African Bank Investments - 500 Beiträge pro Seite
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Beiträge: 146
ID: 1.158.534
ID: 1.158.534
Aufrufe heute: 3
Gesamt: 8.508
Gesamt: 8.508
Aktive User: 0
ISIN: ZAE000030060 · WKN: 865986
0,0001
USD
0,00 %
0,0000 USD
Letzter Kurs 26.11.15 Nasdaq OTC
Neuigkeiten
Werte aus der Branche Finanzdienstleistungen
| Wertpapier | Kurs | Perf. % |
|---|---|---|
| 3,0000 | +500,00 | |
| 0,6800 | +312,12 | |
| 1,6800 | +15,87 | |
| 2,1400 | +12,93 | |
| 1,0900 | +11,32 |
| Wertpapier | Kurs | Perf. % |
|---|---|---|
| 7,1100 | -9,89 | |
| 9,0700 | -12,45 | |
| 1,5000 | -23,08 | |
| 0,7500 | -25,00 | |
| 0,5338 | -31,13 |
Feedback
bin durch den Dividenden-Riesen Thread: Dividenden-Riesen? auf den Wert aufmerksam geworden; derzeit knapp 6% Div.rendite
konnte keine Anhaltspunkte finden, die einen Kauf rechtfertigen würden, aber.... ???? werde dran bleiben 
Antwort auf Beitrag Nr.: 39.746.230 von JanaFee am 28.06.10 15:44:12finde die DR nicht so shclecht; EK-Rendite 17,4%, Retailbanking in einem wachsenden Land
Habe mir mal ein paar Stück hingelegt und werde in den nächsten Monaten beobachten...
Habe mir mal ein paar Stück hingelegt und werde in den nächsten Monaten beobachten...
habe mir mal einige Aktien ins Depot gelegt, schauen mir mal ??? 
4,10 USD= 3,25 €
Trading Spotlight
starke Aktie ??? in Südafrika 3,5 Euro
JOHANNESBURG (Reuters) - African Bank Investments (Abil), a South African mass-market lender, said on Wednesday loans grew 13 percent in the nine months to June, and forecast steady performance ahead.
Lenders in South Africa have struggled to post convincing growth as unemployment and personal debt remain high following a recession that ended last year.
Abil, which also owns a furniture retailer, said in a trading update on Wednesday it was helped by growing demand for credit cards and strong merchandise sales in the run-up to the 2010 soccer World Cup.
The bank said as of the end of June, its gross loans grew 13 percent to 22.9 billion rand, on a year-to-date basis.
The lender, whose financial year begins in October, gave few absolute or comparative figures about its performance.
Non-performing loans of as a precentage of loans "reduced modestly" in the April-June quarter, the bank said.
Sales for the quarter increased by nearly 30 percent, it said, another sign that South Africa's slow recovery may be gaining traction.
Shares of Abil are up about 3 percent so far this year, roughly in line with the benchmark All-share index.
Lenders in South Africa have struggled to post convincing growth as unemployment and personal debt remain high following a recession that ended last year.
Abil, which also owns a furniture retailer, said in a trading update on Wednesday it was helped by growing demand for credit cards and strong merchandise sales in the run-up to the 2010 soccer World Cup.
The bank said as of the end of June, its gross loans grew 13 percent to 22.9 billion rand, on a year-to-date basis.
The lender, whose financial year begins in October, gave few absolute or comparative figures about its performance.
Non-performing loans of as a precentage of loans "reduced modestly" in the April-June quarter, the bank said.
Sales for the quarter increased by nearly 30 percent, it said, another sign that South Africa's slow recovery may be gaining traction.
Shares of Abil are up about 3 percent so far this year, roughly in line with the benchmark All-share index.
eine Bank, die nur eine Richtung kennt, nach oben.....ich finde ein sehr gute Aktie. oder ????
Antwort auf Beitrag Nr.: 40.473.252 von JanaFee am 08.11.10 10:27:24Bin ganz deiner Meinung, die Aktie hat viel Potenzial nach oben, wenn die afrikanische Wirtschaft auch gut funktioniert..
Der Weg ist erstmal frei in Richtung 4€ +
bin hier bei 2,40 eingestiegen obwohl der Kurs danach auf 1.60 fiel
naja man kann es ja nie wissen..
Gruß Jetix
Der Weg ist erstmal frei in Richtung 4€ +
bin hier bei 2,40 eingestiegen obwohl der Kurs danach auf 1.60 fiel
naja man kann es ja nie wissen..
Gruß Jetix
Antwort auf Beitrag Nr.: 40.475.928 von Jetix am 08.11.10 17:26:09das wir bei dieser Bank investiert sind, bezeichne ich als Glücksgriff
VOLUNTARY SALES UPDATE
ABIL indicated in its annual results announcement for the twelve months to
September 2010 that it had achieved a significant increase in credit sales in
the second half of the 2010 financial year, which represented growth of 33% over
the prior year's comparable period. This growth was achieved largely on the back
of various new product initiatives and a reinvigorated distribution network, and
was amplified by the relatively low base of 2009.
In order to provide investors with timely insights into operational performance
trends, the group would like to confirm that the accelerating sales momentum has
been sustained into the new financial year. While some seasonal growth is to be
expected over the traditional peak trading period, group credit sales for
October 2010 and November 2010 increased by some 60% over the prior year's
comparable period. The growth in credit sales has been driven largely by a
significant increase in application volumes, including strong growth in new
clients.
Investors should note that this sales data is not in itself an indicator of
group profitability, and has not been reviewed or reported on by ABIL's external
auditors.
Further details for the quarter ended December 2010 will be provided on the 7th
of February 2011, when the group is scheduled to release its first quarter
trading update.
Midrand
3 December 2010
ABIL indicated in its annual results announcement for the twelve months to
September 2010 that it had achieved a significant increase in credit sales in
the second half of the 2010 financial year, which represented growth of 33% over
the prior year's comparable period. This growth was achieved largely on the back
of various new product initiatives and a reinvigorated distribution network, and
was amplified by the relatively low base of 2009.
In order to provide investors with timely insights into operational performance
trends, the group would like to confirm that the accelerating sales momentum has
been sustained into the new financial year. While some seasonal growth is to be
expected over the traditional peak trading period, group credit sales for
October 2010 and November 2010 increased by some 60% over the prior year's
comparable period. The growth in credit sales has been driven largely by a
significant increase in application volumes, including strong growth in new
clients.
Investors should note that this sales data is not in itself an indicator of
group profitability, and has not been reviewed or reported on by ABIL's external
auditors.
Further details for the quarter ended December 2010 will be provided on the 7th
of February 2011, when the group is scheduled to release its first quarter
trading update.
Midrand
3 December 2010
Antwort auf Beitrag Nr.: 40.546.735 von JanaFee am 18.11.10 15:25:30Ein Glücksgriff war es keinesfalls, es war eher die Schlußfolgerung meiner sachlichen Intuition die Meldung hört sich auch positiv an und am 10 Dez 10 gibt es wieder die zweite Div. dieses Jahr in Höhe von 1 ZAR 
Quelle: http://www.boersen-zeitung.de/index.php?li=24&l=0∈=ZAE000030…
weiter so
die Meldung hört sich auch positiv an und am 10 Dez 10 gibt es wieder die zweite Div. dieses Jahr in Höhe von 1 ZAR 
Quelle: http://www.boersen-zeitung.de/index.php?li=24&l=0∈=ZAE000030…
weiter so
Div. erhalten......0,1099 €
die Aktie ist 2010 sehr gut gelaufen. Wünsche allen einen guten Rutsch ins neue Jahr.
Dividende war 0,85 ZAR am 20.6.; Zahlen für GJ-Ende 30.9.2011 kommen am 21.11.
Gezahlt werden wieder 100Cent.
http://africanbank.investoreports.com/sens-2011/reviewed-res…
http://africanbank.investoreports.com/sens-2011/reviewed-res…
EPS >+20%!
wie hoch war die Div. 2012 ?
die Div. 1,10 ZAR=0,0955€; Zahltag:18.12.2012
Antwort auf Beitrag Nr.: 40.546.735 von JanaFee am 18.11.10 15:25:30aber seitdem lief's nicht mehr so recht...
Antwort auf Beitrag Nr.: 43.866.834 von R-BgO am 27.11.12 16:46:51habe mich gefragt, was den Kurs so drücken könnte und nur Folgendes gefunden:
Nov 19th, 2012
Johannesburg - African Bank Investments [JSE:ABL] reported an 18% rise in annual profit on Monday that missed market expectations, a sign that demand for unsecured lending could be cooling.
The mass-market lender said diluted headline earnings per share totalled 342.5 cents in the year to end- September, compared with 291c a year earlier.
A poll of 12 analysts had expected earnings to increase 25% to 362c, according to Thomson Reuters data.
Headline EPS, which excludes some one-time and financial items, is the main measure of profit in South Africa.
The company said it increased dividends by 5% to 195c, higher than the 183c expected by in the poll of analysts.
Interest income rose 36% to R9.9bn and non-interest income rose 12% to R3.3bn.
Abil shares are down 13% this year, compared with over 14% growth by Johannesburg Top-40 index.
===============================================================
Nov 27th, 2012
Merril Lynch has flagged insurance as a key risk to the profitability of unsecured lenders.
JOHANNESBURG - Despite the sale of protection insurance with unsecured lending being prohibited in the United Kingdom (UK), it is common practice in South Africa (SA).
Clark Gardner, CEO of consumer facing financial entities 6cents.co.za and Summit Financial Wellbeing, has raised questions over the ethics and legality of the credit life insurance charges charged by a number of credit lenders with their offerings.
For example, African Bank’s (Abil’s) annual financial statements, published last Monday showed that it generated R3.8bn in revenue through the sale of insurance of which only R817m (21.5%) was dispersed to clients in response to claims.
This excludes an R95m general provision deduction for claims expected as a result of recent strike violence.
Abil is not the only player in the unsecured lending market with high insurance costs.
However, according to the National Credit Act (NCA) it is illegal for a credit provider to offer or demand that a consumer purchase insurance which is “unreasonable” or that “has an unreasonable cost to the consumer, having regard to the actual risk and liabilities involved in the credit agreement”.
The reasonability requirements of the NCA make it incumbent on a credit provider to offer insurance which is in line with market rates and which is not excessive as compared against the cost incurred by the creditor when selling the insurance.
Gardner believes that Abil has fallen short of these requirements.
“They are clearly making significant profits on their credit life insurance and although not the most expensive of the lenders providing credit to the unsecured market, the margins do seem excessive and we do not believe that this is in line with the spirit of NCA,” he says.
According to Gardner, a market related benchmark claims the revenue ratio for credit insurance would be closer to a 60% level as compared to Abil’s 21.5%.
“The second thing is that other market players out there such as Hollard are only charging an average of R4.50 per R1 000 for credit insurance; Abil’s charges seem to be around R8.50.
“Currently we feel that ‘reasonable’ is more in the region of R5 per R1 000 of credit granted.”
The NCA falls short in not providing a cost-cap in line with the reasonability clause meaning that what constitutes an “unreasonable” charge remains “subjective”, says Ronald Sabelo, legal adviser to the NCR. This allows for various parties to interpret the definition as would best suite their vested interesst, adds Sabelo.
http://www.moneyweb.co.za/moneyweb-financial/abils-excessive…
===============================================================
Nov 27th, 2012
Comment from Nithia Nalliah, CFO of Abil.
As a business we are committed to cover the risk needs of our specific customer base over the duration of our relationship in a complete and competitive way. Our customers who mainly earn lower incomes are particularly open to bad luck events. They are susceptible to loss of jobs and loss of personal effects and have low levels of resources to recover from such losses without the help of insurance. As a business, we try to limit and reduce our exclusions so that our customers can trust that when such an event occurs, they will receive a payout without fuss. Therefore a comparison of benefits and exclusions should also be included for a valid comparison of insurance policies.
