NEM Insurance

hokiebear · #1 (**permalink**) 1st August 2007, 12:26 PM

I purchased some shares of NEM Insurance in early April under a private placement. I haven't received the share certificates nor heard anything about when they might be issued. Is anyone in the same situation or has anyone received the certificates?

wanaj0 · #2 (**permalink**) 6th August 2007, 08:49 AM

NEM did not do a private placment!!! I think they did a right in 2006. Not sure what Vigilante did

hokiebear · #3 (**permalink**) 6th August 2007, 01:23 PM

Sorry, I meant a rights issue.

wanaj0 · #4 (**permalink**) 6th August 2007, 02:43 PM

Quote:

Originally Posted by hokiebear

Sorry, I meant a rights issue.

Expect it to take a while before getting your certificate. Just dream about the money you've made for now. I think the rights was at N0.56.

excel123 · #5 (**permalink**) 23rd October 2007, 10:51 AM

NEM has been on a free-fall. What could be the likely course? Has the right issue certificate now released? The volume traded as at yesterday was the highest.Is there any hope of a rise?

hispy99 · #6 (**permalink**) 7th May 2008, 12:18 PM

NEM INSURANCE PLC
FIRST QUARTER ACCOUNT FOR THE PERIOD ENDED
31ST MARCH 2008
2008 2007
GROSS PREMIUM N1.057b N643.822m
NET PREMIUM N1.057b N594.805m
PROFIT BEFORE TAXATION N559.663m N110.024m
TAXATION (N67.160m) (N13.203m)
PROFIT AFTER TAXATION N492.503m N96.821m

onlyonezee · #7 (**permalink**) 8th May 2008, 02:48 PM

This result is encouraging fora company that posted losses two years ago and only climbed back into profitability last year. To those who feel these insurance companies are going nowhere and are overvalued, take out ur calculators and do the math. This might not be a bad sector to plant some seeds in, eh?

Akpadaka · #8 (**permalink**) 11th May 2008, 04:50 PM

I have seen NEM Q1results for 2008 but I have not seen the full year result for 2007. Pls if anybody has such information, the perosn shd pls assist. Thanks

BLUEMONEY · #9 (**permalink**) 11th May 2008, 05:38 PM

Quote:

Originally Posted by Akpadaka

I have seen NEM Q1results for 2008 but I have not seen the full year result for 2007. Pls if anybody has such information, the perosn shd pls assist. Thanks

you are welcome to the forum.
About NEM insurance, like other insurance companies, we are still awaiting thier full year result. CHEERS

billions · #10 (**permalink**) 17th May 2008, 10:02 AM

but why is the price of nem still coming down despite the excellent 1st quarter result?

henry_bonds@yahoo.co.uk · #11 (**permalink**) 17th May 2008, 01:45 PM

Quote:

Originally Posted by billions

but why is the price of nem still coming down despite the excellent 1st quarter result?

I am thinking seriously about taking more longterm position in NEM. Everybody seems to overlook her very impressive 1Qt report. My brothers, what do you think? I will appreciate comments from the house

edwardaigbokhan · #12 (**permalink**) 17th May 2008, 02:39 PM

There are greats opportunities waiting to explode in the some selected insurance stocks but a lot of people are ignoring this opportunities. NEM, IEI, ConHalkIns and some good insurance stocks with moderate outstanding shares are going to explode soon. take position now.

billions · #13 (**permalink**) 17th May 2008, 06:23 PM

Quote:

Originally Posted by edwardaigbokhan

There are greats opportunities waiting to explode in the some selected insurance stocks but a lot of people are ignoring this opportunities. NEM, IEI, ConHalkIns and some good insurance stocks with moderate outstanding shares are going to explode soon. take position now.

i agree with you strongly but i will not take a stronger position dan d one i am already cos when i bought 3 ins stock..the price went down...i bought more at the lower price...the price went down even further.

however,i think nem,iei,lasaco,etc are v. good stocks to buy.

BLUEMONEY · #14 (**permalink**) 17th May 2008, 06:39 PM

when the profit taking stops, the market will adjust itself to thier result.

DaInvestor · #15 (**permalink**) 18th May 2008, 09:53 AM

i might just be tempted into taking position on this one
might be my major risk for 08 after all these plenty returned money syndrome wey don hook the market. been very sceptical this year

billions · #16 (**permalink**) 18th May 2008, 09:59 AM

Quote:

Originally Posted by DaInvestor

i might just be tempted into taking position on this one
might be my major risk for 08 after all these plenty returned money syndrome wey don hook the market. been very sceptical this year

i dont think u will regret buying NEM at the current price.