swilo:


This kind of bus usually takes all available passengers and locks the door from outside...

But at least, Peter will be outside to assist.

Chibuking81:
Most stock struggle to maintain Monday high, but there was no enough fuel. Tomorrow is another day.
#42 is not far for GTB to visit, it will happen soon. UBA will visit sub #10.90 this week, FCMB their MM are losing strength, and might visit #2.30 this week, may be their MM needed money to defend Fidelity.

Why UCAP don't want to visit sub #3, Afriprudent sub #4. Patience is the answer, many are waiting at various junction for the vehicle to arrive.
For now no news to usher in Mr bull, Bear will still dominate the market this week.

It's time to look for sound fundamental stock to fix in your money for 3 months, 6 months and 12 months at 10%/ 20% and above interest rate.

Stocks for 2 months fix deposits from now are
1. Flour mill @ #32/ 34
2. Honeyflour #2.40 or below
3. Cutix. @ #3
4. Conoil. @ #30
5. UBA @ #10.50/10.80
6. Zenith bank @#27.50
7. GTB @ #42

For Nine months
1. Eterna @ #5.30/ #5/50
2. UCAP @ #3 or below
3. Afriprudent #3.70 ( one with patience can get it)
4. Zenith @ # 27.50
5. GTB @ #42
6. UBA @10.50/ 10.80
7. fidelity @ #2.15/2.20
8. FCMB @ #2.20
9.Julius berger @ #27/ 27.50
10. Transcorp @ #1.40
11. Ikeja hotel @ #1.86/ #2

Based on personal findings, you can add yours.

@Chibuking81,Good one, though NSE is largely unpredictable.

kolaish:
That is a good investment decision I would have taken if I were in your shoes; Those bids could be traps, but to be on the safer side, one needs to reduce his exposure, because if it turns out to be a trap, to come out will be very difficult until it reaches its destination.

Many people on this board lack patience. Of course this is good business for the brokers who will happily take your trades every day if you wish.

Let me kindy remind all of you that Diamond Bank (dishonest mgt) has more gross earnings than Stanbic that is a Holding Company... Diamond was already close to its bottom point before the shock result came out. It frankly does not have a lot more room on the downside hence, the surprise upturn. Lastly stock prices are all about the near term future and not the past. Wapco is trading at N40 with a loss... Diamond had a loss in FY 2011 and was trading around N7 then. Go figure.

Cheers

kolaish:
@Chibuking81,Good one, though NSE is largely unpredictable.

Exactly my take. You cant time the market precisely. Whats going on now is typical market behaviour to shakeout many and keep many on sidelines hoping for more bears. Lo and behold bull sneaks in and you are left out of the party. It will come when you least expect it.....

tiar:


Many people on this board lack patience. Of course this is good business for the brokers who will happily take your trades every day if you wish.

Let me kindy remind all of you that Diamond Bank (dishonest mgt) has more gross earnings than Stanbic that is a Holding Company... Diamond was already close to its bottom point before the shock result came out. It frankly does not have a lot more room on the downside hence, the surprise upturn. Lastly stock prices are all about the near term future and not the past. Wapco is trading at N40 with a loss... Diamond had a loss in FY 2011 and was trading around N7 then. Go figure.

Cheers

Chai, where were u all this while I have been taking the heat alone. Pls tell them, there is something in the diamond. Diamond and Access are supposed to be in tue same category.

Chibuking81:

hi, are u in rivers state?

When is FMN results coming out? Any ideal?

In the past I have made a few calls on the company CAVERTON OFFSHORE SUPPORT GROUP PLC, with several shouts on why the coy is in line to be one of the best, if not the best performing stock this year.
For the benefit of those who still haven't seen why, I shall make an attempt to give an in-depth analysis of the company drawing from their 2017 YE and Q1 2018 results.

