Go Back   StockMarketNigeria.com Forums > Nigerian Stocks > Insurance Stocks

Insurance Stocks Aiico, Guinea Insurance, Niger Insurance, Lasaco, UNIC Insurance, etc

Welcome to the StockMarketNigeria.com Forums.
If this is your first visit, be sure to check out the FAQ by clicking the link above. You may have to register before you can post: click the register link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below.

Reply
 
LinkBack Thread Tools Search this Thread Display Modes
  #1 (permalink)  
Old 11th June 2007, 09:55 AM
abelinvest's Avatar
Rank: Junior Member
Points: 1,705, Level: 24
Points: 1,705, Level: 24 Points: 1,705, Level: 24 Points: 1,705, Level: 24
Activity: 0%
Activity: 0% Activity: 0% Activity: 0%
 
Join Date: Jun 2007
Posts: 5
Thanks: 0
Thanked 0 Times in 0 Posts
Groans: 0
Groaned at 0 Times in 0 Posts
Rep Power: 0
abelinvest is on a distinguished road
Default Mutual benefits Assurance Plc

Can someone advise on the closure date for dividends payment for the year ending 2006. Or is it yet to be disclosed
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #2 (permalink)  
Old 18th June 2007, 02:19 AM
whatsup's Avatar
Rank: Member
Points: 2,862, Level: 32
Points: 2,862, Level: 32 Points: 2,862, Level: 32 Points: 2,862, Level: 32
Activity: 1%
Activity: 1% Activity: 1% Activity: 1%
 
Join Date: Nov 2006
Posts: 63
Thanks: 0
Thanked 0 Times in 0 Posts
Groans: 0
Groaned at 0 Times in 0 Posts
Rep Power: 9
whatsup is on a distinguished road
Default

Please guru's advise; do i hold or sell mutual benefits. Im not sure if what has been happening is profit taking or has it peaked and is heading for decline. Do i sell or wait and see.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #3 (permalink)  
Old 18th June 2007, 08:42 AM
paragon's Avatar
Rank: Senior Member
Points: 4,486, Level: 42
Points: 4,486, Level: 42 Points: 4,486, Level: 42 Points: 4,486, Level: 42
Activity: 0%
Activity: 0% Activity: 0% Activity: 0%
 
Join Date: Oct 2006
Location: Nigeria
Posts: 133
Thanks: 0
Thanked 1 Time in 1 Post
Groans: 0
Groaned at 1 Time in 1 Post
Rep Power: 9
paragon is on a distinguished road
Default

do not sell your mutual benefits. Even with the dividend payment, the stock is one of the hottest in the sector. As an intelligent investor, do not be concerned more of ehat happens today, but for future.

Insurance stocks are yet to reflect their true value. Hold them for at least 1 year ans see what happens.
__________________
It is not what you know, but what you do with what you know that matters. Think and act...
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #4 (permalink)  
Old 18th June 2007, 02:48 PM
c kenneths's Avatar
Rank: Senior Member
Points: 16,796, Level: 82
Points: 16,796, Level: 82 Points: 16,796, Level: 82 Points: 16,796, Level: 82
Activity: 0%
Activity: 0% Activity: 0% Activity: 0%
 
Join Date: Oct 2006
Posts: 3,210
Thanks: 32
Thanked 48 Times in 32 Posts
Groans: 0
Groaned at 2 Times in 1 Post
Rep Power: 13
c kenneths has a spectacular aura aboutc kenneths has a spectacular aura about
Default

I was timing this stock after buying for two months, and had to sell on thursday after i saw a weakening demand, the price fell on that day and fell again on friday.
But for long timers, the stock is a good one.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #5 (permalink)  
Old 18th June 2007, 04:04 PM
dotunk's Avatar
Rank: Senior Member
Points: 9,084, Level: 64
Points: 9,084, Level: 64 Points: 9,084, Level: 64 Points: 9,084, Level: 64
Activity: 3%
Activity: 3% Activity: 3% Activity: 3%
 
