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'There's rich picking in some of the small caps' - David Shapiro

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Expert market analyst David Shapiro joined the BizNews Power Hour for yet another insightful discussion on Mr Market’s latest movements. Most prominently discussed was Anglo American and BHP Billiton’s sale of its Colombian thermal coal assets to Ivan Glasenberg’s Glencore for R8.3bn, which Shapiro believes makes all three companies look attractive. Also on the line was veteran mining analyst Peter Major. Both experts gave Glencore’s purchase the thumbs up. Shapiro, a ‘commodity optimist’, believes that those companies that ‘sell a machine that makes a noise or needs big tires’ are those that are going to benefit and is particularly impressed by Afrimat, Raubex and Invicta - to name a few. Learn more about your ad choices. Visit megaphone.fm/adchoices
28 Jun 2021 11AM English South Africa Investing · Business News

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