₦airaland Forum

Umehj88:
Is this the mill

And a glimpse of our oil palm plantation next to the mill.

SonofElElyonRet:
I'm approaching 4x
Let the controversy continue

I am on more than x4 too on Ellah. Offload + unboard

Locotrader:
Japaul did not allow you to rejoice with us the insurers.

I am also praying for you @ that Japaul

Oando needs prayers for the party to start again, this time for the three digit milestone.

Locotrader:
Universal arrived N1.
If this stock will meet up with recapitalization,should do nothing less than N5.

This means insurance sector will dominate till the end of this year.

Cheers to all in various boats.

Una go buy venza and build Duplex very soon

Buy the latest venza, it’s hybrid, sleek portable and beautiful. Not those old fuel guzzlers o .

Why now, which TA signal is sensing this. Let every bag in the NSE portfolio rise well well joor

KarlTom:
This insurance rally will fizzle out as early as tomorrow...

Every mallam to his kettle

toyeoye:
Market is open and while the insurance stocks have hit the ground running, Oando is retracing...

Big 9% down now. The food cooking is no more on fire, turning cold

Agbalowomeri:
I knew that was the game plan all along. Otherwise, which one be tranche 1 tranche 2 Lol when all the shares are available for distribution

Since they cannot pay interim and final dividend to reward shareholders, they are rewarding shareholders with growth in their shareholding pending when interim and final dividend will start gushing in.

Dangote port coming to Olokola

GeeKudi:
From the press release by Oando following the H1 report:

"We are pleased to announce that the distribution process has now received all necessary regulatory approvals, including clearance from the Securities and Exchange Commission (SEC). With these approvals secured, Oando confirms that the Tranche 1 distribution is expected to be completed on or before August 8, 2025."

Received tranche 1 in CSCS.

SAK:
CI leasing just keeping going down.

I think CILEASING is consolidating at +/- N7. To me the business in in great health. Profit takers and those that need money will pull down the price from time to time till new data show clearly its earnings level has risen to new levels. With a book value of N15 even with the diluted shares which some are selling (pulling down price), I think the business should be good for the medium term with a market price trending towards its book value as a minimum.

I think the market is watching how debt and profitability will play out going forward.

### 📉 Debt Situation at C & I Leasing (CILEASING)
CILEASING’s **Total Debt to EBITDA ratio** currently stands at **6.0x**, which is relatively high. For context:
- The **industry average** in the same sector is around **3.8x**, with a median of **2.4x**.
- This places CILEASING in the **top quartile for leverage**, meaning it’s more indebted than most of its peers.

This level of debt suggests the company is **highly leveraged**, and while not necessarily alarming, it does mean they’re more exposed to interest rate fluctuations and refinancing risks.

### 💸 Finance Costs vs Profitability
Here’s the catch:
- With a **high debt load**, **finance costs** (interest payments) can eat into profits — especially if earnings don’t grow fast enough to offset them.
- In 2024, CILEASING reported **₦36.74 billion in gross earnings** and **₦1.6 billion in profit after tax**, which shows they’re still profitable.
- However, the **thin margin** between earnings and profit suggests that rising finance costs could **erode profitability** if not managed carefully.

### 🧠 What to Watch Going Forward
- **Interest Rate Trends**: If rates rise, finance costs will increase.
- **EBITDA Growth**: If earnings grow faster than debt, the ratio improves.
- **Debt Restructuring or Paydown**: Any moves to reduce debt would be a positive signal.

crownprince2017:
If you are serious about your money, try to do findings beyond social networks, go see where it's happening.

The board might want to eat deep into the company but surely they have the result you can not see on the Internet.

If you are truly investing for the long term I can assure you that u re sitting on a gold mine based on what I know.

Note: I still don't know what they want to use the 250b for, at least for now.
I believed most of it will come from private placement.

It indeed looks like they just need shareholders for the approval and are not looking up to them to source for the money as the money looks like it’s round the corner to just. They seem more interested in PP and not rights. That is the feeling I get. Whoever provides such funds will likely know what they doing.

ndept:
Gbam. You hit the nail smartly on the head. Even, majority of those complaining here about insider trading will do worse if they are in the position of those they are accusing of insider trading now.

Please tell me, from where do they think the Elumelu wife and family got their information from before accumulating transcorp shares when it was trading around N1? If not from the CEO himself. Is that not an indirect way of Insider trading?

That’s a wrong example of insider trading as such trading were fully reported for us all to see and make whatever meaning we want to make of it. By either joining in buying or watching like a spectator. Also such trading is often restricted to periods after the results have been released while trading is not permitted for them while results are being compiled and vetted.

Bbbwings:
Anybody sabi FCMB. Why the stock no move like other banks.

The last PO weight is too heavy. Too much dilution. Poor PE. However with recent bank share price rallies perhaps its PE is relatively not poor again. However the its last PO brought too much dilution.

Umehj88:
.

Nah inside the premises I dey I only post what I see. The other one didnt have a compound just front view

They need to spend some money to pave out that water puddle

mikeapollo:
Another clever, plausible perspective

The N50 you estimated is also plausible in event of a poor not exciting H1. This low market price related valuation may end being used

Agbalowomeri:

Sweet to some. Disgusting to others

mikeapollo:
They want to raise N500b through the issuance of 10billion shares. My calculation gives me N50 per share, unless I am mistaken.

From the picture attachment by Bagwa, converting $300m into shares is also on the table.

It is clearly stated that the price to be used will be determined through book building and other means.

