Old Mutual Share Discussion Threads

[lanzarote666] 28/3/2011 17:36

Up on Avior Research upgrade to Buy - target 163.35

[chairman2] 08/3/2011 15:00

doubt it

try RBS x 10

[isis] 08/3/2011 13:18

Is this a record for RNS's?

27???

[chairman2] 02/3/2011 21:44

Nedbank results contain no clue as to what happened over the planned
sale.

The outlook is very modest but given the em mkts turmoil elsewhere
that has to be a good thing

[lbo] 20/1/2011 11:10

Goldman Sachs rates the savings and investment group Old Mutual a "buy" with a 162p target price believing that the fund manager offers new opportunity following a strategic shift back towards insurance and is now undervalued.

Old Mutual offers inexpensive exposure to South Africa, wrote Goldman Sachs and has virtually no European sovereign debt exposure. The impending sale of banking arm Nedbank should help clarify its market position believes the broker.

[nellie1973] 19/1/2011 13:52

Broker upgrade today

[chairman2] 15/10/2010 09:36

when it comes to SA make no assumptions

The critical party in negotiations over Nedcor is the
government

They are the ones who through political and bureaucratic
deficiencies appear to be dragging their feet. They are
probably holding out for better terms for the government
from HSBC - and from what I know of HSBC they dont
kow-tow to governments.

When Barclays bought its stake in ABSA the clever thing
was getting the politics right

[nofool] 15/10/2010 08:37

Thanks for keeping us informed PeterBill.

I guess something has to come along, bringing the share price back to the 50sma.

[peterbill] 15/10/2010 08:07

* HSBC is close to walking away from a £5 billion plan to buy Nedbank in South Africa as the UK bank is not in a position to make an offer before the period of exclusivity finishes this weekend; that could leave the way clear for rival Standard Chartered to gain the upper hand in the bidding.

[chairman2] 09/9/2010 10:02

Peter bill

seems to me you are bang on.

In my view this strategy is driven by two things

1 - internal to Old Mutt - after the fiascos in the USA and Bermuda
get back to sticking to the knitting

2 - external to Old Mutt prepare for the tough new capital regime
coming down the track very fast where all such corporate investment
holdings are deducted straight £ for £ from the capital available to
back the biz.

difficult to say whether thats good or bad but Mr Market believes
the manaement are best placed to know and are rewarding them for doing
something.

[peterbill] 09/9/2010 09:28

seems like the market likes what OML are doing ... selling non core items (dimension data holdings?)

Any other views on this share?

[miata] 23/8/2010 10:06

OML has received a bid from HSBC for up to 70% of Nedbank and is the best FTSE performer this morning.

[chairman2] 11/8/2010 20:28

thanks nellie

[nellie1973] 11/8/2010 20:24

Broker upgrade

[chairman2] 16/6/2010 17:19

World cup euphoria? cant argue with the strength of this chart

the sector isn't helping so the performance is really standout

[mazarin] 12/5/2010 07:23

Nice to see that Deutsche reiterated their 'Buy' recommendaion on OML raising their target from £1.35 to £1.45 yesterday.

[mazarin] 11/5/2010 11:12

An recent article in The Times Online suggests that OML US disposals could have significant effect (ie. double) the value of share price

[indieman] 29/4/2010 08:11

Who mentioned 2 days? The current situation has too many unknowns attached to be easily or confidently predicted on a very short term basis; it's random walk.

As regards the long term, so much depends on how the Greek tragedy pans out. Any nation which regards paying income tax in the same way Italians regard red traffic lights is likely to find reality uncomfortable.

All greek amphitheatres faced the same direction. Audiences everywhere needed to choose their seats very carefully to avoid getting badly sunburned whilst watching greek dramas unfold.

[nofool] 28/4/2010 15:07

"Two days" Indieman?! Gosh, that's anyone's guess, but the DOW has to decide if it's May and a good time to retrace, or if it's May and a good time to rally on!

But I'm taking the Long view, two days is meaningless really and any serious investor should be looking at least two years out IMO.

Anyone holding these must be relieved by this mornings strength, phew eh! But will it last?

Where will we be in two years time?

Now, specsavers.

[indieman] 28/4/2010 07:18

Next week isn't really on my radar; it's far too short term.

However-yesterday's carry-on is likely to be just the first phase of a nuclear reality bombing which will affect the debt-ridden western countries for a long while (my timeframe, not yours) to come. OML is heavily geared to global recovery and will suffer accordingly in all probability.

As long as South African mining companies' output is required to fuel the emerging superpowers' economies, OML will have a sheet anchor in the long term.

Now, shopping.

[nofool] 27/4/2010 21:37

nofool - 12 Mar'10 - 09:31 - 927 of 935 edit

I think the city regard OML as fully valued for now. The share price sits atop an astonishing rally, built on high hopes and expectations, I expect some profit taking.....UNLESS the DOW begins yet another new leg up.

But a return to the 20 sma (on the dailies) is unavoidable now, even the 50.




Amazing! It's taken a full six weeks and more, to finally slice up the 50dma (I blame the DOW!). Now what, an attack on the 100..probably in the morning?!