Picture: ISTOCK
Picture: ISTOCK

Graeme Körner from Körner Perspective chose Sasol as his stock pick of the day, while Gerbrand Smit from NEFG Fund Managers chose MMI Holdings.

Körner said, taking a rolling two-year view, Sasol was a good choice, and there was also “nice optionality” within the company.

“If oil can hold at $60 a barrel and the rand can continue to hover around R12/$, there will be huge returns if and when the Lake Charles Chemicals Project (LCCP) in Louisiana comes online,” he said.

Smit said it was difficult to get a margin of safety within the stock market. On an embedded value basis — the way insurance holders should be valued, he said — MMI was the cheapest on a discount of 25%.

Graeme Körner from Körner Perspective talks to Business Day TV about Sasol, while Gerbrand Smit from NEFG Fund Managers discusses MMI Holdings

OR LISTEN TO THE FULL SHOW:

Listen to all latest podcasts here.