Market Wrap - Stock Pick — Sibanye Gold
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Nolwandle Mthombeni from Mergence Investment Managers chose Sibanye Gold Limited as his stock pick of the day.
"With the uncertainty I'd rather just stick with Sibanya. I know there's been a lot of running in terms of the PGMs but this corona virus introduced a new uncertainty in the market market and you know every one likes to hide in resources so I'd stick it out with Sibanye for the meantime."
Alishia asked: "You say stick it out, do you delve in as a buyer at current levels given how hard the share prices is right now?"
Mthombeni said: "Yes I will"
"With the uncertainty I'd rather just stick with Sibanya. I know there's been a lot of running in terms of the PGMs but this corona virus introduced a new uncertainty in the market market and you know every one likes to hide in resources so I'd stick it out with Sibanye for the meantime."
Alishia asked: "You say stick it out, do you delve in as a buyer at current levels given how hard the share prices is right now?"
Mthombeni said: "Yes I will"
