Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Regular readers will know I am a fan of spin-offs and I loved up the opportunity in Quilter (QLT) which was spun-out of Old Mutual (OMU) a little over thirteen months ago, most recently in this article here. From my original piece it has not been the greatest call but given that any wealth manager is a geared play on the financial markets to some degree (recurring fees are levied on portfolio values typically) there has been plenty of trading scope – getting yourself some Quilter shares for Christmas late last year would have been nicely remunerative. Today's half-year numbers have their good and bad components…
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