Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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So Operating profit approx double last year and after other assumption changes profits will not be lower than last year and could be up to 20% improved.
The Op profit is the pointer to future results improving…..hopefully some recovery back towards 75-80p will set in during the year….
Ex dividend date 13th Apr , not far off now , took a few , first time ....let's see what happens....
More....
https://www.oldmutual.com/investor-relations/dividend-information/
Researching , but waiting for dip again
https://www.dividendmax.com/south-africa/johannesburg-stock-exchange/life-insurance/old-mutual-limited/dividends
or due to a pending investigation ?
Trading update announced good profits, but has lost 7% yesterday and is at nearly 5% down today.. hate to see the outcome on a bad report.
Well received numbers looking like a significant bounce back….will the share price respond??
Leakage of the black empowerment transaction likely to have given rise to the fall a few days ago.
Not necessarily a bad thing to engage with in South Africa….but not something to continue with in the interest of other shareholders.
I can’t see any relevant news.
There is a story about covid levels rising in South African waste water….but that does not seem to be putting South Africa back into a lockdown.
Also driving an upward trend in the SARxGBP exchange rate, rate now close to 19 when it was 21 quite recently….helping the £ share price.
Travel and other restrictions are starting to be reduced.
Death claims should be over the worst….but people will now want to have insurance as they saw it was necessary.
Economy should also start to recover led by miners and financials.
Brighter times ahead for OMU.
Should start to see some gains as the omicron variant wanes in SA.
And worse with the new variant news……
Today’s fall is possibly overdone but there will be no buyers until the pandemic is under control in Southern Africa.
I sold to avoid taking NED shares….I will watch the share for news but I see no reason to buy back in…..too risky and one for the brave at the moment.
Yes, losing a fair bit on this, can,t see turning around.. may have to bailout take the hit
Not good….downward trend seems to be accelerating
Mixed results. Higher death claims offset by better AUM.
SA going into its summer will help the covid situation…not buying but will be interesting to see what the market reaction is to these numbers and today’s presentation.
London market has been trading at quite different prices to Joburg
Both are now without the Ned bank share unbundling
Joburg rate is about 68p
London 73p…..
I am not buying that premium.
Can buy back just OMU ex Ned on Thursday. Could be low 60s. Anything under 70 represents a profit on sales just above 80p.
I have sold my largest holding once my broker laid out the costs of dealing in the future.
For a £650 holding they would be UK broker fee min£20, SA broker fee min £38 and a custodian fee of £15….more than 10% of the unbundled NEDBANK shares.
Likely to buy back post the unbundling for direct exposure to African insurance and savings.
I had three holdings. I have sold the smaller two as the unbundling seemed unlikely to be beneficial for them (too small).
NEDBANK shares are currently about 850p which will be about £11 for an £82 holding.
I took the view that a 2000 holding would create a £220 holding in NEDBANK which is too small to retain….
Sorry to say I have departed the fold here, as I needed the cash. But I will be back when we are NEDless.
Well 80p has come up very quickly…….
Results well received today….look forwards to more upside…next event is the NEDBANK unbundling at the end of October….let’s ee if this can push on north of 80 before then.
Eps up x3 compared to H1 2020.
Formal reporting on 11/08
The outbreak of lawlessness can’t be good for short term prospects and potentially much worse medium and long term…and yet today the so rises