Disclaimer     Advertise on this site     Contact Us     About Us        

Sponsored links:       Brian Tracy       careersnigeria - connecting job candidates with recruiters



     

Go Back   StockMarketNigeria.com Forums > Nigerian Stocks > Insurance Stocks
Calculator Register FAQ Members List Calendar Search Today's Posts Mark Forums Read About us

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

Welcome to the StockMarketNigeria.com Forums.

Free Ebook

Welcome to StockMarketNigeria.com, Nigeria's foremost online investors forum.

You are currently viewing our boards as a guest. This does not allow you access to the FREE resources we have to give away. By registering on our free online forum, you'll get the popular Ebook "The Beginners Guide to Investing in the Nigerian Stock Market", completely FREE. You will also be able to post topics, communicate privately with other members (through private messages), respond to polls, and access many other special features.

Registration is quick, easy and absolutely free. Click here to register on our forums now!

If you have any problems with the registration process or your account login, click here to contact us

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 Display Modes
  #1 (permalink)  
Old 16th September 2007, 12:39 AM
Forum Moderator
 
Join Date: Aug 2007
Location: Philadelphia, USA
Posts: 440
Rep Power: 2
pumping is on a distinguished road
Thanks: 0
Thanked 1 Time in 1 Post
Send a message via Yahoo to pumping
Question Law Union and Rock Insurance

Law Union and Rock declared N274 Million PAT UNAUDITED HALF-YEAR RESULT FOR THE PERIOD ENDED 30 JUNE 2007.
Current price is N3.68.
Can someone confirm the number of outstanding shares?
The figure I have is around 2.8 billion based on the last IPO but I don't know if it was fully subscribed...

Enjoy.

Pumping.
__________________
Enjoy.

Pumping.

Most people get interested in stocks when everyone else is. The time to get interested is when no one else is. You can't buy what is popular and do well.

-Warren Buffet-
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
Sponsored Links
  #2 (permalink)  
Old 17th September 2007, 11:41 AM
Member
 
Join Date: Jul 2007
Posts: 87
Rep Power: 2
Survival2006 is on a distinguished road
Thanks: 0
Thanked 0 Times in 0 Posts
Default

Pumping I have a host of conflicting information regarding LAW Union outstanding shares, likely because of the dearth of accurate information on the last IPO subscription.

What I do have are these:

700million pre IPO
3.1billion post IPO

And it is said that the IPO was over-subscribed by about 135%, if that is true, the later figure of 3.1b may be close to their share outstanding. Anyways I have always used 3.5billion which puts me on a safer side of their PE ratio.

What I so much like about LAW Union is their strong IT connections. If they can improve on their branch network, it promises to be one great Insurance firm. What with their foreign partner!
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #3 (permalink)  
Old 17th September 2007, 09:46 PM
Forum Moderator
 
Join Date: Aug 2007
Location: Philadelphia, USA
Posts: 440
Rep Power: 2
pumping is on a distinguished road
Thanks: 0
Thanked 1 Time in 1 Post
Send a message via Yahoo to pumping
Thumbs up

Survival2006,

Thanks for this information. I can work with these figures too..
__________________
Enjoy.

Pumping.

Most people get interested in stocks when everyone else is. The time to get interested is when no one else is. You can't buy what is popular and do well.

-Warren Buffet-
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #4 (permalink)  
Old 16th October 2007, 10:25 PM
Forum Moderator
 
Join Date: Aug 2007
Location: Philadelphia, USA
Posts: 440
Rep Power: 2
pumping is on a distinguished road
Thanks: 0
Thanked 1 Time in 1 Post
Send a message via Yahoo to pumping
Thumbs up

Survival2006,

I got a figure of 3.437B shares from a post by easimoni on Nairaland which makes you a genius of permutations....based on your choice of 3.5 billion shares...
__________________
Enjoy.

Pumping.

Most people get interested in stocks when everyone else is. The time to get interested is when no one else is. You can't buy what is popular and do well.

-Warren Buffet-
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #5 (permalink)  
Old 17th October 2007, 12:05 PM
Member
 
Join Date: Jul 2007
Posts: 87
Rep Power: 2
Survival2006 is on a distinguished road
Thanks: 0
Thanked 0 Times in 0 Posts
Default Law Union 9-month Result

Quote:
Originally Posted by pumping View Post
Survival2006,

I got a figure of 3.437B shares from a post by easimoni on Nairaland which makes you a genius of permutations....based on your choice of 3.5 billion shares...
And the good news! Law Union has come out with a 9-month result of N537m. Wish the price will lower to say N2.80-N3.00. With that a try would have been nice for a 6-9month profit taking. Their turn-over is equally fantastic, a little more than Niger's.