Join Date: Mar 2007
Location: Ilorin, Kwara State
Posts: 410
Thanks: 0
Thanked 6 Times in 6 Posts
Groans: 0
Groaned at 2 Times in 2 Posts
Rep Power: 8
dotunk is on a distinguished road
Send a message via Yahoo to dotunk Send a message via Skype™ to dotunk
Default

hi all,

please does anyone know when the company's registrars will send out the certificates?

i bought the IPO and am yet to get my certificate for trading. i wish i had money to but into the secondary market but couldnt... i could have been sellint too now.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #6 (permalink)  
Old 18th June 2007, 06:45 PM
c kenneths's Avatar
Rank: Senior Member
Points: 16,796, Level: 82
Points: 16,796, Level: 82 Points: 16,796, Level: 82 Points: 16,796, Level: 82
Activity: 0%
Activity: 0% Activity: 0% Activity: 0%
 
Join Date: Oct 2006
Posts: 3,210
Thanks: 32
Thanked 48 Times in 32 Posts
Groans: 0
Groaned at 2 Times in 1 Post
Rep Power: 13
c kenneths has a spectacular aura aboutc kenneths has a spectacular aura about
Default

I feel you Dotunk, because of this certificate delays, i buy more of secondary market stuff than PO's.

I wish the offers will get faster.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #7 (permalink)  
Old 19th June 2007, 01:18 AM
eriksbmw's Avatar
Rank: Member
Points: 1,859, Level: 25
Points: 1,859, Level: 25 Points: 1,859, Level: 25 Points: 1,859, Level: 25
Activity: 0%
Activity: 0% Activity: 0% Activity: 0%
 
Join Date: Mar 2007
Posts: 59
Thanks: 0
Thanked 0 Times in 0 Posts
Groans: 0
Groaned at 0 Times in 0 Posts
Rep Power: 8
eriksbmw is on a distinguished road
Default

The challenge for us all in light of the turn-around time for certificates and verification will be to identify, early enough, which companies are coming to the market via a P.O. and buy shares on the floor.

This way we'll be able to sell as and when we deem fit and not be subjected to the inefficiencies of the firms and their registrars.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #8 (permalink)  
Old 20th June 2007, 03:40 PM
ajifowowe adeyemi's Avatar
Rank: Member
Points: 1,673, Level: 23
Points: 1,673, Level: 23 Points: 1,673, Level: 23 Points: 1,673, Level: 23
Activity: 0%
Activity: 0% Activity: 0% Activity: 0%
 
Join Date: Jun 2007
Posts: 35
Thanks: 0
Thanked 0 Times in 0 Posts
Groans: 0
Groaned at 0 Times in 0 Posts
Rep Power: 0
ajifowowe adeyemi is on a distinguished road
Red face

guys,
the issue with certificate is a very serious one.
You should know by now, if you are a long time investor, that companies usually delay their certificate (especially when price goes up) in a bid to control their stock price, so that investors don't sell their stocks. That is an example of Intercontinental Banks public offer.
Sometimes, some gives their certificate as promised but delay their verification like Dangote Sugar Refinery, hence that is still going to affect your sales.
So my own opinion is that you always go to the secondary market if you are planing for short term investment.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #9 (permalink)  
Old 20th June 2007, 09:55 PM
dotunk's Avatar
Rank: Senior Member
Points: 9,084, Level: 64
Points: 9,084, Level: 64 Points: 9,084, Level: 64 Points: 9,084, Level: 64
Activity: 3%
Activity: 3% Activity: 3% Activity: 3%
 
Join Date: Mar 2007
Location: Ilorin, Kwara State
Posts: 410
Thanks: 0
Thanked 6 Times in 6 Posts
Groans: 0
Groaned at 2 Times in 2 Posts
Rep Power: 8
dotunk is on a distinguished road
Send a message via Yahoo to dotunk Send a message via Skype™ to dotunk
Default

ajifowowe,

agree with you on the secondary market thing but intercontinental had problems with verification of the funds collected during the offer
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #10 (permalink)  
Old 21st June 2007, 09:57 AM
ajifowowe adeyemi's Avatar
Rank: Member
Points: 1,673, Level: 23
Points: 1,673, Level: 23 Points: 1,673, Level: 23 Points: 1,673, Level: 23
Activity: 0%
Activity: 0% Activity: 0% Activity: 0%
 
