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Pan Africa Insurance 1H13 PAT jumps 266%
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mwekez@ji
#1 Posted : Tuesday, August 13, 2013 10:16:44 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
Applause Applause Applause
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cnn
#2 Posted : Tuesday, August 13, 2013 10:38:32 AM
Rank: Veteran

Joined: 6/17/2009
Posts: 1,627
E.P.S at six months 8.34 versus 2.27.The improvement from fair value gain in unlisted investment.
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mwekez@ji
#3 Posted : Tuesday, August 13, 2013 10:41:43 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
Very very good run rate. Remember last year they recorded 199% jump in PAT.
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Surealligator
#4 Posted : Tuesday, August 13, 2013 11:44:53 AM
Rank: User

Joined: 6/27/2008
Posts: 709
Location: Velayat-e Faryab
cnn wrote:
E.P.S at six months 8.34 versus 2.27.The improvement from fair value gain in unlisted investment.


@cnn, which are these unlisted investments and will they translate to dividends at the end of the year? The South Africans are making inroads into Kenya finally.
Go overdrive in purchasing the goods when there's blood on the streets, expecially if the blood is your own
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the deal
#5 Posted : Tuesday, August 13, 2013 11:51:45 AM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
The run rate is unsustainable....how much of their land bank in Runda is remaining? Embedded Value at Ksh4.9bn...Market Cap at Ksh5.8Bn...its already trading at a premium.
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mlennyma
#6 Posted : Tuesday, August 13, 2013 12:04:12 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
Political risk boom.my cfci dont let me down
"Don't let the fear of losing be greater than the excitement of winning."
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mibbz
#7 Posted : Tuesday, August 13, 2013 12:25:33 PM
Rank: Member

Joined: 2/18/2011
Posts: 448
any interim div? huge volumes being traded today!! it has so far moved 140k shares....thats almost what has been traded whole of july
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mwekez@ji
#8 Posted : Tuesday, August 13, 2013 12:47:03 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
mibbz wrote:
any interim div? huge volumes being traded today!! it has so far moved 140k shares....thats almost what has been traded whole of july


No interim div in line with the company dividend policy. sweet div awaiting shareholders at end year.
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mwekez@ji
#9 Posted : Tuesday, August 13, 2013 12:50:21 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
the deal wrote:
Embedded Value at Ksh4.9bn...Market Cap at Ksh5.8Bn...its already trading at a premium.


@the deal, you should know that insurer is worth more than its Embedded Value.

Quote:
Embedded value is a conservative measure of the insurer's value in the sense that it only considers future profits from existing policies and so ignores the possibility that the insurer may sell new policies in future. It also excludes goodwill. As a result the insurer is worth more than its EV.

http://en.wikipedia.org/wiki/Embedded_value
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xxxxx
#10 Posted : Tuesday, August 13, 2013 3:00:53 PM
Rank: Member

Joined: 3/20/2008
Posts: 503
mwekez@ji wrote:
the deal wrote:
Embedded Value at Ksh4.9bn...Market Cap at Ksh5.8Bn...its already trading at a premium.


@the deal, you should know that insurer is worth more than its Embedded Value.

Quote:
Embedded value is a conservative measure of the insurer's value in the sense that it only considers future profits from existing policies and so ignores the possibility that the insurer may sell new policies in future. It also excludes goodwill. As a result the insurer is worth more than its EV.

http://en.wikipedia.org/wiki/Embedded_value


@Mwekezaji, are you not concerned abt the 30% fall in GROSS premiums?? Frankly speaking, these guys did not do any business during the 6 months. It's like they decided to sit back and run off the bad policies that they wrote in previous periods going by the significant decline in insurance liabilities.
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