Recent Insider Transactions • May 22
Non-Executive Director recently sold R1.3m worth of stock On the 19th of May, Hilgard Meyer sold around 35k shares on-market at roughly R37.28 per share. This transaction amounted to 4.1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought R2.1m more than they sold in the last 12 months. Announcement • Mar 20
Momentum Group Limited to Report Fiscal Year 2026 Results on Sep 17, 2026 Momentum Group Limited announced that they will report fiscal year 2026 results on Sep 17, 2026 Announcement • Nov 22
Momentum Group Limited Approves Board Changes Momentum Group Limited held its AGM held on 20 November 2025, Ms Linda de Beer has resigned as Chair and member of the SETC with effect from 20 November 2025. Ms de Beer continues to serve as an independent non-executive director of the Company and MML. She remains Chair of the Group's Audit Committee, and a member of the Nominations, Remuneration, as well as Risk, Capital and Compliance committees. Dr Frannie Leautier has resigned as a member of the SETC with effect from 20 November 2025. Dr Leautier continues to serve as an independent non-executive director of the Company and MML. She remains Chair of the Group's Remuneration Committee, and a member of the Investments, Nominations, as well as Risk, Capital and Compliance committees. Ms Sharoda Rapeti has been appointed as Chair of the SETC with effect from 21 November 2025. Ms. Rapeti is an existing independent non-executive director of the Company and MML, and remains a member of the Group's Risk, Capital and Compliance Committee. These changes were made pursuant to the policy dealing with the nomination and evaluation of directors of the Group. Announcement • Oct 03
Momentum Group Limited, Annual General Meeting, Nov 20, 2025 Momentum Group Limited, Annual General Meeting, Nov 20, 2025. Location: momentum group offices, 268 west avenue, centurion, South Africa Announcement • Aug 25
Momentum Group Limited to Report Fiscal Year 2025 Results on Sep 17, 2025 Momentum Group Limited announced that they will report fiscal year 2025 results Pre-Market on Sep 17, 2025 Announcement • Mar 22
Momentum Group Limited Announces Changes to Board Committees Momentum Group Limited announced that in view of the upcoming retirement of Mr. Peter Cooper from the Group boards effective 20 November 2025, Dr Frannie Leautier, an existing member of the Group's Remuneration Committee ("Remco"), will be taking over from Mr. Cooper as the new Chair of Remco. In order to allow sufficient time for the handover, Dr Leautier's appointment as Chair of Remco will be effective 1 July 2025. Mr. Cooper will remain a member of Remco until his retirement in November 2025. Dr Leautier is an existing independent non-executive director of Momentum Group and MML and a member of the Group's Investments; Nominations; Risk, Capital and Compliance as well as Social, Ethics and Transformation committees. Announcement • Mar 20
The Momentum Group Declares Interim Dividend for the First Half of 2025, Payable on 14 April 2025 The Momentum Group declared an interim dividend of 85 cents per ordinary share for the first half of 2025. This dividend represents a payout ratio of 35% of Net Headline Earnings (NHE), which is close to the lower end of the Group's dividend payout range of 33% to 50% of NHE. The interim dividend is payable from income reserves to all holders of ordinary shares recorded in the Company's register on the record date, which is 11 April 2025. The dividend is subject to a local dividend withholding tax at a rate of 20%, resulting in a net interim dividend of 68 cents per ordinary share for those shareholders who are not exempt from paying dividend tax. The payment date for the dividend is 14 April 2025. The Group's policy of declaring dividends within the specified range remains unchanged, and a review of the current capital coverage targets and dividend policy is underway, with outcomes to be communicated in the year-end results announcement. Last date to trade cum-dividend is on 8 April 2025. Announcement • Feb 26
Momentum Group Limited to Report Q2, 2025 Results on Mar 20, 2025 Momentum Group Limited announced that they will report Q2, 2025 results at 9:00 AM, South Africa Standard Time on Mar 20, 2025 Announcement • Feb 20
