Stock pick — cash and City Lodge
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Independent analyst Chris Gilmour chose City Lodge as his stock pick of the day and Nesan Nair from Sasfin Securities chose Cash.
Gilmour said: "I'm going to go with a real plant areal far left field one City Lodge. This thing was priced for failure up until fairly recently and uh you know I think the tourists are starting to come back."
Nair said: "What I'm going to do is I'm going to go with a very sort of short-term tactical play. I think we're going to see a mild correction in markets so I'm going to sit in cash for a while. I do think that we're going to see a little bit of pressure come on there sources stocks next week."
Gilmour said: "I'm going to go with a real plant areal far left field one City Lodge. This thing was priced for failure up until fairly recently and uh you know I think the tourists are starting to come back."
Nair said: "What I'm going to do is I'm going to go with a very sort of short-term tactical play. I think we're going to see a mild correction in markets so I'm going to sit in cash for a while. I do think that we're going to see a little bit of pressure come on there sources stocks next week."
