Stock Watch
WATCH: Stock picks — ARC and Standard Bank
Graeme Körner from Körner Perspective and Gerbrand Smit from N-e-F-G Fund Managers talk to Business Day TV
19 March 2021 - 08:54
Graeme Körner from Körner Perspective (https://youtu.be/Pk-6hpSPfLI) chose African Rainbow Capital Investments (ARC) as his stock pick of the day and Gerbrand Smit from N-e-F-G Fund Managers (https://youtu.be/Pk-6hpSPfLI) chose Standard Bank.
Körner said: “African Rainbow Capital released its results today obviously they did a rights issue a while ago and a lot of people are critical of the valuations of Rain and TymeBank. TymeBank now has 2.7-million customers, Rain is doing well, so with a 50% discount to NAV [net asset value], I really like that financial services portfolio.”..
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