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OML Old Mutual

210.90
0.00 (0.00%)
03 May 2024 - Closed
Delayed by 15 minutes
Old Mutual Investors - OML

Old Mutual Investors - OML

Share Name Share Symbol Market Stock Type
Old Mutual OML London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 210.90 01:00:00
Open Price Low Price High Price Close Price Previous Close
210.90 210.90
more quote information »

Top Investor Posts

Top Posts
Posted at 15/8/2017 10:49 by chinese investor
Up 32% !

Chinese Investor (OML) 11 Aug '17 - 07:07
2017 first interim dividend of 3.53p up 32% !
Posted at 05/3/2017 08:36 by r ball
It's annoying how the share price on larger companies moves. Yes we were all aware of the reorganisation but what we were not aware of was the potential interest in the divisions being g sold.I guess a Bloomberg terminal would have given investors the relevant news and rumours but can this justify the minimum £10,000 per year cost.Ho hum
Posted at 03/3/2017 10:54 by chinese investor
South Africa Being Sorted Out !

Chinese Investor (OML) 29 Dec '16 - 09:33
My Share For 2017 !
Posted at 05/8/2016 06:59 by colonelgrim
silent running
Posted at 21/4/2016 08:15 by chinese investor
Achieved !

Chinese Investor (OML) 31 Mar'16 - 14:54
200p (With 6.25p Dividend) Soon !
Posted at 14/4/2016 11:38 by chinese investor
Imminent !

Chinese Investor (OML) 31 Mar'16 - 14:54
200p (With 6.25p Dividend) Soon !
Posted at 08/3/2016 08:42 by chinese investor
I sold them in August for a lovely profit.
I then bought some at 150p odd recently.

Chinese Investor (OML) 7 Aug'15 - 10:51
16/06/2015 Bought 203.41p 10,000 £20,341 + Stamp Duty + Commission
Thank you for the interest you have shown in my dealings colonelgrim.
Posted at 07/3/2016 16:56 by broadwood
Old Mutual (OML
+








jumped 7.2% to 192.6p on reports the group had received a takeover approach from private equity firms and was planning a split into four businesses.

'Old Mutual shares are sharply higher this morning on weekend speculation that it could be broken up,' said Mike van Dulken, head of research at Accendo Markets. 'While it says that a decision has "yet to be made", investors will be hoping that it's a case of 2+2=5, with the individual assets being worth more on a stand-alone basis that whilst held together.'

Eamonn Flanagan, analyst at Shore Capital, added that a break-up of the business could add £1 billion of value to the business. 'We believe that a disposal or demerger of [wealth management business] Old Mutual Wealth is a distinct possibility,' he said. 'The interaction with the South African life and banking operations is pretty limited and, indeed, probably introduces the conglomerate discount that the stock has traded on for quite a while
Posted at 06/3/2016 15:25 by chinese investor
The FTSE-100 financial services group Old Mutual is plotting an audacious £9bn break-up which could spark a takeover battle for some of the City's most prominent wealth management operations.


Sky News can reveal that the Anglo-South African giant is working on a plan to split itself into standalone companies comprising its stake in Nedbank, one of South Africa's biggest lenders; its wealth unit, which is focused on the UK; its emerging markets operation based in South Africa; and its institutional asset management business, which includes its remaining stake in the US-listed division.

Two buyout firms - Cinven and Warburg Pincus - are already said to have tabled a multibillion pound joint cash offer for Old Mutual Wealth, which includes names such as Quilter Cheviot and Old Mutual Global Investors, one of the most powerful investors in the UK stock market.

Details of the break-up plan could be outlined to the City as soon as next Friday, when Old Mutual is due to announce its annual results.

Insiders cautioned, however, that the plan has yet to be finalised and is likely to take many months to complete.

If they come to fruition, the proposals would carve up one of the best-known names in London's blue-chip share index and divide the ownership of businesses which manage roughly £320bn of assets.

Old Mutual, which recently agreed a deal to sponsor some of England's rugby union international matches, was established in Cape Town in 1845, but has endured speculation for many years about the logic of its corporate structure.

In 2014, it listed its US-based asset management arm, OM Asset Management, which counts a string of boutique fund managers among its affiliates.

It also came close to selling Nedbank to HSBC in 2010 but the deal was called off at the 11th hour.

Bruce Hemphill, Old Mutual's group chief executive, is understood to have instructed advisers to begin work on the break-up shortly after taking over in November.

Old Mutual has a new management team in the form of Mr Hemphill and Ingrid Johnson, the chief financial officer.


Julian Roberts and Philip Broadley, their respective predecessors, were regarded in the City as having done a valuable job repairing many of its failing businesses after the financial crisis.

However, the company has continued to face the headwinds of a weak rand and tougher regulation as a consequence of its UK domicile.

Old Mutual has more than 17.5 million customers and employs more than 60,000 people globally.

At Friday's closing share price of 179.7p, the company had a market value of £8.8bn.

It was unclear this weekend what the Old Mutual board's intentions are towards each of the businesses as standalone entities, although a sale of the wealth arm looks inevitable.

Cinven and Warburg Pincus have previously worked together on the ownership of the Dutch cable group Ziggo, and their offer for the Old Mutual division is said to be worth several billion pounds.

Rothschild is understood to be advising the board of Old Mutual, while the company's brokers, Bank of America Merrill Lynch and Goldman Sachs, are also likely to have roles in the restructuring and sale of various assets.
Posted at 16/2/2016 15:01 by dangersimpson2
That petition is a terrible idea. Every trade is a buy and a sell. All trades are reported and some providers report buy or sell based on the published spread. You could force market makers to report which part of a reported trade they took the side of but it would have high costs that would have to be borne by investors either directly or by lower liquidity. We should be doing everything we can to get costs and spread down not forcing a reporting standard that is pointless for investors. The vast majority of trades by volume are on the order book which does not have a market maker so wouldn't even be included. Also it wouldn't stop off market trades being done.

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