Anthea Gardner – The Money Shot 14.03.16
Buy on rumour, sell on fact... Old Mutual was up almost 12% since the rumour of them splitting up the business and down 3% on Friday after the results presentation. EOH reported results last week and remains a holding in our portfolio. Rand Merchant Insurance also released results showing that OUTsurance earnings grew 25% in 1H16. Meanwhile, it looks like we’re expecting a 25bps rate hike on Thursday when SARB MPC meet.