Stock Watch
WATCH: Stock Pick — Ferguson and AECI
Jean Pierre Verster from Protea Capital Management chose Ferguson as his stock pick of the day and Gerbrand Smit from NEFG Fund Managers chose AECI
09 October 2019 - 08:54
Jean Pierre Verster from Protea Capital Management chose Ferguson Plc as his stock pick of the day and Gerbrand Smit from NEFG Fund Managers chose AECI.
Verster said: “I'm going with a company listed in London called Ferguson — it’s a plumbing and HVAC (heating, ventilation and air-conditioning) company. Even though it is listed in London and you would think that they are exposed to the risks of Brexit, most of their profits are made from North America, so much so that they have now announced that they will unbundle their UK operations — Wolseley, which is very small in the context of the company...
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