| Market cap | R47.5B |
|---|---|
| P/E | 7.5 |
| EPS | N/A |
| Div yield | 6.23% |
| 52W high | R42.90 |
| 52W low | R31.53 |
| Volume | 662K |
| Listed | N/A |
Price and fundamentals data is supplied by EODHD, with Yahoo Finance as a fallback source. Sentiment is computed by StockTalk SA from 39 live member stances recorded by registered members on this page.
Investors discussed MTM's life insurance business as a steady revenue source, with growth potential being key to moving the share price, while noting the company's solid balance sheet and recent dividend payment to shareholders.
Summarized from 4 posts · updated nightly
Life insurance is steady money if people keep paying premiums, and MTM's got a decent book of business there. The question is whether they can grow it or just collect what they've got, because that's what moves the needle on the share price.
A dividend is when the company shares part of its profit with the people who own the shares, like Momentum did earlier this year. Say you own R1,000 worth of MTM and they pay out 2 cents per share, you'd get a small cheque for your slice, that just means free money for holding on.
Been holding MTM through worse than this. Life insurance isn't sexy but people still need it, and the dividend's been solid even when the share price wobbles around.
A dividend is literally the company sharing part of its profit with you just for holding the share. MTM pays one usually once or twice a year, and it lands in your account as cash per share you own, so if you hold 100 shares and they pay 50 cents per share, you get R50.
When Momentum makes a profit from selling insurance policies and managing investments, they can hand some of that money back to shareholders, which is called a dividend. Life insurance companies like this one tend to pay them fairly regularly, which is why people hold them for the long run rather than just trading them.
All my MTM is in the red. Insurance stocks are getting hammered because when the economy is weak, people stop buying life policies and they claim more on the ones they've got, so the payouts go up while the money coming in drops.
momentum playing like the springboks, just waiting for the right moment to strike.
sorry if this is obvious, but how do life insurance companies actually make money?
Come on MTM, show us something!
@easystreet_jse yep, rough day for financials
@easystreet_jse what's driving it though, or just market mood today?
Good Morning Everyone, MTM down 5.37% today. When a share drops like that in one day, it usually means something spooked the market, not that the company itself broke overnight. New investors often think a price fall means sell, but sometimes it's just fear talking.
@bongani_crypto_curious they invest the premiums before claims come in, that's the edge. float, basically.
@factcheck_fana ja, that's the core of it. People need cover regardless of the cycle, and a dividend that actually pays out beats chasing the next pump.