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Pan Africa Insurance at sh 19
Rank: Member Joined: 2/8/2007 Posts: 808
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Life insurance companies must include movement in their quoted stocks on the P&L. Non-life insurance companies don't have to. This is the practice in Kenya and IRA.
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Rank: Member Joined: 2/18/2011 Posts: 448
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Finally,a proper link on the proposed changes to the Insurance Act.....M n A coming soon in this industry http://www.nation.co.ke/.../-/1cytdvz/-/index.html
Oh,and to Sanlam,i know your agents read this.we await a premium on our stock,forget the ksh 50 and 51 you have been trying to sneak in with this week  
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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dave.kim wrote:guru267 wrote:dave.kim wrote:guru267 wrote:Wondergirl wrote:guru267 wrote:Wondergirl wrote:The investment and its "babies"is now safely in Panafrica Insurance  @Wondergirl for pan Africa's case if you have decided to go long term you should really keep a close eye on the NSE perfomance!  Please explain- I'm slow in following the idex.... Pan Africa's perfomance is significantly directly correlated to the perfomance of the NSE because of their huge stock portfolio which is recognised in the P&L... This is unlike Kenya re that does not recognise its stock portfolio in its P&L at all.... Inotherwords the NSE does badly Pan africa does badly and vice versa! Aii!is there an insurance company that doesnt recognize quoted investments in the P&L?Angalia annual reports vizuri: ' Gain in value on quoted investments' @dave.Kim if you check properly such a thing does not exist on Kenya re's P&L! Kenya re only includes it in "other comprehensive income" and this has no effect on EPS!! Check the footnotes for the breakdown of investment income for 2011 report. It is indicated as 'Reclassification from equity of accumulated fair value gain on available for sale quoted equity instruments'. And then the same amount is later deducted through comprehensive income as 'Reclassification adjustments relating to available-for-sale financial assets disposed in the year'. So it still affects bottom line in 2012 this reclassification was a mere 300million... Negligible if you asked me! Mark 12:29
Deuteronomy 4:16
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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Who knows when cfci and ak will pay their fy div.? "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Member Joined: 2/18/2011 Posts: 448
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Has the Pan Africa dividend been paid/disbursed to shareholders?
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Rank: Elder Joined: 6/20/2012 Posts: 3,855 Location: Othumo
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mibbz wrote:Has the Pan Africa dividend been paid/disbursed to shareholders? there is a thread on dividends, ask there and you will be answered pap! Thieves
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Rank: Member Joined: 1/25/2010 Posts: 344
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mibbz wrote:Has the Pan Africa dividend been paid/disbursed to shareholders? yes it was paid,EFT came thro even b4 payment date of 01/07/2013
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Rank: Member Joined: 2/18/2011 Posts: 448
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Rank: Member Joined: 2/18/2011 Posts: 448
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@mwekezaji,@guru, @hisah, @wondergirl @guru267 among the other distinguished regular wazua contributors.I have scanty knowledge on matters financial regulation and governance etc having dropped business studies in primary level but i have a question that am hoping all shall contribute.here goes:
What if as a shareholder in this great company of ours called pan Africa i take it upon myself to go the share registry,contact each and every shareholder then form a Pan Africa shareholders association with the main aim of mopping up our shareholding into a block so that we can negotiate with any party interested in buying us out such as Sanlam,of course at a premium.....eg i manage to convince in small shareholders holding approximately 1 mil shares towards this cause....
my question are:
1.Is this legal;does a law against such exist in our constitution?
2.can this be considered colluding and price fixing?
3.Is there such a precedent in kenya or perhaps rest of the world where shareholders come together and negotiate a buy out as opposed to awaiting an offer?
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Rank: Member Joined: 2/8/2007 Posts: 808
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Technically nobody stops you from doing, however there are no guarantees that Sanlam would buy. Just bear in mind Sanlam already runs the company and is more clued in than you on the business and they wouldn't pay a premium to you so technically on the negotiating table you will be playing poker with the manufacturer of the cards!
