Market Wrap - Stock pick — Multichoice
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Nick Kunze from Sanlam Private Wealth chose Multichoice as his stock pick of the day.
"We took a look at Multichoice, they came out with results last week really and had a good set of numbers. They also paid a dividend which is a rarity in this environment right now. More encouragingly, people who are being concerned about how they would be taking on the streaming players, well they're not taking them on they're joining them and signed quite a unique deal between Amazon Prime and Netflix to jump on their platform and using their content. So, we like Multichoice at current levels."
"We took a look at Multichoice, they came out with results last week really and had a good set of numbers. They also paid a dividend which is a rarity in this environment right now. More encouragingly, people who are being concerned about how they would be taking on the streaming players, well they're not taking them on they're joining them and signed quite a unique deal between Amazon Prime and Netflix to jump on their platform and using their content. So, we like Multichoice at current levels."
