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2012		#1 Posted : Tuesday, March 05, 2019 9:17:26 AM
Rank: Elder Joined: 12/9/2009 Posts: 6,592 Location: Nairobi		Did this Sanlam just report a loss of Ksh 2b?! BBI will solve it :)
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Ericsson		#2 Posted : Tuesday, March 05, 2019 9:21:43 AM
Rank: Elder Joined: 12/4/2009 Posts: 9,404 Location: NAIROBI		2012 wrote: Did this Sanlam just report a loss of Ksh 2b?! Where paste link here. Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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Mastermind		#3 Posted : Tuesday, March 05, 2019 9:56:16 AM
Rank: Veteran Joined: 1/25/2012 Posts: 1,620 Location: Langley		Ericsson wrote: 2012 wrote: Did this Sanlam just report a loss of Ksh 2b?! Where paste link here. Magazetini and there is a thread http://wazua.co.ke/forum...s&t=37324#post864379 If you have built castles in the air, your work need not be lost; that is where they should be. Now put the foundations under them.
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Ericsson		#4 Posted : Friday, February 21, 2020 10:22:07 AM
Rank: Elder Joined: 12/4/2009 Posts: 9,404 Location: NAIROBI		Sanlam FY19 SANLAM FY19 Net earned premium +5.1% to Sh5.6bn Total income +50% to Sh8.9bn, mainly on FV losses reducing from -Sh1.9bn to a gain of Sh422m. FY18 v. FY19 Claims ratio 95% v. 86% Expense ratio 54% v. 62% Combined ratio 150% v. 148% While PBT improved to Sh550m from a loss of Sh2bn, the tax rate was a whopping 79% with no explanation given. As a result, EPS was just Sh0.79 from a whopping -Sh14.01 in FY18. Total assets remained largely flat at Sh29bn. Book value is Sh12 & share likely to trade BELOW THAT. Cash resources at the end of the period collapsed by 55% to Sh1.195bn due to loan repayments & increased investing activities. Despite loan repayments of Sh1bn, total liabilities decreased by slightly above Sh200m, which is pretty insignificant. https://pbs.twimg.com/me...rmat=jpg&name=large https://pbs.twimg.com/me...mat=jpg&name=medium https://pbs.twimg.com/me...rmat=jpg&name=large https://pbs.twimg.com/me...rmat=jpg&name=large https://pbs.twimg.com/me...mat=jpg&name=medium https://pbs.twimg.com/me...ormat=jpg&name=large Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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Ebenyo		#5 Posted : Friday, February 21, 2020 11:12:32 AM
Rank: Veteran Joined: 4/4/2016 Posts: 1,917 Location: Kitale		investment income- kshs 2,350,289,000. Net claims and policy holders benefits- kshs 4,836,423,000 If they work hard at increasing their investment income,they will make enough to clear claims and policy holders benefits hence increase their net profit. Towards the goal of financial freedom
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Angelica _ann		#6 Posted : Monday, February 24, 2020 10:35:37 AM
Rank: Elder Joined: 12/7/2012 Posts: 11,821		Ebenyo wrote: investment income- kshs 2,350,289,000. Net claims and policy holders benefits- kshs 4,836,423,000 If they work hard at increasing their investment income,they will make enough to clear claims and policy holders benefits hence increase their net profit. I guess their aggressiveness in investment must have been slowed down by CP and CB that burned them over the last 3 years. So the MD during the results briefing/presentation say that they are taking a cautious approach to investment as they review their policy on investment and risk management. They will recover going forward - next results will be hugely improved. 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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Ericsson		#7 Posted : Thursday, February 27, 2020 12:25:10 PM
Rank: Elder Joined: 12/4/2009 Posts: 9,404 Location: NAIROBI		Insurer Sanlam sold off a property (Sanlam House) worth Ksh.450 million in December 2019 as it sought to cut its exposure to the struggling real estate industry. https://citizentv.co.ke/...million-property-323848/ Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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sparkly		#8 Posted : Thursday, February 27, 2020 2:06:35 PM
Rank: Elder Joined: 9/23/2009 Posts: 7,945 Location: Enk are Nyirobi		[quote=Ericsson]Insurer Sanlam sold off a property (Sanlam House) worth Ksh.450 million in December 2019 as it sought to cut its exposure to the struggling real estate industry. https://citizentv.co.ke/...illion-property-323848/[/quote] Ati struggling real estate? They sold to prop up their numbers, otherwise they would have reported losses of over 300m. Life is short. Live passionately.
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VituVingiSana		#9 Posted : Thursday, February 27, 2020 5:22:51 PM
Rank: Chief Joined: 1/3/2007 Posts: 17,415 Location: Nairobi		sparkly wrote: Ericsson wrote: Insurer Sanlam sold off a property (Sanlam House) worth Ksh.450 million in December 2019 as it sought to cut its exposure to the struggling real estate industry. https://citizentv.co.ke/...illion-property-323848/ Ati struggling real estate? They sold to prop up their numbers, otherwise they would have reported losses of over 300m. Unless the "profit" on the property was 300mn+, it would have done little to help them. Sale Price - Cost + Depreciation - any prior "FV Gains" - Costs to sell = Profit in the current year Isn't real estate, especially office space, suffering? Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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sparkly		#10 Posted : Thursday, February 27, 2020 8:56:50 PM
Rank: Elder Joined: 9/23/2009 Posts: 7,945 Location: Enk are Nyirobi		VituVingiSana wrote: sparkly wrote: Ericsson wrote: Insurer Sanlam sold off a property (Sanlam House) worth Ksh.450 million in December 2019 as it sought to cut its exposure to the struggling real estate industry. https://citizentv.co.ke/...illion-property-323848/ Ati struggling real estate? They sold to prop up their numbers, otherwise they would have reported losses of over 300m. Unless the "profit" on the property was 300mn+, it would have done little to help them. Sale Price - Cost + Depreciation - any prior "FV Gains" - Costs to sell = Profit in the current year Isn't real estate, especially office space, suffering? If the building in question is Sanlam House, then the residual value of the building is nominal and almost all the proceeds were capital gain. Life is short. Live passionately.
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Ericsson		#11 Posted : Thursday, August 20, 2020 9:51:17 AM
Rank: Elder Joined: 12/4/2009 Posts: 9,404 Location: NAIROBI		Half year 2020 Loss of Ksh.136mn https://www.nse.co.ke/issuer-announcements.html Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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VituVingiSana		#12 Posted : Friday, September 18, 2020 6:29:27 AM
Rank: Chief Joined: 1/3/2007 Posts: 17,415 Location: Nairobi		Insurance broker accused of stealing Sh11.8m Sanlam premiums https://www.businessdail...24668-hxrcquz/index.html Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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Ericsson		#13 Posted : Monday, November 09, 2020 12:39:56 AM
Rank: Elder Joined: 12/4/2009 Posts: 9,404 Location: NAIROBI		https://www.businessdail...ying-loan-again-2732150 Sanlam in talks to delay repaying loan again Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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Fyatu		#14 Posted : Tuesday, February 16, 2021 4:18:07 PM
Rank: Veteran Joined: 1/20/2011 Posts: 1,809 Location: Nakuru		Is Sanlam a buy at sub 10? Dumb money becomes dumb only when it listens to smart money
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Ericsson		#15 Posted : Wednesday, February 17, 2021 8:53:06 AM
Rank: Elder Joined: 12/4/2009 Posts: 9,404 Location: NAIROBI		Fyatu wrote: Is Sanlam a buy at sub 10? Wait for release of FY results which will be out within a month from now. Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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