Finance, Madison Financial Services PlcSeptember 19, 2018

Madison at Half Year 2018
In a recently published SENS Announcement on LuSE, Madison Financial Services Plc recorded results that showed a decrease in net performance over the half year period of 2018. With IFRS 9 effects being felt on the financial statements (IFRS 9 is an International Financial Reporting Standard (IFRS) promulgated by the International Accounting Standards Board (IASB). It […]

Finance, Madison Financial Services PlcJuly 17, 2018

Madison Financial Services in 2017: Case of the PHD Syndrome
In a year of mixed fortunes, Madison Financial Services will remember 2017 for the highs and lows that where omnipresent in their financials. According to SENS Announcement published 14th June 2018, after a tremendous recovery was recorded for the total insurance business which had a triple jump in profits at 275%, the company made positive […]

Finance, Madison Financial Services PlcSeptember 26, 2017

Madison Financial Services PLc at half year 2017
MFS are enjoying a good year so far. At half year, they have posted impressive results in a market that was starved of liquidity until this year’s deliberate actions by the central bank. However, for financial services companies, they can often be a barometer of the prevailing economic environment. For example, a closer look at […]

Finance, Insurance, Madison Financial Services PlcMay 28, 2017

Madison 2016 Annual Review
You are not a truly Zambian premier company if you have not listed on LuSE or have ever been first to market. We would like to believe that is how Madison views themselves as indicated in their 2016 annual report. Its arsenal currently comprises of Madison General (Insurance), MLife (Life Insurance), MFinance (Microfinance), MGen Tanzania […]

Finance, Madison Financial Services PlcMay 28, 2017

The Evolution of Madison Financial Services
Before analyzing the performance Madison Financial Services (MFS), their 2016 AR provides an interesting critical time line (CTL) of the evolution of the firm. It highlights how the modern firm answered  or buy dilemma. Furthermore, their history shows that they are a firm interested in growing and understand what business they are in. Their evolution […]

Finance, Insurance, Madison Financial Services PlcMarch 26, 2017

Madison Financial Services – A class act in the art of diversification
The Madison Financial Services Group has come a long way from the glory days of the ambitious Greek supremo Andrew Sardanis (Founder of Madison). They were the first to market with an insurance offering post 1992. With shareholder interests being managed by Lawrence Sikutwa & Associates, the 2004 increase in shareholding to 100% in Madison Insurance set […]

Economy, Finance, Madison Financial Services PlcMarch 6, 2017

Why List on LUSE?
As the founder of TFHZPC sat down to have a pint at one of Lusaka’s finest pubs, the question of why the financial health of Zambian companies was so important was posed to him by a local. “Are not all companies good enough for this trending blog of yours?” To the contrary, small and medium […]

Finance, Insurance, Madison Financial Services PlcMarch 6, 2017

Madison Financial Company Limited – 2016 Half Year Review
The Management team at Madison Financial will be proud of their performance in 2016 thus far. At the halfway mark, they have achieved a 31% improvement in interest income compared to the halfway mark of last year. This inspired an increase in profit before tax of 1263% which was largely attributed to improvements made in […]

Finance, Insurance, Madison Financial Services PlcJuly 7, 2016

Madison Rated King of LUSE – Daily Mail
The Daily Mail in its July 20 Business News reports Madison being the titan of LUSE with over 70% of revenue being generated from share transactions of the company’s stock. This blog covered their 2015 performance in “Madison Financial Services – A Class Act in Diversification” which you can read about here. Headlines like this make […]