WATCH: Stock pick — Reinet

Waldo du Plessis from Nitrogen Fund Managers chose Reinet as his stock pick of the day.

“I’ve gone with Reinet, which is a traditional holding company. They have a big investment in British American Tobacco and then a UK insurer called Pension Corporation. The reason I’m going for Reinet is because it’s trading at a really wide discount against historical levels at 42%.”