BizNews Ricardo Portfolio update: Afrimat, Clicks, Chubb, Teledyne

Alec Hogg went into this episode wanting to sell two shares. The rules he built for the Ricardo portfolios talked him out of at least one. In the first of a new run of Premium portfolio updates, he put four fresh sets of results through the same valuation test: Afrimat, whose iron ore profits all but vanished while its quarries quietly earned their keep; Clicks, a business still growing that had turned into a valuation problem; Chubb, the insurer walking away from business it thought was underpriced; and Teledyne, the sensor maker that had just posted the best quarter in its history. One share was put on probation with three tripwires. Another was left hanging until the next Ricardo webinar, along with a new rule and a JSE share the market had priced for a decade of decline.