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The NGX insurance sector trades at low valuations because investors are still waiting for stronger returns, sustainable dividends and proof that recent reforms will translate into shareholder value.
The day confidence returns, pricing may change. Finger cross 🤞
12 non-bank NGX stocks trading below book value today:
1️⃣ Universal Insurance
2️⃣ Linkage Assurance
3️⃣ C&I Leasing
4️⃣ UHOMREIT
5️⃣ University Press
6️⃣ UPDCREIT
7️⃣ Daar Communications
8️⃣ John Holt
9️⃣ Veritas Kapital
🔟 Mutual Benefits Assurance
1️⃣1️⃣ Lasaco Assurance
1️⃣2️⃣ Prestige Assurance
Half of these are insurance stocks, with 2 REITs, and the rest largely reflecting ongoing profitability or operational challenges.
The insurance sector is unlikely to continue lagging for long. Several of these companies are profitable and, in my view, should not be trading below book value especially higher ROE (return on equity) names like Veritas Kapital, NEM, Mutual Benefits, and Linkage Assurance.
If these firms continue delivering strong ROEs over the next few quarters, the market will eventually re-rate them.
@wealthcoachomi Dangote cement with an eps
66.71
Dps #45
This take us to a dividend yield of
4.67
Haha this was a steal at #860
I ultlize the opportunity to top up and I'm glad I did.
The current NGX rally is reminding investors of an old lesson.
Today, many penny stocks are outperforming.
Tomorrow, leadership could shift to quality mid-caps or large caps.
Markets move in cycles, and smart investors pay attention to capital rotation, not just price movement
@Rxbremen Emerald HoldCo is offering to buy up to 11.74 million Beta Glass shares at ₦590.94/share.
This is a mandatory takeover offer, not a compulsory sale.
Shareholders can decide whether to accept the offer, depending on their investment strategy and expectations.
Many investors are misunderstanding the Beta Glass announcement.
Emerald HoldCo is offering to buy up to 11.74 million Beta Glass shares at ₦590.94/share.
This is a mandatory takeover offer, not a compulsory sale.Shareholders can decide whether to accept the offer, it's optional
@anthonyuzum Conhal remain my number pick among insurance penny .
Their holdco status alow them to pay dividend with regulatory bottle neck unlike the insurance pennies.
This was how Custodian investment plc began. Watch out for conhal.
The deeper your research, the stronger your conviction.
When you've studied a company's financial statements, market dips become opportunities not reasons to panic.