Iei - Page 2

newton · #21 (**permalink**) 29th December 2007, 11:38 PM

The TS was placed at N1.93.

olusolakemmy · #22 (**permalink**) 30th December 2007, 08:01 AM

Quote:

Originally Posted by newton

The TS was placed at N1.93.

that was a mix up!!!!!!!!!!
i thought it was place at N1.88, that means the price after reconstruction will be N5.79 if the reduce the volume by 3. i think they might just summarised it at N6!!!!!!!!!!

but the good thing is that immediately after TS is lifted and trade resume, their might be a rally that will take the price to be the most expensive stock in the insurance sector
what do u all think?

chidiohaz · #23 (**permalink**) 30th December 2007, 10:50 AM

I quite agree that there would be a rally over the IEI Stocks thereby making it the most expensive stock in the insurance. But like all other stocks, it would still have to follow the up and down trend after the rally but not necessarily to come as low as the price it was before the reconstruction.

Again, I believe that all other stocks in the Insurance Sector would also rally following the capitalisation exercise that has been or seem to be successful. An average Insurance stock is see it to be around =N=10.00K by the 2nd or 3rd Quarter into the 2008 Fiscal year.

knightofdelta · #24 (**permalink**) 30th December 2007, 11:51 AM

I really hope the reconstruction does not take too long because I have a such a large volume of shares in this company. I am willing to sell to anybody on SMN who wants some units (at a premium of course!) and has an account with Crossworld securities when the reconstruction is over. Seriously!

The Knight of Delta.

olusolakemmy · #25 (**permalink**) 30th December 2007, 07:20 PM

Quote:

Originally Posted by knightofdelta

I really hope the reconstruction does not take too long because I have a such a large volume of shares in this company. I am willing to sell to anybody on SMN who wants some units (at a premium of course!) and has an account with Crossworld securities when the reconstruction is over. Seriously!

The Knight of Delta.

for a cross deal, i guess it can also take place between two brokers, intending buyer and seller do not have to be using same stockbroking firm to do cross deal.
after the reconstruction it will be available anyway, so i would someone want to buy at premium from you?????????????
well, it aslo depend on how scares the shares are.

newton · #26 (**permalink**) 30th December 2007, 08:14 PM

Yeah surely a share recon wd lead 2 some scarcity bcos the certificates of the PP were just released (abt a month) b4 the TS hence a large chunk still remains unverified and based on the huge vols just b4 d TS it seems most of the available units were mopped up by insiders!

crtide · #27 (**permalink**) 30th December 2007, 08:19 PM

Quote:

Originally Posted by newton

Yeah surely a share recon wd lead 2 some scarcity bcos the certificates of the PP were just released (abt a month) b4 the TS hence a large chunk still remains unverified and based on the huge vols just b4 d TS it seems most of the available units were mopped up by insiders!

Mopping up was serious, the daily volume traded was quite a lot for a while there

Taipan · #28 (**permalink**) 30th December 2007, 09:59 PM

Quote:

Originally Posted by knightofdelta

I really hope the reconstruction does not take too long because I have a such a large volume of shares in this company. I am willing to sell to anybody on SMN who wants some units (at a premium of course!) and has an account with Crossworld securities when the reconstruction is over. Seriously!

The Knight of Delta.

Are you serious? I just might be interested. Please let me know while I decide.

chidiohaz · #29 (**permalink**) 4th January 2008, 07:38 PM

I have fears that KnightofDelta would change his mind by the end of the IEI share reconstruction when he sees the value of his IEI stock. I have feelers that knightofdelta want to do "panic" offloading of his IEI stocks for wanting to cross deal when the reconstruction is over. I stand to be correct after the reconstruction exercise!

knightofdelta · #30 (**permalink**) 4th January 2008, 08:53 PM

Quote:

Originally Posted by chidiohaz

I have fears that KnightofDelta would change his mind by the end of the IEI share reconstruction when he sees the value of his IEI stock. I have feelers that knightofdelta want to do "panic" offloading of his IEI stocks for wanting to cross deal when the reconstruction is over. I stand to be correct after the reconstruction exercise!

The offer still stand. But Chidiohaz is on my black list. I will only accept N20 premium per unit for you.

