Summary Marketline's Absa Bank Limited Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Absa Bank Limited - Mergers & Acquisitions (M&A), Partnerships & Alliances since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments...
Summary Absa Bank Ltd - Company Profile and SWOT Analysis, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights Absa Bank Ltd (Absa Bank), a subsidiary of Absa Group Limited, is a provider of a range of banking products and related financial solutions. Its offerings consist of a range of deposits and accounts such ...
Summary Sanlam Ltd - Company Profile and SWOT Analysis, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights Sanlam Ltd (Sanlam) is a diversified financial services company. The company's primary activities include life insurance, general insurance, investment management, and wealth management. Sanlam offers a wide...
Summary Hollard Insurance Group - Company Profile and SWOT Analysis, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights Hollard Insurance Group (Hollard) is a provider of multi-line insurance products. The group operates through Hollard Life Assurance Company Limited (Hollard Life) and Hollard Insurance Company L...
An African giant in the Banking space We initiate coverage of Standard Bank Group (SBK) with a BUY recommendation and a target price of R217.00. SBK is currently trading at a 19% discount relative to our target price, which is a combination of three valuation methods. Our Discounted Dividend valuation yielded a target price of R189.14, while our Gordon’s Growth valuation and Residual Income valuation for the bank came in at R224.12 and R19...
The general evaluation of STANDARD BANK GROUP (ZA), a company active in the Money Center Banks industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 4 out of 4 possible stars while its market behaviour can be considered as moderately risky. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Slightly Positive. As of the analysis date January 4, 2022, the closing pr...
The general evaluation of SANLAM (ZA), a company active in the Life Insurance industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 3 out of 4 possible stars while its market behaviour can be considered as defensive. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Positive. As of the analysis date December 28, 2021, the closing price was ZAR 58.94 and its poten...
The general evaluation of TRANSACTION CAPITAL (ZA), a company active in the Investment Services industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 4 out of 4 possible stars while its market behaviour can be considered as defensive. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Positive. As of the analysis date August 20, 2021, the closing price was ZAR 37....
Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
Alexander Forbes announced a shareholder restructure as Mercer will sell its 34.4% shareholding in AFH. AFH will buyback a 200m shares from Mercer at 515cps for R1bn. We attended a Transaction Capital site visit to see SA Taxi's operations. Management are confident in SA Taxi's ability to grow attributable earnings by c.20% y/y. We highlight the returns from several large SA equity funds. Sanlam followed by Coronation performed the best with one-year returns of 17.7% and 15.5% respectively. P...
FirstRand (FSR) will release H1 '20 (to Dec '19) results on 10 Mar '20. Based on our pre-close discussion with management, we have reduced our earnings growth expectations due to lower revenue growth (particularly lower non-interest revenue and lower NIMs) and higher than expected growth in operating expenses (management expects flat or negative JAWS). While the muted earnings growth is disappointing, the outcome highlights that FSR continues to gain profitable market share in FNB SA.
Transaction Capital (TCP) reported 18% HEPS growth despite a challenging economy. SA Taxi and TCRS have generated a five-year CAGR of 21% and 29% respectively. We believe SA Taxi's vertically integrated business model supports high margins. Aggressive book buying (R1.2bn in FY '19) supported TCRS's growth. Despite the defensive nature of the operations, any improvement in SA economic growth would support an acceleration in TCRS's collections revenue. The Group has excess capital of R950m, w...
A director at FirstRand Limited sold 200,000 shares at 67.513ZAR and the significance rating of the trade was 100/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years cle...
Standard Bank's (SBK) Q3 '19 trading update reflected a disappointing trend, as headline earnings declined 1% y/y in Q3 '19 (+2% y/y for the first nine months of 2019). While most of the decline in earnings was probably due to continued losses in ICBCS Plc, we believe the result implies a weaker quarter for SBK's Banking activities (or SA / African banking operations). Despite the Q3 result, we believe the bank's earnings growth prospects remain strong. SA retail credit growth, advances and c...
A director at JSE Limited sold 14,000 shares at 131.000ZAR and the significance rating of the trade was 59/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly sh...
A director at Standard Bank Group Limited sold 100,587 shares at 185.055ZAR and the significance rating of the trade was 100/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last tw...
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