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  #1 (permalink)  
Old 17th August 2007, 10:46 PM
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Default cornerstone insurance

can someone tell me what is happening to conerstone insurance...
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  #2 (permalink)  
Old 18th August 2007, 05:01 AM
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Summarily they made losses in their last released results, and the market responded by hammering the stock price down.

It seems to be recovering though.
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Old 1st November 2007, 11:16 PM
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Default Cornerstone Insurance Company Q3 Result

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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  #4 (permalink)  
Old 3rd November 2007, 03:53 PM
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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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Old 6th November 2007, 12:50 PM
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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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Old 6th November 2007, 07:36 PM
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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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Old 26th November 2007, 01:28 PM
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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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Old 27th November 2007, 05:14 AM
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Quote:
Originally Posted by c kenneths View Post
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?
overvalued
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Old 27th November 2007, 11:54 AM
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You are right Hispy, the stock started to lose some weight yesterday.
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Old 12th June 2008, 07:08 PM
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Default conerstone

pls is the audited result of conerstone out
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Old 12th June 2008, 07:12 PM
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Quote:
Originally Posted by ayo otesile View Post
pls is the audited result of conerstone out

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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Old 11th July 2008, 07:23 PM
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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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Old 11th July 2008, 09:51 PM
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Quote:
Originally Posted by Avocado View Post
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

I think the outstanding shares is far more dan that...i will post my figure soon.cheers.
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Last edited by billions : 11th July 2008 at 09:56 PM.
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  #14 (permalink)  
Old 11th July 2008, 10:24 PM
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Quote:
Originally Posted by Avocado View Post
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

I hv 8.87b units....
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Old 12th July 2008, 02:05 AM
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Quote:
Originally Posted by Avocado View Post
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

I have 9.56B shares outstanding
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  #16 (permalink)  
Old 12th July 2008, 05:47 PM
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Quote:
Originally Posted by hispy99 View Post
I have 9.56B shares outstanding


Problem dey...d result is not good based on d units on ground.
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  #17 (permalink)  
Old 12th July 2008, 05:48 PM
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looking at the PE and EPS the current price is not bad to take position.
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  #18 (permalink)  
Old 12th July 2008, 05:53 PM