Momentum Group Limited and Momentum Metropolitan Life Limited Announces Appointment of Jacobus Johannes (Kobus) Sieberhagen as Independent Non-Executive Director, Effective 1 March 2025 Momentum Group Limited and Momentum Metropolitan Life Limited announced the appointment of Dr. Jacobus Johannes (Kobus) Sieberhagen as an independent non-executive director of the company, with effect from 1 March 2025. Dr. Sieberhagen has over 30 years of experience in the financial services industry, with expertise in insurance, fintech, agriculture, and tourism. He is the owner of Sweetspot Consulting, where he consults in the areas of leadership development and business strategy. He previously spent over 20 years at Momentum Group Limited, managing Advice and Distribution, including Momentum Financial Planning and Momentum Distribution Services. He played a key role in business strategy, sales, distribution and marketing. After leaving Momentum Group Limited in 2008, he continued to support executives within the Group in leadership and business development for eight years. Dr Sieberhagen holds a BA Hons in Psychology, Masters and PhD in Clinical Psychology, as well as an Advanced Management Program from Oxford. He is an existing member of the Group's Fair Practices Committee and his appointment, which was made in accordance with the Group's Nomination and Evaluation of Directors Policy, will enhance the skill set of the Group boards. Announcement • Nov 22
Momentum Group Limited Announces Board Committee Changes Momentum Group Limited announced changes to board committees: Mr. Dumo Mbethe has been appointed as a member of the Group's Risk, Capital and Compliance Committee effective 1 December 2024. Mr. Mbethe is an existing executive director of Momentum Group and MML, and a member of the Group's Fair Practices Committees. Ms. Jeanette Marais has been appointed as a member of the Group's Investments Committee, effective 1 December 2024 and will resign as a member of the Group's Risk, Capital and Compliance Committee, with effect from 30 November 2024. Ms. Marais is an existing executive director of Momentum Group and MML, and a member of the Group's Social, Ethics and Transformation Committee. Recent Insider Transactions • Nov 03
Key Executive recently bought R285k worth of stock On the 29th of October, Risto Ketola bought around 10k shares on-market at roughly R28.45 per share. This transaction amounted to 15% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Risto's only on-market trade for the last 12 months. New Risk • Nov 01
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 4.3% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Declared Dividend • Sep 30
Final dividend reduced to R0.65 Dividend of R0.65 is 7.1% lower than last year. Ex-date: 16th October 2024 Payment date: 21st October 2024 Dividend yield will be 4.3%, which is lower than the industry average of 10%. Sustainability & Growth Dividend is covered by earnings (4% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 51% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Sep 29
Full year 2024 earnings released: EPS: R2.83 (vs R3.13 in FY 2023) Full year 2024 results: EPS: R2.83 (down from R3.13 in FY 2023). Revenue: R56.0b (down 56% from FY 2023). Net income: R3.85b (down 11% from FY 2023). Profit margin: 6.9% (up from 3.4% in FY 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 36% decline forecast for the Insurance industry in Africa. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Announcement • Sep 27
Momentum Metropolitan Holdings Limited Declares Final Dividend for the Year Ended June 30, 2024, Payable on 21 October 2024 The Momentum Group has declared a final dividend of 65 cents per ordinary share for the year ended June 30, 2024, resulting in a total dividend of 125 cents per ordinary share for the full year. The total dividend represents a payout ratio of 40% of NHE, close to the mid-point of the Group's dividend payout range. The Group's policy of declaring dividends within a range of 33% to 50% of NHE remains unchanged. Record date is 18 October 2024 and Payment date is 21 October 2024. Trading ex-dividend is 16 October 2024. Upcoming Dividend • Apr 10
Upcoming dividend of R0.60 per share Eligible shareholders must have bought the stock before 17 April 2024. Payment date: 22 April 2024. Payout ratio is a comfortable 39% and the cash payout ratio is 83%. Trailing yield: 6.3%. Lower than top quartile of Namibian dividend payers (11%). Higher than average of industry peers (4.7%). Reported Earnings • Mar 30
First half 2024 earnings released: EPS: R1.60 (vs R1.45 in 1H 2023) First half 2024 results: EPS: R1.60 (up from R1.45 in 1H 2023). Revenue: R25.8b (up 16% from 1H 2023). Net income: R2.19b (up 6.4% from 1H 2023). Profit margin: 8.5% (down from 9.3% in 1H 2023). The decrease in margin was driven by higher expenses. Revenue is expected to fall by 6.4% p.a. on average during the next 3 years compared to a 27% decline forecast for the Insurance industry in Africa. Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Announcement • Mar 08
