emmanuelewumi:
the stock would be sold at marked down price.

huh... OK thank you
I guess it's better to hold till first quarter results come out. :-|

FY17: Wema Bank Grows Earnings by 20% as NPL Ratio Drops to 3.52%
https://www.businesspost.ng/2018/04/11/fy17-wema-bank-grows-earnings-by-20-as-npl-ratio-drops-to-3-52/

rebekah2011:
Revenue increased greatly. You better go and read the auditors report. This is a coy that is technically dead

A company that the auditors already saw that

1) There are uncertainties around the going concern of the company. Order book is low. Shareholders fund eroded. Gearing ratio is 185:1.

2) Company may not be able to meet its foreign currency obligations as at when due.

This is a company in need of resurrection power! It is LONG dead.

Pls who knows how I can reach Veritas Registrars on phone? They are not picking their land lines. Afriprud lines are not going through at all. I will appreciate these contacts.

PharmAlfred:
Pls who knows how I can reach Veritas Registrars on phone? They are not picking their land lines. Afriprud lines are not going through at all. I will appreciate these contacts.

Afriprud 08143146568

CI is coming home
Enjoy

https://www.youtube.com/watch?v=k-ImCpNqbJw

Princkez:
Afriprud 08143146568

Thank you.
Any help on Veritas Registrar contacts?

wanaj0:


A company that the auditors already saw that

1) There are uncertainties around the going concern of the company. Order book is low. Shareholders fund eroded. Gearing ratio is 185:1.

2) Company may not be able to meet its foreign currency obligations as at when due.

This is a company in need of resurrection power! It is LONG dead.

PLS sir,what do you mean by gearing ratio?

OANDO FAITHFULS. ....Some smile after all
https://www.premiumtimesng.com/business/business-news/264740-just-in-trading-on-oando-shares-resumes-thursday-nse.html

safepaulooo:
OANDO FAITHFULS. ....Some smile after all
https://www.premiumtimesng.com/business/business-news/264740-just-in-trading-on-oando-shares-resumes-thursday-nse.html

Ok. Goodest news. Thanks ao much.

safepaulooo:
OANDO FAITHFULS. ....Some smile after all
https://www.premiumtimesng.com/business/business-news/264740-just-in-trading-on-oando-shares-resumes-thursday-nse.html

https://nairametrics.com/nigerian-stock-exchange-clarifies-oando-flip-flops-and-lifts-suspension-again/

...and the Oando drama continues.
I already knew the worst days are over though.
But remember; If u ever wish 'to be a part of the Oando drama, then don't ever forget to utilize very long spoon'.
...u must be extra vigilante !!

Guess this is responsible for recent drop in DF price. They sold off to finance this gift

https://www.vanguardngr.com/2018/04/970748/

safepaulooo:
Guess this is responsible for recent drop in DF price. They sold off to finance this gift

https://www.vanguardngr.com/2018/04/970748/

...Not at all my dear !!

PharmAlfred:


Thank you.
Any help on Veritas Registrar contacts?

Send an email to enquiry@zenithregistrars.com if you are lucky they’ll reply immediately but it usually takes 24 hours max to get a response. I would have given you a number to call but the babe go para me

PharmAlfred:
Pls who knows how I can reach Veritas Registrars on phone? They are not picking their land lines. Afriprud lines are not going through at all. I will appreciate these contacts.

Don’t mind those people.. both email address and phone number on their website not working. smh Africa !
Send an email to the address I gave you instead

onegentleguy:


https://nairametrics.com/nigerian-stock-exchange-clarifies-oando-flip-flops-and-lifts-suspension-again/

...and the Oando drama continues.
I already knew the worst days are over though.
But remember; If u ever wish 'to be a part of the Oando drama, then don't ever forget to utilize very long spoon'.
...u must be extra vigilante !!

