Company announcements

Sanlam Ltd

Analysis of upcoming company announcements, using our  market insight information and analysis tools.

For this edition, we cover the following stocks:

MTN Group Ltd

Standard Bank Group Ltd

Exxaro Resources Ltd

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Economic catalysts

Sanlam Ltd

Full year results for the 12 months ending 31 December 2013 expected on the 6th of March 2014 

Sanlam Limited (Sanlam) is a financial services company. It operates in five business segments: Sanlam Personal Finance; Sanlam Emerging Markets; Sanlam Institutional Cluster; Santam and Corporate and other. The Sanlam Personal Finance cluster is responsible for Sanlam’s retail business in South Africa. It provides clients across all market segments a range of financial solutions.

Results expectation

Sanlam Ltd is expected to release full year results for the 12 months ending 31 December 2013 on the 6th of March 2014.

Sanlam has guided that it expects diluted Headline Earnings Per Share to be 35% to 40% higher than that of the comparative period. Net operating profit is expected to be between 30% and 38% higher over the period. This figure would include first time contributions from in its investment in Malaysia as well as increased holdings in Shiriram Group (India) and Capricorn Investment holdings (Namibia).

Sanlam has recently acquired a 35% stake in Nigeria’s listed Insurer FBN life Assurance Limited. Sanlam Group’s emerging market business now has inroads into eleven African countries as well as heavy populous emerging markets India and Malaysia.

 

Source: IG Insight, as of 15:18 28/02/2014

Source: IG Insight, as of 15:18 28/02/2014

Technical View

A weekly chart of Sanlam highlights a long-term uptrend which is firmly intact.

The volume bars, circled in red, highlight investor enthusiasm supporting the price when short-term weakness has afforded opportunity. The price and volume relationship is considered bullish in technical analysis terms and a short-term target at 5430 is favoured with the channel resistance providing a longer-term target at 5865.

The price trading firmly below trend line support at 4750 would render the aforementioned signals to have failed.

Source:  ProRealTime charts, as of 28/02/2014

Fundamentals

Source: IG Insight, as of 15:23, as of 28/02/2014

Source: IG Insight, as of 15:23 28/02/2014

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