Go Back   StockMarketNigeria.com Forums > Nigerian Stocks > Other Stocks & Investment strategies
Royal Exch Insurance Royal Exch Insurance
Invite Your FriendsBlogs FAQDonate Calendar Search Today's Posts Mark Forums Read Experience

Other Stocks & Investment strategies Discuss other stocks

Welcome to the StockMarketNigeria.com Forums.
If this is your first visit, be sure to check out the FAQ by clicking the link above. You may have to register before you can post: click the register link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below.

Reply
Page 3 of 3 12 3
 
LinkBack Thread Tools Search this Thread Display Modes
  #41 (permalink)  
Old 25th August 2010, 07:40 PM
Babs_O's Avatar
Rank: Senior Member
Points: 6,856, Level: 54
Points: 6,856, Level: 54 Points: 6,856, Level: 54 Points: 6,856, Level: 54
Activity: 2%
Activity: 2% Activity: 2% Activity: 2%
 
Join Date: Dec 2007
Location: Nigeria
Posts: 1,087
Thanks: 13
Thanked 15 Times in 11 Posts
Groans: 0
Groaned at 0 Times in 0 Posts
Rep Power: 6
Babs_O will become famous soon enough
Default Re: Royal Exch Insurance
Quote:
Originally Posted by Oracle View Post
Royal exchange plc 25 august 2010
audited year ended december 2009
2009 2008 %change
turnover n3.632b n3.314b 9.58
profit before tax ei n337.122m (n164.643m)
exceptional items (n451.767m)(n1.374b)
taxation n274.715m (n896.463m) -130.64
profit after taxation n160.070m (n2.435b) -106.57
fixed assets n1.095b n610.093m 79.63
stocks n511.518m n84.769m 503.43
trade debtors n990.062m n1.061b -6.73
cash and bank balancesn398.509m n1.632b -75.58
other debit balances n11.144b n8.918b 24.96
trade creditors n244.593m n105.661m 131.49
short term borrowings n119.208m n239.838m
other credit balances n6.011b n5.877b 2.28
net assets n7.865b n6.084b 29.27
Where is the growth in net assets coming from.
__________________
The standard of living of any society is based on the goods and services available therein. The result of business ventures. My prayer is for God's mercy to save us from the hands of Nigerians who come to leadership positions to set the country backwards.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #42 (permalink)  
Old 26th August 2010, 07:09 AM
Oracle's Avatar
Forum Moderator
Rank: Senior Member
Points: 12,861, Level: 74
Points: 12,861, Level: 74 Points: 12,861, Level: 74 Points: 12,861, Level: 74
Activity: 33%
Activity: 33% Activity: 33% Activity: 33%
 
Join Date: May 2010
Location: PH
Posts: 4,445
Thanks: 75
Thanked 180 Times in 150 Posts
Groans: 0
Groaned at 9 Times in 9 Posts
Rep Power: 6
Oracle is on a distinguished road
Default Re: Royal Exch Insurance
Quote:
Originally Posted by Babs_O View Post
Where is the growth in net assets coming from.
Nothing made sense in their result.
Was it just net assets u saw? What about PBT of N337.122m,then exceptional items of N451.767m, then a high tax of N274.715 followed by a PAT of N160.070. Nothing added up. Nothing!
__________________
For every buyer there is a seller, and the future will prove one of them to have made a mistake.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #43 (permalink)  
Old 26th August 2010, 11:40 AM
nosa2's Avatar
Rank: Senior Member
Points: 24,573, Level: 95
Points: 24,573, Level: 95 Points: 24,573, Level: 95 Points: 24,573, Level: 95
Activity: 86%
Activity: 86% Activity: 86% Activity: 86%
 
Join Date: Oct 2008
Location: Lagos
Posts: 3,908
Thanks: 334
Thanked 132 Times in 117 Posts
Groans: 22
Groaned at 11 Times in 10 Posts
Blog Entries: 6
Rep Power: 7
nosa2 is on a distinguished road
Send a message via Yahoo to nosa2
Default Re: Royal Exch Insurance
Quote:
Originally Posted by Oracle View Post
Nothing made sense in their result.
Was it just net assets u saw? What about PBT of N337.122m,then exceptional items of N451.767m, then a high tax of N274.715 followed by a PAT of N160.070. Nothing added up. Nothing!
and folks wonder why I decided to keep away from financials
__________________
"Diversification is a protection against ignorance. It makes litte sense to those who know what they are doing" Warren Buffet
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #44 (permalink)  
Old 26th August 2010, 12:22 PM
123.rado's Avatar
Forum Moderator
Rank: Senior Member
Points: 6,784, Level: 54
Points: 6,784, Level: 54 Points: 6,784, Level: 54 Points: 6,784, Level: 54
Activity: 35%
Activity: 35% Activity: 35% Activity: 35%
 
