Rowan Williams from Nitrogen Fund Managers and Chantal Marx from FNB Wealth & Investments talk to Business Day TV
23 October 2020 - 10:48
byBusiness Day TV
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Williams said: “Our stock pick is Reinet, which will also fit largely into the value bucket. Their two main assets are British American Tobacco, which has been defensive and long term people’s habits are changing, but that remains cheap; and PensCorp, which looks a bit more exciting in terms of reinsurance of pension liabilities in the UK market.”
Marx said: “My stock pick is Bidcorp, it’s come under a lot of pressure over the last few weeks with the resumption in virus cases or a pickup in virus cases in the UK and in Europe, which is where its food service business is primarily based.”
Rowan Williams from Nitrogen Fund Managers and Chantal Marx from FNB Wealth & Investments talk to Business Day TV
Support our award-winning journalism. The Premium package (digital only) is R30 for the first month and thereafter you pay R129 p/m now ad-free for all subscribers.
Stock Watch
WATCH: Stock picks — Reinet and Bidcorp
Rowan Williams from Nitrogen Fund Managers and Chantal Marx from FNB Wealth & Investments talk to Business Day TV
Rowan Williams from Nitrogen Fund Managers chose Reinet as his stock pick of the day and Chantal Marx from FNB Wealth & Investments chose Bidcorp.
Williams said: “Our stock pick is Reinet, which will also fit largely into the value bucket. Their two main assets are British American Tobacco, which has been defensive and long term people’s habits are changing, but that remains cheap; and PensCorp, which looks a bit more exciting in terms of reinsurance of pension liabilities in the UK market.”
Marx said: “My stock pick is Bidcorp, it’s come under a lot of pressure over the last few weeks with the resumption in virus cases or a pickup in virus cases in the UK and in Europe, which is where its food service business is primarily based.”
Rowan Williams from Nitrogen Fund Managers and Chantal Marx from FNB Wealth & Investments talk to Business Day TV
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