Momentum Metropolitan Holdings Limited Announces Appointment of Hilgard Pieter (Hillie) Meyer as A Non-Executive Director, Effective from 1 April 2024 Momentum Metropolitan Holdings Limited announce the appointment of Mr. Hilgard Pieter (Hillie) Meyer as a non-executive director of both MMH and MML, with effect from 1 April 2024. Hillie, an actuary with more than 36 years' experience in the financial services industry, is no stranger to the Group. He has held leadership positions in insurance, pensions, investments and banking. Hillie joined the Momentum Group in 1988 and served in various roles, before becoming its Chief Executive Officer ("CEO") from 1996 to 2005. He left the Momentum Group to become an active investor in private companies and became the founding shareholder and managing partner of a private equity manager in 2009. In early 2018, Hillie returned to Momentum Metropolitan as Group CEO, a position he held until his retirement in late 2023. Hillie's appointment will enhance the skills set of the boards and was made in accordance with the Group Nomination and Evaluation of Directors Policy. Announcement • Dec 15
Momentum Metropolitan Promotes Ravikumaran Govender as Group Chief Digital and Technology Officer, Effective 1 January 2024 Momentum Metropolitan promoted its group digital transformation executive, Ravikumaran Govender, to serve as group chief digital and technology officer (CDTO), effective 1 January 2024. In a statement, the company says Govender has over 15 years of experience in the financial services andconsulting industries. He is responsible for making sure that the group's digital activities and innovations are aligned with the market needs, and synchronized across all businesses in the group. Marais adds that Momentum continues to invest in and partner with international fintech startups to offer innovative technology solutions to clients. Govender holds a Bachelor of Medicine and Surgery (MBChB) degree from the University of Cape Town and an MSc degree in Management from the University of Edinburgh. He is also a Certified Retail Banker. Announcement • Nov 24
Momentum Metropolitan Holdings Limited and Momentum Metropolitan Life Limited Announce Appointment of Dumo Mhlotyana Mbethe as Executive Director Momentum Metropolitan Holdings Limited and Momentum Metropolitan Life Limited announced appointment of Mr. Dumo Mhlotyana Mbethe as an executive director of both MMH and MML, with effect from 22 November 2023. An experienced executive and business leader with more than 20 years spent in the financial services industry, Dumo joined the Group in January 2017 as Chief Operating Officer of the Africa and Asia business and became Chief Executive of the Africa business in October 2017. In September 2019, he was appointed as the Chief Executive responsible for the Momentum Corporate business, a position he continues to hold. Dumo is an existing member of the Group's Fair Practices Committee. He has previously served on various country level boards within Momentum Metropolitan Africa and is currently a non-executive director on the Metropolitan International Holdings and Metropolitan International Support boards. He is also a member of the Actuarial Governance Board, which oversees the professional conduct of actuaries in South Africa. Dumo is a qualified Chartered Accountant who has completed the Advanced Management Programme from the Harvard Business School. He holds a BCom (Accounting and Information Systems) from WITS, B Com Hons from UKZN and is a member of the Information Systems Audit and Control Association. New Risk • Nov 21
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Namibian stocks, typically moving 3.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.7% per year for the foreseeable future. Minor Risks Share price has been volatile over the past 3 months (3.5% average weekly change). Profit margins are more than 30% lower than last year (3.4% net profit margin). Upcoming Dividend • Sep 27
Upcoming dividend of R0.70 per share at 6.0% yield Eligible shareholders must have bought the stock before 04 October 2023. Payment date: 09 October 2023. Payout ratio is a comfortable 38% and this is well supported by cash flows. Trailing yield: 6.0%. Lower than top quartile of Namibian dividend payers (12%). Higher than average of industry peers (4.3%). Announcement • Sep 18
Momentum Metropolitan Holdings Limited(JSE:MTM) dropped from FTSE All-World Index (USD) Momentum Metropolitan Holdings Limited(JSE:MTM) dropped from FTSE All-World Index (USD) Announcement • Sep 14
Momentum Metropolitan Holdings Limited Declares Final Dividend, Payable on 9 October 2023 Momentum Metropolitan Holdings Limited declares final dividend of 70 cents per ordinary share. Together with the interim dividend of 50 cents per ordinary share, the total dividend for the 12 months ended 30 June 2023 is 120 cents per ordinary share, an increase of 20% from the 100 cents per ordinary share declared in the prior year. The F2023 total dividend represents a payout ratio of 35% of normalised headline earnings. Trading ex-dividend, 4 October 2023. Record date, 6 October 2023. Payment date, 9 October 2023. Announcement • Sep 13
Momentum Metropolitan Holdings Limited (JSE:MTM) entered into agreement to acquire unknown stake in RMI Investment Managers Group Proprietary Ltd. from OUTsurance Group Limited (JSE:OUT). Momentum Metropolitan Holdings Limited (JSE:MTM) entered into agreement to acquire unknown stake in RMI Investment Managers Group Proprietary Ltd. from OUTsurance Group Limited (JSE:OUT) on September 12, 2023. The transaction is subject to customary terms and conditions, including approval by the competition authorities. Announcement • Aug 25
