Linkage Assurance

[savvy]

Originally Posted by pumping

13-11-2009

NOTES EXCEPTIONAL ITEM REPRESENTS THE DIMINUTION IN VALUE
OF INVESTMENT EMPHASIS OF MATTER THE AUDITOR WITHOUT
QUALIFYING THEIR OPINION DREW ATTENTION TO NOTE 21 IN THE
FINANCIAL STATEMENT WHICH INDICATES THAT AN APPLICATION IS PENDING
BEFORE THE FEDERAL HIGH COURT FOR SANCTION OF THE RESOLUTION PASSED
BY MEMBERS ON 8TH OCTOBER 2008 TO CANCEL N893m OF SHARE CAPITAL THAT
WAS NOT REPRESENTED BY AVAILABLE ASSETS. THE DIRECTORS HAVE
GIVEN ACCOUNTING EFFECT TO THE RESOLUTION IN THESE FINANCIAL
STATEMENTS. HOWEVER, SHOULD THE COURT DECLINE THE APPLICATION
SHARE PREMIUM WOULD BE INCREASED BY N893m AND RETAINED
EARNINGS REDUCED BY SIMILAR AMOUNT TO WRITE OFF THE
UNAVAILABLE ASSETS CORPORATE ACTIONS ANNUAL GENERAL
MEETING DATE 14TH DECEMBER 2009 CLOSURE OF REGISTER
SEPTEMBER 3RD TO 10TH 2009 AGM VENUE PROTEA HOTEL
OAKWOOD PARK LEKKI EKPE EXPRESSWAY LAGOS AT 11.00 A.M


Another on bites the dust.

What is this story about auditor - exceptional item - court case

[pumping]

Originally Posted by savvy

What is this story about auditor - exceptional item - court case

Whatever these are...na bad news.

Juju accounting...imaginary assets...they now want to mark this against share capital instead of retained earnings...na wa jare...

[pumping]

19-11-2009
LINKAGE ASSURANCE PLC (FIRST QUARTER)
INTERIM REPORT FOR THE PERIOD ENDED 31ST MARCH 2009
2009 2008
GROSS PREMIUM INCOME N741.832m N496.529m
PROFIT BEFORE TAXATION N206.568m N197.016m
TAXATION (N30.985m) (N29.552m)
PROFIT AFTER TAX N175.583m N167.465m
31-03-09 31-12-08
FIXED ASSETS N711.749m N729.870m
STOCK N1.132b N1.284b
CASH AND BANK BALANCES N23.253m N410.634m
OTHER DEBIT BALANCES N3.610b N2.840b
OTHER CREDIT BALANCES N1.941b N2.018b
WORKING CAPITAL N2.750b N2.017b
NET ASSETS N3.536b N3.247b

[pumping]

19-11-2009
LINKAGE ASSURANCE PLC (SECOND QUARTER)
INTERIM REPORT FOR THE PERIOD ENDED 30TH JUNE 2009
2009 2008
GROSS PREMIUM INCOME N1.583b N1.312b
EXCEPTIONAL ITEMS (N77.751m) NILL
PROFIT BEFORE TAX AFTER
EXCEPTIONAL ITEMS N268.801m N307.904m
TAXATION (N51.983m) (N46.186m)
PROFIT AFTER TAX N216.818m N261.719m
31-06-09 31-12-08
FIXED ASSETS N696.238m N729.870m
STOCK N1.058b N1.284b
CASH AND BANK BALANCES N3.496m N410.634m
OTHER DEBIT BALANCES N4.049b N2.840b
OTHER CREDIT BALANCES N2.236b N2.018b
WORKING CAPITAL N2.959b N2.017b
NET ASSETS N3.571b N3.247b

[pumping]

19-11-2009
LINKAGE ASSURANCE PLC (THIRD QUARTER)
INTERIM REPORT FOR THE PERIOD ENDED 30TH SEPTEMBER 2009
2009 2008
GROSS PREMIUM N1.973b N1.893b
EXCEPTIONAL ITEMS (N72.238m) NILL
PROFIT BEFORE TAX AND
AFTER EXCEPTIONAL ITEMS N29.365m N415.088m
TAXATION (N4.405m) (N62.263m)
PROFIT AFTER TAX N24.960m N352.825m
31-09-09 31-12-08
FIXED ASSETS N681.211m N729.870m
STOCK N1.033b N1.284b
CASH AND BANK BALANCES N312.047m N410.634m
OTHER DEBIT BALANCES N3.502b N2.840b
OTHER CREDIT BALANCES N2.154b N2.018b
WORKING CAPITAL N2.984b N2.017b
NET ASSETS N3.374b N3.247b

[saheewale]

Is Linkage on technical suspension? Can someone kindly explain why it is not being traded and omitted from the list of daily trades?

[yemo]

Originally Posted by saheewale

Is Linkage on technical suspension? Can someone kindly explain why it is not being traded and omitted from the list of daily trades?

