Mutual Benefits Insurance is back to the market. Let us welcome them back.

MUTUAL BENEFIT ASSURANCE POSTS N5.42BN LOSS IN FY 2021
Mutual Benefit Assurance recently published its Audited Financial Statement for the year ended 30 December 2021.
The underwriting firm reported a turnover of N29.299 billion for the 12-month period, up by 46.61% from N19.984 billion reported the previous year.
A loss after tax of N5.42 billion was reported for the period under review, as against the profit after tax of N5.109 billion reported in FY 2020.
Earnings per share of the group declined to –N0.27 form the EPS of N0.25 reported the previous year.
At the share price of 25 kobo, the P/E ratio of Mutual Benefit Assurance stands at -0.92x with earnings yield of -108.16%.

MUTUAL BENEFITS ASSURANCE REPORTS N3.5 BILLION PROFIT IN H1 2022
Mutual Benefits Assurance Plc has posted a profit of N3.5 billion profit after tax for the half year of 2022, a significant jump from the loss record of N1.98 billion loss reported in the same period of last year.
According to the financial report by the company, the increase in profit follows a significant rise in the premium income reported by the insurer. This is as inflation continues to witness a tremendous rise during the period, hovering at a double-digit figure.
The report shows that the gross premium written and the gross premium income – from the life and non-life business – stood at N18 billion and N15.6 billion for the first six months of the year. Compared to the same period last year, the amount signifies 20% and 16% growth.
The insurer had earlier stated that it increased its capital base to reach N20 billion with Life and general business taking a N8.8 billion and N12 billion respectively. Hence, increasing its appetite to take on more risks.
Highlights include
Similarly, recovery from economic activities continues in 2022 from the slowdown seen in 2020 due to the lockdown which caused a lot of people to prioritize their spending on basic things as well as to the #EndSARS protest that saw lots of properties destroyed.
With premium of N1.9 billion ceded to the insurer, the net premium income stood at N13.7 billion while the net underwriting income was N14.2 billion.
The company also reported an increase in investment income to N1.2 billion in the first half of 2022 from N559 million in the first half of 2021 as well as a growth in management expenses to N2 billion from the N1.7 billion record.
Total assets of the company declined slightly in six months to close at N89.6 billion in June 2022 from N83.8 billion in December 2021.
Mutual benefit last traded at N0.25 as of Friday 19th August 2022 while its market capitalization stood at N5 billion.

MARKET COMMENT 23 AUG 2022
Below is extract of our report to our members this morning. The report is to be considered in conjunction with our profit forcasts, temporary support levels and projected high and low prices.. We are happy that many investors, corporate entities are using our report (the price is so Cheap and you can beat other to the cheese of market profitability.

Market cyclical bear pattern in play. There is too much selling into support level by the smart MONEY. Today we show our expected low/high for today and the week for FBNH. Market bearish trend likely to continu.as stocks retracing are too many.

STOCKS WITH STABLE PRICES : WAPCO. Xxxx (we can buy small qty around Bleep), XXXXX (can buy small qty around Bleep), XXXX (not good for buying if above Bleep),............

WAIT: CONOIL, XXXX, Bleep , Bleep,............

STOCKS RETRACING IN PRICE: AIRTEL, XXXX, XXXXXX, ETI. XXXXX, ........ ,

[i]STOCKS IN DOWNTREND: [/i]ACCESS, XXXXX, NPFMCR, XXXXXX, XXXXX, .......... ,

If you are not using our reports, you are missing opportunities to either make money or prevent yourself from suffering losses in the market. And like we always emphasized, this report is for our usage first, so the less people that have it. the better for our members and really we want to ensure that it does not circulate too much

JAPAUL on full-bid.

Best JIJO Stock this year.

creategist:
It's great to have you back on the air Doc! Yet another high quality guest. Thank you for this podcast!

Thanks for the kind words indeed...
Hopefully, we should be more stable/ regular going forwards...
Many thanks...

bennyflipy:

What would you advise

I cannot advise you.. .

