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Pan Africa Insurance HY15 PAT slide 32%
Pesa Nane
#1 Posted : Monday, August 17, 2015 7:19:32 PM
Rank: Elder


Joined: 5/25/2012
Posts: 4,105
Location: 08c
Pesa Nane plans to be shilingi when he grows up.
dunkang
#2 Posted : Monday, August 17, 2015 8:25:53 PM
Rank: Elder


Joined: 6/2/2011
Posts: 4,818
Location: -1.2107, 36.8831
Wa! Kwani what happened to this counter?
Receive with simplicity everything that happens to you.” ― Rashi

whiteowl
#3 Posted : Monday, August 17, 2015 8:52:39 PM
Rank: Veteran


Joined: 4/16/2014
Posts: 1,420
Location: Bohemian Grove
So it will be back to back profit warnings? I hope it falls back to the ground so I can get onboard again
luxel
#4 Posted : Monday, August 17, 2015 10:15:32 PM
Rank: Member


Joined: 7/17/2008
Posts: 152
Why is it that every time there is a change of CEO in Kenyan public firms the new one starts by reporting lower profits?
Gatheuzi
#5 Posted : Tuesday, August 18, 2015 7:30:50 AM
Rank: Veteran


Joined: 8/16/2009
Posts: 994
Drop in profits for insurance companies is widely expected. Half a billion in fair value losses just for the first half is not funny. Add to that the fact that claims increased while written premiums dropped. @whiteowl it will be suffiently down very soon, so that you buy all you want.
Time is money, so money is time. Money saved is time gained in reverse! Money stores your life’s energy. You expend your energy, get paid money, and store that money for a future purchase made in a currency.
TheGeek
#6 Posted : Tuesday, August 18, 2015 10:52:19 AM
Rank: Member


Joined: 7/3/2014
Posts: 245
Gatheuzi wrote:
Drop in profits for insurance companies is widely expected. Half a billion in fair value losses just for the first half is not funny. Add to that the fact that claims increased while written premiums dropped. @whiteowl it will be suffiently down very soon, so that you buy all you want.


Shame on you
There will be more bleeding in H2.
Park your money in another mbus.
In the world of securities, courage and patience become the supreme virtues after adequate knowledge and a tested judgment are at hand.
Pesa Nane
#7 Posted : Wednesday, December 30, 2015 10:25:20 AM
Rank: Elder


Joined: 5/25/2012
Posts: 4,105
Location: 08c


unquoted local bank??
Pesa Nane plans to be shilingi when he grows up.
bartum
#8 Posted : Wednesday, December 30, 2015 1:53:04 PM
Rank: Veteran


Joined: 8/11/2010
Posts: 1,011
Location: nairobi
What does the term unquoted equity investment in a local bank refer
hisah
#9 Posted : Wednesday, December 30, 2015 2:02:59 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
bartum wrote:
What does the term unquoted equity investment in a local bank refer

Unlisted shares in a private bank which is not traded at the NSE. I wonder which bank. Imperial bank?!
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
Ericsson
#10 Posted : Wednesday, December 30, 2015 2:27:48 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,702
Location: NAIROBI
The unlisted bank is Family Bank
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
whiteowl
#11 Posted : Wednesday, December 30, 2015 2:39:51 PM
Rank: Veteran


Joined: 4/16/2014
Posts: 1,420
Location: Bohemian Grove
Ericsson wrote:
The unlisted bank is Family Bank


If I remember right, they made the investment in 2013.
Pesa Nane
#12 Posted : Wednesday, December 30, 2015 6:17:22 PM
Rank: Elder


Joined: 5/25/2012
Posts: 4,105
Location: 08c
Ericsson wrote:
The unlisted bank is Family Bank


But I though Pesa Pap! had a fantastic year

Quote:
KEY FINANCIAL PERFORMANCE HIGHLIGHTS-BANK
Profit Before Tax increased by 29.8% from Ksh 1.3B in June 2014 to Ksh 1.7B in June 2015.
• Total Shareholders’ funds grew by 5% from Ksh 10.6B as at December 2014 to Ksh 11.1B as at June 2015 .
• Deposits grew by 25% from Ksh 47.2B as at December 2014 to Ksh 59.1B as at June 2015 .
Total assets grew by 21% from Ksh 61.8B as at December 2014 to Ksh 74.7B as at June 2015.
• Loans grew by 22% from Ksh 37.9B as at December 2014 to Ksh 46.3B as at June 2015 .
Pesa Nane plans to be shilingi when he grows up.
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