Market Wrap- Stock Pick - Rand Merchant Investment Holdings

Graeme Franck from PSG Wealth Sandton chose Rand Merchant Inv Hldgs Ltd as his stock pick of the day, the shares are down 27% over the last 12 months trading on a PE of around 11 times and this is a theme that we are seeing in many SA Inc. type stocks. Cheap for a reason, concerns with the budget on the 20th and in terms of GDP growth but certainly a well managed company.