It is difficult to just compare insurance premiums across providers, since premiums rates are fixed at the inception of the policy & the benefits & risks assumed are relative to balance outstanding from time to time. It is not proper to evaluate profitability of insurance companies in isolation in a year or years when claims are very low but to also consider risk assumed relating to future when risks materialise eg 2009 when SA lost over 1 million jobs, current mining & other sector labour unrest that could result in mass lay-offs, etc
The very principle of looking at an insurance companies profits in any one year & concluding it's premiums are unreasonably high compared to competitors cannot be correct.
The quantum of our premiums needs to cover the scale of the risks we take as well as their duration and all these factors need to be considered holistically e.g settle full loan balance in event of death, disability & retrenchment, pay instalments in event of short-time etc. We are mindful that our pricing has to be reasonable and legitimate which we believe it is. We have constantly led the way in changing industry practices in insurance and have worked with the FSB and the NCR on the proposed revision of Insurance regulation, which we believe can and should be improved in order to address some market practices which we do not support.
Nov 19th, 2012
Johannesburg - African Bank Investments [JSE:ABL] reported an 18% rise in annual profit on Monday that missed market expectations, a sign that demand for unsecured lending could be cooling.
The mass-market lender said diluted headline earnings per share totalled 342.5 cents in the year to end- September, compared with 291c a year earlier.
A poll of 12 analysts had expected earnings to increase 25% to 362c, according to Thomson Reuters data.
Headline EPS, which excludes some one-time and financial items, is the main measure of profit in South Africa.
The company said it increased dividends by 5% to 195c, higher than the 183c expected by in the poll of analysts.
Interest income rose 36% to R9.9bn and non-interest income rose 12% to R3.3bn.
Abil shares are down 13% this year, compared with over 14% growth by Johannesburg Top-40 index.
===============================================================
Nov 27th, 2012
Merril Lynch has flagged insurance as a key risk to the profitability of unsecured lenders.
JOHANNESBURG - Despite the sale of protection insurance with unsecured lending being prohibited in the United Kingdom (UK), it is common practice in South Africa (SA).
Clark Gardner, CEO of consumer facing financial entities 6cents.co.za and Summit Financial Wellbeing, has raised questions over the ethics and legality of the credit life insurance charges charged by a number of credit lenders with their offerings.
For example, African Bank’s (Abil’s) annual financial statements, published last Monday showed that it generated R3.8bn in revenue through the sale of insurance of which only R817m (21.5%) was dispersed to clients in response to claims.
This excludes an R95m general provision deduction for claims expected as a result of recent strike violence.
Abil is not the only player in the unsecured lending market with high insurance costs.
However, according to the National Credit Act (NCA) it is illegal for a credit provider to offer or demand that a consumer purchase insurance which is “unreasonable” or that “has an unreasonable cost to the consumer, having regard to the actual risk and liabilities involved in the credit agreement”.
The reasonability requirements of the NCA make it incumbent on a credit provider to offer insurance which is in line with market rates and which is not excessive as compared against the cost incurred by the creditor when selling the insurance.
Gardner believes that Abil has fallen short of these requirements.
“They are clearly making significant profits on their credit life insurance and although not the most expensive of the lenders providing credit to the unsecured market, the margins do seem excessive and we do not believe that this is in line with the spirit of NCA,” he says.
According to Gardner, a market related benchmark claims the revenue ratio for credit insurance would be closer to a 60% level as compared to Abil’s 21.5%.
“The second thing is that other market players out there such as Hollard are only charging an average of R4.50 per R1 000 for credit insurance; Abil’s charges seem to be around R8.50.
“Currently we feel that ‘reasonable’ is more in the region of R5 per R1 000 of credit granted.”
The NCA falls short in not providing a cost-cap in line with the reasonability clause meaning that what constitutes an “unreasonable” charge remains “subjective”, says Ronald Sabelo, legal adviser to the NCR. This allows for various parties to interpret the definition as would best suite their vested interesst, adds Sabelo.
http://www.moneyweb.co.za/moneyweb-financial/abils-excessive…
===============================================================
Nov 27th, 2012
Comment from Nithia Nalliah, CFO of Abil.
As a business we are committed to cover the risk needs of our specific customer base over the duration of our relationship in a complete and competitive way. Our customers who mainly earn lower incomes are particularly open to bad luck events. They are susceptible to loss of jobs and loss of personal effects and have low levels of resources to recover from such losses without the help of insurance. As a business, we try to limit and reduce our exclusions so that our customers can trust that when such an event occurs, they will receive a payout without fuss. Therefore a comparison of benefits and exclusions should also be included for a valid comparison of insurance policies.
It is difficult to just compare insurance premiums across providers, since premiums rates are fixed at the inception of the policy & the benefits & risks assumed are relative to balance outstanding from time to time. It is not proper to evaluate profitability of insurance companies in isolation in a year or years when claims are very low but to also consider risk assumed relating to future when risks materialise eg 2009 when SA lost over 1 million jobs, current mining & other sector labour unrest that could result in mass lay-offs, etc
The very principle of looking at an insurance companies profits in any one year & concluding it's premiums are unreasonably high compared to competitors cannot be correct.
The quantum of our premiums needs to cover the scale of the risks we take as well as their duration and all these factors need to be considered holistically e.g settle full loan balance in event of death, disability & retrenchment, pay instalments in event of short-time etc. We are mindful that our pricing has to be reasonable and legitimate which we believe it is. We have constantly led the way in changing industry practices in insurance and have worked with the FSB and the NCR on the proposed revision of Insurance regulation, which we believe can and should be improved in order to address some market practices which we do not support.
Antwort auf Beitrag Nr.: 43.866.890 von R-BgO am 27.11.12 16:55:19Das mit der Versicherung könnte was Ernsthaftes sein, aber ist eigentlich zu neu, der Kurs ist seit Juni unter Druck...
Trading statement and related information
AFRICAN BANK INVESTMENTS LIMITED
(Incorporated in the Republic of South Africa)
(Registered bank controlling company)
(Registration number 1946/021193/06)
Ordinary share code: ABL ISIN: ZAE000030060
Preference share code: ABLP ISIN: ZAE000065215
("ABIL" or “the group”)
AFRICAN BANK LIMITED
(Incorporated in the Republic of South Africa)
(Registered bank)
(Registration number 1975/002526/06)
Company code: BIABL
(“African Bank”)
TRADING STATEMENT AND RELATED INFORMATION
Shareholders are advised that both headline earnings and earnings for the six months to 31 March 2013 are expected to decline by between 25% and 28% relative to the R1 370 million reported for the equivalent six months to 31 March 2012. Similarly, headline earnings per share and earnings per share are expected to decrease by between 25% and 28% relative to the comparable 170,4 cents per share. ABIL operates through two business units, the Banking unit, consisting of the operations of African Bank and Stangen and the Retail unit, consisting of the furniture retail and furniture insurance activities. Headline earnings in the Banking unit declined by between 19% and 22%, while the Retail unit achieved marginal profitability, as a result of a high fixed cost base and lower sales.
The first half of the 2013 financial year was a challenging period. The Banking unit showed positive advances growth and maintained good control over operating and funding costs. These improvements were however negated by
a lower yield, partially as a result of higher suspension of interest and fees;
an elevated charge for bad and doubtful advances, particularly on the furniture credit portfolio, as a result of higher provisions due to an increase in risk; an
substantially increased insurance claims and provisions resulting from the group broadening the range of insured events.
While these trends were evident in the first five months of the year, the negative impact on the results was exacerbated by ABIL’s decision to write-off an additional amount of non-performing loans in March and to augment the NPL coverage post the write-off, which amplified the bad debt charge.
Trading conditions in the furniture industry deteriorated further during the period, as both the willingness and ability of consumers to spend came under pressure and the deflationary trends in durable goods continued. Efforts to further reduce costs and maintain firm margins did not counter the decline in merchandise sales. The business is also currently carrying duplicate costs from the recent rollout of the centralised distribution network which further affected results.
Outlook for the remainder of the financial year
For the Banking unit, the group anticipates that the reduction in yield will normalise in the second half of 2013. The bad debt charge is expected to remain elevated for the rest of the year, but the risk reduction measures will benefit the charge from 2014. At the same time, the increased write-offs have improved the quality of the remaining NPL portfolio. These trends, complemented by continued growth in advances, new products, as well as innovations in the group’s offering, provide a solid underpin for the business over the medium term.
The slowdown in furniture sales growth is expected to continue and conditions for the Retail unit are therefore unlikely to improve in the second half of the year. Overall, the decline in ABIL’s results for the full year is expected to be lower than the decline in the first half of the year.
The forecast financial information, on which this trading statement is based, has not been reviewed nor audited and reported on by ABIL’s external auditors.
The interim results for the six months ended 31 March 2013 are expected to be released on SENS and RNS on or about Monday, 20 May 2013.
Midrand
30 April 2013
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
AFRICAN BANK INVESTMENTS LIMITED
(Incorporated in the Republic of South Africa)
(Registered bank controlling company)
(Registration number 1946/021193/06)
Ordinary share code: ABL ISIN: ZAE000030060
Preference share code: ABLP ISIN: ZAE000065215
("ABIL" or “the group”)
AFRICAN BANK LIMITED
(Incorporated in the Republic of South Africa)
(Registered bank)
(Registration number 1975/002526/06)
Company code: BIABL
(“African Bank”)
TRADING STATEMENT AND RELATED INFORMATION
Shareholders are advised that both headline earnings and earnings for the six months to 31 March 2013 are expected to decline by between 25% and 28% relative to the R1 370 million reported for the equivalent six months to 31 March 2012. Similarly, headline earnings per share and earnings per share are expected to decrease by between 25% and 28% relative to the comparable 170,4 cents per share. ABIL operates through two business units, the Banking unit, consisting of the operations of African Bank and Stangen and the Retail unit, consisting of the furniture retail and furniture insurance activities. Headline earnings in the Banking unit declined by between 19% and 22%, while the Retail unit achieved marginal profitability, as a result of a high fixed cost base and lower sales.
The first half of the 2013 financial year was a challenging period. The Banking unit showed positive advances growth and maintained good control over operating and funding costs. These improvements were however negated by
a lower yield, partially as a result of higher suspension of interest and fees;
an elevated charge for bad and doubtful advances, particularly on the furniture credit portfolio, as a result of higher provisions due to an increase in risk; an
substantially increased insurance claims and provisions resulting from the group broadening the range of insured events.
While these trends were evident in the first five months of the year, the negative impact on the results was exacerbated by ABIL’s decision to write-off an additional amount of non-performing loans in March and to augment the NPL coverage post the write-off, which amplified the bad debt charge.
Trading conditions in the furniture industry deteriorated further during the period, as both the willingness and ability of consumers to spend came under pressure and the deflationary trends in durable goods continued. Efforts to further reduce costs and maintain firm margins did not counter the decline in merchandise sales. The business is also currently carrying duplicate costs from the recent rollout of the centralised distribution network which further affected results.
Outlook for the remainder of the financial year
For the Banking unit, the group anticipates that the reduction in yield will normalise in the second half of 2013. The bad debt charge is expected to remain elevated for the rest of the year, but the risk reduction measures will benefit the charge from 2014. At the same time, the increased write-offs have improved the quality of the remaining NPL portfolio. These trends, complemented by continued growth in advances, new products, as well as innovations in the group’s offering, provide a solid underpin for the business over the medium term.
The slowdown in furniture sales growth is expected to continue and conditions for the Retail unit are therefore unlikely to improve in the second half of the year. Overall, the decline in ABIL’s results for the full year is expected to be lower than the decline in the first half of the year.
The forecast financial information, on which this trading statement is based, has not been reviewed nor audited and reported on by ABIL’s external auditors.
The interim results for the six months ended 31 March 2013 are expected to be released on SENS and RNS on or about Monday, 20 May 2013.
