About 3 or 4 years ago, UCAP went below N1. It was calling on all man to come and buy then. I believe Pa Emma average cost will be Zero

onegentleguy:


On the part in bold; so that my Oga really bought UCAP at that price !!
...Chaii, some people don really really 'hammer' for this market.
...Chaii, make una try dey remember boys for this end oo.

Btw, make I quickly write Sir Oracle to see if I can apply for the post of deputy financial secretary to his assistant P.A.

onegentleguy:


Clearly below expectation. ...I saw this coming though.
Now the most likely scenerio would be for investors especially dividend players to punish this one to levels that would be just commensurate to a 10% or below dividend yeild. ...pahaps at levels btw N3.1 - 3.4.
...that would sure be a good range to key in before the mark down date.

The market is really producing wonder-FULL results.

onegentleguy:


My Oga pls never say never. ...there realy aren't much difference btw the range of N3.1- 3.4, I mentioned and that of N3.5.
...In this market when as a coy u increase the appetite of dividend players thru a high pay out ratio, then they expect u to keep improving on it or at the very least meet up with their other expectations. ...anything short of it would usually be punished. ...sometimes even beyond acceptable limits.

As it stands right now, the difference btw AFPRUD and UCAP is that while their dividends pay out fell slightly below expectation, the latter also failed to improve in their Nos.
My veiw is that AFPRUD would likely recover faster from any pullback in price. (...it lost just a minot 1k today to close @ N5.19 while UCAP lost nearly 5% ...down from N4.30 to N4.09).

Luckily though, I still have a Fair Price for UCAP that is above the current market price. (...at a slightly below 38% premium from today's closing price).
But that's just me. ...dividend hunters may likely think otherwise.

We keenly await on Mr TIME to do his thing.

NOTE: This is merely an analysis on UCAP, and not a recommendation to sell, hold or buy.
...DD always advised pls.

Woundjury.

rebekah2011:
I have gone through the financials and I must say that the coy didnt do badly. They needed to moderate the dividend proposed because of the excess tax on dividend which is becoming unwieldy for the coy. However, management seems to have rewarded themselves more than the owners of the business. One cannot afford to sleep with two eyes closed in some of these companies. I hope to buy more whe it is marked down. That average cost of Oga Oracle at 77kobo is something I have to beat hands down.

Not me oooo.

onegentleguy:


On the part in bold; so that my Oga really bought UCAP at that price !!
...Chaii, some people don really really 'hammer' for this market.
...Chaii, make una try dey remember boys for this end oo.

Btw, make I quickly write Sir Oracle to see if I can apply for the post of deputy financial secretary to his assistant P.A.

It was Wanaj0 that posted that he bought at that price. Not me.

rebekah2011:
About 3 or 4 years ago, UCAP went below N1. It was calling on all man to come and buy then. I believe Pa Emma average cost will be Zero

Some people will sew agbada with the shares by not selling. Just chopping dividends. When prices fall, dem go dey regret.

Just sell and keep money ojare!

Ok Sir. E be like say Oga Oracle na sharp sharp investor

RabbiDoracle:


Not me oooo.

rebekah2011:
Ok Sir. E be like say Oga Oracle na sharp sharp investor

Sharp sharp how?

RabbiDoracle:


It was Wanaj0 that posted that he bought at that price. Not me.

It's alright then. ...I shall swiftly forward a prototype of my job application to the administrative office of HIGH CHIEF WANAJO.
...However a copy of the application will still get to ur office via ur assistant Secretary my oga.

wanaj0:


Thanks. I am not sure what you disagree with though. In terms of disclosure, my average holding cost for UCAP is 77kobo. It constitute almost 10% of my portfolio. Mind you I don't like Tony Elumelu's companies!

That said, when I am doing my valuation, I always discount extra ordinary income because such is not sustainable. Same applies to Dangote Flour. You need to discount the profit from the sales of their noodles section.,

I found the post.

RabbiDoracle:


I found the post.

Ucap never sold at that price

RabbiDoracle:


Woundjury.

Add that to Jaaaaaaaaaaaaaa and multiply it by egba oso nke ukwuu nnoo ngwa ngwa...
...and ur FINAL ANSWER would be Waaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa !!

Agbalowomeri:


Ucap never sold at that price

Olodo.

He must have bought at a price and netted of his dividends from it until it got to that price.

onegentleguy:


Add that to Jaaaaaaaaaaaaaa and multiply it by egba oso nke ukwuu nnoo ngwa ngwa...
...and ur FINAL ANSWER would be Waaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa !!

