Gerbrand Smit from N-e-F-G Fund Managers and Ricus Reeders from PSG Wealth Sandton talk Business Day TV
18 November 2020 - 10:19
byBusiness Day TV
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Smit said: “I’m going to go for Remgro. So, lots of rotation over the last while, we just spoke about the Distell, which is one of the net asset values, underlying some of the part valuations that you have in Remgro. FirstRand, RMI and Mediclinic are all part of Remgro and all of these investments were very cheap and when Remgro did the latest results in July you saw the net asset value at around R51 a share and from that point we certainly had lots of upside in most of the big businesses that they own.”
Reeders said: “My stock is Textainer Group, they are listed both locally and in New York and they’re the biggest shipping container company in the world. If you don’t think shipping but you think packaging, that’s effectively what they do.”
Gerbrand Smit from N-e-F-G Fund Managers and Ricus Reeders from PSG Wealth Sandton talk 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 — Remgro and Textainer Group
Gerbrand Smit from N-e-F-G Fund Managers and Ricus Reeders from PSG Wealth Sandton talk Business Day TV
Gerbrand Smit from N-e-F-G Fund Managers chose Remgro as his stock pick of the day and Ricus Reeders from PSG Wealth Sandton chose Textainer Group.
Smit said: “I’m going to go for Remgro. So, lots of rotation over the last while, we just spoke about the Distell, which is one of the net asset values, underlying some of the part valuations that you have in Remgro. FirstRand, RMI and Mediclinic are all part of Remgro and all of these investments were very cheap and when Remgro did the latest results in July you saw the net asset value at around R51 a share and from that point we certainly had lots of upside in most of the big businesses that they own.”
Reeders said: “My stock is Textainer Group, they are listed both locally and in New York and they’re the biggest shipping container company in the world. If you don’t think shipping but you think packaging, that’s effectively what they do.”
Gerbrand Smit from N-e-F-G Fund Managers and Ricus Reeders from PSG Wealth Sandton talk Business Day TV
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