Stock Watch
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
Chantal Marx from FNB Wealth & Investments chose Shoprite (https://studio.youtube.com/video/QvsJaVtnnqw/edit?o=U) as her stock pick of the day and Jean Pierre Verster from Protea Capital Management chose Auto Trader UK (https://youtu.be/QvsJaVtnnqw?t=73).
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.” ..
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