FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com


Join the forum, it's quick and easy

FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com
FINANCIAL CHRONICLE™
Would you like to react to this message? Create an account in a few clicks or log in to continue.
FINANCIAL CHRONICLE™

Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka

LISTED COMPANIES

Submit Post



Poll

Can there be another Covid-19 wave in Sri Lanka?

 
 
 

View results

STOCK MARKET TRAINING
ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post


CONATCT US


Send your suggestions and comments

* - required fields

Read FINANCIAL CHRONICLE™ Disclaimer



Latest topics

» Sell EXPO Buy EDEN sentiment changed to Exit EXPO Enter EDEN
by Bakkabwoi Today at 12:44 am

» Top Foreign Trading today
by D.G.Dayaratne Yesterday at 11:29 pm

» Maharaja after long time
by Maharaja Yesterday at 10:20 pm

» Try to Avoid Getting Sucked into Any Panic Modes While Looking for Opportunities. Stock market for beginners
by Asoka Samarakone Yesterday at 9:39 pm

» Evergrande agrees deal to avoid default on key bond: Company
by RajapaksaDON Yesterday at 8:15 pm

» Top crossings today
by SAGA Yesterday at 7:27 pm

» LOFC AND CLC Target Price??
by Rational Investor Yesterday at 6:35 pm

» EXPOLANKA HOLDINGS PLC (EXPO.N0000)
by Equity Win Yesterday at 10:47 am

» CABO -- “ The Investment Company ” under Land & Building Sector
by samaritan Yesterday at 10:45 am

» LOFC lofc
by stockchaser Yesterday at 9:52 am

» TOKYO CEMENT COMPANY (LANKA) PLC
by ADVENTUS Yesterday at 12:14 am

» DIPPED PRODUCTS PLC (DIPD.N0000)
by ADVENTUS Yesterday at 12:11 am

» BROWNS INVESTMENTS PLC (BIL.N0000)
by stockchaser Tue Sep 21, 2021 3:49 pm

» GUYS LOOK IN TO JKH / JKL NOW
by Wickyz Tue Sep 21, 2021 10:54 am

» The stock market can be a great place to make money; it can also be a great place to lose money. Stock market for beginners
by reyaz Tue Sep 21, 2021 7:37 am

» LOFC LOFC LOFC
by stockchaser Mon Sep 20, 2021 7:49 pm

» PEOPLE'S INSURANCE PLC (PINS.N0000)
by LHW Sun Sep 19, 2021 10:14 pm

» KOTAGALA PLANTATION
by reyaz Sun Sep 19, 2021 3:33 pm

» What is "Introductions" in Upcoming listing in CSE?
by Nandun Sat Sep 18, 2021 1:46 pm

» Glove stocks fall after Top Glove posts weaker 4Q results
by ResearchMan Sat Sep 18, 2021 1:37 pm

EXPERT CHRONICLE™

MARKET CHAT


CHRONICLE™ ANALYTICS


ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)


CHRONICLE™ YouTube

LATEST TWEETS

You are not connected. Please login or register

FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » UNION ASSURANCE PLC (UAL.N0000)

UNION ASSURANCE PLC (UAL.N0000)

+9
123longway
worthiness
Jiggysaurus
nuwank
wmdcf
Redbulls
Monster
Fresher
sriranga
13 posters

Go down  Message [Page 1 of 1]

1UNION ASSURANCE PLC (UAL.N0000) Empty UNION ASSURANCE PLC (UAL.N0000) Thu Oct 11, 2012 3:57 pm

sriranga

sriranga
Co-Admin
http://www.cse.lk/cmt/upload_cse_announcements/4201349950306_.pdf

http://sharemarket-srilanka.blogspot.co.uk/

2UNION ASSURANCE PLC (UAL.N0000) Empty Re: UNION ASSURANCE PLC (UAL.N0000) Thu Oct 11, 2012 3:58 pm

sriranga

sriranga
Co-Admin
UNION ASSURANCE PLC (UAL.N0000) Uni10

http://sharemarket-srilanka.blogspot.co.uk/

3UNION ASSURANCE PLC (UAL.N0000) Empty Re: UNION ASSURANCE PLC (UAL.N0000) Fri Oct 12, 2012 7:39 am

Fresher


Moderator
Moderator
We may be able to see some sort of market sentiment here. If the past trend continues, it will come down to the issue price, regardless of the ratio. Hope it won't happen that way.

