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Sanlam Ltd (SLMJ.J)

SLMJ.J on Johannesburg Stock Exchange

8,023.00ZAc
9:15am BST
Change (% chg)

118.00 (+1.49%)
Prev Close
7,905.00
Open
7,928.00
Day's High
8,043.00
Day's Low
7,928.00
Volume
601,577
Avg. Vol
5,769,339
52-wk High
9,849.00
52-wk Low
6,540.00

Latest Key Developments (Source: Significant Developments)

Sanlam Ltd HY HEPS Of 248,6 Cents
Thursday, 6 Sep 2018 

Sept 6 (Reuters) - Sanlam Ltd ::NO INTERIM DIVIDEND DECLARED IN LINE WITH GROUP POLICY.HY GROUP EQUITY VALUE PER SHARE OF R60,90.ADJUSTED ANNUALISED RETURN ON GROUP EQUITY VALUE PER SHARE OF 18,2%; EXCEEDING TARGET OF 13%.ACQUISITION OF REMAINING 53% STAKE IN SAHAM FINANCES AWAITING CERTAIN REGULATORY APPROVALS, ANTICIPATED BEFORE END OF 2018.OPERATING CONDITIONS WERE VERY CHALLENGING DURING FIRST SIX MONTHS OF 2018.HY NET VALUE OF NEW COVERED BUSINESS UP 1% TO R791 MILLION.HY NET NEW COVERED BUSINESS MARGIN OF 2,46% (2,61% IN 2017).HY NEW BUSINESS VOLUMES DECLINED BY 1% TO R110 BILLION.HY NET FUND INFLOWS OF R17,2 BILLION COMPARED TO R18,9 BILLION IN 2017.SI RECEIVED NOTICE OF AN R8 BILLION OUTFLOW OF LOW MARGIN INDEX-TRACKING FUNDS MANAGED ON AN OUTSOURCED BASIS.FULL YEAR GROWTH PROSPECTS REMAIN "PEDESTRIAN" AT JUST ABOVE 1%.MOVEMENTS IN INTEREST RATES, MARKET RETURNS, VOLATILITY MAY HAVE MAJOR IMPACT ON GROWTH IN 2018 NORMALISED HEADLINE EARNINGS, VNB AND GEV.SANLAM GENERAL INSURANCE TANZANIA STILL EXPERIENCING SIGNIFICANT DECLINE IN WRITTEN PREMIUMS, UNDERWRITING PROFIT. RECOVERY EXPECTED FROM 2019.HY NORMALISED HEPS 236,2 CENTS; HY HEADLINE EARNINGS PER SHARE 248,6 CENTS.  Full Article

Sanlam Expects Economic, Operating Environment To Remain Subdued In Largest Markets For 2018
Wednesday, 6 Jun 2018 

June 6 (Reuters) - Sanlam Ltd ::NEW BUSINESS VOLUMES OF R69 BILLION, DOWN 3% ON FIRST FOUR MONTHS OF 2017 FINANCIAL YEAR.SANLAM PERSONAL FINANCE ACHIEVED OVERALL NEW BUSINESS SALES GROWTH OF 11% FOR FOUR MONTHS TO 30 APRIL 2018.ACQUISITION OF REMAINING INTEREST IN SAHAM FINANCES IS PROGRESSING ACCORDING TO PLAN.GROUP'S PROFILE ENABLED US TO DELIVER A SATISFACTORY OPERATIONAL PERFORMANCE FOR FOUR MONTHS ENDED 30 APRIL 2018.SANLAM-EXPECT ECONOMIC, OPERATING ENVIRONMENT TO REMAIN SUBDUED IN LARGEST MARKETS FOR 2018 WITH RESULTING IMPACT ON CO'S KEY OPERATIONAL PERFORMANCE INDICATORS.NEW BUSINESS VOLUMES IN RECURRING PREMIUM BUSINESS CLUSTER INCREASED BY 29% IN FIRST FOUR MONTHS OF 2018.IMPROVED INVESTOR SENTIMENT IN A.AFRICA IS EXPECTED TO SUPPORT NEW BUSINESS GROWTH IN GLACIER,SANLAM INVESTMENTS DURING REMAINDER OF YEAR.CHANGE IN MIX TO LESS PROFITABLE LINES OF BUSINESS IN GLACIER IS EXPECTED TO CONTINUE.  Full Article

