Thread: Oasis Insurance
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Old 27th March 2008, 01:28 PM
El-Kayode El-Kayode is offline
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Quote:
Originally Posted by riskreturn View Post
It looks as if Oasis Insurance stock price at 5.07 Naira has been put on a technical suspension today, suggesting its plan to go for a PO.

It would be interesting to see the offer price, given the fact that the end-2007 P/E ratio at 5.07 Naira is 184 times and the fact that end-September 2007 P/E ratios for each of Crusader Insurance Standard Alliance Insurance (at their respective technical suspension prices) is 38 times.
OASIS INSURANCE Plc was placed on technical suspension by the NSE following the receipt of an application for a rights issue at N4.00k per share and an offer for subscription at N4.20k per share. This looks like a good one.
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