Trade Old Mutual with Unum Capital.
To get started, email lester@unum.co.za
Rebounding in line with view via previous post (15 January): OLD MUTUAL: Oversold + Approaching Prior Swing Low. Also rebound in with model reading this past Friday 24 January: "Expect a small rebound".
Previous Post (15 January at 10h42): OLD MUTUAL: Oversold + Approaching Prior Swing Low
Q: What is the overall trend of Old Mutual? A: The overall trend of Old Mutual appears to be weak, with selling pressure evident. However, there is a probability of a small rebound.
Q: What is the current 7-day trend? A: The current 7-day trend for Old Mutual is oversold.
Q: What is the current 14-day trend? A: The current 14-day trend for Old Mutual is very bearish.
Q: Is there any opportunity for a short-term buy/long position? A: Yes, the reward-to-risk is becoming attractive for a small buy/long position.
Q: What is the advice for the medium term (2 to 4 weeks)? A: For the medium term, the advice is to wait for lower time frames to stabilize before taking any aggressive selling action.
Q: What is the advice for the long term (5 to 8 weeks)? A: The share has been weak however, there is a possibility of a small rebound.
Summary: The Old Mutual price action model indicates a weak overall trend with oversold and very bearish short-term trends. Despite this, there's a potential opportunity for a small buy/long position due to the improving reward-to-risk ratio. For the medium term, it's recommended to wait for lower time frames to stabilize before aggressive selling. In the long term, the share has been weak however, there is a possibility of a small rebound.
Previous Post: OLD MUTUAL Discount Relative To Sector Peers + Emerging From A Technical Base
The most appropriate metric to value insurers is 'price to embedded value'. One could also consider price to book, price to earnings and dividend yield.
Thursday 05 December 2024 (Time: 10h52)
The most appropriate metric to value insurers is 'price to embedded value'.
One could also consider price to book, price to earnings and dividend yield.
Relative to it's peer group OMU is trading at a discount.
OMU Price to Book Value (1.01x) vs SLM at 2.02x and MTM at 1.46x
OMU Price to Earnings Ratio (6.5x) vs SLM at 11.9x and MTM at 10.3x
OMU Dividend Yield (6.3%) vs SLM at 4.4x and MTM at 4.05x
OMU has previously been discussed in the following posts:
Lester Davids
Analyst: Unum Capital
댓글