WATCH: Stock picks — AngloGold Ashanti and Mediclinic
Nick Kunze from Sanlam Private Wealth and Gerbrand Smit from N-e-F-G Fund Managers talk to Business Day TV
13 July 2021 - 08:43
byBusiness Day TV
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Kunze said: “We’re looking at AngloGold Ashanti, I have mentioned it once or twice before, it’s a difficult stock pickers’ market out there, but for us it’s cheap, it’s a single-digit PE [price-earnings ratio], it’s almost at its 52-week low, it’s down 70% year to date.”
Smit said: “I’m going with Mediclinic, I picked it last week as well, but just once again to reiterate, the vaccine [programme] in Switzerland is far better than ... here, the Middle East as well. So they’re sitting with basically about 60% of their businesses in First World countries, so it’s a bit of a rand hedge from where the currencies are at the moment.”
Nick Kunze from Sanlam Private Wealth and Gerbrand Smit from N-e-F-G Fund Managers 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 — AngloGold Ashanti and Mediclinic
Nick Kunze from Sanlam Private Wealth and Gerbrand Smit from N-e-F-G Fund Managers talk to Business Day TV
Nick Kunze from Sanlam Private Wealth chose AngloGold Ashanti as his stock pick of the day and Gerbrand Smit from N-e-F-G Fund Managers chose Mediclinic.
Kunze said: “We’re looking at AngloGold Ashanti, I have mentioned it once or twice before, it’s a difficult stock pickers’ market out there, but for us it’s cheap, it’s a single-digit PE [price-earnings ratio], it’s almost at its 52-week low, it’s down 70% year to date.”
Smit said: “I’m going with Mediclinic, I picked it last week as well, but just once again to reiterate, the vaccine [programme] in Switzerland is far better than ... here, the Middle East as well. So they’re sitting with basically about 60% of their businesses in First World countries, so it’s a bit of a rand hedge from where the currencies are at the moment.”
Nick Kunze from Sanlam Private Wealth and Gerbrand Smit from N-e-F-G Fund Managers talk to Business Day TV
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