WATCH: Stock picks — Investec and AECI
Nick Kunze from Sanlam Private Wealth and Ricus Reeder from PSG Wealth Sandton talk to Business Day TV
Nick Kunze from Sanlam Private Wealth chose Investec as his stock pick of the day and Ricus Reeder from PSG Wealth Sandton chose AECI.
Kunze said: “Investec is spinning off the asset management arms in the first quarter next year.... Investec is trading under 10 PE with a nice dividend yield.”
Reeder said: “AECI, first of all, technical because they’ve gone to about R108 today so that’s a new 52-week high.”