Go Back   StockMarketNigeria.com Forums > Nigerian Stocks > Insurance Stocks

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

Welcome to the StockMarketNigeria.com Forums.
If this is your first visit, be sure to check out the FAQ by clicking the link above. You may have to register before you can post: click the register link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below.

Reply
 
LinkBack Thread Tools Search this Thread Display Modes
  #1 (permalink)  
Old 17th August 2007, 10:46 PM
ayo otesile's Avatar
Rank: Member
Points: 5,230, Level: 46
Points: 5,230, Level: 46 Points: 5,230, Level: 46 Points: 5,230, Level: 46
Activity: 0%
Activity: 0% Activity: 0% Activity: 0%
 
Join Date: Aug 2007
Posts: 46
Thanks: 0
Thanked 1 Time in 1 Post
Groans: 0
Groaned at 0 Times in 0 Posts
Rep Power: 0
ayo otesile is on a distinguished road
Default cornerstone insurance

can someone tell me what is happening to conerstone insurance...
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #2 (permalink)  
Old 18th August 2007, 05:01 AM
c kenneths's Avatar
Rank: Senior Member
Points: 16,796, Level: 82
Points: 16,796, Level: 82 Points: 16,796, Level: 82 Points: 16,796, Level: 82
Activity: 0%
Activity: 0% Activity: 0% Activity: 0%
 
Join Date: Oct 2006
Posts: 3,210
Thanks: 32
Thanked 48 Times in 32 Posts
Groans: 0
Groaned at 2 Times in 1 Post
Rep Power: 12
c kenneths has a spectacular aura aboutc kenneths has a spectacular aura about
Default

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.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #3 (permalink)  
Old 1st November 2007, 11:16 PM
Yusuf's Avatar
Rank: Senior Member
Points: 1,999, Level: 26
Points: 1,999, Level: 26 Points: 1,999, Level: 26 Points: 1,999, Level: 26
Activity: 0%
Activity: 0% Activity: 0% Activity: 0%
 
Join Date: Jul 2007
Location: Maiduguri
Posts: 157
Thanks: 0
Thanked 0 Times in 0 Posts
Groans: 0
Groaned at 0 Times in 0 Posts
Rep Power: 8
Yusuf is on a distinguished road
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
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #4 (permalink)  
Old 3rd November 2007, 03:53 PM
c kenneths's Avatar
Rank: Senior Member
Points: 16,796, Level: 82
Points: 16,796, Level: 82 Points: 16,796, Level: 82 Points: 16,796, Level: 82
Activity: 0%
Activity: 0% Activity: 0% Activity: 0%
 
Join Date: Oct 2006
Posts: 3,210
Thanks: 32
Thanked 48 Times in 32 Posts
Groans: 0
Groaned at 2 Times in 1 Post
Rep Power: 12
c kenneths has a spectacular aura aboutc kenneths has a spectacular aura about
Default

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.
__________________
"THOSE WHO WIN, ARE THOSE WHO THINK THEY CAN"
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #5 (permalink)  
Old 6th November 2007, 12:50 PM
kiibaati's Avatar
Rank: Member
Points: 5,377, Level: 47
Points: 5,377, Level: 47 Points: 5,377, Level: 47 Points: 5,377, Level: 47
Activity: 0%
Activity: 0% Activity: 0% Activity: 0%
 
Join Date: Jul 2007
Posts: 30
Thanks: 0
Thanked 0 Times in 0 Posts
Groans: 0
Groaned at 0 Times in 0 Posts
Rep Power: 0
kiibaati is on a distinguished road
Default

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.
__________________
“The intelligent investor is a realist who sells to optimists and buys from pessimists.”- Ben Graham
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #6 (permalink)  
Old 6th November 2007, 07:36 PM
balaliyu's Avatar
Rank: Senior Member
Points: 5,050, Level: 45
Points: 5,050, Level: 45 Points: 5,050, Level: 45 Points: 5,050, Level: 45
Activity: 0%
Activity: 0% Activity: 0% Activity: 0%
 
