Crusader Nigeria Plc

[donchisel]

Originally Posted by knightofdelta

Crusader Insurance is presently on offer:

Welcome to Fidelity Union Securities Limited

Couldn't Find any info as rdgs the offer on the link you posted. Could you please paste the offer details

[knightofdelta]

Originally Posted by donchisel

Couldn't Find any info as rdgs the offer on the link you posted. Could you please paste the offer details

Sorry Donchisel,

That was a technical term. When I said Crusader was on offer, I simply meant that there was more supply than demand on that particular day. It means that if the price had not been on technical suspension, it would have dropped.

Regards,
The Knight of Delta.

[donchisel]

Originally Posted by knightofdelta

Sorry Donchisel,

That was a technical term. When I said Crusader was on offer, I simply meant that there was more supply than demand on that particular day. It means that if the price had not been on technical suspension, it would have dropped.

Regards,
The Knight of Delta.

Ok thanks bro, i guess my ears where eager to hear crusader PO. The offer rating seem to be no more on that url as at the i opened it. Is it a good buy at the current quoted price.

[knightofdelta]

Originally Posted by donchisel

Ok thanks bro, i guess my ears where eager to hear crusader PO. The offer rating seem to be no more on that url as at the i opened it. Is it a good buy at the current quoted price.

Hey Donchisel,

At the present price Crusader Insurance has a projected year end PE of 32.60, which is quite high considering the general stock market but it is low compared to the industry average of about 40. Now the issue is, it may not be a good idea if you want to trade Crusader Insurance for the short term because no one can accurately predict what is going to happen. It may go up or down depending on the mood of investors. Crusader has been swinging between massive supply and massive demand at the technical suspension price. I have no idea what is going to happen immediately after they lift the suspension. But there is something I can assure you, if you are in it for the long term, then go for it because they have the potentials to create wealth.

Regards,
The Knight of Delta.

[donchisel]

Originally Posted by knightofdelta

Hey Donchisel,

At the present price Crusader Insurance has a projected year end PE of 32.60, which is quite high considering the general stock market but it is low compared to the industry average of about 40. Now the issue is, it may not be a good idea if you want to trade Crusader Insurance for the short term because no one can accurately predict what is going to happen. It may go up or down depending on the mood of investors. Crusader has been swinging between massive supply and massive demand at the technical suspension price. I have no idea what is going to happen immediately after they lift the suspension. But there is something I can assure you, if you are in it for the long term, then go for it because they have the potentials to create wealth.

Regards,
The Knight of Delta.

Thnx Bro,

IBTC analysts listed a Projected PAT of 1,186,500,000 by 2008 FYE and a forward PE of 21.02. What does this imply?
Considering their performance trend in the previous years, i suspect that their could be an untold strategy that is yet to unfold. Otherwise, how can such PAT figure be achieved.
Why do think they have the potentials to create wealth

[donchisel]

Originally Posted by knightofdelta

Hey Donchisel,

At the present price Crusader Insurance has a projected year end PE of 32.60, which is quite high considering the general stock market but it is low compared to the industry average of about 40. Now the issue is, it may not be a good idea if you want to trade Crusader Insurance for the short term because no one can accurately predict what is going to happen. It may go up or down depending on the mood of investors. Crusader has been swinging between massive supply and massive demand at the technical suspension price. I have no idea what is going to happen immediately after they lift the suspension. But there is something I can assure you, if you are in it for the long term, then go for it because they have the potentials to create wealth.

Regards,
The Knight of Delta.

Thnx Bro,

IBTC analysts listed a Projected PAT of 1,186,500,000 by 2008 FYE and a forward PE of 21.02. What does this imply?
Considering their performance trend in the previous years, i suspect that their could be an untold strategy that is yet to unfold. Otherwise, how can such PAT figure be achieved?
Do you have any info about the potentials that can drive wealth creation in the long term?

[henry_bonds@yahoo.co.uk]

can somebody help news of when crusader PO would be out?

[Panadol]

What is going with Crusader Insurance PO?

[knightofdelta]

Originally Posted by Panadol

What is going with Crusader Insurance PO?

Well, considering the sudden interest in the stock over the past few days, I believe something is about to happen. Let's pray it happens fast.

[Panadol]

I just got an email from a stockbroker and confirmed Crusader Insurance offer Would be in May. They had problem getting approval from SEC but settled now.

[juliusdudu]

The truth is no insutrance company will come to market now that the bear take hold of the market for if not for ts the stock would have fallen. I will rather buy lasaco @ 4.34 than crusader @ 5

[Apache]

Originally Posted by juliusdudu

The truth is no insutrance company will come to market now that the bear take hold of the market for if not for ts the stock would have fallen. I will rather buy lasaco @ 4.34 than crusader @ 5

Why? Please expantiate

[knightofdelta]

Originally Posted by juliusdudu

The truth is no insutrance company will come to market now that the bear take hold of the market for if not for ts the stock would have fallen. I will rather buy lasaco @ 4.34 than crusader @ 5

I am really interested in knowing why you want to make that decision.

[henry_bonds@yahoo.co.uk]

Originally Posted by juliusdudu

The truth is no insutrance company will come to market now that the bear take hold of the market for if not for ts the stock would have fallen. I will rather buy lasaco @ 4.34 than crusader @ 5

It makes more sense to buy Crusader at N7.5 that buy Lasaco at N4.5. With the 14Billion shares on Lasaco, I wonder how the company would grow enough profit to make it EPS comparable to the likes of Crusader. Therefore, buyer beware. Do not believe thing you read on those stock recommendation letter from FSDh and Meristem. Lasaco for now is a long long long term stock

In addition, I would recommend you buy Crusader now at N7.5 which puts you in a position to participate in the Right Issue instead of relying on N5/share IPO.

I hope I am making some sense. I would appreciate if the moderator can comment of my point.

[tunery]

I really find interesting all the comments on Insurance stocks. I have a good understanding of Insurance companies having been in d system for over 10 years. Investing in Insurance stocks is more of a lmedium to long term nature. Many of the companies engage in serious window dressing and reclassification of accounts. The fact that their prices are low compared with other sectors should not be the yardstick but real fundamentals. Many cannot produce results that will support their price and I foresee a serious drop in some of the prices. Only very few, which are fully diversed into other areas of investment, can boast of good returns
SO I SAY BUYER BEWARE

[tunery]

Why is the Crusader offer not out? I believe the NSE should give operators a two month deadline to companies who have their prices placed on suspension to finalise issues with all authorities or lift the suspension on price movement. It is obvious that if Crusader's price was not on suspension, it would have declined from its price of =N=7.50