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  #25221 (permalink)  
Old 13th February 2013, 04:21 PM
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Default Re: MarketWatch

Quote:
Originally Posted by wanaj0 View Post
The market closed lower today while the insurance sector was on rise.

Not that many insurance stocks have fundamentals. Those that do have gained almost 50%! The market has gone crazy
@Wanajo, just thinking that with improvement in the prices of stock, the capital base of most of this insurance stock will be improved because they invest their premium in assets which include equity and these investments are valued when their capital base is being calculated and that since the prce of many stocks they invested on have risen, their capital base will be greatly improved.

Accordingly, i think insurance firms perform better when the bull is arround and worse when the bear is incharge. just thinking 1/4 of 2013 will show an improved result.

Caveat: not thinking of buying more insurance stock but just wish IAA will equally rise and IGI will list
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Last edited by pegheneji; 13th February 2013 at 05:00 PM.
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  #25222 (permalink)  
Old 13th February 2013, 04:22 PM
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Default Re: MarketWatch

Quote:
Originally Posted by wanaj0 View Post
Kai. Forgot to send my C&I leasing order! Now that one done move.

Waiting for when all stocks will be on OFFER!
My broda you will need to wait a little longer. I don't see that soon, for fundamentally strong stocks.
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  #25223 (permalink)  
Old 13th February 2013, 04:23 PM
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Default Re: MarketWatch

Quote:
Originally Posted by Oracle View Post
Omo,you get plenty insurance stocks o. Na wah o.

Next time, just align yourself with stocks that pay dividend so that if e no vomit,e go shit.
E bi like say you learn plenty from granny
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  #25224 (permalink)  
Old 13th February 2013, 04:25 PM
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Default Re: MarketWatch

Quote:
Originally Posted by pegheneji View Post
@Wanajo, just thinking that with improvement in the prices of stock, the capital base of most of this insurance stock will be improved because they invest their premium in assets which include equity and these investments are valued when their capital base is being calculated and that since the prce of many stocks they invested on have risen, their capital base will be greatly improved.

Accordingly, i think insurance firms perform better when the bull is arround and worse when the bear is incharge. just thinking 1/4 of 2013 will show and improved result.

Caveat: not thinking of buying more insurance stock but just wish IAA will equally rise and IGI will list
IAA is not a well managed company, Remio Olowude of IGI needs investors money, but will not want to reduce his grip on the company. Only God knows when the guy will want to list the company.
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  #25225 (permalink)  
Old 13th February 2013, 04:34 PM
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Default Re: MarketWatch

Quote:
Originally Posted by pegheneji View Post
@Wanajo, just thinking that with improvement in the prices of stock, the capital base of most of this insurance stock will be improved because they invest their premium in assets which include equity and these investments are valued when their capital base is being calculated and that since the prce of many stocks they invested on have risen, their capital base will be greatly improved.

Accordingly, i think insurance firms perform better when the bull is arround and worse when the bear is incharge. just thinking 1/4 of 2013 will show and improved result.

Caveat: not thinking of buying more insurance stock but just wish IAA will equally rise and IGI will list
Excellent thoughts Sir Pegheneji, you really have a good inkling of the inner workings of the Insurance industry and its correlation to Capital markets.

However, the Insurance industry in Nigeria still has a long way to go.
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  #25226 (permalink)  
Old 13th February 2013, 05:05 PM
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Default Re: MarketWatch

Quote:
Originally Posted by pegheneji View Post
@Wanajo, just thinking that with improvement in the prices of stock, the capital base of most of this insurance stock will be improved because they invest their premium in assets which include equity and these investments are valued when their capital base is being calculated and that since the prce of many stocks they invested on have risen, their capital base will be greatly improved.

Accordingly, i think insurance firms perform better when the bull is arround and worse when the bear is incharge. just thinking 1/4 of 2013 will show an improved result.

Caveat: not thinking of buying more insurance stock but just wish IAA will equally rise and IGI will list
Yes and no.

Some of them disposed of their holdings at huge loss so they cannot benefit from the upside. Those that are still holding on may benefit from the bullish run but don't think they can write this to profit. It will likely go into their reserves.

