How Assupol Shares Have Performed

Sellers and buyers once traded Assupol shares in Assupol Holdings Limited and could register with the over-the-counter facility (OTC).  Assupol at www.assupolshares.co.za provided the facility.

The OTC was an explicit requirement in the demutualisation scheme of Assupol Life and protected the buyers and sellers of shares.

Once you have submitted the required documents to the OTC facility and the documents have been verified, the account becomes enabled for trading. Subsequently, and you can deposit money so as to buy Assupol shares.

Assupol started in 1913 and traded on the Equity Express OTC Market. Equity Express is a shareholder administration platform. Where companies are looking for liquidity in their shares by using the over the counter trading environment, Equity Express provides the web-based software solution.

Where companies are looking for liquidity in their shares by using the over the counter trading environment, Equity Express provides the web-based software solution.

Sluggish Economic Growth Doesn’t Deter Assupol Shares

In 2014, apart from sluggish economic growth, Assupol Holdings’ net profit after tax grew by 113%. The performance was due increased sales, strong investment markets as well as strong expense management. Assupol Life is a leading provider of funeral, life, savings and retirement products and their products and services have always been geared towards the lower-to-middle income market segment. Today, according to the CEO of the Assupol Group, the aspects that make for Assupol’s

Assupol Life is a leading provider of funeral, life, savings and retirement products. Their products and services have always been geared towards the lower-to-middle income market segment.

Today, according to the CEO of the Assupol Group, the aspects that make for Assupol’s Assupol Sharesstrong performance are consistency and affordability. The result is customer satisfaction. Assupol shares have performed accordingly.

Best Customer Experience Possible

The CEO went on to day that Assupol goes out of their way to ensure they offer the best customer experience there is.  Their On-Call Plus, for instance, is a benefit the user can link to an existing funeral or life policy. Within the first 5 months of its launch, it had already attracted more than 50 000 buyers.

Their On-Call Plus, for instance, is a benefit the user can link to an existing funeral or life policy. Within the first 5 months of its launch, it had already attracted more than 50 000 buyers.

The CEO of Assupol said that for anyone who fancies shares, Assupol offers value. She encouraged to buy Assupol shares through the OTC share platform. Assupol Life used to be a mutual society up to 2010, when it demutualised and became a public company. Qualifying members became shareholders of Assupol Holdings Limited, a company that holds 100% of the shares in Assupol Life.

Changes at Assupol

Assupol Life used to be a mutual society up to 2010, when it demutualised and became a public company. Qualifying members became shareholders of Assupol Holdings Limited. The company holds 100% of the shares in Assupol Life.

In July 2015 a new stock exchange was starting up in South Africa. This came about because in 2014 it was ruled that there would be no more over the counter share trading without a licence.  Assupol’s shares traded over an electronic platform on the web without a stock exchange. After this new ruling, investors couldn’t buy or sell shares, but this new stock exchange will allow companies that the JSE has ignored, to list on its exchange at affordable rates. It will be looking to attract companies with net asset values of R10 million – R300 million. Assupol started at 350c, but now its worth 664c, 89% up. In June 2015 Assupol Holdings Limited announced strong financial results with highlights being –

Assupol’s shares traded over an electronic platform on the web without a stock exchange. After this new ruling, investors couldn’t buy or sell shares.  But this new stock exchange will allow companies that the JSE has ignored, to list on its exchange at affordable rates. It will be looking to attract companies with net asset values of R10 million – R300 million.

Assupol started at 350c, but now it’s worth 664c, 89% up. In June 2015 Assupol Holdings Limited announced strong financial results with highlights being –

  • value of business grew by 70% to R180.9 million
  • ordinary dividend increased by 26% to 38c per share
  • special dividend of 61c per share

 

Assupol’s Shares Performing Well

Assupol reported a significant growth in its profits by 16%in spite of South Africa’s slow economy. CEO Rudi Schmidt said this was because of awesome growth in new policies from individuals. Consequently, Assupol now has more than 640 000 policies, increasing by 11%.

Not only are shares performing well, but one of the top events for Assupol was receiving an award for being the best Life Assurer for Southern Africa in 2015. Schmidt went on to say that 2016 would also be challenging but that Assupol is confident that it will achieve further growth.

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