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  #641 (permalink)  
Old 3rd June 2011, 11:30 PM
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Default Re: Aiico

Quote:
Originally Posted by Vincenta11 View Post
Pls where can I get the bid and offer figures for traded stocks daily and also the price history over say thtree years before. the cscs site is not reliable
You can try proshareng.com. Data there is much more reliable than the cscs'.
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  #642 (permalink)  
Old 12th July 2011, 11:41 PM
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Default Re: Aiico

aaiiccoo @69....
I may be entering tomorrow but it so funny, one might thought its cheap at .69 whereas its heading to .50k...

Even WARREN BUFFET self go tire for this marketoooo
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  #643 (permalink)  
Old 13th July 2011, 03:09 AM
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Default Re: Aiico

Quote:
Originally Posted by 1himself View Post
aaiiccoo @69....
I may be entering tomorrow but it so funny, one might thought its cheap at .69 whereas its heading to .50k...

Even WARREN BUFFET self go tire for this marketoooo
With the spate of bombings, arson, flood and violence in the country, the insurance companies may be threatened!
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  #644 (permalink)  
Old 13th July 2011, 06:46 PM
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Default Re: Aiico

Quote:
Originally Posted by MalamImam View Post
With the spate of bombings, arson, flood and violence in the country, the insurance companies may be threatened!
Why are people still interested in the Nigerian insurance companies? Most of them are poorly managed, lacks accountability and efficient risk management systems. They are mostly under-capitalized, myopic in their business strategies, operate in a most difficult environment, and thus mostly under-perform.

Whilst there are great potentials in the sector, the attainment of success will depend on the capacity of the regulatory and governmental bodies to free and improve the insurance space, unearth the latent energy in the industry and strengthen its growth possibilities.
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  #645 (permalink)  
Old 14th July 2011, 08:26 AM
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Default Re: Aiico

Quote:
Originally Posted by MalamImam View Post
Why are people still interested in the Nigerian insurance companies? Most of them are poorly managed, lacks accountability and efficient risk management systems. They are mostly under-capitalized, myopic in their business strategies, operate in a most difficult environment, and thus mostly under-perform.

Whilst there are great potentials in the sector, the attainment of success will depend on the capacity of the regulatory and governmental bodies to free and improve the insurance space, unearth the latent energy in the industry and strengthen its growth possibilities.
This broad statement is not applicable to all the insurance companies. There are some of them that are definitely well run and the market knows them. Gross premiums seem to be on the increase over the past few years and this trend is expected to continue especially with enforcement of insurance for certain economic activities expected to start before the ending of this year.

Couple this with foreign flow of investment that is bound to happen if the Prime Minister puts her acts together (I have 85% confidence that she will). These foreign investors will demand for better insurance regulation since the FG seems to be on the move to ensure this local content policy in the sector.

Ability to spot the well run companies in the rough will be a value added activity in the medium term before the bulls enter the insurance space. It is bound to happen; it is when that I am not sure of.
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  #646 (permalink)  
Old 29th July 2011, 07:33 PM
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Default Re: Aiico

Aiico Insurance Plc declares N1.5 billion PAT in Q2 2011 result.

https://www.proshareng.com/news/14353
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  #647 (permalink)  
Old 29th July 2011, 08:04 PM
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Default Re: Aiico

Quote:
Originally Posted by Oracle View Post
Aiico Insurance Plc declares N1.5 billion PAT in Q2 2011 result.

https://www.proshareng.com/news/14353
Yeah...17.6% increase in turnover and 62.7% increase in trade debtors! I wonder how much of this will be collected by year end. There will probably be reversals and its only then that we will know the true position!
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  #648 (permalink)  
Old 30th July 2011, 01:53 AM
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Default Re: Aiico

Quote:
Originally Posted by PropTrader View Post
Yeah...17.6% increase in turnover and 62.7% increase in trade debtors! I wonder how much of this will be collected by year end. There will probably be reversals and its only then that we will know the true position!
hope they didn't just convert some asset into profit
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  #649 (permalink)  
Old 18th October 2011, 01:50 PM
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Default Re: Aiico

AIICO INSURANCE PLC
October 18, 2011
Unaudited Q3 (Sept. 2011)
Profit and Loss Information
Gross Premium 30/09/2011 N13.507b 30/09/2010 N11.101b Profit Before Tax 11 N1.511b 10 N1.754b Taxation 11 (N181.952m) 10 (N112.655m) Profit After Tax 11 N1.329b 10 N1.641b
Balance Sheet Information
Fixed Assets 330/09/2011 N3.974b 31/12/2010 N3.276b Long term Investments 11 N9.335b 10 N11.340b Short term Investments 11 N4.518b 10 N5.844b Trade Debtors 11 N2.806b 10 N1.550b Cash and Bank Balances 11 N2.058b 10 N1.919b Other Debit Balances 11 N5.996b 10 N5.284b Insurance Funds 11 N11.014b 10 N8.525b Short Term Borrowings 11 N450.884m 10 N685.568m Net Assets 11 N6.148b 10 N5.979b
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  #650 (permalink)  
Old 20th October 2011, 06:44 AM
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Default Re: Aiico

AIICO Settles N2.4b Claims In Eight Months | Leadership Newspapers
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  #651 (permalink)  
Old 27th October 2011, 07:29 AM
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Default Re: Aiico

AIICO Insurance Records 23% Drop In Earnings | Leadership Newspapers
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  #652 (permalink)  
Old 12th November 2011, 07:03 AM
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Default Re: Aiico

Aiico Insurance Q3 Profit Hits N1.51bn, Articles | THISDAY LIVE
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  #653 (permalink)  
Old 13th December 2011, 07:50 PM
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Default Re: Aiico

These guys made Q2 profits of N1.49b so how can Q3 profits be N1.5b
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  #654 (permalink)  
Old 22nd December 2011, 11:23 AM
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Default Re: Aiico

Why is this company on offer even at car park

Last edited by goldsun; 22nd December 2011 at 11:36 AM.
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  #655 (permalink)  
Old 28th December 2011, 06:51 AM
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Default Re: Aiico

While going through the annual report of this company i noticed that from 2006 to 2009 as i don't have 2010, it add the taxation to it PBTin other to get the PAT, I wonder how tax can be an income. Most of the time a loss before tax would now be turn into profit after taxation in thier report. Could someone pls explain how this is possible
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  #656 (permalink)  
Old 28th December 2011, 12:37 PM
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Default Re: Aiico

Quote:
Originally Posted by goldsun View Post
While going through the annual report of this company i noticed that from 2006 to 2009 as i don't have 2010, it add the taxation to it PBTin other to get the PAT, I wonder how tax can be an income. Most of the time a loss before tax would now be turn into profit after taxation in thier report. Could someone pls explain how this is possible
When a company generates loss before tax, there is usually a tax rebate that will help reduce the level of loss... then you will notice that the PAT is higher than the PBT.
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  #657 (permalink)  
Old 9th January 2012, 06:13 AM
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Default Re: Aiico

Aiico Insurance enhances pension benefits in annuity plan
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  #658 (permalink)  
Old 13th February 2012, 12:22 AM
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Default Re: Aiico

AIICO Insurance pays N8.6bn claims
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  #659 (permalink)  
Old 24th March 2012, 10:58 AM
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Default Re: Aiico

Insurers? capacity to underwrite oil, gas insurance low, says report
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  #660 (permalink)  
Old 20th April 2012, 02:57 PM
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Default Re: Aiico

Just been informed that AIICO has proposed a dividend payment of N0.06k.........not a bad return for a 50k stock...
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