Midrand
30 April 2013
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Antwort auf Beitrag Nr.: 43.866.911 von R-BgO am 27.11.12 16:57:14African Bank rated best ‘buy
June 6 2013 at 03:24pm
Johannesburg - African Bank, which plummeted as much as 50 percent as bad loans climbed, has the highest percentage of analyst buy ratings of the country’s seven largest banks, according to data compiled by Bloomberg.
With an average 12 month target price of more than 27 rand, 79 percent of analysts rate African Bank, which traded today as high as 17.30 rand a share, a buy.
That compares with 64 percent of analysts calling its closest competitor, Capitec Bank, a buy and 33 percent recommending Standard Bank, Africa’s largest lender.
“It’s the best buy among the banks in terms of the value it could create,” said Harry Botha, a Johannesburg-based analyst at Avior Research with an outperform rating on the shares.
“There’s still a bit of uncertainty but at these levels you don’t really need to worry about that. The view is that it’s not going out of business.”
African Bank’s share price plunged as much as 50 percent this year, pushed lower by declining profit, rising bad debt levels and a proposed 300 million rand ($30 million) regulatory fine.
The Johannesburg-based lender, which targets low-income consumers with loans not backed by assets, cut its dividend 71 percent and said on May 20 conditions may worsen in the second half of its fiscal year as higher fuel and power prices make it harder for customers to repay debt.
“While African Bank’s results were disappointing, we think the stock is beginning to price in a distressed scenario that we believe is highly unlikely,” Greg Saffy, bank analyst at RMB Morgan Stanley in Johannesburg, said in a client note.
Saffy recommends buying the shares.
Biggest Investor
The Public Investment Corporation, Africa’s largest money manager with more than 1 trillion rand under management, increased its stake in Africa Bank to more than 15 percent last month from 14.3 percent in September.
The PIC had to apply to the central bank to increase holdings beyond 15 percent, a limit set by South African law for bank shareholders.
The PIC bought the extra shares and gained central bank approval last month, said Markus Borner, African Bank’s executive responsible for balance-sheet management.
While the stake has gone beyond the 15 percent limit, it doesn’t mean the PIC would be asked to bail out the lender in a default, he said.
Since African Bank said on June 4 that the PIC increased its stake, the lender’s share price has risen as much as 10 percent in intraday trade. It would have to gain almost 40 percent on a closing basis to reach the analysts’ price target.
“We need to see a better set of results out of the company” before the share price will rerate, Botha said.
“We’ve forecast that African Bank has still got a bit to write off in the second half. Next year it can improve quite significantly.” - Bloomberg News
June 6 2013 at 03:24pm
Johannesburg - African Bank, which plummeted as much as 50 percent as bad loans climbed, has the highest percentage of analyst buy ratings of the country’s seven largest banks, according to data compiled by Bloomberg.
With an average 12 month target price of more than 27 rand, 79 percent of analysts rate African Bank, which traded today as high as 17.30 rand a share, a buy.
That compares with 64 percent of analysts calling its closest competitor, Capitec Bank, a buy and 33 percent recommending Standard Bank, Africa’s largest lender.
“It’s the best buy among the banks in terms of the value it could create,” said Harry Botha, a Johannesburg-based analyst at Avior Research with an outperform rating on the shares.
“There’s still a bit of uncertainty but at these levels you don’t really need to worry about that. The view is that it’s not going out of business.”
African Bank’s share price plunged as much as 50 percent this year, pushed lower by declining profit, rising bad debt levels and a proposed 300 million rand ($30 million) regulatory fine.
The Johannesburg-based lender, which targets low-income consumers with loans not backed by assets, cut its dividend 71 percent and said on May 20 conditions may worsen in the second half of its fiscal year as higher fuel and power prices make it harder for customers to repay debt.
“While African Bank’s results were disappointing, we think the stock is beginning to price in a distressed scenario that we believe is highly unlikely,” Greg Saffy, bank analyst at RMB Morgan Stanley in Johannesburg, said in a client note.
Saffy recommends buying the shares.
Biggest Investor
The Public Investment Corporation, Africa’s largest money manager with more than 1 trillion rand under management, increased its stake in Africa Bank to more than 15 percent last month from 14.3 percent in September.
The PIC had to apply to the central bank to increase holdings beyond 15 percent, a limit set by South African law for bank shareholders.
The PIC bought the extra shares and gained central bank approval last month, said Markus Borner, African Bank’s executive responsible for balance-sheet management.
While the stake has gone beyond the 15 percent limit, it doesn’t mean the PIC would be asked to bail out the lender in a default, he said.
Since African Bank said on June 4 that the PIC increased its stake, the lender’s share price has risen as much as 10 percent in intraday trade. It would have to gain almost 40 percent on a closing basis to reach the analysts’ price target.
“We need to see a better set of results out of the company” before the share price will rerate, Botha said.
“We’ve forecast that African Bank has still got a bit to write off in the second half. Next year it can improve quite significantly.” - Bloomberg News
Hm, Standard Bank finde ich da attraktiver. Oder - wenn's mehr Risiko sein darf - ADC.
wie ist dieser totale Absturz zu erklären?
Kapitalerhöhung: 8 ZAR je Aktie= 0,59€. Ich werde zu diesem Preis dazu kaufen.
Meinungen ?
Meinungen ?
Antwort auf Beitrag Nr.: 45.918.058 von JanaFee am 26.11.13 08:00:08habe auch gezeichnet; ob das eine gute IDee war, werden wir sehen...
EK schmilzt schneller, als Schnee in der südafrikanischen Sonne: http://africanbank.investoreports.com/wp-content/uploads/201…
Abil’s talk of Ellerines sale likely to put bank in play
July 8 2014 at 08:00am
By Nompumelelo Magwaza
The news that African Bank Investments Limited (Abil) was discussing a sale of its furniture retail business was no surprise, retail analysts said yesterday, but the big question was who would buy it.
Speculation was rife after Abil advised shareholders it was in talks to dispose of Ellerine Holdings and its divisions.
Abil’s share price shot up 17.38 percent to close at R7.90.
Media reports have said that Old Mutual wants to buy Abil.
Sources in the retail sector said the furniture group could fit well with Shoprite’s OK Furniture. An analyst who did not want to be named said Christo Wiese, with a controlling stake in Shoprite, was always looking out for retail investments.
Other fingers pointed to Steinhoff as potential buyer, but retail analyst Chris Gilmour at Absa Investment was quick to say that Steinhoff could battle to get round the Competition Commission. “The concentration of power in one retailer could be frowned upon by… authorities,” he said.
Steinhoff already plays in the local furniture retail space through JD Group, which owns Bradlows, Russels and Morkels.
Gilmour said Ellerines could be sold in parts to private equity companies.
“Nothing changes in terms of having a new suitor for Abil because at the end of the day they would have to find a buyer for Ellerines,” he said, adding that Ellerines could be sold as a furniture group separate from its financial services unit.
Ron Klipin of Cratos Wealth was interested to see who would buy Ellerines given the slide in spending on durable goods. “Anyone looking at buying Abil is looking to buy a clean business with banking as the only component,” he said.
Klipin said a lot of work had been done to fix the lending book which would include more stringent risk criteria. Despite Abil’s recent recapitalisation, it might need a further top-up.
“However, a sale of Ellerines should substantially help the financial position of Abil.” He added that a partner with deep pockets could be a saviour, providing credibility, cheaper funding and the right guidance.
July 8 2014 at 08:00am
By Nompumelelo Magwaza
The news that African Bank Investments Limited (Abil) was discussing a sale of its furniture retail business was no surprise, retail analysts said yesterday, but the big question was who would buy it.
Speculation was rife after Abil advised shareholders it was in talks to dispose of Ellerine Holdings and its divisions.
Abil’s share price shot up 17.38 percent to close at R7.90.
Media reports have said that Old Mutual wants to buy Abil.
Sources in the retail sector said the furniture group could fit well with Shoprite’s OK Furniture. An analyst who did not want to be named said Christo Wiese, with a controlling stake in Shoprite, was always looking out for retail investments.
Other fingers pointed to Steinhoff as potential buyer, but retail analyst Chris Gilmour at Absa Investment was quick to say that Steinhoff could battle to get round the Competition Commission. “The concentration of power in one retailer could be frowned upon by… authorities,” he said.
Steinhoff already plays in the local furniture retail space through JD Group, which owns Bradlows, Russels and Morkels.
Gilmour said Ellerines could be sold in parts to private equity companies.
“Nothing changes in terms of having a new suitor for Abil because at the end of the day they would have to find a buyer for Ellerines,” he said, adding that Ellerines could be sold as a furniture group separate from its financial services unit.
Ron Klipin of Cratos Wealth was interested to see who would buy Ellerines given the slide in spending on durable goods. “Anyone looking at buying Abil is looking to buy a clean business with banking as the only component,” he said.
Klipin said a lot of work had been done to fix the lending book which would include more stringent risk criteria. Despite Abil’s recent recapitalisation, it might need a further top-up.
“However, a sale of Ellerines should substantially help the financial position of Abil.” He added that a partner with deep pockets could be a saviour, providing credibility, cheaper funding and the right guidance.
da sind scheinbar die Lichter ausgegangen.--Pleite-?
African Bank Plunges for Second Day Amid Capital Crisis:
www.bloomberg.com/news/2014-08-07/african-bank-plunges-for-s…
www.bloomberg.com/news/2014-08-07/african-bank-plunges-for-s…
kann keine brauchbaren Nachrichten finden, warum die Bank so ins Minus gefallen ist.
Antwort auf Beitrag Nr.: 47.457.046 von JanaFee am 07.08.14 14:31:01...der Link von Lwymi ist doch recht aussagekräftig?
Zur Verlustrealisierung verkauft bis auf ein Erinnerungsstück.
Zur Verlustrealisierung verkauft bis auf ein Erinnerungsstück.
Antwort auf Beitrag Nr.: 47.457.280 von R-BgO am 07.08.14 14:46:28so hört es sich an der Quelle an: http://africanbank.investoreports.com/quarterly-operational-…
nach viel Beruhigungs-Blabla, kommt dies:
The Group is expected to show a basic loss of at least R7.6 billion and headline loss of at least R6.4 billion for
the full year compared to the basic loss and headline earnings of R4 199m and R365m for the prior year. This
is after the additional credit impairment provision of R3.0 billion pretax in the second half of this financial year.
The expected loss per share is at least 543 cents per share whilst the expected headline loss per share is
expected to be at least 454 cents per share. It is not possible to provide the guidance on a range due to the
various unquantified items listed herein.
und
ABIL will brief the market on the conclusions of the restructuring (including the proposed Ellerines disposal,
provisioning and other related matters), recapitalisation and funding work currently underway and accordingly
shareholders should expect a comprehensive announcement in this regard before the end of August 2014.
Given that the business review and restructuring initiatives referred to above have not been finalised and the
work on the financial and capital impacts of the items addressed herein have not been completed, the Board
is not in a position to accurately quantify the potential impact thereof on ABIL at this time. Accordingly,
shareholders and investors are advised to exercise caution when dealing in the Company’s securities, until a
further announcement is made in this regard.
nach viel Beruhigungs-Blabla, kommt dies:
The Group is expected to show a basic loss of at least R7.6 billion and headline loss of at least R6.4 billion for
the full year compared to the basic loss and headline earnings of R4 199m and R365m for the prior year. This
is after the additional credit impairment provision of R3.0 billion pretax in the second half of this financial year.
The expected loss per share is at least 543 cents per share whilst the expected headline loss per share is
expected to be at least 454 cents per share. It is not possible to provide the guidance on a range due to the
various unquantified items listed herein.
und
ABIL will brief the market on the conclusions of the restructuring (including the proposed Ellerines disposal,
provisioning and other related matters), recapitalisation and funding work currently underway and accordingly
shareholders should expect a comprehensive announcement in this regard before the end of August 2014.
