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__________________
“The market can remain irrational longer than you can remain solvent.” - John Maynard Keynes |
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CONTINENTAL REINSURANCE PLC 02 August 2011
Unaudited Q2 June 2011 Profit and Loss Information 2011 2010 Gross Premium N6.247b N4.558b Profit Before Tax N675.986m N919.534m Taxation (N135.197m) (N183.907m) Profit After Tax N540.789m N735.627m Balance Sheet Information 30-06-11 31-12-10 Fixed Assets N127.178m N115.926m Investment N4.738b N4.590b Stock N6.301b N6.006b Trade Debtors N5.759b N4.090b Cash and Bank Balances N426.950m N221.119m Other Debit Balances N3.528b N3.766b Trade Creditors N4.304b N3.533b Other Credit Balances N4.127b N3.638b Net Assets N12.449b N11.619b
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For every buyer there is a seller, and the future will prove one of them to have made a mistake.
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CONTINENTAL REINSURANCE PLC
October 31, 2011 Unaudited Q3 (Sept. 2011) Profit and Loss Information Gross Premium 30/09/2011 N6.799b 30/09/2010 N5.890b Premium Earned 11 N5.806b 10 N6.319b Claims Incurred 11 (N2.330b) 10 (N2.962b) Acquisition & Maintenance Cost 11 (N2.418b) 10 (N2.023b) Investment and Other Income 11 N440.707m 10 N634.902m Admin Expenses 11 (N169.551m) 10 (N153.7733m) Provision for Doubtful debts 11 (N319.909m) 10 (N579.971m) Profit Before Tax 11 1.008b 10 N1.234b Taxation 11 (N201.622m) 10 (N246.972m) Profit After Tax 11 N806.490m 10 N987.887m Balance Sheet Information Fixed Assets 30/09/2011 N116.012m 31/12/2010 N115.926m Long term Investments 11 N4.741b 10 N4.590b Short term Investments 11 N5.838b 10 N6.006b Trade Debtors 11 N4.708b 10 N4.090b Cash and Bank Balances 11 N451.295m 10 N221.119m Other Debit Balances 11 N3.938b 10 N3.766b Insurance Funds 11 N4.354b 10 N3.533b Other Debit Balances 11 N3.428b 10 N3.302b Net Assets 11 N12.009b 10 N11.619b |
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Quote:
abeg the 'note' has vanished. 8k better pass no dividend
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If the herd starts running away from a good stock, get ready to run toward it....Warren Buffet |
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CONTINENTAL REINSURANCE PLC
April 2, 2012 Audited Results (Dec. 31, 2011) Profit and Loss Information Gross Premium 31-12-11 N9.484b 31-12-10 N10.253b Retrocession Cost Incurred 11 (N970.721m) 10 (N867.955m) Total Expenses 11 (N9.582b) 10 (N9.671b) Investment & Other Income 11 N972.284m 10 N981.688m Profit before Tax 11 N1.596b 10 N1.585b Taxation 11 (N363.742m) 10 (N354.766m) Profit after Tax 11 N1.232b 10 N1.230b Balance Sheet Information Fixed Assets 31-12-11 N108.335m 31-12-10 N115.926m Long term Investments 11 N4.913b 10 N4.590b Stocks 11 N5.989b 10 N6.006b Trade Debtors 11 N4.633b 10 N4.090b Cash and Bank Balances 11 N309.369m 10 N221.119m Other Debit Balances 11 N4.541b 10 N3.766b Insurance Fund 11 N3.833b 10 N3.533b Short term Other Credit Balances 11 N4.706b 10 N3.633b Net Assets 11 N8.540b 10 N7.171b Corporate Actions Proposed Dividend 8 kobo Proposed Bonus Nil Qualification Date 6th July, 2012 Closure Date 9th – 13th July 2012 AGM Date 18th July, 2012 Payment Date 19th April, 2012 AGM Venue To be Advised
__________________
Don't base your choices on surface level attraction, because "the good looks of a moron does not stay that way for long".
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