Join Date: Jun 2007
Posts: 117
Thanks: 0
Thanked 0 Times in 0 Posts
Groans: 0
Groaned at 0 Times in 0 Posts
Rep Power: 8
balaliyu is on a distinguished road
Send a message via MSN to balaliyu
Default

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
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #7 (permalink)  
Old 26th November 2007, 01:28 PM
c kenneths's Avatar
Rank: Senior Member
Points: 16,796, Level: 82
Points: 16,796, Level: 82 Points: 16,796, Level: 82 Points: 16,796, Level: 82
Activity: 0%
Activity: 0% Activity: 0% Activity: 0%
 
Join Date: Oct 2006
Posts: 3,210
Thanks: 32
Thanked 48 Times in 32 Posts
Groans: 0
Groaned at 2 Times in 1 Post
Rep Power: 12
c kenneths has a spectacular aura aboutc kenneths has a spectacular aura about
Default

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?
__________________
"THOSE WHO WIN, ARE THOSE WHO THINK THEY CAN"
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #8 (permalink)  
Old 27th November 2007, 05:14 AM
hispy99's Avatar
Forum Moderator
Rank: Senior Member
Points: 84,289, Level: 100
Points: 84,289, Level: 100 Points: 84,289, Level: 100 Points: 84,289, Level: 100
Activity: 100%
Activity: 100% Activity: 100% Activity: 100%
 
Join Date: Aug 2007
Location: Chicago
Posts: 26,669
Thanks: 115
Thanked 252 Times in 203 Posts
Groans: 2
Groaned at 3 Times in 3 Posts
Rep Power: 38
hispy99 is just really nicehispy99 is just really nicehispy99 is just really nicehispy99 is just really nicehispy99 is just really nice
Default

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
__________________
“The market can remain irrational longer than you can remain solvent.” - John Maynard Keynes
"The one absolute requirement of a money manager is emotional maturity. If you don’t know who you are, the stock market is an expensive place to find out." - Adam Smith
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #9 (permalink)  
Old 27th November 2007, 11:54 AM
c kenneths's Avatar
Rank: Senior Member
Points: 16,796, Level: 82
Points: 16,796, Level: 82 Points: 16,796, Level: 82 Points: 16,796, Level: 82
Activity: 0%
Activity: 0% Activity: 0% Activity: 0%
 
Join Date: Oct 2006
Posts: 3,210
Thanks: 32
Thanked 48 Times in 32 Posts
Groans: 0
Groaned at 2 Times in 1 Post
Rep Power: 12
c kenneths has a spectacular aura aboutc kenneths has a spectacular aura about
Default

You are right Hispy, the stock started to lose some weight yesterday.
__________________
"THOSE WHO WIN, ARE THOSE WHO THINK THEY CAN"
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #10 (permalink)  
Old 12th June 2008, 07:12 PM
hispy99's Avatar
Forum Moderator
Rank: Senior Member
Points: 84,289, Level: 100
Points: 84,289, Level: 100 Points: 84,289, Level: 100 Points: 84,289, Level: 100
Activity: 100%
Activity: 100% Activity: 100% Activity: 100%
 
Join Date: Aug 2007
Location: Chicago
Posts: 26,669
Thanks: 115
Thanked 252 Times in 203 Posts
Groans: 2
Groaned at 3 Times in 3 Posts
Rep Power: 38
hispy99 is just really nicehispy99 is just really nicehispy99 is just really nicehispy99 is just really nicehispy99 is just really nice
Default

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
__________________
“The market can remain irrational longer than you can remain solvent.” - John Maynard Keynes
"The one absolute requirement of a money manager is emotional maturity. If you don’t know who you are, the stock market is an expensive place to find out." - Adam Smith
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #11 (permalink)  
Old 11th July 2008, 07:23 PM
Avocado's Avatar
Rank: Senior Member
Points: 6,243, Level: 51
Points: 6,243, Level: 51 Points: 6,243, Level: 51 Points: 6,243, Level: 51
Activity: 0%
Activity: 0% Activity: 0% Activity: 0%
 
