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Rand Merchant Investment Holdings Ltd

RMIJ.J

Latest Trade

3,050.00ZAc

Change

-42.00(-1.36%)

Volume

4,417,665

Today's Range

3,008.00

 - 

3,142.00

52 Week Range

1,733.00

 - 

3,419.00

As of on the Johannesburg Stock Exchange ∙ Minimum 15 minute delay

Latest Developments

Sampo Group Gets All Regulatory Approvals For Its Hastings Deal

Oct 27 (Reuters) - Nordea Bank Abp <NDAFI.HE>::REG-SAMPO GROUP HAS RECEIVED ALL REGULATORY APPROVALS FOR ITS HASTINGS DEAL.ALL OF CONDITIONS RELATING TO REGULATORY AND ANTITRUST APPROVALS HAVE NOW BEEN SATISFIED..

Rand Merchant Investment Posts FY Headline Earnings Down 49%

Sept 25 (Reuters) - Rand Merchant Investment Holdings Ltd <RMIJ.J>::RAND MERCHANT INVESTMENT HOLDINGS LTD - FY HEADLINE EARNINGS R1 956 MILLION (2019: R3 801 MILLION) DOWN 49%.RAND MERCHANT INVESTMENT HOLDINGS LTD - BOARD HAS DECIDED THAT RMI WILL NOT BE DECLARING A FINAL DIVIDEND FOR YEAR ENDED 30 JUNE 2020.RAND MERCHANT INVESTMENT HOLDINGS LTD - FY GROSS INSURANCE PREMIUMS 17.35 BILLION RAND VERSUS 15.91 BILLION RAND.

Sampo CEO Says Home Insurances Are An Opportunity For Hastings to Explore

Aug 5 (Reuters) - Sampo <SAMPO.HE>, conference call: :CEO MAGNUSSON SAYS WE DO NOT EXPECT OPERATIONAL INTEGRATION WITH HASTINGS <<<HSTG.L>>>.CEO MAGNUSSON SAYS WE ARE ABLE TO DO THE ACQUISITION OF HASTINGS <<<HSTG.L>>> WITH VERY LIMITED RISK.CEO MAGNUSSON SAYS HOME INSURANCES ARE AN OPPORTUNITY THAT REMAIN TO EXPLORE FOR HASTINGS <<<HSTG.L>>>.SAYS WE HAVE NO PLANS TO RAISE MORE DEBT GOING FORWARD WHICH COULD MEAN OUR LEVERAGE RATIO GOING DOWN OVER TIME.

RMI And Sampo To Buy Hastings Valuing It At 1.66 Bln Pounds

Aug 5 (Reuters) - Rand Merchant Investment Holdings Ltd <RMIJ.J>::OFFER BY RMI AND SAMPO TO ACQUIRE HASTINGS GROUP HOLDINGS PLC AND WITHDRAWAL OF CAUTIONARY ANNOUNCEMENT.UNDER TERMS OF OFFER, HASTINGS' SHAREHOLDERS WILL BE ENTITLED TO RECEIVE 250 PENCE IN CASH FOR EACH HASTINGS SHARE HELD.TERMS OF OFFER VALUE HASTINGS' ENTIRE ISSUED AND TO BE ISSUED SHARE CAPITAL AT APPROXIMATELY £1.66 BILLION.HASTINGS' SHAREHOLDERS WILL BE ENTITLED TO INTERIM DIVIDEND FOR 6-MONTH PERIOD ENDED 30 JUNE OF 4.5 PENCE/HASTINGS SHARE.FOLLOWING COMPLETION OF OFFER, MAIN STREET WILL HOLD A 30 PER CENT SHAREHOLDING IN HASTINGS (THROUGH BIDCO).FOLLOWING COMPLETION OF OFFER, SAMPO WILL HOLD A 70 PER CENT SHAREHOLDING IN HASTINGS.

Sampo Confirms Potential Interest In Hastings Group Holdings PLC

July 29 (Reuters) - Sampo Oyj <SAMPO.HE>::SAMPO PLC'S POTENTIAL INTEREST IN HASTINGS GROUP HOLDINGS PLC.SAMPO -CO, RAND MERCHANT INVESTMENT CONFIRM DISCUSSIONS WITH HASTINGS OF POSSIBLE CASH OFFER TO ACQUIRE ISSUED,TO BE ISSUED SHARE CAPITAL OF HASTINGS.NO CERTAINTY THAT ANY FIRM OFFER WILL BE MADE NOR AS TO TERMS ON WHICH ANY FIRM OFFER MIGHT BE MADE.

