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Why Vodacom (not MTN or Cell C) is a great investment right now

Nadim Mohamed, Investment Analyst at First Avenue Investment Management, chooses this week’s three stock picks of the week.

Vodacom

South Africa’s leading cellphone network (it has about 23 million customers; 58 percent of the market) has an additional 32 million subscribers in Tanzania, the Democratic Republic of Congo, Mozambique and Lesotho.

It also provides business services to customers in over 40 African countries including Nigeria, Zambia, Angola, Kenya, Ghana, Côte d'Ivoire and Cameroon.

Vodacom is owned by British mobile phone operator Vodafone and Telkom.

EOH Holding

EOH is an information technology company that provides consulting, technology and outsourcing services.

AVI

AVI makes and distributes fast-moving consumer goods. It produces frozen foods, food ingredients and cosmetics, and operates in the packaging industry.

Listen to the audio (scroll down) for more detail.

Interest rates are about to rise. You want companies that’ll do well in this environment. AVI has a four percent dividend yield.

Nadim Mohamed

Vodacom has gone through a very tough time. But it has been resilient. They’re very cash generative and we think the worst is over for them. They’ve invested more than their competitors.

Nadim Mohamed

EOH has come off its highs and they are, in my opinion, the best in South Africa. They have a very strong balance sheet; we like it.

Nadim Mohamed

This article first appeared on 702 : Why Vodacom (not MTN or Cell C) is a great investment right now


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