Trade Idea: Bidvest
The company has a range of investments with a broad product offering that boasts high market shares and is well diversified with a blend of defensive, cyclical and growth assets. Growth prospects have a high correlational to local economic activity. Historically the group boasts an impressive ROE and good cash flow, but currently trading at a forward P/E of 13 times and at 2.6 times its NAV, we feel the share is fairly valued.
Click here to download the presentation slides as a PDF.