Stock Watch - Stock Pick - Old Mutual
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Rowan Williams from Nitrogen Fund Managers chose Old Mutual Limited as his stock pick of the day
"I'm still going to stick with Old Mutual, it is focussed on the South African economy but again from a valuation perspective we still have it on a single digit PE's and Multiples in terms of embedded value and if you look inside their banking operation it is doing incredibly well with over a million transactioning accounts. If we do see a positive outcome in terms of the elections, some of these stocks could rally quite hard"
"I'm still going to stick with Old Mutual, it is focussed on the South African economy but again from a valuation perspective we still have it on a single digit PE's and Multiples in terms of embedded value and if you look inside their banking operation it is doing incredibly well with over a million transactioning accounts. If we do see a positive outcome in terms of the elections, some of these stocks could rally quite hard"