Join Date: Apr 2007
Location: Mount Avo, Mount Cado
Posts: 486
Thanks: 0
Thanked 0 Times in 0 Posts
Groans: 0
Groaned at 0 Times in 0 Posts
Rep Power: 8
Avocado is on a distinguished road
Default

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
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #12 (permalink)  
Old 11th July 2008, 09:51 PM
billions's Avatar
Rank: Senior Member
Points: 5,740, Level: 48
Points: 5,740, Level: 48 Points: 5,740, Level: 48 Points: 5,740, Level: 48
Activity: 0%
Activity: 0% Activity: 0% Activity: 0%
 
Join Date: May 2008
Posts: 2,028
Thanks: 1
Thanked 1 Time in 1 Post
Groans: 0
Groaned at 0 Times in 0 Posts
Rep Power: 11
billions has a spectacular aura aboutbillions has a spectacular aura aboutbillions has a spectacular aura about
Default

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.
__________________
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.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #13 (permalink)  
Old 11th July 2008, 10:24 PM
billions's Avatar
Rank: Senior Member
Points: 5,740, Level: 48
Points: 5,740, Level: 48 Points: 5,740, Level: 48 Points: 5,740, Level: 48
Activity: 0%
Activity: 0% Activity: 0% Activity: 0%
 
Join Date: May 2008
Posts: 2,028
Thanks: 1
Thanked 1 Time in 1 Post
Groans: 0
Groaned at 0 Times in 0 Posts
Rep Power: 11
billions has a spectacular aura aboutbillions has a spectacular aura aboutbillions has a spectacular aura about
Default

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....
__________________
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.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #14 (permalink)  
Old 12th July 2008, 02:05 AM
hispy99's Avatar
Forum Moderator
Rank: Senior Member
Points: 84,289, Level: 100
Points: 84,289, Level: 100 Points: 84,289, Level: 100 Points: 84,289, Level: 100
Activity: 100%
Activity: 100% Activity: 100% Activity: 100%
 
Join Date: Aug 2007
Location: Chicago
Posts: 26,669
Thanks: 115
Thanked 252 Times in 203 Posts
Groans: 2
Groaned at 3 Times in 3 Posts
Rep Power: 38
hispy99 is just really nicehispy99 is just really nicehispy99 is just really nicehispy99 is just really nicehispy99 is just really nice
Default

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
__________________
“The market can remain irrational longer than you can remain solvent.” - John Maynard Keynes
"The one absolute requirement of a money manager is emotional maturity. If you don’t know who you are, the stock market is an expensive place to find out." - Adam Smith
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #15 (permalink)  
Old 12th July 2008, 05:47 PM
billions's Avatar
Rank: Senior Member
Points: 5,740, Level: 48
Points: 5,740, Level: 48 Points: 5,740, Level: 48 Points: 5,740, Level: 48
Activity: 0%
Activity: 0% Activity: 0% Activity: 0%
 
Join Date: May 2008
Posts: 2,028
Thanks: 1
Thanked 1 Time in 1 Post
Groans: 0
Groaned at 0 Times in 0 Posts
Rep Power: 11
billions has a spectacular aura aboutbillions has a spectacular aura aboutbillions has a spectacular aura about
Default

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.
__________________
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.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #16 (permalink)  
Old 12th July 2008, 05:48 PM
kenebobo's Avatar
Rank: Senior Member
Points: 1,615, Level: 23
Points: 1,615, Level: 23 Points: 1,615, Level: 23 Points: 1,615, Level: 23
Activity: 0%
Activity: 0% Activity: 0% Activity: 0%
 