RabbiDoracle:



Olodo.

He must have bought at a price and netted of his dividends from it until it got to that price.

I said AVERAGE holding cost. Remember that people got UCAP shares from the spin off from UBA. Anyway, I no get power to argue

I bought UCAP even though I don't like Tony and I tend to stay away from his 'companies'

RabbiDoracle:


Where will the local market get the dollars from? From the same CBN that supported Aliko to build the refinery and the same CBN that wants to reduce FX pressure due to purchase of dollars for importing petroleum products?

Will they SELL crude to him in Naira! It will do them like film trick. Dangote is SHREWD business man.

Agbalowomeri:


Ucap never sold at that price

I hope you realise that some of us are still holding on to this ...

wanaj0:


I said AVERAGE holding cost. Remember that people got UCAP shares from the spin off from UBA. Anyway, I no get power to argue

I bought UCAP even though I don't like Tony and I tend to stay away from his 'companies'

Sir no be me ask kwesion ooo. Na oga Agba.

Oga Agba, pa wanaj0 no wan argue with you.

bigjay01:


I hope you realise that some of us are still holding on to this ...

Na wah ooo....una plant coke bottle for this market oo..


Anyway my bottle don grow.

wanaj0:


Will they SELL crude to him in Naira! It will do them like film trick. Dangote is SHREWD business man.

Then the problem still remains.

wanaj0:


Will they SELL crude to him in Naira! It will do them like film trick. Dangote is SHREWD business man.

Then the problem still remains.

Hello guys, please is the share certificate number on a bonus issued certificate the same with the original share certificate?







[/quote]

Hello everyone,

For a small entrant like myself,
Please what amount of money is needed in other to be able to participate in the stock market fairly.

Your responses would be highly appreciated.

fxuser:
Ucap
- on full offer
- so 35 kobo is vexing dis greedy dividend hunters
- issorai

Dividend is not the main thing vexing people. 5% dividend yield is not common in this market. Most of the banks will have a dividend yield less than 5%!

Main problem is performance. Drop in revenue, increase in operating expenses and reduced profit. Those are RED flags on the future prospect of the company. Seems they had some extra ordinary income before though.

RabbiDoracle:


Then the problem still remains.

Depending on the problem we are trying to solve

If he sells in Naira, where will he get the DOLLARS to buy the Crude? Or will he buy Crude in Naira

I've heard people also claim that pump price of refined products will drop once the refinery is up and running. I wonder how that will happen

wanaj0:


Depending on the problem we are trying to solve

If he sells in Naira, where will he get the DOLLARS to buy the Crude? Or will he buy Crude in Naira

I've heard people also claim that pump price of refined products will drop once the refinery is up and running. I wonder how that will happen

Buy crude in naira and sell your products in naira. They should not dollarize the economy.

wanaj0:


Dividend is not the main thing vexing people. 5% dividend yield is not common in this market. Most of the banks will have a dividend yield less than 5%!

Main problem is performance. Drop in revenue, increase in operating expenses and reduced profit. Those are RED flags on the future prospect of the company. Seems they had some extra ordinary income before though.

Do TBills at 15%

RabbiDoracle:


Buy crude in naira and sell your products in naira. They should not dollarize the economy.

Dangote will just turn his refinery to an export refinery He is not doing charity.

http://www.nse.com.ng/Financial_NewsDocs/20971_CUTIX_PLC._FINANCIAL_STATEMENTS_FEBRUARY_2018.pdf

cc oracle

cc pluto

cc loco

RabbiDoracle:


Based on the numbers, UPL is a better bargain than Cutix. However Cutix will give a surprise in this YE. Highly surpassing their 2017 YE

currentprice:
http://www.nse.com.ng/Financial_NewsDocs/20971_CUTIX_PLC._FINANCIAL_STATEMENTS_FEBRUARY_2018.pdf

cc oracle

cc pluto

cc loco

FA can't go wrong

currentprice:
http://www.nse.com.ng/Financial_NewsDocs/20971_CUTIX_PLC._FINANCIAL_STATEMENTS_FEBRUARY_2018.pdf

cc oracle

cc pluto

cc loco

Liquidity is the issue. This should ordinarily be sent to the north pole.

RabbiDoracle:


Based on the numbers, UPL is a better bargain than Cutix. However Cutix will give a surprise in this YE. Highly surpassing their 2017 YE

RabbiDoracle:



FA can't go wrong

on "numbers" UPL still better in my opinion