If they have good risk management system in place, they can profit fro both the arrival of the bull and the bear lol.

Sorry IAA is dead buried and in hell or heaven now! You need to make full provision for that one! Doubt if they are still in operation.
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  #25227 (permalink)  
Old 13th February 2013, 05:12 PM
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Default Re: MarketWatch

Quote:
Originally Posted by wanaj0 View Post
Yes and no.

Some of them disposed of their holdings at huge loss so they cannot benefit from the upside. Those that are still holding on may benefit from the bullish run but don't think they can write this to profit. It will likely go into their reserves.

If they have good risk management system in place, they can profit fro both the arrival of the bull and the bear lol.

Sorry IAA is dead buried and in hell or heaven now! You need to make full provision for that one! Doubt if they are still in operation.
There was a time when they had one of the highest shareholders' fund in the industry

I am not sure if they are still in operation.

I was at a presentation for the Private placement of Universal Insurance in 2006, the MD was just quoting left and right from the Bible. All the questions asked were answered with Biblical quotation, this pissed me off and I never invested in the Private Place of Universal insurance. Thank God I was not moved by the sweet talks of the MD. I don't know if the stock has moved from the car park?
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  #25228 (permalink)  
Old 13th February 2013, 05:33 PM
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Default Re: MarketWatch

please SMN, what is the upside price potential of Firstbank.
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  #25229 (permalink)  
Old 13th February 2013, 05:34 PM
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Default Re: MarketWatch

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Originally Posted by iknnamdi View Post
please SMN, what is the upside price potential of Firstbank.
Do your research, the internet is to help you create wealth.
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  #25230 (permalink)  
Old 13th February 2013, 06:01 PM
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Default Re: MarketWatch

Quote:
Originally Posted by Salida View Post
What will happen when the management of NSE decides to remove the parking lot gate price of 0.50k and allow stocks to find their level??
na that time we go hear "wen"
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  #25231 (permalink)  
Old 13th February 2013, 06:07 PM
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Default Re: MarketWatch

Quote:
Originally Posted by pumping View Post
Those that identify the trend early, accept it, and ride it, have a better chance of avoiding the dangers of the reversal.

The safest folks of course, are those who don't take advantage of the trend at all or refuse to recognize it, but then, no risk, no gain.

Those that get burnt the most are those who wait too late before accepting the trend and then try to ride on it!

To summarize, If you did not like a stock for 50k last week, why buy it for 58k this week when the fundamentals did not change?.

On the other hand, if you have stocks you piled up at 50k years back, what is the rush is selling the moment it leaves the car park?
good question...my own thought is that I do not know when the "reversal" will occur, and we all know what happens when a stock is on permanent offer; you won't get to exit (except you get agebro broker or you are an institutional investor like Pumping, Wanaj0, Wan$$$5 etc). If the reversal goes against you and the stock ends up at the 50k car lot, you may be stuck for another 4 years. Finally got out of the tasere units of LASACO I had today, most likely if i had a substantial holding, I would be a phased exit, but na only kuli kuli units I get, so I sold all. If it gets to N1, good luck to whoever purchased from me....
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Last edited by hispy99; 13th February 2013 at 06:10 PM.
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  #25232 (permalink)  
Old 13th February 2013, 06:19 PM
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Default Re: MarketWatch

Quote:
Originally Posted by hispy99 View Post
good question...my own thought is that I do not know when the "reversal" will occur, and we all know what happens when a stock is on permanent offer; you won't get to exit (except you get agebro broker or you are an institutional investor like Pumping, Wanaj0, Wan$$$5 etc). If the reversal goes against you and the stock ends up at the 50k car lot, you may be stuck for another 4 years. Finally got out of the tasere units of LASACO I had today, most likely if i had a substantial holding, I would be a phased exit, but na only kuli kuli units I get, so I sold all. If it gets to N1, good luck to whoever purchased from me....
With all this exit why is it that my broker has not been able to sell mine. I have to call him and shout a little for him.
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  #25233 (permalink)  
Old 13th February 2013, 06:22 PM
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Default Re: MarketWatch

Quote:
Originally Posted by adeolly01 View Post
My chairmen I hail una ooh!

