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Pan Africa Insurance 1H13 PAT jumps 266%
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Ericsson
#21 Posted : Wednesday, August 14, 2013 4:40:03 PM
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The improvement from fair value gain in unlisted investment is due to the stake they hold in Family Bank
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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mwekez@ji
#22 Posted : Wednesday, August 14, 2013 5:02:08 PM
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Ericsson wrote:
The improvement from fair value gain in unlisted investment is due to the stake they hold in Family Bank


How many Family Bank shares do they have?
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Ericsson
#23 Posted : Wednesday, August 14, 2013 5:20:49 PM
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Pan African Insurance bought a 3.59 per cent stake in Family Bank.It investing Sh310 million to buy 10 million shares in the lender during the December rights issue,acquiring the minority stake.
Family Bank then issued a bonus share issue of 1:1 according to disclosures in the 2012 annual report
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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mwekez@ji
#24 Posted : Wednesday, August 14, 2013 5:33:30 PM
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Ericsson wrote:
Pan African Insurance bought a 3.59 per cent stake in Family Bank.It investing Sh310 million to buy 10 million shares in the lender during the December rights issue,acquiring the minority stake.
Family Bank then issued a bonus share issue of 1:1 according to disclosures in the 2012 annual report


Looking without success for a copy of this Family Bank 2012 annual report. Pls share the link
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mwekez@ji
#25 Posted : Wednesday, August 14, 2013 5:46:47 PM
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mwekez@ji wrote:
Ericsson wrote:
Pan African Insurance bought a 3.59 per cent stake in Family Bank.It investing Sh310 million to buy 10 million shares in the lender during the December rights issue,acquiring the minority stake.
Family Bank then issued a bonus share issue of 1:1 according to disclosures in the 2012 annual report


Looking without success for a copy of this Family Bank 2012 annual report. Pls share the link


The annual report available in the following link is a draft and incomplete copy. it also doesnt have a list of top shareholders hence nothing on PanAfric http://www.familybank.co.ke/Inf...20December%2031ST%202012
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Ericsson
#26 Posted : Wednesday, August 14, 2013 5:55:18 PM
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@mwekez@ji;
Link is as follows;
http://www.businessdaily...2/-/w1ehjqz/-/index.html
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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mwekez@ji
#27 Posted : Thursday, August 15, 2013 12:49:49 AM
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Ericsson wrote:
@mwekez@ji;
Link is as follows;
http://www.businessdailyafrica....2/-/w1ehjqz/-/index.html


smile
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mwekez@ji
#28 Posted : Thursday, August 15, 2013 12:57:52 AM
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;-) Family Bank net profit surges 141% in 1H13

The bank’s net profit stood at Sh496.5 million in the six months to June, representing a 141 per cent growth over the Sh206 million earned a year earlier.
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mwekez@ji
#29 Posted : Friday, August 16, 2013 9:20:01 AM
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Family Bank profit before tax up 132pc on huge loan book

“Our commitment to transforming the bank into a pan-African bank remains a propulsive drive.” said Family Bank Managing Director Peter Munyiri.

“ Family Bank has strategically invested in structures, banking technologies as well as partnerships aimed at supporting an aggressive new service excellence strategy,”
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Aguytrying
#30 Posted : Friday, August 16, 2013 10:26:55 AM
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@mweke. seriously, what's the Net asset value of this share?
The investor's chief problem - and even his worst enemy - is likely to be himself
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mwekez@ji
#31 Posted : Friday, August 16, 2013 10:33:04 AM
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Aguytrying wrote:
@mweke. seriously, what's the Net asset value of this share?


Embedded Value is the better though conservative measure of this. Its KES 4.9B
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Wondergirl
#32 Posted : Friday, August 16, 2013 1:56:28 PM
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guru267 wrote:
BUY!!


