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Sanlam Kenya Plc HY16
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Pesa Nane
#1 Posted : Tuesday, August 30, 2016 6:13:00 PM
Rank: Elder

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

Pesa Nane plans to be shilingi when he grows up.
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Pesa Nane
#2 Posted : Tuesday, August 30, 2016 6:15:27 PM
Rank: Elder

Joined: 5/25/2012
Posts: 4,105
Location: 08c
Quote:
Changes on the Board of Directors:

The Board of Directors of Sanlam Kenya Plc has approved the replacement of Ms Margaret Dawes by Julius Mugabe on the Board
Pesa Nane plans to be shilingi when he grows up.
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Aguytrying
#3 Posted : Tuesday, August 30, 2016 7:07:09 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
Thanks pesa 8
The investor's chief problem - and even his worst enemy - is likely to be himself
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Gatheuzi
#4 Posted : Wednesday, August 31, 2016 11:33:52 AM
Rank: Veteran

Joined: 8/16/2009
Posts: 994
Seems they lost money at either Chase or Imperial bank hence the write down via "Impairment of Deposits with Financial Institutions" of 39.6M
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.
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Ericsson
#5 Posted : Wednesday, November 16, 2016 5:36:11 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
Sanlam owns 56% stake in Sanlam Kenya PLC formerly Pan African Insurance Holdings.
Sanlam also owns a 30% stake in Saham Finances who are the majority shareholders of Mercantile Insurance.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Impunity
#6 Posted : Thursday, November 17, 2016 11:13:33 AM
Rank: Elder

Joined: 3/2/2009
Posts: 26,331
Location: Masada
Ericsson wrote:
Sanlam owns 56% stake in Sanlam Kenya PLC formerly Pan African Insurance Holdings.
Sanlam also owns a 30% stake in Saham Finances who are the majority shareholders of Mercantile Insurance.


So what?
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Angelica _ann
#7 Posted : Thursday, November 17, 2016 11:21:25 AM
Rank: Elder

Joined: 12/7/2012
Posts: 11,935
Impunity wrote:
Ericsson wrote:
Sanlam owns 56% stake in Sanlam Kenya PLC formerly Pan African Insurance Holdings.
Sanlam also owns a 30% stake in Saham Finances who are the majority shareholders of Mercantile Insurance.


So what?

Laughing out loudly Laughing out loudly Laughing out loudly
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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actuarywahisa
#8 Posted : Thursday, November 17, 2016 11:24:52 AM
Rank: Member

Joined: 5/21/2014
Posts: 184
Angelica _ann wrote:
Impunity wrote:
Ericsson wrote:
Sanlam owns 56% stake in Sanlam Kenya PLC formerly Pan African Insurance Holdings.
Sanlam also owns a 30% stake in Saham Finances who are the majority shareholders of Mercantile Insurance.


So what?

Laughing out loudly Laughing out loudly Laughing out loudly



Ann, Laughing out loudly it's funny but I thought the same too. It sounds like a statement from out of the blues.
There are too many opportunities all around. Open your eyes and maybe you'll spot one
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Pesa Nane
#9 Posted : Friday, December 30, 2016 10:20:42 AM
Rank: Elder

Joined: 5/25/2012
Posts: 4,105
Location: 08c
HY16 Sad
FY16 Sad Sad

Pesa Nane plans to be shilingi when he grows up.
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Ebenyo
#10 Posted : Friday, December 30, 2016 12:43:39 PM
Rank: Veteran

Joined: 4/4/2016
Posts: 2,016
Location: Kitale
Pesa Nane wrote:
HY16 Sad
FY16 Sad Sad



profit warning two years in a row?
Towards the goal of financial freedom
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sparkly
#11 Posted : Friday, December 30, 2016 1:39:48 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Ebenyo wrote:
Pesa Nane wrote:
HY16 Sad
FY16 Sad Sad



profit warning two years in a row?


This stock was a Wazua favourite just the other day. Good company... NOT
Life is short. Live passionately.
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  | | Edit by user: Friday, December 30, 2016 1:41 PM | Reason: Not specified
actuarywahisa
#12 Posted : Friday, December 30, 2016 2:50:13 PM
Rank: Member

Joined: 5/21/2014
Posts: 184
sparkly wrote:
Ebenyo wrote:
Pesa Nane wrote:
HY16 Sad
FY16 Sad Sad



profit warning two years in a row?


This stock was a Wazua favourite just the other day. Good company... NOT


There was a serious business disruption when the company opted to change its main system. That project was completely mishandled and the company bled hard in terms of human resource on sales agents.

Departure of Tom Gitogo to CIC and the GM and a BIIIIG group in its executive team as a result of the uncertainty.

Plus any Insurance company with a big part of its book as life assurance is going to take a hit when there is uncertainty in the economy.

Best way is to wait for the end year results to be released in March and then for the stock to settle after that and then taking a long term position.
There are too many opportunities all around. Open your eyes and maybe you'll spot one
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Ericsson
#13 Posted : Friday, December 30, 2016 5:12:35 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
That is the problem as an insurance company in Kenya when you fail to invest in property and real estate.
This would have given some income through revaluation and rental income.
Problem is Sanlam PLC doesn't want anything to do with real estate in kenya.
Too baaaad with the south african mode of business
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Ericsson
#14 Posted : Friday, December 30, 2016 5:13:57 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
actuarywahisa wrote:
sparkly wrote:
Ebenyo wrote:
Pesa Nane wrote:
HY16 Sad
FY16 Sad Sad



profit warning two years in a row?


This stock was a Wazua favourite just the other day. Good company... NOT


There was a serious business disruption when the company opted to change its main system. That project was completely mishandled and the company bled hard in terms of human resource on sales agents.

Departure of Tom Gitogo to CIC and the GM and a BIIIIG group in its executive team as a result of the uncertainty.

Plus any Insurance company with a big part of its book as life assurance is going to take a hit when there is uncertainty in the economy.

Best way is to wait for the end year results to be released in March and then for the stock to settle after that and then taking a long term position.


CIC share price where Tom Gitogo went to has also received a thorough beating this year
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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mawinder
#15 Posted : Saturday, December 31, 2016 7:18:15 AM
Rank: Elder

Joined: 4/30/2008
Posts: 6,029
Ericsson wrote:
That is the problem as an insurance company in Kenya when you fail to invest in property and real estate.
This would have given some income through revaluation and rental income.
Problem is Sanlam PLC doesn't want anything to do with real estate in kenya.
Too baaaad with the south african mode of business

They are building something off Waiyaki way
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