Get started
OUTSURANCE GROUP LIMITEDOUTSURANCE GROUP LIMITEDOUTSURANCE GROUP LIMITED

OUTSURANCE GROUP LIMITED

No trades
See on Supercharts
Overview Financials News
Ideas
Discussions Technicals Forecast Seasonals

OUT trade ideas

Our opinion on the current state of OUTSURE(OUT)OUTsurance (OUT) took over the listing of Rand Merchant Insurance (RMI) with effect from 7th December 2022. RMI unbundled its stakes in Discovery (DSY) and Momentum (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 its results for the six months to 31st December 2024, the company reported gross written premiums up 17,4% and new business up 17,9%. Embedded value rose by 6,8% to 1969c per share. The company said, "In response to the lower inflationary environment, interest rates and our investment income generation will be adversely impacted. These macroeconomic trends will, however, support a more favourable real growth outlook for the South African and Australian operations." Technically, the share has been climbing steadily since the unbundling, and we believe it will continue to perform. We added it to the Winning Shares List (WSL) on 15th June 2024 at a price of 4457c. It has since risen to 6364c, but it is looking "toppish" now and may be in for a downward trend.
JSE:OUT
by PDSnetSA
Our opinion on the current state of OUTSURE(OUT)OUTsurance (OUT) took over the listing of Rand Merchant Insurance (RMI) with effect from 7th December 2022. RMI unbundled its stakes in Discovery (DSY) and Momentum (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 its results for the year to 30th June 2024, the company reported earnings up 20.3% and a special dividend of 40c per share. Earnings per share (EPS) rose to 265.5c compared to 194.5c in the previous period. The company said, "The Group sold its stake in AutoGuru, an Australian-based associate, for R68 million. OHL acquired Youi shares from a minority shareholder for AUS$42.5 million, thereby increasing its stake in Youi from 92% to 94.6%. The Group capitalised its Irish subsidiary with a total of R1 870 million (€91.1 million)." In a trading statement for the six months to 31st December 2024, the company estimated that HEPS would increase by between 42% and 48% due to, "...significantly lower natural perils claims incurred compared to the six months ended 31 December 2023 (comparative period) by particularly Youi and also OUTsurance SA; the strong premium growth of the operating segments." Technically, the share has been climbing steadily since the unbundling, and we believe it will continue to perform. We added it to the Winning Shares List (WSL) on 15th June 2024 at a price of 4457c. It has since risen to 7034c - a gain of 57.8% in just over 8 months.
JSE:OUT
by PDSnetSA
$JSEOUT - OUTsurance: Bulls Take A Much Needed BreatherSee link below for previous analysis. The bulls proved to be more dominant than i anticipated and took the stock to new all time highs. This has prompted an update of the five wave impulse move from March 2020 to 4600 cps. The bulls appear to be taking a breather for wave which has been a shallow correction thus far, further indicating that they are still in charge. Though hard to say where the low will be at this stage, the outlook is still bullish.
JSE:OUTLong
by Loyiso_BlaqueSoros_Mpeta
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 OUTsurance remained as the sole focus of RMI. In its financial results for the six months ending 31st December 2023, OUTsurance reported a 22.5% increase in gross written premiums and a notable 38.8% rise in the annualised new business premium. The company attributed the increase in the claims ratio, from 54.4% to 59.1%, to R678 million in higher natural perils claims incurred by Youi. However, it noted that Youi's working loss ratio, excluding natural perils, improved from 51.9% to 50.8%, indicating that the deterioration was entirely accounted for by the higher natural perils. From a technical standpoint, while currently at a cycle low, OUTsurance's share price has been steadily climbing since the unbundling, and the outlook suggests continued positive performance ahead.
JSE:OUT
by PDSnetSA
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 note: (1) the development of a falling wedge candle formation and (2) the 14-day RSI clearing it's downward trend which extends back to 14 November. Positive momentum above 4320c opens up the 4850c range as a medium term target.
JSE:OUTLong
by techpers
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 Limited (OUT). And they have been in the process of transitioning and rebranding from RMI to OUT following the unbundling of its investments in Discovery1. And now, the Centurion-based insurer has officially swapped places with its parent company, Rand Merchant Investment Holdings (RMI), which is no longer listed on the exchange.
JSE:OUTEducation
by Timonrosso
1
