EmogInspiration

Mortgage Sector.

The mortgage sector has continued to witness a lot of activity
since the listing of Aso Savings and loans on the floor of the
Nigerian Stock Exchange. Aso Savings and loans has continued
to reach new heights as investors continue to strive for a stake in
it. The demand for the stock remained high with the supply falling
short of the demand. The stock was admitted in the official list of
the Nigerian stock exchange about 3 weeks ago at N3:50 and has
since been on the upsurge.

Petroleum Sector.

Oando Plc has been appreciating over the past weeks as a result
of their impressive audited financial year report for the year ended
December 2007 released to the Nigerian Stock Exchange and to
the public. Oando’s year high is N282.77 while its year low is
N119.

Chevron Nigeria Plc also appreciated, closing at N307.92. The
success of this company can also be attributed to its recently
released audited accounts for the financial year ended December
2007 which apparently was very good. The management also
announced its intention to divest from their downstream operation
to concentrate on upstream operations. Its year high is N402.01
while its year low is N160. It has the potential to rise further before
and after it is marked down for dividend.

Investment and Allied Assurance.

A couple of months ago, my boss called us together and told
us there was an investment opportunity that he believed will do
well. He told us the present price of the private placement and
the forecasted price in the coming year. We believed him and
took position.

Precisely two months ago, another opportunity came to buy
into this same stock at a slightly higher price. A lot of people
from within our organization and outside took position and
bought as much as they could. Today it has been listed and
it has lived up to its billing. Its still at its rock bottom price
and will certainly do better based on the statistics and data
available.

At this point I guess you will be asking, what company is this?
A rethink of Milverton Insurance Company Limited which was
incorporated 30 years ago and licensed to transact all classes
of insurance business except life. The company was then bought
over and brought under a new management in 1993 and since
then has witnessed a steady and modest growth.

With over 4000 shareholders and an authorized and fully paid
up capital of N14 billion, Investment and Allied Assurance plc,
IAA is one of the most capitalized insurance companies in
Nigeria. A look at their financial records between 2002-2006
shows that they had constantly been making profit except for
2004 when they made a loss. They however bounced back in
2005 making 6 times the profit they made in 2003.

With an array of products and services, a deep interest and
financial commitment of the board of directors, backed by a
competent management, IAA plc is poised to move into the
future with great confidence. The current price is N1:30k and
the price range for stocks in the Insurance sector is between
N1:00 and N15:00. At its current price and with the indicators
there is only one place this stock is going, and that’s up.