Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Reasearch published on the HL site this morning says of OML, "market consensus remains a strong buy". Given the SP has fallen from a high of 220p (more or less) over the past 15 months, which market is this, exactly? What they should have said is "brilliant, expanding company, global diversification. We like it. but it's SOUTH AFRICAN, so its only going one way, and that ain't up ! (Not deramping, or ramping for that matter, just frustrated that the market can't see the worth of OML)
Another good set of figures from Nedbank, OML is a good investment for the future and the SP should be higher.
http://www.stockopedia.com/content/stockranks-upgrades-and-downgrades-july-22nd-84896/
Nice to see the SP going up, I also think this could see £2.50 this year, or dare I say it a bid maybe forth coming.
Thanks Libero :-) I predict this time next year OML will be a 2.50p to 300p share :-) happy Days
OML owns 7% of boohoo! "Online fashion group boohoo.com (LON:BOO) strutted its stuff on AIM on Friday, becoming the latest retailer to make its shares available to the public. Those lucky enough to get a piece of the action were rewarded with a 60 per cent share price rise within minutes of trading. The shares went on offer at 50p, but soon raced up to 80p in a float which raised £300 million. The funds are earmarked for an accelerated expansion programme, as well as repaying convertible loan notes held back existing shareholders. Institutional backers, such as 7 per cent shareholders Odey Asset Management and Old Mutual, were quids in, not to mention co-founder and joint chief executive Mahmud Kamani, who made a cool £240 million from the listing."
Old Mutual (LON:OML) On Friday, Old Mutual reported preliminary results for FY2013 ended 31st December 2013. Total revenue declined 1.4% to £19.8bn, while pre-tax profits improved 10.6% to £1.53bn owing to lower expenses. Adjusted operating profit rose 15% to £1.6bn and return on equity improved 60 basis points to 13.6% (constant currency basis). Adjusted operating earnings per share climbed 21% to 18.4p (constant currency). Funds under management (FUM) rose 19% to £294bn with positive market movements contributing £34.3bn. Old Mutual announced acquisition of Intrinsic Financial Services Limited in the UK, having a network of 3,000 advisers, to boost distribution for its Old Mutual Wealth business. The company plans to go public with its US Asset Management arm this year. In 2013, Old Mutual added 280,000 customers to the Mass Foundation segment and further 529,000 to the retail banking unit of majority owned bank, Nedbank. Old Mutual also progressed towards the integration of its recently purchased Provident Life Assurance, Ghana into the group. Full year dividend of 8.1p was 16% higher from last year. The stock closed up 5.9%. Our view: Barring the impact of a weakening rand, Old Mutual delivered a resilient full year performance on the strength of its emerging market business . The announced initial public offering (IPO) for Old Mutual’s asset management business in the US would bolster the unit’s expansion significantly. A majority stake in Nedbank has given Old Mutual an access to the Mozambique market through the former’s 36.4% stake in Banco Unico. However, a significant devaluation in the currency of South Africa, from where the company derives majority of its business, severely hit its financials. Moreover, the recent introduction of stringent regulatory norms for the UK insurance sector added to the woes. However, with upcoming synergy and cross-selling opportunities from a close integration of Old Mutual, Nedbank and Mutual & Federal, prospective gains from strategic acquisitions and a rapidly expanding customer base, Old Mutual is well poised for further growth. We upgrade the stock rating to a Buy.
Down 2%, along with the rest of the market, no doubt in a funk over Ukraine. Reality is that this is about different ethnic groups with different political perspectives (i.e ethnic Russians in Crimea not happy about goings on in Kiev), Russia protecting it's military assets in the region from a new Ukrainian govt whose intent it neither understands nor trusts and the Americans/Brits making noises of disgust, which politically it has to. But as John Simpson said on the BBC last night, this isn't world war 3. Infact will the west really want to endanger global economic recovery? And more to the point, is any of this going to hit the profits of, say, a house builder in the South of England ?. Bottom line, lots of bargains over the next few days, just wish I was a bit more liquid. As far as OML is concerned, down 4p after more good figures last week, should really be marching onwards over £2. Didn't know we were big in the Crimea (thats irony, btw) GLA.
Positive Points: The acquisition of Intrinsic, a network of 3,000 financial advisers, continued the company's drive to become a major retail investment management presence. Old Mutual's asset management offering was also bolstered by the recruitment of Richard Buxton from Schroders Plc in June 2013. The company announced that it intends to proceed with an Initial Public Offering of its minority interest in its US Asset Management business, or USAM, in 2014, subject to market conditions. Old Mutual has four strategic priorities, expanding in Africa, developing its business in the fast growing South African markets, building its Wealth business and growing its US Asset Management business. The board said it intends to adopt a progressive dividend policy.
Negative Points: Earnings generated by Old Mutual's South African operations are subject to exchange control regulations. The group sustains currency exposure and political risk, given its strong focus on emerging markets. South Africa's rand has depreciated 15% against the US dollar and almost 10% against the British pound this year. Management has previously announced it was working with its retail customers in South Africa to help them through a "challenging economic environment".........
Financial Highlights: Old Mutual reported a 15% rise in adjusted operating profits to £1.6 billion. Gross sales of £25.3 billion for the year were reported, up 17% from a year earlier. Funds under management improved by 19% to £294 billion. Old Mutual declared a final dividend of 6 pence per share, making a total of 8.1 pence, versus 7 pence paid last year.
