Stock Watch - Stock Picks — EPE Capital and Richemont

Graeme Körner from Körner Perspective chose EPE Capital Partners as his stock pick of the day and Ricus Reeders from PSG Wealth Sandton chose RichemontKörner said: "I'm gonna go with Ethos Capital (EPE) and I'lltell you why; it gives you something different, if you look at a lot of the investment companies the like of Remgro for example they haven't been great allocators of capital if you have to be honest. These guys (EPE Capital) have got a 30 year track record of delivering IRRs of over 20%."Reeders said: "Also bottom of the barrel stuff but I like it. Richmond for two reasons, the Swiss market is pushing to new highs, Richmond will hopefully go with that crowd. Secondly, considering where we are on the market, sort of slowing global economy it is relatively stable because topping off of the luxury market and I also think unlike the tobacco companies they are selling products which are still aspirational, people want to wear it and be seen to be wearing it."