and ZAR-based portfolios. The company benefits from seasoned leadership with Johann Rupert as Executive Chairman and a continued commitment to geographic and sector diversification, notably with increasing allocations to US and Asian private equity. The combination of strong governance, liquidity, and international reach affirms Reinet’s relevance for South Africa’s global allocation strategies.

FAQ

P. Laurore

Finance expert

Co-founder of HelloSafe and holder of a Master's degree in finance, Pauline has recognised expertise in personal finance, which she uses to help users better understand and optimise their financial choices. At HelloSafe, Pauline plays a key role in designing clear, educational content on savings, investments and personal finance. Passionate about financial education, Pauline strives, with every piece of content she oversees, to provide reliable, transparent and unbiased information for independent and informed financial management. To this end, she has tested over 100 trading platforms to help internet users make the right choices.