Market Wrap- Stock Pick - Rand Merchant Inv Hldgs

Rowan Williams from Nitrogen Fund Managers chose Rand Merchant Inv Hldgs Ltd (RMI) as they will be going through a reporting cycle now. Discovery, MMI, Outsurance and Hastings are their key assets and feel that the stock has been a little bit oversold. There is still some good growth in their markets and are hoping for a decent set of numbers and a bit of a rerating there.