Stock Watch - Stock Picks - Vodacom and Procter & Gamble
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Gary Booysen from Rand Swiss chose Procter & Gamble Co as his stock pick of the day.
Procter & Gamble is a 180 old company that operates in 180 countries. One of their recent decisions was to narrow their portfolio which has done exceptionally well for them. If you look at their top line growth numbers they improved significantly over the last couple of quarters. They have a great dividend pay as well - it has increased its dividend for 62 years without fail. They are very steady and it comes down to the brands that they sell like Gillette, Oral B and Braun. It's the kind of thing that you see on your supermarket shelf that you can't do without."
Nick Crail from Ashburton Investments chose Vodacom Ltd as his stock pick of the day.
"The newsflow and sentiment is very negative into the sector, company itself and data costs etc. This is more than adequately reflected in the share price at the moment. So, as sentiment continues to be negative this could continue to languish a little bit. However, fundamentally you are looking at a 3 year turnaround, the fundamentals of the company and what they can deliver on, the current price is just too cheap.
Procter & Gamble is a 180 old company that operates in 180 countries. One of their recent decisions was to narrow their portfolio which has done exceptionally well for them. If you look at their top line growth numbers they improved significantly over the last couple of quarters. They have a great dividend pay as well - it has increased its dividend for 62 years without fail. They are very steady and it comes down to the brands that they sell like Gillette, Oral B and Braun. It's the kind of thing that you see on your supermarket shelf that you can't do without."
Nick Crail from Ashburton Investments chose Vodacom Ltd as his stock pick of the day.
"The newsflow and sentiment is very negative into the sector, company itself and data costs etc. This is more than adequately reflected in the share price at the moment. So, as sentiment continues to be negative this could continue to languish a little bit. However, fundamentally you are looking at a 3 year turnaround, the fundamentals of the company and what they can deliver on, the current price is just too cheap.