Rand Merchant Investment HY HEPS 107.5 Cents

March 12 (Reuters) - Rand Merchant Investment Holdings Ltd <RMIJ.J>::UNAUDITED SUMMARY RESULTS ANNOUNCEMENT AND CASH DIVIDEND DECLARATION FOR THE SIX MONTHS ENDED 31 DECEMBER 2019.HY DIVIDEND UNCHANGED AT 45 CENTS PER SHARE.HY NORMALISED EARNINGS DOWN 14% TO R1 804 MILLION (2018: R2 094 MILLION) ((14%) TO 117.8 CENTS PER SHARE).TRADING IN 2020 HAS STARTED IN LINE WITH EXPECTATIONS.HY HEPS 107.5 CENTS.

RMI Says Youi's Estimated Losses From Australian Bushfires A$25-$40 Mln

Jan 10 (Reuters) - Rand Merchant Investment Holdings Ltd <RMIJ.J>::JSE: RMI - VOLUNTARY ANNOUNCEMENT REGARDING AUSTRALIAN BUSHFIRES AND SALE OF YOUI NEW ZEALAND’S INSURANCE PORTFOLIO.RAND MERCHANT INVESTMENT - YOUI'S CURRENT ESTIMATE OF GROSS LOSSES RELATED TO BUSHFIRES FROM NOV TO 8 JAN 2020 RANGES A$25 MILLION & A$40 MILLION.RAND MERCHANT INVESTMENT HOLDINGS - YOUI'S EXCESS OF LOSS REINSURANCE COVER FOR CATASTROPHE EVENTS IS EXPECTED TO COVER A PROPORTION OF LOSSES.RAND MERCHANT INVESTMENT - DEPENDING ON HOW LONG BUSHFIRES CONTINUE, C.A$80 MILLION ATTACHMENT POINT MAY BE REACHED RESULTING IN A RECOVERY FROM TREATY.RAND MERCHANT INVESTMENT- RMI OWNS 89.1% OF OUTSURANCE HOLDINGS; OUTSURANCE OWNS AN EFFECTIVE INTEREST OF 84.5% IN YOUI HOLDINGS PTY.RAND MERCHANT INVESTMENT - DISCONTINUANCE OF YOUI NEW ZEALAND INSURANCE OPERATION WILL RELEASE SURPLUS CAPITAL OF CIRCA A$47 MILLION AVAILABLE TO YOUI.RAND MERCHANT INVESTMENT- YOUI ESTIMATES ABOUT A$45 MILLION-A$60 MILLION IN NET NATURAL PERILS LOSSES TO DATE INCLUDING ESTIMATED LOSS FROM BUSHFIRES.

Rand Merchant Investment Announces Sale Of Youi New Zealand Insurance Portfolio

Sept 25 (Reuters) - Rand Merchant Investment Holdings Ltd <RMIJ.J>::VOLUNTARY ANNOUNCEMENT: SALE OF YOUI NEW ZEALAND INSURANCE PORTFOLIO.SALE PRICE RANGE IS BETWEEN NZ$10 MILLION AND NZ$13 MILLION.OUTSURANCE HOLDINGS LIMITED, 89%-HELD SUBSIDIARY OF RMI, HAS AGREED TO TRANSFER ITS NEW ZEALAND INSURANCE BUSINESS.OUTSURANCE TO TRANSFER ITS NEW ZEALAND INSURANCE BUSINESS TO TOWER INSURANCE LIMITED.

Rand Merchant Investment Says FY Headline Earnings Down 7%

Sept 10 (Reuters) - Rand Merchant Investment Holdings Ltd <RMIJ.J>::AUDITED SUMMARY FINAL RESULTS ANNOUNCEMENT AND CASH DIVIDEND DECLARATION FOR THE YEAR ENDED 30 JUNE 2019.FY HEADLINE EARNINGS DOWN 7% TO R3 801 MILLION (2018: R4 081 MILLION).RESOLVED TO DECLARE A FINAL DIVIDEND OF 65.0 CENTS (2018: 65.0 CENTS) PER ORDINARY SHARE.FY INVESTMENT INCOME 632 MILLION RAND VERSUS 760 MILLION RAND.

Rand Merchant Investment Holdings HY HEPS Of 125.6 Cents

March 11 (Reuters) - Rand Merchant Investment Holdings Ltd <RMIJ.J>::HY NORMALISED EARNINGS PER SHARE 137.2 CENTS.HY EARNED PREMIUMS NET OF REINSURANCE R7 492 MILLION VERSUS R7 208 MILLION.HY HEADLINE EARNINGS PER SHARE 125.6 CENTS.HY DIVIDEND: 45C PER SHARE (2017: 39C PER SHARE).

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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