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

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  #1 (permalink)  
Old 26th June 2007, 11:40 AM
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Default wapic insurance

What do you guys think of buy wapic stocks for short term?
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Old 26th June 2007, 11:01 PM
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Go for it with your Liver. I think it is a dip that could give you up to 50% capital appreciation by December, but you must be ready to cut out if e no gel or if it performs less than your expectations. I would expect at least 5% appreciation every two weeks.
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Old 27th June 2007, 09:38 AM
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Oseitutu:are there some hard numbers and/or justifications for these projections?
.
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Old 27th June 2007, 09:48 AM
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someone says that insurance firm cant go beyond N8 at any point in time, i differ to that view.
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Old 27th June 2007, 10:54 AM
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Quote:
Originally Posted by olusolakemmy View Post
someone says that insurance firm cant go beyond N8 at any point in time, i differ to that view.
I think it is possible for just a few but not sustainable.

Look at NEM, it doubled just because of very good first quarter performance, but is has been coming down ever since From 5.80 max now at 5.18.

So the 6naira ones can go beyond based on good performance but the question is for how long.
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Old 27th June 2007, 05:24 PM
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Default I am no expert!

Hard facts and figures are best obtained from the REAL professionals. I feel I am not an expert. One thing I try to eliminate from my stock decisions is sentiments. They are sector leaders, with PE of 16.09, very low indeed. They gave a stock split of 1 for 5 last July. Their full year results are overdue, probably because they are strategising and seeing how the new listings unfold. The stock has appreciated by almost 100% this year already. Their last year EPS was 6.22%. Market psychology at the moment seems to be "hold it hold it" as traded volumes are low. Major holders are not selling!
When you look at all this and consider that this is a stock exchange that has appreciated by 53% in less than 6 months, your projections would not be far from mine, besides it made the oseitutu list for stocks this June. Only 27 companies are on the list.
Experts may have a different view from me, but these are some of the criteria on which I based my entry earlier on.
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Old 27th June 2007, 06:47 PM
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I like the Oseitutu list for june, and men if you say you are not yet an expert, then what is the criteria for measuring expertise ?

However a few of those stocks may not be as fast in price appreciation, which will disqualify them from short term considerations, talking of UACP, BOC GASES, DANGOTE SUGAR etc, or what do we think?
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Old 27th June 2007, 06:56 PM
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Quote:
Originally Posted by serenity View Post
What do you guys think of buy wapic stocks for short term?
Serenity there is nothing to fear about Wapic stockc. It is as good as you would grade Intercontinental bank.
I am sure you know that the company is proudly supported by (as an affiliate of) IBplc, hence, whatever rating you can give the bank, give Wapic also.
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Old 27th June 2007, 06:57 PM
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All those companies have appreciated by more than 50% this year! They all have historical PE ratios less than 30 at current price. They all published annual reports last year.
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Last edited by oseitutu; 27th June 2007 at 07:14 PM.
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Old 28th June 2007, 12:42 PM
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Insurance companies are the next BANG on the NSE. They have a lot of untapped potential that will cause a big expansion. Imagine the oil companies having to turn to the local insurers? Imagine the effect of the health insuarnce nad compulsory life insurance. Go for any well managed insurance stock and you will not regret.

Same applies with the pharmaceuticals. May and Baker is where to go now.
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Old 28th June 2007, 08:56 PM
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Wanaj, well spoken. The insurance index has grown by more than 180 % this year. May and Baker are on my stock picks list for June, so is Evans.
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Old 1st July 2007, 02:57 PM
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Oseitutu, its only that drug companies has not yet performed to my expectation, since the govt. announced a partial ban on imported drugs, I thought these companies will profit tremendously, but the performance has not been as much as expected, some attribute this to the activities of fake drug manufacturers who offer cheaper yet more dangerous versions of these drugs to the unsuspecting public, mostly illiterates.

