MM’s view on SEK & ANN

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Question asked 21/01/2022

MM’s view on SEK & ANN

Hi James, Happy new year and well done in 2021, MM made some great calls. I am interested in your view for 2022 on SEK & ANN. Regards Michael

Answer

Hi Michael,

Thanks for the positive feedback, onwards and upwards into 2022!

Ansell (ANN): we continue to like the medical glove and health & safety protective solution business in todays new COVID world but ideally closer to the $31 area. Demand for its products may have declined over recent quarters but it makes no sense for ANN to be trading under its pre-COVID levels. Also ANN is defensive in nature which we like into 2022 / 2023 hence overall we would say its a buy into dips.

Seek (SEK): the on-line job search stock has corrected over 19% from its November high following the negative lead from the growth / tech stocks. We are neutral around the $30 area, it would need to a dip closer to $25 before we liked the risk / reward and valuation dynamics of this high quality company.

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Ansell (ANN)

LAST UPDATED 20/01/2022 17:26

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