Market Wrap - Stock pick — Ninety-One
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Graeme Franck from PSG Wealth Sandton Grayston chose Ninety-One as his stock pick of the day.
"My stock is Ninety-One, the old Investec asset management business. It's trading on a price earnings multiple of about 14 times and the interesting thing is that roughly two thirds of the of the profits of the asset under management are offshore and one-third onshore so it's quite a nice mix."
"My stock is Ninety-One, the old Investec asset management business. It's trading on a price earnings multiple of about 14 times and the interesting thing is that roughly two thirds of the of the profits of the asset under management are offshore and one-third onshore so it's quite a nice mix."