4UNION ASSURANCE PLC (UAL.N0000) Empty Re: UNION ASSURANCE PLC (UAL.N0000) Fri Oct 12, 2012 9:52 am

Monster

Monster
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Considering it's illiquidity (public holding is around 4%). I don't think it may reach to right issue price. However, it depends on the market condition. It will be a good price, if we can get it at the right issue value.
npp wrote:We may be able to see some sort of market sentiment here. If the past trend continues, it will come down to the issue price, regardless of the ratio. Hope it won't happen that way.

Redbulls

Redbulls
Director - Equity Analytics
Director - Equity Analytics
Sri Lanka’s Union Assurance is planning to raise Rs. 750 million to strengthen the capital position of the company via a Rights Issue.
The firm will issue 10.714 million shares (10,714,285) through the proposed rights issue.

Union Assurance says, it has decided to issue 1 ordinary share for every 7 held by the shareholders and a share will be priced at Rs. 70.

The funds once raised, will be used to strengthen the capital position of the company to be inline with the regulatory requirements.

As of now, Union Assurance has issued 75 million shares while the insurers stated capital stands at Rs. 388.42 million.

Upon completion of the proposed rights issue, Union Assurance will have a total of 85.71 million in issue.

The firm will hold an EGM to seek the shareholder approval for the intended rights Issue.
http://www.news360.lk/business-finance/news-insurance-rights-issue-sri-lanka%E2%80%99s-12-10-2012-union-assurance-to-raise-rs-750-mln-via-a-%E2%80%98rights-issue%E2%80%99-789651

6UNION ASSURANCE PLC (UAL.N0000) Empty UAL-Rights Issue Sat Oct 13, 2012 2:15 pm

wmdcf

wmdcf
Manager - Equity Analytics
Manager - Equity Analytics
One (01) ordinary share for every Seven (07) ordinary shares held, at a price of Rs.70.00 per share.The Rights Issue is subject to the CSE approving, in principle, the issue and listing of shares and obtaining of shareholder approval at a General Meeting.The announcement has been published on the CSE website (www.cse.lk).

http://www.cse.lk/cmt/uploadAnnounceFiles/3441350010501_.pdf

7UNION ASSURANCE PLC (UAL.N0000) Empty Union Assurance Thu Nov 15, 2012 11:23 am

nuwank


Senior Equity Analytic
Senior Equity Analytic

It's a shame


http://www.sundaytimes.lk/121111/news/cutoff-from-livelihood-shut-out-by-insurance-company-19998.html

8UNION ASSURANCE PLC (UAL.N0000) Empty Re: UNION ASSURANCE PLC (UAL.N0000) Thu Nov 15, 2012 11:52 am

Jiggysaurus

Jiggysaurus
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@nuwank wrote:
It's a shame

http://www.sundaytimes.lk/121111/news/cutoff-from-livelihood-shut-out-by-insurance-company-19998.html

Sad case but this is how insurance companies make money for their shareholders.
The following is what the article says
"Meanwhile, Union Assurance General Manager Jayeseeli Dissanayake said Nandana did not qualify for any compensation since he had made a false endorsement in his original declaration.“The policy holder had failed to state that there was a certain degree of risk in his work and that is the reason we have knocked him off the compensation list,” she said."

9UNION ASSURANCE PLC (UAL.N0000) Empty Re: UNION ASSURANCE PLC (UAL.N0000) Thu Nov 15, 2012 12:43 pm

worthiness


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Bad image on Union Assurance. Impact on business is priceless with this publicity.

Door to door canvassing being done by numerous insurance agents simply cheat the people to sell out a policy. Only knowledgeable people raise sensible questions with regard to terms & conditions of policy for which many guys are not capable of answering.

Moreover, all the guys related to this business should realize that the curse from victimized is unavoidable.

