Last week’s roadshow for clients of our business partner Standard Bank Webtrader, focused on the attractions of some JSE-listed stock picks made by our favourite fund managers. All those shares are deep value SA industrials which were added to the BizNews portfolio over the past two months.
My interview with Corion’s Garreth Montano yesterday exposed another lively candidate for inclusion. Montano provided an update on his firm’s Prime Concentrated Equity Fund, which draws on four to six ‘best ideas’ provided to it by four of SA’s top money managers. Among them is Clucas Gray’s Andrew Vintcent, a much admired investor.
In the past month, he disclosed, Vintcent added Kaap Agri to his handful of stock picks. Montano added during the interview that the share price of this Paarl-headquartered specialist retailer (which sells mainly to farmers) has been under pressure primarily as a result of its stock being unbundled by PSG ahead of that group’s delisting.
___STEADY_PAYWALL___Recent SENS reports include one on 13th September which discloses the family trust of PSG founder Jannie Mouton has only held onto its Kaap Agri unbundling allocation, but actually acquired additional shares in the company. The trust’s stake is now just over 7% of Kaap Agri. A holding worth a touch over R200m. Some vote of confidence from the Moutons.
More for you to read today:
- Ukrainians return home by the millions even as war rages on
- China stocks may rally 20% on a full reopening
- Analysts see an to end bearishness on emerging-market currencies
- Following the Fed goes out of fashion in ‘messier’ world economy
- Auction of Paul Allen’s collection will test billionaires’ buying power
- Meta’s meltdown shows how big tech’s invincible era is over
- What if the Wealth Tax backfires?
- Inflation, fear not. Central bankers may be slow, but the job may get done on time.
- Delays and dangers of getting copper out of Africa
- About 50% of SA suckles at the teat of the taxpayer
Innovative Corion Prime Equity unit trust keeps delivering the goods with the fund, and the best ideas of its four external fund managers, comfortably beating their benchmark this year. Corion’s hand-picked money managers remain bullish about South African shares, believing them to have fully discounted all of the bad news enveloping the SA economy right now. In this fascinating interview, Corion’s Garreth Montano also explains why top money manager Andrew Vintcent has added Kaap Agri to his half dozen ‘best ideas’ shares – news sure to trigger deeper investigation by those looking to ride on this highly regarded stock picker’s coattails. Montano spoke to Alec Hogg of BizNews.com.