I bought.
When you said it last time.smile
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Aguytrying
#33 Posted : Saturday, August 17, 2013 8:21:22 AM
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mwekez@ji wrote:
Aguytrying wrote:
@mweke. seriously, what's the Net asset value of this share?


Embedded Value is the better though conservative measure of this. Its KES 4.9B


when I divide with 98m shares. I'm getting 50.00 bob per share.
The investor's chief problem - and even his worst enemy - is likely to be himself
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mwekez@ji
#34 Posted : Saturday, August 17, 2013 10:19:38 AM
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Aguytrying wrote:
mwekez@ji wrote:
Aguytrying wrote:
@mweke. seriously, what's the Net asset value of this share?


Embedded Value is the better though conservative measure of this. Its KES 4.9B


when I divide with 98m shares. I'm getting 50.00 bob per share.


I currently have fair value of this counter at 2 times that ... Financial performance of this company will continue to outperform the industry in the foreseable future
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Aguytrying
#35 Posted : Saturday, August 17, 2013 4:27:44 PM
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mwekez@ji wrote:
Aguytrying wrote:
mwekez@ji wrote:
Aguytrying wrote:
@mweke. seriously, what's the Net asset value of this share?


Embedded Value is the better though conservative measure of this. Its KES 4.9B


when I divide with 98m shares. I'm getting 50.00 bob per share.


I currently have fair value of this counter at 2 times that ... Financial performance of this company will continue to outperform the industry in the foreseable future


agreed. plus the sanlam buyout looming in the future can only make things better
The investor's chief problem - and even his worst enemy - is likely to be himself
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mibbz
#36 Posted : Sunday, August 25, 2013 8:23:36 PM
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Runda plots coming online in H2 as anticipated....shall definitely contribute to full year profits. Ksh 100 is starting to look a bit easier to achieve

http://www.businessdaily.../-/l5c530z/-/index.html

Currently only draw back is the Insurance Act that caps foreign ownership at 66%, but i believe with the ammendment due in Sept....Sanlam must be salivating!!
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mibbz
#37 Posted : Sunday, August 25, 2013 8:27:52 PM
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Also dug this up from the archives.....Sanlam getting into real estate in Kenya among other african countries.....

http://www.businessdaily...2/-/cl7h7lz/-/index.html
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mwekez@ji
#38 Posted : Wednesday, September 11, 2013 11:48:56 PM
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Joined: 5/31/2011
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Pan Africa Insurance closes Sanlam Kenya acquisition

Pan Africa Insurance has bought out the Kenyan operations of South Africa-based assets manager Sanlam Investment, concluding a phased acquisition that started in 2008.

The Nairobi Securities Exchange listed insurer said that it had acquired 72.5 per cent shares of Sanlam and a further 10 per cent stake owned by a former chief executive of the investment firm.

The acquisition gives the insurance firm a free hand in the management of funds mobilised through its life business.

“The transaction will result in Sanlam Investment Management Kenya being a wholly owned subsidiary of the company. This will enable easier distribution of investment products by the group’s financial advisors,” said Pan Africa’s chief executive Tom Gitogo.
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Magnate
#39 Posted : Saturday, November 09, 2013 8:41:08 PM
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Joined: 11/1/2013
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7th nov 2013 from the dailies "Cheap deposits and loans raise Family Bank profits 137pc" ..... happy reports still flowing in.a healthy share i must admit....,but market sentiments are funny sometimes,supply outruns demand by far.
No diagnosis,no pragnosis,no pragnosis no profit......Jesse livermore
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mibbz
#40 Posted : Monday, November 11, 2013 2:01:58 PM
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Joined: 2/18/2011
Posts: 448
a massive 155,100 shares have moved today.....seems the seller who was offloading 147,000 shares last week at 70 bob finally found a buyer.....or can we speculate Sanlam is taking over? Interesting counter indeed....
@magnate i was worried about that huge supply chunk but it seems its almost out of the way;expect a race towards 100 bob soon
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