Given that the business review and restructuring initiatives referred to above have not been finalised and the
work on the financial and capital impacts of the items addressed herein have not been completed, the Board
is not in a position to accurately quantify the potential impact thereof on ABIL at this time. Accordingly,
shareholders and investors are advised to exercise caution when dealing in the Company’s securities, until a
further announcement is made in this regard.
bin mal eingestiegen
Die Bank kann mit einer MK von gerade mal 40 Mio jetzt ein Privatmann kaufen
Zitat von Frhstck: Die Bank kann mit einer MK von gerade mal 40 Mio jetzt ein Privatmann kaufen
Das ist aber natürlich nur sinnvoll, wenn er auch die zusätzlichen 8,5 Milliarden Rand hat um das Unternehmen zu retten - mindestens.
"Leon Kirkinis, founder and chief executive officer of Abil for the past 23 years, resigned yesterday after the company said it needs to raise as much as 8.5 billion rand ($791 million) to survive."
Ende August wissen wir mehr. Der Verfall ist jedenfalls schon extrem
Zitat von Lwymi:Zitat von Frhstck: Die Bank kann mit einer MK von gerade mal 40 Mio jetzt ein Privatmann kaufen
Das ist aber natürlich nur sinnvoll, wenn er auch die zusätzlichen 8,5 Milliarden Rand hat um das Unternehmen zu retten - mindestens.
"Leon Kirkinis, founder and chief executive officer of Abil for the past 23 years, resigned yesterday after the company said it needs to raise as much as 8.5 billion rand ($791 million) to survive."
Johannesburg wieder 55,00
Ding Ding Ding
close in Johannesburg
close in Johannesburg
Frage !!!!!
DIe Aktien werden in Rand gehandelt - wie kommt Ihr auf einen Umrechnungskurs in € auf ca 0,04????
Habe ich da einen Denkfehler????
DIe Aktien werden in Rand gehandelt - wie kommt Ihr auf einen Umrechnungskurs in € auf ca 0,04????
Habe ich da einen Denkfehler????
Stupid German zahlt nach Close Südafrika 30% Aufschlag
Antwort auf Beitrag Nr.: 47.460.028 von Frhstck am 07.08.14 18:03:01Moin
die sind PLEITE, geordnete Abwicklung
Aug 7 (Reuters) - Investors fled African Bank Investments on Thursday, as the South African lender faced a $790 million hole from a flood of unsecured loans gone bad and its furniture retail business applied for creditor protection.
The bank, widely known as Abil, shocked the market on Wednesday when it said it needed to raise 8.5 billion rand ($790 million) in new capital after warning of a massive annual loss, after which its chief executive quit.
On Thursday its furniture retailing arm - which Abil acquired in 2008 in a disastrous attempt to sell sofas on credit - applied for temporary protection from creditors.
Any attempt by the bank to raise the funds to survive looks near-impossible - Abil needs several times more capital than it is currently worth. Its stock plunged to a record low of 20 African cents on Thursday and ended the day at 50 cents, valuing it at $102 million. It was a precipitous fall for a company worth more than $2 billion at its height.
"Equity investors have thrown in the towel. It's literally uninvestable," said one Johannesburg-based trader, who declined to be identified. "The South African consumer credit bubble has burst."
http://www.reuters.com/article/2014/08/07/safrica-abil-idUSL…" target="_blank" rel="nofollow ugc noopener">http://www.reuters.com/article/2014/08/07/safrica-abil-idUSL…
die sind PLEITE, geordnete Abwicklung
Aug 7 (Reuters) - Investors fled African Bank Investments on Thursday, as the South African lender faced a $790 million hole from a flood of unsecured loans gone bad and its furniture retail business applied for creditor protection.
The bank, widely known as Abil, shocked the market on Wednesday when it said it needed to raise 8.5 billion rand ($790 million) in new capital after warning of a massive annual loss, after which its chief executive quit.
On Thursday its furniture retailing arm - which Abil acquired in 2008 in a disastrous attempt to sell sofas on credit - applied for temporary protection from creditors.
Any attempt by the bank to raise the funds to survive looks near-impossible - Abil needs several times more capital than it is currently worth. Its stock plunged to a record low of 20 African cents on Thursday and ended the day at 50 cents, valuing it at $102 million. It was a precipitous fall for a company worth more than $2 billion at its height.
"Equity investors have thrown in the towel. It's literally uninvestable," said one Johannesburg-based trader, who declined to be identified. "The South African consumer credit bubble has burst."
http://www.reuters.com/article/2014/08/07/safrica-abil-idUSL…" target="_blank" rel="nofollow ugc noopener">http://www.reuters.com/article/2014/08/07/safrica-abil-idUSL…
Kleine Rechnung für alle Mutigen:
Der Kapitalbedarf beträgt nach ersten Schätzungen 8,5 Milliarden Rand.
Bei einer Kapitalerhöhung würde man aktuell je neu auszugebender Aktie maximal 0,5 Rand erhalten. Eigentlich müsste man zur Motivation aber natürlich einen erheblichen Abschlag auf den Kurs bieten ... also sagen wir mal in der Nähe des ATL von gestern bei ca. 0,3 Rand.
Das macht dann 8,5 Milliarden / 0,3 ... also mehr als 28 Milliarden neue Aktien.
Aktuell sind ca. 1,5 Milliarden Aktien im Umlauf
Es ergibt sich also eine Kapitalerhöhung mit etwa 20 neuen Aktien für eine Altaktie, die man eigentlich mitgehen muss um beim gebotenen Discount nicht der Dumme zu sein.
Ich habe die ABIL jetzt bestimmt schon fast 10 Jahre auf der Watchlist, mich aber immer wieder (zum teil knapp) gegen einen Einstieg entschieden ... das wird wohl auch dieses Mal wieder so sein.
Der Kapitalbedarf beträgt nach ersten Schätzungen 8,5 Milliarden Rand.
Bei einer Kapitalerhöhung würde man aktuell je neu auszugebender Aktie maximal 0,5 Rand erhalten. Eigentlich müsste man zur Motivation aber natürlich einen erheblichen Abschlag auf den Kurs bieten ... also sagen wir mal in der Nähe des ATL von gestern bei ca. 0,3 Rand.
Das macht dann 8,5 Milliarden / 0,3 ... also mehr als 28 Milliarden neue Aktien.
Aktuell sind ca. 1,5 Milliarden Aktien im Umlauf
Es ergibt sich also eine Kapitalerhöhung mit etwa 20 neuen Aktien für eine Altaktie, die man eigentlich mitgehen muss um beim gebotenen Discount nicht der Dumme zu sein.
Ich habe die ABIL jetzt bestimmt schon fast 10 Jahre auf der Watchlist, mich aber immer wieder (zum teil knapp) gegen einen Einstieg entschieden ... das wird wohl auch dieses Mal wieder so sein.
Antwort auf Beitrag Nr.: 47.479.924 von Frkst am 10.08.14 17:36:04Ok… werde morgen nochmals nachlegen. Derzeitiger Schnitt bei 8 ct. Könnte auf 0,25 laufen.
Dann ggf Teilnahme an KE.
Dann ggf Teilnahme an KE.
heute wohl kein handel
Antwort auf Beitrag Nr.: 47.482.543 von Frhstck am 11.08.14 09:33:44wurde ausgesetzt.mal sehn wie das ding reinkommt.
Antwort auf Beitrag Nr.: 47.482.543 von Frhstck am 11.08.14 09:33:44http://www.bloomberg.com/news/2014-08-11/mobius-sees-south-a…
eine wieder einsetzung kann monate dauern
prooblem wieder all inn
Antwort auf Beitrag Nr.: 47.482.936 von Frhstck am 11.08.14 10:15:20 bin sehr gespannt.
bin sehr gespannt.
Antwort auf Beitrag Nr.: 47.483.197 von Frhstck am 11.08.14 10:39:46dann tuts mir leid uschi für dein investment.
lehman wurde auch ausgebucht
ausserbörslicher verkauf sollte demnächst noch möglich sein
damit man den verlust abschreiben kann
damit man den verlust abschreiben kann
A new entity in the form of the "good bank" will be listed on the JSE. There are expectations that the existing African Bank Investments Limited, which includes Ellerines — which has applied for business rescue — will have its shares suspended on the JSE.
hier stehts - kein listing mehr
hier stehts - kein listing mehr
Trading in African Bank was suspended after South Africa’s largest provider of unsecured credit was placed under protection from creditors by Reserve Bank Governor Gill Marcus amid plans to split the business and create a bad bank for soured loans. Standard Bank Group Ltd., Barclays Africa Group Ltd., FirstRand Ltd. (FSR), Nedbank Group Ltd. and Capitec Bank Ltd. are among lenders that will underwrite a 10 billion-rand ($938 million) capital raising for the remaining good bank, Marcus said yesterday.
http://www.businessweek.com/news/2014-08-11/mobius-sees-sout…
http://www.businessweek.com/news/2014-08-11/mobius-sees-sout…
Marcus told reporters that whether or not Abil would be suspended from trading on the JSE would be a decision taken by the stock exchange in consultation with the curator.
She said it was intended that the “good” bank holding company would be listed on the JSE in due course and would include the acquisition at fair value of the various insurance entities within the Abil group.
http://www.iol.co.za/business/news/african-bank-to-get-r10bn…
She said it was intended that the “good” bank holding company would be listed on the JSE in due course and would include the acquisition at fair value of the various insurance entities within the Abil group.
http://www.iol.co.za/business/news/african-bank-to-get-r10bn…
Die wird auch wieder gehandelt. Denke ich
eben gefunden
AFRVY sind allerdings die American Depositary Shares:
www.nasdaq.com/aspx/infoquotes.aspx?symbol=AFRVY&selected=AF…
Ordinary Shares:
www.nasdaq.com/aspx/infoquotes.aspx?symbol=AFRVF&selected=AF…
www.nasdaq.com/aspx/infoquotes.aspx?symbol=AFRVY&selected=AF…
Ordinary Shares:
www.nasdaq.com/aspx/infoquotes.aspx?symbol=AFRVF&selected=AF…
ganz genau - trotzdem ein anhaltspunkt
Zitat von Lwymi: AFRVY sind allerdings die American Depositary Shares:
www.nasdaq.com/aspx/infoquotes.aspx?symbol=AFRVY&selected=AF…
Ordinary Shares:
www.nasdaq.com/aspx/infoquotes.aspx?symbol=AFRVF&selected=AF…
Naja, bei einem Umsatz von aktuell 7600 Stücken von einem echten Anhaltspunkt zu sprechen ... das sind so etwa 2000 Euro ...
Es scheint vorbei zu sein:
http://www.sharenet.co.za/free/sens/disp_news.phtml?tdate=20…
Jse Limited - Index Change Advice - African Bank Investments Deletion
Release Date: 11/08/2014 17:20:00 Code(s): JSER
African Bank Investments (South Africa): Constituent Deletion
FTSE/JSE Africa Index Series
11 August 2014
Following the suspension of trading, the placing of African Bank Investments (South
Africa, constituent) under Curatorship, and following notification from the Stock
Exchange, FTSE and the JSE announces the following changes:
INDEX CHANGE EFFECTIVE FROM
START OF
TRADING
FTSE/JSE Africa Mid Cap African Bank Investments (South 14 August 2014
(J201) Africa, ZAE000030060, 6040776)
will be deleted from the index at
zero price.
EOH Holdings Ltd (South Africa,
ZAE000071072, 6126773) will be
added to the index with a shares
in issue figure of 113,397,025
and an investability weighting of
88%.
FTSE/JSE Africa Small Cap EOH Holdings Ltd (South Africa, 14 August 2014
(J202) ZAE000071072, 6126773) will be
deleted from the index.
FTSE/JSE Africa All Share African Bank Investments will be 14 August 2014
(J203) deleted from the index at zero
price.
FTSE/JSE Dividend+ Index African Bank Investments will be 14 August 2014
(J259)* deleted from the index at zero
price.
