Old Mutual oml now on the base line of an uptrend channel looks like it can do well over the months to come on the back of the rising optimism for financial stocks.

As resistance at 105p first and then 135p to negotiate.

Lower indicators RSI and ATR look positive.

82p

These came up on my list earlier in the week.

9 January 2012

Old Mutual appoints Ralph Mupita as Chief Executive of its Emerging Markets business

Old Mutual plc ("the Group") today announces that Ralph Mupita has been appointed Chief Executive of its Emerging Markets business following Kuseni Dlamini's decision to leave the company to pursue other business interests.

Ralph, who is currently Chief Executive of the Emerging Markets Life & Savings, will take up his new position on 1 February.

Paul Hanratty, Chief Executive of Old Mutual's Long Term Savings business, said: "I have no doubt that Kuseni will continue to contribute to South Africa's growth and prosperity as a business leader with a conscience and clear commitment to the country's global competitiveness agenda that he so passionately champions. Mr. Dlamini has continued to strengthen the business both in South Africa and other emerging markets and has put in place a strong leadership team and structure to lead the implementation of the OMEM strategic vision which he was very instrumental in developing. I am very pleased however to be able to appoint a replacement with the skills and expertise of Ralph and we are confident that he has the right expertise and experience to drive the Emerging Markets businesses growth."

Not much interest for these on here - going great guns since mid December.

Recent highs taken out this morning.

24 January 2012


Old Mutual Wealth Management and Retail Europe update

Old Mutual today announces that it will be combining its Wealth Management Continental Europe business (France and Italy) with the Skandia Retail Europe business unit (Germany, Austria, Poland and Switzerland).

This follows a strategic review of the businesses due to macro-economic and regulatory developments in the European long-term savings and investment markets and changes in customer preferences.

Paul Hanratty, Chief Executive of Old Mutual's Long-Term Savings business, said: "We concluded that the affluent long-term savings and investment market in Europe is attractive for Old Mutual. As a result, we have decided to combine the Wealth Management Continental Europe business and the Skandia Retail Europe business to create Wealth Management Europe."

Hein Donders has been appointed CEO of the new business unit, which will sit within Old Mutual Wealth Management, with immediate effect. Jonas Jonsson, currently CEO of Retail Europe, will work with Hein for several months to establish the new business unit, before assuming a new strategic role within Old Mutual.


Ends

GF - a close above 150 beckons ? :-)

May get it today!

Wots the forecast divi at 150p guys ?

Cheers

@2.64%

PROPOSED SALE OF OLD MUTUAL'S NORDIC BUSINESS


Old Mutual is proposing a special dividend of £1bn when it sells its Nordic businesses.

In December it announced it was selling its long-term savings and banking operations in Sweden, Denmark and Norway, to Skandia for a net cash consideration of £2.1bn.

The plan is being put to shareholders at a General Meeting on March 14.

Old Mutual intends to return approximately £1bn of net proceeds from the disposal to ordinary shareholders by means of a special dividend equivalent to 18p per share. It
plans to use the remaining £1.1bn of net proceeds, subject to regulatory approvals, to reduce indebtedness.

Old Mutual's capital flexibility will be enhanced by retaining an increased proportion of the cash flows expected to be generated from operational activity and other corporate actions planned for this year.

As at 31 January 2012, the Group had repaid approximately £600m of debt and, based on the use of net proceeds from the disposal, will meet its £1.5bn debt reduction target by the end of this year, subject to regulatory approvals.

The Group expects a total of approximately £1.7bn to be repaid under the Group's increased debt repayment plan.

Just closed here for +32.

22 February 2012

Old Mutual offer for Oceanic Life

Old Mutual plc today announces that a preliminary non-binding offer has been accepted by Ecobank Transnational Incorporated (ETI) for the acquisition of Oceanic Life, which was acquired by ETI in October 2011 as part of the Oceanic Bank Group.

Old Mutual and ETI are currently negotiating and finalising the relevant legal agreements; these agreements will incorporate the required conditions precedent for the transaction, including the relevant regulatory approvals from both a South African and Nigerian perspective.