Momentum Metropolitan Holdings Limited Provides Earnings Guidance for the Twelve Months Ended 30 June 2023 Momentum Metropolitan Holdings Limited provided earnings guidance for the twelve Months Ended 30 June 2023. For the year, the company expects Earnings per share of 300 cents to 325 cents. Headline earnings per share of 303 cents to 318 cents. Normalised headline earnings per share of 330 cents to 350 cents. Announcement • Jun 02
Momentum Metropolitan Holdings Limited and Momentum Metropolitan Life Limited Announce Board Changes Momentum Metropolitan announce the appointment of Dr Frannie Leautier as an independent non-executive director of both Momentum Metropolitan Holdings Limited (MMH) and Momentum Metropolitan Life Limited (MML), with effect from 1 June 2023. Dr Leautier is also appointed as a member of the Group's Investments as well as Risk, Capital and Compliance committees, with effect from 1 June 2023. Dr Leautier is a Tanzanian national, residing in the USA. She is a seasoned finance and development expert with long-standing global experience leading and transforming organizations in the private, public and not-for-profit spheres. She is currently Senior Partner at SouthBridge Group and chief executive officer (CEO) of SouthBridge Investments. In addition to her global experience in finance, she brings deep knowledge and experience working in Africa and in board governance matters. Dr Leautier holds a BSc in Civil Engineering from the University of Dar es Salaam, an MSc in Transportation and a PhD in Engineering from the Massachusetts Institute of Technology, as well as a doctorate in Law from Lancaster University. She received an honorary doctorate in Humane Letters from North Central College, in recognition The Group announced the appointment of Mr. Phillip Matlakala as an independent non-executive director of both MMH and MML, with effect from 1 June 2023. Mr. Matlakala is also appointed as a member of the Group's Fair Practices as well as Social, Ethics and Transformation committees, with effect from 1 June 2023. Mr. Matlakala is a highly experienced businessman and independent non-executive director, having spent over 30 years in the insurance industry, both in South Africa and in the rest of Africa regions. He spent many years in Momentum Metropolitan, serving in various roles, including as CEO of Metropolitan Retail prior to his retirement in 2014. Mr. Matlakala has a B Juris and B Proc, and also completed a Programme in Taxation and Financial Planning from UNISA. The Group announced the appointment of Mr. Tyrone Soondarjee as an independent non-executive director of both MMH and MML, with effect from 1 June 2023. Mr. Soondarjee is also appointed as a member of the Group' Audit as well as Social, Ethics and Transformation committees, with effect from 1 June 2023. Mr. Soondarjee is a seasoned and commercially orientated Chartered Accountant with over 35 years' experience in the Corporate Sector. He has held a wide range of senior executive roles in the Financial Services, Telecoms and Professional Services industries. His previous roles include Chairman of Grindrod Bank Limited and CFO of Cell C Limited. He was also Group Financial Director of the Sasfin Banking Group for a period of 10 years and Director of Finance at Deloitte, for a period of 10 years as well. Mr. Soondarjee has a Bachelor of Accounting Science, Honours in Bachelor of Accounting Science and Postgraduate diploma in Auditing from UNISA. Upcoming Dividend • Mar 22
Upcoming dividend of R0.50 per share at 6.5% yield Eligible shareholders must have bought the stock before 29 March 2023. Payment date: 03 April 2023. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 6.5%. Lower than top quartile of Namibian dividend payers (14%). Higher than average of industry peers (5.5%). Announcement • Feb 03
Momentum Metropolitan Holdings Limited, Annual General Meeting, Nov 23, 2023 Momentum Metropolitan Holdings Limited, Annual General Meeting, Nov 23, 2023. Announcement • Dec 16
Momentum Metropolitan Holdings Limited Announces Changes to Boards and Committees Momentum Metropolitan Holdings Limited announced that Dr Sharron Laverne McPherson has resigned as an independent non-executive director on the boards of MMH and MML, effective 31 December 2022, in order to pursue other interests. Dr McPherson has also resigned as the chair of the Group's Social, Ethics and Transformation Committee and member of the Risk, Capital and Compliance Committee, effective 31 December 2022. Recent Insider Transactions • Dec 08
