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Old Mutual-UAP Holdings FY2016 profit down 8%
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Ericsson
#1 Posted : Monday, March 13, 2017 11:10:15 PM
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Joined: 12/4/2009
Posts: 10,639
Location: NAIROBI
Net Profit drop from sh.896mn to 825mn
Devaluation of the South Sudanese pound and reduction in the price of shares at the NSE cost UAP Holdings sh.756mn
Dividend at sh.1.70 per share
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Flo-ology
#2 Posted : Tuesday, March 14, 2017 7:12:35 AM
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Joined: 12/17/2016
Posts: 225
Most of the insurance firms seem to be doing bad. Let's wait for Britam results this week
Reflection Eternal
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Pesa Nane
#3 Posted : Tuesday, March 14, 2017 7:51:39 AM
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Pesa Nane plans to be shilingi when he grows up.
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Ericsson
#4 Posted : Sunday, June 18, 2017 7:39:55 PM
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UAP is selling its DRC subsidiary according to the AGM circular
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Ericsson
#5 Posted : Sunday, July 16, 2017 8:05:47 AM
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Counter is trading at OTC at 180.
That is a big big over-valuation.P/E is about 45.
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Spikes
#6 Posted : Sunday, July 16, 2017 8:31:46 AM
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Joined: 9/20/2015
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Ericsson wrote:
Counter is trading at OTC at 180.
That is a big big over-valuation.P/E is about 45.

Corporate thuggery!
John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Ericsson
#7 Posted : Tuesday, August 15, 2017 1:57:20 PM
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http://www.businessdaily...57364-96ok1rz/index.html
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Ericsson
#8 Posted : Tuesday, April 03, 2018 10:28:39 AM
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https://www.businessdail...9602-6qqonmz/index.html

UAP Holdings directors Joe Wanjui and James Muguiyi have an option to sell a combined six per cent stake in the insurer to Old Mutual Plc before September in a deal that could earn them Sh3.4 billion.

The London-based conglomerate disclosed the existence of the put option in a trading update, alerting its shareholders that its stake in the local insurer could rise to 67 per cent from the current 61 per cent.
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Ericsson
#9 Posted : Thursday, May 24, 2018 8:36:40 PM
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Joined: 12/4/2009
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News out that UAP Old Mutual retrenched 50% of its work force.
They received their letters today
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Wororo
#10 Posted : Thursday, May 24, 2018 10:03:48 PM
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Joined: 1/30/2011
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Ericsson wrote:
News out that UAP Old Mutual retrenched 50% of its work force.
They received their letters today


They had been told to apply afresh... That's what I heard...
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Angelica _ann
#11 Posted : Friday, May 25, 2018 6:14:20 AM
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Joined: 12/7/2012
Posts: 11,901
Wororo wrote:
Ericsson wrote:
News out that UAP Old Mutual retrenched 50% of its work force.
They received their letters today


They had been told to apply afresh... That's what I heard...





Probably Old Mutual getting rid of UAP employees they inherited!!!! Clash of work cultures, my thinking.
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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obiero
#12 Posted : Friday, May 25, 2018 7:04:37 AM
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Joined: 6/23/2009
Posts: 13,475
Location: nairobi
Angelica _ann wrote:
Wororo wrote:
Ericsson wrote:
News out that UAP Old Mutual retrenched 50% of its work force.
They received their letters today


They had been told to apply afresh... That's what I heard...





Probably Old Mutual getting rid of UAP employees they inherited!!!! Clash of work cultures, my thinking.

Sad

HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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Ericsson
#13 Posted : Monday, June 18, 2018 11:41:27 AM
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Joined: 12/4/2009
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https://www.businessdail...7980-10j4w1h/index.html

Debt debt debt and more debt killing companies in Kenya
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