Old Mutual Share Discussion Threads

[chinese investor] 21/1/2016 12:54

200p Soon !

[professor pettigrew] 19/1/2016 20:46

What a vile individual you are.

[the_man_with_the_pink_gun] 18/1/2016 21:53

STRONG SELL

TARGET £1.12P

[colonelgrim] 11/1/2016 08:17

Post 101: "I got this wrong", you bet yuh, now perhaps we can have a responsible ramp from you Chimp-boy, something on the lines of...

'I wouldn’t touch this with yours!

[eastbourne1982] 09/1/2016 19:40

Bought these last week at just under £1.55, quality business with a good yield, unless there is a complete financial meltdown I see these recovering to £1.80 - £2 within the next few months.

[exel] 07/1/2016 15:29

this will take loads of time, too much for some?, but it should come good, again, and return to 200p+ within x years, (you name 'x' my take is 1-3)...meanwhile nice div and very decent TNAV to share price for its sector....oh,, and Africa will outgrow most of the RoW (pretty much) over next (say) 10 years. That growth will be driven mostly from the wider South upwards...just my take, ex

[chinese investor] 07/1/2016 12:48

I got this wrong - I bought this just north of 200p !
There is the comfort of the excellent dividend !

But at least it is not a bank, oiler or mine !

[cam25] 07/1/2016 12:44

Chinese Investor, Do you see OML even hitting 200p in 2016? 30% rise? Just can't see it happening

[chinese investor] 07/1/2016 11:54

The problem is the weakness of the South African rand !

[rickyvader] 07/1/2016 11:43

Good yield bit is oml heavily exposed to China ?

[chinese investor] 07/1/2016 10:42

Great Yield !

[exel] 22/12/2015 11:33

good post broadwood - completely agree. their most positive 2015 interims and Q3 update have also been almost totally forgotten.

[chinese investor] 22/12/2015 11:00

Interim Dividend 2.65p
Possible Final Dividend 6.85p
Total 9.5p

Yield (160p) 6%

[chinese investor] 22/12/2015 10:54

Too true broadwood.

[broadwood] 22/12/2015 10:49

Shares in life insurance giant Old Mutual (LSE: OML) have endured a turbulent time of late as a crumbling South African rand has cast concerns over the company’s revenue outlook. Indeed, the company dropped to three-and-a-half year lows earlier this month as the African currency sank to record troughs versus the US dollar.

But bargain hunters have piled back in during recent days thanks to Old Mutual’s still-strong growth prospects, sending the stock price 10% higher between last Monday and Friday. And this represents good business, in my opinion. Old Mutual has a terrific footprint not just in South Africa but across the entire continent, making it a major player in a territory where insurance product penetration remains low.

The City expects Old Mutual to follow expected earnings growth of 10% in 2015 with a 4% rise in 2016, resulting in a dirt-cheap P/E rating of 9.7 times for next year. And I believe a prospective dividend of 9.9p per share for 2016, yielding a delicious 5%, seals the deal

[colonelgrim] 21/12/2015 08:14

Ah, there you are Chinese ChimpRamp, what’s the future for this one here then(?), recommend oml as a ‘BUY’ would we, or perhaps a leave well alone!

Hope you’ve managed to average down here, coz it gonna be 2019 before you get anywhere close to blue figures, and you know the Escort is gonna need new tyres before then!

“DON’T BE BUYING THIS STEAMING MOUND OF STOP-OUT MANIPULATION LADS, YOU’LL NOT BE EARNING BRAN FOR DUCKS.”

[spob] 18/12/2015 10:51

Bought a first unit this morn

will buy more if falls further


172.5p

nos 4928.57m

Mcap 8502m

[chinese investor] 17/12/2015 16:31

Nice Recovery !

[chinese investor] 17/12/2015 16:31

Nice Recovery !

[exel] 15/12/2015 22:58

not all OML earnings are from SA, which will also re-grow as indicated above, as will Southern Africa generally - given time. From these diminished share price levels, this is a screaming buy (surely?) but also an uncomfortable ride - if one came in at a higher rating, as many of us did. but do remember the H1.15 and Q3.15 results, and do take a look at the tangible asset-backing and lack of gearing? for example, compare the TNAV per share to (e.g.) ADN and EMG. Just saying...