FTSE/JSE RAFI All Share African Bank Investments will be 14 August 2014
Index (J263) deleted from the index at zero
price.
http://www.sharenet.co.za/free/sens/disp_news.phtml?tdate=20…
Jse Limited - Index Change Advice - African Bank Investments Deletion
Release Date: 11/08/2014 17:20:00 Code(s): JSER
African Bank Investments (South Africa): Constituent Deletion
FTSE/JSE Africa Index Series
11 August 2014
Following the suspension of trading, the placing of African Bank Investments (South
Africa, constituent) under Curatorship, and following notification from the Stock
Exchange, FTSE and the JSE announces the following changes:
INDEX CHANGE EFFECTIVE FROM
START OF
TRADING
FTSE/JSE Africa Mid Cap African Bank Investments (South 14 August 2014
(J201) Africa, ZAE000030060, 6040776)
will be deleted from the index at
zero price.
EOH Holdings Ltd (South Africa,
ZAE000071072, 6126773) will be
added to the index with a shares
in issue figure of 113,397,025
and an investability weighting of
88%.
FTSE/JSE Africa Small Cap EOH Holdings Ltd (South Africa, 14 August 2014
(J202) ZAE000071072, 6126773) will be
deleted from the index.
FTSE/JSE Africa All Share African Bank Investments will be 14 August 2014
(J203) deleted from the index at zero
price.
FTSE/JSE Dividend+ Index African Bank Investments will be 14 August 2014
(J259)* deleted from the index at zero
price.
FTSE/JSE RAFI All Share African Bank Investments will be 14 August 2014
Index (J263) deleted from the index at zero
price.
sag ich doch - kein trading mehr - shares werden wertlos ausgebucht -
Zitat von franki2: Es scheint vorbei zu sein:
http://www.sharenet.co.za/free/sens/disp_news.phtml?tdate=20…
Jse Limited - Index Change Advice - African Bank Investments Deletion
Release Date: 11/08/2014 17:20:00 Code(s): JSER
African Bank Investments (South Africa): Constituent Deletion
FTSE/JSE Africa Index Series
11 August 2014
Following the suspension of trading, the placing of African Bank Investments (South
Africa, constituent) under Curatorship, and following notification from the Stock
Exchange, FTSE and the JSE announces the following changes:
INDEX CHANGE EFFECTIVE FROM
START OF
TRADING
FTSE/JSE Africa Mid Cap African Bank Investments (South 14 August 2014
(J201) Africa, ZAE000030060, 6040776)
will be deleted from the index at
zero price.
EOH Holdings Ltd (South Africa,
ZAE000071072, 6126773) will be
added to the index with a shares
in issue figure of 113,397,025
and an investability weighting of
88%.
FTSE/JSE Africa Small Cap EOH Holdings Ltd (South Africa, 14 August 2014
(J202) ZAE000071072, 6126773) will be
deleted from the index.
FTSE/JSE Africa All Share African Bank Investments will be 14 August 2014
(J203) deleted from the index at zero
price.
FTSE/JSE Dividend+ Index African Bank Investments will be 14 August 2014
(J259)* deleted from the index at zero
price.
FTSE/JSE RAFI All Share African Bank Investments will be 14 August 2014
Index (J263) deleted from the index at zero
price.
Antwort auf Beitrag Nr.: 47.487.934 von Frhstck am 11.08.14 18:57:37Ich bin short (20.000 Stück), deshalb beschwere ich mich nicht. Allerdings muss ich jetzt irgendwie zurückkaufen, sonst kriege ich wieder Ärger mit meiner Bank. Wenn jemand zufällig noch Stücke übrig hat, dann biete ich 200 € für diese Stückzahl. Das ganze würde ganz offiziell per Depotübertrag zwischen den Depotbanken ablaufen.
frag mal proooblemfan
das problem
werden übrigens mehr shorter haben
werden übrigens mehr shorter haben
Zitat von franki2: Ich bin short (20.000 Stück), deshalb beschwere ich mich nicht. Allerdings muss ich jetzt irgendwie zurückkaufen, sonst kriege ich wieder Ärger mit meiner Bank. Wenn jemand zufällig noch Stücke übrig hat, dann biete ich 200 € für diese Stückzahl. Das ganze würde ganz offiziell per Depotübertrag zwischen den Depotbanken ablaufen.
Antwort auf Beitrag Nr.: 47.488.591 von Frhstck am 11.08.14 20:08:26"deleted from the index" heißt doch nicht "wertlos ausgebucht". Hier geht's meinem Verständnis nach um die Indexzusammenstellung, nicht die Börsenotiz.
deleted from the index at ZERO
Antwort auf Beitrag Nr.: 47.488.726 von Frhstck am 11.08.14 20:27:59Das heisst aber doch nicht Ausbuchung. Nicht jede gehandelte Aktie ist in einem Index vertreten. In welchem Index sind beispielsweise deutsche Pleiteaktien vertreten ?
ich finde es zwar ultra krass - das man von heute auf morgen sagen kann die aktie wird delistet. aber es sieht alles danach aus
Zitat von blockmalz: Das heisst aber doch nicht Ausbuchung. Nicht jede gehandelte Aktie ist in einem Index vertreten. In welchem Index sind beispielsweise deutsche Pleiteaktien vertreten ?
sonst hätte man auch warten können bis die indexzusammenstellung turnusgemäß ansteht
das hat man nicht - man wollte so schnell wie möglich von der börse
das hat man nicht - man wollte so schnell wie möglich von der börse
ich dachte eigentlich die sache um BSE ist schon heftig
ABER die geschichte um african bank ist nur noch heftig
ABER die geschichte um african bank ist nur noch heftig
@pfandbrief könnte für klarheit sorgen
bisher konnte ich keine offizielle meldung über das delisting lesen
mal sehen
mal sehen
Zitat von Frhstck: @pfandbrief könnte für klarheit sorgen
Ich weiß nicht was genau Du hören willst. Die Bank ist unter staatliche Verwaltung gestellt worden. Daraufhin wurde -- wie es üblich ist -- der Handel mit den Aktien der Holding erst mal ausgesetzt. Die Sache mit dem Index ist ja wohl die unwichtigste von allen.
Der Grund für solche Aussetzungen ist Käuferschutz. Zitat:
The Board of the Company considers that the suspension is in the public interest as the curatorship
and the other restructuring initiatives referred to in the SARB statement are likely to create two levels of
information in the market in relation to the ABIL’s securities set out above.
Da wird beschrieben was der derzeitige Plan ist:
http://africanbank.investoreports.com/suspension-of-all-abil…
Also: Bildung einer good/bad bank, die derzeitigen Aktionäre sollen die Gelegenheit erhalten in die good bank weiteres Geld nachzuschießen. Die Kapitalerhöhung der good bank soll von einem Konsortium garantiert sein, d.h. backstop. Die Good Bank Aktien sollen dann an der Börse gelistet werden. Den bad bank Müll will die südafrikaische Zentralbank zu einem Preis weit unter Buch kaufen, allerdings mit Besserungsschein. Die Gläubiger sollen geschnitten werden, wenn auch nur auf 90 %. Einlagen gibt's kaum, die wenigen gehen in die good bank. Nachrangige Gläubiger werden sich an dem Kaufpreis den die südafrikanische Zentralbank zahlt, laben müssen. Auch diese sollen Bezugsrechte für neue good bank Aktien erhalten.
Ob das (nach JETZIGEM Plan) mit den Aktien verbundene Bezugsrecht irgendwas wert ist, wird sich zeigen. Übertriebene Erwartungen sind wohl fehl am Platz.
ok, vielen dank für die ausführung. sprich, die alt aktien werden irgendwann nochmal gehandelt ABER weit unter buchwert?
Zitat von Pfandbrief:Zitat von Frhstck: @pfandbrief könnte für klarheit sorgen
Ich weiß nicht was genau Du hören willst. Die Bank ist unter staatliche Verwaltung gestellt worden. Daraufhin wurde -- wie es üblich ist -- der Handel mit den Aktien der Holding erst mal ausgesetzt. Die Sache mit dem Index ist ja wohl die unwichtigste von allen.
Der Grund für solche Aussetzungen ist Käuferschutz. Zitat:
The Board of the Company considers that the suspension is in the public interest as the curatorship
and the other restructuring initiatives referred to in the SARB statement are likely to create two levels of
information in the market in relation to the ABIL’s securities set out above.
Da wird beschrieben was der derzeitige Plan ist:
http://africanbank.investoreports.com/suspension-of-all-abil…
Also: Bildung einer good/bad bank, die derzeitigen Aktionäre sollen die Gelegenheit erhalten in die good bank weiteres Geld nachzuschießen. Die Kapitalerhöhung der good bank soll von einem Konsortium garantiert sein, d.h. backstop. Die Good Bank Aktien sollen dann an der Börse gelistet werden. Den bad bank Müll will die südafrikaische Zentralbank zu einem Preis weit unter Buch kaufen, allerdings mit Besserungsschein. Die Gläubiger sollen geschnitten werden, wenn auch nur auf 90 %. Einlagen gibt's kaum, die wenigen gehen in die good bank. Nachrangige Gläubiger werden sich an dem Kaufpreis den die südafrikanische Zentralbank zahlt, laben müssen. Auch diese sollen Bezugsrechte für neue good bank Aktien erhalten.
Ob das (nach JETZIGEM Plan) mit den Aktien verbundene Bezugsrecht irgendwas wert ist, wird sich zeigen. Übertriebene Erwartungen sind wohl fehl am Platz.
Antwort auf Beitrag Nr.: 47.489.680 von Frhstck am 11.08.14 22:28:31Weiß ich doch nicht. Vielleicht werden die Altaktien gehandelt, vielleicht nur die damit verbundenen Bezugsrechte auf Neuaktien, vielleicht keins von beiden. Es wird jedenfalls die eine oder andere Woche bestimmt dauern, bis sowas passiert.
Die Neuaktien werden jedenfalls gehandelt werden (falls diese Plan nicht noch irgendwie umfällt), aber bis dahin ist mindestens September, wenn nicht später.
Die Neuaktien werden jedenfalls gehandelt werden (falls diese Plan nicht noch irgendwie umfällt), aber bis dahin ist mindestens September, wenn nicht später.
ziemlich komplex das thema - aber ich lerne fürs leben - danke dafür
Zitat von Pfandbrief: Weiß ich doch nicht. Vielleicht werden die Altaktien gehandelt, vielleicht nur die damit verbundenen Bezugsrechte auf Neuaktien, vielleicht keins von beiden. Es wird jedenfalls die eine oder andere Woche bestimmt dauern, bis sowas passiert.
Die Neuaktien werden jedenfalls gehandelt werden (falls diese Plan nicht noch irgendwie umfällt), aber bis dahin ist mindestens September, wenn nicht später.
Antwort auf Beitrag Nr.: 47.489.842 von Frhstck am 11.08.14 22:49:49sieht doch gar nicht so schlecht aus das du deine teile doch noch los wirst uschi.
While Ellerine and Abil employees weigh future job cuts, African Bank investors are nursing their losses after last week’s rout. Senior debt instruments will be transferred to the new bank at 90 percent face value, while subordinated debt and shareholders “will be afforded the opportunity to participate in the good bank,” according to the central bank.
While Ellerine and Abil employees weigh future job cuts, African Bank investors are nursing their losses after last week’s rout. Senior debt instruments will be transferred to the new bank at 90 percent face value, while subordinated debt and shareholders “will be afforded the opportunity to participate in the good bank,” according to the central bank.
ich will rein und nicht raus, aber ohne handel geht das schlecht
Zitat von ultrawuffsn: sieht doch gar nicht so schlecht aus das du deine teile doch noch los wirst uschi.
While Ellerine and Abil employees weigh future job cuts, African Bank investors are nursing their losses after last week’s rout. Senior debt instruments will be transferred to the new bank at 90 percent face value, while subordinated debt and shareholders “will be afforded the opportunity to participate in the good bank,” according to the central bank.
!
