Graeme Körner from Körner Perspective chose Sasol as his stock pick of the day, while Gerbrand Smit from NEFG Fund Managers chose MMI Holdings. Körner said, taking a rolling two-year view, Sasol was a good choice, and there was also “nice optionality” within the company. “If oil can hold at $60 a barrel and the rand can continue to hover around R12/$, there will be huge returns if and when the Lake Charles Chemicals Project (LCCP) in Louisiana comes online,” he said. Smit said it was difficult to get a margin of safety within the stock market. On an embedded value basis — the way insurance holders should be valued, he said — MMI was the cheapest on a discount of 25%. OR LISTEN TO THE FULL SHOW: Listen to all latest podcasts here.
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