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  #81 (permalink)  
Old 7th November 2010, 03:15 PM
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Default Re: STACO Insurance Plc

Quote:
Originally Posted by Oracle View Post
I think u should check their 2009 annual report to know why they need dat N1.6b raised. Imagine a stock that had Q2 EPS of 13k but still being neglected.

So use ur tongue to count ur teeth!
I think this is quite possibly the most unhelpful answer you could have given.
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  #82 (permalink)  
Old 8th December 2010, 03:46 PM
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Default Re: STACO Insurance Plc

got a text to pick staco right offer @ 50k. is there any advantage of picking the right over wen i buy it at the floor at dat same 50k?
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  #83 (permalink)  
Old 8th December 2010, 04:16 PM
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Default Re: STACO Insurance Plc

Quote:
Originally Posted by pegheneji View Post
got a text to pick staco right offer @ 50k. is there any advantage of picking the right over wen i buy it at the floor at dat same 50k?
Well...yes maybe entry charges by your stockbroker....given that the stock is well positioned @50kobo, there is no opportunity cost in waiting will ur CSCS account gets credited with the rights issue...but then why do you want to buy STACO...
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  #84 (permalink)  
Old 8th December 2010, 04:20 PM
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Default Re: STACO Insurance Plc

Quote:
Originally Posted by pegheneji View Post
got a text to pick staco right offer @ 50k. is there any advantage of picking the right over wen i buy it at the floor at dat same 50k?
as one of there major shareholder that you are, you maintain your 50+& holding structure that you have and in addition,you have benefit of not paying commission on purchase to any broker but still you've got to factor in waiting time before your account is credited
t
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  #85 (permalink)  
Old 8th December 2010, 05:12 PM
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Default Re: STACO Insurance Plc

Quote:
Originally Posted by horlads View Post
Well...yes maybe entry charges by your stockbroker....given that the stock is well positioned @50kobo, there is no opportunity cost in waiting will ur CSCS account gets credited with the rights issue...but then why do you want to buy STACO...
though i see it as one stock dat will yield good returns in 1q of 2011, i have no much affinity of buying more bc i have a good quantity in my portfolio. anyway just wanted to know if there is any hiddin adv. dat i dont know.
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  #86 (permalink)  
Old 9th December 2010, 10:11 AM
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Default Re: STACO Insurance Plc

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Originally Posted by pegheneji View Post
though i see it as one stock dat will yield good returns in 1q of 2011, i have no much affinity of buying more bc i have a good quantity in my portfolio. anyway just wanted to know if there is any hiddin adv. dat i dont know.
Why do you think it will yield good returns by Q1 2011?
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  #87 (permalink)  
Old 9th December 2010, 12:28 PM
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Default Re: STACO Insurance Plc

Quote:
Originally Posted by knightofdelta View Post
Why do you think it will yield good returns by Q1 2011?
i consider 2009 a very tough year for for the insurance industry due to the meltdown and believe that the financial sectors will perform better in 2010. stock price will be better in 2010 than in 2009 since most insurance put their money in stock,, returns will be better. Generally i tink d insurance coys will perform well in 2010.

Stoco is one of my frefared bc having being able to end a tough 2009 with an audited profit of over N400M and with a 2nd q of 700m and outstanding share of 5.3b i expect a full yr PAT not worse dan N1b give an approximate eps of 20k which with PE of 5 be N1.

Anyway, i av prefrence for stocks dat have the probability of retuning 100%+

in q1 2011 we will be expecting the 2010 result even though it may not be release till June/July, investors will start taking positions awaiting full yr result.
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Last edited by pegheneji; 9th December 2010 at 12:35 PM.
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  #88 (permalink)  
Old 9th December 2010, 12:55 PM
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Default Re: STACO Insurance Plc

Quote:
Originally Posted by pegheneji View Post
i consider 2009 a very tough year for for the insurance industry due to the meltdown and believe that the financial sectors will perform better in 2010. stock price will be better in 2010 than in 2009 since most insurance put their money in stock,, returns will be better. Generally i tink d insurance coys will perform well in 2010.

Stoco is one of my frefared bc having being able to end a tough 2009 with an audited profit of over N400M and with a 2nd q of 700m and outstanding share of 5.3b i expect a full yr PAT not worse dan N1b give an approximate eps of 20k which with PE of 5 be N1.

Anyway, i av prefrence for stocks dat have the probability of retuning 100%+

in q1 2011 we will be expecting the 2010 result even though it may not be release till June/July, investors will start taking positions awaiting full yr result.
Good luck. The apparent lack of liquidity frightens the nonsense out of me...
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  #89 (permalink)  
Old 18th May 2011, 06:02 AM
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Default Re: STACO Insurance Plc

Staco provides worldwide cover to customers
Daily Independent
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  #90 (permalink)  
Old 26th July 2011, 06:53 AM
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Default Re: STACO Insurance Plc

STACO INSURANCE PLC 25 July 2011
Audited Year Ended December 2010
2010 2009
Gross Premium N5.248b N5.058b
Profit Before Tax N70.322m N538.406m
Taxation (N27.268m) (N105.242m)
Profit After Taxation N43.054m N433.164m
Balance Sheet Information
Fixed Assets N1.698b N1.173b
Investment N225.747m N233.687m
Stocks N2.515b N2.285b
Trade Debtors N2.119b N1.977b
Cash And Bank Balances N430.524m N201.682m
Other Debit Balances N1.643b N1.952b
Insurance Funds N1.594b N1.445b
Short Term Borrowings N773.813m N287.178m
Other Credit Balances N1.548b N1.417b
Net Assets N4.716b N4.673b
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  #91 (permalink)  
Old 26th July 2011, 04:43 PM
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Default Re: STACO Insurance Plc

