Santam $JSESNT trading update for the full year:
EPS 55% - 75% higher y/y
HEPS 17% - 37% higher y/y
Increase in HEPS mostly attributable to improved investment returns earned in 2023.
Net underwriting margin is expected to be below the long-term target range of 5% to 10% of net earned premiums.
Nice interim results from Santam $JSESNT this morning.
- Net income R1.28 billion vs. R537 million y/y
- Interim dividend per share R4.95
- EPS R11.70 vs. R4.75 y/y
Nice interim results from Santam $JSESNT this morning.
- Net income R1.28 billion vs. R537 million y/y
- Interim dividend per share R4.95
- EPS R11.70 vs. R4.75 y/y
Santam $JSESNT trading update for first-half 2023 - at least one with positive results.
- HEPS expected to increase between 135% - 155%
- Basic EPS expected to increase between 130% - 150%
Increase in profitability due to improved underwriting and increase in investment income.
Good day on JSE. ALSI 1.27%. Cautious trading in some sectors as bear market of Monday now a distant memory. Goldies down, retail and banking mixed. Oil recovers, now above $72. US markets small caps Russell 2000 up.
Winners: $JSEHMN, $JSESNT
Losers: $JSEVKE (ex-div), Goldies.
ALSI 0.18% as it tried to recoup winnings it gave up towards the end. 🙄 Banks, grocery retailers and telecoms doing well today, resources down. US markets open to oil counters up as crude oil $70.94.
Winners: $JSETKG, $JSEMN (Sasol waz here)
Losers: $JSESNT (E)