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SOVEREIGN TRUSTS INSURANCE PLC
10 June 2010 Q3 (September) 2010 Earning Forecast Forecast Profit and Loss Information Gross Premium 10 N4.5b PBT 10 N630.895m Forecast Tax 10 Nil PAT 10 N630.895m
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You can not play symphonies until you have first mastered the notes.
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__________________
“The market can remain irrational longer than you can remain solvent.” - John Maynard Keynes |
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Quote:
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The Knight of Delta "Pursue excellence and success will follow, pants down" - Ranchoddas Shamaldas Chanchad "People do not have to believe in you for you to succeed. Work hard. When you succeed, they will believe." - Stephen Keshi |
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04-10-2010 SOVEREIGN TRUST INSURANCE PLC
Audited Year Ended (December) 2009 Profit and Loss Information 2009 2008 Gross Premium N4.440b N3.811b Profit Before Tax N13.063m N415.657m Taxation (N8.866m) (N54.861m) Profit After Tax N4.196m N360.795m Fixed Assets N530.965m N530.185m Stock N1.308b N1.648b Trade Debtors N1.378b N1.098b Cash And Bank BalS N65.123m N44.491m Other Debit BalS N1.986b N2.565b Insurance Funds N580.594m N474.359m Other Credit Balances N1.248b N1.263b Net Assets N3.439b N3.619b |
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SOVERIEGN TRUST INSURANCE PLC
03 November 2010 Unaudited Q2 (June) 2010 Profit and Loss Information Turnover 10 N2.901b 09 N2.826b Profit Before Tax 10 670.547m 09 N572.340m Taxation 10 (N66.903m) 09 (N70.657m) Profit After Taxation 10 N603.643m 09 N501.683m Balance Sheet Information Fixed Assets 30-06-10 N461.212m 31-12-09 N530.965m Stock 10 N1.147b 09 N1.308b Trade Debtors 10 N1.884b 09 N1.679b Cash And Bank Balances 10 N290.125m 09 N65.123m Other Debit Balances 10 N2b 09 N1.684b Insurance Funds 10 N617.420m 09 N580.594m Other Credit Balances 10 N1.137b 09 N1.248b Working Capital 10 N4.028b 09 N3.439b Net Assets 10 N4.028b 09 N3.439b |
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PE - 2.2x
ROE - 23.4% PBV - 0.76 Verdict: If this is the same company as Sovrenins on the exchange, then the market is confused. Very confused.
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The Knight of Delta "Pursue excellence and success will follow, pants down" - Ranchoddas Shamaldas Chanchad "People do not have to believe in you for you to succeed. Work hard. When you succeed, they will believe." - Stephen Keshi |
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Sovereign Trust Insurance plc
2010 Audited result ..........................2010.................... ......2009 Turnover..............N4.7b....................... ..N4.4b PAT.....................N308.7m................... ...N4.2m
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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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SOVEREIGN TRUST INSURANCE PLC 01 July 2011
Audited Year Ended December 2010 Profit and Loss Information 2010 2009 Gross Premium N4.761b N4.440b Profit Before Tax N415.867m N13.195m Taxation (N107.103m)(N8.998m) Profit After Tax N308.764m N4.197m Balance Sheet Information Fixed Assets N517.123m N530.966m Investment N585.121m N455.954m Stock N706.605m N1.308b Premium Debtors N1.819b N1.553b Cash and Bank Balances N200.457m N69.179m Other Debit Balances N1.826b N1.354b Insurance Funds N648.831m N509.416m Short Term Borrowings N23.522m N4.056m Other Credit Balances N1.233b N1.319b Net Assets N3.748b N3.439b
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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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Quote:
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“The market can remain irrational longer than you can remain solvent.” - John Maynard Keynes |
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STI intends to pay 3kobo.
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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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SOVEREIGN TRUST INSURANCE PLC 27 July 2011 Corporate Actions Proposed Dividend 3 Kobo Payment Date 15th September 2011 Closure Date 10th to 11th August 2011 AGM Date 25th August 2011 AGM Venue The Panoramic View Hall,Civic Centre,Victoria Island Lagos
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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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This company is currently doing a rights issue...
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The Knight of Delta "Pursue excellence and success will follow, pants down" - Ranchoddas Shamaldas Chanchad "People do not have to believe in you for you to succeed. Work hard. When you succeed, they will believe." - Stephen Keshi |
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Then why are they paying dividends when they are doing a rights issue? These guys don smoke weed!
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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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SOVEREIGN TRUST INSURANCE PLC 16 August 2011
Unaudited Q2 June 2011 Profit and Loss Information 2011 2010 Gross Premium N4.495b N2.901b Profit Before Tax N900.613m N670.548m Taxation (N89.858m) (N66.904m) Profit After Tax N810.754m N603.644m Balance Sheet Information Fixed Assets N483.363m N517.123m Investment N1.348b N1.385b Short Term Investments N1.051b N706.605m Trade Debtors N2.263b N1.589b Cash and Bank Balances N272.597m N200.457m Other Debit Balances N1.253b N1.256b Insurance Fund N987.926m N721.691m Other Credit Balances N1.125b N1.184b Net Assets N4.559b N3.748b
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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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Sovereign Trust Insurance Plc: Supplementary Listing
December 5, 2011 We Listed Additional 1,668,000,128 Units Of Sovereign Trust Insurance Plc On The Official List Of The Nigerian Stock Exchange.
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The cheapest stock in an overvalued market may still be overvalued |
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__________________
"The only Real Wisdom is knowing you know Nothing" - Socrates - The Greek philosopher |
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