Chantal Marx from FNB Wealth & Investments and Neelash Hansjee from Old Mutual Investments talk to Business Day TV
30 April 2021 - 09:44
byBusiness 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.
Marx said: “At a whopping R1.90, my stock pick is Rand Merchant Holdings [RMH], it used to have a big stake in FirstRand, which they unbundled about a year or so ago, and now all they have left is some property and a little bit of cash. Initially, they were looking to grow that property portfolio or invest into it, but they have since changed their tune and I think they are progressively winding up that business.”
Hansjee said: “My stock pick is Transaction Capital, it’s literally a company that is driving SA forward and is basically a play on community and mobility in SA. They purchased WeBuyCars in September last year as you saw car purchases recovering, so the timing was just incredible.”
Chantal Marx from FNB Wealth & Investments and Neelash Hansjee from Old Mutual 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 — RMH and Transaction Capital
Chantal Marx from FNB Wealth & Investments and Neelash Hansjee from Old Mutual Investments talk to Business Day TV
Chantal Marx from FNB Wealth & Investments chose RMH as her stock pick of the day and Neelash Hansjee from Old Mutual Investments chose Transaction Capital.
Marx said: “At a whopping R1.90, my stock pick is Rand Merchant Holdings [RMH], it used to have a big stake in FirstRand, which they unbundled about a year or so ago, and now all they have left is some property and a little bit of cash. Initially, they were looking to grow that property portfolio or invest into it, but they have since changed their tune and I think they are progressively winding up that business.”
Hansjee said: “My stock pick is Transaction Capital, it’s literally a company that is driving SA forward and is basically a play on community and mobility in SA. They purchased WeBuyCars in September last year as you saw car purchases recovering, so the timing was just incredible.”
Chantal Marx from FNB Wealth & Investments and Neelash Hansjee from Old Mutual Investments talk to Business Day TV
RMH hits best level since FirstRand unbundling after R1.1bn special dividend
Remgro and Sabvest’s mission impossible
Prosus bolsters investment in India’s ElasticRun
Pandemic forces investment holding companies to mull selling businesses
Companies in this Story
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Most Read
Published by Arena Holdings and distributed with the Financial Mail on the last Thursday of every month except December and January.