From the Dealing Desk 08-24-17

24 August 2017 | Sharenet
 


Traders View:

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(REI:JSE)

Reinet, the investment holding company of the Rupert’s, have been taking a beating since the FDA announced plans to curb tobacco use in the United States by reducing nicotine in cigarettes to non-addictive levels and also assess the roles on menthol cigarettes to attract young smokers. The discount to the company’s net asset value is currently around 34%, while the average discount to net asset value is around 30%.

I believe it is a good opportunity to add Reinet to your portfolio.

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credit: Graph Provided by Sharenet Advanced Online Charts

Trade REI From 0.3%

What to watch:

Woolworths FY2017

Massmart FY2017

Blue Label FY2017

UK GDP

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daniel

Daniel Nel
Analyst and Securities Trader 

Daniel is a full-time analyst and securities trader, and is responsible for equities research across industries. Although he grew up in a small town in the Klein Karoo, Daniel has always been interested in both locally and internationally traded companies. Daniel has been actively investing and trading on the JSE and other global exchanges since starting his Bcom Investments Degree at the University of Stellenbosch, which he completed in 2014 . During his studies, Daniel worked as an intern at Kruger International in Johannesburg in 2015, gaining valuable experience from Hein and Mia Kruger. He is currently a CFA candidate.


Disclaimer:
The information contained in this article is for informational purposes only and must not be regarded as a prospectus for any security, financial product or transaction. It is neither to be construed as financial advice nor to be regarded as a definitive analysis of any financial issue. Investors should consider this research/article as only a single factor in making their investment decision. We recommend you consult a financial planner/advisor to take into account your particular investment objectives, financial situation and individual needs. The views and opinions (where expressed) in this article are those of the author and do not necessarily reflect the official policy or position of Sharenet.

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