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pumping777 (m)
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Pumping777, more seriously, THE NAFDAC threat to Beta Glass biz, what do you have to say. I thought I overheard NAFDAC saying they will be doing away with bottled drinks etc etc etc. Don't have details, even WANAJO has mentioned it briefly in passing some time ago. Hence I seem scared of BETA GLASS in the long term, otherwise, they have become nothing recently but VERY PROFITABLE. 118% PAT as per their 3rd quarter result for me is impressive.
This jist nearly stopped me from buying Beta Glass at N14 last November or so. I was waiting in pain for the Q-3 results and when it came out, it was fantastic and the price quickly moved to N22 and finally the current price. There are unconfirmed rumours that the FY was also great but I cannot verify the source. |
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wanaj0
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Not sure I can answer all the questions but will try Wanaj0, I thought uacn bought out LASG's stake in 1004 last year?
LASG does not have a stake but they have to give approvals. Now they've billed UACP some billions for that. negotiations is going on but as you know, money is tied down doing nothing!!! @Wanaj0, You see Nig-german so - don cross N30  I see am OO!!! My broker accidentally sold some for me yesterday!!! To compensate me, I 've given instruction to replace am with OandO by fire by force!!!! That is to tell you that all the talk and no action have not made a dent in BetaGlass profit margin. I remember wanaj0 mentioned this issue some months ago not sure where NAFDAC is going with this one.
Well, before you sing the praise of Beta Glass check their previous figures (like 3 -4 years) and you will see that the current PAT is lower than that!!! there market is shrinking but currently good enough to own. yes they gave a 1 for 10!!! that no dey show for my spreadsheet. Look NAHCO na their mate wey giove bonus 3 for 2!!!! First bank 1 for 1, WAPCo 1 for 1, 1 for 2, UNIC did 3 for 1 self and now you dey talk abou 1 for 10!!! As per OandO, and corporate gorvernance, those guys where using Ocean and Oil (the real OandO) to funnel out money from OandO. Hopefully now that they've done the share exchange scheme things go better. The former Head of Strategy use to bt a close pal. All the pioneering guys left because of that. Enron had Arthur Andersen and that did not stop them from behaving like cowboys!!!! |
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RoughCut (m)
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@All
just got this from proshare
FCMB PLC UNAUDITED Q3 RESULT FOR THE PERIOD ENDED 31 JANUARY 2008
2007 2006 CHANGE % CHANGE
N'b N'b N'b %
GROSS EARNINGS
35.861 17.543 18.318 104.42
PBT
11.244 4.431 6.813 153.76
TAXATION
2.248 -0.886 -1.362 -153.72
PAT
8.995 3.545 5.450 153.74
They made a projection of N15B for FY '07 in their offer prospectus so is it possible that they make ~N7B in the next 3 months?. Something tells me not i thought the projection in the prospectus was way too aggressive. |
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windywendy (f)
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This jist nearly stopped me from buying Beta Glass at N14 last November or so. I was waiting in pain for the Q-3 results and when it came out, it was fantastic and the price quickly moved to N22 and finally the current price.
There are unconfirmed rumours that the FY was also great but I cannot verify the source.
Yes o, I got at 13 sometime last year and then sold off after it gained significantly. I honestly wasn't moved by that NAFDAC news, it would have been a tough one for them to pull off. Those AG Leventis folks (who happen to own beta glass) no be moi-moi o, those guys would have fought back seriously. I tried to get at 23 again today, but no show. It's a fundamentally sound stock. |
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wanaj0
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This jist nearly stopped me from buying Beta Glass at N14 last November or so. I was waiting in pain for the Q-3 results and when it came out, it was fantastic and the price quickly moved to N22 and finally the current price.
There are unconfirmed rumours that the FY was also great but I cannot verify the source.
The NAFDAC threat will not affect them in the short term but long term they need to restrategise. Sorry if that stopped you from buying!!! |
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wanaj0
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Yes o, I got at 13 sometime last year and then sold off after it gained significantly. I tried to get at 23 again today, but no show. It's a fundamentally sound stock.
sound, good board, good managemnt but not a liquid stock. they just finished repairing their kilns but turnover is shrinking which to me is an issue for the Long term. |
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wanaj0
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@Londoncool, finished my investigation and I think you have wrongly accused them!!! Confirmed that mails were sent to you as per FCMB, Zenith, Dunlop etc!!! Obviously you did not get the mails. maybe they were delivered to your bulk mail in yahoo. You may need to adjust your settings. That I think is the problem.
