₦airaland Forum

emmasoft:
Get across to your stockbroker complete the form make sure you indicate your cscs number and CHN on the form and credit their account with the amount you wish to invest following the subscription instruction.

You can also go to your bank and do same. However, this will depend on the bank and the branch of the bank because some banks may not bother to participate or some branches of the bank may not be aware of the exercise.

emmasoft:
Get across to your stockbroker complete the form make sure you indicate your cscs number and CHN on the form and credit their account with the amount you wish to invest following the subscription instruction.

You can also go to your bank and do same. However, this will depend on the bank and the branch of the bank because some banks may not bother to participate or some branches of the bank may not be aware of the exercise.

samguru:
Good luck to all those buying MTN offer

emmasoft:
In addition to @emmanuelewumi post, please note:

Your trading platform from your stockbroker is basically for trading stocks. What is reflected there is your purchases and sales.

The content of your holdings in the broker's platform is not an official statement in the capital market.

The only document officially recognized to show your shareholding status is your cscs statement which you can get by request from your stockbroker or by subscribing annually to cscs plc.

Bonuses are not reflected on your trading platform and crediting of bonus shares into your cscs account is done by the registrars through cscs plc.

Your stockbroker is only giving you a platform to access the trading floor of the exchange. They don't credit shares, all shares are domicile with cscs plc.

Whatever quantity of shares you have on your cscs can be sold on the platform or by mandate as already stated above even if it's not reflecting on your stock trading platform.

ositadima1:
OK, I renewed d CSCS account and discovered a potential glitch. Under "My Portfolio" as well as "Analyse my Portfolio" the MANSARD line reflects only the received bonuses. I don't understand what happened to the original stock.

So, I go into Morgan Capital and under "Portfolio Valuation(summary)", I see both stock(the one I bought with my money) and bonus stocks.

I have mailed them and yet to be attended to. But why such errors?

emmanuelewumi:
The original stock was reconstructed, you should have a reduced number of shares

The one from CSCS is the authentic stock position for Axa Mansard

ositadima1:
Really, but the one on d CSCS is less than half my original stock value(I mean in terms of cash). Did mansard lose that much value since February this year?

If you held mansard through the restructuring period, I advise you check whether you have similar issues.

locodemy:
No matter how the market batters stocks.These stocks I listed below are high dividend yield stocks at NSE for now.They are good at the current market prices.

Zenith 12.27% dividend yield at the current price.
Gtb 11.81%
Npf 11.43%
Stanbic 10.82%
Cap 10.77%
Mansard 9.87%
Lasaco 9.43%
Access 9.29%
Dangote sugar 9.11%

More batter means more dividend yields.

Let's cherry pick from these list.

emmanuelewumi:
I experienced similar issue.


Check the transaction history of your Axa Mansard shares on your CSCS online

ositadima1:
I can't find transaction history on CSCS portal, but I am pretty sure I haven't sold d shares. Pls, did d restructuring result in loss of value, over 50% ?

emmanuelewumi:
Click on Axa Mansard.

The transaction history will show your purchase, sales, bonus and share reconstruction with the dates of the transactions

ositadima1:
OK, I did that.

On the 17 Sept I had a standard deposit approval of X Volume of shares. Again, on the 22 Sept I had a standard deposit approval of same X Volume of shares.

While on my Portfolio only X Volumes reflected. Not only that, if d 2X Volumes were to reflect I would still be down 20% from my buy price on 25 January. Doesn't make sense to me, something is wrong.

emmanuelewumi:
Do you know of any share reconstruction on NSE that didn't lead to value erosion and wealth robbery?

onegentleguy:
As @ Q1 2020, we mentioned on several occasions here that the insurance sector will be the next best place to be considering the positive impact recent policy shifts can have on it(planned recap exercise, CBNs dovish stand and other fiscal measures including the finance act of 2020)

I recall that was when I decided to gradually take position in some select names therein. A worthy move was accumulating 5M units each of AIICO, REGENCY ALLIANCE, MUTUAL BENEFITS and ROYAL EX and near 3.5M of LINKAGE for one chief I manage his portfolio seeing he was really quite liquid then. …with the middle 3 coys purchased @ a p/value of 20k, the 1st(aiico) @ a BEP of 61k and the last(linkage) @ 35k it was clear that capital yield can well come from cash flow accruals given they were broadly dividend paying assets.
With a few like REGENCY ALLIANCE having the best HPR with yield (@ circa 15% at the time) and healthy risk-reward ratio (BS position in view), there just couldn’t have been a better time!!
But more often than not, I was criticized each time I mentioned INSURANCE COYS. I remember how I had to leave a what’s-up forum following a rain of insult for daring to recommend 3 coys back then. I was called a chief MH for drawing folks attention to MUTUAL BENEFITS and LASACO after noticing that both coys had just witnessed a turning point(BS and CGP in view) and UNIONDAC for highlighting it as a possible rewarding buy-out candidate(EPA in view).
Most annoying was how the forum moderator (a member here) who was the one that 1st contacted me to join the said platform as an analyst/moderator also joined in the destructive criticism. Funny enough, none of those who criticized me could present proof to counter the analysis I had put up, so I had to leave. Time has since exonerated me!!

