Standard Alliance

[nosa2]

Originally Posted by pegheneji

anyway using an estimated full yr of 1.3b, and outstanding shares of 8,219,689,000.00 (STANDARD ALLIANCE INSURANCE PLC - Investors Relations), i have an estimated P/E of 3.2.

outstanding shares is: 5,312,425,762 STACO INSURANCE PLC - Investors Relations ,I used the wrong company link, thanks

[goldsun]

Originally Posted by pegheneji

this should av been a good buy but we it is a bit dilficult using the 3rd quater to judge the full year, because a huge profit of N1.6b of 3rd q last yr turned to a loss of 5b in full yr audited. for risk takers you may go in b/c it has the chance of providing those Voodo returns of early 2008 if the result is genuine good % paid as divident. but for so carefull investors you may go for a safe stock. as for me, this is the type of stock i like b/c i feel the 20%or 40% gain is not worth the battle i have with my broker wen buying or selling. i bought load of them at 50/52k but i may pick more.

but with the volume that was traded yesterday, it may be scarce.

[pegheneji]

Originally Posted by goldsun

but with the volume that was traded yesterday, it may be scarce.

yeah! use the information provided so far to make i decision. investing in stock is about learning from mistakes. Goodluck

[cashrules]

Originally Posted by goldsun

but with the volume that was traded yesterday, it may be scarce.

Guy...I would personally not involve my self with any Insurance with an audited loss for 2009. I dont believe one bit in any unaudited result from this sector.

[joy111]

i will like 2 kn if there any good news
why the deals and Volume Standard Alliance is going up 4 past one week

[solo66]

STANDARD ALLIANCE INSURANCE PLC
October 14, 2011
Audited (Year-End Dec 2010)
Profit and Loss Information
Gross Premium 30/12/2010 N3.782b 31/12/2009 N3.158b Profit Before Tax and Exceptional Items 10 (N1.986b) 09 N1.016b Exceptional Items 10 (N6.427b) 09 (N6.719b) Taxation 10 (N109.802m) 09 (N140.923m) Profit After Tax 10 (N8.551b) 09 (N5.858bb)
Balance Sheet Information
Fixed Assets 31/12/2010 N1.131b 31/12/2009 N968.723b Long term Investments 10 N1.399b 09 N2.539b Stocks 10 N4.908b 09 N10.889b Trade Debtors 10 N1.569b 09 N2.378b Cash and Bank Balances 10 N76.939m 09 N80.518b Other Debit Balances 10 N1.656b 09 N1.886b Insurance funds 10 N726.143m 09 N545.599m Short Term Borrowings 10 N31.626m 09 N3.667m Net Assets 10 N2.278b 11 N1.760b

[Oracle]

Originally Posted by solo66

STANDARD ALLIANCE INSURANCE PLC
October 14, 2011
Audited (Year-End Dec 2010)
Profit and Loss Information
Gross Premium 30/12/2010 N3.782b 31/12/2009 N3.158b
Profit Before Tax and Exceptional Items 10 (N1.986b) 09 N1.016b
Exceptional Items 10 (N6.427b) 09 (N6.719b)
Taxation 10 (N109.802m) 09 (N140.923m)
Profit After Tax 10 (N8.551b) 09 (N5.858bb)

Balance Sheet Information

Fixed Assets 31/12/2010 N1.131b 31/12/2009 N968.723b
Long term Investments 10 N1.399b 09 N2.539b
Stocks 10 N4.908b 09 N10.889b
Trade Debtors 10 N1.569b 09 N2.378b
Cash and Bank Balances 10 N76.939m 09 N80.518b
Other Debit Balances 10 N1.656b 09 N1.886b
Insurance funds 10 N726.143m 09 N545.599m
Short Term Borrowings 10 N31.626m 09 N3.667m
Net Assets 10 N2.278b 11 N1.760b

Hope this stock is already at the car park??

[gbengus]

Been at the car park for a long time, one of my sticky stocks,nobody to buy it.

[cashrules]

Originally Posted by Oracle

Hope this stock is already at the car park??

Originally Posted by gbengus

Been at the car park for a long time, one of my sticky stocks,nobody to buy it.

Omo.. this one don pass car park o!!!!

Dem don jack am comot im tyres self; use tarpaulin cover am!!

[dr.abrahamb]

Originally Posted by solo66

STANDARD ALLIANCE INSURANCE PLC
October 14, 2011
Audited (Year-End Dec 2010)
Profit and Loss Information
Gross Premium 30/12/2010 N3.782b 31/12/2009 N3.158b Profit Before Tax and Exceptional Items 10 (N1.986b) 09 N1.016b Exceptional Items 10 (N6.427b) 09 (N6.719b) Taxation 10 (N109.802m) 09 (N140.923m) Profit After Tax 10 (N8.551b) 09 (N5.858bb)
Balance Sheet Information
Fixed Assets 31/12/2010 N1.131b 31/12/2009 N968.723b Long term Investments 10 N1.399b 09 N2.539b Stocks 10 N4.908b 09 N10.889b Trade Debtors 10 N1.569b 09 N2.378b Cash and Bank Balances 10 N76.939m 09 N80.518b Other Debit Balances 10 N1.656b 09 N1.886b Insurance funds 10 N726.143m 09 N545.599m Short Term Borrowings 10 N31.626m 09 N3.667m Net Assets 10 N2.278b 11 N1.760b

My Ogas, what constitutes EXCEPTIONAL ITEMS? Can one really see it coming? I understand interest expense, taxation and minority interests(after PAT that is), are the only deductions there can be after Operating profit is calculated; which one come be EXCEPTIONAL ITEMS?

[cashrules]

Originally Posted by dr.abrahamb

My Ogas, what constitutes EXCEPTIONAL ITEMS? Can one really see it coming? I understand interest expense, taxation and minority interests(after PAT that is), are the only deductions there can be after Operating profit is calculated; which one come be EXCEPTIONAL ITEMS?

my broda..i no ft shout eh!! Just small small ask UBA shareholders and maybe Transcorp shareholders.....their eyes don see this one tire!

[nosa2]

Originally Posted by cashrules

my broda..i no ft shout eh!! Just small small ask UBA shareholders and maybe Transcorp shareholders.....their eyes don see this one tire!

Seriously thou, Regulators need to mandate companies to disclose the nature of these exceptional items

[wanaj0]

Originally Posted by nosa2

Seriously thou, Regulators need to mandate companies to disclose the nature of these exceptional items

It is always in their report. Disclosure as par accounting standards