Stock Watch
WATCH: Stock picks — CMH and Adevinta
Nic Norman Smith from Lentus Asset Management and Jean Pierre Verster from Protea Capital Management talk to Business Day TV
23 October 2019 - 10:54
Nic Norman Smith from Lentus Asset Management chose Combined Motor Holdings (CMH) as his stock pick of the day and Jean Pierre Verster from Protea Capital Management chose Adevinta.
Norman Smith said: “I’m going to go with the Combined Motor Holding (CMH). So they had results out on Tuesday. It’s a local car retailer and although people believe that SA retail is dead and no one’s ever going to buy another car again CMH ... is trading at six times earnings and its earnings actually grew slightly.”..
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