Sanlam ‍Proposes Placing Of New Ordinary Shares To Raise Up To ZAR 5,700 Mln​
Tuesday, 27 Mar 2018 

March 27 (Reuters) - Sanlam Ltd ::‍PROPOSED PLACING OF NEW ORDINARY SHARES TO RAISE UP TO ZAR 5,700 MILLION​.‍NET PROCEEDS FROM PLACING WILL BE USED TO PART FUND SAHAM ACQUISITION​.‍PLACING IS BEING CONDUCTED THROUGH ACCELERATED BOOKBUILD PROCESS WHICH WILL BE LAUNCHED IMMEDIATELY​.‍PRICE PER ORDINARY SHARE AT WHICH PLACING SHARES WILL BE PLACED WILL BE DECIDED AT CLOSE OF BOOKBUILD​.  Full Article

‍Sanlam Updates On Exposure To Steinhoff International Holdings ​
Thursday, 21 Dec 2017 

Dec 21 (Reuters) - Sanlam Ltd ::‍SANLAM EXPOSURE TO STEINHOFF INTERNATIONAL HOLDINGS NV​.SANLAM - ‍HAS EXPOSURE TO STEINHOFF INSTRUMENTS IN ON-BALANCE SHEET POLICYHOLDER ,SHAREHOLDER PORTFOLIOS, INVESTMENT PORTFOLIOS MANAGED ON BEHALF OF THIRD PARTY CLIENTS​.- ‍GROUP'S EXPOSURE TO STEINHOFF INSTRUMENTS ORIGINATED FROM NORMAL COURSE OF BUSINESS TRANSACTIONS, WITH MANY OF POSITIONS IN PLACE FOR A NUMBER OF YEARS​.‍EQUITY EXPOSURES WERE IN GENERAL IN LINE WITH OR SLIGHTLY ABOVE STEINHOFF'S BENCHMARK INDEX WEIGHTING ON 1 DECEMBER 2017​.‍DIRECT DEBT EXPOSURES WERE ALSO IN LINE WITH GROUP'S RISK MANAGEMENT FRAMEWORK​.‍BEST ESTIMATE POTENTIAL IMPACT ON GROUP'S 2017 AND FUTURE EARNINGS IS NOT SIGNIFICANT​.‍POTENTIAL IMPACT ON SANLAM CLIENTS' INVESTMENT RETURNS WILL VARY DEPENDING ON EACH INDIVIDUAL PORTFOLIO'S EXPOSURE TO DIFFERENT ASSET CLASSES​.- ‍POTENTIAL IMPACT ON SANLAM CLIENTS' INVESTMENT RETURNS WILL VARY DEPENDING ON EACH INDIVIDUAL PORTFOLIO'S EXPOSURE TO DIFFERENT ASSET CLASSE​.SANLAM - POTENTIAL FINANCIAL EFFECTS ON NET ASSET VALUE , EARNINGS WILL ONLY HAVE A MARGINAL EFFECT ON SOLVENCY RATIO WITHOUT IMPACTING DIVIDEND PAYMENT CAPABILITY​.  Full Article

Sanlam Ltd Says For First 10 Months Of 2017, Normalised Headline Earnings Up 22%
Wednesday, 6 Dec 2017 

Dec 6 (Reuters) - Sanlam Ltd ::FOR FIRST 10 MONTHS OF 2017 FINANCIAL YEAR, NORMALISED HEADLINE EARNINGS UP 22%.EXPECT THAT ECONOMIC AND OPERATING ENVIRONMENT WILL REMAIN CHALLENGING FOR REMAINDER OF 2017.FOR FIRST 10 MONTHS OF 2017 FINANCIAL YEAR, DILUTED HEADLINE EARNINGS PER SHARE INCREASED BY 2%.  Full Article

UPDATE 2-Rand firms after South African current account narrows sharply

JOHANNESBURG, Sept 6 The South African rand firmed on Thursday after data showed the country's current account deficit was narrowing more than expected and as other emerging market currencies picked up.