Old Mutual Share Discussion Threads

[azioni2] 11/10/2018 10:43

did dump yesterday at a fraction below 1.55...……;……̷0;….lucky escape!

[capercaillie] 10/10/2018 21:31

Will dump ahead of split due to transaction and custody charges of my broker due to Nedbank being listed in Johannasberg.

[azioni2] 10/10/2018 13:39

Following the distribution, OML will be a smaller company in terms of the underlying assets owned by the OML Group. Therefore the OML share price is expected to be impacted by the Unbundling in a similar way to any normal dividend distribution.
After the record date, the value of the OML share price is expected to decrease by the same amount as the value of the Nedbank distribution. The actual impact seen could be different due to the impact of equity markets, economic environment and any re-rating which could occur.

[foxy22] 10/10/2018 12:14

I spoke directly to old mutual re this.They cant give investment advice but look at old mutual website there is a lot of infoMy broker thinks that i should sell sharesAs other big non south african holders will offload nedbank

[foxy22] 10/10/2018 12:10

Im not sure

[azioni2] 10/10/2018 11:51

Is the price of the Nedbank shares equivalent to 44p?

[foxy22] 10/10/2018 11:35

They said the registrar will sell themAnd i will receive cash

[azioni2] 10/10/2018 11:12

Not given the option to sell by my broker... under "information" they are saying they don't trade in jburg but will try to obtain the shares' paper certificate???

[foxy22] 10/10/2018 11:02

I am electing to sell the shares

[azioni2] 10/10/2018 10:48

OLD MUTUAL LTD
Event Type
Demerger
Description
Spin Off

Ex-entitlement date: 11th October 2018
Terms: 3.21176 shares in Nedbank Group Limited for every 100 shares held
Pay date: 15th October 2018

Old Mutual Limited has announced a Spin Off, whereby holders will be issued with 3.21176 shares in Nedbank Group Limited for every 100 shares held. The ex-entitlement date is 11th October 2018.
Accounts are expected to be updated around 15th October 2018.

[clevergaz] 10/10/2018 10:42

No idea tbh my broker doesn’t trade on jburg so prob a sell

[foxy22] 10/10/2018 10:34

Clevergaz is it worth taking the nedbank shares or selling them.One has the option

[foxy22] 10/10/2018 09:38

Payment date 15 0ct

[foxy22] 10/10/2018 09:16

Reatricted shareholders receive in cashOther in shares of nedbank

[foxy22] 10/10/2018 09:15

Ue goes ex today

[clevergaz] 10/10/2018 08:52

Anyone got info re timelines for nedbank unbundling please?

[clevergaz] 10/10/2018 08:50

Anyone got info re timelines for nedbank unbundling please?

[robertball] 28/9/2018 13:19

Emerging mkt self off following Italian decision

[knowing] 21/9/2018 20:09

Yes horrible when that happens

[capercaillie] 21/9/2018 19:33

Not seen any coverage considering this large rise on the day.

[typo56] 21/9/2018 12:38

Peaked at 10:17, so possibly was expiry, at least in part.

[snowydays] 21/9/2018 12:00

"Too much profit?"

I hate it when that happens.