Apologies once again on their behalf!!!
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windywendy (f)
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sound, good board, good managemnt but not a liquid stock. they just finished repairing their kilns but turnover is shrinking which to me is an issue for the Long term.
You sure 'bout that? Check volumes and values for last year. Agreed, sometimes it trades thinly, but there were several times when millions of units changed hands o. |
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aktopgun (m)
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You sure 'bout that? Check volumes and values for last year. Agreed, sometimes it trades thinly, but there were several times when millions of units changed hands o. yeah true but between how mant people? |
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yodiyokun (f)
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They made a projection of N15B for FY '07 in their offer prospectus so is it possible that they make ~N7B in the next 3 months?. Something tells me not i thought the projection in the prospectus was way too aggressive.
FCMB will not move much because of this except if @risky's observations ocmes through - poor results generate more price appreciation. That their 15B proj is overly ambitious ooo - I just don't see them doing more than 12B at the current rate. Thats why I no buy - but sha make we dey see. Meanwhile - Access Bank is inching very slowly upward - wetin dey? now at N25. A feat Diamond refuse to attain!!  Ok Aktopgun - you no say I get correct teacher and I dey learn ooo. I no too dull na |
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ngegy
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Everybody please note[/size][size=8pt]: CAPOIL and Capital Oil and Gas Industries Limited are two different companies.
"
The management of Capital Oil and Gas Industries Limited has said that the company has no relationship with Capital Oil Plc, which has recently been subject of investigation by Securities and Exchange Commission (Sec) over alleged share price manipulation.
Capital Oil and Gas Industries in a statement said that the clarification has become necessary following numerous calls and enquiries from members of the public desirous to buy into Capital Oil Plc thinking it is Capital Oil and Gas Industries Limited shares.
“In the light of enquiries from the investing public, the management of Capital Oil and Gas Industries Limited with headquarters in Apapa, Lagos which is in the business of petroleum products storage with depots in Apapa, petroleum distribution through haulage and fuel stations nationwide hereby states that it is not a quoted company on the Nigerian Stock Exchange (NSE) and therefore, could not have been offering shares to the investing public,” the statement said.
The statement noted that Capital Oil and Gas Industries is not under investigation by Sec or any other regulatory agency for that matter.
It therefore advised members of the public particularly those wishing to invest in the shares of Capital Oil that such transaction has no link with Capital Oil and Gas Industries as there exist no relationship whatsoever between the two companies.
Capital Oil and Gas Industries assured its numerous customers nationwide that it was still solid as ever and that it would continue to render services to them. ( reported by financil standard )
"
from stockmarketnigeria.com
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RoughCut (m)
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Well, before you sing the praise of Beta Glass check their previous figures (like 3 -4 years) and you will see that the current PAT is lower than that!!! there market is shrinking but currently good enough to own.
yes they gave a 1 for 10!!! that no dey show for my spreadsheet. Look NAHCO na their mate wey giove bonus 3 for 2!!!! First bank 1 for 1, WAPCo 1 for 1, 1 for 2, UNIC did 3 for 1 self and now you dey talk abou 1 for 10!!!
Enron had Arthur Andersen and that did not stop them from behaving like cowboys!!!!
Haba! marshall wanaj0 all those companies wey you mention dey for totally different sectors now! And of course we know what happened Arthur Andersen! Infact when the Enron scandal broke PWC the largest management consultancy in the world dropped 140 clients who happened to be some of their most profitable so that what happened to Arthur Andersen will not happen to them Any professional services organisation will not get involved in any corporate shenanigans now for sure |
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windywendy (f)
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yeah true but between how mant people?
yeah, you got a point there. But I didn't have any problems at all when I wanted to sell late last year. My broker was able to sell all my units in one deal, and the units were quite many. Seems like the stock is liquid on some days and illiquid on others, maybe. |
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Mr. Risky
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WanajO is very BULLISH naooooo. 948 posts to his credit so far. E bi like say this week go good oooo as February wan give way to the ALMIGHTY MONTH OF MARCH!!!!  |
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wanaj0
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You sure 'bout that? Check volumes and values for last year. Agreed, sometimes it trades thinly, but there were several times when millions of units changed hands o.