Dieser Beitrag wurde von CloudMOD moderiert. Grund: ohne nachvollziehbare Quellenangabe, unbewiesene Tatsachenbehauptungen, kursrelevant daher unbedingt angeben
Antwort auf Beitrag Nr.: 47.490.655 von Frhstck am 12.08.14 07:38:51http://www.taipeitimes.com/News/biz/archives/2014/08/12/2003…
uschi du kommst hier vermutlich doch noch raus.
uschi du kommst hier vermutlich doch noch raus.
krass wie die steigt
laut IR Abteilung bleibt der Handel voraussichtlich über mehrere Monate ausgesetzt.
Mail liegt mir im Original vor
Mail liegt mir im Original vor
Antwort auf Beitrag Nr.: 47.501.806 von Frhstck am 13.08.14 09:46:37das tut mir leid für deine longs.
For shareholders “all is not necessarily lost,” Winterboer said. “We’re working with the numbers and it’s hard to have answers. We need to establish values and what goes into the good bank. People have lost a lot of money and one is sympathetic.”
http://www.bloomberg.com/news/2014-08-13/african-bank-suspen…
“all is not necessarily lost,” Winterboer said. “We’re working with the numbers and it’s hard to have answers. We need to establish values and what goes into the good bank. People have lost a lot of money and one is sympathetic.”http://www.bloomberg.com/news/2014-08-13/african-bank-suspen…
Antwort auf Beitrag Nr.: 47.501.806 von Frhstck am 13.08.14 09:46:37Das heißt aber nicht dass Du nix machen musst. Wenn Du das hier richtig spielen willst (und es so kommt wie bisher verlautbart) müsstest Du schon die KE zeichnen. Weil sonst...nur mit den Altaktien...siehts böse aus.
Ich gehe ohnehin nicht davon aus das die Altaktien nochmal eingesetzt werden. Von daher kaufe ohnehin die neuen aktien
Zitat von Pfandbrief: Das heißt aber nicht dass Du nix machen musst. Wenn Du das hier richtig spielen willst (und es so kommt wie bisher verlautbart) müsstest Du schon die KE zeichnen. Weil sonst...nur mit den Altaktien...siehts böse aus.
‘Limited’ Appetite
“Our initial reaction to the 10 percent haircut was one of surprise,” Conrad Wood, head of fixed-income investments at Momentum, said by phone from Johannesburg yesterday. “We’d like some insight as to how they arrived at that and we look forward to engaging with the curator soon.”
“Our initial reaction to the 10 percent haircut was one of surprise,” Conrad Wood, head of fixed-income investments at Momentum, said by phone from Johannesburg yesterday. “We’d like some insight as to how they arrived at that and we look forward to engaging with the curator soon.”
“Equity holders, preference share holders and subordinated debt holders will lose all their capital,” Coronation said.
http://www.iol.co.za/business/news/coronation-learns-soberin…
http://www.iol.co.za/business/news/coronation-learns-soberin…
“Our initial reaction to the 10 percent haircut was one of surprise,” Conrad Wood, head of fixed-income investments at Momentum, said by phone from Johannesburg yesterday. “We’d like some insight as to how they arrived at that and we look forward to engaging with the curator soon.”
"Shareholders might not be completely wiped out, said Tom Winterboer, who was appointed caretaker of Abil. “We need to establish values and what goes into the good bank,” he said. "
http://www.iol.co.za/business/news/...on-from-abil-wipe-out-…
http://www.iol.co.za/business/news/...on-from-abil-wipe-out-…
Antwort auf Beitrag Nr.: 47.526.505 von Frhstck am 15.08.14 13:56:57Das betrifft aber die Anleihen
kein handel in sicht
Schaut nicht gut aus: Wenn die nachrangigen Gläubiger nichts bekommen, wird für die Aktionäre schon gar nichts rausschauen…
http://www.bloomberg.com/news/2014-08-22/african-bank-failur…
http://www.bloomberg.com/news/2014-08-22/african-bank-failur…
Fast 1 Monat ist vergangen und es hat sich nichts getan
Die neuen Aktien werden wohl ab Anfang Februar 2015 an der JSE gehandelt werden. Der Antrag dafür muss bis Anfang Nov 2014 der Börse Johannesburg vorliegen.
Sollte noch Interesse bestehen - habe noch eine kleine LONG Posi der African Bank - diese würde ich ausserbörslich verkaufen. Bei Interesse einfach melden.
Antwort auf Beitrag Nr.: 47.479.924 von Frkst am 10.08.14 17:36:04
10 August 2014 18:14
Sarb to buy “bad” book for R7bn.
PRETORIA – The South African Reserve Bank (Sarb) has placed African Bank under curatorship with immediate effect, announcing a R10 billion recapitalisation for the “good” bank, which would be provided by private sector firms, including Capitec Bank.
The announcement follows a third quarter trading update issued on August 6, where African Bank Investments Limited (Abil) flagged an expected headline loss of R6.4 billion for the year to September 30. The unsecured lender also said it would need a minimum R8.5 billion capital and announced the resignation of chief executive Leon Kirkinis.
Addressing media on Sunday afternoon, Reserve Bank Governor Gill Marcus announced that PwC financial services leader for Africa, Tom Winterboer had been appointed as curator.
Marcus said the curatorship was part of implementing a resolution plan “capable of ensuring that the business of African Bank gains a secure perspective for the future as a lending institution with a transformed business model".
The decision was taken by the Registrar of Banks, Rene van Wyk, in consultation with the Minister of Finance, Nhlanla Nene. The curators would be paid from Abil’s revenue stream and Marcus said their payment would be closely supervised, although there was no time limit on the curatorship.
She emphasised that African Bank remained opened for business and said Winterboer, who would “be in the bank tomorrow morning”, would make decisions regarding the continued granting of loans and sound banking activities generally.
Sarb buys the “bad” book
Part of African Bank’s rescue involves the purchase by the Sarb of a substantial portion of the non- and under-performing assets and other high-risk loans from African Bank in order to separate them from the “good” bank.
The “bad” book currently has a book value net of specific impairments of R17 billion, for which the Sarb would pay R7 billion. “Collection against the bad book will be continued, and indeed strengthened: there is no payment holiday for anyone owing on a loan from African Bank,” Marcus said.
“Every effort will be made to ensure that collections continue with the goal of avoiding any cost to the taxpayer arising out of this measure. A claw back arrangement will be put in place for the bad book to the extent that performance exceeds expectations,” noted Marcus.
“Good” bank restructured
A consortium of private sector players has committed to underwrite a R10 billion capital raise for African Bank. The consortium comprises Absa, Capitec, FirstRand, Investec, Nedbank, Standard Bank and the Public Investment Corporation (PIC). Marcus said that current shareholders and subordinated debt holders would be provided with an opportunity to participate in the recapitalisation of the new entity, i.e. the “good” bank, which had a book value of R26 billion net of portfolio impairments.
“The consortium has offered management and technical skills to reinforce skills required under the curatorship,” she noted.
She said that retail depositors represented less than 1% of African Bank’s creditors. “We are therefore able to make an unequivocal commitment to all existing retail depositors that their money is safe and that they can continue with African Bank as their bank without fear that their deposits will be frozen or lost,” she said.
Marcus explained that existing retail depositors and specified sundry creditors would be transferred into the “good” bank at full value. Senior debt instruments and wholesale deposits (excluding subordinated debt holders) would be transferred at 90% of face value following the restructuring.
The clients of fund managers that had invested with Abil, which include Coronation and the PIC, would be the ones to take a haircut on their investments, Van Wyk said in response to a question.
Ellerines
Abil announced that it had placed Ellerine Furnishers, a wholly owned subsidiary of Ellerine Holdings, into business rescue on August 7. Marcus said that the business rescue process brought to an end the R70 million minimum monthly funding support Abil had previously provided to Ellerine Furnishers.
Moral hazard risk?
“While we do not see systemic risk in this, we would be conscious that any bank that fails has risk to it,” Marcus said. “It’s not that we didn’t see it coming, we saw the weaknesses… measures that needed to be taken were not done in the manner that was required or to the extent that was required.”
According to Marcus, Van Wyk and his team intensified active engagement with the management and board of Abil towards the end of 2012. “The concerns they expressed particularly focused on African Bank’s impairment and provisioning policy, its rapid credit growth, and the need for a strategic rethink of its business model,” Marcus said.
She noted that the governors held regular meetings with the Banking Supervision Department since May 2013 on the steps they required African Bank to take in addressing the concerns. “The measures taken by African Bank as a result of this engagement included a higher level of provisioning for non-performing loans, a review of its provisioning policy, and a rights issue that raised R5.5 billion in December 2013. The management was also requested to dispose of Ellerine Holdings,” Marcus noted.
Considering that African Bank at that stage had a capital adequacy ratio of 32%, which is above the minimum requirement, Marcus said the Sarb was satisfied that the R5.5 billion capital raise was sufficient.
Whether or not Abil would be suspended from trading on the JSE, Marcus said, would be a decision taken by the stock exchange in consultation with the curator. However, she said it was intended that the “good” bank holding company would be listed on the JSE in due course and would include the acquisition at fair value of the various insurance entities within the Abil Group.
Marcus said the Sarb would use the lessons from Abil to see whether there were things that could have been done better (on the part of Abil management), as well as what the regulator itself had not catered for.
Marcus was comfortable that the Sarb’s actions did not create a precedent for other banks to behave recklessly in the hopes that Pretoria would come to their rescue. “We are always conscious of the moral hazard, but I don’t think that would be a result of the steps we’ve taken here,” she said.
She stressed that the need to promote access to finance and financial inclusion was precisely why it was important to rescue the “good” bank. “Our responsibility is to the system and the bank as a whole and to ensure Abil’s 3.2 million clients have access to finance,” Marcus said.
African Bank placed under curatorship
Author: Hanna Barry|10 August 2014 18:14
Sarb to buy “bad” book for R7bn.
PRETORIA – The South African Reserve Bank (Sarb) has placed African Bank under curatorship with immediate effect, announcing a R10 billion recapitalisation for the “good” bank, which would be provided by private sector firms, including Capitec Bank.
The announcement follows a third quarter trading update issued on August 6, where African Bank Investments Limited (Abil) flagged an expected headline loss of R6.4 billion for the year to September 30. The unsecured lender also said it would need a minimum R8.5 billion capital and announced the resignation of chief executive Leon Kirkinis.
Addressing media on Sunday afternoon, Reserve Bank Governor Gill Marcus announced that PwC financial services leader for Africa, Tom Winterboer had been appointed as curator.
Marcus said the curatorship was part of implementing a resolution plan “capable of ensuring that the business of African Bank gains a secure perspective for the future as a lending institution with a transformed business model".
The decision was taken by the Registrar of Banks, Rene van Wyk, in consultation with the Minister of Finance, Nhlanla Nene. The curators would be paid from Abil’s revenue stream and Marcus said their payment would be closely supervised, although there was no time limit on the curatorship.
She emphasised that African Bank remained opened for business and said Winterboer, who would “be in the bank tomorrow morning”, would make decisions regarding the continued granting of loans and sound banking activities generally.
Sarb buys the “bad” book
Part of African Bank’s rescue involves the purchase by the Sarb of a substantial portion of the non- and under-performing assets and other high-risk loans from African Bank in order to separate them from the “good” bank.
The “bad” book currently has a book value net of specific impairments of R17 billion, for which the Sarb would pay R7 billion. “Collection against the bad book will be continued, and indeed strengthened: there is no payment holiday for anyone owing on a loan from African Bank,” Marcus said.
“Every effort will be made to ensure that collections continue with the goal of avoiding any cost to the taxpayer arising out of this measure. A claw back arrangement will be put in place for the bad book to the extent that performance exceeds expectations,” noted Marcus.
“Good” bank restructured
A consortium of private sector players has committed to underwrite a R10 billion capital raise for African Bank. The consortium comprises Absa, Capitec, FirstRand, Investec, Nedbank, Standard Bank and the Public Investment Corporation (PIC). Marcus said that current shareholders and subordinated debt holders would be provided with an opportunity to participate in the recapitalisation of the new entity, i.e. the “good” bank, which had a book value of R26 billion net of portfolio impairments.