Oceanic Life is a Nigerian life assurance company with a market share of 1.8% and a Net Asset Value of
US$16 million.

The acquisition would form part of Old Mutual's stated strategy of expanding its presence in sub-Saharan Africa.

Old Mutual plc


NEDBANK GROUP - AUDITED SUMMARISED FINANCIAL RESULTS FOR THE YEAR ENDED 31 DECEMBER 2011

Old Mutual plc announces that its majority-owned South African banking subsidiary Nedbank Group Limited ("Nedbank Group") released its audited summarised financial results for the year ended 31 December 2011 today, 29 February 2012.

The following is the full text of Nedbank Group's announcement:

"'Nedbank Group performed well in 2011, achieving a record level of headline earnings, but more work lies ahead to meet all medium-to-long-term financial targets.

These results were underpinned by continued delivery on our key strategic focus areas of repositioning Nedbank Retail, growing non-interest revenue (NIR) and implementing the portfolio tilt strategy. In the rest of Africa we deepened our strategic alliance with Ecobank by providing a facility in support of Ecobank's corporate development programmes, including its transformational banking acquisition in Nigeria, and in so doing secured rights to acquire up to 20% of Ecobank Transnational Inc within two to three years.

Despite the challenging environment, Nedbank Group is well positioned to build on the momentum from 2011 and meet its medium-to-long-term earnings growth target once again in 2012.'

Mike Brown
Chief Executive


Highlights

Headline earnings R6 184m up 26,2%
Diluted headline earnings per share 1 340 cents up 25,4%
Strong NIR growth R15 412m up 16,6%
Headline profit before tax increased 31,9%
ROE (excluding goodwill) increased to 15,3% (2010: 13,4%)
Capital adequacy further strengthened (core Tier 1: 11,0%)
Full-year dividend per share of 605 cents, up 26,0%

Update on Proposed Sale of Old Mutual's Nordic Business

Old Mutual plc ("Old Mutual") announced on 15 December 2011 that it had entered into an agreement to sell its Nordic business, comprising Old Mutual's long-term savings and banking operations in Sweden, Denmark and Norway, to Skandia Liv (the "Disposal").

Old Mutual welcomes the announcement this morning of regulatory approval for the Disposal from the Swedish Financial Supervisory Authority. Danish regulatory approval for the sale was confirmed on 2 March 2012.

Completion of the Disposal now remains conditional only on approval by Old Mutual shareholders at the General Meeting on 14 March 2012. Subject to that approval being given, completion of the sale is expected to occur on or around 21 March 2012.

We have today also announced a trading update on the Nordic business, which confirms that it has continued to benefit from its product depth and good operational performance. The trading statement is set out in the Appendix to this announcement.

As previously indicated, Nordic will be treated for accounting purposes as "held for sale" in our 2011 preliminary results, which will be released tomorrow. It will thus be excluded from Adjusted Operating Profit and reported under IFRS. We will also report on our cost savings and RoE targets excluding Nordic going forward.

Preliminary Results part 1.


Strong financial performance
· Profits up 14% at £1,515 million
· EPS up 13% to 15.7p
· Ordinary dividend up 25% to 5.0p
Positive foundation for growth
· Selected, high-return emerging markets: increasing Africa presence anchored by three strong South African businesses
· Low-risk, modern European business: leading UK platform, £20.1 billion FUM at 29 February, well positioned for Retail Distribution Review
· Our FGD surplus of £2.0 billion and liquidity headroom of £1.5 billion enables us to invest for profitable growth and reward shareholders
Strategic activities continue to pay dividends for shareholders
· Disposal of Nordic and Finnish businesses; closure of Switzerland to new business; disposal of Dwight and OMCAP
· Proposed special dividend of 18p; 7 for 8 share consolidation
· On track to meet or exceed all our 2012 targets

Telegraph – 21 minutes ago
Back in March 2009, Old Mutual (LSE: OML.L - news) was what you might call an undesirable investment.

Old Mutual

164.6p

Questor says BUY

The financial conglomerate had scrapped its dividend after running into difficulties linked to an overzealous acquisition drive and looked set for a tough few years as it grappled with a complex, sprawling structure.

