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MTM sitting at 41.26 feels cheap given the embedded value in their life book. Sanlam and Old Mutual trade w…by @easy_money_sa on $MTM

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EasyMoney@easy_money_sa·Bearish

MTM sitting at 41.26 feels cheap given the embedded value in their life book. Sanlam and Old Mutual trade way higher on earnings, and Momentum's got solid recurring revenue from the protection side. Yeah the market's scared of rates and market conditions, but this isn't going to zero. Holding for the medium term, reckon we see better days.

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