They have plans though to come to the market soon, also with MBA.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #6 (permalink)  
Old 26th May 2008, 08:54 AM
Forum Moderator
 
Join Date: Aug 2007
Location: Illinois, USA
Posts: 2,491
Rep Power: 6
hispy99 has a spectacular aura abouthispy99 has a spectacular aura abouthispy99 has a spectacular aura about
Thanks: 3
Thanked 19 Times in 19 Posts
Default

Law Union aims to exceed target

The Punch: Law Union aims to exceed target
__________________
“The market can remain irrational longer than you can remain solvent.” - John Maynard Keynes
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #7 (permalink)  
Old 12th June 2008, 08:32 AM
Forum Moderator
 
Join Date: May 2008
Posts: 1,668
Rep Power: 3
billions will become famous soon enoughbillions will become famous soon enough
Thanks: 4
Thanked 13 Times in 12 Posts
Default

Pls is it safe to assume that law/union insurance has less than 3.5b shares outstanding?

My experience in Lasaco was not palatable as a result of using a wrong figure for d number of outstanding shares.

Thanks.
__________________
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
  #8 (permalink)  
Old 12th June 2008, 08:57 AM
Forum Moderator
 
Join Date: Aug 2007
Location: Illinois, USA
Posts: 2,491
Rep Power: 6
hispy99 has a spectacular aura abouthispy99 has a spectacular aura abouthispy99 has a spectacular aura about
Thanks: 3
Thanked 19 Times in 19 Posts
Default

Quote:
Originally Posted by billions View Post
Pls is it safe to assume that law/union insurance has less than 3.5b shares outstanding?

My experience in Lasaco was not palatable as a result of using a wrong figure for d number of outstanding shares.

Thanks.

I have 3.44B shares. Be careful with insurance companies though, the sector is a minefield (in terms of shocking you with shares outsanding) from what I have gathered by reading posts on our sister forum.
__________________
“The market can remain irrational longer than you can remain solvent.” - John Maynard Keynes
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #9 (permalink)  
Old 12th June 2008, 10:19 AM
Forum Moderator
 
Join Date: May 2008
Posts: 1,668
Rep Power: 3
billions will become famous soon enoughbillions will become famous soon enough
Thanks: 4
Thanked 13 Times in 12 Posts
Default

Quote:
Originally Posted by hispy99 View Post
I have 3.44B shares. Be careful with insurance companies though, the sector is a minefield (in terms of shocking you with shares outsanding) from what I have gathered by reading posts on our sister forum.
Thx bro!

I just placed an order for a large number of units of IEI and law/union insurance....i hope i will not get my fingers burnt again.

One of my attractions to law/union is that i believe that there is a strong synergy bw banking and insurance...skye bank owns d company.

Well,...i decided to be greedy when others are fearful.I hope that greed will not kill me.Help me to say amen!
__________________
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
  #10 (permalink)  
Old 12th June 2008, 10:33 AM
Forum Moderator
 
Join Date: Aug 2007
Location: Illinois, USA
Posts: 2,491
Rep Power: 6
hispy99 has a spectacular aura abouthispy99 has a spectacular aura abouthispy99 has a spectacular aura about
Thanks: 3
Thanked 19 Times in 19 Posts
Default

Quote:
Originally Posted by billions View Post
Thx bro!

I just placed an order for a large number of units of IEI and law/union insurance....i hope i will not get my fingers burnt again.

One of my attractions to law/union is that i believe that there is a strong synergy bw banking and insurance...skye bank owns d company.

Well,...i decided to be greedy when others are fearful.I hope that greed will not kill me.Help me to say amen!
In fact, since we're all coming to chop in your big house, I will say it 3 times..AMEN, AMEN,AMEN
__________________
“The market can remain irrational longer than you can remain solvent.” - John Maynard Keynes
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #11 (permalink)  
Old 12th June 2008, 10:51 AM
Forum Moderator
 
Join Date: May 2008
Posts: 1,668
Rep Power: 3
billions will become famous soon enoughbillions will become famous soon enough
Thanks: 4
Thanked 13 Times in 12 Posts
Default

Quote:
Originally Posted by hispy99 View Post
In fact, since we're all coming to chop in your big house, I will say it 3 times..AMEN, AMEN,AMEN

If i can make 25% profit on this, i will be in a position to entertain u and knightofdelta but i know that i cannot satisfy knightofdelta....his taste is too high.

Apache is always welcome bk his taste is the same with mine when i was 5yrs old...eba,amala,fufu,iyan,biscuit,sweet,etc!!!

Thx for the amens.
__________________
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
  #12 (permalink)  
Old 12th June 2008, 11:32 AM
Forum Moderator
 
Join Date: Aug 2007
Location: Illinois, USA
Posts: 2,491
Rep Power: 6
hispy99 has a spectacular aura abouthispy99 has a spectacular aura abouthispy99 has a spectacular aura about
Thanks: 3
Thanked 19 Times in 19 Posts
Default

Quote:
Originally Posted by billions View Post
If i can make 25% profit on this, i will be in a position to entertain u and knightofdelta but i know that i cannot satisfy knightofdelta....his taste is too high.

