onegentleguy:


I had a lengthy chat with him ealier today.
Its not been easy but the search for his daughter Chibugo is still on. ...while also exploiting other avenues that might be of help.

U did well by saying a prayer for her. ...pls lets all continue to pray fervently for the release and safe return of that innocent girl.
We can also help keep up the spread of the news or support her search in any way we can.
...like I said before, God can use one of us here to save that innocent child.

In all, I have total faith and strongly believe that she will return home to them hale and hearty !!
FOR OUR GOD ALMIGHTY WILL PROVE THAT HE IS GOD. ...HE HAS DONE IT MANY TIMES IN THE PAST, AND WILL SURELY DO IT AGAIN !!

IT IS WELL.

phemmie06:
The National Insurance Commission (NAICOM) on Thursday took over UNIC Insurance Plc.
The take over is coming on the heels of the Commission’s drive to sanitise the sector and ensure safety of policyholders investment in the sector.
Although, UNIC Insurance has been unable to pay claims to policyholders and had weak financial result, the Commission is yet to state its reasons for taking over the firm. Sources within the sector said the board of the firm has been sacked while a four man interim board to pilot the affairs of the company for the next six months has been contituted.
The interim board is chaired by NAICOM’s former Director of Finance and Accounts, Chief Samuel Ordu while Theophilus Eke will serve as its interim Managing Director. Other members are Ifeyinwa Ann Momah and Nicholas Shaiyen. The interim board has an initial period of six months to do a forensic audit on the firm’s financial position as well as point out the corporate governance failures observed in the course of reviewing the financial statements of the company.
It was also learnt that the Commission is prepared to intervene in more companies. Few days ago, the Commissioner for Insurance, Mohammed Kari said there is an urgent need for consolidation between the firms. He said aside the underwriters, all other insurance operators especially brokers would also need to consolidate.
Kari said the resolution to consolidate was reached and agreed upon by the regulator and operators at the Insurers Retreat held recently in Abeokuta, Ogun State. He further advised operators who are seeking or may want to seek for a new operating license to acquire some of the existing weak companies. He said consolidation will enable the companies to strengthen themselves financially.
He stressed that the Commission found that out of 27 companies, only 6 or 7 have paid dividend in last 3 years.

https://trwstockbrokers./2018/03/09/naicom-takes-over-unic-insurance/

phemmie06:
The National Insurance Commission (NAICOM) on Thursday took over UNIC Insurance Plc.
The take over is coming on the heels of the Commission’s drive to sanitise the sector and ensure safety of policyholders investment in the sector.
Although, UNIC Insurance has been unable to pay claims to policyholders and had weak financial result, the Commission is yet to state its reasons for taking over the firm. Sources within the sector said the board of the firm has been sacked while a four man interim board to pilot the affairs of the company for the next six months has been contituted.
The interim board is chaired by NAICOM’s former Director of Finance and Accounts, Chief Samuel Ordu while Theophilus Eke will serve as its interim Managing Director. Other members are Ifeyinwa Ann Momah and Nicholas Shaiyen. The interim board has an initial period of six months to do a forensic audit on the firm’s financial position as well as point out the corporate governance failures observed in the course of reviewing the financial statements of the company.
It was also learnt that the Commission is prepared to intervene in more companies. Few days ago, the Commissioner for Insurance, Mohammed Kari said there is an urgent need for consolidation between the firms. He said aside the underwriters, all other insurance operators especially brokers would also need to consolidate.
Kari said the resolution to consolidate was reached and agreed upon by the regulator and operators at the Insurers Retreat held recently in Abeokuta, Ogun State. He further advised operators who are seeking or may want to seek for a new operating license to acquire some of the existing weak companies. He said consolidation will enable the companies to strengthen themselves financially.
He stressed that the Commission found that out of 27 companies, only 6 or 7 have paid dividend in last 3 years.

https://trwstockbrokers./2018/03/09/naicom-takes-over-unic-insurance/

mendes911:


Next action is forceful takeover by a new investor.

1k rule is working joorrr. Good.

wanaj0:
For the lovers of Caverton, this may interest you:

http://www.4-traders.com/CAVERTON-OFFSHORE-SUPPORT-20707999/news/Caverton-Offshore-Support-Drive-to-Strengthen-Capacity-26133855/

https://www.thisdaylive.com/index.php/2018/03/09/cavertons-drive-to-strengthen-capacity/

The Chevron Contract was in 2017.

https://www.thisdaylive.com/index.php/2017/08/21/caverton-wins-chevron-contract-for-helicopter-services/

This na real FAMILY business. Chairman, Executive Vice Chairman and Chief Operating Officer as family members! Discussions will be done over dinner in the family dining room. If you don't have access to that room, better to stay away!

wanaj0:


More confusion!!!!

