Stock picks and performance 14 May
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Join Gary Booysen from Rand Swiss and Giulietta Talevi as they take an in-depth look at the day's market activity and answer some of your stock related questions.
Gary Booysen chose Datatec as his stock pick of the day, his pick is purely based on an article written by Keith McLachlan from SmallCaps.co.za. The recent Datatec trading update that came out on the 10th of May was very negative after they sold off a portion of Westcon and paid a special dividend but there is also a feeling that Datatec is kitchen sinking their results - carrying the costs while the sales go through which puts pressure on their numbers and lowering the share price, and that's according to McLachlan's article said Booysen. Buying Datatec shares ahead of what could potentially be a potentially big share buy back at R20.
Gary Booysen chose Datatec as his stock pick of the day, his pick is purely based on an article written by Keith McLachlan from SmallCaps.co.za. The recent Datatec trading update that came out on the 10th of May was very negative after they sold off a portion of Westcon and paid a special dividend but there is also a feeling that Datatec is kitchen sinking their results - carrying the costs while the sales go through which puts pressure on their numbers and lowering the share price, and that's according to McLachlan's article said Booysen. Buying Datatec shares ahead of what could potentially be a potentially big share buy back at R20.