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Why not? They already 'declared' N0.946m as PAT for half year. I expect so PAT of N1.682 for FY should not be that difficult. Hopefully they will increase the N0.05 dividend. The 10% dividend yield is getting too small lol
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This one na nice savings account!
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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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True talk my brother. I no go leave this stock anytime soon.
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Everyone who has passed primary six mathematics has got the brainpower to make fortunes out of the stock market. |
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Last edited by manemi; 8th September 2011 at 03:08 PM. |
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![]() ![]() I don't care how they do the arithmetic. All I know is that my account is breathing fine! ![]()
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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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Manemi Sir, Don't be dismayed ooooo!!!!!!!!! Many are still on their way home (the parking lot still get vacancies for some more of these insurance stocks).
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NEM INSURANCE PLC
November 1, 2011 Unaudited Q3 (Sept. 2011) Profit and Loss Information Gross Premium 30/09/2011 N7.03b 30/09/2010 N5.33b Premium Earned 11 N6.5b 10 N5.06b Reinsurance Cost 11 (N703.0m) 10 (N584.7m) Commission Earned 11 N43.6m 10 N148.96m Net Claim Incurred 11 (N1.3b) 10 (N884.3m) Acquisition and Maintenance Cost 11 (N1.68bm) 10 (N1.27b) Management Expenses and Provision 11 (N1.69b) 10 (N1.45b) Investment and Other Income 11 N2.97b 10 N2.46b Profit Before Tax 11 N11.28b 10 N1.12 Taxation 11 (N128.0m) 10 (N78.1m) Profit After Tax 11 N1.15b 10 N1.03b Balance Sheet Information Fixed Assets 30/09/2011 N748.9m 31/12/2010 N700.4m Long term Investments 11 N1.29b 10 N1.29b Short term Investments 11 N2.19b 10 N1.8b Trade Debtors 11 N3.0b 10 N2.12b Cash and Bank Balances 11 N128.9m 10 N251.1m Other Debit Balances 11 N937.9m 10 N873.2m Insurance Funds 11 N1.6b 10 N1.0b Other Credit Balances 11 N158.67m 10 N250.96 Net Assets 11 N6.5b 10 N5.67b |
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This one just move off from the car park
Any News?
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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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Wait till the second half of the trading session for the day to see if the rally will be sustained.
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"True genius resides in the capacity for evaluation of uncertain, harzardous, and conflicting information"- Winston Churchill. |
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Oga Oracle, you dey see wetin I dey see??? Our ''current account train" is on the northward move again. Any news??? Abi dividend yield don near 20%???
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Everyone who has passed primary six mathematics has got the brainpower to make fortunes out of the stock market. |
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Shhhhh...no loud am...
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when an earthworm begins to crawl like a millipede, it's time to run to the king's palace...naked! - horlads |
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The Share only moved 2 pips........I think Livestock looks more Juicy
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"The only Real Wisdom is knowing you know Nothing" - Socrates - The Greek philosopher |
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RESULT ANNOUNCEMENT
NEM INSURANCE PLC April 23, 2012 Audited Results (Dec. 31, 2011) Profit and Loss Information Gross Premium 31-12-11 N8.381b 31-12-10 N6.386b Net Premium Earned 11 N7.218b 10 N5.291b Net Claims Incurred 11 (N1.721b) 10 (N1.144b) Underwriting Profit 11 N3.521b 10 N2.745b Investment & Other Income 11 N268.395m 10 N155.355m Mgt Expenses & Provision for doubtful Accounts 11 (N2.313b) 10 (N1.866b) Profit before Tax 11 N1.476b 10 N1.034b Taxation 11 (N132.383m) 10 (N200.738m) Profit after Tax 11 N1.343b 10 N833.854m Balance Sheet Information Fixed Assets 31-12-11 N841.886m 31-12-10 N731.824m Long Term Investments 11 N816.607m 10 N1.034b Short term Deposits 11 N2.277b 10 N1.823b Premium Debtors 11 N2.503b 10 N1.836b Cash and Bank Balances 11 N305.854m 10 N284.820m Other Debit Balances 11 N1.581b 10 N1.321b Insurance Fund 11 N1.564b 10 N1.127b Other Credit Balances 11 N220.303m 10 N252.928m Net Assets 11 N6.693b 10 N5.651b Corporate Actions Proposed Dividend 5 kobo Proposed Bonus Qualification Date Nil May 4, 2012 Closure Date May 7 – 11, 2012 AGM Date May 31, 2012 Payment Date May 31, 2012 AGM Venue Not Yet Available Notes |
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__________________
Everyone who has passed primary six mathematics has got the brainpower to make fortunes out of the stock market. |
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5kobo last year , 5kobo this year and 5kobo next year . Oga Oracle, u still dey inside this one? when are they going to start that their 6 floor building head office
__________________
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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Not a bad result. Concerned with the increasing management expenses/provision for doubtful account.
5kobo dividend is not bad but can be better. |
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