Board Change • May 20
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 8 non-independent directors. Independent Director Joseph Andre Philip Jean de Fondaumiere was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. 공시 • Nov 12
BMH Ltd announces Annual dividend, payable on December 19, 2025 BMH Ltd. announced Annual dividend of MUR 1.3500 per share payable on December 19, 2025, ex-date on November 27, 2025 and record date on December 01, 2025. 공시 • Jul 26
The Access Bank UK Limited completed the acquisition of 76% stake in AfrAsia Bank Limited from IBL Ltd (MUSE:IBLL.N0000), National Bank of Canada (TSX:NA), BMH Ltd (MUSE:BMHL.N0000) and others. The Access Bank UK Limited entered into a binding agreement to acquire an 76% stake in AfrAsia Bank Limited from IBL Ltd (MUSE:IBLL.N0000), National Bank of Canada (TSX:NA), BMH Ltd (MUSE:BMHL.N0000) and others on November 13, 2024. as part of the acquisition, IBL Ltd intends to sell its 30.29% shareholding in AfrAsia Bank Limited. The proceeds from this divestiture will allow IBL Ltd to reduce its debt and be in a better position to manage and grow its investment portfolio in order to continue to create value for its shareholders. As of July 23, 2025, IBL Ltd completed the disposal of a 22.40%, out of its total 30.29% equity stake in AfrAsia Bank Limited. As a result, IBL will retain a 7.89% equity stake in ABL alongside Access Bank UK Limited.
For the period ending June 30, 2024, AfrAsia Bank Limited reported Net Profit After Tax of $152.4 million. As of June 30, 2024, AfrAsia Bank Limited reported total assets of $5.7 billion.
The transaction was approved by IBL’s Board of Directors. The transaction will be subject to the satisfactory completion of conditions precedent, the obtention of relevant regulatory approvals and any other approvals required by the parties.
Rizwan Rahman of CMS Cameron McKenna Nabarro Olswang LLP acted as legal advisor to The Access Bank UK Limited.
The Access Bank UK Limited completed the acquisition of 76% stake in AfrAsia Bank Limited from IBL Ltd (MUSE:IBLL.N0000), National Bank of Canada (TSX:NA), BMH Ltd (MUSE:BMHL.N0000) and others on July 24, 2025. The transaction has received all necessary regulatory approvals. 공시 • Jun 09
BMH Ltd, Annual General Meeting, Jun 30, 2025 BMH Ltd, Annual General Meeting, Jun 30, 2025, at 09:30 Arabian Standard Time. Location: boardroom of la maison 1794, constance, centre de flacq, Mauritius 공시 • Feb 25
BMH Ltd announces Annual dividend, payable on April 08, 2025 BMH Ltd announced Annual dividend of MUR 1.0000 per share payable on April 08, 2025, ex-date on March 14, 2025 and record date on March 18, 2025. New Risk • Aug 24
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 1.5x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.5x net interest cover). Minor Risk Market cap is less than US$100m (MU₨2.04b market cap, or US$44.4m). Reported Earnings • Aug 22
Second quarter 2024 earnings released: MU₨0.53 loss per share (vs MU₨0.65 loss in 2Q 2023) Second quarter 2024 results: MU₨0.53 loss per share (improved from MU₨0.65 loss in 2Q 2023). Revenue: MU₨1.35b (up 15% from 2Q 2023). Net loss: MU₨41.5m (loss narrowed 19% from 2Q 2023). Over the last 3 years on average, earnings per share has increased by 112% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. 공시 • Jun 21
BMH Ltd, Annual General Meeting, Jun 28, 2024 BMH Ltd, Annual General Meeting, Jun 28, 2024, at 09:30 Arabian Standard Time. Location: la maison 1794, constance, centre de flacq, Mauritius Reported Earnings • May 18
First quarter 2024 earnings released: EPS: MU₨2.52 (vs MU₨2.12 in 1Q 2023) First quarter 2024 results: EPS: MU₨2.52 (up from MU₨2.12 in 1Q 2023). Revenue: MU₨1.97b (up 9.8% from 1Q 2023). Net income: MU₨198.2m (up 19% from 1Q 2023). Profit margin: 10% (in line with 1Q 2023). Over the last 3 years on average, earnings per share has increased by 119% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • May 16
