Guinea insurance Plc

[123.rado]

Originally Posted by utuocha

I have 7,600,000,000 outstanding shares for Guinea Insurance. Still trying to validate the info, but obviously Proshare used wrong no of shares for their analysis!

Originally Posted by pumping

I have at least 5.4B outstanding. By the way, the valuation is not bad with forward PE of 8x but they don't have a consistent dividend paying history. So, put everything in perspective as you enter this one. This does not stop it from rising to the moon. Good luck.

Originally Posted by utuocha

the stock does not feature on my radar at this time!!! e get k-leg!!!!!!!!

Originally Posted by cashrules

Why would anyone want to buy this stock??? Have u been to their Head office lately?? Gosh!! Do they settle their claims promptly? Are their marketing team visible? Have they won any major account lately?

Am staying of this one

Anyway sha I may be wrong cos I have been on many occassions!

.

I have continued to follow this stock since all the above comments. I intended to pull the trigger yesterday but kept off because of all the conflicting outstanding number of shares.

There were 7,120,535 shares on offer at market close yesterday with just 3 deals done and 215,000 shares transacted.

The number of shares transacted today is 7,809,068 with 52 deals.

Even bloomberg has same number of shares with Proshare and FSDH.

This stock will likely be on bid from tomorrow or Friday.

Let's discuss this constructively please. Like I said the EPS for this 50k stock is 35k, EPS is 1.42 and earnings yield is 70%.

GUINEAIN: Guinea Insurance PLC Summary - Bloomberg

[pumping]

Originally Posted by 123.rado

.

I have continued to follow this stock since all the above comments. I intended to pull the trigger yesterday but kept off because of all the conflicting outstanding number of shares.

There were 7,120,535 shares on offer at market close yesterday with just 3 deals done and 215,000 shares transacted.

The number of shares transacted today is 7,809,068 with 52 deals.

Even bloomberg has same number of shares with Proshare and FSDH.

This stock will likely be on bid from tomorrow or Friday.

Let's discuss this constructively please. Like I said the EPS for this 50k stock is 35k, EPS is 1.42 and earnings yield is 70%.

GUINEAIN: Guinea Insurance PLC Summary - Bloomberg

I think Bloomberg depends on the Nigeria sites to provide the data. They don't validate it or update as at when due either. Check out the outstanding shares they have for Goldinsure. It is the value before the reconstruction.

[1himself]

Guinea Insurance Plc rewards investors with 1kobo dividend in 2009 Audited result.

Guinea Insurance Plc rewards investors with 1kobo dividend in 2009 Audited result. - Proshare

[nosmas]

Guinea Insurance appoints new MD, ED
Guinea Insurance appoints new MD, ED - Proshare

[aysok1]

Guinea Insurance Plc forecasts N241.4 million PAT for Q2 2011 - Proshare

[baotoghile]

GUINEA INSURANCE PLC
23 August 2011
Audited Year Ended (December) 2010
Profit and Loss Information
Gross Premium Written 10 N1.012b 09 N1.0169b
Profit Before Tax 10 (N94.420m) 09 N19.663m
Taxation 10 (N11.582m) 09 (N33.057m)
Profit After Tax 10 (N106.002m) 09 (N13.394m)

Balance Sheet Information
Fixed Assets 31-12-10 N77.115m 31-12-09 N100.502m
Investments 10 N2.254b 09 N2.363b
Stock 10 N221.181m 09 N109.997m
Trade Debtors 10 N928.219m 09 N1.296b
Cash and Bank Balances 10 N309.486m 09 N51.698m
Other Debit Balances 10 N300m 09 N300m
Trade Creditors 10 N118.125m 09 N546.053m
Other Credit Balances 10 N831.451m 09 N378.220m
Net Assets 10 N3.141b 09 N3.297b

Corporate Actions
Proposed Dividend Nil
Proposed Bonus Nil
Payment Date Nil
Closure Date Nil
AGM Date Nil
AGM Venue Nil


from 'Damaging Director'

[Salida]

Guinea Insurance completes turnaround scheme, targets top ten market share