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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
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Applause Applause Applause
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cnn
#2 Posted : Tuesday, August 13, 2013 10:38:32 AM
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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
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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
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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
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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
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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
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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
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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
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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
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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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the deal
#11 Posted : Tuesday, August 13, 2013 3:10:10 PM
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Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
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

d'oh! rather whats the P/NAV of this thing?
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mwekez@ji
#12 Posted : Tuesday, August 13, 2013 3:24:12 PM
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Joined: 5/31/2011
Posts: 5,121
the deal wrote:
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

d'oh! rather whats the P/NAV of this thing?


d'oh! whats the P/EPS of this counter?
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mwekez@ji
#13 Posted : Tuesday, August 13, 2013 3:27:33 PM
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Joined: 5/31/2011
Posts: 5,121
xxxxx wrote:
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.


@xxxxx, Panafric indicated that 1H12 premiums included a 1.4bn bulk annuity. Excluding the 1.4 bulk annuity in 1H12 Gross Written Premium grew 16.67%y/y which is good.
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the deal
#14 Posted : Tuesday, August 13, 2013 3:29:38 PM
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Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
mwekez@ji wrote:
the deal wrote:
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

d'oh! rather whats the P/NAV of this thing?


d'oh! whats the P/EPS of this counter?

Laughing out loudly Laughing out loudly case closed.
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mwekez@ji
#15 Posted : Tuesday, August 13, 2013 3:31:37 PM
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Joined: 5/31/2011
Posts: 5,121
the deal wrote:
mwekez@ji wrote:
the deal wrote:
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

d'oh! rather whats the P/NAV of this thing?


d'oh! whats the P/EPS of this counter?

Laughing out loudly Laughing out loudly case closed.

Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly
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sorovi
#16 Posted : Tuesday, August 13, 2013 8:13:15 PM
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mibbz
#17 Posted : Wednesday, August 14, 2013 2:15:43 PM
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Posts: 448
i believe this presents a buy in opportunity for sanlam before the price shoots up post full year profits....all in all i see Sanlam buying out the smaller investors in the medium term pending insurance act ammendmented in sept;
while i acknowledge that the insurance business went down,other unlisted portfolios including runda phase 3 that is starting in H2 2013 shall lift this share towards ksh 100 by announcement of end of year 2013.dividend shall be at least 5 bob considering we got 3 bob this year....

All in all time to buy more stock awaiting the juicy returns in the medium term. what sayeth thee in wazua?
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mwekez@ji
#18 Posted : Wednesday, August 14, 2013 2:22:43 PM
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Posts: 5,121
mibbz wrote:
i believe this presents a buy in opportunity for sanlam before the price shoots up post full year profits....all in all i see Sanlam buying out the smaller investors in the medium term pending insurance act is ammendmented in sept;
while i acknowledge that the insurance business went down,other unlisted portfolios including runda phase 3 that is starting in H2 2013 shall lift this share towards ksh 100 by announcement of end of year 2013.dividend shall be at least 5 bob considering we got 3 bob this year....

All in all time to buy more stock awaiting the juicy returns in the medium term. what sayeth thee in wazua?


#BUY
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guru267
#19 Posted : Wednesday, August 14, 2013 3:20:40 PM
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Joined: 1/21/2010
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Location: Nairobi
BUY!!
Mark 12:29
Deuteronomy 4:16
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mwekez@ji
#20 Posted : Wednesday, August 14, 2013 4:30:13 PM
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Joined: 5/31/2011
Posts: 5,121
Rich Today wrote:
Startlingly good Numbers. The company has made more money H1 2013 than FY 2012.
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