10UNION ASSURANCE PLC (UAL.N0000) Empty UAL - Be Reasonable Thu Nov 15, 2012 4:35 pm

123longway


Senior Equity Analytic
Senior Equity Analytic
Insurance is a contract of "UTMOST GOOD FAITH" This good faith is expected of only the client, in this instance where does it apply to UAL?.

http://t.don.senaka@gmail.com

11UNION ASSURANCE PLC (UAL.N0000) Empty Union Assurance net up31 % Fri Jun 07, 2013 11:56 pm

rasika5


Stock Trader
Sri Lanka's Union Assurance net up 31-pct
14 May, 2013 07:35:13
May 14, 2013 (LBO) - Profits at Union Assurance Plc, a unit of Sri Lanka's John Keells Holdings rose 31 percent to 111.3 million rupees in the March 2013 quarter from a year earlier, helped by investment income and fair value gains.

The firm reported earnings of 1.30 rupees per share. The stock closed at 103.10, down 2.90 rupees Monday.
Gross written premium rose 11 percent to 2.66 billion rupees and net benefits and claims rose 20 percent to 1.8 billion rupees.

Investment income rose 13 percent to 592 million rupees and fair value gains were 51 million rupees compared to a loss of 171 million rupees last year.

Gross assets rose to 26.7 billion rupees in March 2013 quarter from 25.8 billion rupees in December. Net assets fell to 3.9 billion rupees from 4.3 billion rupees after paying a 375 million rupee dividend.
http://www.lankabusinessonline.com/news/sri-lankas-union-assurance-net-up-31-pct/791592032

12UNION ASSURANCE PLC (UAL.N0000) Empty Re: UNION ASSURANCE PLC (UAL.N0000) Sat Jun 08, 2013 12:00 am

CSE.SAS

CSE.SAS
Global Moderator
http://forum.srilankaequity.com/t28178-13-may-2013-interim-financial-statements-31-03-2013#165402

13UNION ASSURANCE PLC (UAL.N0000) Empty Re: UNION ASSURANCE PLC (UAL.N0000) Sat Jun 08, 2013 12:24 am

rasika5


Stock Trader
Only 4% public holding.Steady dividend payout. Good share in both the short and long term.

14UNION ASSURANCE PLC (UAL.N0000) Empty UNION ASSURANCE PLC (UAL.N0000) Sat Mar 07, 2015 3:06 am

Teller

Teller
Moderator
Moderator
Union Assurance PLC (UA), a leading player in the Sri Lankan insurance sector recorded steady growth in combined gross written premium (GWP) and profits as at the end of the fourth quarter of 2014.
GWP from life and non-life insurance for the 12 months period commencing from 1 January to the 31 December 2014 amounted to Rs. 11.2 billion compared to Rs. 10.9 billion in the preceding period. Life insurance premiums contributed Rs. 6 billion and non-life premiums contributed Rs. 5.2 billion. [2]
Total net revenue of the company grew by 13% to Rs. 13.7 billion in 2014 from Rs. 12.1 billion in 2013 mainly due to increase in investment income. Net benefits and claims including the increase in the life fund, grew by 17% as well.
Profit after tax (PAT) increased by 7% from Rs. 1,123 million in 2013 to Rs. 1,203 million in 2014. PAT included the surplus from life insurance business amounting Rs. 750 million in 2014 which was determined after an actuarial valuation as at year end.
As at 31 December 2014, UA’s life fund stood at Rs. 23 billion with a healthy solvency ratio indicating the financial strength of the business.
Without a doubt we have one of the strongest teams in the industry and it is evident in the results achieved by the company,” noted UA Director/Chief Executive Officer Dirk Pereira.”

15UNION ASSURANCE PLC (UAL.N0000) Empty UAL profits down! Fri Mar 06, 2020 11:05 am

nosf76677


Stock Analytic
Stock Analytic
UAL profits down 60% year on year and 32% quarter on quarter! Do your homework!

16UNION ASSURANCE PLC (UAL.N0000) Empty UAL profits down! Thu Mar 12, 2020 2:10 pm

nosf76677


Stock Analytic
Stock Analytic
Hope everyone did their homework and saw results!!!! Down 60%!

17UNION ASSURANCE PLC (UAL.N0000) Empty Re: UNION ASSURANCE PLC (UAL.N0000) Sun Mar 15, 2020 1:45 am

Teller

Teller
Moderator
Moderator
This share doest worth even 150 LKR, but major holders are collecting, my mind says may be a delisting or selling the business


_________________




Teller said is said..

Sponsored content


Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum