Stock picks — Evolution Gaming and BAT
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Jean Pierre Verster from Protea Capital Management chose Evolution Gaming as his stock pick of the day and Gerbrand Smit from N-e-F-G Fund Managers chose British American Tobacco.
Verster said: " I'm looking at an offshore company again called evolution gaming it is listed in Sweden but operations actually mostly on the island of Malta and they are a leading provider of interactive gambling solutions so these days instead of going to the casino people are spinning their roulette wheel or playing cards via their phones or vitamer computer or even at a kiosk but it's all via the internet linked by a big screens to a company like Evolution Gaming, which is in a very good tax jurisdiction for these types of operations and they now have more than 200 casino operators around the world."
Smit said: "I'm going for British American Tobacco, I just think it's certainly very cheap I think new generation products as as Jean Pierre alluded to has higher margin than what the sticks have so, over time it will probably bode well for them."
Verster said: " I'm looking at an offshore company again called evolution gaming it is listed in Sweden but operations actually mostly on the island of Malta and they are a leading provider of interactive gambling solutions so these days instead of going to the casino people are spinning their roulette wheel or playing cards via their phones or vitamer computer or even at a kiosk but it's all via the internet linked by a big screens to a company like Evolution Gaming, which is in a very good tax jurisdiction for these types of operations and they now have more than 200 casino operators around the world."
Smit said: "I'm going for British American Tobacco, I just think it's certainly very cheap I think new generation products as as Jean Pierre alluded to has higher margin than what the sticks have so, over time it will probably bode well for them."