{"id":3366,"date":"2019-11-18T08:00:24","date_gmt":"2019-11-18T06:00:24","guid":{"rendered":"http:\/\/contattoblogs.timslatter.co.za\/?p=3354"},"modified":"2019-11-18T08:00:24","modified_gmt":"2019-11-18T06:00:24","slug":"silver-lining-investments-to-get-you-through-slump-time","status":"publish","type":"post","link":"https:\/\/contattolive.co.za\/north\/silver-lining-investments-to-get-you-through-slump-time\/","title":{"rendered":"Silver lining investments to get you through slump time"},"content":{"rendered":"

They say to make hay while the sun is shining, but what about during overcast conditions?<\/span><\/p>\n

The current outlook for SA investors is not as stormy as it was two years ago, but it certainly isn\u2019t clear skies.<\/span><\/p>\n

While we started the year filled with new optimism in a new president and the looming threat of state capture vanishing, other problems have remained. Thanks to Eskom, plummeting business confidence scores, policy uncertainty and a host of other factors, we haven\u2019t quite seen the economic rally we hoped we would in 2019\u2026\u00a0<\/span><\/p>\n

Luckily, the best thing about markets is that when one thing slumps, another soars. Thanks to some rather unexpected material de-rating, lucrative equity options that were previously high-priced are now more affordable. This is not to say that you should jump ship, not at all! It\u2019s merely evidence of how we can find alternatives in a market that may have us feeling a little confounded.<\/span><\/p>\n

Mr Price Holdings<\/b><\/p>\n

\"\"<\/p>\n

In the face of equivalents like Truworths, Mr Price Holdings has shown ongoing rallying in the face of tough conditions \u2013 and, right now, the price is appealing to many investors. According to <\/span>Cannon Asset Managers<\/span>\u2019 <\/span>Chief Investment Officer, Samantha Steyn, \u201cthe current valuation is attractive, with a P\/E multiple of 13.3 times and dividend yield of 4.6 percent \u2013 as compared to its historical five- and ten-year average P\/E multiples of 21 and 20 respectively.<\/span>\u201d<\/span><\/p>\n

Multichoice<\/b><\/p>\n

Despite competitive rumblings from the likes of Netflix muscling in on DStv\u2019s territory, MultiChoice is going strong. \u201cThe current price (around R120 per share) offers an attractive entry point into this high-quality investment. The group has operational leverage thanks to several cost-optimisation strategies, as well as the ability to grow market share in the middle and mass markets,\u201d says Steyn.<\/span><\/p>\n

And with sports being MultiChoice\u2019s main drawcard still and the Rugby World Cup having received a lot of viewers, this quarter\u2019s figures will likely be even better.<\/span><\/p>\n

RMB Holdings<\/b><\/p>\n

\"\"<\/p>\n

Arguably the most exciting opportunity right now is FirstRand giant RMH, normally well out of reach individual investors. Steyn says that \u201cRMH\u2019s discount to net asset value (NAV) is currently around 11 percent, thus offering an attractive investment into FirstRand. This compares to the three- and seven-year average discounts to intrinsic value of 6.8 percent and 3.3 percent respectively<\/span>.\u201d<\/span><\/p>\n

Unlike MRP Holdings and MultiChoice, there have been no big uncertainties shaking the price here, and FirstRand has had a cracker of a year so far, well in line with a recent track record of several stable, good years in a very unstable time. The current price-earnings (P\/E) multiple is 12.8 times, with an attractive dividend yield of 4.6 percent.<\/span> And with FirstRand\u2019s ROE projected to be around 22 percent, this promises to be a very good deal indeed.<\/span><\/p>\n

These are just three examples and far more exist for us to consider in the face of restlessness or looking for new opportunities. It just goes to show that you don\u2019t have to wait for the sun to be shining to make some hay.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

They say to make hay while the sun is shining, but what about during overcast conditions? The current outlook for SA investors is not as stormy as it was two years ago, but it certainly isn\u2019t clear skies. While we started the year filled with new optimism in a new president and the looming threat of state capture vanishing, other problems have remained. Thanks to Eskom, plummeting business confidence scores, policy uncertainty and a host of […]<\/p>\n","protected":false},"author":1,"featured_media":3355,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12,27],"tags":[],"class_list":["post-3366","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","category-market"],"yoast_head":"\nSilver lining investments to get you through slump time - Contatto North<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/contattolive.co.za\/north\/silver-lining-investments-to-get-you-through-slump-time\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Silver lining investments to get you through slump time - Contatto North\" \/>\n<meta property=\"og:description\" content=\"They say to make hay while the sun is shining, but what about during overcast conditions? 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