Apache is always welcome bk his taste is the same with mine when i was 5yrs old...eba,amala,fufu,iyan,biscuit,sweet,etc!!!

Thx for the amens.
Chei, Apache, defend yourself, or is it true? When I land Lagos, I will stop by my local store and buy you plenty "Trebor" , "Tom-Tom" and "Bazooka Joe" (why did they stop making that gum sef?)
__________________
“The market can remain irrational longer than you can remain solvent.” - John Maynard Keynes
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #13 (permalink)  
Old 12th June 2008, 11:58 AM
Forum Moderator
 
Join Date: May 2008
Posts: 1,668
Rep Power: 3
billions will become famous soon enoughbillions will become famous soon enough
Thanks: 4
Thanked 13 Times in 12 Posts
Default

Quote:
Originally Posted by hispy99 View Post
Chei, Apache, defend yourself, or is it true? When I land Lagos, I will stop by my local store and buy you plenty "Trebor" , "Tom-Tom" and "Bazooka Joe" (why did they stop making that gum sef?)
Pls dont inform apache abt my comment o.I no think say he dey buy insurance stocks...so, he will never check this thread.
The stocks he dey buy NOW na costain,dangote sugar and beta glass.
__________________
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 : 23rd June 2008 at 09:11 PM.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #14 (permalink)  
Old 13th June 2008, 10:16 AM
Forum Moderator
 
Join Date: May 2008
Posts: 1,668
Rep Power: 3
billions will become famous soon enoughbillions will become famous soon enough
Thanks: 4
Thanked 13 Times in 12 Posts
Default

Pls, does anyone hv an idea of when skye bank acquired 51% of law union insurance plc or the effect of the acquisition on the 3.5b units of outstanding shares of the company?Thx.
__________________
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
  #15 (permalink)  
Old 23rd June 2008, 08:57 PM
Forum Moderator
 
Join Date: May 2008
Posts: 1,668
Rep Power: 3
billions will become famous soon enoughbillions will become famous soon enough
Thanks: 4
Thanked 13 Times in 12 Posts
Default

There are indications that shareholders of Law Union & Rock Insurance plc are in for robust dividend pay out, for the financial year ended December 31 2007, if figures from the market are anything to go by.
Capital market sources said that Law Union is considering a dividend payout to reward its loyal and committed shareholders, who demonstrated confidence in the company in the past years.

Analysts attributed the planned dividend payout to the company’s impressive performance in all its financial indicators for the period under review. The analysts said though the company has not released its financial report for last financial year report obtained from the market indicated that the company’s gross premium may be up by more than 100 percent from the N1.25 billion gross premium recorded in the corresponding period of 2006. It also shows that the pre-tax profit was doubled as against the pervious year’s figure of N272.85 million recorded as at December 2006.

The report revealed that Law Union’s net premium income in the period under reference is likely to grow by more than 65 percent against the N1.02 billion recorded in the corresponding period of 2006.

Analysts said there is no doubt that Law Union would report improvement in all its health indicators, which is consistent with its performance recorded in the last four years.

The analysts said the improved outing of the company may not be unconnected with the bullish performance of Law Union & Rock in recent years to the process upgrade and overall re-engineering of the company which started in 2004. The company has posted impressive numbers following the implementation of the turnaround project.


Law Union during the year also kept to its policy of prompt response to valid claims from policyholders. The company’s claims settlement to policyholders rose by mere 17 per cent to N438.9 million as against N373 million posted in 2006 financial year, an indication that it has strong risk management profile.


Olumide Falohun, managing director and chief executive officer of the company had said that the claims payout of the firm was a demonstration of the company’s competence and good track in claims management.


Of the company’s total income, Motor accident contributed the largest amount to the pool followed by fire accident while miscellaneous accident and goods in transit came third and fourth respectively.


Analysts say with a capital base of more than N5 billion, Law Union & Rock is well positioned to play in the big league in the Nigerian insurance market. The company has stroked up alliances at home and abroad to position itself for bigger market challenges. It is one of the six Nigerian underwriters that recently formed the First Energy Insurance Consortium which was officially launched in Lagos on November 16 2007. The consortium is targeted at big insurable risks in the oil & gas sector.

Law Union & Rock Insurance is owned by Nigerian individual and institutional investors. The institutional investors include Skye Bank, Consolidated Discounts Limited, and Swede Control Intertek. Law Union & Rock is one of Nigeria’s oldest insurance firms. Over the years the company has developed a strong capability in engineering insurance, including oil & gas. By its relationship with Skye Bank, Law Union & Rock has evolved a plan to explore the mass market, using the bank’s huge branch network in the country as access points. The insurance firm is also expanding its network of branches throughout the country.
__________________
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 : 23rd June 2008 at 10:44 PM.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #16 (permalink)  
Old 23rd June 2008, 08:59 PM
Forum Moderator
 
Join Date: May 2008
Posts: 1,668
Rep Power: 3
billions will become famous soon enough