Business Day TV Daily Stock Picks (June 2023)
Antofagasta, Impala Platinum Holdings, Anglo American Platinum, Standard Bank, Nedbank, FirstRand, ABSA, CRESUD, Bidvest, Telkom, Sea Limited, Ping AN, City Lodge, Renergen, Pick N Pay, Mr Price, etc.
Business Day TV is South Africa's most watched business news TV channel who does short (usually 1-3 minutes long) Daily Stock Pick video pitches mostly about South African stock picks (this post won’t cover any USA based ones, but does cover their other non-South African picks).
Stocks featured in their June Daily Stock Pick videos (from newest to oldest) and covered in this post include:
Antofagasta & Implats; Anglo American Platinum; Afrimat; Naspers, Standard Bank and Nedbank; FirstRand; Redefine Properties & Omnia;, Northam Platinum; Stadio Holdings; Merafe Resources; AVI, Libstar and RCL; ABSA & CRESUD S.A.C.I.F. Y A; Sanlam & KAP; Bidvest Group; Zeda Ltd; Telkom; Sea Limited & Ping AN; City Lodge; Astral & Capitec; SA GOVT Bonds; Premier Group; Metrofile; CA Sales and Renergen, Pepkor; Anglo American; Pick N Pay; & Mr Price
As detailed in our May 22nd post, South Africa is more or less facing “state collapse.” However, the private sector and civil society are well positioned to take up the slack and are already doing so (e.g. by going off the grid, taking up government roles like fixing potholes, etc).
Many South African companies (including many of the stocks discussed in this post) have expanded their operations internationally (or have listings abroad - making them more accessible for international investors).
Finally, South African stocks do seem well managed with management teams focused on what matters for the business. They are not engaged in extraneous political or cultural issues/controversies/distractions that many American businesses/brands have themselves deeply mired in.
To make your life easier, this post includes:
A quick description of the stock pick with links to the IR page and stock quote(s) on Yahoo! Finance.
A link to any Wikipedia page (for what it might be worth…)
The title of the Business Day TV Daily Stock Pick video and their very brief summary of who is making the pitch with a link to their firm.
The embedded video (again, they are usually 1-3 minutes long).
Forward or trailing P/E and dividend yields linked back to the Yahoo! Finance statistics page.
The latest long term technical chart linked back to Yahoo! Finance.
And as always, this post is provided for informational purposes only (and to make your life easier by providing you with relevant information, links, and charts). It does not constitute investment advice and/or a recommendation…
Finally, Business Day TV also has the comments turned off for their stock pick videos. This is unfortunate as it’s always interesting to read any comments on any media piece as often the readers and viewers know more than the writer or presenter. 😀
UPDATE: Circa late October or early November 2023, and without any explanation, the Business Day TV YouTube channel was terminated. The YouTube channel contained separate individual videos with just the few minute long stock picks without the need to watch the whole show (Note: The stock picks were usually during the last few minutes of the show) they were from (although the whole shows would be interesting for anyone investing in South African stocks). The Business Day TV website still contains the entire shows in video and/or podcast format.
Antofagasta & Implats
Chile based Antofagasta (LON: ANTO / FRA: FG1 / OTCMKTS: ANFGF) produces copper cathodes and copper concentrates; and molybdenum, gold, and silver by-products. The Company also has exploration projects in various countries plus provides rail and road cargo services to mining customers in northern Chile. The Company was founded in 1888 and is headquartered in London. Antofagasta plc is a subsidiary of Metalinvest Establishment.
Impala Platinum Holdings (JSE: IMP / LON: 0S2J / FRA: IPHB / OTCMKTS: IMPUY / IMPUF) is a South African holding company who is a leading producer of platinum group metals (PGMs), structured around six mining operations and Impala Refining Services, a toll refining business.
WATCH: Stock Picks - Antofagasta & Implats
Devin Shutte from The Robert Group chose Antofagasta as his stock pick of the day and Greg Katzenellenbogen from, Sanlam Private Wealth chose Implats
WATCH: Stock Picks - Antofagasta & FirstRand Bank (Covered later in this post)
Devin Shutte from The Robert Group chose Antofagasta as his stock pick of the day and Jonathan Fisher from PSG Wealth Sandton Grayston chose FirstRand Bank
Forward P/E: 21.88 / Forward Annual Dividend Yield: 3.42% (Yahoo! Finance)
Trailing P/E: 3.19 (no forward P/E) / Forward Annual Dividend Yield: 11.51% (Yahoo! Finance)
Anglo American Platinum
Anglo American Platinum (JSE: AMS / FRA: RPHA / FRA: RPH1 / OTCMKTS: AGPPF / ANGPY) the world's largest primary producer of platinum, accounting for about 38% of the world's annual supply. Based in South Africa, most of the group's operations lie to the northwest and northeast of Johannesburg. NOTE: UK based Anglo American (LON: AAL / JSE: AGL / OTCMKTS: NGLOY) is the company's majority shareholder.
WATCH: Stock Picks - Anglo American Platinum & Salesforce
McCurrie from FNB Wealth & Investments chose Anglo American Platinum as his stock pick of the day and David Shapiro from Sasfin Securities chose Salesforce
WATCH: Stock Picks - Anglo American Platinum & Quanta Services
McCurrie from FNB Wealth & Investments chose Anglo American Platinum as his stock pick of the day and David Shapiro from Sasfin Securities chose Quanta Services
Trailing P/E: 4.41 (no forward P/E) / Forward Annual Dividend Yield: 8.26% (Yahoo! Finance)
Afrimat
Afrimat Limited (JSE: AFT / OTCMKTS: AFTLF) is a leading black-empowered open pit mining group that supplies industrial minerals and construction materials to a range of businesses and industries across southern Africa. In addition, the Group supplies bulk commodities to both local and international markets.
Grant Nader from Benguela Global Fund Managers chose Afrimat as his stock pick of the day
Trailing P/E: 13.24 (no forward P/E) / Forward Annual Dividend Yield: 3.69% (Yahoo! Finance)
