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MPICO Limited 2016 Annual Report

By on July 12, 2021

first_imgMPICO Limited (MPICO.mw) listed on the Malawi Stock Exchange under the Property sector has released it’s 2016 annual report.For more information about MPICO Limited (MPICO.mw) reports, abridged reports, interim earnings results and earnings presentations, visit the MPICO Limited (MPICO.mw) company page on AfricanFinancials.Document: MPICO Limited (MPICO.mw)  2016 annual report.Company ProfileMalawi Property Investment Company Limited (MPICO) is a property company with interests in property development, rentals and property management. The company owns, leases, manages and develops commercial, residential and industrial properties in major towns and cities in Malawi. MPICO’s property portfolio includes offices, high-rise buildings, residential homes, warehouses and retail outlets; providing property solutions for clients in the major towns and cities of Malawi, including Blantyre, Lilongwe and Mzuzu. MPICO owns 35 commercial buildings and a selection of flats, private-lease houses and guest lodges; Its subsidiaries included Capital Developments Limited and New Capital Properties Limited. Malawi Property Investment Company Limited (MPICO) is listed on the Malawi Stock Exchangelast_img read more

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National Insurance Corporation Limited (NIC.ug) HY2017 Interim Report

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first_imgNational Insurance Corporation Limited (NIC.ug) listed on the Uganda Securities Exchange under the Insurance sector has released it’s 2017 interim results for the half year.For more information about National Insurance Corporation Limited (NIC.ug) reports, abridged reports, interim earnings results and earnings presentations, visit the National Insurance Corporation Limited (NIC.ug) company page on AfricanFinancials.Document: National Insurance Corporation Limited (NIC.ug)  2017 interim results for the half year.Company ProfileNational Insurance Corporation Limited (now NIC Holdings Limited) is a leading insurance company in Uganda. It was established in 1964 as a wholly-owned government parastatal; and privatised in 2005 with Industrial and General Insurance Plc (IGI) purchasing a 60% stake in the insurance business through its special purpose vehicle, Corporate Holdings Limited. IGI is the largest private sector insurer and fastest growing insurance company in Nigeria, with operations in Ghana, Gambia, Uganda, Rwanda, Europe and America. The company established two wholly-owned subsidiaries; NIC General Insurance Company Limited (NIC General) which took over the general insurance business; and NIC Life Assurance Company Limited (NIC Assurance) which took over individual and group life assurance. National Insurance Corporation Limited is listed on the Uganda Securities Exchangelast_img read more

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Kenya Airways Limited (KA.tz) 2018 Abridged Report

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first_imgKenya Airways Limited (KA.tz) listed on the Dar es Salaam Stock Exchange under the Transport sector has released it’s 2018 abridged results.For more information about Kenya Airways Limited (KA.tz) reports, abridged reports, interim earnings results and earnings presentations, visit the Kenya Airways Limited (KA.tz) company page on AfricanFinancials.Document: Kenya Airways Limited (KA.tz)  2018 abridged results.Company ProfileKenya Airways Limited is the flag carrier airline of Kenya. It was wholly-owned by the government of Kenya until 1995 when the airline was privatised. Kenya Airways is now a public-private partnership with the largest shareholder being the government of Kenya (48.9%) and the balance owned by KQ Lenders Company 2017 Ltd (38.1%), KLM (7.8%) and private owners (5.2%). Kenya Airways offers domestic and international flights, ground handling services and handles import and export of cargo. Subsidiary companies of Kenya Airways include JamboJet Limited which provides local passenger air transport services, and African Cargo Handling Limited which provides cargo handling services. Kenya Airways Limited is listed on the Dar es Salaam Stock Exchange.last_img read more

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N.E.M. Insurance Company (Nigeria) Plc (NEM.ng) 2019 Abridged Report

