MyMoney Online

Why buying Old Mutual shares is a great investment right now

The Money Show’s Bruce Whitfield interviewed Jonathan du Toit, Portfolio Manager at Truffle Asset Management.

Du Toit chose the following two companies for our weekly “Stock Pick Monday” feature:

  • Old Mutual

  • Pan African Resources

Scroll down for quotes from the audio below.

Old Mutual’s UK wealth business is trading at a P/E of 8. We think the intrinsic value is about 50% higher than its share price.

Jonathan du Toit, Portfolio Manager at Truffle Asset Management

Pan African Resources is making good profits. It’s trading at a P/E of 6.8.

Jonathan du Toit, Portfolio Manager at Truffle Asset Management

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This article first appeared on 702 : Why buying Old Mutual shares is a great investment right now


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