Karl Gevers from Benguela Global Fund Managers and Alex Duys from Umthombo Wealth talk to Business Day TV
27 July 2021 - 08:49
byBusiness Day TV
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Gevers said: “I’ll pick Aspen, the capacity utilisation is one of the big stories for Aspen. Returns have declined with acquisitions but from current levels I believe that returns can increase and this vaccine story is already one area where they can fill that capacity that they have.”
Duys said: “I was quite encouraged by Anglo American Platinum’s results today, obviously it was expected to be good but specifically the special dividend that was announced and money being returned back to shareholders is the key theme. If you still want to play in the PGM [platinum group metal] space, you can also consider Impala Platinum; its capex profile is not onerous.”
Karl Gevers from Benguela Global Fund Managers and Alex Duys from Umthombo Wealth 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 — Aspen and Impala Platinum
Karl Gevers from Benguela Global Fund Managers and Alex Duys from Umthombo Wealth talk to Business Day TV
Karl Gevers from Benguela Global Fund Managers chose Aspen as his stock pick of the day and Alex Duys from Umthombo Wealth chose Impala Platinum.
Gevers said: “I’ll pick Aspen, the capacity utilisation is one of the big stories for Aspen. Returns have declined with acquisitions but from current levels I believe that returns can increase and this vaccine story is already one area where they can fill that capacity that they have.”
Duys said: “I was quite encouraged by Anglo American Platinum’s results today, obviously it was expected to be good but specifically the special dividend that was announced and money being returned back to shareholders is the key theme. If you still want to play in the PGM [platinum group metal] space, you can also consider Impala Platinum; its capex profile is not onerous.”
Karl Gevers from Benguela Global Fund Managers and Alex Duys from Umthombo Wealth talk to Business Day TV
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