Key Executive recently bought R179k worth of stock On the 5th of December, Risto Ketola bought around 10k shares on-market at roughly R17.90 per share. This transaction amounted to 18% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth R928k. Risto has been a buyer over the last 12 months, purchasing a net total of R683k worth in shares. Recent Insider Transactions • Oct 22
Group CEO & Executive Director recently bought R796k worth of stock On the 18th of October, Hillie Meyer bought around 50k shares on-market at roughly R15.98 per share. This transaction amounted to 7.7% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Hillie's only on-market trade for the last 12 months. Announcement • Oct 05
Momentum Metropolitan Holdings Limited, Annual General Meeting, Nov 24, 2022 Momentum Metropolitan Holdings Limited, Annual General Meeting, Nov 24, 2022, at 06:30 Coordinated Universal Time. Location: Momentum Metropolitan offices 268 West Avenue Centurion South Africa Upcoming Dividend • Sep 28
Upcoming dividend of R0.65 per share Eligible shareholders must have bought the stock before 05 October 2022. Payment date: 10 October 2022. Payout ratio is a comfortable 38% but the company is not cash flow positive. Trailing yield: 5.9%. Lower than top quartile of Namibian dividend payers (10%). In line with average of industry peers (5.4%). Reported Earnings • Sep 15
Full year 2022 earnings released: EPS: R2.61 (vs R0.31 in FY 2021) Full year 2022 results: EPS: R2.61 (up from R0.31 in FY 2021). Revenue: R70.2b (down 35% from FY 2021). Net income: R3.71b (up R3.26b from FY 2021). Profit margin: 5.3% (up from 0.4% in FY 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 7% per year whereas the company’s share price has fallen by 3% per year. Announcement • Jun 24
Momentum Metropolitan Life Limited and Momentum Metropolitan Holdings Limited Announce Board Changes In compliance with paragraph 3.59 of the JSE Limited ("JSE") Listings Requirements and paragraph 6.39 of the JSE Debt Listings Requirements, shareholders and noteholders are advised that Ms. Lisa Masozi Chiume will be classified as an independent non-executive director of MMH and MML respectively, with immediate effect. Ms. Chiume was appointed as a non-executive director of Momentum Metropolitan Holdings Limited and Momentum Metropolitan Life Limited in March 2019, during the time when her employer, Rand Merchant Investment Holdings Limited ("RMI") was a significant shareholder in MMH, holding 26% of the outstanding shares. RMI unbundled its entire shareholding in MMH ("RMI unbundling"), effective 25 April 2022. The MMH and MML boards (collectively, the "Group Boards"), under the guidance of the Group's Nominations committee, considered and having assessed that, following the RMI unbundling, there are no factors that may, or may reasonably be perceived to, impair Ms. Chiume's independence as a director of MMH and MML. The Group Boards are therefore comfortable that she meets the requirements of independence as stipulated in the Companies Act, No 71 of 2008 and in the King Code on Corporate Governance for South Africa 2016. Furthermore, the Group Boards announced the following committee appointments to expand the skills set of the respective board committees: The Group announced the appointment of Ms. Lisa Masozi Chiume as a member of the Group's Audit Committee, with effect from 1 July 2022. Ms. Chiume has been classified as an independent non-executive director of MMH and MML and is an existing member of the Group's Fair Practices, Investments and Remuneration committees. Before her appointment as a member of the Group's Audit Committee, Ms. Chiume was a standing invitee to this committee's meetings. The Group announced the appointment of Mr. David James Park as a member of the Group's Audit Committee, with effect from 1 July 2022. Mr. Park is an existing independent non-executive director of MMH and MML, and the Chair of the Group's Risk, Capital and Compliance committee. He is also a member of the Group's Actuarial and Social, Ethics and Transformation committees. Before his appointment as member of the Group's Audit Committee, Mr. Park was a standing invitee to this committee's meetings. The Group announced the appointment of Mr. Thanaseelan Gobalsamy as a member of the Group's Investments Committee, with effect from 1 July 2022. Mr. Gobalsamy is an existing independent non-executive director of MMH and MML, and a member of the Group's Audit and Nominations committees. As previously announced on the Stock Exchange News Service on 11 April 2022, Mr. Paul Cambo Baloyi will take over as Chairman of the Group Boards as well as Chairman of the Group's Nominations Committee, with effect from 1 July 2022. Announcement • May 05
Public Investment Corporation Limited acquired an unknown minority stake in Momentum Metropolitan Holdings Limited (JSE:MTM). Public Investment Corporation Limited acquired an unknown minority stake in Momentum Metropolitan Holdings Limited (JSE:MTM) on May 4, 2022. Post- acquisition PIC holds 15.262% of Momentum Metropolitan Holdings’s issued shares.
