WATCH: Stock picks — Sanlam and Metrofile
Nesan Nair from Sasfin Securities and Simon Brown from Just One Lap talk to Business Day TV
Nesan Nair from Sasfin Securities chose Sanlam as his stock pick of the day and Simon Brown from Just One Lap chose Metrofile.
Nair said: “I’m going with Sanlam, it’s one of those companies that have been sold down, just on negative sentiment. This is a quality business, have a look at their operational update from a few weeks ago, they are growing strongly, double the rate of inflation on volumes.”
Brown said: “Metrofile, I own it and there is a simple play, they announced a potential takeover in October and yesterday it came out at R330 and we’ll still potentially get a dividend for December.”
Or listen to the full audio: