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  #1 (permalink)  
Old 18th July 2007, 05:08 PM
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Default UNIC INSURANCE Plc

Does anyone have any ideas on UNIC insurance? I hear they've been making a lot of waves in the health sector recently. Is this for real or just rumor?
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Old 19th July 2007, 12:02 PM
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Quote:
Originally Posted by windywendy View Post
Does anyone have any ideas on UNIC insurance? I hear they've been making a lot of waves in the health sector recently. Is this for real or just rumor?
Don't know whether they are making LOT of waves. However they have a 'club' at VGC. They are also partnering a number of hospitals to provide health insurance. They seem set for greater things but the overbearing influence of Shonekan is evident in the company. I expect theit full year 2006 result to be out in a couple of days. That should set the tone for future performance. They seem to have a good business plan.

They did a PO last year at 1.10 which was UNDER subscribed. Now it is hovering aroud 4.00 though it once moved near the 5.00 mark! For the long term, it is worth looking at.
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Old 4th July 2008, 03:38 AM
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Default UNIC Insurance appoints new helmsman

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Old 17th July 2008, 09:07 PM
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Originally Posted by hispy99 View Post
With all these past leadership qualities and posts held - school head boy, cricket captain, rugby captain and athletics champion; a skilful team player, combative opponent and a disciplined worker. I hope the fortunes improve.
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Old 8th August 2008, 01:53 AM
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Default Re: UNIC INSURANCE anyone?

House,

Is UNIC low enough for one to take position?
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Old 19th August 2008, 12:54 PM
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Default Re: UNIC INSURANCE anyone?

Unic Insurance Plc
1st Quarter Ended 31/03/08
2008 2007
Turnover N550.43m N477.43m
Profit Before Taxation N276.89m N103.68m
Taxation (n41.56m) (n20.73m)
Profit After Taxation N235.36m N82.95m
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Old 19th August 2008, 12:57 PM
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Default Re: UNIC INSURANCE anyone?

Unic Insurance Plc
2007 Audited Account
2007 2006
Turnover N1.92b N1.87b
Profit Before Taxation N470.60m N318.0m
Taxation (n37.0m) (n58.0m)
Profit After Taxation N430.47m N259.95m
Extra Ordinary Item (n101.47m) Nil
Profit After Taxation And Extra Ordinary Item
N329.0m N259.94m
Dividend 5k Closure Date 25/08/2008
Payment Date 13/10/2008
Note: Agm At Diamond Hall
Golden Gate Lagos On Wednesday
September 10, 2008 At 11.00 A.m
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Old 19th August 2008, 06:06 PM
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Default Re: UNIC INSURANCE anyone?

Unic result not really too bad after write down of extra-ordinary items and div of 5K. Well lets see how the market is going to react. This stock is already under valued. Can this stock get any love from this down trodden market?
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Old 19th August 2008, 10:16 PM
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Default Re: UNIC INSURANCE anyone?

I will wait to see how the market react to this report before I take my own bite.
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Old 22nd August 2008, 11:56 AM
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Default Re: UNIC INSURANCE anyone?

Quote:
Originally Posted by billions View Post
Unic Insurance Plc
1st Quarter Ended 31/03/08
2008 2007
Turnover N550.43m N477.43m
Profit Before Taxation N276.89m N103.68m
Taxation (n41.56m) (n20.73m)
Profit After Taxation N235.36m N82.95m
Can members of this house share with me their statistics on share float of UNIC Insurance? I got 2,581,733,505 from (often unreliable) Meristem website and this gives forward EPS of 36 kobo and P/E ratio of 5.4 times at yesterday's market closing price of 1.97 Naira (which seems almost too good to be true, even under this bear market situation).
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Old 22nd August 2008, 08:09 PM
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Wink Re: UNIC INSURANCE anyone?