No idea. This is what I saw

[pumping]

Originally Posted by saheewale

Is Linkage on technical suspension? Can someone kindly explain why it is not being traded and omitted from the list of daily trades?

No demand. Several millions on offer. When it does not trade, it is not listed. To summarize, it is not on technical suspension. Just at the 50k car park.

[c kenneths]

Originally Posted by pumping

No demand. Several millions on offer. When it does not trade, it is not listed. To summarize, it is not on technical suspension. Just at the 50k car park.

still parked at the infamous car park, any hope for a push off on this one?

[Oracle]

Originally Posted by c kenneths

still parked at the infamous car park, any hope for a push off on this one?

Make una no worry,the dead bones shall rise again.Ezekiel don talk am.
And when it rises, na N7 e dey go. Can someone say amen to this!!!

[horlads]

Originally Posted by Oracle

Make una no worry,the dead bones shall rise again.Ezekiel don talk am.
And when it rises, na N7 e dey go. Can someone say amen to this!!!

I sure say na only you go dey go that church....

[Oracle]

Originally Posted by horlads

I sure say na only you go dey go that church....

Una no buy this own too.
I'm holding it for a very long time.

[despi_dynasty]

Originally Posted by Oracle

Make una no worry,the dead bones shall rise again.Ezekiel don talk am.
And when it rises, na N7 e dey go. Can someone say amen to this!!!

My amen will come when I must have pocketed it, says my scale of preference, and at least three more things before it.

[c kenneths]

Originally Posted by Oracle

Una no buy this own too.
I'm holding it for a very long time.

Not an entirely bad idea especially now they are on the ground. Just don't hope it will rally quickly.

[Oracle]

Originally Posted by c kenneths

Not an entirely bad idea especially now they are on the ground. Just don't hope it will rally quickly.

Yes i know. i hope they will release something good when their year end reaches. Patience is a virture.

[muranay@yahoo.com]

14-06-2010 LINKAGE ASSURANCE PLC
Q3 September 2010 Earning Forecast
Forecast P and L Information
2010
Turnover N854.604m
Profit Before Tax N254.332m
Forecast Taxation (N50.866m)
Profit After Taxation N203.466m
Cash Flow Information
Net Cash Generated From Op Activities N520.354m
Cash Flow From Financing Activities N1.663b
Cash Flow From Investing Activities N1.464b
Net Decrease in Net Cash
and Cash Equivalents (N321.663m)
Cash Bank Balance at the
Beginning of the Period N1.981b
Cash Bank Balance at the
End of the Period N1.659b

[Oracle]

Originally Posted by muranay@yahoo.com

14-06-2010 LINKAGE ASSURANCE PLC
Q3 September 2010 Earning Forecast ........

The attachment here gives all the reports of linkage assurance plc and there is no discrepancy in the result presented.

This company is true in its report. But their share price....

[baotoghile]

LINKAGE ASSURANCE PLC
12 November 2010
Audited Year Ended (December) 2009
Profit and Loss Information
Turnover 10 N829.437m 09 N905.684m Profit Before Tax And Extraordinary Items 09 (N55.293m) 08 N361.998m Exceptional Items 09 (N178.454m) 08 (N510.317m) Taxation 09 (N25.542m) 08 (N8.061m) Profit After Taxation 09 (N259.289m) 08 (N156.380m)
Balance Sheet Information
Fixed Assets 09 N717.561m 08 N729.870m Stock 09 N1.367b 08 N1.047b Trade Debtors 09 N712.438m 08 N1.056b Cash And Bank Balances 09 N267.293m 08 N410.634m Other Debit Balances 09 N1.927b 08 N2.020b Trade Creditors 09 N676.810m 08 N724.789m Other Credit Balances 09 N1.240b 08 N1.293b Net Assets 09 N3.075b 08 N3.247b
Corporate Actions
Proposed Dividend
Nil
Proposed Bonus
Nil
Payment Date
Nil
Closure Date
Nil
AGM Date
Nil
AGM Venue
Nil

[Oracle]

LINKAGE ASSURANCE PLC 25 July 2011
Unaudited Q2 June 2011
2011 2010
Turnover N1.063b N1.069b
Profit Before Tax N55.093m N51.180m
Taxation (N11.019m) (N15.354m)
Profit After Tax N44.074m N35.826m
Balance Sheet Information 30-06-11 31-12-10
Fixed Assets N701.864m N707.494m
Investments N1.109b N1.125b
Stock N1.235b N1.253b
Trade Debtors N412.946m N608.641m
Cash and Bank Balances N389.273m N235.568m
Other Debit Balances N871.361m N871.361m
Insurance Funds N692.890m N681.618m
Manage Funds N592.122m N633.772m
Other Credit Balances N377.786m N472.870m
Net Assets N3.057b N3.013b