Stock Watch - Stock Pick - Schisted ser.A
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Jean Pierre Verster from Fairtree Capital chose Schibsted ser. A (SCHA:OSS) as his stock pick of the day.
"I chose this stock roughly a year ago, the company is listed in Norway and is similar to Naspers because it has an online classifieds business and a traditional media business. They are going to split the companies in two on the 1st of April. They are splitting the e-classifieds into a separate holding company and maintain the traditional print media in the Schibsted group. This means that you have a choice to invest in one or the other and I am quite excited specifically about the e-commerce business and I think that the split could unlock a lot of value."
"I chose this stock roughly a year ago, the company is listed in Norway and is similar to Naspers because it has an online classifieds business and a traditional media business. They are going to split the companies in two on the 1st of April. They are splitting the e-classifieds into a separate holding company and maintain the traditional print media in the Schibsted group. This means that you have a choice to invest in one or the other and I am quite excited specifically about the e-commerce business and I think that the split could unlock a lot of value."
