South Africa: Liberty Looking Cheap, But May Still Drop

analysis

Johannesburg — THE market has just received the annual results for the year to December -- and a trading update -- of Liberty Group with some warmness tempered by the overall gloomy investment mood. What this means is that the company's better-than-expected results barely moved its share price.

For those few who don't know what the group does, it's a financial services company whose core of operations is life assurance. Its other operations are managing assets, including unit trusts marketed directly and also linked to life assurance contracts, and managing and developing property. A few years ago its name was changed from Liberty Life Association to Liberty Group to emphasise that its spread of operations was wider than life assurance. It's still popularly called Liberty Life

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