yMcy56:

You see, one thing that's still pending is the insurance recapitalization exercise.
Except AMCON or whichever body in charge of this withdraws or cancel it, then it will still take place maybe with extended deadline.
When?? We don't know yet.

Most of the insurance companies have commenced activities in line with that........ That's why you can see the likes of NEM, MANSARD, AIICO, LINKAGE, MBENEFIT and maybe some other ones doing reconstructions, giving bonuses, embarking on right issues as well as sourcing for investors both within and outside the country to be able to meet up when time comes.

Some will be acquired while some will merge in the course of this. So, no hope is lost yet.
If not for the aparthy towards insurance sector, quite a lot of them are undervalued.

mahommie29:
Hmm, maybe I should dabble into WAPIC then

jideflash:
Except SUNU, thats a loss making machine, with ridiculous EPS

yMcy56:

You see, one thing that's still pending is the insurance recapitalization exercise.
Except AMCON or whichever body in charge of this withdraws or cancel it, then it will still take place maybe with extended deadline.
When?? We don't know yet.

Most of the insurance companies have commenced activities in line with that........ That's why you can see the likes of NEM, MANSARD, AIICO, LINKAGE, MBENEFIT and maybe some other ones doing reconstructions, giving bonuses, embarking on right issues as well as sourcing for investors both within and outside the country to be able to meet up when time comes.

Some will be acquired while some will merge in the course of this. So, no hope is lost yet.
If not for the aparthy towards insurance sector, quite a lot of them are undervalued.

If not for the aparthy, how can you explain Custodian for instance still dilly-dallying around N7, with that type of result and div payouts??

Curry30:
Meristem app still not working. Website not responding

yMcy56:
JAIZ
The insider's bid @0.77k though......

SEPLAT
Full bid @945.80.........price not yet moved officially.....

jideflash:
Do you know with 32million naira you can own 1% of universal insurance which is selling 3x below its book value, with Equity/shareholder fund worth 10billion naira. Meaning your 1% stakes gives you 100million naira in shareholder fund value.
Don't Dull.

yMcy56:

Lol. Who could have thought it would go this far...... Wonders of NSE.
......but from the findings that time, if I could still recollect, German Govt has a stake in the Coy thru a private coy, which could have been another factor that could be influencing their operations positively.

As for NIGERINS, I also observed the activities there from 20k and has recently been on full bid.......
Maybe acquisition or merger is in the pipeline who knows.

Deadlytruth:

Vanguard carries that talks on acquisition of large stake in NIGERINS by a foreign investor have just been concluded. Proshare carries it too.
I refrain from saying more on this to avoid the monkey hunter label.

jideflash:
Do you know with 32million naira you can own 1% of universal insurance which is selling 3x below its book value, with Equity/shareholder fund worth 10billion naira. Meaning your 1% stakes gives you 100million naira in shareholder fund value.
Don't Dull.

Heishere:
Bad belle people full hear. See as them don cast my opportunity to acquire an asset. sonofElElyon if you change your mind holla me.

Heishere:
Bad belle people full hear. See as them don cast my opportunity to acquire an asset. sonofElElyon if you change your mind holla me.

Nigerialabalaba:


Oga mi, na 1/4 of dat N32m I go fit use buy 1% of beta upcoming company wey dem shareholder fund dey N1 billion o.

If I use N32m go buy 1% of universal dugbe shares and universal con wake up tomorrow do share restruction of 10 for 1 and con sell the new 90% to a core investor, no be so my 1% don turn to 0.1% and I don use N32m take buy N10m so?

If dat one happen ehn....

Igi paw paw o ni wo pawa o

Mpeace:
There are several publications on transcorp oil and gas. Look through their annual reports and see some. Also google and find many. This is another I got from google. Note that this is different from earlier once.

wanaj0:


Heirs is in partnership with Transcorp. What's the nature of the partnership? Has TRANSCORP issued any notice on the NSE to that effect?

Tony used Heirs holdings for the acquisition.

Transcorp has its own Oil Block but don't think they are doing anything on the block.

Nigerialabalaba:


Oga mi, na 1/4 of dat N32m I go fit use buy 1% of beta upcoming company wey dem shareholder fund dey N1 billion o.

If I use N32m go buy 1% of universal dugbe shares and universal con wake up tomorrow do share reconstruction of 10 for 1 and con sell the new 90% to a core investor, no be so my 1% don turn to 0.1% and I don use N32m take buy N10m so?

If dat one happen ehn....

Igi paw paw o ni wo pawa o

sonofElElyon:


Everywhere online including transcorp website when you click on transcorp energy you see heirs holdings in partnership with transcorp.. re that oil well acquired

Marketapprentic:


I don't really know what's up on this, but it seems that something is coming or going to happen maybe soon. The way it is rising but people are not offloading as it is usually the case in this kind case of DRY BONE SHALL RISE. They are not releasing the volume which might mean that they want to move the price to new location.

wanaj0:


The question to ask is the nature of the partnership?

Heirs is the owner.

Nigerialabalaba:


oga mi, talk true , you too like giveaway .

If Baba Eleniyan dash u all for 150k and next week and upper week, universal con do like Nigerins abi RTB dey do ten ten percent reach 49k wey fetch you N735k from N150 in 2weeks, shey u no go fear quickly return am to the oga before d matta reach awon ancestors?

currentprice:
Ekuu Mkt o
Afripud Audited report is out

currentprice:
Ekuu Mkt o

Afripud Audited report is out

sonofElElyon:


Same N1b for dividend like in 2020. Same 50k per share

emmanuelewumi:

When the current ceo of United Capital was in APR, APR paid a bigger dividend.
Now that he is in United Capital, Ucap is now paying better than APR.
When he was in APR, he planned managing the registers of Staff cooperative societies in the private sector, also planned diversifying into real estate.
Registrar is a dead end business, you need a resourceful and an innovative CEO to turn around the fortunes of APR

Capitas7:

...and from 71k EPS compared to 72k 2020 EPS. There is no noticeable growth to make investors particularly excited.
This reminds me of Pa Emma's note from a week ago:

AFRIPRUD remains the dry bone I will keep believing in: someday it will rise again . Hopefully more opportunities (lower entry prices, attractive P/E) to load will open up in the coming months. Far from the best, but way better than many on the exchange.

emmanuelewumi:



I see them doing well, going forward. They are planning to diversify into other businesses

Let us give them another 2 years