RMH and Transaction Capital
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Chantal Marx from FNB Wealth & Investments chose RMH as her stock pick of the day and Neelash Hansjee from Old Mutual Investments chose Transaction Capital.
Marx said: "At a whopping R1,90 my stock pick is Rand Merchant Holdings, it used to have a big stake in FirstRand which they unbundled about a year or so ago and now all they have left is some property and a little bit of cash. Initial they were looking to grow that property portfolio or invest into it, but they have since changed their tune and I think they are progressively winding up that business."
Hansjee said: "My stock pick is Transaction Capital, it's literally a company that is driving SA forward and is basically a play on community and mobility in South Africa. They purchased We Buy Cars in September last year as you saw car purchases recovering, so the timing was just incredible."
Marx said: "At a whopping R1,90 my stock pick is Rand Merchant Holdings, it used to have a big stake in FirstRand which they unbundled about a year or so ago and now all they have left is some property and a little bit of cash. Initial they were looking to grow that property portfolio or invest into it, but they have since changed their tune and I think they are progressively winding up that business."
Hansjee said: "My stock pick is Transaction Capital, it's literally a company that is driving SA forward and is basically a play on community and mobility in South Africa. They purchased We Buy Cars in September last year as you saw car purchases recovering, so the timing was just incredible."