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145 pence Fantasticamo, super ,wunderbar
Old Mutual revealed that the spin-off and initial public offer of its Quilter arm would be priced at 125p to 155p per share. The Anglo-South African group is looking to float up to 9.6% of Quilter shares, plus a possible over-allotment option of up another 9.5%. Final confirmation of the offer price is expected to be announced on or about 25 June. Formerly known as Old Mutual Wealth Management until rebranding last year, Quilter was recently revealed by its FTSE 100-listed parent to have grown net client cash flow 14% in the first quarter to �1.6bn, with assets under management down 2% to �111.6bn, as negative market movements were partially offset by the strong cash flow. Quilter is in the process of rebuilding its online platform and, along with five other closed book life assurance peers, is being investigated by the Financial Conduct Authority, principally around the appropriateness of certain charges levied on long standing customer products. Quilter has already voluntarily provided for some compensation, but the FCA has not yet made a final decision.
still looking pretty good. east asia,that's where the growth is.
I got my profits out nice touch!! Interpretation about tomoz is their anyone else in ???
this week, this share will make or break my year, Boom I hope Many institutions waiting the same has me, so if their is anything slightly wrong this stock will get crucified. Me included!!!
nice turnaround.
I think the answer to your question is seen in the institutional mass buying taking place!!💰
There is a plan to break the company at the end of the financial year but will this go ahead and will it affect the share price ?
Unfortunately the share price doesn't seem to be doing a great deal at present. On the occasions that it displays some positive activity with a rise to c.197, the apparent enthusiasm doesn't last for long and there is a rapid decline back to the upper 180s/ lower 190s. For this reason, I am getting ready to sell once I am just above break even point with a view to investing elsewhere. The brokers' consensus doesn't offer much joy either at the present time: Shares of Old Mutual plc (LON:OML) have received an average recommendation of “Hold” from the seven analysts that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is GBX 210.80
It will be interesting to observe whether this will have a good effect on the share price. GLA. https://www.moneyweb.co.za/mny_sens/old-mutual-plc-om-asset-management-announces-closing-of-secondary-offering/
Once again, I should have had the good sense to abandon this particular ship earlier when the going was good. This morning's announcement regarding Nedbank has dented the share price GLA. "Financial services firm Old Mutual PLC said Thursday its majority-owned subsidiary Nedbank Group Ltd will face challenges in 2017 due to political and macro-economic issues in South Africa. Ned bank, in which Old Mutual has a 54% stake, said in its update for the first three months of 2017 that it expects "reduced levels of business and consumer confidence" due to the "volatile socio-political outlook and the weaker than expected macro-economic environment". South Africa's President Jacob Zuma has faced protests amid a string of corruption scandals. Zuma also sacked his popular finance minister Pravin Gordhan in late March, prompting two credit ratings agencies to downgrade South Africa. "We anticipate...it will now be more challenging to achieve the full 2017 year guidance provided at the time of the release of our 2016 annual results," said Nedbank. In its full-year results for 2016, released in February, Nedbank had said its performance guidance for 2017 was for growth in diluted headline earnings per share "to be greater than the consumer price index plus GDP growth". Ned bank said its net interest income grew at "mid-single digit levels" in the first three months of 2017 on the back of growth in interest-earning assets, while its net interest margin widened "ahead of the full year 2016 level of 3.54%". Non-interest revenue grew at "low-t-mid single digit levels". At the end of the three months, Nedbank reported a Common Equity Tier 1 Capital ratio of 12.6%, well ahead of minimum regulatory levels. Old Mutual is currently in the process of separating out its constituent businesses, with its stake in Nedbank set to be distributed to the shareholders of a new South African holding company. Old Mutual has said it is targeting the managed separation by the end of 2018."
Old Mutual plc (LON:OML) had its target price decreased by Goldman Sachs Group Inc from GBX 230 to GBX 205 in a research note issued to investors on Monday. Goldman Sachs Group Inc currently has a neutral rating on the stock.
I have made mistakes with my investment in OML. I bought way too soon at around 196 incl. when the share price fell to 184 a few days later. I should have had the sense to sell at around 200 but held only to see the share price fall to the low 190s or thereabouts, where it has lingered since then. Recently, I have noticed a steady upward trend superimposed on the usual share price fluctuations. Is this just overoptimism on my part, or is OML set to rise again? My current target price is around 215, but would most probably sell for a 10% profit, GLA
Decisions have been taken regarding some restructuring that was already underway. These changes should strengthen the company's future performance. http://www.computing.co.uk/ctg/news/3009355/old-mutual-fires-it-services-supplier-over-cost-over-runs-and-delays
Target adjusted slightly higher to account for stamp duty and fees.
4 buys, 4 accounts... Target 212.28p 10%
The share price is recovering but taking longer than I had anticipated. Other stock (although from a different sector) which were similarly affected by the same events are by now around 8% higher than the lows of last week. I remain confident in OML's eventual recovery, and trust that the amelioration of the current political situation will help the stock to recover to somewhere close to its level at the start of this month.
.. also potential vote of no confidence in RSA parliament next week.
is calling everyone racist now, he must be getting desperate...
missed 184s this morning but feel it may touch again later . feel anything between 175 and 180 could turn out to be a great investment GLA
stock. Unfortunately, I bought my equity a few days too soon. Today is a good day to buy and there have been several purchases of blocks of shares in excess of 10K already. Like Rhambo, I am optimistic about this stock's recovery - in the mid term in my view. I regard any investment like a deposit account. I invest my capital, and eventually reclaim it - sooner and with more profit and less tax deducted than with derisory savings accounts. No sleep is lost concerning the intermediate share price and its fluctuations. I intend to sell this particular equity when my profit is in excess of 8%. It could take a while!