This rally don dey fear me . E just dey pain me say I offloaded about 280K units of Unity Bank, and over 100K of Aiico after (about 70% upside) . I no fit even mention Wema Bank. I for don wait small sha.

Am I the only one seeing value in John Holt and Morison Plc? I don't know how liquid they are, but they look like sure bankers to me.

Once again, I commend all the members of this forum. Una too much. This is my first post here, after about 2 years of learning kostenlos.
If AIICO or Unity don head back to car park after u offload, e go still dey pain u? I got out of CCNN at N6.50 (with about 30% profit) just before Dangote shouted cement "over supply". CCNN fell to about N5, but where is it today? N12.60. Make u no worry, u don make ur money, stop regretting.

which value u see in Morrison and John Holt? Did Morrison even trade today?
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  #25234 (permalink)  
Old 13th February 2013, 06:23 PM
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Default Re: MarketWatch

Quote:
Originally Posted by hispy99 View Post
If AIICO or Unity don head back to car park after u offload, e go still dey pain u? I got out of CCNN at N6.50 (with about 30% profit) just before Dangote shouted cement "over supply". CCNN fell to about N5, but where is it today? N12.60. Make u no worry, u don make ur money, stop regretting.

which value u see in Morrison and John Holt? Did Morrison even trade today?
See as speculators dey hunt for dead stocks.
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  #25235 (permalink)  
Old 13th February 2013, 06:23 PM
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Default Re: MarketWatch

Quote:
Originally Posted by Salida View Post
The day I first saw IEI advert for CNN few years back, I said, wow! A Nigerian Insurance company on CNN?!
Yes, the day I saw Crystal Bank advert on CNN, I was like wow! A Nigerian bank on CNN? Sebi we all know what happened to Crystal Bank
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  #25236 (permalink)  
Old 13th February 2013, 06:24 PM
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Default Re: MarketWatch

Quote:
Originally Posted by emmanuel ewumi View Post
There was a time when they had one of the highest shareholders' fund in the industry

I am not sure if they are still in operation.

I was at a presentation for the Private placement of Universal Insurance in 2006, the MD was just quoting left and right from the Bible. All the questions asked were answered with Biblical quotation, this pissed me off and I never invested in the Private Place of Universal insurance. Thank God I was not moved by the sweet talks of the MD. I don't know if the stock has moved from the car park?
Largest shareholders fund? Any audited report before the private placement? Those were doing nothing!
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  #25237 (permalink)  
Old 13th February 2013, 06:25 PM
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Default Re: MarketWatch

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Originally Posted by hispy99 View Post
Yes, the day I saw Crystal Bank advert on CNN, I was like wow! A Nigerian bank on CNN? Sebi we all know what happened to Crystal Bank

Some guys bought the bank, and it changed to Standard Trust Bank. Did you work or bank with them.
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  #25238 (permalink)  
Old 13th February 2013, 06:26 PM
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Default Re: MarketWatch

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Originally Posted by knightofdelta View Post

Come to think of it, if I had placed money in fixed deposit at 2% per annum for the past four years when I made these posts, I would be far richer than majority of IEI shareholders.

Now they have used their stupid results to poor sand into the NEM moving train. Make speculators sell, I will start re-buying at any price below 90 kobo...
In fact, you will be far richer than ALL IEI shareholders if you placed it 0%...at least you have access to your money, that should count for something
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Last edited by hispy99; 13th February 2013 at 07:14 PM.
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  #25239 (permalink)  
Old 13th February 2013, 06:27 PM
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Default Re: MarketWatch

Quote:
Originally Posted by emmanuel ewumi View Post
For now insurance sector is a no go area for me, can any thing good come from that sector?
Yes na...AIICO and NEM

Caveat Empty abi na Emptor: I am biased because I am a shareholder of both
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  #25240 (permalink)  
Old 13th February 2013, 06:27 PM
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Default Re: MarketWatch

Quote:
Originally Posted by wanaj0 View Post
Largest shareholders fund? Any audited report before the private placement? Those were doing nothing!
The fund was from the Private Placement, the placement was done when everybody was crazy to invest in PP.

Prior to the PP, i don't think there was anything spectacular about the company
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