Market Wrap - Stock pick — Motus
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Imtiaz Suliman from Sentio Capital chose Motus as his stock pick of the day.
"I'm going with Motus, it has been quite significantly affected through the lockdown as vehicle sales basically came to a standstill in April. There was some recovery in May but I think if you look at the balance sheet they are still within the debt covenants. They do have some annuity type businesses in their aftermarket spots which is quite defensive and as things open up and consumers slowly start getting back to the previous levels in of making purchases the motor industry will also benefits from that. "
"I'm going with Motus, it has been quite significantly affected through the lockdown as vehicle sales basically came to a standstill in April. There was some recovery in May but I think if you look at the balance sheet they are still within the debt covenants. They do have some annuity type businesses in their aftermarket spots which is quite defensive and as things open up and consumers slowly start getting back to the previous levels in of making purchases the motor industry will also benefits from that. "
