Traders Analysts giving you the low-down
FUND MANAGERS GIVE YOU THE LOW-DOWN
Stockbrokerage Imara SP Reid is bullish on the outlook for this JSE-listed diversified industrial conglomerate. Analyst Warwick Lucas told clients: “Bidvest’s interim trading statement (released 4 February) advised that interims to 31 Dec will see HEPS [headline earnings per share] up 15%17% higher than 1HFY13’s 725c while earnings per share will be 17-19% higher. This certainly exceeded the annualised expected rate of growth on I-Net consensus, and no doubt was boosted by rand weakness but given the current state of the rand, there’s no reason it shouldn’t work through H2. This solid result was however wasted on a testy market wrapped in the latest emerging
market (non-) crisis and sees Bidvest at a level where it definitely offers value. Results will be published on about 27 February. You can buy ahead of that.” VISUAL INTERNATIONAL
FNB Securities says t hat investors may want to consider this new property listing coming to the AltX shortly. According to FNB Securities, the company, which is based in Cape Town, is focused on developing entire suburbs for the middle-income market (houses, apartments, retirement villages, schools, offices, retail space, recreation facilities etc.). Visual retains a one-third interest in its developments and has a zero vacancy rating at the moment.
Peter Garnry, head of equities at Saxo Bank, says that he believes that airline stocks in Europe are fundamentally undervalued. He advised clients that Lufthansa and Air France are the two of the weakest airlines in terms of their capital base. However, he believes that all the public European airlines are undervalued on fundamentals so he is positive on the whole sector.