Quote:
Originally Posted by Oracle View Post
STACO INSURANCE PLC 25 July 2011
Audited Year Ended December 2010
2010 2009
Gross Premium N5.248b N5.058b
Profit Before Tax N70.322m N538.406m
Taxation (N27.268m) (N105.242m)
Profit After Taxation N43.054m N433.164m
Balance Sheet Information
Fixed Assets N1.698b N1.173b
Investment N225.747m N233.687m
Stocks N2.515b N2.285b
Trade Debtors N2.119b N1.977b
Cash And Bank Balances N430.524m N201.682m
Other Debit Balances N1.643b N1.952b
Insurance Funds N1.594b N1.445b
Short Term Borrowings N773.813m N287.178m
Other Credit Balances N1.548b N1.417b
Net Assets N4.716b N4.673b
What happened?
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  #92 (permalink)  
Old 16th August 2011, 03:30 PM
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Default Re: STACO Insurance Plc

STACO INSURANCE PLC 16 August 2011
Unaudited Q1 March 2011
Profit and Loss Information
2011 2010
Gross Premium Written N2.469b N1.568b
Profit Before Tax N770.375m N542.398m
Taxation (N154.075m) (N54.239m)
Profit After Tax N616.300m N488.158m
Balance Sheet Information
Fixed Assets N1.710b N1.698b
Investment N928.879m N928.979m
Short Term Investments N2.510b N2.515b
Trade Debtors N2.966b N2.119b
Cash and Bank Balances N551.704m N430.524m
Other Debit Balances N1.063b N940.130m
Insurance Fund N1.940b N1.594b
Convertible Bond (Borrowings) N994.061m N994.061m
Other Credit Balances N1.463b N1.328b
Net Assets N5.332b N4.716b
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  #93 (permalink)  
Old 8th September 2011, 03:28 PM
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Default Re: STACO Insurance Plc

STACO INSURANCE PLC September 8, 2011
Unaudited Q2 (June 2011)
Profit and Loss Information
2011 2010
Gross Premium N3.770b N3.010b
Reinsurance Cost (133.921m) (213.702m)
Profit Before Tax N450.086m N782.521m
Taxation (N90.017m) (N78.252m)
Profit After Tax N360.069m N704.258m
Balance Sheet Information 30-06-11 31-12-10
Fixed Assets N1.792b N1.698b
Investments N919.343m N928.979m
Stock N2.598b N2.515b
Trade Debtors N2.973b N2.119b
Cash and Bank Balances N571.648m N430.524m
Other Debit Balances N861.323m N940.130m
Insurance Funds N2.066b N1.594b
Short Term Borrowings N568.556m N773.813m
Other Credit Balances N1.608b N1.548b
Net Assets N5.473b N4.716b
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  #94 (permalink)  
Old 21st December 2012, 06:32 PM
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Default Re: STACO Insurance Plc

STACO declares N1.1b loss in '11 Audited result,(SP:N0.50k) - Proshare
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  #95 (permalink)  
Old 21st December 2012, 06:44 PM
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Default Re: STACO Insurance Plc

Still churning out losses after fund raising of last year. They need to sit up.
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  #96 (permalink)  
Old 6th February 2013, 06:08 AM
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Default Re: STACO Insurance Plc

Staco Insurance Settled N1.21bn Claims in 2011, Articles | THISDAY LIVE
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  #97 (permalink)  
Old 6th February 2013, 06:38 AM
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Default Re: STACO Insurance Plc

STACO Insurance to raise additional N1.42 billion from capital market

Quote:
“The fund no doubt will enable the company explore and take bigger ticket risks in oil and gas sector, aviation and energy particularly now that a lot of investment is going into the country’s power sector,” Otubu said.
Quote:
However, as a result of potential investment losses in respect of short term placements, the company made a provision for doubtful investments totaling N1, 379,288,000, pushing the bottom line to negative.
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Last edited by hispy99; 6th February 2013 at 06:43 AM.
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  #98 (permalink)  
Old 6th February 2013, 11:06 AM
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Default Re: STACO Insurance Plc

if i am correct, this people did a right issue early last year what are they doing with these money that they keep having holes in their capital base even when they do not pay any dividend.
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  #99 (permalink)  
Old 6th February 2013, 11:11 AM
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Default Re: STACO Insurance Plc

Quote:
Originally Posted by pegheneji View Post
if i am correct, this people did a right issue early last year what are they doing with these money that they keep having holes in their capital base even when they do not pay any dividend.
abeg this is bull period, everyone want to raise money
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  #100 (permalink)  
Old 6th February 2013, 11:12 AM
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Default Re: STACO Insurance Plc

Quote:
Originally Posted by pegheneji View Post
if i am correct, this people did a right issue early last year what are they doing with these money that they keep having holes in their capital base even when they do not pay any dividend.
Guys running insurance business in Nigeria are not different from wale and his cohorts.
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