Quote:
Originally Posted by riskreturn View Post
Can members of this house share with me their statistics on share float of UNIC Insurance? I got 2,581,733,505 from (often unreliable) Meristem website and this gives forward EPS of 36 kobo and P/E ratio of 5.4 times at yesterday's market closing price of 1.97 Naira (which seems almost too good to be true, even under this bear market situation).


That is the exact same figure i got.
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  #12 (permalink)  
Old 22nd August 2008, 08:09 PM
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Wink Re: UNIC INSURANCE anyone?

Quote:
Originally Posted by riskreturn View Post
Can members of this house share with me their statistics on share float of UNIC Insurance? I got 2,581,733,505 from (often unreliable) Meristem website and this gives forward EPS of 36 kobo and P/E ratio of 5.4 times at yesterday's market closing price of 1.97 Naira (which seems almost too good to be true, even under this bear market situation).


That is the exact same figure i got from another site.
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  #13 (permalink)  
Old 22nd August 2008, 08:58 PM
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Default Re: UNIC INSURANCE anyone?

Quote:
Originally Posted by riskreturn View Post
Can members of this house share with me their statistics on share float of UNIC Insurance? I got 2,581,733,505 from (often unreliable) Meristem website and this gives forward EPS of 36 kobo and P/E ratio of 5.4 times at yesterday's market closing price of 1.97 Naira (which seems almost too good to be true, even under this bear market situation).

I hv 2.58b units too.
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Old 22nd August 2008, 09:15 PM
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Wink Re: UNIC INSURANCE anyone?

Quote:
Originally Posted by billions View Post
I hv 2.58b units too.

So that should be the correct number.
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Old 31st August 2008, 07:59 PM
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Lightbulb Re: UNIC INSURANCE anyone?

At their current prices is UNIC (2.03) a better buy than Lasaco (1.90).
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Old 16th September 2008, 09:11 PM
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Default Re: UNIC INSURANCE anyone?

UNIC Insurance Plc today released its un-audited results for the second quarter ended 30th June, 2008. Turnover grew by 20.75% to N1.28 billion; PBT soared by 50.22% to N451.12 million from N300 million while PAT also increased by 47.61% to N369.92million from N250.6 million in the corresponding period of 2007.
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Old 20th January 2009, 06:38 AM
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Default Re: UNIC INSURANCE anyone?

Unic Insurance Plc
3rd Quarter Ended 30/09/08
2008 2007
Turnover N1.84B N1.389B
Profit Before Taxation N429.70m N332.44m
Profit After Taxation N365.25m N281.85m
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Old 20th January 2009, 10:04 AM
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Default Re: UNIC INSURANCE anyone?

Quote:
Originally Posted by hispy99 View Post
Unic Insurance Plc
3rd Quarter Ended 30/09/08
2008 2007
Turnover N1.84B N1.389B
Profit Before Taxation N429.70m N332.44m
Profit After Taxation N365.25m N281.85m
Quote:
UNIC Insurance Plc today released its un-audited results for the second quarter ended 30th June, 2008. Turnover grew by 20.75% to N1.28 billion; PBT soared by 50.22% to N451.12 million from N300 million while PAT also increased by 47.61% to N369.92million from N250.6 million in the corresponding period of 2007.
It seems Q3 PAT is less than Q2. What is that about?
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Old 20th January 2009, 02:03 PM
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Default Re: UNIC INSURANCE anyone?

Quote:
Originally Posted by Michael View Post
It seems Q3 PAT is less than Q2. What is that about?
If companies were required to release a full income statement, balance sheet, and cash flow statement, we would be able to make an informed guess. As is, these interim statements provide little basis for sound investment decisions.
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Old 20th January 2009, 04:35 PM
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Default Re: UNIC INSURANCE anyone?

Quote:
Originally Posted by Michael View Post
It seems Q3 PAT is less than Q2. What is that about?

A number of insurance companies have suffered with the market downturn, so I am not too surprised by this result. It seems as if these insurance firms had significant exposures to the market.
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