Stock Watch - Stock Picks — Coronation, Lewis and Mondi

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Gerbrand Smit from NeFG Fund Management chose Coronation as his stock pick of the day, Sekgabo Molelekoa from Umthombo Wealth chose Lewis and Nesab Nair from Sasfin Securiets chose Mondi.

Smit Said: "I'm going for Coronation Fund Managers, it's something that no-one else wants to own at the moment as the market has been struggling and the All-Share is the lowest it's been in many years. Coronation is geared towards the equities markets so if they should see a pick up in equities markets they should see some performance fees filtering through."

Molelekoa said: "My stock pick would be Lewis, since the UFO acquisition the company has structurally changed and they are aiming to have less that 60% of their sales in credit so they have moved up in the LSM chain. They have no debt at the moment and their ROIs have really been sweet."

Nair said: "I'm going with Mondi, if you look at a chart of Mondi over the last two years it is sort of between the R290 to R400 per share level. The results normally don't disappoint, they pay a special dividend from time to time so you do get paid for holding the share and I think if you apply the strategy of accumulating at these levels and maybe if it levels up at the R400 level it is a way of generating a return."
13 Jun 2019 2AM English South Africa Business · Investing

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