₦airaland Forum

Mpeace:
You think it can go lower? Sorry Sir. My mistake

Interesting..

Mpeace:
For lovers of insurance stocks, food is ready. Standard Alliance @ bonanza price.
Cc: Chibuking81

Why do you think it is at bonanza price?

Is it because of the oppressing offers available?

Good morning NSEMPAites,

I never knew there is an indicator called 'Misery Index'.

onegentleguy:
Apparently, someone is either not been honest or do not have a practical understanding of what it means to be in a debt crisis.

U can NOT lay claim to be managing well ur debt burden, when ur current debt to GDP ratio, and worse still ur debt to REVENUE has been worsening with no visible positive impact on the real sector of the economy !!
U can NOT claim to have a working debt profile when a greater % (of over 40%) of ur total debt burden is been utilized with funding CONSUMPTION !!
U can NOT assume that ur debt burden is well managed when less than 20% of ur total debt spend on consumption has gone to PRODUCTION, less on key infrastructure spend and even much less on core drivable sectors of the economy. (like education).

This guys are high on something. Someone should pls remind them that the current so-called stable fiscal policy stance has NOT managed to reflect on the larger economy. They are also not seen the current u-turn on the ease of the country's inflation.
Someone, somewhere, really to needs to start viewing things as broad as they are wide.

It is well !!

"Director-General of Nigeria’s Debt Management Office (DMO), Ms Patience Oniha, has allayed fears of some observers that the country was already in a debt crisis.

However, the debt office boss admitted that the nation was not generating enough revenue to fund some critical operations, but stressed that Nigeria was still capable of servicing her debts.

Ms Oniha, in a chat with newsmen on the sidelines of the International Monetary Fund and World Bank Group summit in Indonesia, noted that efforts were being done to avert a debt crisis in the Africa’s largest economy."


Very political combo.. Running Nigeria like it is a secondary school chemistry laboratory..

Yayira:
See people wey kill Skye bank and also digging diamond grave.. whilst their own company is doing well.. wicked creatures

This whole drama has been on b4 2014. Meaning the payment may take another 4 years if I extrapolate right. We are here waiting..

Mcy56:
Yeah. For two consecutive years now, they declared 14k, a dividend higher than what FCMB or even Fidelity declared, yet it wasnt patronize as such. You can only see buyers queing up at lower prices..... below 1.40.
However, I think its a stock any dividend lover should have in his/her portfolio and besides, it doesnt shed price as such during bear period.
They have subsidiaries in other countries which generates good revenue for them . So as a group, they make good profits yearly.

oh.. thanks.

Mcy56:
Continental Re is a good insurance stock which should be selling at nothing less than N2, it consistently pay yearly dividend.
In fact it should take its place among the best 3 insurance stocks on the Exchange but I think its not sentimentally favoured and it doesnt have active MM I suppose.
It"s movement is unpredictable. One supplier might just come and crash the price just like that. Similar scenario happened last week.

I noticed it.

Question..
What accounts for revenue increase for Continental reinsure? I ask because it insures the insurance coys and I want to believe rates are more or less fixed.

Godlylifeoneart:
https://www.businesslive.co.za/rdm/world/2018-10-10-what-trumponomics-means-for-the-rest-of-the-world-and-its-not-good/

America first. When will we have Nigeria first..?

Another beautiful week loading... NSEMPA.

Happy Sunday in advance to you all.

Mcy56:
Lol. Real drama.... but APC has an edge over PDP sha, na wetin I know be that.
APC may decide to [b]instigate efcc against Atiku, [/b]he doesnt have a clean record.

Sure APC will but a smart Buhari will rather contest against Atiku.

Ugosample:
I'm lost

Dont worry. Just track the stock and u will know which peter is being referenced.

mendes911:
Meaning overweight babes don't do "horse riding"? Take time Ooooh Sir Swilo.

Lol..under pressure anything is possible..

Mcy56:
Wondjurement. What did you expect before?
It closed at 1.25 anyway.

The stock is like an overweight woman. No amount of love will make u tell her to sit on your laps.

DeRuggedProf:
https://trwstockbrokers./2018/10/09/cbn-liquidates-another-bank-over-liquidity-problem/


NOT Diamond.....

Very funny..

arduino:
Make dem take am easy oohhh.....I dey heavy inside WEMA, Jaiz and Diamond Banks

I love your conviction Bro. Team 'he that is down..'

To Diamond Bank faithfuls,

Diamond Bank is trying to use gear 5 to climb a very steep hill..

DeRuggedProf:
You are heavy here....

Lol...

You seem to have seen my portfolio.

Watching keenly.. my usual concern is the stop loss of a thing (that's why I pray it moves above N2) but this time, if it hits my stop loss, I will obey before complain.

Mpeace:
After the EGM and all the approvals, Aiico still dey where e dey. Na wa oh. Loco pls do something.

Do you know if Loco is the PP investor??

BullBearMkt:
...Fidelity Bids Vs Offers is almost 4:1 People like beta tin sha!