The Knight of Delta.

chidiohaz · #31 (**permalink**) 4th January 2008, 11:29 PM

Quote:

Originally Posted by knightofdelta

The offer still stand. But Chidiohaz is on my black list. I will only accept N20 premium per unit for you.

The Knight of Delta.

Why am I on your black list cos' I pre-empted your moves or thinking? Well, I would wait till after the FS is lifted and the IEI stock re-listed then I will reiterate. Or do you know something about IEI that we don't???????

knightofdelta · #32 (**permalink**) 5th January 2008, 08:58 AM

Quote:

Originally Posted by chidiohaz

Why am I on your black list cos' I pre-empted your moves or thinking? Well, I would wait till after the FS is lifted and the IEI stock re-listed then I will reiterate. Or do you know something about IEI that we don't???????

Bro. Are you a lawyer? Or just a Nigerian?

If I decide to hold on to my stock... then you will be correct that you predicted that I would change my mind. If I sell to SMN members... then you are correct that I am doing panic selling.

Well, your punishment for second guessing me is that if for any reason I decide to sell, then I will sell to everybody except you. And if I decide to use my church mind and forgive you for commiting such a heinous crime, I will sell to you at N20 premium per unit.

The Knight of Delta.

Apache · #33 (**permalink**) 5th January 2008, 09:16 AM

Quote:

Originally Posted by knightofdelta

Bro. Are you a lawyer? Or just a Nigerian?

If I decide to hold on to my stock... then you will be correct that you predicted that I would change my mind. If I sell to SMN members... then you are correct that I am doing panic selling.

Well, your punishment for second guessing me is that if for any reason I decide to sell, then I will sell to everybody except you. And if I decide to use my church mind and forgive you for commiting such a heinous crime, I will sell to you at N20 premium per unit.

The Knight of Delta.

C'mon guys, we are supposed to be giving meaningful contributions here that will leave us more enlightened and informed. let us rest this and give more insights towards IEI.
Meanwhile, Wapic insurance has crossed the =N=10 mark. This is an indication of where insurance stocks will be heading (the good ones i mean including IEI)

chidiohaz · #34 (**permalink**) 5th January 2008, 10:05 AM

After the restructuring of IEI and the re-listing then I will make full analytical report about the Insurance stocks. For now

. Better analysis is better done based on the quarterly reports, half yearly or full year reports. So let us all wait for the nearest which is the quarterly.

No more comments from me, except something new comes up!

Babs_O · #35 (**permalink**) 5th January 2008, 01:15 PM

Since IEI restructuring is 1 for 3. And the suspension price was about N2, Its new listing price will be about N 6.0

I am waiting to buy little more immediately the suspension is lifted. As I see it easily making N 10 before the mid-year to end 2008, for the following reasons.

Its price to book on suspension is about 2.8 compared to industry average of 4.6 at the end of 2007. Its PE is still weak at about 45.5 based on all shares new and old. Considering that they raised so much money that is just being released the PE is bound to reduce sharply in 2008/9 especially if their consortium is lucky in cornering insuring the Oil business of which government is giving Nigerian Insurers some priviledges.

Avocado · #36 (**permalink**) 5th January 2008, 03:30 PM

Babs_O: thanks for your post. The low PB ratio compared to industry is interesting, and as you'd written, could be interpreted to mean that the stock has got potential. But, since PB ratio is a function of "intangible assets" (aka goodwill??) this is tacky, unless it is strictly zero (or at least close to zero, or insignificant compared with assets and liabilities) in the books, isn't the PB ratio a tough measure? This is a general question; its significance wrt a specific stock becomes irrelevant if the level of "intangible assets" in the insurance sector is comparable.

Cheers.

Avocado · #37 (**permalink**) 5th January 2008, 03:57 PM

Quote:

Its PE is still weak at about 45.5 based on all shares new and old.

Babs_O, per the PE for INTENEGINS: I'll suppose this is a forward PE; if yes, on what projected PAT is it based? I've a projected PAT of about 787M based on 3Q07 results (linear projection). But the major figure I'll like to confirm is the number of shares outstanding (pre-full suspension). Could you please share?

My arithmetic is that if the (forward) PE of 45.5 you gave is correct, shares outstanding should be in excess of 18B. The figure I have for shares outstanding is 3B less than that; of course, I'm nost sure of this number; any help?

Cheers.