Investing In Nigerian Insurance Stocks: How Good Is It?

Hello everyone,

I've been reading about some insurance companies on the Nigerian Stock Exchange,
and i would like to know if its sensible to invest in the stocks of Nigerian insurance companies.

Any idea would be appreciated, thanks.

i think the insurance sector has great growth potential especially in the light of the consolidation exercise which mirrors that of the banking sector.

THANK 4 PLAY

I'l like 2 add 2 dat as im in d insurance market. U can invest in insurance companies dat would or ave recapitalized. Most of dem would b owned by banks so its a good investment in the long run (and i mean long run).

I'l like 2 add 2 dat as im in d insurance market. U can invest in insurance companies dat would or ave recapitalized. Most of dem would b owned by banks so its a good investment in the long run (and i mean long run).

Insurance company in Nigeria just rounded up with recapitalization, before this event few of them are the ones in the stock that are doing relatively good, be patient with the recapitalization to upturn their investment.

What do you think of mutual benefit?

I think mutual benefit is trying, i bought the shares at the end of march for 1.81k and as at yesterday it was going for 5.35, i think thats good enof, it rises every other day and its still going to improve. watch out

what do you think of lasaco
have i missed the boat for mutual benefit?

Investing in insurance stock is a good investment. The price of insurance stocks have been appreciating since recapitalisation exercise and will encourage members to invest now.

Lasaco and mutual benefit are good, what about the newly listed insurance stock Continental Reinsurance Plc. I learnt that it is the first and only reinsurance company listed on Nigeria Stock Exchange.

i learnt this reinsurance company, continental reinsurance plc got listed about two weeks ago at 1.26k and as at yesterday its 2.08k

You guys should watch out for Guinea Insurance !!!!

I wont say anything more than dat.

Just bought it at N1 per share yesterday.

excel 12 are u sure guinea insurance is available on the floor of NSE because i requested for it but wasnt available.please let me know how u got urs,am interestedin buying that stock.

excel 12 please help me with useful information(broker) that can help me secure guinnea shares next week to my e mail : brai4_real @yahoo.com

pls also include how i can get lasaco and continental reinsurance plc shares to my box : brai4_real@yahoo.com

i spoke to some of my colleagues about investing in insurance companies and i have confirmed they are the only cause of this year rare disease i call TMM(Too Much Money) for investors.

excel 12, let me know if Guinea Insurance stock is still available. I ve been looking for it. My number is 08052146342. I also need Custodian and Continental Reinsurance stocks. These are good stocks. Thanks. My email add is: cyonujemen@yahoo.co.uk

@excel12

please fix me up. how do i get these insurance shares? my email addy is bogidan@nigeria.multichoice.co.za.

what really suprised me is the Dangote salt shares that was just released yesterday. my stockbroker told me that the list for the purchase has been concluded yesterday. that was unbelievable! no wonder some people said the rich will continue to be rich.

anyway, i think the stock brokers should wake up! they are too relax for my liking. they need all the customer care they can give to their client.

Bb

wait a minute peeps. i thought i heard that guinea insurance is one of the insurance stocks that has a problem with its recapitalization. that was why the NAICOM boss even got sacked. anyway i heard that the list of all the insurance coys that are free from any scandal will be published end of this month. pls let me know if theres any info contrary to what i have

Dis Guy ,

you're not too late for Mutual Benefit Assurance. It's dropping now so you can book it with your broker to buy when it falls to 4.5 ( if it falls that low). With a forecast EPS of 35k based on the latest result released it should go further up. Another good one is NEM. let NEM drop to 5 before buying it.

Titilayo,
I see you recommend LASACO. Do you have the Forecast EPS for LASACO? I would like to know it.

Hey, check this link for the LASACO EPS. pls let me have your analysis, i just bought their shares

http://www.nigerianstockexchange.com/quoted_company.jsp?case=*0*LASACO

Thanks, but the EPS and PE posted on NSE site are Trailing EPS or PE.
Because of the fast growth rate in the insurance industry what we need to determine a comfortable value for LASACO's is the Forcast EPS not the trailing EPS or PE. It can also be calculated from a recent audited or unaudited quaterly result. Do you have any of these? They are not on NSE site.

Can this link help in the analysis? http://www.nigerianstockexchange.com/downloads/lasaco.doc

I am also interested in LASACO

oK, l now understand the difference. l dont have it. l just hope l never made a buying mistake. will be glad to have the analysis if you get the needed info.
thx.

Hi! fellow members,

I wish to ask of help from any of you thats aware of any stock thats capable of doing well between now and Xmas?

Thanks

teena, The latest financial report for the company on that link is 2001. It can't be used to get the forecast EPS.

Please anyone out there with news on Equity Assurances' standing in the Nigerian market?

at your own risk o!

at your own calculated risk o!

Just added a biz adjective for us.

yes, thanks for the addition. i almost forgot