Justcul:
Yet to see results for Gtb, Zenith and access. What's happening?

RabbiDoracle:
Q2 2020 GDP vs Q2 2019

Germany - 10.1% (minus 10.1%)
Austria -10.7% (minus 10.7%)

US GDP numbers: analyst are forecasting - 34.1% (minus 34.1%)

This looks like the developed economies are going to have a big bang! If you are there, brace for impact.

Unfortunately, summer is about to end after August and most countries that are dependent on tourism saw very few numbers of arrivals. Greece, Spain, France, Turkey, Malta, Austria, South Africa etc could be impacted harshly by slowdown in tourism.

We will see more as we enter into August.

RabbiDoracle:


The market is serving ngwo first. So relax Nkwu-enu is coming.

modgba:
Access Bank Considers Dividend Payment for HY 2020
https://businesspost.ng/banking/access-bank-considers-dividend-payment-for-hy-2020/

Digital Transactions Jerk Union Bank’s H1’20 Earnings by 8%
https://businesspost.ng/banking/digital-transactions-jerk-union-banks-h120-earnings-by-8/

Ecobank Boosts Liquidity Buffers Amid 22% Drop in H1’20 Profit
https://businesspost.ng/banking/ecobank-boosts-liquidity-buffers-amid-22-drop-in-h120-profit/

Airtel Nigeria Slashes Data Prices for Online Education by 50%
https://businesspost.ng/education/airtel-nigeria-slashes-data-prices-for-online-education-by-50/

GBfoods Completes Ogun Plant, Rebrands Bama Mayonnaise
https://businesspost.ng/brands-products/gbfoods-completes-ogun-plant-rebrands-bama-mayonnaise/

TAJBank's Performance Excites Shareholders at 1st AGM
https://businesspost.ng/banking/tajbanks-performance-excites-shareholders-at-1st-agm/

Entrepreneurs to Jostle for Access Bank’s N9m at Womenpreneur Pitch-a-ton
https://businesspost.ng/brands-products/entrepreneurs-to-jostle-for-access-banks-n9m-at-womenpreneur-pitch-a-ton/

Driving Growth Through Digital Economy
https://businesspost.ng/featureoped/driving-growth-through-digital-economy/

Justcul:
Yet to see results for Gtb, Zenith and access. What's happening?

Mcy56:


I strongly agree with these statements and I think it summarizes issues with predictions to a large extent.
It reminds me of Currentprice's prediction of Vitafoam and Dangflour, two out of the many predictions.
I may not remember clearly cos I'm typing off-hand, but will still say it.
He predicted Vitafoam to reach N5, and long after that, Vitafoam was doing marabouts around N3 or so........but by the time it took off, the first bus stop was N4......then N5+........another prediction around 8 came thereafter and it's yet to get there.
With the way Vitafoam is delivering, it's just a matter of time for the prediction to come true.
Nsempas always have short term focus. Once there's a prediction they jump in, only to be disappointed when it doesn't manifest quickly.
It's true few 'may not' come true because some things may have happened along the way but I think we should still appreciate people going out of their way to research and post it freely here.....
Funny enough, very few will come out to appreciate the ogas when the prediction comes true and they make good profits from it.
It's well.

Justcul:


Negative impact right? I live in one of these ooo

RabbiDoracle:


Yes o.

It could be wounding on you guys.

Save, invest, reduce expenses, reduce debts. It could be longer than economists are predicting.

Justcul:
Yet to see results for Gtb, Zenith and access. What's happening?

onegentleguy:


For those set(UGAZ), H1(half yr) report will be audited unlike the others that released their unaudited results.
I want to believe that CMO(capital mkt operators) prudential guidelines, allows for an extended period of a maximum of 30 days but with a grace period of an additional 30 days to allow for CBN scrutiny post the end of the financial timeframe for banks releasing audited print, but 30 days(with no grace period) for the unaudited ones.
...which, I think, occasioned the influx of unaudited result from banks in the last few days.

So expect the report from UGAZ in August.
The unaudited ones that are yet to release theirs(like fidelity) have until tommorrow to do so, or maybe face a penalty(fine)

Regards

RabbiDoracle:


The market is serving ngwo first. So relax Nkwu-enu is coming.

DrAwo:
Vitafoam 5 year result analysis...
#StartOfSomethingNew

onegentleguy:


1st off, I'd like to say a big kudos to u for ur effort towards guiding the forum... particularly newbies.
...u do a noble job dear !!

That said, I'd suggest u add or replace certain indices therein with their better but similar key lines to help broaden ur perspective, rake-off more risk premium and better mirror/reflect the search for VALUE !!

For a start, u need to replace that debt to equity line with; LTDC ratio(long term debt coverage ratio)... a financial ratio that seeks to ascertain how a company's cash flow replicates its Long-term debt.(LtD)
...and add the lines; CURRENT RATIO/QUICK RATIO and INTEREST COVERAGE RATIO to better describe how well a coys equity can adjust to its debt burden.(debt/equity)

In weighing a coys leverage against the quest for REAL RETURN, there's an issue with utilizing the debt to equity in isolation. A company X may have low debt to equity and still be a VALUE TRAP, while its same sector peer coy Y, may have low debt to equity but yet, highlight immense VALUE !!