A few highlights:

▪ The company has 4 subsidiary arm (energy, helicopter, integrated services and marine) which are 100% fully owned and which offers offshore support services to several IOCs (shell, lng, total, exxonmobil etc) with tech partners of the likes of AgustaWestland and VP.Ships. ...and services spanning from Offshore & onshore oil field logistics, Executive ground handling services, Vessel charter, Vessel Magt & ship stevedoring, Private charters and Third party maintenance.
▪ The company's maintenance, repair and overhaul (MRO) project, a world class aviation maintenance platform which would see caverton diversify its revenue base and shift focus from their sole reliance in oil & gas related deals is nearing completion. ...the project when completed, is expected to drive a remarkable turn and double the company's already current outstanding earnings.
▪ The subsidiary, Caverton helicopters has on the 1st of Aprill, 2018 begun a new 5 yr contract (with a possible further 2 yr extension) with the NNPC/CHEVRON joint venture to provide aviation services for the chevron escravos project. ...to this end, a total of 11 helicopters were purchased and provided for execution. Again highlighting the company's solid future earnings drive and profit sustainability.
▪ The company's subsidiary Caverton Marine has seen higher agency deals plus boat & maintenance contracts continuously been executed with the Lagos State Govt. ...with the Gov, A. Ambode recently commissioning 2 State acquired boats.

Looking at their financials;
▪ The company romped up their PAT by a whooping 328.2% to over N2.6b YoY. ...and very much in that line, Q1 has also seen an approx 36.6% growth in PAT to near N300m.
▪ Turnover also came in good with a 6.4% rise to N20.54b.
...though Q1 witnessed a slight drop in this line following a loss in one of their contractual line. However, the said contract line is of the least drive in turnover.
▪ A spur in retained earnings by near 54% YoY to well over N7.4b.
▪ The company also grew their EPS by an amazing 328.2% from 0.18k to 0.78k. ...Q1 has also seen EPS soar by 50% QoQ to 9k.
▪ CAVERTON has the potential to offset any short term liability without an iota of struggle as can be seen from its very healthy current ratio of 1.14x, which makes up for any risk from the high 85.4% and 61% debt to equity and gearing ratio respectively.
Again the company has the capacity to service its interest bearing liabilities as seen by its very strong interest coverage of 50.42x which is by miles above the industrial average of 5.72x. The company can even access more debt if required.
▪ The company is also showing a strong line of profitability with ROAE romping up so nicely from 4.6% to 16.6%. ...an alarming 257.5% increase. This clearly shows management effectiveness with using more debt in acquiring real value.
▪ Management also showed great efficiency as seen by their Equity turnover. ...while Equity multiplier, a ratio which weighs/compares how a coys asset can conveniently replicate equity, came in real good at 2.93. Put in a better way, CAVERTONs asset can make up for its equity by 2.93 times (multiplier). ...that to me, is damn remarkable !!

Looking at the company's shareholding structure, Chief Aderemi makanjuola (also the coys chairman) currently owns about 14.94% stake, while Molar vessels and Tesmania investment Ltd owns a 9.04% and 54.03% stake in that order.

With a double digit % growth in net asset and total asset, a price to book value of 0.56x and a book value of N4.80 as at Q1 2018, I have a Fair value of N5.70. ...which presents a very juicy 121.8% discount from last Fridays close of N2.57.
I therefore rate CAVERTON a strong BUY.

Disclaimer: This analysis is purely result driven. ...however, it should not be interpreted to mean any kind of outright recommendation.
DD still advised as always pls.

My Verdict: Follow ur instinct.

Regards.

onegentleguy:
In the past I have made a few calls on the company CAVERTON OFFSHORE SUPPORT GROUP PLC, with several shouts on why the coy is in line to be one of the best, if not the best performing stock this year.
For the benefit of those who still haven't seen why, I shall make an attempt to give an in-depth analysis of the company drawing from their 2017 YE and Q1 2018 results.

