Market Wrap - Stock pick — Sibanye-Stillwater
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Caroline Cremen from Adviceworx chose Sibanye-Stillwater as her stock pick of the day.
I'm going for Sabanya-Stillwater, this is the old Sabanya Gold, it is no longer just a gold company,it is a platinum, gold and other metals company. It is has mines in the US, South Africa and Latin America and they have done a lot of restructuring lately. They've paid down some of their debt and of course commodity prices rising so they're in a very cash flush position. Their results are coming out, I think it's on the 18th of February and Mr. Froneman has said that he would like a 7% dividend yield and, there is speculation that there might even be a special dividend.
I'm going for Sabanya-Stillwater, this is the old Sabanya Gold, it is no longer just a gold company,it is a platinum, gold and other metals company. It is has mines in the US, South Africa and Latin America and they have done a lot of restructuring lately. They've paid down some of their debt and of course commodity prices rising so they're in a very cash flush position. Their results are coming out, I think it's on the 18th of February and Mr. Froneman has said that he would like a 7% dividend yield and, there is speculation that there might even be a special dividend.