Join Date: Jun 2007
Posts: 35
Thanks: 0
Thanked 0 Times in 0 Posts
Groans: 0
Groaned at 0 Times in 0 Posts
Rep Power: 0
ajifowowe adeyemi is on a distinguished road
Default

thanks dotun
you seems to be very versatile in the stock business.
more grease to your elbow.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #11 (permalink)  
Old 21st June 2007, 04:37 PM
alanbow's Avatar
Rank: Senior Member
Points: 5,302, Level: 46
Points: 5,302, Level: 46 Points: 5,302, Level: 46 Points: 5,302, Level: 46
Activity: 0%
Activity: 0% Activity: 0% Activity: 0%
 
Join Date: May 2007
Posts: 173
Thanks: 0
Thanked 0 Times in 0 Posts
Groans: 0
Groaned at 0 Times in 0 Posts
Rep Power: 8
alanbow is on a distinguished road
Default

Quote:
Originally Posted by dotunk View Post
ajifowowe,

agree with you on the secondary market thing but intercontinental had problems with verification of the funds collected during the offer
And CBN big brother approach did not help either.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #12 (permalink)  
Old 29th May 2008, 12:37 AM
hispy99's Avatar
Forum Moderator
Rank: Senior Member
Points: 86,694, Level: 100
Points: 86,694, Level: 100 Points: 86,694, Level: 100 Points: 86,694, Level: 100
Activity: 86%
Activity: 86% Activity: 86% Activity: 86%
 
Join Date: Aug 2007
Location: Chicago
Posts: 27,689
Thanks: 121
Thanked 259 Times in 210 Posts
Groans: 2
Groaned at 3 Times in 3 Posts
Rep Power: 39
hispy99 is just really nicehispy99 is just really nicehispy99 is just really nicehispy99 is just really nicehispy99 is just really nice
Default

YEAR ENDED 31ST DECEMBER 2007
2007 2006 %CHANGE
GROSS PREMIUM N2.210b N1.947b 13.5
PROFIT BEFORE TAXATION N1.218b N742.304m 64.12
TAXATION (N180.616m) (N40.084m)
PROFIT AFTER TAXATION N1.037b N702.220m 47.7
PROPOSED DIVIDEND/SHARE 6KOBO
CLOSURE OF REGISTER JUNE 16-21, 2008
__________________
“The market can remain irrational longer than you can remain solvent.” - John Maynard Keynes
"The one absolute requirement of a money manager is emotional maturity. If you don’t know who you are, the stock market is an expensive place to find out." - Adam Smith
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #13 (permalink)  
Old 29th May 2008, 05:02 AM
billions's Avatar
Rank: Senior Member
Points: 5,740, Level: 48
Points: 5,740, Level: 48 Points: 5,740, Level: 48 Points: 5,740, Level: 48
Activity: 0%
Activity: 0% Activity: 0% Activity: 0%
 
Join Date: May 2008
Posts: 2,028
Thanks: 1
Thanked 1 Time in 1 Post
Groans: 0
Groaned at 0 Times in 0 Posts
Rep Power: 11
billions has a spectacular aura aboutbillions has a spectacular aura aboutbillions has a spectacular aura about
Default

Quote:
Originally Posted by hispy99 View Post
YEAR ENDED 31ST DECEMBER 2007
2007 2006 %CHANGE
GROSS PREMIUM N2.210b N1.947b 13.5
PROFIT BEFORE TAXATION N1.218b N742.304m 64.12
TAXATION (N180.616m) (N40.084m)
PROFIT AFTER TAXATION N1.037b N702.220m 47.7
PROPOSED DIVIDEND/SHARE 6KOBO
CLOSURE OF REGISTER JUNE 16-21, 2008


We tend to hv an idea of how tomorrow will be from the signs available today.Insurance companies keeps making good profit..d tomorrow of this sector is great.
Good performance by MB ins but not a very strong profit growth...the pe ratio will not be too positively affected by a 48% profit growth considering d fact dat the pe ratio of MB Insurance plc is very high.