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to MU₨28.00, the stock trades at a trailing P/E ratio of 6.9x. Average trailing P/E is 9x in the Capital Markets industry in Africa. Total returns to shareholders of 44% over the past three years. Reported Earnings • Mar 29
Full year 2023 earnings released: EPS: MU₨4.06 (vs MU₨1.38 in FY 2022) Full year 2023 results: EPS: MU₨4.06 (up from MU₨1.38 in FY 2022). Revenue: MU₨6.00b (up 18% from FY 2022). Net income: MU₨319.2m (up 195% from FY 2022). Profit margin: 5.3% (up from 2.1% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 116% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Dec 29
Upcoming dividend of MU₨0.80 per share at 2.6% yield Eligible shareholders must have bought the stock before 05 January 2024. Payment date: 09 February 2024. Payout ratio is a comfortable 21% and this is well supported by cash flows. Trailing yield: 2.6%. Lower than top quartile of Mauritian dividend payers (5.8%). Lower than average of industry peers (6.6%). 공시 • Dec 18
BMH Ltd Declares Final Dividend for the Financial Year Ending 31 December 2023, Payable on or about 9 February 2024 BMH Ltd. has declared a final dividend of MUR 0.80 per ordinary share payable to shareholders registered at the close of business on 9 January 2024 in respect of its financial year ending 31 December 2023. The dividend will be paid on or about 9 February 2024. The shares of the Company will be traded cum-dividend up to the market day of 4 January 2024 and ex-dividend as from 5 January 2024. Reported Earnings • Nov 18
Third quarter 2023 earnings released: EPS: MU₨0.26 (vs MU₨0.61 loss in 3Q 2022) Third quarter 2023 results: EPS: MU₨0.26 (up from MU₨0.61 loss in 3Q 2022). Revenue: MU₨1.12b (up 6.2% from 3Q 2022). Net income: MU₨20.4m (up MU₨68.4m from 3Q 2022). Profit margin: 1.8% (up from net loss in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 103% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 18
Second quarter 2023 earnings released: MU₨0.65 loss per share (vs MU₨0.54 loss in 2Q 2022) Second quarter 2023 results: MU₨0.65 loss per share (further deteriorated from MU₨0.54 loss in 2Q 2022). Revenue: MU₨1.18b (up 12% from 2Q 2022). Net loss: MU₨51.0m (loss widened 19% from 2Q 2022). Over the last 3 years on average, earnings per share has increased by 88% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. 공시 • Jun 13
BMH Ltd, Annual General Meeting, Jun 29, 2023 BMH Ltd, Annual General Meeting, Jun 29, 2023, at 05:30 Coordinated Universal Time. Location: Boardroom of La Maison 1794, Constance Centre De Flacq Mauritius Agenda: To consider the Annual Report for the year ended 31 December 2022; to receive the report of Ernst & Young, the External Auditors of the Company;to adopt the Audited Financial Statements of the Company and the Group for the year ended 31 December 2022; to authorise the Board of Directors to fix the remuneration of the External Auditors Ernst & Young who have expressed their willingness to continue to act as External Auditors of the Company and will be automatically re-appointed; to approve Directors fees; to appoint Kevin P.Chan Too as Executive Director of the Company; to consider in accordance with article 21.6 of the Constitution of the Company to re-elect George J. Dumbell who retiring by rotation offers himself for re-election as Director of the Company and to authorise George J. Dumbell to continue to hold office as a Director of the Company in accordance with section 138 (6) of the Companies Act 2001; and to consider other issues. Upcoming Dividend • Dec 29
Upcoming dividend of MU₨0.60 per share Eligible shareholders must have bought the stock before 05 January 2023. Payment date: 08 February 2023. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of Mauritian dividend payers (4.9%). Lower than average of industry peers (4.9%). Reported Earnings • Nov 20
Third quarter 2022 earnings released: MU₨0.61 loss per share (vs MU₨1.73 loss in 3Q 2021) Third quarter 2022 results: MU₨0.61 loss per share (improved from MU₨1.73 loss in 3Q 2021). Revenue: MU₨1.05b (up 154% from 3Q 2021). Net loss: MU₨47.9m (loss narrowed 65% from 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. 공시 • Nov 17
