FM PUTS ITS STOCK ON THE BLOCK
Five shares to buy in a world of junk
These are the stocks we think should be in your portfolio to ride out the junk roller coaster
Remgro This stalwart investment company — headed by the unwilling poster boy for white minority capital, Johann Rupert — offers a diversified portfolio that spans health care, financial services, food and beverages, logistics, technology and venture capital. Analysts point out that Remgro not only offers a compelling discount on the portfolio’s intrinsic value, but the assets have also been marked down. This includes private hospitals group Mediclinic International, banking group FirstRand, food conglomerate RCL Foods and liquor group Distell. Investors get access to a top-rated, if conservative, management team, a decent smattering of offshore earnings and a strong balance sheet. n a p:e ratio of 16 and dividend yield of 2.1%, it’s looking pretty good value. Alternative: HCIPeregrine Mergence Investment Managers’ Brad Preston says this financial services company is worth a closer look. “Peregrine has sold off recently, based on their announcement that while their underlying operati...
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