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Alexander Forbes Group Holdings Ltd (AFHJ.J)

AFHJ.J on Johannesburg Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Alexander Forbes Group Writes Off R1 145 Million In Goodwill
Wednesday, 27 May 2020 

May 27 (Reuters) - Alexander Forbes Group Holdings Ltd ::JSE: AFH - TRADING STATEMENT FOR THE YEAR ENDED 31 MARCH 2020.ALEXANDER FORBES - IMPACT OF COVID-19 DURING FINAL QUARTER, ITS EXPECTED FURTHER CONSEQUENCES ON ECONOMY WILL IMPEDE OUR ORIGINAL GROWTH AND COST TARGETS.ALEXANDER FORBES GROUP HOLDINGS LTD - DECIDED TO WRITE OFF GOODWILL AMOUNTING TO R1 145 MILLION AND IMPAIR RELATED INTANGIBLE ASSETS OF R47 MILLION.ALEXANDER FORBES GROUP - BOARD DECIDED TO WRITE OFF GOODWILL AMOUNTING TO R1 145 MILLION AND IMPAIR RELATED INTANGIBLE ASSETS OF R47 MILLION.ALEXANDER FORBES - PROFIT FROM OPERATIONS BEFORE NON-TRADING AND CAPITAL ITEMS FOR CURRENT PERIOD GROWTH IS EXPECTED TO REMAIN IN LINE WITH PRIOR YEAR.ALEXANDER FORBES - FY PROFIT FROM OPERATIONS BEFORE NON-TRADING AND CAPITAL ITEMS EXPECTED BETWEEN R731 MILLION AND R784 MILLION.ALEXANDER FORBES GROUP HOLDINGS LTD - FY TOTAL OPERATION HEADLINE EARNINGS PER SHARE EXPECTED BETWEEN 34.0-37.1 CENTS.  Full Article

Alexander Forbes Group Holdings Says Rainbow Capital Financial Hikes Stake In Co To 28.6%
Tuesday, 5 May 2020 

May 5 (Reuters) - Alexander Forbes Group Holdings Ltd ::JSE: AFH - DISCLOSURE OF SIGNIFICANT HOLDING OF ALEXANDER FORBES ORDINARY SHARES.ALEXANDER FORBES GROUP - RAINBOW CAPITAL FINANCIAL SERVICES HAS INCREASED ITS HOLDING IN COMPANY FROM 13.7% TO 28.6% OF CO.ALEXANDER FORBES GROUP - MERCER AFRICA DECREASED ITS HOLDING IN COMPANY FROM 30.59% TO 15.59%.  Full Article

Alexander Forbes And Mercer Agree Not To Proceed With Repurchase
Monday, 23 Mar 2020 

March 23 (Reuters) - Alexander Forbes Group Holdings Ltd ::JSE: AFH - IMPACT OF COVID-19 ON SHAREHOLDER REORGANISATION AND GENERAL MEETING.ALEXANDER FORBES GROUP HOLDINGS LTD - THERE HAS BEEN A MATERIAL CHANGE IN MARKET CONDITIONS.ALEXANDER FORBES GROUP HOLDINGS LTD - IT IS IMPOSSIBLE TO DETERMINE FOR HOW LONG THIS UNCERTAINTY WILL PERSIST.ALEXANDER FORBES GROUP HOLDINGS LTD - ALEXANDER FORBES AND MERCER HAVE CONSEQUENTLY MUTUALLY AGREED NOT TO PROCEED WITH SPECIFIC REPURCHASE AT PRESENT.ALEXANDER FORBES GROUP HOLDINGS LTD - PARTIES HAVE AGREED TO CONSIDER A POSSIBLE REPURCHASE OF SHARES AT A LATER DATE.ALEXANDER FORBES - DECISION NOT TO PROCEED WITH SPECIFIC REPURCHASE AT PRESENT WILL FURTHER STRENGTHEN CAPITAL AND LIQUIDITY POSITION OF CO.  Full Article

Alexander Forbes Group Completes Disposal Of Short-Term Business In South Africa
Friday, 31 Jan 2020 

Jan 31 (Reuters) - Alexander Forbes Group Holdings Ltd ::COMPLETION OF THE DISPOSAL OF THE SHORT-TERM BUSINESS IN SOUTH AFRICA.SALE PROCEEDS OF R2 038 MILLION WILL BE RECEIVED BY A SUBSIDIARY OF COMPANY.  Full Article

Alexander Forbes Says Kagiso Asset Management's Total Interest In Shares Of Co Increases To 5.07%
Thursday, 30 Jan 2020 

Jan 30 (Reuters) - Alexander Forbes Group Holdings Ltd ::KAGISO ASSET MANAGEMENT PROPRIETARY NOTIFIED COMPANY THAT ITS TOTAL INTEREST IN ORDINARY SHARES OF COMPANY HAS INCREASED TO 5.07%.  Full Article