A few highlights:

▪ The company has 4 subsidiary arm (energy, helicopter, integrated services and marine) which are 100% fully owned and which offers offshore support services to several IOCs (shell, lng, total, exxonmobil etc) with tech partners of the likes of AgustaWestland and VP.Ships. ...and services spanning from Offshore & onshore oil field logistics, Executive ground handling services, Vessel charter, Vessel Magt & ship stevedoring, Private charters and Third party maintenance.
▪ The company's maintenance, repair and overhaul (MRO) project, a world class aviation maintenance platform which would see caverton diversify their revenue base and shift focus from their sole reliance in oil & gas related deals is nearing completion. ...the project, which would drive a remarkable turn is expected to double the company's already current outstanding earnings.
▪ The subsidiary Caverton helicopters has begun a new 5 yr contract (with a possible further 2 yr extension) with the NNPC/CHEVRON joint venture to provide aviation services for the chevron escravos project on the 1st of Aprill, 2018. ...to this end, a total of 11 helicopters were provided for execution. Again highlighting the company's solid future earnings drive and profit sustainability.
▪ The company's subsidiary Caverton Marine has seen higher agency deals plus boat & maintenance contracts continuously been executed with the Lagos State Govt. ...with the Gov, A. Ambode recently commissioning 2 State acquired boats.

Looking at their financials;
▪ The company romped up their PAT by a whooping 328.2% to over N2.6b YoY. ...and very much in that line, Q1 has also seen an approx 36.6% growth in PAT to near N300m.
▪ Turnover also came in good with a 6.4% rise to N20.54b.
...though Q1 witnessed a slight drop in this line following a loss in one of their contractual line. However, the said contract line is of the least drive in turnover.
▪ A spur in retained earnings by near 54% YoY to well over N7.4b.
▪ The company also grew their EPS by an amazing 328.2% from 0.18k to 0.78k. ...Q1 has also seen EPS soar by 50% QoQ to 9k.
▪ CAVERTON has the potential to offset any short term liability without an iota of struggle as can be seen from its very healthy current ratio of 1.14x, which makes up for any risk from the high 85.4% and 61% debt to equity and gearing ratio respectively.
Again the company has the capacity to service its interest bearing liabilities as seen by its very strong interest coverage of 50.42x which is by miles above the industrial average of 5.72x. The company can even access more debt if required.
▪ The company is also showing a strong line of profitability with ROAE romping up so nicely from 4.6% to 16.6%. ...an alarming 257.5% increase. This clearly shows management effectiveness with using more debt in acquiring real value.
▪ Management also showed great efficiency as seen by their Equity turnover. ...while Equity multiplier, a ratio which weighs/compares how a coys asset can conveniently replicate equity, came in good at 2.93. Put in a better way, CAVERTONs asset can make up for its equity by 2.93 times (multiplier). ...that to me, is damn remarkable !!

Looking at the company's shareholding structure, Chief Aderemi makanjuola (also the coys chairman) currently owns about 14.94% stake, while Molar vessels and Tesmania investment Ltd owns a 9.04% and 54.03% stake in that order.

With a double digit % growth in net asset and total asset, a price to book value of 0.56x and a book value of N4.80 as at Q1 2018, I have a Fair value of N5.70. ...which presents a very juicy 121.8% discount from last Fridays close of N2.57.
I therefore rate CAVERTON a strong BUY.

Disclaimer: This analysis is purely result driven. ...however, it should not be interpreted to mean any kind of outright recommendation.
DD still advised as always pls.

My Verdict: Follow ur instinct.

Regards.

Nice research.
This is exactly what I like in this forum, people who carried out research and report their finding, for the benefit of all.

Mpeace:
Chai, where were u all this while I have been taking the heat alone. Pls tell them, there is something in the diamond. Diamond and Access are supposed to be in tue same category.

God forbid!

onegentleguy:
In the past I have made a few calls on the company CAVERTON OFFSHORE SUPPORT GROUP PLC, with several shouts on why the coy is in line to be one of the best, if not the best performing stock this year.
For the benefit of those who still haven't seen why, I shall make an attempt to give an in-depth analysis of the company drawing from their 2017 YE and Q1 2018 results.

