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Views Article – Sharenet Wealth

Share Picks, South Africa

From the Dealing Desk 08-24-17

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.


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