Market Wrap - Stock Pick -The Spar Group
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Imtiaz Suliman from Sentio Capital chose The Spar Group as his stock pick of the day
"Although it is in the retail sector and we are in a tough environment, Spar is a very nimble operator in this environment they have the benefit of the franchisees driving that model very hard because that is their bread and butter and spar is basically just a distributor into these franchisees. The group also has the benefit of their off-shore operations in Ireland and Switzerland. Ireland is benefiting from a very strong economy and they are growing much faster than emerging markets. Switzerland is a self-help recovery and their margins should get better from here"
"Although it is in the retail sector and we are in a tough environment, Spar is a very nimble operator in this environment they have the benefit of the franchisees driving that model very hard because that is their bread and butter and spar is basically just a distributor into these franchisees. The group also has the benefit of their off-shore operations in Ireland and Switzerland. Ireland is benefiting from a very strong economy and they are growing much faster than emerging markets. Switzerland is a self-help recovery and their margins should get better from here"