Join Date: Mar 2009
Posts: 1,451
Thanks: 26
Thanked 82 Times in 64 Posts
Groans: 0
Groaned at 0 Times in 0 Posts
Blog Entries: 1
Rep Power: 5
123.rado is on a distinguished road
Default Re: Royal Exch Insurance
ROYAL EXCHANGE PLC
26 August 2010
Unaudited Q1 (March) 2010

Profit and Loss Information
Gross Premium 10 N893.324m 09 N970.687m
PBT 10 N296.579m 09 (N168.675m)
Tax 10 (N88.974m) 08 Nil
PAT 10 N207.605m 09 (N168.675m)

Balance Sheet Information
Fixed Assets 31-03-10 N1.040b 31-12-09 N1.095b
Stock 10 N450.373m 09 N511.518m
Trade Debtors 10 N1.298b 09 N990.062m
Cash And Bank Balances 10 N944.835m 09 N398.509m
Other Debit Balances 10 N10.854b 09 N11.144b
Trade Creditors 10 N241.912m 09 N244.593m
Short Term Borrowings 10 N201.900m 09 N119.208m
Other Credit Balances 10 N5.639b 09 N6.011b
Net Assets 10 N8.505b 09 N7.865b
__________________
You can not play symphonies until you have first mastered the notes.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #45 (permalink)  
Old 26th August 2010, 12:23 PM
123.rado's Avatar
Forum Moderator
Rank: Senior Member
Points: 6,784, Level: 54
Points: 6,784, Level: 54 Points: 6,784, Level: 54 Points: 6,784, Level: 54
Activity: 35%
Activity: 35% Activity: 35% Activity: 35%
 
Join Date: Mar 2009
Posts: 1,451
Thanks: 26
Thanked 82 Times in 64 Posts
Groans: 0
Groaned at 0 Times in 0 Posts
Blog Entries: 1
Rep Power: 5
123.rado is on a distinguished road
Default Re: Royal Exch Insurance
ROYAL EXCHANGE PLC
26 August 2010
Unaudited Q2 (June) 2010

Profit and Loss Information
Turnover 10 N1.743b 09 N1.793b
PBT 10 N339.953m 09 N301.335m
Tax 10 (N108.785m) 09 (N96.427m)
PAT 10 N231.168m 09 N204.908m

Balance Sheet Information
Fixed Assets 30-06-10 N1.157b 31-12-09 N1.095b
Stock 10 N1.241b 09 N511.518m
Trade Debtors 10 N1.018b 09 N990.062m
Cash And Bank Balances 10 N415.943m 09 N398.509m
Other Debit Balances 10 N10.887b 09 N11.144b
Trade Creditors 10 N274.016m 09 N244.593m
Short Term Borrowings 10 N15.251m 09 N119.208m
Other Credit Balances 10 N6.267b 09 N6.011b
Net Assets 10 N8.664b 09 N7.865b
__________________
You can not play symphonies until you have first mastered the notes.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #46 (permalink)  
Old 26th August 2010, 08:03 PM
Babs_O's Avatar
Rank: Senior Member
Points: 6,856, Level: 54
Points: 6,856, Level: 54 Points: 6,856, Level: 54 Points: 6,856, Level: 54
Activity: 2%
Activity: 2% Activity: 2% Activity: 2%
 
Join Date: Dec 2007
Location: Nigeria
Posts: 1,087
Thanks: 13
Thanked 15 Times in 11 Posts
Groans: 0
Groaned at 0 Times in 0 Posts
Rep Power: 6
Babs_O will become famous soon enough
Default Re: Royal Exch Insurance
Quote:
Originally Posted by Oracle View Post
Nothing made sense in their result.
Was it just net assets u saw? What about PBT of N337.122m,then exceptional items of N451.767m, then a high tax of N274.715 followed by a PAT of N160.070. Nothing added up. Nothing!
This result is rubbish. There is exceptional item. It doesn't impact PAT and yet Shareholders funds rises sharply.
__________________
The standard of living of any society is based on the goods and services available therein. The result of business ventures. My prayer is for God's mercy to save us from the hands of Nigerians who come to leadership positions to set the country backwards.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #47 (permalink)  
Old 29th October 2010, 08:20 PM
1himself's Avatar
Forum Moderator
Rank: Senior Member
Points: 3,624, Level: 37
Points: 3,624, Level: 37 Points: 3,624, Level: 37 Points: 3,624, Level: 37
Activity: 5%
Activity: 5% Activity: 5% Activity: 5%
 
Join Date: May 2010
Location: BROAD STREET,where money never SLEEPS
Posts: 619
Thanks: 0
Thanked 38 Times in 35 Posts
Groans: 0
Groaned at 3 Times in 3 Posts
Rep Power: 3
1himself is on a distinguished road
Default Re: Royal Exch Insurance
Royal Exchange pays N335m claims to Shongai Packaging


