Stock pick — RMH
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Steven Schultz from Momentum chose RMH as his stock pick of the day.
"My stock pick this evening is RMH properties, it is a counter that this week took quite a significant dive in price, following a special dividend yesterday of 80 cents. It is a REIT but but unlike many REITS in in SA it operates with a slightly different model whereby they align themselves with the best to be property developers and then monetize those properties as and when they deem it having reached fair value."
"My stock pick this evening is RMH properties, it is a counter that this week took quite a significant dive in price, following a special dividend yesterday of 80 cents. It is a REIT but but unlike many REITS in in SA it operates with a slightly different model whereby they align themselves with the best to be property developers and then monetize those properties as and when they deem it having reached fair value."