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-   -   Mansard Insurance Plc (Formerly Guaranty Trust Assurance Plc) (http://www.stockmarketnigeria.com/forums/insurance-stocks/894-mansard-insurance-plc-formerly-guaranty-trust-assurance-plc.html)

faoogoke 7th January 2008 10:59 AM

Mansard Insurance Plc (Formerly Guaranty Trust Assurance Plc)
 
ALL,
The gist is the GTA intends to raise it's share capital from N5B to N13B between now and the next month.
I do not know anyother way that can be accopmlished except thru PP.
Member are advised to put their ears on the ground.

Cheers.

Apache 7th January 2008 12:25 PM

I thought they just concluded one some months ago:confused:

riskreturn 7th January 2008 12:26 PM

Quote:

Originally Posted by faoogoke (Post 9627)
ALL,
The gist is the GTA intends to raise it's share capital from N5B to N13B between now and the next month.
I do not know anyother way that can be accopmlished except thru PP.
Member are advised to put their ears on the ground.

Cheers.

We do not have to jump into conclusion too quickly as the parent company, GTB, may inject the additional capital into it. GTB, unlike Wema Bank or UBN, has never publicly indicated its interest to list any of its subsidiaries in the stock exchange.

faoogoke 7th January 2008 01:09 PM

I agree with you risk return. GTBank would probably be pumping the increase in share capital.
Eventually, many of those bank will list their subsidiaries as I heard UBA plans to do, and as a condition of the NSE must raise some capital by pp before being considered for listing.
How soon? only time will tell.

newton 7th January 2008 02:24 PM

Surely, as their subsidiaries get bigger n earn beta bucks they'd need to spinn off. So lets look at year end for some bank subsidiaries pp

Doyin 8th January 2008 08:33 AM

Gta
 
Since GTA has just done a private placement, I expect that they would be doing an Initial Public Offer soon.
I heard that the private placement was very profitable for its investors too.

prince dagbolu 14th May 2008 06:31 PM

Gta
 
I gathered from two reliable sources 2 weeks ago that GTA are about to undertake a rights offer. Does anyone have any information about this rights offer?

JB7 27th May 2008 06:09 PM

Does anyone have any info on GTA's proposed Right issue? How can one get in on it? Is it possible to get someone that took part in the PP but is not interested in the rights? I am interested

faoogoke 28th May 2008 08:07 AM

Quote:

Originally Posted by JB7 (Post 19411)
Does anyone have any info on GTA's proposed Right issue? How can one get in on it? Is it possible to get someone that took part in the PP but is not interested in the rights? I am interested

The rights issue is for current shareholders iin the company. You'll have to wait till the shares are listed to get a bite.

prince dagbolu 28th May 2008 06:24 PM

Quote:

Originally Posted by faoogoke (Post 19473)
The rights issue is for current shareholders iin the company. You'll have to wait till the shares are listed to get a bite.

Faoogoke,

I have GTA shares already. Do you know when the Rights Offer starts. Please let me know.

5959olu 28th May 2008 08:38 PM

You can check this on SEC website under Current issues

prince dagbolu 29th May 2008 06:39 PM

Quote:

Originally Posted by 5959olu (Post 19568)
You can check this on SEC website under Current issues

Thank you so much 5959olu. I am still trying to get into the SEC Website. Its kind of difficult to access it. But, i will keep trying.

newton 29th May 2008 07:03 PM

Quote:

Originally Posted by prince dagbolu (Post 19637)
Thank you so much 5959olu. I am still trying to get into the SEC Website. Its kind of difficult to access it. But, i will keep trying.

Try this link... New Issues Underprocessing

just check it and it easy 2 access

prince dagbolu 31st May 2008 01:38 PM

Quote:

Originally Posted by newton (Post 19643)
Try this link... New Issues Underprocessing

just check it and it easy 2 access


Thanks Newton. I have been trying this site as well but cannot get through. I will keep trying for a few more days.

polosco 1st June 2008 08:29 PM

Quote:

Originally Posted by prince dagbolu (Post 19807)
Thanks Newton. I have been trying this site as well but cannot get through. I will keep trying for a few more days.

Just try more cos i've been to it several times from the link above and it opened on each trial. Best of luck...............

prince dagbolu 14th July 2008 08:48 PM

Please does anyone know if GTA paid any divided/bonus this year?

japo 17th July 2008 09:24 AM

Yes they did l believe 9kobo

prince dagbolu 24th July 2008 07:18 PM

Quote:

Originally Posted by japo (Post 25094)
Yes they did l believe 9kobo

Thanks Japo

prince dagbolu 31st July 2008 07:53 PM

Quote:

Originally Posted by prince dagbolu (Post 25861)
Thanks Japo

Japo, i received my cheque recently.They paid 6 kobo per Unit.

prince dagbolu 30th August 2008 04:17 PM

re: Mansard Insurance Plc (Formerly Guaranty Trust Assurance Plc)
 
I read in the Business Day that GTA are about to emback on a Rights Offer to Shareholders on the Register as at 23rd October 2007. The price will be N1.25. You can buy 1 share for every 4 you already have.


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