First check the number of shareholders that they have!!! that will tell you something. Also check the institutional investors who will not sell except a major divestment (Delta State, Leventis etc). Soon you go talk say Afroil and Capoil are liquid stocks based on huge volumes betwen husband and wife  |
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pumping777 (m)
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sound, good board, good managemnt but not a liquid stock. they just finished repairing their kilns but turnover is shrinking which to me is an issue for the Long term.
Beta Glass In 2004, they were even making losses until the last quarter. This was the year they recorded the higest turnvover of 6.1B. Now, they are poised to beat that turnover this year. From 2005, the turnover has been growing. The Q-3 turnover for this year is already more than the FY turnover for 2006. The Q-3 pat is also already more than the FY PAT for 2004, 2005 and 2006. |
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Mr. Risky
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yeah, you got a point there. But I didn't have any problems at all when I wanted to sell late last year. My broker was able to sell all my units in one deal, and the units were quite many. Seems like the stock is liquid on some days and illiquid on others, maybe.
WindyWendy, how many units?  ? I am just trying to see if I can guess, |
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wanaj0
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WanajO is very BULLISH naooooo. 948 posts to his credit so far. E bi like say this week go good oooo as February wan give way to the ALMIGHTY MONTH OF MARCH!!!! Ok make I keep the remaining post for my birthday Well, I am bullish because of my Chellarams. Even the seriously over priced NAHCO still dey move. See Universal, see Consolidated Hall Mark. I beg which dey be thanksgiving Sunday? Sold half of my OandO to run after Chams and MTN and my value still remain the same how man pickin no go dey bullish. Even UNTL that was in the red for how amny years turn blue and now almost white as the thing dey shine for my eye. To crown it all, my gentle broker against all odds was able to buy OandO for me. This is for a psychadelic broker!!! na mimi pin them be with plenty plenty grammar!!!!! |
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aktopgun (m)
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On Capoil (the NSE one o!  ) |
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windywendy (f)
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First check the number of shareholders that they have!!! that will tell you something. Also check the institutional investors who will not sell except a major divestment (Delta State, Leventis etc). Soon you go talk say Afroil and Capoil are liquid stocks based on huge volumes betwen husband and wife No be from my mouth you hear that one o! But wait o, volumes between husband and wife ke? If that's the case, then it looks like they ran out of steam today Anyway, I no sabi o. |
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Mr. Risky
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FCMB will not move much because of this except if @risky's observations ocmes through - poor results generate more price appreciation. That their 15B proj is overly ambitious ooo - I just don't see them doing more than 12B at the current rate. Thats why I no buy - but sha make we dey see. Meanwhile - Access Bank is inching very slowly upward - wetin dey? now at N25. A feat Diamond refuse to attain!! Ok Aktopgun - you no say I get correct teacher and I dey learn ooo. I no too dull na Queen Yodi, Just a suggestion. Can we get some volunteers to help us PUSH DIAMOND bank to start . Since last year Dec  |
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wanaj0
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Beta Glass
In 2004, they were even making losses until the last quarter. This was the year they recorded the higest turnvover of 6.1B. Now, they are poised to beat that turnover this year.
From 2005, the turnover has been growing. The Q-3 turnover for this year is already more than the FY turnover for 2006.
The Q-3 pat is also already more than the FY PAT for 2004, 2005 and 2006.
Check Beta Glass PAT for full year 2002 714m 2003 541m 2004 162,6m 2005 XXXm 2006 381m 2007 514 (9 months) So the 2007 PAT will likely equal 2002 figures!!! So they are just recovering to 2007 levels!!!!! In 2002, not sure that the price went past 10.00 that time!!!! |
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Mr. Risky
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Check Beta Glass PAT for full year
2002 714m
2003 541m
2004 162,6m
2005 XXXm
2006 381m
2007 514 (9 months)
So the 2007 PAT will likely equal 2002 figures!!! So they are just recovering to 2007 levels!!!!! In 2002, not sure that the price went past 10.00 that time!!!!