Public Investment Corporation Limited completed the acquisition of an unknown minority stake in Momentum Metropolitan Holdings Limited (JSE:MTM) on May 4, 2022. Announcement • Apr 27
An unknown buyer acquired unknown minority stake in Momentum Metropolitan Holdings Limited (JSE:MTM) from Rand Merchant Investment Holdings Limited (JSE:RMI). An unknown buyer acquired unknown minority stake in Momentum Metropolitan Holdings Limited (JSE:MTM) from Rand Merchant Investment Holdings Limited (JSE:RMI) on April 26, 2022. Post completion, Rand Merchant Investment Holdings Limited will hold no stake in Momentum Metropolitan Holdings Limited.
An unknown buyer completed the acquisition of unknown minority stake in Momentum Metropolitan Holdings Limited (JSE:MTM) from Rand Merchant Investment Holdings Limited (JSE:RMI) on April 26, 2022. Announcement • Apr 13
Momentum Metropolitan Group Announces Board Changes, Effective July 1, 2022 Momentum Metropolitan Group has announced the hiring of Paul Baloyi as Chairman of the Group's Boards. Baloyi becomes a Board member immediately, assuming the role as Chairman from 1 July 2022. Peter Cooper remainsInterim Chairman until then. Baloyi has an enviable depth of financial services expertise and excellent Board level experience along with valuable stakeholder management abilities. Upcoming Dividend • Mar 23
Upcoming dividend of R0.35 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 04 April 2022. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 1.7%. Lower than top quartile of Namibian dividend payers (10%). Lower than average of industry peers (4.2%). Reported Earnings • Mar 11
First half 2022 earnings: Revenues and EPS in line with analyst expectations First half 2022 results: EPS: R0.48 (down from R0.63 in 1H 2021). Revenue: R66.5b (up 70% from 1H 2021). Net income: R697.0m (down 23% from 1H 2021). Profit margin: 1.0% (down from 2.3% in 1H 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 75 percentage points per year, which is a significant difference in performance. Announcement • Feb 22
Momentum Metropolitan Holdings Limited to Report First Half, 2022 Results on Mar 09, 2022 Momentum Metropolitan Holdings Limited announced that they will report first half, 2022 results on Mar 09, 2022 Executive Departure • Dec 01
Independent Chairman Non-Executive Director Matthews Moloko has left the company On the 25th of November, Matthews Moloko's tenure as Independent Chairman Non-Executive Director ended after less than a year in the role. We don't have any record of a personal shareholding under Matthews' name. A total of 3 executives have left over the last 12 months. The current median tenure of the management team is 4.67 years. Executive Departure • Dec 01
Non-Executive Independent Director Frans Johannes Truter has left the company On the 25th of November, Frans Johannes Truter's tenure as Non-Executive Independent Director ended after 11.0 years in the role. As of September 2021, Frans Johannes still personally held 477.00k shares (R10.0m worth at the time). A total of 3 executives have left over the last 12 months. The current median tenure of the management team is 4.67 years. Executive Departure • Nov 30
Non-Executive Independent Director Fatima Daniels has left the company On the 25th of November, Fatima Daniels' tenure as Non-Executive Independent Director ended after 11.0 years in the role. We don't have any record of a personal shareholding under Fatima's name. A total of 3 executives have left over the last 12 months. The current median tenure of the management team is 4.67 years. Upcoming Dividend • Sep 22
Upcoming dividend of R0.15 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 04 October 2021. Trailing yield: 1.5%. Lower than top quartile of Namibian dividend payers (9.9%). Lower than average of industry peers (3.9%). Reported Earnings • Sep 09
Full year 2021 earnings released: EPS R0.31 (vs R0.12 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: R107.1b (up 108% from FY 2020). Net income: R451.0m (up 153% from FY 2020). Profit margin: 0.4% (up from 0.3% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Upcoming Dividend • Mar 17
