₦airaland Forum

CooldipoMPS:
What is your recommendation for those of us that are holding the bag for insurance stock, cut the loss buy selling and possibly buy back later or continue to suffer loss and hope for a rebound?

If your purpose in NGX is not for MMM or CBEX, then just be patient.
NGX is not for get rich quick biz and if you continue to listen to every comment, especially negative comments here, then you won't invest.
If na crypto you want, just know you can't find it in NGX.

Locotrader:
CWill you be able to fish Loco out too?

Why not?
Except you don't post in equity section....
Overtime, we'll know it's you....that JiJo Spirit no fit commot from you just like that. 😁
Have you registered?

MBENEFIT on full bid @3.85......
This one don make U-turn from the red...

Quite a lot of buys in others too.....

UNIVINSURE is so cheap at today's low price sha......if this one should come below N1, na to bombard am.

nosa2:
Wanajo has registered but not with his old moniker

Thank God.
We'll fish the moniker out through his contributions 😁
Pls invite my Oga @currentprice as well sir.

nosa2:
MOBILE VIEW SORTED.
I've finally fixed the mobile view. Please let me know what you think

Well done sir.
For my own phone, I'm not able to scroll sideways, don't know why?
Maybe na my chinko phone dey cause am. 😁

The fonts are okay but can't see the view /the items on the right side.

Streetinvestor2:
This for the people who want to invest in insurance sector.
Use nem insurance as bench mark.I used nem because it was a stock I had plenty afolabi units and later sold at #2 plus. I regret it.
Which of the insurance stock do u feel can repeat what nem has done from the 2 plus to 30 plus based on fundamentals. If u find such insurance stock. My advise is accumulate now.

You talk well here.....
For me, all the listed insurance will perform well, agreed some might do well than others...

There'll be mergers and acquisitions, capital raising, RI, private placements, bonus issues, strategic investors, etc.
Capital inflow is imminent.

For example,GUINEAINS insurance already mentioned this as part of their AGM agenda

ELLAHLAKES
Bargain hunters should keep eye on the price movement.....
We all know they've not started generating much revenue....
Buying into Ellah is buying into the company's future....
Don't forget they're raising capital and either you buy or not, badmouth or not, they'll get their funds...
No be your kobo kobo dem needed for N250bn, strategic investors and FPIs are there....😁
Those bids on queue knows what they're after.

** DD pls, remember you're the CEO of your portfolio**

Tpharell:
I am wondering who in their sane mind will be offloading Mbenefit with such an excellent H1 result and the general insurance bull

Is it only MBENEFIT self
If they don't offload, how will some others be able to buy?
How will institutional investors be able to have their fill?
I felt yesterday's triggered panic was to make people push out their holdings, just my opinion, I may be wrong.

** Caveat: Not any form of advice**

Bids available for most of the insurance companies.....
MBENEFIT entered full bid in early hours....offers available at today's high...

AIICO touched day's high.....offers surfaced....inching back up slowly...

Official letter now issued by NAICOM....

* NAICOM orders that preparations should commence by the insurers.....
* Deadline for re-capitalization: July 30, 2026

nosa2:
Haha! The place is not for profit but I go make many money from the discussions there. We need conversations to be structured so we can reference them later on

In still trying to get how to navigate thru the site but it's looking complex to me
It's not very simple like NL threads, maybe it's because I'm used to NL, could be much simpler than NL eventually.

I sincerely wish we could all migrate there to develop the site.
Any success with inviting Oga Wanaj0 and Oga Oracle?

INSURANCE RE-CAPITALIZATION
* NAICOM inaugurates 11 member committee to oversee insurance re-capitalization
* Committee chaired by Oluwatoyin Charles, Director of Supervision at NAICOM

* Committee's primary responsibility: To oversee the implementation of the re-capitalization program

https://www.google.com/amp/s/businessday.ng/insurance/article/naicom-innaugurates-11-member-committee-to-oversee-insurance-recapitalisation/%3famp

Ginalex:
out of the supposed "1 naira" gain, how much your broker collect? Ehn fyn boy 🥲🥲🥲?

Lol. 😁
Rotten tomatoes he's supposed to buy and make good profits both now and in near future, at least +50% gain from the day I mentioned it to him, he was busy badmouthing them.
Who is he doing? 😁

If he likes let him not keep eye on the next rally in insurance......
Quite a lot of interests in the sector.....even from institutional investors......and MMs have the mandate to work for the companies to help them achieve the recap aim.

LINKASSURE closed @2.70 (lowest 2.45)
SUNU closed @6.35 (lowest 5.99)
GUINEAINS closed @1.62 (lowest 1.51)

They closed higher than today's lowest prices ...

* Movements in each of the stocks will give us a pointer on which ones have very active MMs.

* Bargain hunters take note, keep track of movement

This pullback or profit taking may be short lived......from observation.
Quite a lot of buying activities also going alongside the sales....
Volumes also matters in the course of buying and selling.....
Quite a lot of volume picks especially in Insurance Sector..
Let's see how market goes tomorrow and Monday first.....

