Favourite “shorts” – Abil, Coronation and Capitec top the list – Daily Newsletter

Hi there,

The annual Met CI conference is a favourite assignment, bringing together some of the country's top money managers. As these investment owners are entrepreneurs, there's a common interest that goes beyond stocks and bonds.

In a break from the normal routine I asked each of the 13 money managers to pick a "short" – the share they believe is trading most above intrinsic value. The two most popular "shorts" were Coronation Fund Managers and Abil. Well worth paying attention – if anyone knows what an asset management firm is worth it's an asset manager; and for a number of them, embattled Abil's price still has some falling to do.

It was interesting to hear a couple of the managers diss Capitec while another went Curro – Jannie Mouton won't be pleased – while Truworths, Goldfields Limited, Assore and heavyweights Naspers and Richemont were others to be selected as "shorts". If you own any of these shares, be sure you've done your homework. The fund managers have, so you're betting against some of the smartest in the money management game.

Best,
Alec

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