to join the discussion
OMU pulling back 0.59% today but still holding above the R1320 support level that's been meaningful over the past month. The financial sector's been under pressure lately, but this one's got room to run if it breaks back through R1370 on decent volume.
Old Mutual's modest 1.2% pop today doesn't change the underlying story: at current levels we're looking at a reasonable entry point for patient accumulation if you believe in their restructuring benefits and dividend recovery over the next two to three years. The insurance and we
OMU at R1344 is still wrestling with that insurance tail drag, but the wealth management division is printing money. Question is whether the market's pricing in enough improvement from the restructuring.
OMU dropping 0.96% today while the rand weakens - is this the market pricing in more currency headwinds on their offshore earnings, or just profit-taking before results?
OMU at R1378 is basically flat today while Sanlam's been getting hammered. Better risk management or just slower to react?