Totally agree with u sir. Oando is the place to be right now but u must be very careful and extra vigilant. It has made many rich and will still make many rich. Expect 100 percent appreciation in the short term cos of the sentiments around this stock. pls do your due diligence

PharmAlfred:
Pls who knows how I can reach Veritas Registrars on phone? They are not picking their land lines. Afriprud lines are not going through at all. I will appreciate these contacts.

These numbers are for Africa prudential, they are having problem with their old lines, for Veritas: if you ask me, na who I go ask
08143146568
08162900191
07037474306
07032100628

Yayira:



Don’t mind those people.. both email address and phone number on their website not working. smh Africa !
Send an email to the address I gave you instead

Some still respond to mail Meristem, Veritas, first registrar, Africa prudential but the one that scared me most was GTL-Registrars even when I tried their live chat I was number 184 on the queue.

DOLLARTEX:
PLS sir,what do you mean by gearing ratio?

A gearing ratio is a general classification describing a financial ratio that compares some form of owner's equity (or capital) to funds borrowed by the company. Gearing is a measurement of the entity’s financial leverage , which demonstrates the degree to which a firm's activities are funded by owner's funds versus creditor's funds.

Culled from Investopedia

rationalmind:


A gearing ratio is a general classification describing a financial ratio that compares some form of owner's equity (or capital) to funds borrowed by the company. Gearing is a measurement of the entity’s financial leverage , which demonstrates the degree to which a firm's activities are funded by owner's funds versus creditor's funds.

Culled from Investopedia

Thank you very much.japaul was on green yesterday despite the result!

DOLLARTEX:
Thank you very much.japaul was on green yesterday despite the result!

I think the result came out after the market had closed. Even if it closes on bid today after investors must have digested the result, it's just one of the many wonders of the NSE

rationalmind:


A gearing ratio is a general classification describing a financial ratio that compares some form of owner's equity (or capital) to funds borrowed by the company. Gearing is a measurement of the entity’s financial leverage , which demonstrates the degree to which a firm's activities are funded by owner's funds versus creditor's funds.

Culled from Investopedia

See below for details. You can also look at other financial ratios

https://www.investopedia.com/terms/g/gearingratio.asp

DOLLARTEX:
Thank you very much.japaul was on green yesterday despite the result!

Traders don't need to bother about results.

rationalmind:


I think the result came out after the market had closed. Even if it closes on bid today after investors must have digested the result, it's just one of the many wonders of the NSE

People still BUY completely DEAD companies on the NSE. Caveat emptor is a Latin term that means "let the buyer beware".

wanaj0:

Traders don't need to bother about results.

You mean it?

Toluway:

You mean it?

It is all about momentum !

Oando Forensic out soon......perhaps after the reggae play the blues. Traders caution oohh

https://www.premiumtimesng.com/news/headlines/264751-result-of-oandos-forensic-audit-out-soon-sec.html

Access bank and Diamond i hail ooo. Na Diamond bank carry the kaya pass.
https://nairametrics.com/two-nigerian-banks-on-the-hook-as-japaul-sinks-deeper-into-financial-crisis/

wanaj0:


A company that the auditors already saw that

1) There are uncertainties around the going concern of the company. Order book is low. Shareholders fund eroded. Gearing ratio is 185:1.

2) Company may not be able to meet its foreign currency obligations as at when due.

This is a company in need of resurrection power! It is LONG dead.

Sir why are you an alarmist?

Is it your money?

We will give you title ooo.... Milost must definitely invest in the company.

Jejebaba:
Access bank and Diamond i hail ooo. Na Diamond bank carry the kaya pass.
https://nairametrics.com/two-nigerian-banks-on-the-hook-as-japaul-sinks-deeper-into-financial-crisis/

Diamond in the rough

It is even there that they make more money.

wanaj0:


Traders don't need to bother about results.

RabbiDoracle:


Sir why are you an alarmist?

Is it your money?

We will give you title ooo.... Milost must definitely invest in the company.

Some people have used Milost gist to dump the stock