Let's break it down;
The idea behind debt to equity is to gauge how a coys extent of laverage compares to its stakeholders equity with a view to seeking VALUE.
mathematically, D/E ratio= Total liability/Total equity.
So by variation, as TL rises, D/E increases... but there's a problem.
While the D/E formula captures a coys TL, it does not tell u what % of that TL will need to be paid down in the short term.(current liability(CL) against TL in view), which blurrs the act of projection VALUE.

To illustrate;
Two P2P coys V and W. ...V has a TL of N2B but CL of N0.5B, while W has a TL of N1.5B and CL of N1B. ...assuming they both have the same stakeholders equity of say N3B.
...then, an investor might be tempted to think that the coy W with D/E of 50%(1.5/3x100) is a better pick than V with D/E of approx 66.7%(2/3x100), but this is for the most part untrue.
With coy V, just 25% of CL makes up TL(0.5/2x100), unlike coy W with 66.7%(1/1.5x100).
The interpretation of this is that Coy W is 2.6x likely to experience pressure on earnings/NI from interest expense and as much strain on NWC(net working capital), ceteris peribus.
...which will take a bite off their C/S/EM/EPS and contract ur push for VALUE.
Remember; Ur buying into the future value proposition of a company.

Let's dig a little further...
Assuming u now add the lines current ratio, an indicator that tells the story of how well a coy manages its short term obligations(CA/CL), u can then easily better factor in what liabilities a coy needs to meet, with its payable in the near term, to better guage value.
Btw, if and when u notice that a coy is witnessing decelerating revenue and low earnings amid contracting receivables and higher or stagnating inventory position, then it'd be best to utilize the QUICK RATIO which is similar to CURRENT RATIO but discounts inventory.(level of solvency to duplicate short term debt without future sales in view).

To support ur perusal of the CURRENT/QUICK RATIO, u add the INTEREST COVERAGE RATIO(ICR)... a financial tool that paints a picture of a company's ability to make interest payments on its entire debt load. While this ratio does not tell the "whole story", it is extremely important.
ICR= EBIT/Interest expense.
For emphasis, it'll be best to align with coy X with an ICR of say 3 than another Y with an ICR of 1.7... even if the former has a high D/E of say 65% and the latter has a low D/E of 30%.

Finally u replace that D/E with LTDC ratio, mentioned above.
As I stated earlier the D/E ratio is handicapped by its inability to properly isolate and compare short term obligation to a coys overall leverage.
The solution is in the LTDC ratio, which compares free cash flow to long term debt.(LTDC=FCF/LtD)
...that way, u can adjust ur estimates to reflect realities(coy/asset financial position in view), better discount RISK and seek REWARD.

In summary; REPLACE D/E RATIO with LTDC RATIO and ADD CURRENT/QUICK RATIO and IC RATIO.

These indices are very important. When u can fine-tune them and add a few others, u can tell a troubled coy. ...including one that might be looking to raise funds(debt or equity/rights issue) from the mkt.

Will highlight a little more for u in due course.

Regards

longlife20:
http://www.nse.com.ng/Financial_NewsDocs/31101_AXA_MANSARD_INSURANCE_PLC-_QUARTER_2_-_FINANCIAL_STATE.pdf

Nice one from axa mansard

RabbiDoracle:
Q2 2020 GDP vs Q2 2019

Germany - 10.1% (minus 10.1%)
Austria -10.7% (minus 10.7%)

US GDP numbers: analyst are forecasting - 34.1% (minus 34.1%)

This looks like the developed economies are going to have a big bang! If you are there, brace for impact.

Unfortunately, summer is about to end after August and most countries that are dependent on tourism saw very few numbers of arrivals. Greece, Spain, France, Turkey, Malta, Austria, South Africa etc could be impacted harshly by slowdown in tourism.

We will see more as we enter into August.

phoinix:
Lagos, home of the brave. Putting in work in the streets like a slave. Keeping a rugged dress code, always in this stress mode.

I'm nine hundred and ninety-nine thousand dols short of a mill.

Valueinvestor:

Watching Mutual Benefits too in 3D, should deliver in the nearest future

Mcy56:

GSK is yet to release result.........or maybe I missed the post.

Tvegas:
Mercy it's been released,I just reconfirmed . EPS dropped from 31kobo in 2019 to 25kobo in 2020.
I boarded the bus at Kilometer N5.20. Na make holy spirit come take steering we dey pray now o.

Tvegas:
Mercy it's been released,I just reconfirmed . EPS dropped from 31kobo in 2019 to 25kobo in 2020.

I boarded the bus at Kilometer N5.20. Na make holy spirit come take steering we dey pray now o.

Justcul:


OGG himself

Sir please give me 3 stock picks at market current prices for 6 months to one year. I will do my dd

Best regards

onegentleguy:
...HOLD !!
U too dey fear.

Tvegas:
Be careful with how you watch the bolded company in 3D, I am close to a top stakeholder there. Their style need more scrutiny.

onegentleguy:


But I already mentioned several key coys to align with here naw.
...just help urself by digging up past post bro.
But hey, a reminder to ur write-up in bold.

Cheers

onegentleguy:

In summary; REPLACE D/E RATIO with LTDC RATIO and add CURRENT/QUICK RATIO plus IC RATIO.