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CORNERSTONE INSURANCE COMPANY
9 months, Sep. 2007 Turnover (Nm) 2,344.00 Turnover LY (Nm) 1,983.00 Change (%) 18.20 PBT (Nm) 819.86 PBT LY (Nm) 96.49 Change (%) 749.72 TAX (Nm) 250.17 TAX LY (Nm) 36.72 Change (%) 581.27 PAT (Nm) 569.69 PAT LY (Nm) 59.76 Change (%) 853.23 |
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The results released by cornerstone is very impressive, thank God I didn’t sell my shares after the last poor results.
Tenacity and courage is a big plus in this business. |
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Sometimes, the best time to buy in is when a good stock getting bad press. The jist is that a venture capital company has invested in cornerstone and taken over. This is one stock that is bound to move continually northward in the next few days. And it makes sence to HOLD for the long term.
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“The intelligent investor is a realist who sells to optimists and buys from pessimists.”- Ben Graham |
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The venture capital gist is not new.....its been there for a while. Think its the Capital Alliance folks or so.....Overall, it looks like a good stock though, but i believe there are more valuable insurance stocks out there right now......dont forget Cornerstone has 5b+ shares in issue right now....Do the PE valuation and comapre with the likes of Mutual benfits, Niger, Crusader and see what im talking about...
Cheers...B |
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Taking recent happenings in the insurance sector as a guide, does anyone still think it makes investment sense to buy cornerstone at its present price of N4.36?
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overvalued
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“The market can remain irrational longer than you can remain solvent.” - John Maynard Keynes |
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You are right Hispy, the stock started to lose some weight yesterday.
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oga, Please stop starting new threads when one already exists. You started one on this same company in August last year. Thanks
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“The market can remain irrational longer than you can remain solvent.” - John Maynard Keynes |
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Cornerstone Insurance Plc - First quarter results, 31 March 2008
...............2008...............2007 Turnover...N1.4 billion........N0.87 billion PBT..........N0.43 billion......N0.25 billion PAT..........N0.29 billion......N0.17 billion A respectable result. Share outstanding figure: somewhere between 4.37B and 5.06B, inclusive |
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Quote:
I think the outstanding shares is far more dan that...i will post my figure soon.cheers.
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The secret of stock investment lies in the ability of the stock investor to hybridize the growth and value theories of stock analysis-by billions. Last edited by billions : 11th July 2008 at 09:56 PM. |
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Quote:
I hv 8.87b units....
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The secret of stock investment lies in the ability of the stock investor to hybridize the growth and value theories of stock analysis-by billions. |
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Quote:
I have 9.56B shares outstanding
__________________
“The market can remain irrational longer than you can remain solvent.” - John Maynard Keynes |
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Problem dey...d result is not good based on d units on ground.
__________________
The secret of stock investment lies in the ability of the stock investor to hybridize the growth and value theories of stock analysis-by billions. |