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first_imgN.E.M. Insurance Company (Nigeria) Plc (NEM.ng) listed on the Nigerian Stock Exchange under the Insurance sector has released it’s 2019 abridged results.For more information about N.E.M. Insurance Company (Nigeria) Plc (NEM.ng) reports, abridged reports, interim earnings results and earnings presentations, visit the N.E.M. Insurance Company (Nigeria) Plc (NEM.ng) company page on AfricanFinancials.Document: N.E.M. Insurance Company (Nigeria) Plc (NEM.ng)  2019 abridged results.Company ProfileNEM Insurance Company (Nigeria) Plc offers all classes of life and non-life insurance products to the personal and corporate sectors in Nigeria. Personal products include travel, motoring, professional indemnity, goods in transit and fire and special perils. Products for small-to-medium businesses include cover for burglary, product liability, fidelity guarantee, personal/group personal accident, travel, money and motor insurance. Corporate products include cover for general business, marine, aviation, oil and gas, engineering, bonds and motor insurance. NEM Insurance Plc was established in 1948 as an agent for Edward Turner & Co.; became a Nigerian branch of NEM General Insurance Association Limited of London in 1965; and merged with Vigilant Insurance Company Limited to transact all classes of general insurance. The company has expanded its operations into the West Africa sub-region in 2009 through its subsidiary NEM Insurance (Ghana) Limited which subsequently merged with Regency Alliance to form Regency NEM Insurance (Ghana) Limited in 2016. The company’s head office is in Lagos, Nigeria. NEM Insurance Company (Nigeria) Plc is listed on the Nigerian Stock Exchangelast_img read more

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I&M Holdings Limited (IM.ke) HY2019 Interim Report

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first_imgI&M Holdings Limited (IMH.ke) listed on the Nairobi Securities Exchange under the Industrial holding sector has released it’s 2019 interim results for the half year.For more information about I&M Holdings Limited (IMH.ke) reports, abridged reports, interim earnings results and earnings presentations, visit the I&M Holdings Limited (IMH.ke) company page on AfricanFinancials.Document: I&M Holdings Limited (IMH.ke)  2019 interim results for the half year.Company ProfileI&M Holdings Limited (I&M Bank Group) is a financial services institution providing products and services for the personal, commercial and corporate sectors in Kenya, Tanzania, Rwanda, Uganda and Mauritius. Its product offering ranges from transactional accounts, home and car loans and overdraft and term loans to e-commerce payment and salary processing services, trade finance and insurance premium financing services I&M Bank Group also provides services for foreign exchange, fund transfers, tax payment, bancassurance and agency banking. Its investment management division offers securities accounts and fiduciary services and facilitates the purchase and sale of securities from the stock market and invests in government securities. Its asset finance division caters for personal and corporate clients and covers vehicle and machinery purchases and cash management services. Its head office is in Nairobi, Kenya. I&M Holdings Limitedlast_img read more

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P. O. L. I. C. Y Limited (POL.mu) Q12018 Interim Report

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first_imgP. O. L. I. C. Y Limited (POL.mu) listed on the Stock Exchange of Mauritius under the Investment sector has released it’s 2018 interim results for the first quarter.For more information about P. O. L. I. C. Y Limited (POL.mu) reports, abridged reports, interim earnings results and earnings presentations, visit the P. O. L. I. C. Y Limited (POL.mu) company page on AfricanFinancials.Document: P. O. L. I. C. Y Limited (POL.mu)  2018 interim results for the first quarter.Company ProfileP.O.L.I.C.Y Limited is an investment company that was established as a liability company. P.O.L.I.C.Y Limited is listed on the Stock Exchange of Mauritius.last_img read more

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U.A.C of Nigeria Plc (UACN.ng) Q12020 Interim Report

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first_imgU.A.C of Nigeria Plc (UACN.ng) listed on the Nigerian Stock Exchange under the Industrial holding sector has released it’s 2020 interim results for the first quarter.For more information about U.A.C of Nigeria Plc (UACN.ng) reports, abridged reports, interim earnings results and earnings presentations, visit the U.A.C of Nigeria Plc (UACN.ng) company page on AfricanFinancials.Document: U.A.C of Nigeria Plc (UACN.ng)  2020 interim results for the first quarter.Company ProfileUAC of Nigeria Plc is an investment holding company in Nigeria with diverse business interests in the food and beverages, real estate, paint and logistics sectors. The company also has business interests in the Ivory Coast. UAC of Nigeria Plc manufactures and sells a range of food items, livestock feed, bottled water, fruit juices and ice-creams as well as a range of paint and other home deco products. Well-known brands in its product portfolio include Gala sausage rolls, Funtime coconut chips, Supreme ice-cream, Swan natural spring water, Gossy spring water, Grand soya oil and cereals, Vital feeds, Binggo dog food, Dulux and Sandtex paint. UAC of Nigeria also offers logistics and supply chain management services which includes warehousing, transport and redistribution services. The company also manages a pension funds administration service. UAC of Nigeria invests in pharmaceutical outlets; operates a chain of Mr Bigg restaurants; owns and operates Golden Tulip Hotel in Lagos; and is involved in the development, sale and management of commercial and residential properties in Nigeria. The company’s head office is in Lagos, Nigeria. UAC of Nigeria Plc is listed on the Nigerian Stock Exchangelast_img read more

