WATCH: Stock pick — Spar
Imtiaz Suliman from Sentio Capital chose The Spar Group as his stock pick of the day.
“Although it is in the retail sector and we are in a tough environment, Spar is a very nimble operator in this environment. They have the benefit of the franchisees driving that model very hard because it is their bread and butter and Spar is basically just a distributor of these franchisees,” said Suliman.
“The group also has the benefit of its offshore operations in Ireland and Switzerland. Ireland is benefiting from a very strong economy and they are growing much faster than emerging markets. Switzerland is in a self-help recovery and their margins should get better from here.”
Imtiaz Suliman from Sentio Capital talks to Business Day TV about Spar, his stock pick of the day
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