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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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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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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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Equity Assurance to increase capital to N7bn
The Punch: Equity Assurance to increase capital to N7bn
__________________
“The market can remain irrational longer than you can remain solvent.” - John Maynard Keynes |
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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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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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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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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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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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equity assurance profit 1st quarter,2008 ...Proshare News
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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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Might not be bad for us- most coys delay in flat market situations. |
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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.
__________________
“The market can remain irrational longer than you can remain solvent.” - John Maynard Keynes |
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