David Shapiro from Sasfin Securities and Wayne McCurrie from FNB Wealth & Investments talk to Business Day TV
22 August 2019 - 11:21
byBusiness Day TV
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David Shapiro from Sasfin Securities chose Estée Lauder as his stock pick of the day and Wayne McCurrie from FNB Wealth & Investments chose Sasol.
Shapiro said: “I’ve been looking at luxury goods and luxury companies as well and Estée Lauder came out with numbers which were staggering.”
McCurrie said: “Sasol’s current situation feels a lot like 2014 and 2015. Money has seriously been wasted on Lake Charles but the question is: is that in the share price? Sasol can literally abandon Lake Charles and could just walk away and the share price will go up.”
David Shapiro from Sasfin Securities and Wayne McCurrie from FNB Wealth & Investments talk to Business Day TV
Support our award-winning journalism. The Premium package (digital only) is R30 for the first month and thereafter you pay R129 p/m now ad-free for all subscribers.
Stock Watch
WATCH: Stock Picks — Estée Lauder and Sasol
David Shapiro from Sasfin Securities and Wayne McCurrie from FNB Wealth & Investments talk to Business Day TV
David Shapiro from Sasfin Securities chose Estée Lauder as his stock pick of the day and Wayne McCurrie from FNB Wealth & Investments chose Sasol.
Shapiro said: “I’ve been looking at luxury goods and luxury companies as well and Estée Lauder came out with numbers which were staggering.”
McCurrie said: “Sasol’s current situation feels a lot like 2014 and 2015. Money has seriously been wasted on Lake Charles but the question is: is that in the share price? Sasol can literally abandon Lake Charles and could just walk away and the share price will go up.”
David Shapiro from Sasfin Securities and Wayne McCurrie from FNB Wealth & Investments talk to Business Day TV
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