WATCH: Stock pick — Bidcorp
Martin Smith from Anchor Securities chose Bidcorp as his stock pick of the day.
“Post the sell-off on Tuesday, obviously given the MSCI re-weighting, we took a position in quite a lot of SA Inc shares, especially before the cabinet announcement, which had the desired effect today as we saw. But one that I’m fundamentally quite positive on is Bidcorp. I think it’s looking like relatively good value, a lot of optionality on the balance sheet, good management team, good structural growth story coming through and I think it’s a nice defensive play.”