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.

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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