It seems buyers believe the Fidelity will still find its way to N1.63-N1.71.

The number of bids there alone can send Fidelity to "N2.00 if properly managed"..

aremso:
Any bonanza again?

Bonanza is Chibuking to decide.

Atiku vs Buhari (IMO rules out political / election related instability by a great margin).

Any bonanza will largely depend on reactions to Q3 results.

akinssan:
Morning all, how was the weekend...?

Hope the bulls are showing this week...

The bull is still eating,

I see several cutlasses sharpened for Q3 result release now that a bit of certainty has been attained in the political space with CBN on the sideline for now after the Skyebank hazard/zero delta MPRs.

hyness:
Bored? no @mendes am not, my life is full and am busy. l have no time to look for roforofo wit any faceless person behind the keyboards who deliberately targets people for no reason.
People make jokes here, criticise opinions/views but do not purposely pick on anyone for no reason. Pages have been filled here with off topics playfulness, and no one begrudge, then they see a post or two that is even on topic and they come out!
This Forum is full of lots of respectable people who come to selflessly & freely share their knowledge and experiences (God bless them) on stock trading and matters around it/related to it, which is the essence of the platform, so am not gonna derail the thread by engaging in any unnecessary exchanges, I will just ignore!

Today is Sunday o.. Someone cannot play with you... Sister mi.

Dupeodus:
If you want to join me in this fight against the AIICO Private Placement, please email me at Modupe@Comcast.net. There is so much corruption going on in Nigeria's corporate governance. Retail investors should not just roll over. I have already filed a complaint against the company with the SEC but we need to attack the EGM itself.

Dupe, what is the outcome of this? Seems the EGM has taken place already.

pluto09:
Aiico quarterly results are not reliable o.
All those profits can disappear by year end.

Sir Wanaj0 / Sir Pluto09, you never passed this Aiico through the porter's 5 forces stuff again.

With the injection of the N5.28B, (PP shares ranked same as ordinary shares) all things being equal, Aiico should trade for N0.96k or more (from the ordinary shareholder's standpoint, although N1.20 is the perceived value). This doesnt factor in the diluting effect of the PP shares on the EPS. Another analyst, online, thinks some figures in the AFS & QFS, if properly placed and accounted for will make Aiico to be priced @ N3.26 (this is subjective).


What this PP investor is doing seems to be more legit compared to what Milost tried to do with Japaul.

onegentleguy:
On AIICO;
EGM has just ended, with the motion for a SPECIAL PLACEMENT TO A CORE INVESTOR at an offer PRICE of N1.20 successfully passed !!
...and the boared doing well enough to clear some shareholder worries WITH A SOLID...

#BELIEVE
#ANDKEEPBELIEVING

OGG,

Please, can you highlight the post where you tore down AIICO's financials especially H1? The analysis I saw online is so subjective and full of beliefs.

For an investor to pay 120k for an 80k share means there is a magic wand somewhere.

Mcy56:
It's this post that made me to check FM price, dont know the price had dropped that much!
It is well o.

No be small o. This market is very dicey this days. You buy cos of right issue and you end up on the left hand side of things.

currentprice:
u wouldn't believe that i have no single stock in my portfolio for now but i am entering the mkt next week by God grace

You are too much o.

Some people here will only project a stock when the stock can only be used as firewood.

God bless you bro.

currentprice:
in my opinion, based on their recent numbers i believe it very good

note; i have no single unit of fidelity as at today o

CP,

dont be offended o, which stock do you buy or have sef? We cannot be making the money while you are standing on the sidewalk, are you a good samaritan?

Mcy56:
No.
Example, recently concluded Mbenefit right issue.

Please, was it over or under subscribed? I have been seeking info on it for a while.

Mpeace:
They whole recapitalization thing has been suspended na. https://nairametrics.com/fg-follows-court-order-suspends-insurance-firms-recapitalisation/
I don't even know which direction Insurance sector is heading.
I have always seen the 20kobo rule as one designed to enable easy/aggressive takeovers. Pple will buy off some insurance companies soon. They are now so cheap.

Thanks,

thank God I asked, at least I can still JIJO small.

locodemy:
No I don't have it because I am in shortage of cash now.i consider it as the best insurance stock to buy now following their latest result and q3 to drop soon and the right issue @ 1.20.Tomorrow will show us a clearer direction on the stock.

Does rights issue always imply increase in stock price? Why will I take up my rights when I can get the stock for less in the secondary market?

I am just curious..

Mpeace:
I don talk am before. The next real tsunami will be in the insurance sector. Many will not remain the same.

Seems there is a magnet attracting insurance stocks to 20k.

Is there any news of mergers or acquisitions yet within the insurance sector?

What is the outcome of MBenefit's right issue over/under/not subscribed?

Where will Aiico fall after the sorting T1 or T2?

Cc: OGG and Mcy56

Yayira:
I dreamt diamond touched 3 naira again but I don’t know which year..

Are you the wife of a politician?