On wapic, am still accumulating, this stock will hit the roof soon and I hope to be there.
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Old 14th August 2007, 01:10 AM
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Default wapic insurance

This notable insurance company, against all forcasts and positive analysis about them as one of the strongest and the best insurance firms in this country suddenly started to slip in price.
The last forcast is for 10 naira and the stock is still wallowing at the mid 6 naira.

While some analysts attributed this to the general bear session pervading the entire market, some investors may be selling to take up the offers in the market.

Would it be as a result of the recapitalisation rumoured in the insurance sector, even at that the company should have no problems meeting anylimits, considering size and experience.

I am still taking a serious view as to make a move, what do we think?
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Old 14th August 2007, 03:01 AM
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Default They are leaders

Quote:
Originally Posted by c kenneths View Post
This notable insurance company, against all forcasts and positive analysis about them as one of the strongest and the best insurance firms in this country suddenly started to slip in price.
The last forcast is for 10 naira and the stock is still wallowing at the mid 6 naira.

While some analysts attributed this to the general bear session pervading the entire market, some investors may be selling to take up the offers in the market.

Would it be as a result of the recapitalisation rumoured in the insurance sector, even at that the company should have no problems meeting anylimits, considering size and experience.

I am still taking a serious view as to make a move, what do we think?
Use this opportunity to take position. The price will shoot up pretty soon. Once the new Insurance companys have all landed and completed their initial listing price appreciation, the boys will once again be seperated from the men.
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Old 14th August 2007, 07:03 AM
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I will make more purchases on this one, it seems solid.
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Old 15th August 2007, 11:23 AM
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Default which way to go??

@ ositetu, c kenneths,
which insurance companies do u see coming back up when this sector booms again? im torn between mbenefits, crusader or wapic insurance. i hear crusader just released a fantastic half year result. i really need some advice cos im not too familiar with this sector. thankyou.
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Old 15th August 2007, 05:37 PM
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Default Look at the backbone!

Quote:
Originally Posted by shigidi View Post
@ ositetu, c kenneths,
which insurance companies do u see coming back up when this sector booms again? im torn between mbenefits, crusader or wapic insurance. i hear crusader just released a fantastic half year result. i really need some advice cos im not too familiar with this sector. thankyou.
Shigidi, you are probablymore savy at analysing stocks than I am. I have seen and heard your gr8 contributions elsewhere. Anyway, WAPIC backbone is Intercontinental Bank. The largest bank in Nigeria. That is a really metal backbone if you ask me. Even before the recent bull run of the last 9 months, WAPIC has been strong. I do not know much about the others. MBI gave 9 for 10. What is their total issued shares now. I do not know why they did it but I saw that as not an excellent practice, unless they have most of their shares in their own custody and will use it to mop up campital from the secondary market with the price appreciation which they have seen. Many things dey happen joo, I no know again!
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Old 15th August 2007, 09:26 PM
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Shigidi is right to mention crusader and m/benefits as other good insurance stocks, and I will choose Crusader over M/benefits cause when you look at the P/E in that sector, Wapic and crusader used to attract the least P/E, not only that, I feel crusader is also undervalued at current earnings.
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Old 16th August 2007, 09:54 AM
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Quote:
Originally Posted by c kenneths View Post
Shigidi is right to mention crusader and m/benefits as other good insurance stocks, and I will choose Crusader over M/benefits cause when you look at the P/E in that sector, Wapic and crusader used to attract the least P/E, not only that, I feel crusader is also undervalued at current earnings.

Crusader is solid. NEM and UNIC should do fine also.
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Old 16th August 2007, 12:28 PM
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@ c kenneths, but now we see crusader has gained 5% evry day for 4 days now and im sure this will continue. this will give it a higher p/e ratio. now also look at the fact that mbenefits half year isnt out. in the long term, i know crusader is very good but if any1 is looking at short term price rally, i have a hunch mbenefit is the one !!!
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