Stock Watch - Stock picks — PSG Group
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Mark du Toit from Oyster Catcher Investments and Chantal Marx from FNB Wealth & Investments both chose PSG Group as their stock picks of the day.
du Toit said: "We like the businesses that are housed within PSG. It's trading at a 40% discount to its some of the parts, a more fairer discount would be at the 25 level so I think short term you can get a nice view rating. If you want exposure to SA I think the PSG team will allocate capital in an efficient manner and I think that you will get a nice return on your holding.
Marx said: "My view is a little bit more short-term, I definitely think that the discount has gone way too far. The businesses within the PSG stable have actually weathered this Covid-19 storm quite well, I mean Stadioand Curro came out with pretty decent results and if you are still able to grow your underlying earnings when the world is is basically coming to an, I think that really shows the the metal of of those companies."
du Toit said: "We like the businesses that are housed within PSG. It's trading at a 40% discount to its some of the parts, a more fairer discount would be at the 25 level so I think short term you can get a nice view rating. If you want exposure to SA I think the PSG team will allocate capital in an efficient manner and I think that you will get a nice return on your holding.
Marx said: "My view is a little bit more short-term, I definitely think that the discount has gone way too far. The businesses within the PSG stable have actually weathered this Covid-19 storm quite well, I mean Stadioand Curro came out with pretty decent results and if you are still able to grow your underlying earnings when the world is is basically coming to an, I think that really shows the the metal of of those companies."