Cadillac15:



Wow!!! Are you sure it was the correct result we downloaded

tritritri:


@Cadillac15 I know how Anxious u're waiting for flourmill result. watzup...long time

Cadillac15:


Baba i dey o. How far our discussion? Hope you have made a headway.

Gracias

Cadillac15:


Wow!!! Are you sure it was the correct result we downloaded

tritritri:



Not at all..waiting till december to proceed.

Cadillac15:


Cool. Na bonanza i dey wait now. Right behind chibuking

tritritri:





On the other hand what if the bonanza gang get disappointed ?

locodemy:


unless the private placement is discarded.Aiico will go up in price likewise Diamond bank.

Note......I am not buying Aiico because of result but because of the new investor who is bidding above the market price.

Dupeodus:


Aiico management continues to manipulate it's financials to suppress it's share price because of this private placement they want to do. They want to buy more shares of the company on the cheap. The q3 financials has an unexplained N3.6 billion Fair Value loss. We know that losses like this come from the valuation of their government Bond holdings when interest rate increases. However, there has not been any significant movement in government Bond coupon rates between December 2017 and end of September to justify this loss. Besides, we did not see any correspondent downward movement on the life contract liability side if interest rates has gone up This is another one on top of their undervaluation of their government Bond holdings as of 31 Dec 2017. For the financial year ending 31 Dec 2016, AIICO correctly marked down the value of it's Government bond holdings by N12 billion because interest rates on government Bond jumped. The life contract liabilities were similarly marked down. By financial year ending 31 Dec 2017 however, interest rates on government bonds reverted back to around 13%. While the life contract liabilities were correctly marked up to reflect higher valuation because of lower discounting rates, the value of the government bonds assets were not marked up to reflect the lower prevailing rates. Instead, the N12 billion negative reserve created in 31 Dec 2016 because of the asset mark down was netted against the Retained Earnings post 31 Dec 2017. If one takes out all of these manipulations through the valuation of assets and liabilities because of changes in interest rates, then you begin to see the true potential of AIICO. Sometimes, I wish I could see the financials of Leadway, the leading life insurance company to compare with AIICO but Leadway is a private company.

tritritri:


@Cadillac15 I know how Anxious u're waiting for flourmill result. watzup...long time

tritritri:


@Cadillac15 I know how Anxious u're waiting for flourmill result. watzup...long time

currentprice:


here is the result http://www.nse.com.ng/Financial_NewsDocs/24328_FLOUR_MILLS_NIG._PLC._FINANCIAL_STATEMENTS_OCTOBER_2018.pdf

currentprice:


here is the result http://www.nse.com.ng/Financial_NewsDocs/24328_FLOUR_MILLS_NIG._PLC._FINANCIAL_STATEMENTS_OCTOBER_2018.pdf

Dupeodus:


Aiico management continues to manipulate it's financials to suppress it's share price because of this private placement they want to do. They want to buy more shares of the company on the cheap. The q3 financials has an unexplained N3.6 billion Fair Value loss. We know that losses like this come from the valuation of their government Bond holdings when interest rate increases. However, there has not been any significant movement in government Bond coupon rates between December 2017 and end of September to justify this loss. Besides, we did not see any correspondent downward movement on the life contract liability side if interest rates has gone up This is another one on top of their undervaluation of their government Bond holdings as of 31 Dec 2017. For the financial year ending 31 Dec 2016, AIICO correctly marked down the value of it's Government bond holdings by N12 billion because interest rates on government Bond jumped. The life contract liabilities were similarly marked down. By financial year ending 31 Dec 2017 however, interest rates on government bonds reverted back to around 13%. While the life contract liabilities were correctly marked up to reflect higher valuation because of lower discounting rates, the value of the government bonds assets were not marked up to reflect the lower prevailing rates. Instead, the N12 billion negative reserve created in 31 Dec 2016 because of the asset mark down was netted against the Retained Earnings post 31 Dec 2017. If one takes out all of these manipulations through the valuation of assets and liabilities because of changes in interest rates, then you begin to see the true potential of AIICO. Sometimes, I wish I could see the financials of Leadway, the leading life insurance company to compare with AIICO but Leadway is a private company.

phemmie06:

http://www.nse.com.ng/Financial_NewsDocs/24328_FLOUR_MILLS_NIG._PLC._FINANCIAL_STATEMENTS_OCTOBER_2018.pdf

Cadillac15:


More than 60% drop in all parameters. Buhari has killed us finally

tritritri:



Almost d same position as dangflour..@currentprice help me analyse d result. almost 48% difference from 2017.

currentprice:


not a good result. in my own opinion FM may likely fall more from the currentprice.

on my bedsheet, i have fairprice of N13

the good thing i see about this result is the company have positive Free cash from equity, which if proper use can increase their Q3 earnings

FCFE per share is 5 times the EPS reported. good oxygen for them

currentprice:


not a good result. in my own opinion FM may likely fall more from the currentprice.

on my bedsheet, i have fairprice of N13

the good thing i see about this result is the company have positive Free cash from equity, ^{"others company in same category lack this"} which if proper use can increase their Q3 earnings

FCFE per share is 5 times the EPS reported. good oxygen for them

currentprice:


if their investors look the way of the FCFE per share instead of eps. this stock might not go near the fairprice

stcool:
[s]On a more serious note results from this consumer goods sector gives a clear picture of what is really happening in this country. Purchasing power of the middle class is getting wiped out and the painful reality is our politicians don't care.

Buhari is killing this economy, I dont care what kind of corrruption he his fighting...the worst that can happen to this economy now is for us to slip back into recesssion.

If Buhari wins in 2019...that would be my goodbye to nse or maybe hold unto one stock (GTB/Zenith) and move rest of my funds into Dollar($), because we would definitely witness another recession. The only thing keeping us now is Crude oil price. [/s]

4601CE:

Start packing your loads sir .

stcool:


As usual Zombies are quick to defend their messiah

phemmie06:
http://www.nse.com.ng/Financial_NewsDocs/24255_HONEYWELL_FLOUR_MILL_PLC_FINANCIAL_STATEMENTS_OCTOBER_2018.pdf