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yellow knife
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UAL.N0000 (Union Assurance PLC) Empty UAL.N0000 (Union Assurance PLC)

on Thu Mar 10, 2016 11:08 am
Message reputation : 100% (2 votes)
When I was writing about HNB Assurance two day ago I said, by that everyone is selling in a panic mode created by Capital Gain Tax. So no one is worried about analyzing individual shares.

Now I am writing about Union Assurance and by that time everyone is rushing to buy what they sold again in a herd mentality.

**************************************************************

As per regulator IBSL, insurance companies had to divide General and Life into two separate business units. This prompted certain Insurance companies to reconsider Life and General.

On 1st January 2015, the Company divested a 78% stake in its subsidiary Union Assurance General Limited to Farifax Asia Limited retaining 22% stake. The sale resulted in a capital gain or Rs 1.22 billion to the company.

Lucky they are to get such big Capital Gain before imposing tax.

So now UAL is purely a life insurance company.

Life Insurance industry comprised of 15 players and 2 of which are multi nationals. Nine out of that have been listed in CSE. The industry is dominated by 5 largest players sharing among them approximately 91% of total Funds Under Management and 81% of the market.


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yellow knife
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UAL.N0000 (Union Assurance PLC) Empty Re: UAL.N0000 (Union Assurance PLC)

on Thu Mar 10, 2016 11:11 am
Message reputation : 100% (2 votes)
Following is a comparison between the UAL and HASU being the 4th and 6th player of life insurance .

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yellow knife
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UAL.N0000 (Union Assurance PLC) Empty Re: UAL.N0000 (Union Assurance PLC)

on Thu Mar 10, 2016 11:20 am
Message reputation : 100% (1 vote)
PAT of UAL , with special credit to Capital Gains..

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yellow knife
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UAL.N0000 (Union Assurance PLC) Empty Re: UAL.N0000 (Union Assurance PLC)

on Thu Mar 10, 2016 11:22 am
Message reputation : 100% (1 vote)
UAL share was always trading at a higher value than Net Assets giving less chances for patient buyers..

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yellow knife
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UAL.N0000 (Union Assurance PLC) Empty Re: UAL.N0000 (Union Assurance PLC)

on Thu Mar 10, 2016 11:23 am
Message reputation : 100% (1 vote)
Dividend was growing parallel to Earnings..

Growing Dividend is something rare where some companies maintain constant dividend amounts...

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yellow knife
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UAL.N0000 (Union Assurance PLC) Empty Re: UAL.N0000 (Union Assurance PLC)

on Thu Mar 10, 2016 11:34 am
Message reputation : 100% (1 vote)
Dividend growth is a worthy cause to analyze than dividend yield for a person who want to hold for a long term. Not every share shows growing dividends...

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yellow knife
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UAL.N0000 (Union Assurance PLC) Empty Re: UAL.N0000 (Union Assurance PLC)

on Thu Mar 10, 2016 11:35 am
PAT comparison

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yellow knife
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UAL.N0000 (Union Assurance PLC) Empty Re: UAL.N0000 (Union Assurance PLC)

on Thu Mar 10, 2016 11:39 am
Message reputation : 100% (2 votes)
Historical movement of share price

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Senarath67
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UAL.N0000 (Union Assurance PLC) Empty Re: UAL.N0000 (Union Assurance PLC)

on Sun Sep 16, 2018 6:13 pm
Excellent,YK.You had seen the value more than two years ago.What happened the share price is history now.
ruwan326
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UAL.N0000 (Union Assurance PLC) Empty Re: UAL.N0000 (Union Assurance PLC)

on Fri Aug 09, 2019 9:20 am
Financial Performance- Period ended 30 June 2019

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