I am enjoying this BETA GLASS gist oooo. ANCIENT and MODERN. Fire  |
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wanaj0
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No be from my mouth you hear that one o! But wait o, volumes between husband and wife ke? If that's the case, then it looks like they ran out of steam today Anyway, I no sabi o. had a friend who started investing on NSE buying Poly products, NCR etc some years ago. After watching the price not moving he gave a sell order no buyers!!! na so I just advise am make the wife place a BUY order as him dey place SELL order!!!! The wife no go no say na family cross deal!! |
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windywendy (f)
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Check Beta Glass PAT for full year
2002 714m
2003 541m
2004 162,6m
2005 XXXm
2006 381m
2007 514 (9 months)
So the 2007 PAT will likely equal 2002 figures!!! So they are just recovering to 2007 levels!!!!! In 2002, not sure that the price went past 10.00 that time!!!!
Eh but the market has changed significantly since 6years ago na. Multiples are higher now due to a myriad of factors, including the new and improved political environment which is very attractive to investors. The fundamentally sound stocks are few and there's a lot of money chasing such stocks. Even fundamentally unsound stocks are beginning to catch the investor's eye. It's a different world now Haba, how can you compare prices from 6years ago? Someone was telling me that there was a time she could fill up her gas tank in ibadan for 40kobo. I was like . It's a different world now indeed. |
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wanaj0
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@ Londoon Cool, your Dunlop was bought, your Diamond was sold and your FCMB was also sold. Hope that helps.
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windywendy (f)
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had a friend who started investing on NSE buying Poly products, NCR etc some years ago. After watching the price not moving he gave a sell order no buyers!!! na so I just advise am make the wife place a BUY order as him dey place SELL order!!!! The wife no go no say na family cross deal!! Pastor! na you dey give this kind advice? No be market manipulation be this? |
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samstone4 (m)
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@Wanajo, Roughcut, Windywendy etc UAC properties has been a bit sluggish lately. They did gave a paltry 1 for 10 bonus about 2 years ago and the dividend yield is poor. They bought 1004 with Union bank and the bank's subsidiaries but UAC Prop eventually took over the entire thing. The problem with Lagos state government has to do with the state demanding that they pay some tax for environmental impact of the development! This is more like blackmail because we all know that the actual population of 1004 is likely to go down after the development compared to when the money changers used to rent the flats out by the room. Not based at home, but my understanding is that after months of inactivity work resumed in January at 1004. My problem with UAC Properties is the fact that they keep borrowing money to finance their projects when the small investors keep asking them to do a rights issue to finance these projects. All Toms, Dicks and Halims are coming to the market to raise money but not our UAC Properties. The parent company always insists that they won't take up their rights. I suspect they are more concerned about losing control of the company than making money for us small shareholders. This is not in the interest of the company. I remain there but would have taken a considerably higher stake in it if not for this anachronism. Perhaps it will take some changes at the top of UAC before we reap the bounties - to use Nairalander language. It is still a good stable stock that you can go to bed and forget, it will never crash at the current price. Meanwhile we pray for a miracle to begin - as we used to say while fasting for 100 days nonstop. Samstone4  |
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wanaj0
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Eh but the market has changed significantly since 6years ago na. Multiples are higher now due to a myriad of factors, including the new and improved political environment which is very attractive to investors. The fundamentally sound stocks are few and there's a lot of money chasing such stocks. Even fundamentally unsound stocks are beginning to catch the investor's eye. It's a different world now Haba, how can you compare prices from 6years ago? Someone was telling me that there was a time she could fill up her gas tank in ibadan for 40kobo. I was like . It's a different world now indeed. Not comparing prices. Just telling you that the so called 118% PAT growth is just taking them back to the 2002 levels!!!!! So really, BETA glass has not grown profit if you look at the 2002 figures. Right now you would be expecting a 3bn kind of profit from them!!!! same thing applies to Presco!! Disclosure: I own Beta Glass but dey watch am well well. Not the price but the turnover and PAT growth. |
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Mr. Risky
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Pastor! na you dey give this kind advice? No be market manipulation be this? No, Wendy. The husband would think its a MIRACLE, and both will go to different denominations to give THANKSGIVING and TESTI-MONEY |
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windywendy (f)
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Are you thinking what i'm already thinking?? VOTE SAMSTONE4 FOR UAC CHAIRMAN!!! Thanks for the insightful comment! You're very right. I wonder how a rights issue will dilute UACN's stake in uac-prop. Won't the rights issue be proportional to existing shareholding? |
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