Market Wrap - Stock Pick — Northam Platinum
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Liston Meintjies from Nvest Securities chose Northam Platinum Limited as his stock pick of the day.
"I like to buy companies that have a tailwind rather than a headwind, if you talk to me about retailers I would do some shopping. So what has a tailwind? The answer to me are the platinum shares. And it's not platinum, if you look at the platinum price it's well down on two years ago. However, the palladium price has practically doubled over the same period and it is now bigger in the platinum basket than platinum itself. So within that I choose Northam Platinum."
"I like to buy companies that have a tailwind rather than a headwind, if you talk to me about retailers I would do some shopping. So what has a tailwind? The answer to me are the platinum shares. And it's not platinum, if you look at the platinum price it's well down on two years ago. However, the palladium price has practically doubled over the same period and it is now bigger in the platinum basket than platinum itself. So within that I choose Northam Platinum."
