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MMI Holdings Ltd (MMIJ.J)

MMIJ.J on Johannesburg Stock Exchange

1,626.00ZAc
16 Aug 2018
Change (% chg)

11.00 (+0.68%)
Prev Close
1,615.00
Open
1,617.00
Day's High
1,655.00
Day's Low
1,615.00
Volume
2,192,231
Avg. Vol
2,765,097
52-wk High
2,424.00
52-wk Low
1,578.00

Latest Key Developments (Source: Significant Developments)

MMI Holdings Says RMI's Interest In Co Now Held Through Asset Holding Entity
Tuesday, 3 Jul 2018 

July 3 (Reuters) - MMI Holdings Ltd ::FOLLOWING INTERNAL GROUP RESTRUCTURE, RMI'S 25.45% INTEREST IN CO NOW HELD INDIRECTLY THROUGH ITS ASSET HOLDING ENTITY.  Full Article

MMI Holdings Says HY ‍Diluted Core Headline Earnings Down 3% Year-On-Year​
Wednesday, 7 Mar 2018 

March 7 (Reuters) - MMI Holdings Ltd ::HY ‍DILUTED CORE HEADLINE EARNINGS OF R1 556M (97 CENTS PER SHARE) IS DOWN 3% YEAR-ON-YEAR​.WILL TARGET A DIVIDEND COVER CENTRED AT 2.5X CORE HEADLINE EARNINGS..‍LOWER LIFE INSURANCE EARNINGS WERE MAINLY DUE TO RELEASES OF DISCRETIONARY MARGIN THAT WERE R108M LOWER THAN IN 1H2017​.OPTED TO BUY BACK SHARES IN LIEU OF PAYING OUT CASH DIVIDENDS.PLAN TO DISTRIBUTE R2BN TO SHAREHOLDERS THROUGH OPEN MARKET SHARE BUY-BACKS DURING NEXT 12 MONTHS.  Full Article

MMI Holdings ‍Announces Leadership Changes
Tuesday, 16 Jan 2018 

Jan 16 (Reuters) - MMI Holdings Ltd ::‍ANNOUNCED THAT NICOLAAS KRUGER WILL BE STEPPING DOWN AS CEO OF MMI HOLDINGS WITH EFFECT FROM 15 FEBRUARY 2018​.HILLIE MEYER HAS AGREED TO JOIN MMI ON A THREE-YEAR CONTRACT AS CEO OF MMI HOLDINGS​.‍JEANETTE MARAIS WILL JOIN GROUP AS A SECOND DEPUTY CEO; APPOINTMENT IS EFFECTIVE 1 MARCH 2018​.‍RISTO KETOLA, CURRENT CFO OF MMI HOLDINGS, HAS BEEN APPOINTED GROUP'S FINANCIAL DIRECTOR​.‍GROUP IS NOW FOCUSING ON A NARROWER SET OF NEW INITIATIVES SUCH AS AFRICAN BANK JV AND ADITYA BIRLA JV​.  Full Article

MMI Holdings says qtrly headline earnings up 54 pct ​
Thursday, 23 Nov 2017 

Nov 23 (Reuters) - MMI Holdings Ltd :‍FOR THREE MONTHS ENDED 30 SEPTEMBER 2017 DILUTED CORE HEADLINE EARNINGS ARE DOWN 4% ON 1Q17.​.‍OPERATING ENVIRONMENT REMAINS DIFFICULT IN SOUTH AFRICA AND WE DO NOT BELIEVE THAT ENVIRONMENT WILL IMPROVE MEANINGFULLY IN NEAR TERM​.FOR 3 MONTHS ENDED SEPT 30, OPERATING PROFIT WAS FLAT DESPITE INCREASE IN SPENDING ON NEW INITIATIVES IN MOMENTUM RETAIL AND IN CLIENT ENGAGEMENT SOLUTIONS​.FOR 3 MONTHS ENDED SEPT 30, HEADLINE EARNINGS, WHICH INCLUDE FULL IMPACT OF MARKET-RELATED GAINS ON OUR EARNINGS, ARE UP 54% VERSUS 1Q17.​.  Full Article

MMI expects FY diluted HEPS to be down by 23 pct-28 pct
Wednesday, 31 Aug 2016 

MMI Holdings Ltd : Trading statement . FY diluted headline earnings per share are expected to be between 130 and 140 cents per share, a decrease of between 23 and 28 percent . Decrease in core headline earnings mainly result of lower underwriting profits in certain units, a slow-down in health administration profits .Says annualised return on embedded value is expected to be between 11 and 14 percent.  Full Article

UPDATE 1-South African insurer MMI to buy back shares as earnings fall

JOHANNESBURG, March 7 South Africa's insurer MMI Holdings reported a 2.6 percent fall in half-year earnings on Wednesday and said it would start buying back some of its shares instead of paying dividends.