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Shares to keep an eye on

Jan 03 2013 11:27
Cape Town - America's fiscal cliff resolution will have a short-term effect on our stock exchange, and investors should rather focus on shares that offer value.

This is the opinion of Fin24 user Hermann Visser, who paid for his South African holiday (he is now based in Canada) from the profit he made on ArcelorMittal SA [JSE:ACL].

Visser, a stock market analyst for over four decades, responded to a call by Fin24 in December for users to share their stock picks for 2013.

He writes: "My son in South Africa had some shares which I recommended the past year and, excluding dividends, their growth was 57.89% as from December 31 2011 till December 31 2012.

"When ArcMittal (sic) reached R27.60, I bought 10 000 shares while in South Africa in November 2012 and sold them at R36.00 to pay for my SA holiday.

"Common sense just prevailed that said ArcMittal is close to its low turn and must sooner be on its way higher."

Visser says: "The following shares in total should gain a minimum of 20% (dividends included) during 2013, with share price close at December 31 2012 as basis."

Zeder Investments [JSE:ZED]
African Bank Investments [JSE:ABL]
Pretoria Portland Cement [JSE:PPC]
Raubex Group [JSE:RBX]
Invicta Holdings [JSE:IVT]
Old Mutual [JSE:OML]
Pinnacle Technology Holdings [JSE:PNC]
FirstRand [JSE:FSR]
British American Tobacco [JSE:BTI]
Steinhoff International Holdings [JSE:SHF]
Impala Platinum Holdings [JSE:IMP]

Visser continues: "The following [shares] can be watched because their growth will definitely exceed the inflation rate by far (even excluding dividends declared/earned)."

Sasol [JSE:SOL]
Sanlam [JSE:SLM]
Nedbank Group [JSE:NED]
Standard Bank Group [JSE:SBK]

Banking on Banro mining stocks

Another Fin24 user, Theresa Pickering, places her bets on Canadian gold mining company Banro Corporation [TSX;AMEX:BAA].

She writes: "My stock pick is Banro Mining Corp. Their second gold mine in the Democratic Republic of the Congo (DRC) should be finished by September 2013. Good quality gold at low cost mining.

"The share is hovering around $3 after falling from $4.60 due to M23 (referring to an armed DRC rebel group) unrest; however, it's expected to go to $6.05 within the next year.

"I don't have any credentials as far as stock goes. I basically watch stocks as a hobby.

"I have been watching the Banro stock for two years and think its an awesome investment. If it wasn't for the M23 rebels the stock would be a slam dunk!

"However, noting the chairpersons' comments etc about their mines not being too affected, I believe this is the mining stock to buy."

 - Fin24

What are your stock picks for 2013? Send your contribution to editor@fin24.com and you too could be published.

Disclaimer: Fin24 cannot be held liable for any investment decisions made based on advice provided.

Under the ECT Act and to the fullest extent possible under the applicable law, Fin24 disclaims all responsibility or liability for any damages whatsoever resulting from the use of this site in any manner.


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