Since then, the FTSE 100 (Euronext: VFTSE.NX - news) group's management team led by chief executive Julian Roberts has slimmed down the business, exited markets and taken steps to pay down debt.

Last year, Old Mutual saw operating profits rise 14pc to £1.5bn, allowing the company to announce earnings per share up 13pc to 15.7p and a total dividend up 25pc to 5p.

Curiously, Mr Roberts said the group is also poised to expand its interests in Africa, close to its domestic base of South Africa. The move is being designed to take advantage of high-growth economies such as Nigeria, where market penetration is low for financial providers such as Old Mutual.

Old Mutual's shares have risen by almost 20pc over the past year, against a flat FTSE 100. The group currently yields an attractive 3pc a figure forecast to grow to more than 3.4pc over the next year.

The shares are a classic recovery play and should continue to benefit as its structure is simplified. Its (Euronext: ALITS.NX - news) focus on Africa should also entice daring investors.

..

Interim Management Statement.

Business improvement continues

· Funds under management in core operations up 6% to £284.2 billion

· NCCF of £3.7 billion, USAM NCCF £2.5 billion

· Sale of Nordic completed for £2.1 billion

Interim Results part 1

Thankyou "skinny" for all your help.

Nedbank Group - Third Quarter 2012 Trading Update

Nedbank Group Limited ("Nedbank Group"), the majority-owned South African banking subsidiary of Old Mutual plc, released their third quarter 2012 trading update today, 29 October 2012.

The following is the full text of Nedbank Group's announcement:

""Against the background of a slowdown in global economic growth and an increasingly challenging economic environment in South Africa, Nedbank has continued to focus on delivering on its key strategic focus areas.

Our balance sheet remains well capitalised and liquid, and we are delivering sustainable value to all our stakeholders comprising staff, clients, shareholders, regulators and communities. In this regard we fully support initiatives to ensure responsible lending by all service providers in the unsecured lending market.

Importantly, the group is still on track to achieve its earnings growth target in 2012, notwithstanding the more challenging economic environment".

Interim Management Statement

Further strategic progress and a resilient operational performance

· Funds under management in core operations up 4% to £263.3 billion
· Q3 NCCF outflows narrowed to £(0.5) billion from £(5.4) billion
· Continued business improvement and strategic delivery:

o £1.5 billion debt repayment target met;
o Further repositioning of USAM affiliate portfolio;
o Reorganisation of Old Mutual Wealth;
o Finnish sale completed; Austrian and German operations closing to new business;
o Terms agreed for Nigerian P&C acquisition from Ecobank for around $20 million.

Breakout.......

OML Old Mutual

Broker Buy List.......

Date Company Name Broker Rec. Price Old target price New target price Notes

20 Nov Old Mutual PLC Deutsche Bank Buy 182.65 195.00 195.00 Reiterates
20 Nov Old Mutual PLC UBS Buy 182.65 205.00 205.00 Retains
14 Nov Old Mutual PLC RBC Capital Markets Sector Performer 182.65 - - Reiterates
07 Nov Old Mutual PLC Shore Capital Hold 182.65 - - Reiterates
06 Nov Old Mutual PLC JP Morgan Cazenove Overweight 182.65 192.00 186.00 Reiterates
12 Oct Old Mutual PLC Goldman Sachs Buy 182.65 208.00 227.20 Retains

Come on you little bastards.

I think this share appears undervalued

24-Jan-13 Deutsche Buy 186.80p 205.00p 205.00p Reiteration
20-Nov-12 UBS Buy 170.10p 205.00p 205.00p Reiteration

Black Rock have raised their hold in shares and CFDs on 18-1-2013 to 244,654,440 (5.00%)


Earnings forecasts seem to vary from one analyst to another.



Date / Time: 25/01/2013 / 10:32

Bid price: 187.00 p
Offer price: 187.20 p

Dividend price: 1.75
Dividend- Ex-date: 24-Oct-12
Dividend yield: 2.68%
Dividend cover: 2.16

Latest P/E: 17.30 Project/e 10.48
Latest PEG: N/A

Market Cap: £9,160.06m
Volume: 839,284


I have bought a few SB and have a holding as shares but DYOH.






