IHelp:
UBA
WAPCO
FCMB
Received

Redoil:
how much did they declare as dividend

beejay1:
https://doclib.ngxgroup.com/Financial_NewsDocs/38388_VITAFOAM_NIG_PLC.-_QUARTER_2_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_APRIL_2023.pdf

31% decrease in 2023 Q2 EPS (compared to 2022 Q2 EPS)

emmanuelewumi:

Does that mean the party is gradually coming to an end

onegentleguy:


Some persons will leave and maybe wish they can reenter.
People will exit the door... but more people will enter/come in!

Perhaps, there's an anaconda-money-bag snipping on all offers.
Maybe Mr TRANSCORP might visit that N3 arena or somewhere near it. ...just maybe!

CAVEAT: NOT to be interpreted as any sought of investment advice.

It is well

purleesh:
https://billionaires.africa/2023/04/28/nigerian-billionaire-femi-otedola-sells-his-transcorp-stake-to-tony-elumelu/

Confirmed?

onegentleguy:


Am guessing this could be a typo error or something.
It's actually an approx 13% drop in EPS and not 31%.
Compare the coys H1/6 months end to Mar 31, 2023 to its corresponding period in 2022.

The slight drop in EPS was expected in view of the coys inorganic growth and expansionary plan.
Concern should be on how efficient the coy was at fund/cash flow utilization. ...and on that I'd score them a 7 on a scale of 1-10.

I've always said that we should always endeavor to look beyond a company's SCF and take a deeper dive into their SCF and BS.
A coy SCF tells the least 'story" as it relates to ACTUAL performance.

VITAFOAM is still a buy at CMP.

CAVEAT: NOT an investment advice.

beejay1:
https://doclib.ngxgroup.com/Financial_NewsDocs/38397_INTERNATIONAL_BREWERIES_PLC.-_QUARTER_1_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_APRIL_2023.pdf

I cant say this one....pls read for yourself...it is well

OBAGADAFFI:
Japaul

onegentleguy:
So we added to our bag of INTERNATIONAL BREWERIES today.
...it's the 1st of a 5-batch structured entry trade set-up, so we've still got 4 more to go!

Only challenge is the tiny traded volume so far.
It appears some "handlers" have been engineering some crossing on the coys buy/sell trade book to suite ...
But hey, we love it!
I can never turn a blind eye to an opportunity to acquire a coy (like this) for a price equivalent to getting it for gratis... because some persons could not see the VALUE in it.
...for doing that would be tantamount to ignoring WAPCO @ N9, NEIMETH @ 38k, WEMA BANK @ 56k, UACN @ N4.5, PZ @ N4, NAHCO @ N3+, DS @ N11+, GUINNESS @ N15, UNILEVER @ N10+, TRANSCORP @ <90k, CHAMS @ 20k etc... when in a similar fashion, some folks could not infer any value in them and quite possibly avoided them like a plaque.

We hope to acquire more afolabi unit of INTERBREW as price drops.
TA shouldn't come and halt things for us pls. It has to drop oo!
We shall keep buying and where necessary, adjust our entry trade set-up to accommodate much more unit until price drops to maybe 20k.

And then we would allow Mr TIME to take care of matters.
It is well.

beejay1:
https://doclib.ngxgroup.com/Financial_NewsDocs/38397_INTERNATIONAL_BREWERIES_PLC.-_QUARTER_1_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_APRIL_2023.pdf

I cant say this one....pls read for yourself...it is well

onegentleguy:




Have you taken some time to digest the key lines in the report?
Based on clear cut forecast, everything was totally expected.

I hope you saw the FPs from NB and GUINESS?
A quick glance and I can see that INTERBREW even did better on certain key VPDs that are of interest to me.

Pls sell your holding naw.
To all those looking at this report but who can't see value, PLS, bring out your holding and offload beginning Tuesday.
Pls SELL OFF your stakes, and I mean it!
As I said before; everyone must not be in that coy.

We still have an unfinished business with INTERBREW. (see post above)

Selah

yMcy56:

TBH, I don't think he has violated any rule as far as I'm concerned.

You picked a stock, you're no longer comfortable holding, one big man approached you to back down and give you a good offer for your stakes, you accepted, cash in your profit and move on.....

SEC also confirmed no rule has been violated.
It's not his fault that people rode on his name to acquire Transcorp nah. Na jejely he go do biz there.

beejay1:
My bros, thanks for the analysis. So if you look at just Q2 2023 only and compare with Q2 2022, we have a 31% drop. Pls help verify for my learning.
For Half year 2023, yes we have a 13% drop in EPS (compared to half year 2022)

onegentleguy:


Relax my dear. ...there's absolutely no cause for alarm.
What if I tell you that GT did slightly better than ZENITH on more VPD in view of their YE, 2022 Nos?
What if I tell you that GT currently "carry a bit more value with it" than ZENITH? (MoS/RRM from FVE)

Both coys are ok, but I have a slight preference for one ahead of the other.

Again, PAT does not always tell the whole story.
Look beyond the SPL and consider deeply their SCF and BS position.

I currently do not hold any of the 2 at the moment but if I were to consider an entry, it would be a 60-40% fund allocation (portfolio weighting in view) in favor of GTB. (ahead of ZENITH)
...of course, using an appropriate trade set-up.

As with ZENITH, the match in div pay from previous year (for GT) might be management's deliberate strategy to calm any expected sell off that may have otherwise built-in from the drop in NPM.
Could also be a way of telling us that the banks growth trajectory could be sustained in 2023.
(Q1, 2023 Nos will give us a clue though)

No thanks to the many structural deficiencies in the system, these banks appear to have built themselves in a manner that gives them the needed shock absorber to take in these sought of loses. (impairments in view)

On the share price, I think that dividend hunters (div growth investors) might want to hold... perhaps until post ex-dividend.
I expect a drop in price thereafter.
Again, I think Q1 and possibly H1, 2023 Nos will to a large extent determine the share price movement.

We'll see how the market reacts to this.

onegentleguy:
https://twitter.com/RealOlaudah/status/1651959369884377088

What transpired.
...it's alright!

OBAGADAFFI:

onegentleguy:
https://twitter.com/RealOlaudah/status/1651959369884377088

What transpired.
...it's alright!

Zagee:
This is what volatility looks like. Somebody was confusing it earlier.

Princkez:
https://doclib.ngxgroup.com/Financial_NewsDocs/38357_FIDELITY_BANK_PLC-_QUARTER_5_-_FINANCIAL_STATEMENT_FOR_2022_FINANCIAL_STATEMENTS_APRIL_2023.pdf

Zagee:
This is what volatility looks like. Somebody was confusing it earlier.

onegentleguy:


...that capitalist mentality.

It is well

locodemy:


My Japaul will see #1 before the year runs out.
With this result and the type of stock it is, I am comfortably waiting for positive response.

Mining sector is the next place Federal Govt is moving to.Tinubu has assured us.

Dave2011:
I haven't seen my UBA dividend yet, anybody in my shoe?

naturalflow:
There must be a part 2 in this transcorp movie.mike adenugu will be the actor this time.