I believe dat the company will do well in d 1st quarter of 2008..i can see dat they r building profit momentum from d analysis of the LAST quarter performance.
__________________
The secret of stock investment lies in the ability of the stock investor to hybridize the growth and value theories of stock analysis-by billions.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #14 (permalink)  
Old 29th May 2008, 09:58 AM
lemerriam's Avatar
Rank: Member
Points: 1,680, Level: 23
Points: 1,680, Level: 23 Points: 1,680, Level: 23 Points: 1,680, Level: 23
Activity: 4%
Activity: 4% Activity: 4% Activity: 4%
 
Join Date: Jul 2007
Posts: 60
Thanks: 1
Thanked 0 Times in 0 Posts
Groans: 0
Groaned at 0 Times in 0 Posts
Rep Power: 8
lemerriam is on a distinguished road
Default

I am confused,i do not know whether to sell mututal benefit now ,I bought 14,000 units at 4.86 and 28000 units at 5.85,Insurance Gurus in the house please advise me on what to do as I am confused
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #15 (permalink)  
Old 30th May 2008, 08:36 PM
hispy99's Avatar
Forum Moderator
Rank: Senior Member
Points: 86,694, Level: 100
Points: 86,694, Level: 100 Points: 86,694, Level: 100 Points: 86,694, Level: 100
Activity: 86%
Activity: 86% Activity: 86% Activity: 86%
 
Join Date: Aug 2007
Location: Chicago
Posts: 27,689
Thanks: 121
Thanked 259 Times in 210 Posts
Groans: 2
Groaned at 3 Times in 3 Posts
Rep Power: 39
hispy99 is just really nicehispy99 is just really nicehispy99 is just really nicehispy99 is just really nicehispy99 is just really nice
Default

Afrinvest's take on Mutual Benefit...For your eyes only
Attached Files
File Type: pdf Mutual Benefits FY 2007 Earnings Update.pdf (33.7 KB, 126 views)
__________________
“The market can remain irrational longer than you can remain solvent.” - John Maynard Keynes
"The one absolute requirement of a money manager is emotional maturity. If you don’t know who you are, the stock market is an expensive place to find out." - Adam Smith
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #16 (permalink)  
Old 31st May 2008, 02:28 PM
Jeks's Avatar
Rank: Junior Member
Points: 1,865, Level: 25
Points: 1,865, Level: 25 Points: 1,865, Level: 25 Points: 1,865, Level: 25
Activity: 0%
Activity: 0% Activity: 0% Activity: 0%
 
Join Date: Apr 2007
Posts: 17
Thanks: 0
Thanked 0 Times in 0 Posts
Groans: 0
Groaned at 0 Times in 0 Posts
Rep Power: 0
Jeks is on a distinguished road
Default Mbefit

Thanks Hispy99 for the afrinvest info.
Good and objective analysis on Mbefit.
I have always believed in the insurance companies to deliver on expectations.
I will say Mbefit did not disappoint, though no bonus was declared.
I hope the market will respond positively to the result.
With Full yr EPS of 29k and PE of 14.6, Mbefit will likely do well.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #17 (permalink)  
Old 31st May 2008, 03:14 PM
hispy99's Avatar
Forum Moderator
Rank: Senior Member
Points: 86,694, Level: 100
Points: 86,694, Level: 100 Points: 86,694, Level: 100 Points: 86,694, Level: 100
Activity: 86%
Activity: 86% Activity: 86% Activity: 86%
 
Join Date: Aug 2007
Location: Chicago
Posts: 27,689
Thanks: 121
Thanked 259 Times in 210 Posts
Groans: 2
Groaned at 3 Times in 3 Posts
Rep Power: 39
hispy99 is just really nicehispy99 is just really nicehispy99 is just really nicehispy99 is just really nicehispy99 is just really nice
Default