This is also part of the problems we face here. …it’s what some worthy members like mcy56, @rabbi, @megawealth and a few others face, and the reason I sometimes prefer to withhold certain sensitive information.
A case in point is JAPAULGOLD. After the coys much debated FP which saw a huddle with ACCESS BANK (then japauloil), I was asked for my opinion on the matter, to which I replied; No comment!!
In truth, I never covered the coy or had it on my watch list. ...but all that changed when a few lines in their report made me have a rethink and after an in-depth review, I reached out to several close pals and some members here(@bumba1234, @billtommy, @ekpotek, @charlesniper, @tradeinvestgal to mention a few) and told them to ACCUMULATE the coy after explaining the reason it was bound to appreciate in price. Most folks I know bought @ 20-23k. As I explained to them then, JAPAUL might not be healthy but 2 things stood out:

1) When u relate the coys current BS position to its SoI and benchmark it against its CF and CGPR potential, REWARD had overtaking RISK and was making a mockery of it.
2) There were some fine lines in between the then released poor financial print that highlights the need to raise funds(EFIR and CBR in view) and signals a strong possibility for a price rise to achieve that aim.

This was even before the name change was announced. I decided against putting it up here knowing what might well be the repercussion but still gave a hint back then. See one such post above with a hint(part in bold… a revert to @oracle)
Earlier today, I read from the sideline and observed some sharp criticisms targeted @mcy56, @megainvest and a few others and I just knew it could’ve been me!! …God, I would’ve been disappointed if after taking out time to put up a comprehensive analysis of JAPAUL here for gratis I got destructively criticized.
I am not highlighting these lines to prove any point or see myself as some sought of semi-god, but to underscore the fact that this forum, this platform CAN BE BETTER!!
We can all make it better and individually grow with it. Yes we can... if we can all stop it with the mockery, ridicule and toxic criticisms and start up building each other... particularly those who go out of their way to encourage, help and sometimes offer healthy and meaningful advice to others including the new ones in our midst without any form of pay/reward. Folks like @Oracle, @bigjay @mcy56, @currentprice, @Obagadafi, @rebakah, @Drawo, @fxuser and many others here deserve no less than a pat in the back and appreciated for all they do.

Understandably, a mix of emotion can take their toil on one and make them have extreme reservation towards certain select asset… perhaps because of their not-so-good experience playing such coys. But its NOT enough reason to hate it or find disgusting the mere mention of it. U can lose money in a coy today, and gain double ur invested capital in the very same coy tomorrow. Ur astuteness, doggedness and willingness to want to learn from the experience and lessons of that failed TRADE/INVESTMENT SETUP is what makes all the difference!!
We all wish to learn. It is often said that the day u stop learning, u stop living!! I personally love to learn. Engage and criticize me constructively and I will love u for it. …am sure the same can be said of many others here.

Some of us don’t like it when we see these bouts of negative comments.(even if it’s not directed at me, I hate it) Yes there might be some folks who give advice having ulterior/selfish motives, but u can tell that there are others who don’t tour that line. Some folks here mean well!!

Personally, I will NEVER put out any write-up with an intent to deceive. …it had, has and will never align with the basic principle that defines my person. For us, we respect and appreciate why the word INTEGRITY came before the duo of MONEY and SUCCESS in the dictionary. Before ever I advice or put up any post here or anywhere else, I must have put it through a thorough scrutiny drawing from several tested analytical models.
My last recommendation here (GSK) followed a proof-test of no fewer than 7 models, 4 of which I personally developed. …the highlight of the coys –EV was just one of the other known 3. As I stated here then; GSK would still be undervalued even @ N15!! (keep a close watch on that coy and do well to align if u are yet to do so)

While there is no such thing as ABSOLUTE CERTAINTY in the investment world, the INTENT 1st, and from there ur zeal/drive and investing strategy is what really matters !!