A few highlights:

▪ The company has 4 subsidiary arm (energy, helicopter, integrated services and marine) which are 100% fully owned and which offers offshore support services to several IOCs (shell, lng, total, exxonmobil etc) with tech partners of the likes of AgustaWestland and VP.Ships. ...and services spanning from Offshore & onshore oil field logistics, Executive ground handling services, Vessel charter, Vessel Magt & ship stevedoring, Private charters and Third party maintenance.
▪ The company's maintenance, repair and overhaul (MRO) project, a world class aviation maintenance platform which would see caverton diversify their revenue base and shift focus from their sole reliance in oil & gas related deals is nearing completion. ...the project, which would drive a remarkable turn is expected to double the company's already current outstanding earnings.
▪ The subsidiary Caverton helicopters has begun a new 5 yr contract (with a possible further 2 yr extension) with the NNPC/CHEVRON joint venture to provide aviation services for the chevron escravos project on the 1st of Aprill, 2018. ...to this end, a total of 11 helicopters were provided for execution. Again highlighting the company's solid future earnings drive and profit sustainability.
▪ The company's subsidiary Caverton Marine has seen higher agency deals plus boat & maintenance contracts continuously been executed with the Lagos State Govt. ...with the Gov, A. Ambode recently commissioning 2 State acquired boats.

Looking at their financials;
▪ The company romped up their PAT by a whooping 328.2% to over N2.6b YoY. ...and very much in that line, Q1 has also seen an approx 36.6% growth in PAT to near N300m.
▪ Turnover also came in good with a 6.4% rise to N20.54b.
...though Q1 witnessed a slight drop in this line following a loss in one of their contractual line. However, the said contract line is of the least drive in turnover.
▪ A spur in retained earnings by near 54% YoY to well over N7.4b.
▪ The company also grew their EPS by an amazing 328.2% from 0.18k to 0.78k. ...Q1 has also seen EPS soar by 50% QoQ to 9k.
▪ CAVERTON has the potential to offset any short term liability without an iota of struggle as can be seen from its very healthy current ratio of 1.14x, which makes up for any risk from the high 85.4% and 61% debt to equity and gearing ratio respectively.
Again the company has the capacity to service its interest bearing liabilities as seen by its very strong interest coverage of 50.42x which is by miles above the industrial average of 5.72x. The company can even access more debt if required.
▪ The company is also showing a strong line of profitability with ROAE romping up so nicely from 4.6% to 16.6%. ...an alarming 257.5% increase. This clearly shows management effectiveness with using more debt in acquiring real value.
▪ Management also showed great efficiency as seen by their Equity turnover. ...while Equity multiplier, a ratio which weighs/compares how a coys asset can conveniently replicate equity, came in good at 2.93. Put in a better way, CAVERTONs asset can make up for its equity by 2.93 times (multiplier). ...that to me, is damn remarkable !!

Looking at the company's shareholding structure, Chief Aderemi makanjuola (also the coys chairman) currently owns about 14.94% stake, while Molar vessels and Tesmania investment Ltd owns a 9.04% and 54.03% stake in that order.

With a double digit % growth in net asset and total asset, a price to book value of 0.56x and a book value of N4.80 as at Q1 2018, I have a Fair value of N5.70. ...which presents a very juicy 121.8% discount from last Fridays close of N2.57.
I therefore rate CAVERTON a strong BUY.

Disclaimer: This analysis is purely result driven. ...however, it should not be interpreted to mean any kind of outright recommendation.
DD still advised as always pls.

My Verdict: Follow ur instinct.

Regards.

Good research. You might be entirely wrong though. DF comes to mind

safepaulooo:


Good research. You might be entirely wrong though. DF comes to mind

My dear DF is a different case study.
The projection on CAVERTON is strictly based on their financial strength.
...with DF however, it is based more on some expected in-house play (...the REVELATION). DF is still a super long term hold for us !!
We keep watching. ...we are here !!

But hey, pls dont forget to read thru my signature below.

onegentleguy:
In the past I have made a few calls on the company CAVERTON OFFSHORE SUPPORT GROUP PLC, with several shouts on why the coy is in line to be one of the best, if not the best performing stock this year.
For the benefit of those who still haven't seen why, I shall make an attempt to give an in-depth analysis of the company drawing from their 2017 YE and Q1 2018 results.

