WATCH: Stock pick — Impala Platinum
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 Impala Platinum as his stock pick of the day.
"I'm going to go for Impala Platinum, the share price has come off quite a bit over the last week or so.… the historic earnings, they’re trading on a PE of about six times and if you put that on to spot commodity prices and spot currencies then it’s around four to five times. So, their cash flows in their balance sheet are just phenomenally strong at the moment and I would expect that to continue along with the rest of the commodity cycle."
Graeme Franck from PSG Wealth Sandton Grayston talks to Business Day TV about his stock pick of the day.
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