Royal Exchange pays N335m claims to Shongai Packaging::Vanguard (Nigeria)
__________________
whether 1himself is buying socks, stocks or stock fish, he loves to buy what is original at an original price
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #48 (permalink)  
Old 13th December 2010, 02:53 PM
baotoghile's Avatar
Rank: Senior Member
Points: 5,384, Level: 47
Points: 5,384, Level: 47 Points: 5,384, Level: 47 Points: 5,384, Level: 47
Activity: 18%
Activity: 18% Activity: 18% Activity: 18%
 
Join Date: Oct 2007
Location: Lagos, Nigeria
Posts: 780
Thanks: 10
Thanked 25 Times in 24 Posts
Groans: 0
Groaned at 2 Times in 2 Posts
Blog Entries: 1
Rep Power: 5
baotoghile is on a distinguished road
Send a message via Yahoo to baotoghile
Default Re: Royal Exch Insurance
ROYAL EXCHANGE PLC
03 December 2010
Unaudited Q3 (September) 2010
Profit and Loss Information
Gross Premium 10 N2.379b 09 N2.433b Profit Before Tax 10 N289.088m 09 N383.621m Taxation 10
(N92.508m) 09 N218.787m Profit After Taxation 10 N196.580m 09 N602.408m
Balance Sheet Information
Fixed Assets 30-09-10 N1.096b 31-12-09 N1.095b Stock 10 N658.162m 09 N511.518m Trade Debtors
10 N809.483m 09 N990.062m Cash And Bank Balances 10 N673.332m 09 N398.509m Other Debit
Balances 10 N10.981b 09 N11.406b Trade Creditors 10 N275.354m 09 N244.593m Short Term
Borrowings 10 Nil 09 N119.208m Other Credit Balances 10 N5.104b 09 N6.173b Net Assets 10
N8.838b 09 N7.865b
__________________
progressively steering your portfolios through times
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #49 (permalink)  
Old 13th December 2010, 04:44 PM
pegheneji's Avatar
Rank: Senior Member
Points: 7,066, Level: 55
Points: 7,066, Level: 55 Points: 7,066, Level: 55 Points: 7,066, Level: 55
Activity: 22%
Activity: 22% Activity: 22% Activity: 22%
 
Join Date: Feb 2008
Location: Abuja-Nigeria
Posts: 1,569
Thanks: 61
Thanked 40 Times in 37 Posts
Groans: 2
Groaned at 3 Times in 3 Posts
Rep Power: 6
pegheneji is on a distinguished road
Default Re: Royal Exch Insurance
Quote:
Originally Posted by baotoghile View Post
ROYAL EXCHANGE PLC
03 December 2010
Unaudited Q3 (September) 2010
Profit and Loss Information
Gross Premium 10 N2.379b 09 N2.433b Profit Before Tax 10 N289.088m 09 N383.621m Taxation 10
(N92.508m) 09 N218.787m Profit After Taxation 10 N196.580m 09 N602.408m
Balance Sheet Information
Fixed Assets 30-09-10 N1.096b 31-12-09 N1.095b Stock 10 N658.162m 09 N511.518m Trade Debtors
10 N809.483m 09 N990.062m Cash And Bank Balances 10 N673.332m 09 N398.509m Other Debit
Balances 10 N10.981b 09 N11.406b Trade Creditors 10 N275.354m 09 N244.593m Short Term
Borrowings 10 Nil 09 N119.208m Other Credit Balances 10 N5.104b 09 N6.173b Net Assets 10
N8.838b 09 N7.865b
dis people not dey get business again? was actualling tinking dat after paying their Cocacola claims 2010 will be very good.
__________________
If the herd starts running away from a good stock, get ready to run toward it....Warren Buffet
Last edited by pegheneji; 13th December 2010 at 04:50 PM.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #50 (permalink)  
Old 26th July 2011, 06:38 AM
Oracle's Avatar
Forum Moderator
Rank: Senior Member
Points: 12,861, Level: 74
Points: 12,861, Level: 74 Points: 12,861, Level: 74 Points: 12,861, Level: 74
Activity: 33%
Activity: 33% Activity: 33% Activity: 33%
 
