Graeme Franck from PSG Wealth Sandton Grayston talks to Business Day TV about his stock pick of the day
18 May 2021 - 10:11
byBusiness Day TV
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"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.
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 — 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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