Investment & Allied Assurance Company PLC

[chymex]

Any info on how soon Investment & Allied Assurance Company PLC is going to be listed?

[AkeemAde]

I called one of the guys (Jide) who left his telephone number on the forum and he assured that the company should be listing maximum ending of this month.

I am also tied there too and hoping that they allot me my maximum units. The decision to buy in the PP was my best decision for last year.

Cheers

[Abinishio]

Is Jide a staff of IAA?
Please can u advise his number?

Cheers

[chymex]

Originally Posted by AkeemAde

I called one of the guys (Jide) who left his telephone number on the forum and he assured that the company should be listing maximum ending of this month.

I am also tied there too and hoping that they allot me my maximum units. The decision to buy in the PP was my best decision for last year.

Cheers

Thanks for the info. Lets hope it works out that way, however if you have a more solid source to collaborate the info, please do share.

[Ndani]

hi


i applied for this pp way back last year, went to their office and was told they will be listing in two weeks at n 1.30. i wonder how this forum sees the share price moving, will it be similar to universal insurance?? ie 3n

thanks

[edwardaigbokhan]

Originally Posted by Ndani

hi


i applied for this pp way back last year, went to their office and was told they will be listing in two weeks at n 1.30. i wonder how this forum sees the share price moving, will it be similar to universal insurance?? ie 3n

thanks

I don't see the share moving like universal because IAAA would be listing 28billion units compare to 16 billion units of Universal. i think the price would rise after listing but would come down big time, except they reconstruct. I have be wrong many times

[ttoladele]

Originally Posted by edwardaigbokhan

I don't see the share moving like universal because IAAA would be listing 28billion units compare to 16 billion units of Universal. i think the price would rise after listing but would come down big time, except they reconstruct. I have be wrong many times

You may be right, but of recent we have seen that the Nigerian stock market performance defies all logic. I believe the timing of the listing will be crucial though.

[chymex]

If they list 28 billion @ N1.30, it will book maximum decline of 5% from day one, unless certificates have not been verified. I don't see the shares staying well above N1.00 at steady state.

[Leaders]

A dud texted and proomised to do a direct transfer (CSCS)of IAAA shares for me at N1.75k. is this a good offer

[hispy99]

Originally Posted by Leaders

A dud texted and proomised to do a direct transfer (CSCS)of IAAA shares for me at N1.75k. is this a good offer

Let me put it this way, if the coy makes a PAT of N1B, (which I doubt very much) you are looking @ a PE of 50 at N1.75.

If you are buying for the long term, there are definitely better Insurance companies out there. If you are in for the short term, I do not know, but I guess it depends on the price they list. If they list @ N1.30 as suggested in an earlier post, then it will take about 7 days for the price to reach your N1.75. With the current bearish market and the 28 billion shares to be listed, do you think IAA can rise for 6-7 consecutive days? The closer the list price is to N1.75, the better your chances, the further away it is from N1.75....

I also hope you know that the original PP was done @ N0.85 or was it N0.95 for N2 par value. So people that bought at PP price are getting 4 shares for N0.85, meaning what you are paying N1.75 for, they paid roughly N0.22 or so. So imagine the selling pressure that will be unleashed when the company's shares are listed

[solainvest]

By any chance, does anyone in the house know the Registrar to IAI?

[chymex]

Originally Posted by hispy99

Let me put it this way, if the coy makes a PAT of N1B, (which I doubt very much) you are looking @ a PE of 50 at N1.75.

I also hope you know that the original PP was done @ N0.85 or was it N0.95 for N2 par value. So people that bought at PP price are getting 4 shares for N0.85, meaning what you are paying N1.75 for, they paid roughly N0.22 or so. So imagine the selling pressure that will be unleashed when the company's shares are listed

IAA PP was at N2.10 for N2 par value.

[hispy99]

Originally Posted by chymex

IAA PP was at N2.10 for N2 par value.

thx for the correction

[leRmy]

Please can anyone help with any information regarding IAINSURANCE and also is it a good but at the current price and im looking at medium term investment...

thank you for anticipated responses..

[Abinishio]

Originally Posted by leRmy

Please can anyone help with any information regarding IAINSURANCE and also is it a good but at the current price and im looking at medium term investment...

thank you for anticipated responses..

Hello,
Please refer to Insuarance thread & ask ur question there.
U will be sure to get a quick and sure response there.


Cheers.

[leRmy]

Please can anyone help with any information regarding IAINSURANCE and also is it a good but at the current price and im looking at medium term investment...

thank you for anticipated responses..

[BLUEMONEY]

Originally Posted by Abinishio

Hello,
Please refer to Insuarance thread & ask ur question there.
U will be sure to get a quick and sure response there.


Cheers.

Hello,
i think this is the insurance thread. CHEERS.

[Barbican]

Market analysts says the price may get to N2.50.
lets get out around this price.
meanwhile where do we get our certificate from?

[joy111]

there is a hearsay going around that
Stockswatch consulting ltd, is planing to returned the money of those who buy into iaa @ a premium #3.30-#3.50
i need your advice on what to do.

[hispy99]

Originally Posted by joy111

there is a hearsay going around that
Stockswatch consulting ltd, is planing to returned the money of those who buy into iaa @ a premium #3.30-#3.50
i need your advice on what to do.

If they are returning your money to you, what else can you do? Maybe I don;t understand your question?