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Rank: Member Joined: 2/18/2011 Posts: 448
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Kausha wrote:Technically nobody stops you from doing, however there are no guarantees that Sanlam would buy. Just bear in mind Sanlam already runs the company and is more clued in than you on the business and they wouldn't pay a premium to you so technically on the negotiating table you will be playing poker with the manufacturer of the cards! True,but in two-three years things might just change and they might want in on a larger piece of the pie. am also using this as an example to other companies eg in KK just as large shareholders were negotiating with Puma perhaps the small shareholders block pulling the same move, uchumi to a foreign supermarket chain or even one of the banks....trying to establish if there are any legal hurdles to such a move and if there exists such a precedent in Africa,perhaps the world...
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Rank: Member Joined: 2/18/2011 Posts: 448
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UPDATE:
Been tracking this stock,last 10 days i have noticed there is a huge pile of shares available from a foreign investor/institution....thats the reason there are huge swings in this counter for example yesterday it touched 58 with a low of 53.50
From the sale i have concluded it must be an entity looking for action on another counter and exiting is not pegged on a specific price,possibly its anything about 50 and so far they have sold/offered for sale approx 70-100k shares(some deals didn't go through)
I tend to believe this supply glut/profit taking is the reason for the share not breeching 60 bob....lets wait for H1 end of Aug and see.
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Rank: Member Joined: 3/26/2012 Posts: 830
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From Ksh 19 to Ksh 81...excluding dividends. I will not be caught asleep in the next bear market which is coming soon...perhaps a year or 1.5 A successful man is not he who gets the best, it is he who makes the best from what he gets.
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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simonmaina71@gmail.com wrote:and a dividend yield of 7.50percent...a p/e of 1.60...am a value investor...but i seek ur opinions on whether to buy or let it pass. I sincerely hope you bought "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Elder Joined: 6/23/2009 Posts: 13,530 Location: nairobi
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and there was someone claimin 15 is fair value and shall not buy at 19.. sickening
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Member Joined: 2/18/2011 Posts: 448
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Wait till it reaches 150 in Feb then splits....that 15 bob might just be realized then
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Rank: Elder Joined: 6/23/2009 Posts: 13,530 Location: nairobi
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guru267 wrote:''NSE was down 30% in 2011.. By default pan africa will post a decline in profits or even a loss...
Im a buyer at 15 though¡'' verbatim by the ''master''
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 6/23/2009 Posts: 13,530 Location: nairobi
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guru267 wrote:jerry wrote:Mukiri wrote:guru267 wrote:Mukiri wrote:The question now is, after book closure, do I sell? If you really have to sell... Yes!! @Guru.. thanks. It's not that I have to, its 'Where are the maximum profits'. I have made something here, thanks to you... but are there better bargains elsewhere? @Mukiri. I'm sure there are better, in your words, bargains elsewhere and you won't see them until you sell PanAfrica. My advice: SELL. @jerry what are these other bargains?? even after missing out on entry in 2012, a SELL recommendation was made as early as May 2013! Huyu ni gambler extraordinaire. If you no longer doubt that rumor monger, ni maombi tu ndio ntakusaidia nayo.. Do your own research dear brethren and sistren :)
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Member Joined: 2/18/2011 Posts: 448
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obiero wrote:guru267 wrote:jerry wrote:Mukiri wrote:guru267 wrote:Mukiri wrote:The question now is, after book closure, do I sell? If you really have to sell... Yes!! @Guru.. thanks. It's not that I have to, its 'Where are the maximum profits'. I have made something here, thanks to you... but are there better bargains elsewhere? @Mukiri. I'm sure there are better, in your words, bargains elsewhere and you won't see them until you sell PanAfrica. My advice: SELL. @jerry what are these other bargains?? even after missing out on entry in 2012, a SELL recommendation was made as early as May 2013! Huyu ni gambler extraordinaire. If you no longer doubt that rumor monger, ni maombi tu ndio ntakusaidia nayo.. Do your own research dear brethren and sistren :)
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Rank: Elder Joined: 6/23/2009 Posts: 13,530 Location: nairobi
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S.Mutaga III wrote:From Ksh 19 to Ksh 81...excluding dividends. I will not be caught asleep in the next bear market which is coming soon...perhaps a year or 1.5 The exchange bar has noted the next bus, all aboard! Thank me later
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Pan Africa Insurance at sh 19
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