Finweek English Edition - - INVESTMENT -

Thebe Stock­broking small-caps an­a­lyst Keith McLach­lan says that while this in­dus­trial com­pany does look in­ter­est­ing, he would be wary of buy­ing into the hype too early, es­pe­cially as it tries to bed down the pro­posed TGS ac­qui­si­tion. He ad­vised: “I like Torre’s strat­egy of aim­ing to build an­other In­victa-styled busi­ness and this ac­qui­si­tion is a good step on the road to this. But, this is ex­cep­tion­ally early days and I want to see a year or two’s de­liv­ery be­fore I judge them as a success or not. Only pun­ters and cow­boys I think would be jump­ing into its stock right now...”

Newspapers in English

Newspapers from South Africa

© PressReader. All rights reserved.