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United States

Sanlam Ltd (SLMJ.J)

SLMJ.J on Johannesburg Stock Exchange

7,031.18ZAc
19 Jun 2018
Change (% chg)

3.18 (+0.05%)
Prev Close
7,028.00
Open
6,910.00
Day's High
7,152.00
Day's Low
6,882.00
Volume
6,602,311
Avg. Vol
6,553,644
52-wk High
9,849.00
52-wk Low
6,328.00

Latest Key Developments (Source: Significant Developments)

Sanlam Says Raised 5.7 Bln Rand Via Placing
Wednesday, 28 Mar 2018 01:05am EDT 

March 28 (Reuters) - Sanlam Ltd ::‍TOTAL OF 65.5 MILLION NEW ORDINARY SHARES IN COMPANY HAVE BEEN PLACED BY J.P. MORGAN SECURITIES PLC AND DEUTSCHE BANK AG​.‍PLACING AT A PRICE OF ZAR87.00 PER SHARE, RAISING GROSS PROCEEDS OF APPROXIMATELY ZAR5 700 MILLION​.‍PLACING SHARES BEING ISSUED REPRESENT APPROXIMATELY 3.0% OF COMPANY'S ISSUED ORDINARY SHARE CAPITAL​.  Full Article

Books Covered On Sanlam Up To ZAR 5.7 Bln Primary Placing - Bookrunner ‍​
Tuesday, 27 Mar 2018 01:00pm EDT 

March 27 (Reuters) - Bookrunner::BOOKRUNNER SAYS BOOKS ARE COVERED ON SANLAM UP TO C.ZAR5.7BN PRIMARY PLACING‍​.  Full Article

Sanlam Posts FY Diluted HEPS Of ‍481.3​ Cents Versus. 488.1 Cents
Thursday, 8 Mar 2018 12:06am EST 

March 8 (Reuters) - Sanlam Ltd ::FY DILUTED HEADLINE EARNINGS PER SHARE ‍481,3​ CENTS VERSUS. 488.1 CENTS AS REPORTED YEAR AGO.FY ‍NORMAL DIVIDEND PER SHARE OF 290 CENTS, UP 8,2%​.FY ‍NET VALUE OF NEW COVERED BUSINESS UP 15% TO R1.8 BILLION​.‍FY NET NEW COVERED BUSINESS MARGIN OF 2,94% (2,69% IN 2016)​.FY ‍NEW BUSINESS VOLUMES DECLINED BY 1% TO R230 BILLION​.‍FY NET FUND INFLOWS OF R35 BILLION COMPARED TO R41 BILLION IN 2016​.FY ‍RETURN ON GROUP EQUITY VALUE PER SHARE OF 14,8%​.  Full Article

‍Sanlam Updates On Exposure To Steinhoff International Holdings ​
Thursday, 21 Dec 2017 08:00am EST 

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 07:00am EST 

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

Sanlam says ‍HY new business volumes down 4 pct
Thursday, 7 Sep 2017 01:06am EDT 

Sept 7 (Reuters) - Sanlam Ltd ::‍HY GROUP EQUITY VALUE PER SHARE OF R54.69​.‍HY RETURN ON GROUP EQUITY VALUE PER SHARE OF 6.1% FOR SIX-MONTH PERIOD​.HY ‍NET FUND INFLOWS OF R19 BILLION COMPARED TO R22 BILLION IN 2016​.‍HY NEW BUSINESS VOLUMES DECLINED BY 4% TO R110 BILLION (DOWN 2% IN CONSTANT CURRENCY)​.HY ‍NET VALUE OF NEW COVERED BUSINESS UP 11% TO R782 MILLION (UP 17% IN CONSTANT CURRENCY)​.‍SANLAM GROUP SAM COVER RATIO OF 2.1 TIMES; SANLAM LIFE INSURANCE LIMITED SAM COVER RATIO OF 3 TIMES​.HY DILUTED HEADLINE EARNINGS PER SHARE AT 225,3 CENTS VERSUS 277,2 CENTS YEAR AGO.‍DISPOSAL OF GROUP'S STAKES IN ENTERPRISE GROUP IN GHANA WILL ALSO IMPACT ON FULL-YEAR GROWTH FOR 2017 AND 2018​.‍PROSPECTS FOR SOUTH AFRICA WILL REMAIN MUTED FOR REMAINDER OF 2017 AND 2018​.  Full Article

Purple Group announces proposed sale of shares in First World Trader Proprietary Ltd
Monday, 14 Aug 2017 11:30am EDT 

Aug 14 (Reuters) - PURPLE GROUP LTD ::PROPOSED SALE OF SHARES IN FIRST WORLD TRADER PROPRIETARY LIMITED BY PURPLE.ENTERED INTO AGREEMENTS WITH SANLAM INVESTMENT HOLDINGS PROPRIETARY LIMITED (SIH), A WHOLLY-OWNED SUBSIDIARY OF SANLAM LIMITED.SALE AGREEMENT IN TERMS OF WHICH SIH WILL ACQUIRE 450,000 ORDINARY SHARES, CONSTITUTING 30 PERCENT OF ALL SHARES, OF FIRST WORLD TRADER PROPRIETARY FROM PURPLE GROUP.SIH WILL ACQUIRE A 30 PERCENT SHAREHOLDING IN EASYEQUITIES FOR A CONSIDERATION OF R100 MILLION.PURCHASE CONSIDERATION WILL BE SETTLED IN CASH AND BE UTILISED BY PGL AND ITS OTHER SUBSIDIARIES TO SETTLE INTER-GROUP LOANS, CURRENTLY OWING TO FIRST WORLD TRADER PROPRIETARY.  Full Article

Tavistock Investments enters deal to sell issued share capital of Tavistock Financial to Sanlam UK
Thursday, 10 Aug 2017 02:00am EDT 

Aug 10 (Reuters) - Tavistock Investments PLC :Entered into agreement for sale of whole of issued share capital of Tavistock Financial to Sanlam UK.Deal will see Sanlam UK acquire Tavistock Financial's network of financial advisers, support staff for cash consideration of £1 million.There will be no material impact on flow of funds into group's centralised investment proposition or on future profitability of group.  Full Article

Sanlam Group says key trends emerging during 2016 persisted into 2017
Wednesday, 7 Jun 2017 07:55am EDT 

June 7 (Reuters) - Sanlam Ltd :Group maintained a resilient operational performance for first four months of 2017 financial year.Key trends emerging during 2016 financial year persisted into 2017.Sanlam - strong growth in more profitable recurring premium risk business in south africa supported sterling growth in value of new life business at a higher overall margin.First four months of 2017 was a very eventful period for south africa.For four months to 30 april 2017, new business volumes of r71 billion, down 4% on first four months of 2016 financial year.For four months to april 30, normalised headline earnings per share increased by 9% compared to first four months of 2016 financial year.All of group operations remain well capitalised.  Full Article

Sanlam announces changes to its executive committee
Tuesday, 28 Mar 2017 09:45am EDT 

Sanlam Ltd : Chief Executive Officer Sanlam Personal Finance Hubert Brody will step down on May 31 to attend more closely to his other interests . Jurie Strydom, currently joint deputy CEO of SPF, has been appointed CEO of SPF and will take over on June 1 .With effect from April 1, Temba Mvusi, chief executive of group market development, appointed as acting CEO of Sanlam corporate cluster.  Full Article

Investors build up exposure to beaten-down UK infrastructure

LONDON Leading shareholders in British listed infrastructure funds are doubling down on their investments, betting the political worries that sent valuations to decade-lows are overdone.