">

This one is beginning to show promising signs of life.

Maybe based on :

http://www.digitallook.com/news/2771/Is_Now_The_Time_To_Buy_Old_Mutual_.html?storysrc=motleyfool

Preliminary Results Part 1

Strong financial performance

· IFRS AOP up 18% to £1,614 million, driven by strong performance in Emerging Markets and Nedbank
· Positive Group NCCF at £5.0 billion, FUM at £262.2 billion
· Proposed final dividend of 5.25p; total dividend of 7.00p; up 2.00p or 23% in cash terms
· Targeting dividend cover of 2.25x IFRS AOP earnings in future
A reshaped business
· 2010 targets achieved: £1.52 billion of debt repaid; £133 million of cost reductions; LTS ROE of 20%
· Strong capital position; a significantly de-risked business
Focused on growth
· Broad exposure to fast growing South African emerging middle-class
· Good progress on growing our African footprint; R5 billion set aside to support this growth
· Targeting £300 million AOP from Old Mutual Wealth by 2015 (2012 AOP: £195 million)

Nedbank Group - First Quarter 2013 trading update

Nedbank Group Limited ("Nedbank Group"), the majority-owned South African banking subsidiary of Old Mutual plc, released its first quarter trading update today, 3 May 2013.

The following is the full text of Nedbank Group's announcement:

""Nedbank Group produced a solid performance in the first quarter of 2013, maintaining momentum in transactional NIR growth and expansion of the net interest margin. The adverse trend in the last quarter of 2012 of elevated consumer indebtedness and concerning unsecured lending market dynamics continued into 2013, leading to higher levels of retail impairments compared to the first quarter of 2012.

In line with one of our strategic focus areas of expansion into the rest of Africa, we have entered into an agreement, subject to the required regulatory approvals, to acquire an initial 36% share in Banco Unico with the stake increasing to a majority shareholding over time. Banco Unico is the sixth largest bank in Mozambique and strengthens Nedbank Group's position in SADC and East Africa.

Although we are cautious in our outlook for the year, Nedbank Group remains on track to achieve its medium to long term earnings growth target in 2013."

Interim Management Statement

A good first quarter with positive NCCF in all businesses

· Funds under management up 7% to £288.4 billion
· Net Client Cash Flow of £3.9 billion, representing an annualised 6% of opening FUM
· Gross Sales are up 14% in the life and savings businesses
· Africa expansion progress:
o Nigerian life insurance business gaining customers and recording sales for the first time
o Terms agreed for Nigerian general insurance acquisition
o Nedbank acquires a stake in a Mozambican bank

#.#

I added a small amount of these to IsA and SBs. to-day and few days ago.



I think chart shows a double bottom and MACD is positive.

Also think reported Fundamentals support price 195 - 205 +

Looks OK/

But DYOH

Technicaly it is looking good Fred.

A hedge fund manager I know tipped it at just over 170p only a few days back.

Old Mutual plc

Ref 277/14

5 November 2014



OM ASSET MANAGEMENT THIRD QUARTER RESULTS


OM Asset Management (OMAM), the majority owned subsidiary of Old Mutual plc, today reports its results for the third quarter and nine months ended September 30, 2014.



The following is an extract from the OM Asset Management announcement. Access to the full announcement is available via the Old Mutual corporate website - www.oldmutual.com



"OMAM Reports Financial and Operating Results for the Third Quarter Ended September 30, 2014

· Economic net income of $37.6 million ($0.31 per share) for the quarter, up 19% from the comparative quarter in 2013
· Nine month economic net income of $104.3 million ($0.87 per share), up 16% from the comparative period in 2013
· U.S. GAAP earnings of ($1.7) million for the quarter and $17.4 million for the nine months ended September 30, 2014
· AUM of $214 billion at September 30, 2014, up 16% from September 30, 2013
· Net client cash flows of $3.1 billion for the quarter and $5.7 billion for the year-to-date
· Partial exercise of IPO Green Shoe for 2,231,375 shares



London - November 5, 2014 - OM Asset Management plc (NYSE: OMAM) today reports its results for the third quarter and nine months ended September 30, 2014.