“The consortium has offered management and technical skills to reinforce skills required under the curatorship,” she noted.
She said that retail depositors represented less than 1% of African Bank’s creditors. “We are therefore able to make an unequivocal commitment to all existing retail depositors that their money is safe and that they can continue with African Bank as their bank without fear that their deposits will be frozen or lost,” she said.
Marcus explained that existing retail depositors and specified sundry creditors would be transferred into the “good” bank at full value. Senior debt instruments and wholesale deposits (excluding subordinated debt holders) would be transferred at 90% of face value following the restructuring.
The clients of fund managers that had invested with Abil, which include Coronation and the PIC, would be the ones to take a haircut on their investments, Van Wyk said in response to a question.
Ellerines
Abil announced that it had placed Ellerine Furnishers, a wholly owned subsidiary of Ellerine Holdings, into business rescue on August 7. Marcus said that the business rescue process brought to an end the R70 million minimum monthly funding support Abil had previously provided to Ellerine Furnishers.
Moral hazard risk?
“While we do not see systemic risk in this, we would be conscious that any bank that fails has risk to it,” Marcus said. “It’s not that we didn’t see it coming, we saw the weaknesses… measures that needed to be taken were not done in the manner that was required or to the extent that was required.”
According to Marcus, Van Wyk and his team intensified active engagement with the management and board of Abil towards the end of 2012. “The concerns they expressed particularly focused on African Bank’s impairment and provisioning policy, its rapid credit growth, and the need for a strategic rethink of its business model,” Marcus said.
She noted that the governors held regular meetings with the Banking Supervision Department since May 2013 on the steps they required African Bank to take in addressing the concerns. “The measures taken by African Bank as a result of this engagement included a higher level of provisioning for non-performing loans, a review of its provisioning policy, and a rights issue that raised R5.5 billion in December 2013. The management was also requested to dispose of Ellerine Holdings,” Marcus noted.
Considering that African Bank at that stage had a capital adequacy ratio of 32%, which is above the minimum requirement, Marcus said the Sarb was satisfied that the R5.5 billion capital raise was sufficient.
Whether or not Abil would be suspended from trading on the JSE, Marcus said, would be a decision taken by the stock exchange in consultation with the curator. However, she said it was intended that the “good” bank holding company would be listed on the JSE in due course and would include the acquisition at fair value of the various insurance entities within the Abil Group.
Marcus said the Sarb would use the lessons from Abil to see whether there were things that could have been done better (on the part of Abil management), as well as what the regulator itself had not catered for.
Marcus was comfortable that the Sarb’s actions did not create a precedent for other banks to behave recklessly in the hopes that Pretoria would come to their rescue. “We are always conscious of the moral hazard, but I don’t think that would be a result of the steps we’ve taken here,” she said.
She stressed that the need to promote access to finance and financial inclusion was precisely why it was important to rescue the “good” bank. “Our responsibility is to the system and the bank as a whole and to ensure Abil’s 3.2 million clients have access to finance,” Marcus said.
Antwort auf Beitrag Nr.: 48.389.027 von R-BgO am 22.11.14 18:44:18Glaube, ich warte nicht (mehr) darauf, dass die opportunity provided wird...
Betrachte dies nun als die Insolvenz, die es wirtschaftlich ist.
over-and-out
Betrachte dies nun als die Insolvenz, die es wirtschaftlich ist.
over-and-out
Gibt nichts neues oder?
Antwort auf Beitrag Nr.: 48.509.798 von Frhstck am 07.12.14 16:15:04gibt es neues zu African Bank?
Antwort auf Beitrag Nr.: 47.628.990 von blockmalz am 28.08.14 07:12:42http://www.iol.co.za/business/companies/african-bank-targeti…
03.03.2015
Further update on the Curatorship of African Bank and proposed restructuring measures, further cautionary announcement and continued suspension of all debt securities of the African Bank and all equity securities of ABIL and other related matters
http://africanbank.investoreports.com/further-update-on-the-…
06.03.2015
African Bank Limited (in Curatorship) maturing bonds
http://africanbank.investoreports.com/african-bank-limited-i…
Further update on the Curatorship of African Bank and proposed restructuring measures, further cautionary announcement and continued suspension of all debt securities of the African Bank and all equity securities of ABIL and other related matters
http://africanbank.investoreports.com/further-update-on-the-…
06.03.2015
African Bank Limited (in Curatorship) maturing bonds
http://africanbank.investoreports.com/african-bank-limited-i…
Antwort auf Beitrag Nr.: 49.446.632 von Lwymi am 28.03.15 15:27:35
und wann bekommen wir weitere Informationen?
As noted in the SENS notice dated 3 March 2015, the Curator intends to release an Information Memorandum in due course which is expected to detail the intended restructuring approach of the Bank and the impact of this on the bonds referred to above.
und wann bekommen wir weitere Informationen?
Antwort auf Beitrag Nr.: 49.446.632 von Lwymi am 28.03.15 15:27:35Anscheinend gibt es doch Neuigkeiten, zum Oktober siehe unten.
Frage: Verstehe ich das richtig und die alten nicht gehandelten Aktien ISIN ZAE000030060 werden gegen Neue Aktien ISIN ZAE000221370 getauscht?
Passiert der Tausch automatisch und sind die neuen dann wieder ab dem 10.10.2016 handelbar?
Weiß jemand mehr?
Infos:
AFRICAN Bank Investments Limited ( Abil ), which no longer owns micro lender African Bank Limited, has paid all its creditors and now looks to the JSE to lift its trading suspension.
http://www.sowetanlive.co.za/business/2016/05/27/abil-is-bac…
Ablauf:
http://www.sharenet.co.za/free/sens/disp_news.phtml?tdate=20…
Komplette Unterlagen, (siehe Punkt 11. SPECIAL RESOLUTION NUMBER 6 ab Seite 9):
http://www.abil.co.za/downloads/AFRICAN%20BANK%20CIRCULAR_WE…
Feedback mit weiteren Infos ist sehr willkommen...
Frage: Verstehe ich das richtig und die alten nicht gehandelten Aktien ISIN ZAE000030060 werden gegen Neue Aktien ISIN ZAE000221370 getauscht?
Passiert der Tausch automatisch und sind die neuen dann wieder ab dem 10.10.2016 handelbar?
Weiß jemand mehr?
Infos:
AFRICAN Bank Investments Limited ( Abil ), which no longer owns micro lender African Bank Limited, has paid all its creditors and now looks to the JSE to lift its trading suspension.
http://www.sowetanlive.co.za/business/2016/05/27/abil-is-bac…
Ablauf:
http://www.sharenet.co.za/free/sens/disp_news.phtml?tdate=20…
Komplette Unterlagen, (siehe Punkt 11. SPECIAL RESOLUTION NUMBER 6 ab Seite 9):
http://www.abil.co.za/downloads/AFRICAN%20BANK%20CIRCULAR_WE…
Feedback mit weiteren Infos ist sehr willkommen...
Antwort auf Beitrag Nr.: 53.110.398 von KalusBeimer am 22.08.16 13:25:31
Vielen Dank für Deine Mühe, nachdem jetzt zwei Wochen vergangen sind und niemand etwas dazu geschrieben hat scheint auch keiner mehr Infos zu haben.
Ich habe auch noch ein paar Stücke als Depotleiche, leider.
Habe jetzt auchmal etwas gegoogelt aber auch nichts neues zu Tage fördern können.
Ich kann mir nicht vorstellen das wir da noch einen Umtausch oder sonst irgendetwas sehen.
Müßte man sich dazu nicht irgendwie registrieren oder einen Claim haben?
Von meiner Bank habe ich nichts diesbezüglich gehört.
Ich habe auch nirgends etwas von einem Umtauschverhältnis von alt zu neu gelesen.
Lasse mich gerne positiv überraschen wenn da noch was kommt aber glaube nicht daran.
Vielen Dank für Deine Mühe, nachdem jetzt zwei Wochen vergangen sind und niemand etwas dazu geschrieben hat scheint auch keiner mehr Infos zu haben.
Ich habe auch noch ein paar Stücke als Depotleiche, leider.
Habe jetzt auchmal etwas gegoogelt aber auch nichts neues zu Tage fördern können.
Ich kann mir nicht vorstellen das wir da noch einen Umtausch oder sonst irgendetwas sehen.
Müßte man sich dazu nicht irgendwie registrieren oder einen Claim haben?
Von meiner Bank habe ich nichts diesbezüglich gehört.
Ich habe auch nirgends etwas von einem Umtauschverhältnis von alt zu neu gelesen.
Lasse mich gerne positiv überraschen wenn da noch was kommt aber glaube nicht daran.
Antwort auf Beitrag Nr.: 53.110.398 von KalusBeimer am 22.08.16 13:25:31Kann hier def. nichts von einem Aktientausch lesen. Es kommen lediglich neue Shares unter neuen Namen auf dem Markt. Unsere alten Shares sind völlig wertlos. So lese ich das aus den Unterlagen heraus.
Zitat von KalusBeimer: Anscheinend gibt es doch Neuigkeiten, zum Oktober siehe unten.
Frage: Verstehe ich das richtig und die alten nicht gehandelten Aktien ISIN ZAE000030060 werden gegen Neue Aktien ISIN ZAE000221370 getauscht?
Passiert der Tausch automatisch und sind die neuen dann wieder ab dem 10.10.2016 handelbar?
Weiß jemand mehr?
Infos:
AFRICAN Bank Investments Limited ( Abil ), which no longer owns micro lender African Bank Limited, has paid all its creditors and now looks to the JSE to lift its trading suspension.
http://www.sowetanlive.co.za/business/2016/05/27/abil-is-bac…
Ablauf:
http://www.sharenet.co.za/free/sens/disp_news.phtml?tdate=20…
Komplette Unterlagen, (siehe Punkt 11. SPECIAL RESOLUTION NUMBER 6 ab Seite 9):
http://www.abil.co.za/downloads/AFRICAN%20BANK%20CIRCULAR_WE…
Feedback mit weiteren Infos ist sehr willkommen...
aktienumtausch wurde lt meinem broker abgesagt - bzw vom emittenten zurückgezogen
Antwort auf Beitrag Nr.: 53.528.055 von Frhstck am 21.10.16 19:14:59
Heist das das man als normal Sterblicher nicht afrikanischer Großanleger auch etwas bekommen hätte wenn der Aktientausch durchgeführt worden wäre?
Heist das das man als normal Sterblicher nicht afrikanischer Großanleger auch etwas bekommen hätte wenn der Aktientausch durchgeführt worden wäre?
Antwort auf Beitrag Nr.: 53.530.314 von Frkst am 22.10.16 10:08:34Ja, der Umtausch war eigentlich schon avisiert. Als aber am 10.10.2016 noch kein Umtausch passierte, habe ich meinen Broker angeschrieben. Dieser hat mir versichert das der Umtausch abgesagt wurde
Zitat von Frkst: Heist das das man als normal Sterblicher nicht afrikanischer Großanleger auch etwas bekommen hätte wenn der Aktientausch durchgeführt worden wäre?
Antwort auf Beitrag Nr.: 53.545.572 von Frhstck am 25.10.16 08:33:08
Danke für die Info, schade das man nicht erfährt warum abgesagt wurde und ob ein neuer Umtauschtermin geplant ist.
Danke für die Info, schade das man nicht erfährt warum abgesagt wurde und ob ein neuer Umtauschtermin geplant ist.
Antwort auf Beitrag Nr.: 53.559.744 von Frkst am 26.10.16 19:00:47liegt wohl viel an der Börse in Südafrika - die Codierung zieht sich hin
Zitat von Frkst: Danke für die Info, schade das man nicht erfährt warum abgesagt wurde und ob ein neuer Umtauschtermin geplant ist.