A few highlights:

▪ The company has 4 subsidiary arm (energy, helicopter, integrated services and marine) which are 100% fully owned and which offers offshore support services to several IOCs (shell, lng, total, exxonmobil etc) with tech partners of the likes of AgustaWestland and VP.Ships. ...and services spanning from Offshore & onshore oil field logistics, Executive ground handling services, Vessel charter, Vessel Magt & ship stevedoring, Private charters and Third party maintenance.
▪ The company's maintenance, repair and overhaul (MRO) project, a world class aviation maintenance platform which would see caverton diversify their revenue base and shift focus from their sole reliance in oil & gas related deals is nearing completion. ...the project, which would drive a remarkable turn is expected to double the company's already current outstanding earnings.
▪ The subsidiary Caverton helicopters has begun a new 5 yr contract (with a possible further 2 yr extension) with the NNPC/CHEVRON joint venture to provide aviation services for the chevron escravos project on the 1st of Aprill, 2018. ...to this end, a total of 11 helicopters were provided for execution. Again highlighting the company's solid future earnings drive and profit sustainability.
▪ The company's subsidiary Caverton Marine has seen higher agency deals plus boat & maintenance contracts continuously been executed with the Lagos State Govt. ...with the Gov, A. Ambode recently commissioning 2 State acquired boats.

Looking at their financials;
▪ The company romped up their PAT by a whooping 328.2% to over N2.6b YoY. ...and very much in that line, Q1 has also seen an approx 36.6% growth in PAT to near N300m.
▪ Turnover also came in good with a 6.4% rise to N20.54b.
...though Q1 witnessed a slight drop in this line following a loss in one of their contractual line. However, the said contract line is of the least drive in turnover.
▪ A spur in retained earnings by near 54% YoY to well over N7.4b.
▪ The company also grew their EPS by an amazing 328.2% from 0.18k to 0.78k. ...Q1 has also seen EPS soar by 50% QoQ to 9k.
▪ CAVERTON has the potential to offset any short term liability without an iota of struggle as can be seen from its very healthy current ratio of 1.14x, which makes up for any risk from the high 85.4% and 61% debt to equity and gearing ratio respectively.
Again the company has the capacity to service its interest bearing liabilities as seen by its very strong interest coverage of 50.42x which is by miles above the industrial average of 5.72x. The company can even access more debt if required.
▪ The company is also showing a strong line of profitability with ROAE romping up so nicely from 4.6% to 16.6%. ...an alarming 257.5% increase. This clearly shows management effectiveness with using more debt in acquiring real value.
▪ Management also showed great efficiency as seen by their Equity turnover. ...while Equity multiplier, a ratio which weighs/compares how a coys asset can conveniently replicate equity, came in good at 2.93. Put in a better way, CAVERTONs asset can make up for its equity by 2.93 times (multiplier). ...that to me, is damn remarkable !!

Looking at the company's shareholding structure, Chief Aderemi makanjuola (also the coys chairman) currently owns about 14.94% stake, while Molar vessels and Tesmania investment Ltd owns a 9.04% and 54.03% stake in that order.

With a double digit % growth in net asset and total asset, a price to book value of 0.56x and a book value of N4.80 as at Q1 2018, I have a Fair value of N5.70. ...which presents a very juicy 121.8% discount from last Fridays close of N2.57.
I therefore rate CAVERTON a strong BUY.

Disclaimer: This analysis is purely result driven. ...however, it should not be interpreted to mean any kind of outright recommendation.
DD still advised as always pls.

My Verdict: Follow ur instinct.

Regards.

Thanks for this details analysis

DeRuggedProf:



Lol....
Critically and emphatically so.
Lets keep the game alive...
Your Jargon is contributing to this inferno....

