Graeme Franck from PSG Wealth Sandton Grayston talks to Business Day TV about his stock pick of the day
01 December 2020 - 07:50
byBusiness Day TV
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“I’m going to go for a Ninety One, it’s a really well diversified business, 60% of earnings come from offshore, the other 40% from SA. I think more importantly ... if you divide its market capital asset under management, which is a broad measure for these type of companies, it’s trading at 1.2%-1.3%, whereas most European peers are taking between 1.9% and 2%.”
Graeme Franck from PSG Wealth Sandton Grayston talks to Business Day TV about his stock pick of the day
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.
Market Analysis
WATCH: Stock pick — Ninety One
Graeme Franck from PSG Wealth Sandton Grayston talks to Business Day TV about his stock pick of the day
Graeme Franck from PSG Wealth Sandton Grayston chose Ninety One as his stock pick of the day.
“I’m going to go for a Ninety One, it’s a really well diversified business, 60% of earnings come from offshore, the other 40% from SA. I think more importantly ... if you divide its market capital asset under management, which is a broad measure for these type of companies, it’s trading at 1.2%-1.3%, whereas most European peers are taking between 1.9% and 2%.”
Graeme Franck from PSG Wealth Sandton Grayston talks to Business Day TV about his stock pick of the day
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