mendes911:


Do you still truly believe this off market trade details? Why would this BUYER pay N3.12 for units that were readily available at a discounted price on the floor? Does it add up? That's why I said it's never what it seems with these cowboys!

onegentleguy:


I believe you use Morgancapital.

Just login to your A/c, go to Menu and click on NEWS. (the last option under Market)
You can always surf around all the news for any given month/period but to see the latest news, click on the small drop-down arrow under the current month.
You get highlights of info/news for the day at the extreme right under DETAILS.

The news for the said cross deal is right there.

Hope this helps.
Regards

BabsO2:


Where can one monitor this off market trade information ?

Possible the deal was real as that's a high volume. Many doing such high trades - that is the buyer and the seller - could have various motivations. Such deals are not impossible.

ositadima1:
If a company made zero profit after tax and purchased property and equipment from its cash, would the equity remain same?

Should d reduction in cash account cancel out the increase in property and equipment account?

onegentleguy:



Refer to the post/guide above if you use Morgancapital Securities.

I really do not know if other firms have that feature in their user interface. ...but there's also a possibility they have it. You just need to find out.

Regards

yMcy56:

Chai!! See as you interpret am!
Well, you're good at prediction anyway. I no too get liver for trouble like that.

Btw, when are you giving us tips for that ogbonge one you mentioned sir?

ositadima1:
If a company made zero profit after tax and purchased property and equipment from its cash, would the equity remain same?

Should d reduction in cash account cancel out the increase in property and equipment account?

emmanuelewumi:



I have seen companies that didn't make profit, whose equity increased at the end of the year

BabsO2:


WIth naira depreciation, a company's physical assets will most likely appreciate. And revalued, the equity will increase even though no profit was made.

Agricultural assets can also be revalued upwards when plants grow and mature. Like happened with PRESCO and OKOMU.

emmanuelewumi:



A businessman can acquire more assets for his business within a year by carefully spending less than what the business earned, yet could not declare profit for the year

currentprice:




is the Chams u have identified thru ur real-Itrade TA

though am not buying but buyer will make good money, not strong enough to my taste as am still searching for my own taste for the year

ositadima1:
If a company made zero profit after tax and purchased property and equipments from its cash, would the equity remain same?

Should d reduction in cash account cancel out the increase in property and equipment account?

Streetinvestor2:
The corruption must go round. My believe is thr is a big masquerade standing behind Tony.You think it was just Tony that made otedola back out of transcorp. Ote went into transcorp because of the power business of transcorp. Power sector is the next big thing in naija and the wolves are taking position via any means necessary. E go shock you when Tony is nominated as the next cbn oga .Transcorp will still hit above #3.00 soon.I have taken my usual one bottle of hero stout, lol

Frangel:
If the purchase was during the year of account, depreciation for the period in use would have been charged to arrive at the zero PAT (strange). PPE will increase while cash decreased by the cost of acquisition. Equity doesn't change. At the basics, equity would change in a situation of zero PAT if there's a revaluation (up or down) of assets.

Reduction in cash cancels increase in PPE. Accounting wise, for every debit(PPE), there must be a corresponding credit (cash).

Lion123:
This Transcorp still dey do me like film trick sha. This time last week, you couldn't even find the stock to buy. It was on full bid. I was even begging my broker to abeg epp me find some units. Look at it today.

ositadima1:


Thanks, I would also like to know where is the deducted depreciation (in d income sheet) accounted for in the balance sheet?

I think it is added to cash account, what confuses me is that it seems to be deducted again in a counter account under PPE.

In another example, where PAT is zero and no PPE was purchased equity suppose to grow from excess cash due to depreciation not being a cash expense?

Frangel:
The deducted depreciation is accumulated (accumulated depreciation) over the years of the asset (until sold or scrapped) and deducted from the cost of the asset to arrive at it's value stated on the balance sheet (carrying value). It doesn't affect the cash balance.

Where PAT is zero and no PPE is purchased, equity and cash remain unchanged. Depreciation is just a provision (book entry) involving no cash movement. Items that affect equity are share capital/premium, revaluations, PAT balances and appropriations/reserves. There's a basic formula: EQUITY+LIABILITY=ASSET

ositadima1:


Good morning. I am not clear yet. When PAT is zero and no PPE is purchased in a given year, I understand these happen:

1. From the revenue depreciation is deducted along other expenses including tax and interest. So, because depreciation is a non cash (it is not actually expended) item on the income statement there is actually a net income despite PAT being zero.

2. On the balance sheet, If depreciation is deducted from the cost of the asset on that given year then we have a PPE account that is reducing.

If equity remains unchanged, I think there has to be some other account on the balance sheet that was increased to offset the reduction in PPE. Which of the accounts get credited with depreciation proceeds to maintain the balance unchanged?

Redoil:
hello house when will gtbank dividend land

vinco82:
EVERYONE IN THIS FORUM HAVE RECEIVED THEIR ZENITH BANK DIVIDEND EXCEPT ME.
THERE IS GOD!

locodemy:
Pls let someone post the screenshot of chams trade.Still having issues with mytradebook

locodemy:
Pls let someone post the screenshot of chams trade.Still having issues with mytradebook