Finweek English Edition - - INVESTMENT -

BUY Stock­bro­ker­age Imara SP Reid says it con­tin­ues to like this small­cap bank­ing player fol­low­ing a re­cent trad­ing up­date from the group. The trad­ing up­date in­di­cated that the var­i­ous busi­ness seg­ments had all showed steady or­ganic growth through the eco­nomic cri­sis. Head of re­search Steve Mein­t­jes told clients: “From the seg­men­tal com­ment it is clear that the in­vest­ment in ad­di­tional re­sources in re­cent years has gone well and that all the ma­jor di­vi­sions are poised for con­tin­ued strong and sus­tain­able growth, which can only be en­hanced in the event of any up­turn in eco­nomic growth. The in­com­ing chair­man, Roy An­der­son, will also be able to add value in the light of his multi-year pere­gri­na­tions at top level in the fi­nan­cial and other sec­tors. ‘Buy’ rec­om­men­da­tion main­tained.”

SELL ment is ex­pected to per­sist and we will there­fore not be get­ting in­volved in this sec­tor.”

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