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OASIS INSURANCE PLC
10 June 2010 Q3 (September) 2010 Earning Forecast Forecast Profit and Loss Information Gross Premium 10 N250m PBT 10 N155m Forecast Tax 10 (N46.500m) PAT 10 N108.500m Cash Flow Information Net Cash Generated From Operating Activities 10 N88.771m Cash Flow From Investing Activities 10 (N79.500m) Net Decrease in Net Cash and Cash Equivalents 10 N9.271m Cash/Bank Balance at the Beginning of the Period 10 N41.123m Cash/Bank Balance at the End of the Period 10 N50.395m
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You can not play symphonies until you have first mastered the notes.
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OASIS INSURANCE PLC
21 September 2010 Audited Year Ended (December) 2009 Profit and Loss Information Turnover 09 N895.075m 08 N558.403m PBT And Extraordinary Items 09 (N39.140m) 08 (N177.604m) Exceptional Items 09 Nil 08 (N652.020m) Tax 09 (N56.397m) 08 (N20.053m) PAT 09 N95.537m 08 (N849.677m) Balance Sheet Information Fixed Assets 09 N583.998m 08 N496.385m Stock 09 N50m 08 Nil Cash And Bank Balances 09 N44.255m 08 N19.967m Other Debit Balances 09 N1.966b 08 N2.281b Trade Creditors 09 N14.941m 08 N4.514m Short Term Borrowings 09 N7.267m 08 N2.458m Other Credit Balances 09 N340.867m 08 N436.231m Net Assets 09 N3.027b 08 N3.122b
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You can not play symphonies until you have first mastered the notes.
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"Res tantum valet quantum vendi potest" |
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Full Year Result
.......................Premium..............PBT... ...........TAX............PAT 31 Dec 2010......N1.226B............N97.906M.........XXXX .........N97.903M 31Dec 2009.......N895.075M........-39.140M.........-56.397M....-95.537M Oasis is declaring a profit too? hmmmmmm
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“The market can remain irrational longer than you can remain solvent.” - John Maynard Keynes |
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The cheapest stock in an overvalued market may still be overvalued |
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OASIS INSURANCE PLC
April 23, 2012 Audited Results (Dec. 31, 2011) Profit and Loss Information Gross Premium 31-12-11 N1.471b 31-12-10 N1.226b Net Premium Earned 11 N1.294b 10 N1.076b Net Claims Incurred 11 (N200.620m) 10 (N153.875m) Underwriting Profit 11 N858.384m 10 N730.521m Investment & Other Income 11 (N51.433m) 10 N12.387m Management Expenses & Provision for doubtful Accounts 11 (N686.667m) 10 (N645.002m) Profit before Tax 11 N120.348m 10 N97.906m Taxation 11 (N13.387m) 10 (N12.693m) Profit after Tax 11 N106.387m 10 N85.213m Balance Sheet Information Fixed Assets 31-12-11 N1.083b 31-12-10 N1.118b Investment in Properties & Long Term Investments 11 N1.073b 10 N1.163b Short term Investments 11 N715.965m 10 N558.192m Premium Debtors 11 N462.303m 10 N371.395m Cash and Bank Balances 11 N59.520m 10 N58.840m Other Debit Balances 11 N730.220m 10 N357.838m Insurance Fund & Outstanding Claims 11 N430.642b 10 N310.667m Other Credit Balances 11 N115.424m 10 N145.770m Net Assets 11 N4.124b 10 N3.928b Corporate Actions Proposed Dividend Nil Proposed Bonus Nil Qualification Date Nil Closure Date Nil AGM Date Nil Payment Date Nil AGM Venue Nil Notes
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“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”-William Arthur Ward |
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__________________
“The market can remain irrational longer than you can remain solvent.” - John Maynard Keynes |
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