Market Wrap - Stock Pick — Consolidated Infrastructure
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Independent Analyst Liston Meintjes chose Consolidated Infrastructure Grp as his stock pick of the day.
"I put a small company forward, it's called Consolidated Infrastructure. They had a terrible time as many people will know they went from R12 per share all the way down to R2 a share. This was all because of a group of bad stories and a case of over borrowing and having to go to the banks and renegotiate it. Nobody knew how they would get out of that but within that they have a couple of companies that actually are operating quite well and one of them has just been granted a $16 million contract with the Swazi government to install solar and that is wonderful news for somebody that has been on the ropes all this time. I'm not saying it's going to light up everything but it does mean that you can get back in the ring and fight."
"I put a small company forward, it's called Consolidated Infrastructure. They had a terrible time as many people will know they went from R12 per share all the way down to R2 a share. This was all because of a group of bad stories and a case of over borrowing and having to go to the banks and renegotiate it. Nobody knew how they would get out of that but within that they have a couple of companies that actually are operating quite well and one of them has just been granted a $16 million contract with the Swazi government to install solar and that is wonderful news for somebody that has been on the ropes all this time. I'm not saying it's going to light up everything but it does mean that you can get back in the ring and fight."