DeRuggedProf .. miss u oh
deriz blood in d water and d sharks are nt eating lolx
trend lines are now bending, some prostrating
men are stitching wat may require surgery later
further we are , away from breakout zones , fueling more uncertainty & doubt
support gets deeper , bargain looking like traps lol
d bears are singing '' Sell in May, else we come for u '' lollx

#bless

fxuser:


DeRuggedProf .. miss u oh
deriz blood in d water and d sharks are nt eating lolx
trend lines are now bending, some prostrating
men are stitching wat may require surgery later
further we are , away from breakout zones , fueling more uncertainty & doubt
support gets deeper , bargain looking like traps lol
d bears are singing '' Sell in May, else we come for u '' lollx

#bless

Lol...
Very soon the bears will come directly for ur TA tools, like your laptop....

IchimokuPilot:


Lol...
Very soon the bears will come directly for ur TA tools, like your laptop....

pilot
u get query oh
why are we still under the kumo cloud

MSCI Frontier 100
Daily Chart
Link: https://invst.ly/7ifya

(how trend bends)

#JustObserving

IchimokuPilot:


Lol...
Very soon the bears will come directly for ur TA tools, like your laptop....

DangFlour
Daily chart

Click : https://invst.ly/7if-2

- see hw price breaks d 50dma and d 200dma
- all d good times were above d 50dma , but its now looking down
- caution pple
- dont fight d trend or d jargon lolx

Chibuking81:
But at least, Peter will be outside to assist.

Boss Peter ke! OYO is their case. You dont even mention Loco or Oga Oracle
That's if Loco wouldnt have jumped inside the bus self

guys do you guys make profit on this sec thingy
I downloaded the itrade manual of morgan capital
Who says my return wont be swallowed up by the charges

fxuser:



pilot
u get query oh
why are we still under the kumo cloud

Lol...
We will soon make a decisive move...
Keep calm, we are just on a test flight....

fxuser:
DeRuggedProf .. miss u oh
deriz blood in d water and d sharks are nt eating lolx
trend lines are now bending, some prostrating
men are stitching wat may require surgery later
further we are , away from breakout zones , fueling more uncertainty & doubt
support gets deeper , bargain looking like traps lol
d bears are singing '' Sell in May, else we come for u '' lollx #bless

No even understand wetin this oga dey talk Ichimoku don rub am for ya body

Mpeace:
Chai, where were u all this while I have been taking the heat alone. Pls tell them, there is something in the diamond. Diamond and Access are supposed to be in the same category.

Lol, very funny.

A man's mother's 5 year old brother is still the man's uncle right??

Chai!!! the guy above ^^^ made the above post in 21 nairalan sections out of the 21 :posts he made so far

IT PAYS ...

www.nairaland.com/3560501/holineness-righteousness-revival-daily-messages/13#67770046

MSCI ADDITION FOR 21 MAY 2018/GENERAL MARKET COMMENT

Shedding of shares continue. Compared with Friday, value of stock sold was less, but the latest selling tempo increased in percentage quantity terms increased for the likes of Fidelity, Flour Mills, Diamond Bank and Lafarge.

The general volume of shares traded in the market was very low, still indicating that there are few buyers in the market.
Looking at the above, for today I want to be off duty from the market. I know nothing new will happen the all share index will likely close lower than the opening.

The idea just struck me that this MSCI index can tell me when to stop further investing in the market. Why, since the market is only good when stocks are moving up, if the stock market is falling and volume is decreasing automatically the market place (let us think about a local market) is about to close for the period. Thus at the moment, the attraction for me as an investor in the market is waning. Will any of us still be happy to be shopping when most of the trader's have closed their shops for the day? Can you as a seller or buyer get good stuff!!! Let us ponder over this for those of us who want to be in the market at all time.


Therefore, I am looking to switch back to buying mode, only when some volume returns to the market. For the Equity still in my portfolio if I see a sudden upsurge with small profit, I will take it and wait at the sideline.

Caution: This is for information purpose only. Data used are assumed to be correct. However, you may want to verify the data from an appropriate source.

Thank God for a succesful trip. My people how is market?

Thank God for a succesful trip. My people how is market?