Now back to the talk on INSURANCE coys...
Let me quickly reiterate what I said here in times past; That sector is worth a % of ur investment capital. That said, a lot should depend on how well u do ur homework. It will require a case by case study of the coys in that index to ascertain the likely big winners in line with the recent recap policy by the regulatory body(Naicom)

A quick guide;
I covered about 20 quoted insurance coys on the NSE: 1- CUSTODIAN, 2- AIICO, 3- MANSARD INS 4- MUTUAL BENEFITS, 5- PRESTIGE, 6- NEM, 7- LASACO, 8- CORNERSTONE, 9- SOVEREIGN TRUST, 10- WAPIC, 11- ROYAL EXCHANGE, 12- VERITAS KAPITAL, 13- REGENCY ALLIANCE, 14- AFRICAN ALLIANCE, 15- NIGER INS, 16- SUNU INS, 17-CHI, 18- LINKAGE, 19- GUINEA INS and 20- UNIVERSAL INS to see how VALUE can be taped.

Of the 20, Nos 4, 2, 7, 9, 10 11, 12(yes I said 12) 13, 17 and 18, carries a greater weight of value drive/prospect given their MoS peg relative to CMP(risk-reward margin in view).

In view of the planned sector recapitalization exercise which will be 2-phased- 50% and 60% of the newly stipulated minimum paid-up capital for insurers and re-insurers respectively by 31st Dec 2020(expect a lot of activities from now till the release of FY2020 FPs to capture the 1st phase) and 100%/full compliance on or before 31st Sep 2021, I see 11 of them; Nos, 1,2, 3, 4, 5, 6, 7,10, 12, 17 and 18 meeting both deadlines and remaining as standalone entities with a 65% probability of acquiring the other 9. …by implication, the other 9 might pass the 1st deadline but could end up been acquired by these 11 and/or other external forces(either from within their in-house core investors or new entrants) or end up merging amongst themselves to form a bigger entity on or before the 2nd/last deadline of Sep 31st 2021.

And Yes there are a few lines to draw these inferences by relating their individual CF stand and SoI to the BS position in their financial prints and bench-marking same against the guideline of the proposed recap exercise.
However, nothing is cast in stone!! …so it’s imperative to remain vigilant and not throw caution to the gallery.

On a side note, those with holdings in No 3 should do well to thread with caution. …especially if u aligned post the bonus issuance but waiting to partake of the planned split exercise. (i.e. If u missed out on the QD of the 1st and is yet to liquidate any % holding). If u fail to extrapolate ur figures well, u might incur a loss post the split. It might be best to gradually follow through with a structured exit plan in time.
Remember that the split will likely create an exponential EM effect (4x price mark up in view)
Like I always tell folks, the increased price peg that follows a split is 88% of the time an overblown reflection of a coys valuation… so there’s often a near 1 prob. that price will fall to mirror the true value of the asset relative to earnings and the perception of market participants thereafter. ...the fall though, will depend on the assets proposed factor of X. …that of MANSARD requires a careful breakdown of ur trade/investment setup to avoid a loss.
Note that this is not to say that MANSARD is an unworthy play, but to accentuate the need for carefulness.

If I can elk out the time, I will do an article drawing from an extensive analysis/review of the insurance 20 to further help us with the quest to seek REWARD.

Disclaimer: The part in italics should only be viewed subjectively. …it is NO license to any sought of recommendation. Due diligence still applies as always.
My advice? Pls follow ur instinct.

Selah

ositadima1:
Potentially Losing a whole 50% plus of my capital is too much in my opinion. This is crazy. Fùck Mansard.

ositadima1:
Potentially Losing a whole 50% plus of my capital is toomuch in my opinion. This is crazy. Fùck Mansard.

emmanuelewumi:
Do you know of any share reconstruction on NSE that didn't lead to value erosion and wealth robbery?

locodemy:
That's reconstruction for you my brother.Anytime you hear about it, try to run away from the stock involved before it is suspended.
Looking at Mansard at post reconstructions, it is ripe to reward shareholders especially the dividend yield is very good.The results released so far not bad.
For Loco, Mansard and Lasaco are good to play at current prices.I am sure you will recover your losses in mansard in a short while.

sterlingD:
I am wondering they ;Axa Mansard are yet to release their Q3 report.

locodemy:
https://doclib.ngxgroup.com/Financial_NewsDocs/34421_AXA_MANSARD_INSURANCE_PLC%20_QUARTER_4_FINANCIAL_STATEME.pdf

Make use of Eps, make use of 9b os in 2021 as against 36b os as at 2020.

By year end dividend of 20-22kobo is possible.

locodemy:
https://doclib.ngxgroup.com/Financial_NewsDocs/34421_AXA_MANSARD_INSURANCE_PLC%20_QUARTER_4_FINANCIAL_STATEME.pdf

Make use of Eps, make use of 9b os in 2021 as against 36b os as at 2020.

By year end dividend of 20-22kobo is possible.

currentprice:
Ekuu Mkt o

currentprice:
Ekuu Mkt o