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Property prices rise but housebuilders fall. I’m seeing a buying opportunity

By on July 5, 2021

first_img Harvey Jones | Saturday, 29th February, 2020 | More on: PSN VTY Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. As global markets crashed amid coronavirus fears, you may have missed one piece of good economic news yesterday. House prices rose 2.3% in February, the fastest for 18 months, Nationwide‘s latest survey showed. Buyers gained confidence from Boris Johnson’s conclusive election victory in December, and took advantage of low interest rates and high employment levels.This offers some comfort for housebuilders such as Persimmon (LSE: PSN) and Vistry Group (LSE: VTY), the construction company formerly known as Bovis Homes.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…The sector has been hit by the recent panic. The Persimmon share price fell around 12% over the week, closely followed by the Vistry Group share price, down around 11%. Other sectors, notably travel and hotel, were hit much harder.A sector I likeHouse price growth was ignored amid the rush to dump stock, as investors sold off the good along with the bad and the ugly. That’s why a market crash can be an attractive buying opportunity for long-term investors, who can afford to look beyond short-term setbacks.The housing market is not immune to coronavirus worries. Estate agents fear wary buyers will remain at home, and have already reported a drop in enquiries. Also, if people are worried about the impact on their livelihoods, they will be reluctant to commit to major financial decisions, and they don’t get much bigger than buying a house.In a more extreme case, the virus could hit supply lines, or force builders to close sites, but we are far from that at the moment.Keep a close eye on marketsThis is obviously an uncertain time for everyone, even those tempted to go shopping for bargain stocks. Most analysts believe markets have further to fall, so you may wish to hold your fire a little longer, but the opportunity is getting closer. So work on your watch list, and run the rule over the likes of these two.Persimmon has been controversial for serving up huge executive bonuses while scrimping on build quality, and last Thursday’s final results were a disappointment. Total group revenue fell 2.4% to £3.65bn, profit before tax dropped £50m to £1.041bn, and margins fell too. It is now looking to rebuild its reputation after recent troubles, and the news that CEO David Jenkinson is stepping down after 15 months in post may help.Now may be a good time to buy Persimmon, ahead of its hoped-for revival. It looks tempting, trading at 12.1 times forecast earnings and yielding a forecast 7.5%, but thinly covered just 1.1 times.Of the two, I prefer Vistry Group.On Thursday, it reported “another record year of profits” with profit before tax up 12% to £188.2m, beating market consensus. Vistry’s stock still fell 3.28% that day, as coronavirus fears trumped all. It is now trading at just 10.7 times forward earnings. The yield is lower than Persimmon’s at 5.2% but cover is healthier at 1.8.As house prices rise but housebuilder share prices fall, the sector looks tempting. It may look even more tempting in the days ahead. I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Our 6 ‘Best Buys Now’ Shares I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! “This Stock Could Be Like Buying Amazon in 1997”center_img Simply click below to discover how you can take advantage of this. Harvey Jones has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Property prices rise but housebuilders fall. I’m seeing a buying opportunity Enter Your Email Address Image source: Getty Images See all posts by Harvey Joneslast_img read more

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The stock market crash may not be over. But I’d buy FTSE 100 shares and hold them forever

