Stock Watch - Stock picks — City Lodge and Mustek
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Independent Analyst Chris Gilmour chose City Lodge as his stock pick of the day and Alex Duys from Umthombo Wealth chose Mustek.
Gilmour said: "I'm actually going with city lodge believe it or not. It was being priced for failure up until fairly recently and they've survived, they'll be approaching breakeven occupancy in about may or June and I think once that happens I think the market will sit up and take notice."
Duys said: "I'm going for a small cap a Mustek which is an import assembler and distributer of ICT hardware. For those that are not familiar with their last interim update results; they were fantastic, revenue growth was up in excess of 28% and says it as a result of the work from our theme and so obviously they're getting a benefit from that. But I think one key thing to remember is that at a moment there's a global shortage of ICT stock in general; computers, laptops and so forth and Mustek does have quite a lot of inventory at hand at the moment."
Gilmour said: "I'm actually going with city lodge believe it or not. It was being priced for failure up until fairly recently and they've survived, they'll be approaching breakeven occupancy in about may or June and I think once that happens I think the market will sit up and take notice."
Duys said: "I'm going for a small cap a Mustek which is an import assembler and distributer of ICT hardware. For those that are not familiar with their last interim update results; they were fantastic, revenue growth was up in excess of 28% and says it as a result of the work from our theme and so obviously they're getting a benefit from that. But I think one key thing to remember is that at a moment there's a global shortage of ICT stock in general; computers, laptops and so forth and Mustek does have quite a lot of inventory at hand at the moment."