* Profit taking and pullback is normal after days of rallying..

EDUECO:
I'm trying to reveal how you operate.

Revealing to who and who actually?
Those pocketing profits?
Or those positioning for next batch of rally?

Now Ellahlakes is back at 17

EDUECO:
Jijo in low quality stocks is based on the principle of herds mentality!

Must you just keep spamming this thread....
Too many repetitive posts within a day..
Na wa for you o

Jijoist and profit takers well done oo
Chai!!

GUINEAINS still remains on full bid......
*Guinea bowing to pressure*
Many buyers still picking as at now...

AIICO, about 30m offers cleared before now...
Quite a lot picked it......
Quite a lot of activities in insurance sector and Ellah within few minutes

No thanks to delayed data from NGX

After this profit taking, market will stabilize......

SonofElElyonRet:
I fit bet you say street don buy Ellah long time ago.. you wey no know road

Street will have Ellah nah.

Same thing he did with Oando
He has and still badmouthing it..
Let EDUECO be deceiving himself, thinking somebody dey behind him.

EDUECO:
Ellah lekos is in a state of irritional exuberance!

😁
Let me dash you one rotten tomato again......
Pick some Oando and keep...

** Hope you can see Ellah lekos firing in market....

EDUECO:
Their full offer time is also near!

Ok sir.
Let's enjoy the full bid first.....
At least , they can't go back to their kobo kobo in a very long while to come....

AIICO @5.11 full bid....
LINKAGE @2.99 full bid
UNIVINSURE @1.60 full bid..
CONHALL @6.19 full bid..
VERITASKAP @3.06 full bid..
MANSARD @21.42 full bid..
MBENEFIT @4.26 full bid..
SUNU @7.31 full bid....
CORNERSTONE @9.34


CHAMS @2.99
ELLAH @19.42
JAIZ @5.45

ELLAHLAKES, INSURANCE on full bid.....
The more some are selling, the more bids are surfacing...
Bids swallowing offers....

Ellah @19.42

LEARN AFRICA....

Fred2020:
In my view, if July 2026 is the deadline, they should be discussing fundraising options and kicking off M&A talks ASAP. M&A deals take months to close, and the longer they wait, the pricier it’ll be to buy out rival competitors.

I expect some to begin openly discussing their options this year or early next year.

I'll be keep the bulk of my insurance stocks come what may, I have enough fat to take any temporal dip.

No wasting of time.....
The recap issue was once raised but insurers asked for more time......if I can still recollect what happened for the suspension very well....

Now, no going back according to the authorities......and seems some had commenced before this reform approval.

Whosoever sell may not be able to buy much lower again, all things being equal.
** This is purely my opinion pls.

Zagee:
Picture this Scenario:
#25 per share over 1b OS private placement

Deals get signed.
Market maker gets to work to achieve minimum 20% float.
Case closed.

"Order 101: Pump by declaration"
🤣🤣

You've been speaking in parables....
SUNU?

** Ok. It's Ellahlakes going by the calculations.

I know some people were just not happy Insurance Sector which they've so much detested are delivering in market....

Ordinarily the sector is much undervalued and, with the new good news, they should deliver well.

If banks can be transformed, so also insurance sector.

We continue to see how market handles this over time. In fact, the time is even shorter self.

Re-capitalization was clearly stated for insurance sector, why will someone still call this a trap, even after enjoying capital gains, and still enjoying.

So 1year is too long to plan a re-capitalization?
If you're the CEO of one of the companies, you'll canvase for a month?
Banks were given 2yrs, the 2yrs wasn't long but insurance one year is long?

Let's stop displaying ignorance here pls.
If you don't know, simply ask instead of forming Oga on top wetin you no understand how the industry works.

Let's understand that our comments matters a lot and we have to be cautious if we don't have facts.

megawealth01:
Madam Mercy which one be Kpakus?

Don't tell me you don't know Kpakus...😁

mikeapollo:
Let us focus on the good news for those who are positively inclined, avoid/minimize tagging anyone that may not be interested, so we don't use the performance of the stocks for taunting people.. It is not our focus, it is not necessary.

Are you reading their own posts at all?

PETERiCHY:
ELLAH ON FULL BID AT #17.66K !!!!!!!!

Meanwhile EDU rightnow

Kpakus on full bid @17.66 😁
Not even available on the floor now....
Most of the sales we see are cross deals from one customer's account to another

*Edited.....msg passed*

Phlinx:
Universal Insurance and Linkassure are so tight one can't even penetrate their armor

Those two aren't smiling......😁
Also MBENEFIT
Holders holding tight.....

Insurance on full bid......
Investors scampering for the few available...
This sector has really suffered and way undervalued, thanks for the Reform Act bringing their values out now....

NEM is really competing with Custodian......
UNIVINSURE vexing.......the bids much...

aj8:
Yes.

Oga AJ8, your inbox is full, mails unable to deliver.
Kindly increase the storage MB or tidy it up by deleting some unwanted mails.
Thanks