A Pairs Trade: Long Old Mutual and Short Sanlam

If you have ever travelled along a road that meanders alongside a river, you will find that occasionally the road must divert away from the river, perhaps because of the terrain. However, eventually the road reverts back to its position parallel to the river. We can speak of the road and the river as having a correlated relationship.

Liberty CEO Thabo Dloti talks results

Liberty Holdings released its interim results today, reporting a 10% increase in BEE normalised headline earnings per share, a 19.9% return on BEE normalised equity, and a 9% increase in its interim dividend. Liberty has a current market cap of R37.8 billion and a price to earnings ratio of 8.46. Its share price is up 13.5% … Read more