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first_imgThe stock market crash may not be over. But I’d buy FTSE 100 shares and hold them forever Image source: Getty Images. Peter Stephens | Friday, 27th March, 2020 | More on: ^FTSE I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Simply click below to discover how you can take advantage of this. Enter Your Email Address Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge!center_img “This Stock Could Be Like Buying Amazon in 1997” I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Peter Stephens has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Trying to estimate when the stock market will cease falling and recover is almost impossible. The spread of coronavirus and its economic impact is a known unknown. So too is investor sentiment towards the wider stock market.However, buying shares in high-quality FTSE 100 stocks today could be a good move. This may not prove to be the very lowest ebb of the FTSE 100’s crash. But the index’s valuations and track record suggest that now is a buying opportunity for long-term investors.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…Market crashThe FTSE 100’s recent decline is among its fastest ever recorded. Although there have been some signs of recovery in between its declines, the overall trend has generally been downwards. This situation may persist over the coming weeks and months depending on how coronavirus ultimately impacts the world economy.Judging exactly when to buy during such a period is fraught with difficulty. News flow is highly changeable, and investors risk waiting too long and missing out on the early stages of a market comeback.Low valuationsAs such, focusing on the long-term value available in the stock market at the present time could be a good idea. Many of the FTSE 100’s members offer wide margins of safety after recording major falls in their share prices. Compared to their historic averages, their valuations are exceptionally low in many cases. This could mean that, over time, they are able to deliver high returns as their profitability and valuations recover.Although a sustained recovery may seem unlikely right now, the FTSE 100 has experienced bear markets several times in its past. In some cases, it has taken a number of years for the index to deliver a full turnaround from its decline. But on every previous occasion it has managed to achieve this goal. Therefore, buying shares today while they appear to be cheap in many cases could be a sound means of generating high returns in the long run.Managing emotionsOne of the biggest challenges facing all investors at the present time is managing your emotions. It is easy to worry about the performances of your existing investments, which are likely to have experienced major falls in recent months. This may dissuade you from buying new stocks, thereby reducing your chances of capitalising on the FTSE 100’s low valuation.However, most investors wish to buy shares while they trade at low prices. In order for the index to trade at a low level, there usually must be a good reason for it to do so. Although this can mean there are short-term risks, the world economy is very likely to recover in the long run.Therefore, by focusing on the long-term prospects of a diverse range of shares, you can benefit from the cyclicality of the stock market. This process may not be an easy one, but history shows that some of the most successful investors have bought while their peers have been selling. This has helped them to generate relatively high returns in the long run. See all posts by Peter Stephens Our 6 ‘Best Buys Now’ Shareslast_img read more

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Here’s why I’m ignoring the Cash ISA and buying the FTSE 100

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first_img See all posts by Rupert Hargreaves Rupert Hargreaves | Sunday, 5th April, 2020 Rupert Hargreaves owns no share mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Simply click below to discover how you can take advantage of this. “This Stock Could Be Like Buying Amazon in 1997” I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Our 6 ‘Best Buys Now’ Shares Image source: Getty Images center_img I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Enter Your Email Address Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! At the time of writing, the best Cash ISA on the market offers an interest rate of just 1.31%. When compared to the 6% dividend yield on the FTSE 100, this level of income looks hugely disappointing.This higher level of income is just one of the reasons why FTSE 100 stocks could be a better buy than a Cash ISA.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…Cash ISA risksCash ISAs are a great tool you can use to save for the future. However, with interest rates where they are today, it does not make much sense to have a lot of money stashed in one of these tax-efficient wrappers.Over the past decade, the inflation rate in the UK as averaged around 2%. If the rate of inflation returns to this average, savers receiving 1.31% on their money would be left behind.An inflation rate of 2% and an interest rate of 1.31% implies a real (inflation-adjusted) rate of interest of -0.69%. A Cash ISA with a negative real rate of interest does not look like a good investment to me. As a result, while FTSE 100 stocks might look like the riskier proposition right now, from a long-term perspective, they could be the far better option. Indeed, for the three decades to the beginning of March 2020, the FTSE 100 had produced an average annual return of around 9%.This annual return isn’t guaranteed, but stocks tend to rise in line with economic growth over the long run.They are also an excellent hedge against inflation. Companies can increase prices in line with rising costs, which pushes up earnings and, potentially, dividend income.Meanwhile, cash investors have to hope interest rates go up. As we’ve seen over the past decade, that is unlikely in the near term.International diversificationAnother benefit of owning the Footsie 100 over a Cash ISA is the international diversification the index provides.Around 70% of the index’s profits come from outside the UK. This means that even if the UK economy stutters, as long as global growth continues, the blue-chip index should continue to provide a positive return for investors.That means a partial hedge against any negative economic fallout from Brexit.Look to the long termSo overall, while stocks might look like a riskier proposition than a Cash ISA at the moment, over the next three to five years, the FTSE 100 could be the better investment.Company earnings should return to grow the next year when the coronavirus outbreak is under control. Over the following few years, earning should grow steadily.On the other hand, there’s no telling when interest rates will rise again. Savers could be looking at another 10 years of near-zero interest rates. If inflation returns to its long term average, it could result in a reduction in the purchasing power of your hard-earned money.Not only does the FTSE 100 offer some protection against the scourge of inflation, but it also has international diversification, and there’s the potential for a 6% dividend yield when the economy returns to normal again. Here’s why I’m ignoring the Cash ISA and buying the FTSE 100 Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee.last_img read more

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