Our opinion on the current state of OUTOUTsurance (OUT) assumed the listing of Rand Merchant Insurance (RMI) effective from 7th December 2022. Following this transition, RMI divested its interests in Discovery (DSY) and Momentum (MTM), and divested its 30% stake in Hastings Plc for R14.6 billion. By March 2023, the insurance business of
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0.12USD
154.20 MUSD
1.38 BUSD
847.01 M
About OUTSURANCE GROUP LIMITED
Sector
Industry
CEO
Marthinus Visser
Website
Headquarters
Johannesburg
Employees (FY)
35 K
Founded
1977
ISIN
ZAE000314084
FIGI
BBG00N5R9G63
OUTsurance Group Ltd. engages in the operation of financial investment services. It operates through the following segments: Discovery, MMI, OUTsurance, Hastings, and Other. The Discovery segment refers to pre-eminent development of financial services products and operates under the Discovery Health, Discovery Life, Discovery Insure, Discovery Invest, Discovery Vitality, VitalityHealth, VitalityLife, and Ping An Health brands. The MMI segment provides life insurance, employee benefits, investments and savings, healthcare solutions, and short-term insurance to individual clients, small and medium businesses, large companies, organizations, and public enterprises. The OUTsurance segment offers short and long-term insurance products in South Africa, and short-term insurance products in Australia, New Zealand, and Namibia. The Hastings segment supplies private vehicles and other forms of personal insurance cover. The Other segment includes RMI, RMI Investment Managers, AlphaCode investments, and consolidation entries. The company was founded in 1977 and is headquartered in Johannesburg, South Africa.
OUTOutsurance Group (OUT) | The share has been in a gradual upward trend, with a multi-month consolidation at/near 52-week/all-time highs. The price action and specifically the candle structure has been negative however has started to show (very) early signs of improvement. Two additional positives to
How does OUTsurance have Data from 2013?“How is it possible for Outsurance to have data on my charting platform, as far back as 2013 while it was just listed on the JSE.”
A. The data that you see from 2013, came from the parent company Rand Merchant Investment Holdings (RMI).
They then changed the name to OUTsurance Group Holdings Lim
Our opinion on the current state of OUTOutsurance (OUT) took over the listing of Rand Merchant Insurance (RMI) with effect from 7th December 2022. RMI unbundled its stakes in Discovery (DSY), and Mommet (MTM) and sold its 30% stake in Hastings Plc for R14,6bn. By March 2023, all that was left was the insurance business of Outsurance. In
TARGET REACHED: Outsurance to R39.10 - Watch outMy first target reached at R39.10.
A Cup and Handle formation revealed and broke out on 10 July 2023. It's been a bit of a hold, but the price continued to make higher lows and higher highs.
This is the best case scenario for a long buying trade. The thing is, what's next?
We could get a bit of
$JSEOUT - OUTsurance: Should Have Stayed InThe stock is again proving its resilience.
I was expecting and a fairly large correction after the five wave advance from 939 to 3759.
Based on current price action, the correction looks complete at 3075.
I have updated the wave count to show the full trading history.
Buy the dips above 3075
OUT - Sell/Short Reward-To-Risk Appealing?For more research insights, including trade ideas, get in touch today.
Early today, at 12:06pm (at 3723c), I published the following idea for our clients:
Speculative Trading Opportunity. The short term price trend is strong hence the share could trade higher before starting to develop a topping s
See all ideas
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Frequently Asked Questions
The current price of RMRHF is 1.87 USD — it has increased by 13.33% in the past 24 hours. Watch Rand Merchant Invt Hldgs Ltd. stock price performance more closely on the chart.
Depending on the exchange, the stock ticker may vary. For instance, on OTC exchange Rand Merchant Invt Hldgs Ltd. stocks are traded under the ticker RMRHF.
RMRHF stock hasn't changed in a week, the last month showed zero change in price, over the last year there was no change in Rand Merchant Invt Hldgs Ltd. price.
We've gathered analysts' opinions on Rand Merchant Invt Hldgs Ltd. future price: according to them, RMRHF price has a max estimate of 2.71 USD and a min estimate of 2.28 USD. Watch RMRHF chart and read a more detailed Rand Merchant Invt Hldgs Ltd. stock forecast: see what analysts think of Rand Merchant Invt Hldgs Ltd. and suggest that you do with its stocks.
RMRHF reached its all-time high on Feb 22, 2019 with the price of 2.31 USD, and its all-time low was 1.50 USD and was reached on May 28, 2020. View more price dynamics on RMRHF chart.
See other stocks reaching their highest and lowest prices.
See other stocks reaching their highest and lowest prices.
RMRHF stock is 11.76% volatile and has beta coefficient of 0.37. Track Rand Merchant Invt Hldgs Ltd. stock price on the chart and check out the list of the most volatile stocks — is Rand Merchant Invt Hldgs Ltd. there?
Today Rand Merchant Invt Hldgs Ltd. has the market capitalization of 3.32 B, it has increased by 0.24% over the last week.
Yes, you can track Rand Merchant Invt Hldgs Ltd. financials in yearly and quarterly reports right on TradingView.
Rand Merchant Invt Hldgs Ltd. is going to release the next earnings report on Sep 17, 2024. Keep track of upcoming events with our Earnings Calendar.
RMRHF net income for the last quarter is 103.25 M USD, while the quarter before that showed 82.00 M USD of net income which accounts for 25.92% change. Track more Rand Merchant Invt Hldgs Ltd. financial stats to get the full picture.
Rand Merchant Invt Hldgs Ltd. dividend yield was 3.97% in 2023, and payout ratio reached 70.84%. The year before the numbers were 2.35% and 4.48% correspondingly. See high-dividend stocks and find more opportunities for your portfolio.
As of May 31, 2024, the company has 35.00 K employees. See our rating of the largest employees — is Rand Merchant Invt Hldgs Ltd. on this list?
Like other stocks, RMRHF shares are traded on stock exchanges, e.g. Nasdaq, Nyse, Euronext, and the easiest way to buy them is through an online stock broker. To do this, you need to open an account and follow a broker's procedures, then start trading. You can trade Rand Merchant Invt Hldgs Ltd. stock right from TradingView charts — choose your broker and connect to your account.