Sunday Times

from Sentio Capital chose Old Mutual

- Imtiaz Suliman

● “I’m going with Old Mutual. It is quite a large company and they were impacted quite significan­tly from the hard lockdowns but subsequent­ly we’ve seen a rebound in consumer activity — the reopening of the economy. They’ve also made significan­t provisions for the Covid mortality deaths and I think if that comes in as expected in terms of their modelling assumption­s you could see quite a significan­t release of those provisions as well as the rebound in economic activity, and they could make the earnings number that they did in 2019 two years out from now.”

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