WATCH: Stock pick — Reinet
Waldo du Plessis from Nitrogen Fund Managers talks to Business Day TV about his stock pick of the day
Waldo du Plessis from Nitrogen Fund Managers chose Reinet as his stock pick of the day.
“I’ve gone with Reinet, which is a traditional holding company. They have a big investment in British American Tobacco and then a UK insurer called Pension Corporation. The reason I’m going for Reinet is because it’s trading at a really wide discount against historical levels at 42%.”
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