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Why Spur, Barclays and the JSE itself are the hottest investments on the JSE

The Money Show’s Bruce Whitfield interviewed Eugene Goosen of ORA Fund Managers.

Goosen chose these three stocks for our weekly “Stock Pick Monday” feature:

  • Barclays Group Africa (BGA)

  • JSE

  • Spur Corporation Limited (SUR)

Scroll down for quotes from the audio below.

Barclays is not sexy, but it’s paying you a 5.5% dividend and its valuation is reasonable. It’s got a very good potential for growth in the rest of Africa.

Eugene Goosen, ORA Fund Managers

JSE has a fair amount of pricing power. Competing with the JSE is not easy. Their earnings just hum along. When volatility is high, trading picks up. It’s paying a reasonable dividend and the valuation is not high.

Eugene Goosen, ORA Fund Managers

Spur’s results over the past year wasn’t great. The UK business performed poorly. They have addressed that issue; scaling back restaurants there that wasn’t worthwhile. Spur is entrenched in the middle-income market and expanding across the rest of the LSMs. Valuations are reasonably attractive.

Eugene Goosen, ORA Fund Managers

This article first appeared on 702 : Why Spur, Barclays and the JSE itself are the hottest investments on the JSE


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