I thought what is listed now on the NSE is UNIC Holdings?

Is NAICOM taking over UNIC Holdings or UNIC Insurance? Is NAICOM taking over the ownership or only sacking the management?

wanaj0:
For the lovers of Caverton, this may interest you:

http://www.4-traders.com/CAVERTON-OFFSHORE-SUPPORT-20707999/news/Caverton-Offshore-Support-Drive-to-Strengthen-Capacity-26133855/

https://www.thisdaylive.com/index.php/2018/03/09/cavertons-drive-to-strengthen-capacity/

The Chevron Contract was in 2017.

https://www.thisdaylive.com/index.php/2017/08/21/caverton-wins-chevron-contract-for-helicopter-services/

This na real FAMILY business. Chairman, Executive Vice Chairman and Chief Operating Officer as family members! Discussions will be done over dinner in the family dining room. If you don't have access to that room, better to stay away!

wanaj0:
For the lovers of Caverton, this may interest you:

http://www.4-traders.com/CAVERTON-OFFSHORE-SUPPORT-20707999/news/Caverton-Offshore-Support-Drive-to-Strengthen-Capacity-26133855/

https://www.thisdaylive.com/index.php/2018/03/09/cavertons-drive-to-strengthen-capacity/

The Chevron Contract was in 2017.

https://www.thisdaylive.com/index.php/2017/08/21/caverton-wins-chevron-contract-for-helicopter-services/

This na real FAMILY business. Chairman, Executive Vice Chairman and Chief Operating Officer as family members! Discussions will be done over dinner in the family dining room. If you don't have access to that room, better to stay away!

RabbiDoracle:


Reactive NAICOM.

if not for the issues yesterday, so they wouldn't have closed in on UNIC.

phemmie06:


Hmmmm family on board, small outstanding numbers of shares, the family is capable of manipulating the share price.

Though won't be bad for JIJO anyways....

mendes911:
NASCON N1.50 dividend.....

Dividend yield of 6.26% as at present prices.

sellydion:


Say it again, that is my dividend stock!!!!

mendes911:
NASCON N1.50 dividend.....

Dividend yield of 6.11% as at present price of N24.55.

mendes911:


Hmm, this one might reverse in price. I hope you are an investor and not a trader.

sellydion:


My dear noting to reverse for this millionaire stock. Watch out.

mendes911:
NASCON N1.50 dividend.....

Dividend yield of 6.11% as at present price of N24.55.

valacious:

Where is d result?...the link just keeps rolling forever.

mendes911:


My family and I sidon for N15.00 junction dey wait for the bus (that's before dividend). Am not saying it must happen, that's the safe place for me to wait.

phemmie06:



Since our market operates T+3 then I guess those who bought into UCAP today might not be qualified.

sellydion:


My dear noting to reverse for this millionaire stock. Watch out.

mendes911:


My family and I sidon for N15.00 junction dey wait for the bus (that's before dividend). Am not saying it must happen, that's the safe place for me to wait.

Princkez:
rem this stock is very stubborn

sellydion:


My dear noting to reverse for this millionaire stock. Watch out.

rationalmind:


On the 23rd of February 2017, total released it's result with DY similar to what NASCON is paying. Price pulled back immediately by 5% and gained as much as 17% right afterwards.

I have seen this same pattern over and over and it keeps repeating itself. Investors behave in very similar ways, and someone who can patiently study how they behave and react to situations does not need to have any special knowledge of FA or TA before making money from the market.

Matter of fact, it's the "science" behind TA

sellydion:


My brother not a trader. but an investor, other things count, and everything fit together before trigger is put.
noting certain, I go for a profit of 100%. Patience is golden. More so reversal is not same thing as re-tracement.

sellydion:


My brother not a trader. but an investor, other things count, and everything fit together before trigger is put.
noting certain, I go for a profit of 100%. Patience is golden. More so reversal is not same thing as re-tracement.

RabbiDoracle:


If you bought at average price of N5 and still holding like bigjay, you don't need to fear. Because this will give you a Yield on cost of 30%.

However your post shows that you are waiting for 100%. Meaning that at the current price, your 100% has not been achieved.

Godspeed.

sellydion:


No, Now, I did not tell you when I bought now. I am just saying generally, if I don't see significant margin on the upside, no trade.