Boardroom Talk – Kokkie and Sean agree that European banks are the place to be buying right now

By Alec Hogg

When we met in Cape Town on Friday (click here for the interview), UK-based value manager Sean Peche took some trouble to explain why European banks have been unfairly tarred with a dirty American brush. Peche says he's buying the Europeans but keeps avoiding the US financials like the plague.

His one-time colleague Kokkie Kooyman weighed in with similar sentiments yesterday when dropping clients a note headed "How safe is Deutsche Bank". But, like Sean of Ranmore, the Denker Capital guy is comfortable that Credit Suisse was an outlier and that the selloff in the shares of European banks makes them an even more attractive buying opportunity.

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