Stock Watch
WATCH: Stock picks — Groupe Bruxelles Lambert and Raubex
Rowan Williams from Nitrogen Fund Managers and Alex Duys from Umthombo Wealth talk to Business Day TV
Rowan Williams from Nitrogen Fund Managers (https://youtu.be/F-ZjP8ekJQA) chose Groupe Bruxelles Lambert as his stock pick of the day and Alex Duys from Umthombo Wealth (https://youtu.be/F-ZjP8ekJQA) chose Raubex.
Williams said: “A company called Groupe Bruxelles Lambert (GBL), it’s actually listed in Brussels and it is a family-driven holding company. It has significant stakes in European consumer stocks like Adidas and Pernod Ricard, and then big stakes in LafargeHolcim, which is a cement manufacturer, so it’s quite a diversified group and is trading at a significant discount to NAV [net asset value] of around 35%.”..
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