Alexander Forbes Posts HY Headline Earnings Per Share Of 24.5 Cents
Monday, 9 Dec 2019 

Dec 9 (Reuters) - Alexander Forbes Group Holdings Ltd ::JSE: AFH - EXTRACT OF UNAUDITED INTERIM RESULTS AND CASH DIVIDEND DECLARATION FOR THE SIX MONTHS ENDED 30 SEPT 2019.ALEXANDER FORBES GROUP HOLDINGS LTD - HY HEADLINE EARNINGS PER SHARE, FOR TOTAL GROUP, UP 42% TO 24.5 CENTS.ALEXANDER FORBES GROUP HOLDINGS LTD - HY OPERATING INCOME FROM CONTINUING OPERATIONS UP 1% TO R1 588 MILLION.ALEXANDER FORBES GROUP HOLDINGS LTD - HY ASSETS UNDER ADMINISTRATION AND ASSETS UNDER MANAGEMENT OF R344 BILLION, DOWN 7% YEAR ON YEAR.ALEXANDER FORBES GROUP HOLDINGS LTD - INTERIM GROSS CASH DIVIDEND OF 18 CENTS (14.4 CENTS NET OF DIVIDEND WITHHOLDING TAX) PER ORDINARY SHARE.ALEXANDER FORBES GROUP HOLDINGS LTD - HY NORMALISED HEADLINE EARNINGS PER SHARE 27.2 CENTS.ALEXANDER FORBES - DISPOSAL OF THE SOUTH AFRICAN SHORT-TERM INSURANCE BUSINESS IS WELL ADVANCED.ALEXANDER FORBES - ANTICIPATE CLOSING DISPOSAL OF SOUTH AFRICAN SHORT-TERM INSURANCE BUSINESS EARLY IN 2020.ALEXANDER FORBES - PROCESS FOR DISPOSALS OF GROUP RISK BUSINESS IN S. AFRICA, SHORT-TERM INSURANCE BUSINESS IN NAMIBIA UNDER WAY.ALEXANDER FORBES - PROCESS FOR DISPOSALS OF BUSINESSES IN UGANDA AND ZAMBIA UNDER WAY.  Full Article

Alexander Forbes Sees HY HEPS Between 23.5 Cents - 25.3 Cents
Friday, 22 Nov 2019 

Nov 22 (Reuters) - Alexander Forbes Group Holdings Ltd ::JSE: AFH - TRADING STATEMENT FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2019.ALEXANDER FORBES GROUP HOLDINGS LTD - SEES HY HEADLINE EARNINGS PER SHARE BETWEEN 23.5 CENTS - 25.3 CENTS.ALEXANDER FORBES GROUP HOLDINGS LTD SEES HY BASIC EARNINGS PER SHARE 24.0 - 25.0 CENTS.ALEXANDER FORBES GROUP HOLDINGS LTD - REGULATORY APPROVAL SALE OF SOUTH AFRICAN SHORT-TERM INSURANCE BUSINESS IS EXPECTED SHORTLY.  Full Article

Alexander Forbes Announces Disposal Of Short-Term Insurance Business In South Africa
Thursday, 25 Jul 2019 

July 25 (Reuters) - Alexander Forbes Group Holdings Ltd ::PROPOSED DEAL BENEFITS CO THROUGH REALISATION OF VALUE FOR SHAREHOLDERS, BALANCES APPROPRIATE SOLUTIONS FOR CLIENTS (ADDS DROPPED WORDS).DISPOSAL OF SHORT-TERM INSURANCE BUSINESS IN SOUTH AFRICA.INTEND TO RETURN EXCESS CAPITAL FROM DEAL TO SHAREHOLDERS AFTER TAKING COGNISANCE OF INVESTMENT NEEDS OF GROUP.  Full Article

Alexander Forbes Says African Rainbow Capital Raises Stake In Co
Tuesday, 18 Jun 2019 

June 18 (Reuters) - Alexander Forbes Group Holdings Ltd ::JSE: AFH - CHANGE IN SIGNIFICANT HOLDING OF ALEXANDER FORBES SHARES.ALEXANDER FORBES- AFRICAN RAINBOW CAPITAL FINANCIAL'S TOTAL INTEREST IN ORDINARY SHARES OF HAS INCREASED FROM 8.9% TO 13.11%.  Full Article

Alexander Forbes Sees FY HEPS For Total Operations Between 42.7 And 45.3 Cents
Tuesday, 4 Jun 2019 

June 4 (Reuters) - Alexander Forbes Group Holdings Ltd ::JSE: AFH - TRADING STATEMENT FOR THE YEAR ENDED 31 MARCH 2019.ALEXANDER FORBES - SEES FY HEPS FOR TOTAL OPERATIONS BETWEEN 42.7 AND 45.3 CENTS PER SHARE.  Full Article