Upcoming Dividend of R0.25 Per Share Will be paid on the 29th of March to those who are registered shareholders by the 24th of March. The trailing yield of 2.7% is below the top quartile of Namibian dividend payers (7.6%), and is lower than industry peers (4.3%). Is New 90 Day High Low • Mar 10
New 90-day high: R17.85 The company is up 15% from its price of R15.55 on 10 December 2020. The Namibian market is down 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Insurance industry, which is up 6.0% over the same period. Reported Earnings • Mar 07
First half 2021 earnings released: EPS R0.63 (vs R1.05 in 1H 2020) The company reported a soft first half result with weaker earnings and profit margins, although revenues improved. First half 2021 results: Revenue: R39.8b (up 13% from 1H 2020). Net income: R909.0m (down 40% from 1H 2020). Profit margin: 2.3% (down from 4.3% in 1H 2020). Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Announcement • Mar 03
Momentum Metropolitan Holdings Limited to Report First Half, 2021 Results on Mar 04, 2021 Momentum Metropolitan Holdings Limited announced that they will report first half, 2021 results on Mar 04, 2021 Is New 90 Day High Low • Nov 19
New 90-day high: R16.50 The company is up 4.0% from its price of R15.80 on 21 August 2020. The Namibian market is down 6.0% over the last 90 days, indicating the company outperformed over that time. However, its price trend is similar to the Insurance industry, which is also up 4.0% over the same period. Is New 90 Day High Low • Oct 29
New 90-day low: R13.70 The company is down 17% from its price of R16.54 on 31 July 2020. The Namibian market is down 14% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Insurance industry, which is down 4.0% over the same period. Announcement • Oct 29
An unknown buyer acquired an unknown minority stake in Momentum Metropolitan Holdings Limited (JSE:MTM). An unknown buyer acquired an unknown minority stake in Momentum Metropolitan Holdings Limited (JSE:MTM) on October 27, 2020. Coronation Asset Managers (Pty) Limited acquired stake in Momentum Metropolitan Holdings Limited on behalf of the clients. After the acquisition of Coronation Asset Managers (Pty) Limited holds 15.13% stake in Momentum Metropolitan Holdings Limited.
An unknown buyer completed the acquisition of an unknown minority stake in Momentum Metropolitan Holdings Limited (JSE:MTM) on October 27, 2020. Is New 90 Day High Low • Oct 13
New 90-day low: R14.52 The company is down 20% from its price of R18.10 on 15 July 2020. The Namibian market is down 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Insurance industry, which is down 8.0% over the same period. Is New 90 Day High Low • Sep 22
New 90-day low: R14.76 The company is down 18% from its price of R18.00 on 24 June 2020. The Namibian market is down 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Insurance industry, which is down 5.0% over the same period. Announcement • Sep 12
An unknown buyer acquired an unknown minority stake in Momentum Metropolitan Holdings Limited (JSE:MTM). An unknown buyer acquired an unknown minority stake in Momentum Metropolitan Holdings Limited (JSE:MTM) on September 11, 2020. Coronation Asset Managers (Pty) Limited acquired stake in Momentum Metropolitan Holdings Limited (JSE:MTM) on behalf of the clients. After the acquisition of Coronation Asset Managers (Pty) Limited holds 10.05% stake in Momentum Metropolitan Holdings Limited
An unknown buyer completed the acquisition of an unknown minority stake in Momentum Metropolitan Holdings Limited (JSE:MTM) on September 11, 2020. Announcement • Sep 09
Momentum Metropolitan Holdings Limited Declares No Final Ordinary Dividend for the Year Ended 30 June 2020 Momentum Metropolitan Holdings Limited announced that its dividend policy is to declare ordinary dividends within a dividend cover range of 2.0 to 3.0 times normalised headline earnings. As a result of the negative normalised headline earnings during the second half of the year, a final ordinary dividend has not been declared in respect of the 12 months ended 30 June 2020. The Group remains comfortable with its dividend policy and expect that ordinary dividends will be resumed in line with the dividend policy as the normalised headline earnings recover. 
