₦airaland Forum

rationalmind:
If your stop loss is at a major support level, I'll advice you sell once it breaks below.

He who runs from a fight lives to fight another day

rationalmind:
You once said DF cannot get to N7, do you still hold that opinion?

Anyway, we are waiting at N3

currentprice:
it not surprise anymore with the not better than expect DF Q1 result.

it look like only good than expected Q2 can safe this stock.

chai! this stock tht make us rich last year

IchimokuPilot:
Fund the account let them continue......

wanaj0:
Make sure you CLOSE any account that you are not using. Soon the information will be with the credit bureau that you have overdrawn your account with banks hence you are not credit worthy.

Nigerian banks make 'easy' money hence they are not bothered doing 'REAL' banking business.

IchimokuPilot:
NASCON should be trading in the range of ZENITH.
B ut every stock is on its own in these trying times....

rebekah2011:
May 24, before trading commences, it will be marked down.

kolaish:
should be the bolded.

kolaish:
for the JB hopefuls:

https://www.today.ng/business/transport/federal-government-flags-rehabilitation-lagos-abeokuta-expressway-114478

cc: @Chibuking81

mendes911:
You and pictures self. Na this my small data you dey always consume.

Chibuking81:
Most stock struggle to maintain Monday high, but there was no enough fuel. Tomorrow is another day.
#42 is not far for GTB to visit, it will happen soon. UBA will visit sub #10.90 this week, FCMB their MM are losing strength, and might visit #2.30 this week, may be their MM needed money to defend Fidelity.

Why UCAP don't want to visit sub #3, Afriprudent sub #4. Patience is the answer, many are waiting at various junction for the vehicle to arrive.
For now no news to usher in Mr bull, Bear will still dominate the market this week.

It's time to look for sound fundamental stock to fix in your money for 3 months, 6 months and 12 months at 10%/ 20% and above interest rate.

Stocks for 2 months fix deposits from now are
1. Flour mill @ #32/ 34
2. Honeyflour #2.40 or below
3. Cutix. @ #3
4. Conoil. @ #30
5. UBA @ #10.50/10.80
6. Zenith bank @#27.50
7. GTB @ #42

For Nine months
1. Eterna @ #5.30/ #5/50
2. UCAP @ #3 or below
3. Afriprudent #3.70 ( one with patience can get it)
4. Zenith @ # 27.50
5. GTB @ #42
6. UBA @10.50/ 10.80
7. fidelity @ #2.15/2.20
8. FCMB @ #2.20
9.Julius berger @ #27/ 27.50
10. Transcorp @ #1.40
11. Ikeja hotel @ #1.86/ #2

Based on personal findings, you can add yours.

mendes911:
Are you surprised?

onegentleguy:
In the past I have made a few calls on the company CAVERTON OFFSHORE SUPPORT GROUP PLC, with several shouts on why the coy is in line to be one of the best, if not the best performing stock this year.
For the benefit of those who still haven't seen why, I shall make an attempt to give an in-depth analysis of the company drawing from their 2017 YE and Q1 2018 results.

A few highlights:

▪ The company has 4 subsidiary arm (energy, helicopter, integrated services and marine) which are 100% fully owned and which offers offshore support services to several IOCs (shell, lng, total, exxonmobil etc) with tech partners of the likes of AgustaWestland and VP.Ships. ...and services spanning from Offshore & onshore oil field logistics, Executive ground handling services, Vessel charter, Vessel Magt & ship stevedoring, Private charters and Third party maintenance.
▪ The company's maintenance, repair and overhaul (MRO) project, a world class aviation maintenance platform which would see caverton diversify their revenue base and shift focus from their sole reliance in oil & gas related deals is nearing completion. ...the project, which would drive a remarkable turn is expected to double the company's already current outstanding earnings.
▪ The subsidiary Caverton helicopters has begun a new 5 yr contract (with a possible further 2 yr extension) with the NNPC/CHEVRON joint venture to provide aviation services for the chevron escravos project on the 1st of Aprill, 2018. ...to this end, a total of 11 helicopters were provided for execution. Again highlighting the company's solid future earnings drive and profit sustainability.
▪ The company's subsidiary Caverton Marine has seen higher agency deals plus boat & maintenance contracts continuously been executed with the Lagos State Govt. ...with the Gov, A. Ambode recently commissioning 2 State acquired boats.

