Franscois Mulock-Houwer from Rezco chose Mondi as his stock pick of the day. He says Mondi is “a nice rand hedge, with good exposure to eastern Europe, which is doing fantastically”. The company recently complained that wage increases were hurting them, but this will eventually lead to spending, which is good for the consumer goods division. “With a possibility of a special dividend and investor remuneration it all leads to a pretty picture,” says Mulock-Houwer. OR LISTEN TO THE FULL SHOW:
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