Market Wrap - Stock Pick — Anglo American
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Imtiaz Suliman from Sentio Capital chose Anglo American as his stock pick of the day
"It is in the resource sector, it is Anglo American and the exposure is largely through Amplatz and Kumba Iron Ore, the listed side but it's really the unlisted segment and portfolio which is trading at very attractive multiples of two to three times EV Ebitda and you know it's the coal, nickel, manganese, iron ore and I think the market is unveiling that side of the business. As we mentioned earlier the balance sheet is very strong they will be paying down a large part of their debt but also pursuing Peruvian copper and I think in that copper is one of those commodities where there's not an abundance of copper in the world and the few growth opportunities in copper is via Anglo American which is very attractive for me investor perspective.
"It is in the resource sector, it is Anglo American and the exposure is largely through Amplatz and Kumba Iron Ore, the listed side but it's really the unlisted segment and portfolio which is trading at very attractive multiples of two to three times EV Ebitda and you know it's the coal, nickel, manganese, iron ore and I think the market is unveiling that side of the business. As we mentioned earlier the balance sheet is very strong they will be paying down a large part of their debt but also pursuing Peruvian copper and I think in that copper is one of those commodities where there's not an abundance of copper in the world and the few growth opportunities in copper is via Anglo American which is very attractive for me investor perspective.
