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  #1 (permalink)  
Old 24th December 2007, 09:28 PM
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Default Equity Life Insurance

I heard Equity Life Insurance will be doing an IPO next year - though not popular, i dont really care as long as there is GROWTH potential. The life business in the country is OK; but I am generally worried about the ownership structure. i think they will be doing public offer next year at 80kobo per share.

Also being relatively undercapitalized compared to the likes of lasaco and cornerstone - I strongly believe they will be acquired.

Does any one have any comments, or analysis or insights.
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  #2 (permalink)  
Old 24th December 2007, 10:23 PM
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Quote:
Originally Posted by chibiks View Post
I heard Equity Life Insurance will be doing an IPO next year - though not popular, i dont really care as long as there is GROWTH potential. The life business in the country is OK; but I am generally worried about the ownership structure. i think they will be doing public offer next year at 80kobo per share.

Also being relatively undercapitalized compared to the likes of lasaco and cornerstone - I strongly believe they will be acquired.

Does any one have any comments, or analysis or insights.
equity life insurance is a sister company of equity assurance, so if absorption will take place they readily have a company to take them up.
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Old 27th December 2007, 11:49 AM
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a question pls! without diverting attention, i will like to know what will be the effect of acquiring or absorption after one has purchased shares with this insurance company. positive or negative?
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Old 27th December 2007, 01:30 PM
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acquiring, absorption, and d other complex words aside. Equity life assurance is a full subsidiary of Equity Assurance group but really theres no group per say, just equity assurance. (just as u see zenith, oceanic, gtb result wt group and bank side by side, the bank usually contributes abt 95% of the earnings) Truth is except they intend to spin off the subsidiary and list it as a seperate entity the whole equity life assurance ipo wd be a mess due to cost allocation wt parent company
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Old 27th December 2007, 04:32 PM
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year im thinking it may not be worth it - plus their current PE ratio as a Group is not very encouraging.
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Old 1st April 2008, 12:44 PM
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Equity Assurance to increase capital to N7bn

The Punch: Equity Assurance to increase capital to N7bn
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Old 17th April 2008, 05:50 PM
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Default Sudden Rise in Price of Equity

I greet all in the house especially the gurus and the coodinators. Am glad to be part of this great forum. Pls if anybody know the reason for the sudden rise in the price of equity insurance, let the person inform me. I have the stock and it is for short term. Are they about to go on tec. suspension? Somebody help!
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Old 17th April 2008, 06:34 PM
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Quote:
Originally Posted by Edwin View Post
I greet all in the house especially the gurus and the coodinators. Am glad to be part of this great forum. Pls if anybody know the reason for the sudden rise in the price of equity insurance, let the person inform me. I have the stock and it is for short term. Are they about to go on tec. suspension? Somebody help!
Edwin,
Equity is planning a PO son, might not be unconnected with the recent rally.
Depending on your investment strategy, you may wanna hold on or offload.
Also depending on what price you entered and wat margins u have made, u might aslo want to ration your sale.
Hope this helps.

Cheers
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Old 18th April 2008, 03:50 PM
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Default Thank you

I entered in Jan. The deal is fair. I will offload. Thank you for your sharp and professional response.
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Old 23rd April 2008, 02:12 PM
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Post equity assurance IPO

equity assurance is coming out with good IPO and its right issues but i do nt when it is coming out for now but the right issues is #3.75 and IPO is #4.20this most be a good buy for investor well good for existing investors from #5.09 is a good offer
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Old 25th April 2008, 11:09 AM
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Default Equity

Please what is the tendency that the prices of Equity insurance will rise up. My stock brokers mistakenly bought large units for me and I'm scared their prices are declining, I'm investing on a short term
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Old 26th April 2008, 08:17 PM
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Wink Equity Assurance Will Be Coming Out With Thier Ipo Soon

Quote:
Originally Posted by Vanessa View Post
Please what is the tendency that the prices of Equity insurance will rise up. My stock brokers mistakenly bought large units for me and I'm scared their prices are declining, I'm investing on a short term
this stock has been placed on technical suspension and will not be moving either up or down until the proposed IPO of this company is concluded. i will also suggest you take a long term approach because the market is bearish & short term gains may not realy come.
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Old 9th May 2008, 12:16 PM
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Post Equity Assurance

when is the ipo coming up and who long will the suspention takes all will the price move to ten naira?
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Old 14th May 2008, 03:23 PM
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Default Equity Assurance

Quote:
Originally Posted by BLUEMONEY View Post
this stock has been placed on technical suspension and will not be moving either up or down until the proposed IPO of this company is concluded. i will also suggest you take a long term approach because the market is bearish & short term gains may not realy come.
does any 1 in the house no how long have they been on this suspension and when are they comin off it?
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Old 16th May 2008, 10:02 PM
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equity assurance profit 1st quarter,2008 ...Proshare News
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Old 16th May 2008, 10:03 PM
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the 1st quarter profit is quite good..d company has a good future post consolidation.
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Old 21st May 2008, 11:48 PM
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Question Equity Insurance

thus anybody have clue of whats going on with this stocks there has been no movement for weeks now, pls any one with news will be much welcome, i have this stocks that i bought with bank loan.
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Old 22nd May 2008, 12:00 AM
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Post

Quote:
Originally Posted by tgs View Post
thus anybody have clue of whats going on with this stocks there has been no movement for weeks now, pls any one with news will be much welcome, i have this stocks that i bought with bank loan.
Not moving because its on technical suspension... guess they were waiting to release results before PO, but given that the market has been flat they are probably engaged in some delay tactics in addition to official delay process of SEC and all institutions involved pre PO approval process...

Might not be bad for us- most coys delay in flat market situations.
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Old 22nd May 2008, 01:20 AM
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Question Equity Po

Quote:
Originally Posted by bwalaman View Post
Not moving because its on technical suspension... guess they were waiting to release results before PO, but given that the market has been flat they are probably engaged in some delay tactics in addition to official delay process of SEC and all institutions involved pre PO approval process...

Might not be bad for us- most coys delay in flat market situations.
thanks for your promt responce, are u in any way no the likely price they are coming out
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Old 3rd June 2008, 01:08 PM
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EQUITY ASSURANCE PLC
AUDITED ACCOUNTS FOR THE YEAR ENDED 31-12-2007
2007 2006 %CHANGE
GROSS PREMIUM N1.516b N225.631m 572
PROFIT BEFORE TAXATION N498.705m N55.872m 793
TAXATION (N53.664m) (N1.741m) (2982)
PROFIT AFTER TAXATION N445.041m N54.130m 722
PROPOSED DIVIDEND/SHARE 3.5KOBO CLOSURE DATE
JUNE 17TH TO JUNE 20TH 2008 PAYMENT DATE
TO BE ADVISED LATER.
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