WATCH: Stock picks — Shoprite and Auto Trader
Chantal Marx from FNB Wealth & Investments and Jean Pierre Verster from Protea Capital Management talk to Business Day TV
Marx said: “A stock that released a very good trading update yesterday, Shoprite. This is a company where the share price has been looking for a catalyst for a while, there is no reason for the share price languishing at the R100 level. I think the real catalyst for Shoprite now is the divestment from the Nigerian business which has been an absolute cash drain for them.”
Verster said: “I’m going with a London-listed company called Auto Trader, a website where you can buy and sell cars. Similar to the SA one and not to confuse anyone, the SA website is owned by Naspers where as the UK-listed one is owned by a separately listed company called Auto Trader.”
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