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United Kingdom

MMI Holdings Ltd (MMIJ.J)

MMIJ.J on Johannesburg Stock Exchange

1,850.00ZAc
19 Nov 2018
Change (% chg)

6.00 (+0.33%)
Prev Close
1,844.00
Open
1,805.00
Day's High
1,874.00
Day's Low
1,801.00
Volume
1,749,602
Avg. Vol
3,448,318
52-wk High
2,424.00
52-wk Low
1,578.00

Latest Key Developments (Source: Significant Developments)

MMI Holdings FY Core HEPS 176 Cents
Wednesday, 5 Sep 2018 

Sept 5 (Reuters) - MMI Holdings Ltd ::MMI HOLDINGS FY DILUTED CORE HEPS 176 CENTS.MMI HOLDINGS FY HEPS 93 CENTS.FY-END CAPITAL BUFFER DECREASED BY R1.3 BILLION COMPARED TO 30 JUNE 2017.CONTINUED CHALLENGING MACRO-ECONOMIC ENVIRONMENT, OPERATIONAL SHORTCOMINGS NEGATIVELY IMPACTED FY RESULTS.IN MOMENTUM RETAIL, FY SINGLE PREMIUM BUSINESS INCREASED BY 2 PERCENT.METROPOLITAN RETAIL'S CORE HEADLINE EARNINGS DOWN DUE TO WEAKER EARLY DURATION LAPSE ON FUNERAL PRODUCTS, AFRICAN BANK JV INVESTMENT.FY NEW BUSINESS VOLUMES UP 1 PERCENT YEAR-ON-YEAR TO R42.2 BILLION.OVERALL VALUE OF NEW BUSINESS WAS DISAPPOINTING AND DECLINED TO R301 MILLION IN FY.WILL REVIEW DECISION BETWEEN CONTINUING WITH BUY-BACK PROGRAMME VERSUS PAYING CASH DIVIDEND FOR F2019 INTERIM RESULTS.EXPECT ONLY MODEST INCREASE IN EARNINGS FOR F2019.MATURITY OF S.AFRICAN INSURANCE MARKETS, MODEST SHORT-TERM MACRO-ECONOMIC GROWTH PROSPECTS CONTINUE TO PRESSURE REVENUE GROWTH EXPECTATIONS.  Full Article

MMI Holdings Says RMI's Interest In Co Now Held Through Asset Holding Entity
Tuesday, 3 Jul 2018 

July 3 (Reuters) - MMI Holdings Ltd ::FOLLOWING INTERNAL GROUP RESTRUCTURE, RMI'S 25.45% INTEREST IN CO NOW HELD INDIRECTLY THROUGH ITS ASSET HOLDING ENTITY.  Full Article

MMI Holdings Says HY ‍Diluted Core Headline Earnings Down 3% Year-On-Year​
Wednesday, 7 Mar 2018 

March 7 (Reuters) - MMI Holdings Ltd ::HY ‍DILUTED CORE HEADLINE EARNINGS OF R1 556M (97 CENTS PER SHARE) IS DOWN 3% YEAR-ON-YEAR​.WILL TARGET A DIVIDEND COVER CENTRED AT 2.5X CORE HEADLINE EARNINGS..‍LOWER LIFE INSURANCE EARNINGS WERE MAINLY DUE TO RELEASES OF DISCRETIONARY MARGIN THAT WERE R108M LOWER THAN IN 1H2017​.OPTED TO BUY BACK SHARES IN LIEU OF PAYING OUT CASH DIVIDENDS.PLAN TO DISTRIBUTE R2BN TO SHAREHOLDERS THROUGH OPEN MARKET SHARE BUY-BACKS DURING NEXT 12 MONTHS.  Full Article

MMI Holdings ‍Announces Leadership Changes
Tuesday, 16 Jan 2018 

Jan 16 (Reuters) - MMI Holdings Ltd ::‍ANNOUNCED THAT NICOLAAS KRUGER WILL BE STEPPING DOWN AS CEO OF MMI HOLDINGS WITH EFFECT FROM 15 FEBRUARY 2018​.HILLIE MEYER HAS AGREED TO JOIN MMI ON A THREE-YEAR CONTRACT AS CEO OF MMI HOLDINGS​.‍JEANETTE MARAIS WILL JOIN GROUP AS A SECOND DEPUTY CEO; APPOINTMENT IS EFFECTIVE 1 MARCH 2018​.‍RISTO KETOLA, CURRENT CFO OF MMI HOLDINGS, HAS BEEN APPOINTED GROUP'S FINANCIAL DIRECTOR​.‍GROUP IS NOW FOCUSING ON A NARROWER SET OF NEW INITIATIVES SUCH AS AFRICAN BANK JV AND ADITYA BIRLA JV​.  Full Article

MMI Holdings says qtrly headline earnings up 54 pct ​
Thursday, 23 Nov 2017 

Nov 23 (Reuters) - MMI Holdings Ltd :‍FOR THREE MONTHS ENDED 30 SEPTEMBER 2017 DILUTED CORE HEADLINE EARNINGS ARE DOWN 4% ON 1Q17.​.‍OPERATING ENVIRONMENT REMAINS DIFFICULT IN SOUTH AFRICA AND WE DO NOT BELIEVE THAT ENVIRONMENT WILL IMPROVE MEANINGFULLY IN NEAR TERM​.FOR 3 MONTHS ENDED SEPT 30, OPERATING PROFIT WAS FLAT DESPITE INCREASE IN SPENDING ON NEW INITIATIVES IN MOMENTUM RETAIL AND IN CLIENT ENGAGEMENT SOLUTIONS​.FOR 3 MONTHS ENDED SEPT 30, HEADLINE EARNINGS, WHICH INCLUDE FULL IMPACT OF MARKET-RELATED GAINS ON OUR EARNINGS, ARE UP 54% VERSUS 1Q17.​.  Full Article

South Africans paying too much for private healthcare - watchdog

JOHANNESBURG, July 5 South Africans are paying too much for private healthcare, the country's antitrust watchdog said on Thursday, adding patients are sometimes prescribed treatments they don't need by an industry with limited competition.