Old Mutual hikes H1 profit

OML

06/08/2015


StockMarketWire.com

Old Mutual/ has booked an H1 pretax profit of £683m, from £564m. Revenue was £1.59bn, from £1.62bn. Interim dividend was 2.65p a share, up 8% on the year. Funds under Management totalled £335.7bn, up 5% on the year.

CEO Julian Roberts commented:

"This has been an exceptional six months for Old Mutual. Last year, we reallocated significant capital to buy quality businesses in our core markets. This year is about ensuring that these investments are fully integrated and making the returns we expect. We have an absolute focus on achieving this, while being a responsible business.

"Our businesses in South Africa continue to perform very well in the context of challenging economic conditions in large emerging markets. Old Mutual in South Africa grew profits by 14%, Nedbank grew its headline earnings by 16% and we are making good progress on these businesses working more closely together.

"Old Mutual's Rest of Africa businesses are growing strongly, with profits up 31%, and Nedbank's Rest of African division has seen very significant growth through the acquisition of a 20% stake in ETI.

"In the UK, we are seeing further proof that we have the right business model and believe we will be a net beneficiary from the ongoing reform in the pensions market.

"Pressure to deliver full access to pension freedoms, including drawdown for beneficiaries of a pension, creates additional opportunities for Old Mutual Wealth as one of the leading retail investment businesses. Nevertheless, I believe that the Government must balance pension liberalisation with the need for individuals to save for their retirement.

"This is the last set of results I will present as Group Chief Executive of Old Mutual. I am delighted to be able to pass on the stewardship of the Group to my successor when it is in such robust health.

"While we expect the next six months to be challenging for emerging markets, and exchange rate movements will likely temper sterling reported growth, I am confident that by remaining focused on meeting our customers' needs and improving the operating efficiencies of the business we will continue to make good progress."



Story provided by StockMarketWire.com

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Taking a pasting today no news out that I can see.
2517

Must be the weakness of the Rand v $
2517

ONDON (ShareCast) - (ShareCast News) - Shares (Berlin: DI6.BE - news) in Old Mutual (Other OTC: ODMTY - news) , which generates a large chunk of its profits from South Africa, slumped on Thursday as a broker downgrade and weaker rand weighed on the stock. The rand fell near it lowest level against the dollar since 1971 after South Africa's president unexpectedly sacked finance minister Nhlanhla Nene.
RBC Capital Markets downgraded its stance on the stock to 'underperform' from 'sector perform' and cut the price target to 180p from 200p.
It (Other OTC: ITGL - news) said dual-listed Old Mutual is a complex group with significant currency exposure and the bank has concerns around investors' attitude to the Solvency II coverage ratio, which it expects will be towards the lower end of the peer group.
"In Africa, Old Mutual has significant growth opportunities, but the foreign-exchange headwind of such significant exposure to the rand will hold back the share price," said RBC (Other OTC: RBCI - news) .
At 0937 GMT, shares in Old Mutual were down 5.9% to 183.90p.

Thanks Fred, I did see the finance minister had been sacked on the morning news and the Rand was weak v $, fall continued and looks overdone BWDIK.
2517

Old Mutual responded to weekend press speculation with anything but clarity on Monday, releasing a short statement to the market.

The FTSE 100 insurance and finance group was said by numerous Sunday newspapers to be planning a £9bn split into numerous standalone companies, which could lead to a takeover battle for some of its biggest operations.

On Monday, the company said all options for its future were being considered as part of the strategic review announced when chief executive Bruce Hemphill in November last year, but no decision had yet been made.

Finals http://www.moneyam.com/action/news/showArticle?id=5231367

What's going on here - looks incredibly weak. I'm getting tempted

I find this share a b, to judge.

Expecting 220 but never getting it.


Zut.

Support at 191p then buy it?

I'm more tempted around 180p but can't understand it's weakness in relation to it peers.

I shall wait for the moment