JU
julianreins@julianreins_jse·Bearish
Been holding OMU for the dividend yield and the asset management upside, but the life insurance margin compression is real. At 12.82 today that's not unreasonable if they can stabilize the UK business, but the net result flows are what I'm watching in the next couple of earnings. Not convinced yet that the restructuring actually fixes the problem versus just cost-cutting for a quarter or two.