Full year results: Old Mutual revealed that its gross sales reached 25.3 billion pounds for the year, at the top end of analyst forecasts and up 17% from a year earlier. Despite the robust sales growth, volatile currencies in South Africa and other emerging markets kept profits flat, Old Mutual's statement showed. Adjusted operating profit came in at £1.6 billion, unchanged from a year earlier but representing 15% growth on a constant currency basis. "I am delighted with the way Old Mutual has performed this year notwithstanding the volatility of the rand," Chief Executive Julian Roberts said. In a separate announcement, Africa's biggest insurer said it is planning an initial public offering for its US asset management business, subject to market conditions. The purpose of the offering is to enhance US Asset Management's financial and operating flexibility, to deploy capital and to continue to grow and develop further its multi-boutique asset management business. The company also revealed the acquisition of Intrinsic Financial Services Ltd, a network of 3,000 financial advisers as it bolsters its distribution network in the wake of recent regulatory changes in the UK. Julian Roberts added; "the acquisition of Intrinsic Financial Services Ltd will lay the foundations for Old Mutual Wealth to become the leading retail investment business in the UK". Old Mutual has been working to strengthen its asset management offering, bringing in a new UK equities team that was boosted by the recruitment of Richard Buxton from Schroders Plc in June 2013. Old Mutual said it will look to strengthen its teams in other asset classes where necessary.
excellent day 198p
looking cheap now but I haven't done research yet and I feel like there's something amiss.
At last , The Ho Wong it is then !
Have sold up here so we'll need to find a new home. Not too sure about recent rnses here. kaz is like blvn, they're all trading it on the sly. I discovered that in July when samunj and I were declaring our buys and our sells but nobody else does. They sometimes tell you about their buys but never their sells but we can all play that game lol. You know I am not into Aims but have done okay with a company called pres. Very very busy but I might put a buy order in for kaz when some of the shorts use their kaz allocations from enrc to close out. From the bbs, it looks as though it will not fall further but I have my doubts and the sudden resurrection of poster in at £8 does nothing to allay my fears there. Take care. P
Another good set of figures, onward and upward I say, will £2.25/2.50 be the new target?
See we're still on our own then ! just looked in for the first time since I left from Gatwick last week, no time for swimming I'm afraid as I'm run off my feet living the dream and trying to work my way through American bureaucracy which is bad enough for Americans who speak the kind of English local government officials understand, my version of the Queens English learned over a lifetime in the backstreets of Widnes dosen't seem to travel well, perhaps you could use all your new found wealth from ENRC and OML on getting your ar$se over here and act as my interpreter instead of winding yer man 2reincarnated up .I've stayed out of pfd and away from Fernie and sold RMG and XEL at at a profit , my plan is to get out of AIM completely as and when my dogs EVO, RRL and most of all BLVN ever get back into profit, in the meantime I will of course be following your exploits and on hand to jump in on your side whenever I see evil doers attacking you, a quick visit into the nearest phone box to don my cloak and slip my y fronts over me tights and I'll be there. Good Luck with all your holdings and you look after yourself my very good friend. Cheers
oml going from strength to strength denis and I have my divi for hallow'een goodies. You'll be doing that trick or treating stuff and swimming outdoors. Hope you stayed away from pfd this time.
Crikey oml at over £2. I've been relieved of my ramping duties here and Denis is permanently in charge of the bb here.
..... here Queenie SP going in the right direction and good volume today GL with your Divi, don't spend it all at once.
LOL Are they still made by inmates these days? As "Needy" said I am not a bad person but I must admit the thought of beaky having got the sack or making them in jail brings a wicked smile to my face. Now your Lucan, he's an amateur deramper by comparison lol
LOL At least you actually got into Woolies caferia. I never got further than the slab cake, pick & mix and cooked meet counters which of course Lewis's across the road also did but maybe a bit dearer. What my mother would do would be to say to me that we would pop into a café at the end of the shopping trip then she would say - I think we'll just head for the bus home eh and cook our own tea and it'll be a lot nicer and cheaper. I fell for this for years. Did actually get a big bottle of coke and a straw and chips in Skinner's café St. Enoch Sq. on a visit to a zoo in Oswald Street with one of the big brothers. Lewis's eh - some younger folk on these bbs think you mean John Lewis when you talk about them. The branch in Glasgow had six floors or more and the queue to see Santa spiralled from the basement to the top floor. The building is now home of HMV Argyle Street and some others like that posh Superdry lot. Used to have Christmas lights along that entire street. Ha Ha early to bed for my great expedition starts tomorrow. King Elvis has been playing Ian McNabb all weekend but to be honest a bit morose for me - well the album I've been listening to anyhow. Liverpool Girl more upbeat http://www.youtube.com/watch?v=I5h4KyfDNzE
Thanks for a great link ,the pictures of Liverpool took me back to day trips on The Ferry Across The Mersey to New Brighton "Our Ollies" or being dragged around department stores with me mam on Saturday afternoons in the fifties, the highlight was eating in Woolies cafeteria, "steak pudding and chips" a rare treat to eat out anywhere in those days just out of rationing. Just had another look at "Dickie Lewis" on Google images and he's not that well endowed after-all, maybe I just caught him first time round on a warm day. http://www.youtube.com/watch?v=UwpeBMtvyCQ
Denis I guess the girls under the statue got a terrible let down later on - art not always imitating reality. Jings 100 of rbs bb fame and I have spoken before about getting a "dizzy" from a blind date under the clock of the old Boots the Chemist on Union Street Glasgow. If you think this bb is bad, look at rbs bb currently. Entirely given over to politics. Talking of politics, you are get the "politician" and "beaky" mixed up. They could be the same person of course. The latter's daughter was merely headed for a first at Oxbridge and a pharmacy degree but would not soil her hands doing a Saturday job in Boots as it would interfere with her interest in ponies. Then he was gazumped by the "politician's" daughter who was going one better. She was headed for a joint honours first class, followed by a PhD and a Miss World title and had already been on the box. You know, of course, that I only come on these bbs to research characters for my next best seller x http://www.youtube.com/watch?v=Ea7K10KsyCE