DELTA LLOYD
200DMA Bounceola
Delta Lloyd: 200DMA Bounceola
- Cheap relative to the sector and market.
- However it has had a tough time recently and is unloved.
- It has a lot of positives RoEs are expected to increase to a very healthy 17.2% in ’15, and offering a divi yield of around 5.3%.
- As a name the big story is capital generation which is under appreciated we feel.
- This is a name we like MT and feel this is a good entry point if it holds the 200 mda.
- It has bounced of this level repeatedly in the past and moved on.