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Alexander Forbes Group Holdings Ltd (AFHJ.J)

AFHJ.J on Johannesburg Stock Exchange

523.00ZAc
18 Apr 2019
Change (% chg)

7.00 (+1.36%)
Prev Close
516.00
Open
507.00
Day's High
523.00
Day's Low
507.00
Volume
38,593
Avg. Vol
1,816,157
52-wk High
700.00
52-wk Low
420.00

Latest Key Developments (Source: Significant Developments)

Alexander Forbes To Commence Process To Seek Buyer For Insurance Businesses
Tuesday, 26 Mar 2019 

March 26 (Reuters) - Alexander Forbes Group Holdings Ltd ::JSE: AFH - INVESTOR UPDATE ON STRATEGIC REVIEW.ALEXANDER FORBES GROUP HOLDINGS LTD - WILL BE COMMENCING A PROCESS TO SEEK A BUYER FOR OUR INSURANCE BUSINESSES.ALEXANDER FORBES - MANAGEMENT CHANGES ARISING FROM REVISION OF STRATEGY ARE BEING ADDRESSED, TOGETHER WITH REASSIGNMENT OF INTERNAL PORTFOLIOS.ALEXANDER FORBES GROUP- WILL BE EXPLORING OPPORTUNITIES TO ACQUIRE A SIMILAR FOCUSED EMPLOYEE BENEFIT BUSINESS THAT SUPPORTS CO'S STRATEGY.  Full Article

Alexander Forbes Posts HY HEPS 16.7 Cents
Tuesday, 11 Dec 2018 

Dec 11 (Reuters) - Alexander Forbes Group Holdings Ltd ::AN INTERIM DIVIDEND OF 18 CENTS PER SHARE HAS BEEN DECLARED.HY HEADLINE EARNINGS PER SHARE 16.7 CENTS.CONCLUDED A REVIEW OF STRATEGIC ROADMAP AND RELATED PROJECTS WITHIN IT PROGRAMME.HY NORMALISED HEPS 19.2 CENTS.REVIEW RESULTED IN TERMINATION OF CONTRACT WITH PRIMARY IMPLEMENTATION PARTNER.REVIEW RESULTED IN R287 MILLION IMPAIRMENT OF CAPITALISED SOFTWARE DEVELOPMENT ASSETS.H2 EXPECTED TO BRING ADDITIONAL CHALLENGES INCLUDING IMPACT OF CLIENT LOSSES EXPERIENCED IN H1 AND ONGOING COMPETITIVE PRESSURE.HY TOTAL REVENUE 3,397 MILLION RAND VERSUS 3,208 MILLION RAND.  Full Article

Alexander Forbes Chief Financial Officer Steps Down
Wednesday, 3 Oct 2018 

Oct 3 (Reuters) - Alexander Forbes Group Holdings Ltd ::JSE: AFH - RESIGNATION OF GROUP CHIEF FINANCIAL OFFICER.ALEXANDER FORBES GROUP HOLDINGS LTD - FORD-HOON (FOK) HAS RESIGNED AS GROUP CHIEF FINANCIAL OFFICER.  Full Article

Alexander Forbes Group says Dr D Konar Resigns As Independent Non-Executive Director
Friday, 8 Dec 2017 

Dec 8 (Reuters) - Alexander Forbes Group Holdings Ltd ::DR D (LEN) KONAR HAS SUBMITTED HIS RESIGNATION AS AN INDEPENDENT NON-EXECUTIVE DIRECTOR ON BOARD WITH IMMEDIATE EFFECT.KONAR TOOK DECISION IN VIEW OF RECENTLY PUBLISHED REPORTS CONCERNING DEVELOPMENTS AT STEINHOFF, WHERE HE SERVES AS DEPUTY CHAIRMAN OF SUPERVISORY BOARD.  Full Article

Alexander Forbes Group Holdings Says HY HEPS Down By 20 Pct
Monday, 4 Dec 2017 

Dec 4 (Reuters) - Alexander Forbes Group Holdings Ltd ::WELL ON TRACK TO DELIVER OUR R200 MILLION TO R250 MILLION EXPENSE REDUCTION TARGET BY END OF 2020​.HY ‍HEADLINE EARNINGS PER SHARE DECREASED BY 20% TO 21.7 CENTS PER SHARE, DOWN 20 PERCENT​.IMPROVEMENT IN OVERALL HY GROUP TRADING MARGIN TO 25.3% COMPARED WITH 24.9% FOR SAME PERIOD LAST YEAR​.‍BOARD HAS APPROVED AN 18 CENTS INTERIM DIVIDEND, UP 6%​.  Full Article

Alexander Forbes sees HY HEPS between 20.9 - 22.3 cents​
Tuesday, 21 Nov 2017 

Nov 21 (Reuters) - Alexander Forbes Group Holdings Ltd :Sees ‍hy headline earnings per share 20.9 - 22.3 cents​.Alexander forbes group - ‍hy profit from operations before non-trading items is expected to be between 3% to 5% higher than six month period in prior year​.  Full Article

Alexander Forbes Group announces appointment of independent non-executive chairman Nonkululeko Nyembezi
Wednesday, 1 Nov 2017 

Nov 1 (Reuters) - ALEXANDER FORBES GROUP HOLDINGS LTD : :ANNOUNCES APPOINTMENT OF INDEPENDENT NON-EXECUTIVE CHAIRMAN MS NONKULULEKO NYEMBEZI .‍NYEMBEZI SUCCEEDS MR SELLO MOLOKO AND JOINS COMPANY AT A TIME OF STRATEGIC AND BUSINESS TRANSFORMATION.  Full Article

Alexander Forbes appoints Naidene Ford-Hoon as CFO
Tuesday, 4 Jul 2017 

July 4 (Reuters) - Alexander Forbes Group Holdings Ltd :Appoints Naidene Ford-Hoon as group chief financial officer.Appointments effective from 1 September 2017.  Full Article

Alexander Forbes Group says current chairman Sello Moloko will remain non-executive chairman
Monday, 3 Jul 2017 

July 3 (Reuters) - Alexander Forbes Group Holdings Ltd :Moses Kgosana resigned as non-executive director, was due to take up role of chairman as at 31 August, now withdrawn from this role.Since being aware of KPMG allegations, Kgosana believes resignation "correct course of action for himself,co,clients,shareholders".Kgosana felt role of chairman while "attending to allegations, will interfere with his deliverable expectations".Current chairman Sello Moloko will remain non-executive chairman in interim.  Full Article

Alexander Forbes appoints Moses Kgosana as chairman
Tuesday, 13 Jun 2017 

June 13 (Reuters) - Alexander Forbes Group Holdings Ltd :‍Retirement of non-executive chairman of board, Sello Moloko, with effect from 31 August 2017​.Appointed Moloko's successor, independent non- executive director Moses Kgosana as independent chairman with effect from same date​.  Full Article