BMH Ltd Announces CEO Changes BMH Ltd. announced the shareholders that Mr. Jean Ribet, Constance Group Chief Executive Officer (`CEO') has decided to retire from his post on 31 December 2022. The Boards of Directors of these Companies put on record their highest appreciation of Mr. Ribet's immense contribution to the development of the Constance Group during the past 30 years and to thank him for his most valuable collaboration. Mr. Clément Rey, currently Group Head of Investments and Development, has been appointed Constance Group CEO with effect from 1 January 2023. Mr. Rey has considerable experience in the affairs of the Group having held senior executive positions since 2004. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 8 non-independent directors. Independent Director Joseph Andre Philip Jean de Fondaumiere was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 21
Second quarter 2022 earnings released: MU₨0.54 loss per share (vs MU₨1.26 loss in 2Q 2021) Second quarter 2022 results: MU₨0.54 loss per share (up from MU₨1.26 loss in 2Q 2021). Revenue: MU₨1.05b (up 215% from 2Q 2021). Net loss: MU₨42.8m (loss narrowed 57% from 2Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 56 percentage points per year, which is a significant difference in performance. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 8 non-independent directors. Independent Director Kalindee Ramdhonee was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. 공시 • Apr 02
BMH Ltd to Report Fiscal Year 2021 Results on May 15, 2022 BMH Ltd announced that they will report fiscal year 2021 results on May 15, 2022 Upcoming Dividend • Jan 07
Upcoming dividend of MU₨0.45 per share Eligible shareholders must have bought the stock before 14 January 2022. Payment date: 04 February 2022. The company is not currently making a profit and is not cash flow positive. Trailing yield: 1.8%. Lower than top quartile of Mauritian dividend payers (3.5%). Lower than average of industry peers (8.8%). Reported Earnings • Dec 24
Full year 2020 earnings: Revenues in line with analyst expectations Full year 2020 results: Revenue: MU₨1.58b (down 56% from FY 2019). Net loss: MU₨535.6m (loss widened MU₨486.7m from FY 2019). Revenue was in line with analyst estimates. Is New 90 Day High Low • Jan 13
New 90-day low: MU₨23.75 The company is down 9.0% from its price of MU₨26.00 on 15 October 2020. The Mauritian market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Capital Markets industry, which is up 1.0% over the same period. Upcoming Dividend • Jan 08
Upcoming Dividend of MU₨0.40 Per Share Will be paid on the 2nd of February to those who are registered shareholders by the 15th of January. The trailing yield of 1.7% is below the top quartile of Mauritian dividend payers (5.7%), and is lower than industry peers (6.6%). Is New 90 Day High Low • Dec 14
New 90-day low: MU₨24.25 The company is down 10.0% from its price of MU₨26.80 on 14 September 2020. The Mauritian market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Capital Markets industry, which is down 4.0% over the same period. Reported Earnings • Nov 14
Third quarter 2020 earnings released: MU₨1.84 loss per share The company reported a poor third quarter result with increased losses and weaker revenues and control over expenses. Third quarter 2020 results: Revenue: MU₨93.2m (down 85% from 3Q 2019). Net loss: MU₨144.4m (loss widened 32% from 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 11% per year, which means it is performing significantly worse than earnings. Is New 90 Day High Low • Oct 29
New 90-day low: MU₨24.50 The company is down 9.0% from its price of MU₨27.05 on 31 July 2020. The Mauritian market is down 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Capital Markets industry, which is down 6.0% over the same period. Is New 90 Day High Low • Sep 19
New 90-day low: MU₨26.75 The company is down 1.0% from its price of MU₨27.00 on 19 June 2020. The Mauritian market is down 7.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Capital Markets industry, which is flat over the same period.