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

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  #2041 (permalink)  
Old 12th April 2016, 08:53 AM
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Default Re: NEM Insurance

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Originally Posted by dupeodus View Post
Thanks. It is a confirmation that the managers of this company are simply fleecing the company and declaring whatever they want to declare. There are so many obvious indicators on the financials that I do not have time to enumerate now. You are however looking at a profitable insurance company that is being fleeced. What they have declared in this result is simply a pre-determination to match aiico in eps. Even though the company is more profitable, all the expense lines have been padded to siphon the money away. Whoever wants to invest in the company needs to make sure he or she enters at a price that the dividends from the company will be a good return. Forget about capital appreciation on this one.
Noted Oga mi. Thanks
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  #2042 (permalink)  
Old 12th April 2016, 09:46 AM
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Default Re: NEM Insurance

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Originally Posted by oyo View Post
Really? Sir Yomi, with insurance companies unlike manufacturing companies, one can hardly project FY results with near accuracy based on reported quarterly earnings

IMO, Nothing is ever sure with these risk-bearers until the Audited results are released and it cuts across all players.



I am not surprised at the 2015 FY results. ......and my opinion remain valid. I did, also caution about the management in some other post

Here was a company some Ogas took a big bet on sometime ago based on some "fundamentals" only to get their fingers burnt.

Happy investing
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  #2043 (permalink)  
Old 22nd April 2016, 09:23 AM
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Default Re: NEM Insurance

http://nse.com.ng/Financial_NewsDocs...APRIL_2016.pdf

NEM Q1. Another Q-Q 100% increment.......
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  #2044 (permalink)  
Old 22nd April 2016, 09:52 AM
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Default Re: NEM Insurance

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Originally Posted by mecatchcha View Post
http://nse.com.ng/Financial_NewsDocs...APRIL_2016.pdf

NEM Q1. Another Q-Q 100% increment.......
Then by Year end....you will be struggling to find the EPS you saw earlier...
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  #2045 (permalink)  
Old 22nd April 2016, 09:59 AM
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Default Re: NEM Insurance

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Originally Posted by overload View Post
Then by Year end....you will be struggling to find the EPS you saw earlier...
Thats why I wrote "another"....
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  #2046 (permalink)  
Old 23rd April 2016, 04:32 AM
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Default Re: NEM Insurance

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Originally Posted by mecatchcha View Post
http://nse.com.ng/Financial_NewsDocs...APRIL_2016.pdf

NEM Q1. Another Q-Q 100% increment.......
It's right there. On the balance sheet. N1billion on Other Receivable and Prepayments. N952 million of that is Other Debtors in note 6. At the end of the year, it becomes Reinsurance Premium on the Profit and Loss statement. The same thing happened last year. The managers of this company are stealing the company blind. How the SEC and NAICOM can condone this glaring and brazen irregularities beats me.It is painful not because of investment returns but the fact that people can do whatever they like in Nigeria and the people that are supposed to check them look the other way. You fight it as much as you can but eventually, you grow weary and the temptation is to just shut your mind against the country.
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  #2047 (permalink)  
Old 20th May 2016, 11:04 AM
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Default Re: NEM Insurance

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Originally Posted by overload View Post
Then by Year end....you will be struggling to find the EPS you saw earlier...
Please my Ogas in the house, when is the closure date for NEM: i learnt the AGM is on 8/6/2016
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  #2048 (permalink)  
Old 20th May 2016, 11:34 AM
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Default Re: NEM Insurance

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Originally Posted by lukbayo View Post
Please my Ogas in the house, when is the closure date for NEM: i learnt the AGM is on 8/6/2016
Closure is next monday 23rd May 2016. Agm is 8/6/2016
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  #2049 (permalink)  
Old 15th June 2016, 02:55 PM
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Default Re: NEM Insurance

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Originally Posted by wondas View Post
Closure is next monday 23rd May 2016. Agm is 8/6/2016
Anyone knows what is going on with NEM?. It has appreciated 49% this month and it currently has 52 million units on bid with no offer.
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  #2050 (permalink)  
Old 15th June 2016, 07:16 PM
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Default Re: NEM Insurance

Wondering myself. Appreciation started after I sold off
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  #2051 (permalink)  
Old 27th July 2016, 10:49 AM
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Default Re: NEM Insurance

http://nse.com.ng/Financial_NewsDocs..._JULY_2016.pdf
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  #2052 (permalink)  
Old 24th October 2016, 11:44 AM
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Default Re: NEM Insurance

http://www.nse.com.ng/Financial_News...TOBER_2016.pdf
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