Everything depends on your investment plan.

But there is enough information here to help you.

You can read Oga Emma, Onegodlyguy, oracle and many others comments to guide you.

Someone shared here a few days ago, that he earns about 100k monthly from his investments. That is a goal and plan. He plans to increase the monthly income gradually. Note that the earnings are not from price appreciation but rather dividends and coupons.

Zenith

ZikkyChops:
Zenith

https://doclib.ngxgroup.com/Financial_NewsDocs/36693_ZENITH_BANK_PLC%20ZENITH_BANK_PLC_%20_CORPORATE_ACTIONS_AN.pdf

emmasoft:


https://doclib.ngxgroup.com/Financial_NewsDocs/36693_ZENITH_BANK_PLC%20ZENITH_BANK_PLC_%20_CORPORATE_ACTIONS_AN.pdf

https://doclib.ngxgroup.com/Financial_NewsDocs/36692_ZENITH_BANK_PLC%20_QUARTER_2_%20_FINANCIAL_STATEMENT_FOR_2.pdf

q2 result

3ok divdend

emmasoft:


https://doclib.ngxgroup.com/Financial_NewsDocs/36693_ZENITH_BANK_PLC%20ZENITH_BANK_PLC_%20_CORPORATE_ACTIONS_AN.pdf

No growth in comprehensive income and assets.

But interim dividend of 30k. The usual trend.

But will it be same for final dividend?

Mpeace:
Pls why is seplat on full offer. Does it have anything to do with the exxon mobil deal?

Yes, part of the reason..
But pull back already overdue...
Bearish Pin bar ....
Both on the weekly and monthly time frame...
We wait to renter again...

PETERiCHY:


Federal GOVT is BROKE!

EXCESS CRUDE ACCOUNT depleted.

EXTERNAL DEBT risen astronomically!

USD is now N730 heading to N1000.

Nigeria ECONOMY towing the Venezuela WAY!

Meanwhile some are busy talking about cooked financial prints

PEOPLE PERISH DUE TO LACK OF KNOWLEDGE

MOTIVATIONAL SPEAKERS had lead alot to PERPETUAL PENURY.

Meanwhile Mr MARKET rightnow

[quote author=X21 post=11598367

https://doclib.ngxgroup.com/Financial_NewsDocs/36692_ZENITH_BANK_PLC%20_QUARTER_2_%20_FINANCIAL_STATEMENT_FOR_2.pdf

q2 result

3ok divdend [/quote]

What is the payment date for this 30k interim dividend declared by Zenith Bank?

https://doclib.ngxgroup.com/Financial_NewsDocs/36695_STANBIC_IBTC__HOLDINGS_PLC%20CORPORATE_ACTIONS_ANNOUNCEM.pdf

N1.50 from Stanbic!!! Thank you very much, higher than I was expecting.

q[quote author=leparj post=115988031][/quote]

qualification date 6/09/22
payment date 13/09/22

Ades1:
https://doclib.ngxgroup.com/Financial_NewsDocs/36695_STANBIC_IBTC__HOLDINGS_PLC%20CORPORATE_ACTIONS_ANNOUNCEM.pdf

N1.50 from Stanbic!!! Thank you very much, higher than I was expecting.

Awesome! Time to chill with a glass of wine and watch molue chasers take STANBIC to circa N30!

seyisanya:
Awesome! Time to chill with a glass of wine and watch molue chasers take STANBIC to circa N30!

Nice one ...
From Stanbic...
Km 40 here we come.

Ekuu market o

many of us on breaks, we will join nsmpa/mkt later when the deal is done..... despite plenty fundamentally sound stock on nse, Mkt is not yet mature to enter as TA still pointing to the downside

we stand by our last post quoted below


vvvv
vvv
vv
v

currentprice:
base on fundamentals... most Companys on nse are ok in my opinion so no shaken but am expecting market to fall more technically. next nseindex to watch is around 47,000. if broken, final destination around 41,000.

good thing is some stock may not follow the index down because they have done much falling ahead of the index already. I expect gtco to touch new low and zenith 17

._{^{3 days bonanza coming... watch out!}}

_{^{run back to my hole to go and short AUD/Usd for long time}}

X21:
q

qualification date 6/09/22
payment date 13/09/22

Thanks.

