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  #1 (permalink)  
Old 29th August 2007, 12:47 PM
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Default Standard Alliance

Am new to stock trading. On the advice of my stock broker I bought a substantial unit of Standard Insurance@5.00 in June and its been falling,@2.97 as at yesterday. As it stands now,I dont know if I should sell off at a loss or wait or average it.
Any advice is welcomed please!
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  #2 (permalink)  
Old 30th August 2007, 09:48 PM
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Quote:
Originally Posted by excel123 View Post
Am new to stock trading. On the advice of my stock broker I bought a substantial unit of Standard Insurance@5.00 in June and its been falling,@2.97 as at yesterday. As it stands now,I dont know if I should sell off at a loss or wait or average it.
Any advice is welcomed please!
Average it. I expect Standard Alliance to be at at N5 within a year. You bought too early. Expect the price to drop a little more as september is often a bearish month. After that, buy some more (target 2.50-2.70).
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  #3 (permalink)  
Old 30th August 2007, 10:02 PM
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To average the buy on Standard alliance is good, but I dont think the same advice will suffice for those that bought Cornerstone at 4.30 and the price is now 2.63?

The situation of the two companies are different, while St alliance is showing some promise, Cornerstone is dropping profits because of big claims settlements.
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  #4 (permalink)  
Old 31st August 2007, 07:31 AM
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AVERAGE IT,BUY SAME UNIT IF U CAN AFFORD IT, AT THE LONG RUN, YOUR EFFECTIVE PURCHASE PRICE WILL BE ABOUT N3.5, YOU CAN EVEN SELL AT N5, when it get back
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Old 31st August 2007, 11:13 AM
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Quote:
Originally Posted by c kenneths View Post
To average the buy on Standard alliance is good, but I dont think the same advice will suffice for those that bought Cornerstone at 4.30 and the price is now 2.63?

The situation of the two companies are different, while St alliance is showing some promise, Cornerstone is dropping profits because of big claims settlements.
the same advice might make sense for cornerstone but one would have to wait for further price drop to begin averaging...its not yet attractive at current price
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Old 3rd September 2007, 09:48 AM
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Default Thanks

Thanks a lot for your advice.I will average it. I'm really impressed by your contributions.This is a great forum. I ve been reading through the postings and responses in this forum and shortly I will start contributing. This is a great forum!!
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Old 31st January 2008, 12:45 PM
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Default Standard Alliance

Standard Alliance is on suspension. Any word on when it is coming to market and for how much?
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Old 31st January 2008, 08:33 PM
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Default Is it well with these Insurance Companies ?

They did an IPO in Q3 of 2006. Most likely the money is still being held by NAICOM. They haven't done any business with it yet they want to raise fresh money again ?
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Old 5th February 2008, 06:58 PM
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Was it IPO they did or Private placement? However I do not see anything wrong with coming to the market again as long as they have a business plan for the money.
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  #10 (permalink)  
Old 5th February 2008, 07:21 PM
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Quote:
Originally Posted by chymex View Post
Was it IPO they did or Private placement? However I do not see anything wrong with coming to the market again as long as they have a business plan for the money.
am not sure they did an IPO in 06, most of the insurance coy, despite meeting the recapitalisation requirements still need funds, and so the market is almost the only place they raise such emergency and easy funds.

they will be welcome anyway
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  #11 (permalink)  
Old 5th February 2008, 07:44 PM
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Quote:
Originally Posted by olusolakemmy View Post
am not sure they did an IPO in 06, most of the insurance coy, despite meeting the recapitalisation requirements still need funds, and so the market is almost the only place they raise such emergency and easy funds.

they will be welcome anyway
They did a public offer for N1.10 that ran from 22 to 29 Sep 2006. I still have a hard copy of the prospectus.
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  #12 (permalink)  
Old 5th February 2008, 08:46 PM
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Quote:
Originally Posted by Babs_O View Post
They did a public offer for N1.10 that ran from 22 to 29 Sep 2006. I still have a hard copy of the prospectus.
that means you are very sure then.
but then can explain the technical suspension?
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  #13 (permalink)  
Old 5th February 2008, 10:45 PM
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Default Buy Stanadard assurance now!

Looking at the insurance industry, one will observe that all the company prices have risen well above 5naira except very few. Standard assurance presently is the cheapest stock in that sector (fundamentally speaking), so i strong encourage investors to start buying from the floor as it is still available now. In the next few week, it will be very scarce.
Avoid the rush and the risk of return money now.
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Old 5th February 2008, 11:43 PM
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Default lasaco

I wonder why no one has mentioned anything about this stock, i hard that it is wise investing in it since the proposed budget seems to favour the insurance sector.
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Old 6th February 2008, 04:47 PM
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I totally agree with BigSeun, this is the time to mop up Standard Assurance.
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Old 6th February 2008, 05:33 PM
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Default Clearer Picture on Volume of POs of Standard as well as Custodian

Clearer pictures have now emerged of the volumes of shares to be issued by the Standard Alliance Insurance as well as the Custodian and Allied Insurance, going by the publication in today's issue of This Day, as shown in the link below:

THISDAY ONLINE
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  #17 (permalink)  
Old 6th February 2008, 08:41 PM
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From the publication, Custodian and Allied will be offering at 20% discount while Standard Assurance will be at 16%. Not as generous as AIICO that offered at 35%. Considering the risk of returned money after 6 months, it is clear that one is better off buying both on the floor.
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  #18 (permalink)  
Old 12th February 2008, 10:38 PM
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Does anyone in the house know when the PO is going to start?
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Old 14th February 2008, 06:15 PM
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This stock is no longer available on the floor as I've been trying to buy for about a week now without success.
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Old 14th February 2008, 06:27 PM
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I think ur broker might just not be active enuf.
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