Sollte jmd Interesse haben meine Stücke ausserbörslich zu erwerben so möge er mich bitte kontaktieren.
Vielen Dank
Vielen Dank
Info
http://www.fin24.com/Companies/Financial-Services/abil-annou…
The name African Phoenix Investments has been registered by the Companies and Intellectual Property Commission (CIPC), although the ISIN and JSE ticker code changes have not yet occurred at the JSE, Abil explained.
Accordingly, the board continues to work with the JSE to ensure the lifting of the suspension in the trading of its ordinary and preference shares occurs as soon as practicably possible.
"Further public announcements will follow regarding the salient dates and times pertaining to, inter alia, the last day to trade in Abil shares, the date of the lifting of the suspension of securities and the resumption of trading in the ordinary and preference shares on the JSE under the new JSE codes, together with the new ISIN numbers in respect thereof," said Abil.
"At the request of the board, it is anticipated that shares will resume trading under the new company name, African Phoenix Investments."
"We look forward to unveiling the group's adopted strategy in early 2017 in which we will outline how we intend to build the group into a premier South African investment holdings business," said Abil CEO Enos Banda.
Sollte jetzt nicht mehr so lange dauern bis wieder handelbar. Neue ISIn etc bereits alles bekannt. Nur durch einen Formfehler verschob sich das neue Listing
http://www.fin24.com/Companies/Financial-Services/abil-annou…
The name African Phoenix Investments has been registered by the Companies and Intellectual Property Commission (CIPC), although the ISIN and JSE ticker code changes have not yet occurred at the JSE, Abil explained.
Accordingly, the board continues to work with the JSE to ensure the lifting of the suspension in the trading of its ordinary and preference shares occurs as soon as practicably possible.
"Further public announcements will follow regarding the salient dates and times pertaining to, inter alia, the last day to trade in Abil shares, the date of the lifting of the suspension of securities and the resumption of trading in the ordinary and preference shares on the JSE under the new JSE codes, together with the new ISIN numbers in respect thereof," said Abil.
"At the request of the board, it is anticipated that shares will resume trading under the new company name, African Phoenix Investments."
"We look forward to unveiling the group's adopted strategy in early 2017 in which we will outline how we intend to build the group into a premier South African investment holdings business," said Abil CEO Enos Banda.
Sollte jetzt nicht mehr so lange dauern bis wieder handelbar. Neue ISIn etc bereits alles bekannt. Nur durch einen Formfehler verschob sich das neue Listing
Antwort auf Beitrag Nr.: 54.087.902 von Frhstck am 15.01.17 15:40:17
Hallo,
und Du meinst wirklich das das unsere alten Shares sind?
Gibts da eine Prognose oder hast Du Dir einen Kurs ausgerechnet?
Werden die Stücke vielleicht im Verhältnis 1:100 zusammengelegt, sprich für eine neue Aktie
für 100 Alte.
Ich habe darüber nichts finden können.
Vielen Dank
Hallo,
und Du meinst wirklich das das unsere alten Shares sind?
Gibts da eine Prognose oder hast Du Dir einen Kurs ausgerechnet?
Werden die Stücke vielleicht im Verhältnis 1:100 zusammengelegt, sprich für eine neue Aktie
für 100 Alte.
Ich habe darüber nichts finden können.
Vielen Dank
Antwort auf Beitrag Nr.: 54.111.605 von Frkst am 18.01.17 17:30:56African Phoenix Investments Ltd Press Release
24 January 2017
African Bank Investments Limited announces the lifting of suspension of JSE listed shares and change of name, effective 1 February 2017.
Johannesburg, African Bank Investments Limited, commonly known as ABIL, today announced that the JSE Ltd ('JSE) has approved the lifting of the suspension of trading of the company’s shares. In an action marking a departure and separation from its banking past, the company also announced that it has officially changed its name to African Phoenix Investments Ltd (Phoenix). The name change becomes effective 1 February 2017.
In accordance with the JSE regulatory timelines, the listing of and trading of new ordinary and preference shares on the JSE will be effective under the new name African Phoenix Investments from 1 February 2017.
From 1 February, ordinary shareholders will be able to trade African Phoenix shares under the JSE code AXL ISIN : ZAE000221370. Preference shareholders will be able to trade their shares under JSE code AXLP ISIN: ZAE000221388.
Enos Banda, African Phoenix CEO, noted: "Since I became a part of Phoenix in September 2016, shareholders have been clear that resumption of trade in the company’s shares was a very high and immediate priority. We have now achieved this important milestone. We now fully turn out focus on the equally important work of creating sustainable shareholder value for our shareholders. In the first quarter of 2017, we will be demonstrating and disseminating the strategy that forms the bedrock of our value creation efforts".
The company’s name change is necessitated by the company’s divestment from the banking sector, which requires that the word “bank” be removed from the company name as per section 27 of the banks Act, 1990 (Act 94 of 1990). The name change does not, however, change to the company’s operating. In conjunction with the name change, the company will unveil its new brand which will reflect the new business strategy.
24 January 2017
African Bank Investments Limited announces the lifting of suspension of JSE listed shares and change of name, effective 1 February 2017.
Johannesburg, African Bank Investments Limited, commonly known as ABIL, today announced that the JSE Ltd ('JSE) has approved the lifting of the suspension of trading of the company’s shares. In an action marking a departure and separation from its banking past, the company also announced that it has officially changed its name to African Phoenix Investments Ltd (Phoenix). The name change becomes effective 1 February 2017.
In accordance with the JSE regulatory timelines, the listing of and trading of new ordinary and preference shares on the JSE will be effective under the new name African Phoenix Investments from 1 February 2017.
From 1 February, ordinary shareholders will be able to trade African Phoenix shares under the JSE code AXL ISIN : ZAE000221370. Preference shareholders will be able to trade their shares under JSE code AXLP ISIN: ZAE000221388.
Enos Banda, African Phoenix CEO, noted: "Since I became a part of Phoenix in September 2016, shareholders have been clear that resumption of trade in the company’s shares was a very high and immediate priority. We have now achieved this important milestone. We now fully turn out focus on the equally important work of creating sustainable shareholder value for our shareholders. In the first quarter of 2017, we will be demonstrating and disseminating the strategy that forms the bedrock of our value creation efforts".
The company’s name change is necessitated by the company’s divestment from the banking sector, which requires that the word “bank” be removed from the company name as per section 27 of the banks Act, 1990 (Act 94 of 1990). The name change does not, however, change to the company’s operating. In conjunction with the name change, the company will unveil its new brand which will reflect the new business strategy.
Zitat von Frkst: Hallo,
und Du meinst wirklich das das unsere alten Shares sind?
Gibts da eine Prognose oder hast Du Dir einen Kurs ausgerechnet?
Werden die Stücke vielleicht im Verhältnis 1:100 zusammengelegt, sprich für eine neue Aktie
für 100 Alte.
Ich habe darüber nichts finden können.
Vielen Dank
Antwort auf Beitrag Nr.: 54.216.478 von Frhstck am 01.02.17 18:39:23Da blicke ich noch nicht ganz durch.
Der Code in Deinem Bild ist AXLJ.J
Die ABL werden aber in den Hybridcode ABLP ungewandelt, bevor sie dann wohl in African Phoenix notieren.
Die Maketcap ist 504 Mill Rand, das sind gerade mal 35 Mio Euro.
Bei 1,5 Milliarden ausstehenden Aktien sind das etwas über 2,.. Cent pro Aktie, das ist nicht gerade erbauend.
Ich laß mich jetzt mal überraschen wenn sie dann in Deutschland wieder gehandelt werden, hoffe ob überhaupt...
Bei 2 Cent pro Aktie wird ein Verkauf in Südafrika durch die Gebühren aufgefressen, leider.
Der Code in Deinem Bild ist AXLJ.J
Die ABL werden aber in den Hybridcode ABLP ungewandelt, bevor sie dann wohl in African Phoenix notieren.
Die Maketcap ist 504 Mill Rand, das sind gerade mal 35 Mio Euro.
Bei 1,5 Milliarden ausstehenden Aktien sind das etwas über 2,.. Cent pro Aktie, das ist nicht gerade erbauend.
Ich laß mich jetzt mal überraschen wenn sie dann in Deutschland wieder gehandelt werden, hoffe ob überhaupt...
Bei 2 Cent pro Aktie wird ein Verkauf in Südafrika durch die Gebühren aufgefressen, leider.
Antwort auf Beitrag Nr.: 54.217.474 von Frkst am 01.02.17 20:21:37Scheint sich wirklich was zu tun, Börse Stuttgart heute morgen:
Antwort auf Beitrag Nr.: 54.219.220 von Frkst am 02.02.17 07:07:05
und hier die ersten Taxierungen:
https://www.boerse-stuttgart.de/de/boersenportal/wertpapiere…
und hier die ersten Taxierungen:
https://www.boerse-stuttgart.de/de/boersenportal/wertpapiere…
Antwort auf Beitrag Nr.: 54.219.832 von Frkst am 02.02.17 08:40:46
und ne neue Webseite haben sie auch:
http://www.phoenixinvestments.co.za/
und ne neue Webseite haben sie auch:
http://www.phoenixinvestments.co.za/
Antwort auf Beitrag Nr.: 54.220.135 von Frkst am 02.02.17 09:19:27lt Email IR Abteilung gibt es aber nur einen Handel in Südafrika. Da kann ich leidet nicht handeln.
Zitat von Frkst: und ne neue Webseite haben sie auch:
http://www.phoenixinvestments.co.za/
Antwort auf Beitrag Nr.: 54.243.050 von Frhstck am 05.02.17 14:47:59
Nein Stuttgart und Frankfurt handeln. Bei beiden sind die Umsätze bisher aber null, liegt wohl daran das die Aktie in Deutschland noch nicht freigegeben ist. Ich habe auch einen Brief von meiner Bank bekommen das meine Stücke noch verwahrt sind. Das dauert in der Regel immer eine oder zwei Wochen.
Ich würde eh nicht gleich verkaufen. Erstmal sehen was Sie für einen Businessplan aufstellen und wie es mit RDS und Ellerines weitergeht.
Nein Stuttgart und Frankfurt handeln. Bei beiden sind die Umsätze bisher aber null, liegt wohl daran das die Aktie in Deutschland noch nicht freigegeben ist. Ich habe auch einen Brief von meiner Bank bekommen das meine Stücke noch verwahrt sind. Das dauert in der Regel immer eine oder zwei Wochen.
Ich würde eh nicht gleich verkaufen. Erstmal sehen was Sie für einen Businessplan aufstellen und wie es mit RDS und Ellerines weitergeht.
Antwort auf Beitrag Nr.: 54.245.717 von Frkst am 06.02.17 08:03:27Würde auch nicht gleich verkaufen - habe nur etwas die Sorge bzgl dem deutschen Handel. Ob dieser auf Dauer bestehen bleibt.
PS: meine Stücke sind auch noch nicht geliefert
PS: meine Stücke sind auch noch nicht geliefert
Zitat von Frkst: Nein Stuttgart und Frankfurt handeln. Bei beiden sind die Umsätze bisher aber null, liegt wohl daran das die Aktie in Deutschland noch nicht freigegeben ist. Ich habe auch einen Brief von meiner Bank bekommen das meine Stücke noch verwahrt sind. Das dauert in der Regel immer eine oder zwei Wochen.
Ich würde eh nicht gleich verkaufen. Erstmal sehen was Sie für einen Businessplan aufstellen und wie es mit RDS und Ellerines weitergeht.
Auf meine Frage ob der Handel auch in Amerika oder Deutschland stattfinden würde.
Gibt es schon einen Kurspink zur JSE???
Antwort auf Beitrag Nr.: 54.246.743 von Frhstck am 06.02.17 10:02:45
http://www.sharenet.co.za/v3/quickshare.php?scode=AXL
http://www.sharenet.co.za/v3/quickshare.php?scode=AXL
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