STACO Insurance Plc

[chidiohaz]

Dear members, please do anyone has the detail information on the fundamentals of Staco Insurance. I have been folowing their Share price appreciation only and it has really given me good returns but I need to get details of their fundamentals. Please assist.

[hispy99]

Originally Posted by chidiohaz

Dear members, please do anyone has the detail information on the fundamentals of Staco Insurance. I have been folowing their Share price appreciation only and it has really given me good returns but I need to get details of their fundamentals. Please assist.

All I have is the PE ratio for STACO and it's around 64 based on FYE 2007 PAT of 491 million and shares outstanding of 4.829B

[Bomsky]

Originally Posted by chidiohaz

Dear members, please do anyone has the detail information on the fundamentals of Staco Insurance. I have been folowing their Share price appreciation only and it has really given me good returns but I need to get details of their fundamentals. Please assist.

Staco has very good fundamentals and I still see it doing N8 within the next 3 months.

In Q3, find some of its earning indices:

EPS= 0.13K.
PE Ratio = 46.15
No of Shares = 4.829Bln (Looking very good, and there is room for Bonus)

Find my Analysis,

Recently, it got equity placement of about $10M, and its earning fundamentals as shown above are very good.

Staco is planning a PO and I see its price getting to like N7 before it is frozen. Staco on lifting of its Tech Suspension after the PO will conveniently do N10 - N12 especially on the heels of a good Result. I expect a FYE Divd of above 10K and they can surprise us by giving a Bonus Issue, even if it is 1 for 20, this will push up its share price.

Views, commenst are welcome so that we can stimulate ourselves and make informed investment decisions.

Happy Investing!!!

[riskreturn]

Today, the share price of STACO Insurance Plc was placed on technical suspension at 6.82 Naira (with equivalent trailing P/E ratio of 51.60 times, while still awaiting the audited end-2007 results) following the receipt of the company's apllication for a Hybrid Issue of Rights and Public Offer for subscription.

Any information or grapevine on the planned offer prices (both offer for subscription and rights issue)?

[anekwlc]

Originally Posted by riskreturn

Today, the share price of STACO Insurance Plc was placed on technical suspension at 6.82 Naira (with equivalent trailing P/E ratio of 51.60 times, while still awaiting the audited end-2007 results) following the receipt of the company's apllication for a Hybrid Issue of Rights and Public Offer for subscription.

Any information or grapevine on the planned offer prices (both offer for subscription and rights issue)?

Right issue at N5 and PO at N5.5 from Proshare and other sources

[riskreturn]

Originally Posted by anekwlc

Right issue at N5 and PO at N5.5 from Proshare and other sources

Any information about the ratio of rights issue - whether 1 for 3 or whatever - as well as the qualification date (e.g., those holding shares as at end-January 2008 or something like that)? Also, any information about volume of both offer for subscription and rights issue?

[zuumcentre]

Hi, this is good news for Staco. Can anyone send us the soft copy of the prospectus. I need to read it soon as most of these insurance stock allot 2 weeks for application.

[austine42007]

staco insurance plc coming in may

[austine42007]

staco insurance plc
ipo coming up in may 2008

[tonidol]

Yes o!!! Coy yet to reveal what the offer price would be. Lets wait and see.

[hispy99]

This piece is on proshare. You may have to log-in to read it, I would have copied it here, but I do not know what copyright issues are involved.

Summary is that they want to raise between N7-9B and this may happen late April/early May.

STACO Insurance set to ride the new retail wave..

Proshare Nigeria - Sign In to Proshare

[AbsoluT]

When will they finish this their PO, i have STACO for sale at a discount. Need to be liquid

[onlyonezee]

STACO Audited Results for Period Ended 12/31/2007
2008 2007 Change
Gross Earnings 2.813 1.63 105.10
PBT 0.868 0.546 58.74%
PAT 0.757 0.481 54.23%

All figures in billions

Dividend----12kobo per share
EPS--------16Kobo per share

[Panadol]

What's happening with the PO?

[hispy99]

STACO: 1ST QTR MAR 2008

STACO INSURANCE PLC, UNAUDITED RESULT FOR THE PERIOD ENDED 31ST MARCH 2008

TURNOVER 08 N1.239b, 07 N569m

PBTAXATION 08 N659.204m, 07 N250.352m

TAXATION 08 (N65.920m) 07 (N25.455m)

PAT 08 N593.283m, 07 N224.897m

[hispy99]

IBTC's take on STACO

[BLUEMONEY]

Originally Posted by hispy99

IBTC's take on STACO

Thank you very much.

[bwalaman]

Originally Posted by hispy99

IBTC's take on STACO

First thanks hispy99...

Folks, what' the house take on this STACO thing? The IBTC assessment puts STACO at almost doubling in essentially less than 4 months max. If they PO in July and we do the customary dance of waiting for certs and returned money, we should be in action (able to trade by Dec-Jan).

The way I see the NSE is to make gains, you have to play big (after homework, of course).

I welcome comments from our Tech and fundamental analysis gurus.

[billions]

http://nationaldailyngr.org/32money4.htm

[billions]

Staco Insurance Plc
Half Year Ended 30-06-2008
2008 2007
Turnover N1.39b 0.656b
Profit Before Taxation N755.57 N334.66m
Taxation (n75.55m) (n33.46m)
Profit After Taxation N680.0m N301.19m