Join Date: Apr 2008
Posts: 309
Thanks: 0
Thanked 0 Times in 0 Posts
Groans: 0
Groaned at 0 Times in 0 Posts
Rep Power: 7
kenebobo is on a distinguished road
Default

looking at the PE and EPS the current price is not bad to take position.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #17 (permalink)  
Old 12th July 2008, 05:53 PM
billions's Avatar
Rank: Senior Member
Points: 5,740, Level: 48
Points: 5,740, Level: 48 Points: 5,740, Level: 48 Points: 5,740, Level: 48
Activity: 0%
Activity: 0% Activity: 0% Activity: 0%
 
Join Date: May 2008
Posts: 2,028
Thanks: 1
Thanked 1 Time in 1 Post
Groans: 0
Groaned at 0 Times in 0 Posts
Rep Power: 11
billions has a spectacular aura aboutbillions has a spectacular aura aboutbillions has a spectacular aura about
Default

Quote:
Originally Posted by kenebobo View Post
looking at the PE and EPS the current price is not bad to take position.


wats d EPS dat u hv?cheers.
__________________
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.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #18 (permalink)  
Old 12th July 2008, 06:39 PM
billions's Avatar
Rank: Senior Member
Points: 5,740, Level: 48
Points: 5,740, Level: 48 Points: 5,740, Level: 48 Points: 5,740, Level: 48
Activity: 0%
Activity: 0% Activity: 0% Activity: 0%
 
Join Date: May 2008
Posts: 2,028
Thanks: 1
Thanked 1 Time in 1 Post
Groans: 0
Groaned at 0 Times in 0 Posts
Rep Power: 11
billions has a spectacular aura aboutbillions has a spectacular aura aboutbillions has a spectacular aura about
Default

I hv an EPS of abt 13k provided dey can make a profit of 1.2B naira.

Forward PE ratio is abt 27....some insurance companies hv a Forward PE dat is abt half of dis.

Cornerstone is a great compant but i dont know much abt d competence of d new CEO of d company.
__________________
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; 12th July 2008 at 06:44 PM.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #19 (permalink)  
Old 12th July 2008, 07:46 PM
kenebobo's Avatar
Rank: Senior Member
Points: 1,615, Level: 23
Points: 1,615, Level: 23 Points: 1,615, Level: 23 Points: 1,615, Level: 23
Activity: 0%
Activity: 0% Activity: 0% Activity: 0%
 
Join Date: Apr 2008
Posts: 309
Thanks: 0
Thanked 0 Times in 0 Posts
Groans: 0
Groaned at 0 Times in 0 Posts
Rep Power: 7
kenebobo is on a distinguished road
Default

Quote:
Originally Posted by billions View Post
I hv an EPS of abt 13k provided dey can make a profit of 1.2B naira.

Forward PE ratio is abt 27....some insurance companies hv a Forward PE dat is abt half of dis.

Cornerstone is a great compant but i dont know much abt d competence of d new CEO of d company.
According to Lead Capital their foward EPS is 27K and if you work with this it means their foward PE is below 15
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #20 (permalink)  
Old 12th July 2008, 08:36 PM
billions's Avatar
Rank: Senior Member
Points: 5,740, Level: 48
Points: 5,740, Level: 48 Points: 5,740, Level: 48 Points: 5,740, Level: 48
Activity: 0%
Activity: 0% Activity: 0% Activity: 0%
 
Join Date: May 2008
Posts: 2,028
Thanks: 1
Thanked 1 Time in 1 Post
Groans: 0
Groaned at 0 Times in 0 Posts
Rep Power: 11
billions has a spectacular aura aboutbillions has a spectacular aura aboutbillions has a spectacular aura about
Default

Quote:
Originally Posted by kenebobo View Post
According to Lead Capital their foward EPS is 27K and if you work with this it means their foward PE is below 15


...what was d outstanding shares used in the calcn?
__________________
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; 12th July 2008 at 09:13 PM.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
Reply



Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are Off



All times are GMT +1. The time now is 03:14 AM.


Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
SEO by vBSEO 3.3.0
StockMarketNigeria.comAd Management plugin by RedTyger
no new posts

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37