Piet Viljoen on undervalued JSE gems Lewis and Sabvest
Counterpoint’s Piet Viljoen talks all local and international topical investment-related matters, with the value fund manager giving insight into some of his most-loved investments. Furniture retailer the Lewis Group and investment holding company Sabvest are discussed; both in the news for all the right reasons. Lewis released a solid set of results, which sent its shares on a tear, as the retailer continues to gain market share among several other tailwinds. Sabvest, led by shrewd capital allocator Chris Seabrooke, announced it would buy back its own shares, a corporate action used to increase shareholder value. Clothing retailer Mr Price is also discussed at length, with all the clothing retailers emerging out of the pandemic stronger amid healthier than expected consumer demand.