Join Date: May 2010
Location: PH
Posts: 4,445
Thanks: 75
Thanked 180 Times in 150 Posts
Groans: 0
Groaned at 9 Times in 9 Posts
Rep Power: 6
Oracle is on a distinguished road
Default Re: Royal Exch Insurance
ROYAL EXCHANGE PLC May 4,2011
Audited December 2010
Profit and Loss Information
2010 2009
Gross Earnings N3.267b N3.645b
Profit Before Tax N143.692m (N114.645m)
Taxation N129.714M N274.715m
Profit After Tax N273.406m N160.070m
Balance Sheet Information 31-12-10 31-12-09
Fixed Assets N1.110b N1.095b
Investments N2.963b N2.566b
Stock N714.574m N511.518m
Trade Debtors N1.010b N990.062m
Cash and Bank Balances N422.450m N398.509m
Other Debit Balances N6.860b N8.840b
Trade Creditors N2.193b N2.069b
Short Term Borrowings N121.767m N119.208m
Other Credit Balances N2.399b N4.348b
Net Assets N8.367b N7.865b
Corporate Actions
Proposed Bonus 1 for 8
Closure Date 7th September 2011
AGM Date 22nd September 2011 @ 11am
AGM Venue Agip Hall Muson Centre Onikan Lagos
__________________
For every buyer there is a seller, and the future will prove one of them to have made a mistake.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #51 (permalink)  
Old 10th October 2011, 01:28 PM
baotoghile's Avatar
Rank: Senior Member
Points: 5,384, Level: 47
Points: 5,384, Level: 47 Points: 5,384, Level: 47 Points: 5,384, Level: 47
Activity: 18%
Activity: 18% Activity: 18% Activity: 18%
 
Join Date: Oct 2007
Location: Lagos, Nigeria
Posts: 780
Thanks: 10
Thanked 25 Times in 24 Posts
Groans: 0
Groaned at 2 Times in 2 Posts
Blog Entries: 1
Rep Power: 5
baotoghile is on a distinguished road
Send a message via Yahoo to baotoghile
Default Re: Royal Exch Insurance
ROYAL EXCHANGE PLC
October 10, 2011
Unaudited Q2 (June 2011)
Profit and Loss Information
Gross Earnings 30/06/2011 N2.324b 30/06/2010 N1.743b
Profit Before Tax 11 N352.322m 10 N339.953m
Taxation 11 (N112.743m) 10 (N108.785m)
Profit After Tax 11 N239.579m 10 N231.168m

Balance Sheet Information
Fixed Assets 30/06/2011 N1.050b 31/12/2010 N1.110b
Long term Investments 11 N3.228b 10 N2.963b
Short term Investments 11 N573.016m 10 N714.574m
Trade Debtors 11 N1.939b 10 N1.382b
Cash and Bank Balances 11 N779.270m 10 N422.450m
Other Debit Balances 11 N7.758b 10 N6.489b
Trade Debtors 11 N1.561b 10 N849.040m
Short Term Borrowings 11 N6.467m 10 N121.767m
Insurance Funds 11 N2.533b 10 N2.193b
Net Assets 11 N15.328b 10 N13.082b
__________________
progressively steering your portfolios through times
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #52 (permalink)  
Old 20th April 2012, 02:47 PM
cashrules's Avatar
Rank: Senior Member
Points: 8,113, Level: 60
Points: 8,113, Level: 60 Points: 8,113, Level: 60 Points: 8,113, Level: 60
Activity: 100%
Activity: 100% Activity: 100% Activity: 100%
 
Join Date: Sep 2008
Location: london
Posts: 1,799
Thanks: 79
Thanked 61 Times in 53 Posts
Groans: 0
Groaned at 1 Time in 1 Post
Rep Power: 5
cashrules is on a distinguished road
Default Re: Royal Exch Insurance
ROYAL EXCHANGE PLC
April 20, 2012
Q2 (Jan - June, 2012) Earnings Forecast
Forecast Profit and Loss Information
Gross Premium N4.580m Outward Reinsurance (N876.677m) Net Premium N3.703m Movement in Unexpired Risk (N258.970m) Earned Premium N3.444m Earned Interest N94,743 Investment Income N221,193 Group Income N3.937m Claims (N1.153m) Commission (N479,987) Underwriting Expenses (N456,626) Transfer of Surplus to Life Fund (N278,648) Operating Expenses/ Mgt Expenses (N794,480) Interest Exp. / Interest on Deposit Admin (N7,559) Profit before Tax N752,572 Taxation (N240,823) Profit after Tax N511,749
__________________
“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”-William Arthur Ward
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
Reply
Page 3 of 3 12 3

« Fidson Healthcare Plc | C&I Leasing »


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes
Linear Mode Linear Mode

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are Off


All times are GMT +1. The time now is 09:33 PM.

Contact Us - StockMarketNigeria.com Investor's Forum - Archive - Privacy Statement - Top

Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2012, Jelsoft Enterprises Ltd.
SEO by vBSEO 3.3.0
vBulletin Optimisation by vB Optimise (Reduced on this page: MySQL 15.38%).
StockMarketNigeria.comAd Management plugin by RedTyger
no new posts

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37