Looking at their financials;
▪ The company romped up their PAT by a whooping 328.2% to over N2.6b YoY. ...and very much in that line, Q1 has also seen an approx 36.6% growth in PAT to near N300m.
▪ Turnover also came in good with a 6.4% rise to N20.54b.
...though Q1 witnessed a slight drop in this line following a loss in one of their contractual line. However, the said contract line is of the least drive in turnover.
▪ A spur in retained earnings by near 54% YoY to well over N7.4b.
▪ The company also grew their EPS by an amazing 328.2% from 0.18k to 0.78k. ...Q1 has also seen EPS soar by 50% QoQ to 9k.
▪ CAVERTON has the potential to offset any short term liability without an iota of struggle as can be seen from its very healthy current ratio of 1.14x, which makes up for any risk from the high 85.4% and 61% debt to equity and gearing ratio respectively.
Again the company has the capacity to service its interest bearing liabilities as seen by its very strong interest coverage of 50.42x which is by miles above the industrial average of 5.72x. The company can even access more debt if required.
▪ The company is also showing a strong line of profitability with ROAE romping up so nicely from 4.6% to 16.6%. ...an alarming 257.5% increase. This clearly shows management effectiveness with using more debt in acquiring real value.
▪ Management also showed great efficiency as seen by their Equity turnover. ...while Equity multiplier, a ratio which weighs/compares how a coys asset can conveniently replicate equity, came in good at 2.93. Put in a better way, CAVERTONs asset can make up for its equity by 2.93 times (multiplier). ...that to me, is damn remarkable !!

Looking at the company's shareholding structure, Chief Aderemi makanjuola (also the coys chairman) currently owns about 14.94% stake, while Molar vessels and Tesmania investment Ltd owns a 9.04% and 54.03% stake in that order.

With a double digit % growth in net asset and total asset, a price to book value of 0.56x and a book value of N4.80 as at Q1 2018, I have a Fair value of N5.70. ...which presents a very juicy 121.8% discount from last Fridays close of N2.57.
I therefore rate CAVERTON a strong BUY.

Disclaimer: This analysis is purely result driven. ...however, it should not be interpreted to mean any kind of outright recommendation.
DD still advised as always pls.

My Verdict: Follow ur instinct.

Regards.

Chibuking81:
Most stock struggle to maintain Monday high, but there was no enough fuel. Tomorrow is another day.
#42 is not far for GTB to visit, it will happen soon. UBA will visit sub #10.90 this week, FCMB their MM are losing strength, and might visit #2.30 this week, may be their MM needed money to defend Fidelity.

Why UCAP don't want to visit sub #3, Afriprudent sub #4. Patience is the answer, many are waiting at various junction for the vehicle to arrive.
For now no news to usher in Mr bull, Bear will still dominate the market this week.

It's time to look for sound fundamental stock to fix in your money for 3 months, 6 months and 12 months at 10%/ 20% and above interest rate.

Stocks for 2 months fix deposits from now are
1. Flour mill @ #32/ 34
2. Honeyflour #2.40 or below
3. Cutix. @ #3
4. Conoil. @ #30
5. UBA @ #10.50/10.80
6. Zenith bank @#27.50
7. GTB @ #42

For Nine months
1. Eterna @ #5.30/ #5/50
2. UCAP @ #3 or below
3. Afriprudent #3.70 ( one with patience can get it)
4. Zenith @ # 27.50
5. GTB @ #42
6. UBA @10.50/ 10.80
7. fidelity @ #2.15/2.20
8. FCMB @ #2.20
9.Julius berger @ #27/ 27.50
10. Transcorp @ #1.40
11. Ikeja hotel @ #1.86/ #2

Based on personal findings, you can add yours.

swilo:
This kind of bus usually takes all available passengers and locks the door from outside...

Mpeace:
Who is japaul mm. The guy is just...

mendes911:
Diamond Bank. Our 30m units gang is still there.

BOLDNESS.

currentprice:
brov, hope u read where he mention EPS, BOOKVALUE, ROAE etc, meaning he already considered share outstanding

the fact is UBA is a stock to watch. technically it has rejected 10.70 strong support zone on friday. watch uba moving up from tomorrow... though other stock is ready to join the move according to friday trade

Mcy56:
The man apologized already. Can we please drop this!
The fact remains that this whole thing concerned the nation as a whole.
Fine, people are making jokes out of it to douse tensions and frustrations but the truth is, its not about a particular tribe.
Someone asked a question in Sunday School about killings in the North, that what are people in other parts of the nation doing about it? That we like to put up this I dont care attitude, it doesnt concern me attitude or that "it doesnt affect my side" kind of attitude but either in the short or long run it affects the country as a whole.
The kind of attitude displayed here by some people. Is NSE not in Nigeria? Anyway, I understand the angle they are coming from and maybe they are not currently in the country but notwithstanding, we shouldnt be non-chalant about some things sometimes.
In essence, let's be remembering this country in prayers either individually or collectively.
God Bless Nigeria!
Let me come and be going.......