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Sanlam Kenya Plc HY16
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actuarywahisa
#16 Posted : Tuesday, January 03, 2017 9:50:03 AM
Rank: Member

Joined: 5/21/2014
Posts: 184
mawinder wrote:
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


Correct. Since late 2014.

http://www.businessdaily...6198-fs15ucz/index.html
There are too many opportunities all around. Open your eyes and maybe you'll spot one
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Impunity
#17 Posted : Tuesday, January 03, 2017 12:05:58 PM
Rank: Elder

Joined: 3/2/2009
Posts: 26,331
Location: Masada
actuarywahisa wrote:
mawinder wrote:
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


Correct. Since late 2014.

http://www.businessdaily...6198-fs15ucz/index.html



How safe is my funds (units) currently held in there?
d'oh!
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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actuarywahisa
#18 Posted : Tuesday, January 03, 2017 3:10:14 PM
Rank: Member

Joined: 5/21/2014
Posts: 184
Impunity wrote:
actuarywahisa wrote:
mawinder wrote:
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


Correct. Since late 2014.

http://www.businessdaily...6198-fs15ucz/index.html



How safe is my funds (units) currently held in there?
d'oh!


Your funds are good. From what I have heard from guys in Sanlam and UAP after Old Mutual take over, SA guys don't like cutting corners. The main thing they are usually faulted for is 'using thorax' or 'bull-dozing' stuff.
There are too many opportunities all around. Open your eyes and maybe you'll spot one
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actuarywahisa
#19 Posted : Tuesday, January 03, 2017 3:17:16 PM
Rank: Member

Joined: 5/21/2014
Posts: 184
Impunity wrote:
actuarywahisa wrote:
mawinder wrote:
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


Correct. Since late 2014.

http://www.businessdaily...6198-fs15ucz/index.html



How safe is my funds (units) currently held in there?
d'oh!


Your funds are good. Not that the firm cannot fail but for sure it is better managed than most other players in the industry.

I know from a few guys in Sanlam and UAP (especially after take-over by Old Mutual), that SA guys don't like cutting corners. The main thing they are usually faulted for is 'using thorax' or 'bull-dozing' when it comes to implementing stuff.
There are too many opportunities all around. Open your eyes and maybe you'll spot one
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alotoftalk
#20 Posted : Wednesday, January 04, 2017 3:53:59 AM
Rank: Member

Joined: 8/27/2015
Posts: 138
Location: Harare
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


The SA insurance business is actually focused on high quality real estate developments. Sandton City is owned by Liberty.

Sanlam the parent company is also in real estate

https://www.sanlaminvest...ts.com/sanlamproperties

Also, Sanlam is the pre-cursor to Pan African Life which developed most of Runda and the press release clearly states..lower income from property sales.

And in general, you can't run a life insurance business with no property investments unless your persistency is on a multi-year negative trend or you are in run-off.
Investment philosophy development in progress...
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  | | Edit by user: Wednesday, January 04, 2017 3:58 AM | Reason: fix broken link
Pesa Nane
#21 Posted : Thursday, February 09, 2017 6:45:37 PM
Rank: Elder

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


Pesa Nane plans to be shilingi when he grows up.
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  | | Edit by user: Thursday, February 09, 2017 6:55 PM | Reason: Not specified
Angelica _ann
#22 Posted : Thursday, February 09, 2017 6:46:46 PM
Rank: Elder

Joined: 12/7/2012
Posts: 11,935
Pesa Nane wrote:

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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obiero
#23 Posted : Friday, May 12, 2017 6:51:15 AM
Rank: Elder

Joined: 6/23/2009
Posts: 14,211
Location: nairobi
Angelica _ann wrote:
Pesa Nane wrote:

Laughing out loudly Laughing out loudly Laughing out loudly

There is value in this monkey

KQ ABP 4.26
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littledove
#24 Posted : Friday, May 12, 2017 8:36:54 AM
Rank: Veteran

Joined: 7/1/2014
Posts: 927
Location: sky
obiero wrote:
Angelica _ann wrote:
Pesa Nane wrote:

Laughing out loudly Laughing out loudly Laughing out loudly

There is value in this monkey

i also believe so, i have been slowly loading.
There are only two emotions in the stock market, fear and hope. The problem is, you hope when you should fear and fear when you should hope
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Ericsson
#25 Posted : Tuesday, July 18, 2017 12:19:06 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
http://www.businessdaily...9440-b6eq7rz/index.html

Sanlam Kenya PAFR • 27.00 ▼ 6.90% has acquired an additional 12 per cent stake in Gateway Insurance, raising its investment in the loss-making subsidiary to a cumulative Sh914.3 million.
The latest investment has raised its interest in the subsidiary to a new high of 68 per cent.
“In 2016 Sanlam Kenya made additional investments of Sh213.6 million in Sanlam General,” the insurer said in its latest annual report.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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maka
#26 Posted : Tuesday, July 18, 2017 12:34:18 PM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
Ericsson wrote:
http://www.businessdailyafrica.com/corporate/companies/Sanlam-raises-its-stake-Gateway-Sh1bn-/4003102-4019440-b6eq7rz/index.html

Sanlam Kenya PAFR • 27.00 ▼ 6.90% has acquired an additional 12 per cent stake in Gateway Insurance, raising its investment in the loss-making subsidiary to a cumulative Sh914.3 million.
The latest investment has raised its interest in the subsidiary to a new high of 68 per cent.
“In 2016 Sanlam Kenya made additional investments of Sh213.6 million in Sanlam General,” the insurer said in its latest annual report.


Is Sanlam also buying out Pine?
possunt quia posse videntur
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Ericsson
#27 Posted : Tuesday, July 18, 2017 12:37:29 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
maka wrote:
Ericsson wrote:
http://www.businessdailyafrica.com/corporate/companies/Sanlam-raises-its-stake-Gateway-Sh1bn-/4003102-4019440-b6eq7rz/index.html

Sanlam Kenya PAFR • 27.00 ▼ 6.90% has acquired an additional 12 per cent stake in Gateway Insurance, raising its investment in the loss-making subsidiary to a cumulative Sh914.3 million.
The latest investment has raised its interest in the subsidiary to a new high of 68 per cent.
“In 2016 Sanlam Kenya made additional investments of Sh213.6 million in Sanlam General,” the insurer said in its latest annual report.


Is Sanlam also buying out Pine?


Sanlam Emerging Markets not Sanlam Kenya
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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maka
#28 Posted : Tuesday, July 18, 2017 1:11:40 PM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
Ericsson wrote:
maka wrote:
Ericsson wrote:
http://www.businessdailyafrica.com/corporate/companies/Sanlam-raises-its-stake-Gateway-Sh1bn-/4003102-4019440-b6eq7rz/index.html

Sanlam Kenya PAFR • 27.00 ▼ 6.90% has acquired an additional 12 per cent stake in Gateway Insurance, raising its investment in the loss-making subsidiary to a cumulative Sh914.3 million.
The latest investment has raised its interest in the subsidiary to a new high of 68 per cent.
“In 2016 Sanlam Kenya made additional investments of Sh213.6 million in Sanlam General,” the insurer said in its latest annual report.


Is Sanlam also buying out Pine?


Sanlam Emerging Markets not Sanlam Kenya



Ahhh ok...
possunt quia posse videntur
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