Stock Watch

Stock Watch - Stock picks — Redefine and Aspen


Listen Later

Waldo du Plessis from Nitrogen Fund Mangaers chose Redefine Properties as his stock pick of the day and Petri Redelinghuys from Herenya Capital chose Aspen Pharmarcare.
du Plessis said: "I'm going with Redefine, a little bit controversial, the listed property has fallen, it is hugely out of favour and rightly so, it is very linked with the South African economy and to the cost of finance and the operational side of the business on leases and occupancy. The reason why I am going with them is because it is a Top40 stock that has really come off. They are selling off assets to shore up the balance sheets. They are distributing 100% of the income which I think is a prudent move and then it starts to yield 15%, and for a Top40 stock that could be really attractive."
Redelinghuis said:"In November we had a long on Aspen and then we managed to get it into a resistance level of around R122 and we are knocking on that door for the third time now so I'm going long Aspen once more. For a couple of reasons, it has been a relative out performer and it has been since mid September last year, from a momentum perspective it is starting to seem like it could pick up right, so the idea would be to trade for the gap close since it left a huge gap in March last year and if we can manage to get up and above R125 I think we have got a relatively nice good risk reward situation to look for R137,50"
...more
View all episodesView all episodes
Download on the App Store

Stock WatchBy Business Day TV

  • 2
  • 2
  • 2
  • 2
  • 2

2

1 ratings


More shows like Stock Watch

View all
The Joe Rogan Experience by Joe Rogan

The Joe Rogan Experience

229,674 Listeners

Global News Podcast by BBC World Service

Global News Podcast

7,913 Listeners

Motley Fool Hidden Gems Investing by The Motley Fool

Motley Fool Hidden Gems Investing

3,228 Listeners

WorldWide Markets with Simon Brown by JustOneLap.com

WorldWide Markets with Simon Brown

20 Listeners

The Money Show by Radio 702

The Money Show

34 Listeners

The Daily by The New York Times

The Daily

113,121 Listeners

The Diary Of A CEO with Steven Bartlett by DOAC

The Diary Of A CEO with Steven Bartlett

8,876 Listeners

The Gareth Cliff Show by The Gareth Cliff Show

The Gareth Cliff Show

70 Listeners

BizNews Radio by BizNews

BizNews Radio

16 Listeners

MoneywebNOW by Moneyweb Radio

MoneywebNOW

10 Listeners

Stock Market Today With IBD by Investor's Business Daily

Stock Market Today With IBD

53 Listeners