Quote:
Originally Posted by Jeks View Post
Thanks Hispy99 for the afrinvest info.
Good and objective analysis on Mbefit.
I have always believed in the insurance companies to deliver on expectations.
I will say Mbefit did not disappoint, though no bonus was declared.
I hope the market will respond positively to the result.
With Full yr EPS of 29k and PE of 14.6, Mbefit will likely do well.
I have full year EPS 17k and PE ~ 26
__________________
“The market can remain irrational longer than you can remain solvent.” - John Maynard Keynes
"The one absolute requirement of a money manager is emotional maturity. If you don’t know who you are, the stock market is an expensive place to find out." - Adam Smith
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #18 (permalink)  
Old 11th June 2008, 05:42 PM
londoncool's Avatar
Rank: Senior Member
Points: 5,584, Level: 48
Points: 5,584, Level: 48 Points: 5,584, Level: 48 Points: 5,584, Level: 48
Activity: 0%
Activity: 0% Activity: 0% Activity: 0%
 
Join Date: Nov 2007
Posts: 227
Thanks: 2
Thanked 12 Times in 6 Posts
Groans: 0
Groaned at 0 Times in 0 Posts
Rep Power: 8
londoncool is on a distinguished road
Default

Mbenefit is worth taking the risk in large volumes now, although it has a 12 month recommended target of N7.00 once it breaches the N6.00 resistance level it would be a good time to sell and benefit from a N2.00 gain depending on your volumes purchased.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #19 (permalink)  
Old 14th June 2008, 01:34 PM
austine42007's Avatar
Rank: Senior Member
Points: 6,408, Level: 52
Points: 6,408, Level: 52 Points: 6,408, Level: 52 Points: 6,408, Level: 52
Activity: 0%
Activity: 0% Activity: 0% Activity: 0%
 
Join Date: Mar 2008
Posts: 549
Thanks: 10
Thanked 18 Times in 13 Posts
Groans: 0
Groaned at 1 Time in 1 Post
Rep Power: 7
austine42007 is on a distinguished road
Post Mutual Benefit Ins Ipo

does mutual benefit ins plan to riase money form the public through ipo pls if so inform me immediately
i do just like to sell my holding in that company i we buy next year thanks not for 2008 again
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #20 (permalink)  
Old 14th June 2008, 07:57 PM
hispy99's Avatar
Forum Moderator
Rank: Senior Member
Points: 86,694, Level: 100
Points: 86,694, Level: 100 Points: 86,694, Level: 100 Points: 86,694, Level: 100
Activity: 86%
Activity: 86% Activity: 86% Activity: 86%
 
Join Date: Aug 2007
Location: Chicago
Posts: 27,689
Thanks: 121
Thanked 259 Times in 210 Posts
Groans: 2
Groaned at 3 Times in 3 Posts
Rep Power: 39
hispy99 is just really nicehispy99 is just really nicehispy99 is just really nicehispy99 is just really nicehispy99 is just really nice
Default

Quote:
Originally Posted by austine42007 View Post
does mutual benefit ins plan to riase money form the public through ipo pls if so inform me immediately
i do just like to sell my holding in that company i we buy next year thanks not for 2008 again
Mutual Benefits is most likely going to do a PO, but I do not know when.
__________________
“The market can remain irrational longer than you can remain solvent.” - John Maynard Keynes
"The one absolute requirement of a money manager is emotional maturity. If you don’t know who you are, the stock market is an expensive place to find out." - Adam Smith
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
Reply


Similar Threads
Thread Thread Starter Forum Replies Last Post
Benefits of Stock Trading irewolede Other Stocks & Investment strategies 0 16th May 2008 10:21 AM
mutual benefit assurance, equity assdurance and continental reinssurance austine42007 Insurance Stocks 3 27th March 2008 11:22 AM
mutual benefit assurance, equity assdurance and continental reinssurance austine42007 CSCS 0 24th March 2008 08:10 PM


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are Off



All times are GMT +1. The time now is 01:38 AM.


Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
SEO by vBSEO 3.3.0
StockMarketNigeria.comAd Management plugin by RedTyger
no new posts

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37