It can be safely assumed only 10 billion new shares will be issued even if $300m of debt is converted into shares along with a fresh N500 billion being raised. This could imply a price of N100 possible if supported by the book building or other valuation method used. Think N50 is damn too low for use. It won’t be the smartest thing to do. Look at UBA they know the market is depressed or fearful in valuations and won’t do rights on just any low price

I think N50 is damn low

mikeapollo:
So they deliberately manipulated Oando share price to N50.25 (as at Friday 18-Jul-2025) so they could use N50 per share in the notice of AGM for the raising of N500bn additional capital.

Has the price for the capital raise or debt conversion been determined and stated or you are just making assumptions that N50 per share will be used?

UBA has left ACCESS behind for these two reasons amongst others.
1. UBA raised its first recap at N35. While ACCESS did its raise (rights and po) at sub N20.
2. UBA will complete its capital raise at N50 very soon.

These two reasons support a more robust book value per share for UBA following mandated CBN capital raise. While book value per share for ACCESS has been severely watered down. Thus ACCESS is fundamentally behind UBA post capital raise exercise.

However some or perhaps many investors will still have an illusion that they are still mates and this can technically raise market price of ACCESS to play catch up with UBA. But how many bullion vans do such pockets have.

With time both ACCESS and UBA will go further up. But UBA will likely stay ahead of ACCESS.

Mpeace:
UBA need to maintain their stock price above the rights issue, except if they want pple to keep buying from the market rather than the rights.
Why should I buy RI at 50 and wait three months to be credited, when I can simply buy the same stock at 46 on the floor, get credited immediately and enjoy the next dividend payout

The rights are designed for very heavy money that cannot be fulfilled on the floor quickly. Heavy money to fulfill CBN capital raise mandate without undue dilution.

jonnysessy:
Access Bank is the first to complete and announce their recapitalization exercise. They now have about 53 billion OS which i believe is huge. I feel the apathy towards the bank is poor dividend. But, my projection for the bank is that it should be at par with UBA, i know some day they will play catch up. But, if UBA succeed in this final recapitalization exercise it will have about 44 billion OS which still gives UBA an edge over Access.

Tony has done very well for shareholders concerning the mandated CBN capital raise by not diluting their shares any how in this relatively underpriced market of low PE’s. Especially in view of the huge amount CBN mandated UBA to raise. And it’s rights all the way to give shareholders priority to pick more units and fencing non shareholders from the exercise of getting UBA cheaply through the mandated capital raise. He should continue putting shareholders first by progressively increasing dividends.

Olaide1295:
What are your thoughts on this?
cc: @emmanuelewumi

My thinking is that if FBNH is stoked up, we will see a general bull in other FUGAZ so far the fundamentals are good.

Thanks for this. What does SOL stand for. FBNH got too many reds in the picture.

Ibrahim505:
The volume in UBA share purchase today and the total number of bids after market closure is a good indication of institutional investors interest in the stock.
We keep riding

Nice bull.
With NB amongst the three banks (UBA, Zenith, Access) with these huge volumes, indeed suggest institutional investors entering the market. I hope they are mainly Nigerian and not foreign ones. Especially Nigerian ones moving from money markets with falling yields. This may even happen more if their money market bids are rejected. So which of these is happening or what else is happening if something else?

SonofElElyonRet:
Like me.. I have left Oando for those who can handle it.. O koja agbara mi

Topped up more Oando at N54 to replace what I sold at N90 last year.

PETERiCHY:
Some of us PULLED about 40% profits from some of the so called JUNKS STOCKS and still went to QUEUE for TOP-UP on our FUNDAMENTAL STOCKS.

In this GAME follow the MONEY 💰 and be SMART about IT..


BARGAIN HUNTERS TAKE NOTE!

Bought similar volume of Access at 22.35 and 22.4 yesterday as it is the cheapest bank stock at the moment. This your 22 is serious bargain hunt.

KarlTom:
Book some profit with ELLAH.

The tide is slowing down...until a news gives it fresh momentum

Waiting for a higher low of N7

megawealth01:
Holding stocks isn't easy sha... That's how my COSTAIN went off the air but I'm wiser now

I have Costain. Also have Starcomms, UNIC & DUNLOP

There are all kinds of knowledge. Information / Knowledge is Goood

1. FA for long term investing,
2. TA+SA+ whatever gives you info for imminent turnaround ahead of the curve for short/medium/long term speculative trading/investment.

I have come across 1's and 2's on this forum and hugely contributed to contributing to their pros and cons of selected ones.
Thanks to everyone that shares his/her thoughts here. Left for each investor to do his/her due diligence.

megawealth01:
ELLAH must be stopped by all means

It needs to reverse back to a new higher low of 7 biko

megawealth01:
C and I Leasing. We are watching closely if you will perform BETAGLASS wonders as Deprof's friend predicted

He predicted 150. It looks crazy sha but NGX is a game.

C and I Leasing fit surprise this market sha

Good sport (game) for the early birds who have enjoyed bonus and still got upward price rise despite bonus shares. Some stocks returns are real GOOD.

EDUECO:
They are raising funds that they are either going to mismanage or embezzle.

One of the risks of investments. The risk is even higher when a company doesn't have good records of deploying resources efficiently to generate good returns.

StanbicIBTC seem to have messed up today with the web stockbroking application. They have had poor quality service this week with contract notes not issued promptly, outstanding orders notification not issued promptly and trades not issued promptly. Messy service this week. Then today they just started selling a share I already sold earlier in the week all over again without a new sales instruction. What a mess

They have done a mess like this some time in the distant past. Shocked to see such a mess again. One of the risks with brokers and IT systems