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MarketScreener Homepage  >  Equities  >  Nigerian Stock Exchange  >  AIICO Insurance Plc    AIICO   NGAIICO00006

AIICO INSURANCE PLC

(AIICO)
  Report
End-of-day quote. End-of-day quote Nigerian Stock Exchange - 09/25
0.72 NGN   0.00%
09/23AIICO INSURANCE : Supports Vulnerable Persons
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09/16AIICO INSURANCE : Shifts Annual General Meeting to December
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08/05AIICO INSURANCE : Grows Premium By 26%
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Aiico Insurance : Shifts Annual General Meeting to December

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09/16/2020 | 04:06am EDT

AIICO Insurance Plc has shifted its annual general meeting (AGM) from September 30 to December 8, 2020. The underwriting firm disclosed the change in the date of the AGM in a notification to the Nigerian Stock Exchange yesterday.

"This change in date is occasioned by the delay in concluding a number of transactions earmarked as conditions precedent to the AGM. One of the conditions is(but not limited to)the conclusion of rights issue to the shareholders of the company which although has now commenced, was delayed majorly because of the issues arising from the COVID-19 pandemic," it said.

AIICO Insurance Plc is currently issuing 4,357, 770,954 ordinary shares of 50 Kobo each at 80 Kobo on the basis of five new ordinary shares for every 13 ordinary shares to raise about N3.486 billion.

Copyright This Day. Distributed by AllAfrica Global Media (allAfrica.com)., source News Service English

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All news about AIICO INSURANCE PLC
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Financials
Sales 2019 71 986 M 191 M 191 M
Net income 2019 5 784 M 15,3 M 15,3 M
Net cash 2019 7 451 M 19,8 M 19,8 M
P/E ratio 2019 0,87x
Yield 2019 -
Capitalization 9 789 M 25,7 M 26,0 M
EV / Sales 2018 0,03x
EV / Sales 2019 -0,03x
Nbr of Employees 559
Free-Float 72,9%
Chart AIICO INSURANCE PLC
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AIICO Insurance Plc Technical Analysis Chart | MarketScreener
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Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 1
Average target price 0,83 NGN
Last Close Price 0,72 NGN
Spread / Highest target 14,6%
Spread / Average Target 14,6%
Spread / Lowest Target 14,6%
Managers
NameTitle
Babatunde Fajemirokun Chief Executive Officer, MD & Director
Kundan Sainani Chairman
Oladeji Oluwatola Chief Financial Officer
Kadri Adewale Abass Executive Director & Head-Technical
Sobandele David Ayodeji Sobanjo Non-Executive Director
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