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 its results for the year to 30th June 2023 the company reported a 62,1% increase in normalised earnings per share (EPS) from continuing operations. The company said, "On an aggregated basis, Youi delivered strong gross written premium growth of 31.4% and 21.5% measured in Rand and Australian Dollar terms respectively". Technically the share has been climbing steadily since the unbundling and we believe it will continue to perform.
JSE:OUT
by PDSnetSA
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 a retracement here in a consolidation manner. This is where retail traders sell off their profits and other traders start prepping for the next upside. Once the pattern forms, breaks out - I'll let you know.
JSE:OUTLong
by Timonrosso
1
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 structure followed by a bearish reversal. While currently 'strong', the following factors may point to the current upside reward-to-risk being unattractive, opening up a sell/short trade, with the following as key drivers: (1) Trading at 2x standard deviation (2SD) over 50 days (2) the 7-day and a 14-day RSI are at 92 and 81 respectively (3) the overbought conditions are occurring at a prior resistance level, following a significant short term price advance. The yellow price candles represent a best probability price action scenario over the short term, which a trader could consider. The probabilities are based on several factors which may include: short term rating, medium term regime, momentum, support/resistance, candle structure, moving averages and standard deviation among others. These are short term views and may be in contrast to medium and long term outlooks which are based on the weekly and monthly charts. These scenarios are subject to change based on sentiment, subsequent price action and company specific or macro news flows. Time Stop: 19 September 2023 TRADING LEVELS: Entry: 3723c Target: 3495c Stop-loss: 3880c
JSE:OUTShort
by techpers
Outsurance OUTperfoming JSE - Target R38.88Cup and Handle has formed on this volatile stock. The price has broken above the brim level and it looks like, it wants to rally. Other indicators confirm upside momentum 7>21>200 RSI>50 - Higher lows Target 1 will be at R38.88. We can expect higher, but I'm happy with a 1:1.78 R:R. CONCERNS: The JSE ALSI 40 just broke below the Symmetrical Triangle. This is bearish for the top 40 companies. And usually the BITs follow (Banks, Insurance and Telecomms). However, the must be a reason for the buying with Outsurance, maybe because of the new listing and investors are excited. ABOUT THE COMPANY Outsurance is a leading insurance company based in South Africa. Founding: Outsurance was founded in 1998 as a part of the Rand Merchant Investment Holdings Group (RMIH). Pioneer: It was the first South African insurer to offer a cash OUTbonus, a cashback bonus system, to policyholders who remain claim-free for a period of time. Services: The company offers various insurance products including car, home, life, and business insurance. Geographical Presence: In addition to its South African operations, Outsurance also has a presence in Australia, where it operates under the name "Youi." Innovative App: Outsurance has a mobile app that allows customers to manage their policies, submit claims, and track emergency assistance when needed.
JSE:OUTLong
by Timonrosso
JSEOUT - Channel Price has been well supported off the the 200dma and channel bottom and is reaching an area of interest. The recent cup and handle may bode well for the bulls to attempt a break out through R35-36 else a fade trade may result. The cup and handle pattern is a bullish continuation pattern that looks like a cup and handle where the cup is in the shape of a “U” and the handle has a slight downward drift. It usually occurs when there is a decline in the price of an asset, followed by a stabilizing trading period, and finally, a rally that is approximately equal to the earlier decline. The price of the asset moves sideways or drifts downwards within a set channel.
JSE:OUT
by Trader-Dan
$JSEOUT - OUTsurance: To Stay In Or Get Out?**Changed from RMI to OUT from 07/12/2022. The group released its first trading update as OUT for the six months ended 31/12/2022 and it is a must read for anyone looking at OUT as an investment or trade. The technical outlook though contains a warning that a long overdue correction is imminent. The share has enjoyed a stellar run, gaining over 290% from the March 2020 low of 938 zac and has shown defensive qualities with very shallow consolidation and wave (2) and a very brief pullback in wave (4). The Elliott Wave structure though shows that the stock is currently trading in the fifth and final wave of the five wave sequence labelled wave (1) to (5). Once wave (5) is complete, which is impossible to say at this juncture, we can expect a more sizeable correction in three waves. A further trading statement will be released on SENS as soon as OGL has reasonable certainty on the ranges of the expected EPS, headline earnings per share and NEPS for the current period. OGL’s financial results for the six months ended 31 December 2022 are expected to be released on SENS on Wednesday, 22 March 2023. Until then, I sit on my hands on this one.
JSE:OUT
by Loyiso_BlaqueSoros_Mpeta
1