MEI – Our View
Mediclin still the favoured Hospital management servicers counter with continued strong growth prospects.
Mediclinic has undergone some positive restructuring and its merger with Al Noor and its new listing on the FTSE100 marks a new era for the company.
The successful corporate strategy has been coupled with a solid operating performance once again.
This highlights the importance of having a quality management team performing at multiple levels. We continue to like the company and hold it across multiple portfolios.
CPI – Our View
A really good set of results in a difficult trading environment.
The results are head and shoulders above the rest of the major banks numbers released recently.
Capitec continues to surprise to the upside and its quality shows in its numbers.
The bank remains highly focussed but new avenues for product and revenue growth continue to provide opportunities particularly as the wealthier segment buys into the
Potential for growth remains as new products such as credit cards and mortgage loans means Capitec has even more room to expand aggressively.
We continue to hold Capitec directly and through is majority shareholder PSG Group.
To read more V Note_1_04_ 2016
Will have the month end commentary out shortly.
Have a wonderful weekend.
Vunani Private Clients
Wealth and Asset Management Team
Tel: +27 011 263 9576
Tel: +27 011 384 2914