TARGET STOCK SIGNALS FOR 24 AUG 2022_ THIS IS EXTRACT OF OUR MESSAGE TO OUR SUBSCRIBERS TODAY
The all share index still tilts more to the selling side, more stocks are showing some big seller showing up or some people just want to get out of the market. Thus we still need cation in our buys, bit a time to take high risk.

STOCKS WITH STABLE PRICES : XXXX , DANGCEM (temp support @ 243), XXXX............

WAIT : ACCESS, XXXXX, CUSTODIAN, CONOIL, XXXX, OANDO (showing lower low), XXXX,..........

STOCKS RETRACING FROM RECENT HIGH : BUAFOOD, CADBURY, XXXXXX, XXXX , XXXX , XXXXX (big seller around),...........

STOCKS IN DOWNTREND : XXXX , AFRIPRUD, AIRTEL, FLOUR MILLS (big seller around), XXXXX, XXXXXX, NASCON (big seller around)..........

The Global market still grappling with issue of inflation and recession. US market as this morning looking not too bearish as market awaits FED Chairman opinion on rate cut opinion

TARGET STOCK SIGNALS FOR 24 AUG 2022_ THIS IS EXTRACT OF OUR MESSAGE TO OUR SUBSCRIBERS TODAY
The all share index still tilts more to the selling side, more stocks are showing some big seller showing up or some people just want to get out of the market. Thus we still need caution in our buys, not a time to take high risk.

STOCKS WITH STABLE PRICES : XXXX , DANGCEM (temp support @ 243), XXXX............

WAIT : ACCESS, XXXXX, CUSTODIAN, CONOIL, XXXX, OANDO (showing lower low), XXXX,..........

STOCKS RETRACING FROM RECENT HIGH : BUAFOOD, CADBURY, XXXXXX, XXXX , XXXX , XXXXX (big seller around),...........

STOCKS IN DOWNTREND : XXXX , AFRIPRUD, AIRTEL, FLOUR MILLS (big seller around), XXXXX, XXXXXX, NASCON (big seller around)..........

The Global market still grappling with issue of inflation and recession. US market as this morning looking not too bearish as market awaits FED Chairman opinion on rate cut opinion

WHERE ARE THE OWNERS OF THIS HOUSE
Although I am a part owner too!!!

Lol

Please, how can I buy shares on the London stock exchange? Can anyone help?

Is there anyone who can help me with a small sum of cash?
I'm at a low point in life rn, I have no prospects going for me presently
Things are just... bleak. To say the least

Who can lend a helping hand here please? I need your assistance

You can diversify your investment here with us. Visit the link below

https://www.nairaland.com/7298961/trading-team-finally-cracked-forex

Fxmanager:
You can diversify your investment here with us. Visit the link below

https://www.nairaland.com/7298961/trading-team-finally-cracked-forex

This is NSEMPA...
Not Forex...
We only speak Nigerian Stocks...
Meanwhile, I will advise you to join
the Copytrading Platform of some of the top FX Brokers...
If you are good as you claimed...u will get investors with less stress...
U also have trading challenge competition from some top brokers...
If you are a pro..they give you access to a large capital to trade
based on performance.

Fxmanager:
You can diversify your investment here with us. Visit the link below

https://www.nairaland.com/7298961/trading-team-finally-cracked-forex

thief like you
better make use of your time well

CosmicGoat:
Is there anyone who can help me with a small sum of cash?
I'm at a low point in life rn, I have no prospects going for me presently
Things are just... bleak. To say the least

Who can lend a helping hand here please? I need your assistance

Go and meet your Family and Friends. They know you better. All the best.