₦airaland Forum

capatainrambo:
the electricity your useless govt export to countries. Do you have it in this your shit hole?

Ugaboy:
If you understand prompt engineering, you will understand that Chatgpt is not in the same level with Deepseek.

The hype and the noise is important to sell a business but the accuracy of both is 90 and 98

chatGPT deals with general knowledge, Deepseek deal on specifically on science based... I

allen113:

GeneralDae:
This is a strategic one. It could be a strategy to formalise the informal cross border trades and reduce this fight for conversion to more expensive dollars. Those from Niger, Benin, and Chad who live in Nigeria and want to trade goods can easily transfer their CFA to Banks without hustling for more expensive dollars from the BDC’s.

SonofElElyonRet:

You SpaceX me, I Zendi you

porthouse7:
of dollar dey go down CFA will also go down, CFA is pegged to the Dollar, the CFA countries are not doing anything better than Nigeria economically

Putindbutt:
See these zombidients, they have nothing but an empty box of head. Your little brain cannot understand the benefits of de-dollarizing the foreign exchange within the system. He's also China stooge for Naira-Yuan deal?, He's also Russian's stooge for joining BRICS?. very dumb people.


The key factor for us is naira stability. It's okay to have a two way deal but Nigerian exporters demand far more dollars than any of the francophone countries.

iichidodo:
[color=#1986BC] CFA is the strongest currency in West Africa, it is fair to say we need them...[/color]

adioolayi:
CFA Franc to strengthen more against the Naira

Streetinvestor2:
Na watin make them wan do kolabo with IGP.The police na them wan market 3rd part insurance this year for them as many naija dey use fake ones..lol

emmanuelewumi:
Presco at full year EPS of N100

talk2me2:
https://doclib.ngxgroup.com/Financial_NewsDocs/43092_CORNERSTONE_INSURANCE_PLC-_YEAR_END_-_FINANCIAL_STATEMENT_FOR_2024_FINANCIAL_STATEMENTS_JANUARY_2025.pdf

https://doclib.ngxgroup.com/Financial_NewsDocs/42920_CORNERSTONE_INSURANCE_PLC-NOTIFICATION_OF_THE_RESIGNATION_OF_A_DIRECTOR_CORPORATE_ACTIONS_JANUARY_2025.pdf

They made loss of 10 kobo per share in Q4

DrAwo:
For those who have been CHAMified, look well before you leap...

Check the difference between the unaudited and the audited results for 2023...

HesInMe:
To be fair, they're trying. At least they're improving their atrocious gross margins, most likely due to changing revenue mix with a shift away from commoditized card printing.

If I were management, I'd quickly raise new equity and continue to reinvent the business like so. Might take 5 years, but if existing shareholders are so Cham'd that they're willing to pay for a low-margin business, you should oblige them.

ositadima1:
Financial Analysis of Chams Holding Company Plc for FY 2024

1. Profitability
- Revenue Growth: Revenue surged by 53% (from ₦9.47B to ₦14.51B), driven by core segments like Printer Solutions (₦7.31B) and Card Personalization (₦6.48B).
- Gross Profit Margin: Improved from 22.5% (2023) to 30.1% (2024), indicating better cost control or pricing power.
- Operating Profit: Jumped 137% to ₦1.89B, reflecting operational efficiency despite rising administrative and staff costs.
- Net Profit: Increased 218% to ₦1.30B, with basic EPS rising from 4.53 kobo to 23.07 kobo.

2. Liquidity & Cash Flow
- Cash Position: Cash reserves grew by 26% (₦1.88B to ₦2.37B), though operating cash flow declined to ₦387.5M (from ₦533.9M in 2023).
- Working Capital: Receivables increased sharply (₦3.93B to ₦6.77B), raising concerns about collection efficiency. Inventory decreased by 62%, suggesting better inventory management.

3. Balance Sheet Strength
- Total Assets: Increased by 12% (₦18.91B to ₦21.08B), driven by investments in PPE (₦7.39B) and intangible assets.
- Debt Levels: Long-term loans nearly tripled (₦783M to ₦1.99B), pushing total liabilities to ₦10.12B. Leverage ratio (Debt/Equity) rose, indicating higher financial risk.
- Equity: Total equity grew to ₦10.96B, but retained earnings remain negative (₦1.11B deficit), though improving from 2023 (₦2.16B deficit).

4. Segment Performance
- Printer Solutions & Card Personalization: Contributed 94% of revenue (₦13.8B combined).
- Payment Systems & Agency Banking: Smaller segments (₦239.7M and ₦475.2M) but potential growth areas.

5. Risks & Concerns
- High Receivables: Trade receivables rose 73% (₦3.93B to ₦6.77B), risking liquidity strain if uncollected.
- Debt Dependency: Reliance on borrowing (₦2.31B new loans) for expansion could pressure future cash flows.
- Negative Retained Earnings: Despite profits, accumulated losses persist, limiting dividend capacity.

6. Audit & Governance
- Unaudited Statements: Results are provisional and subject to adjustments.
- Non-Controlling Interest (NCI): Increased to ₦4.80B, reflecting subsidiary performance.

Conclusion
Chams Holding demonstrated strong growth in revenue and profitability, backed by operational efficiency and segmental strength. But, rising debt, receivables, and persistent retained earnings deficits warrant caution.

emmanuelewumi:
Na wa ooo, United Capital went as low as N1.90k on 12th March 2020

GeeKudi:
Maybe the description should have been better worded. You don't name an item an expense and then enter it as a credit.

On the whole, I think the result is a major improvement from previous years and a clear indication of the direction the company is headed going forward. They just need to quickly double efforts on the planned capital restructuring and adopt more cost effective approaches to running the business.

mikeapollo:
I guess it is a typo
The N17b was actually disclosed as income tax credit in the Q3 2024 results.

GeeKudi:
Can people look at this 65bn very well. Looks like there is an error in the computation. Income tax expences (17bn) was erroneously added to profit before income tax (47bn) to arrive at the 65bn. I think the correct figure should have been 31bn if you deduct income tax from pbt.
Or, maybe I didn't check very well?

Agbalowomeri:
It is very likely that they want to raise funds

SAK:
No now not Obaseki but Otudeko

zendi:
Oando sits on a huge chunk of OPEC's oil reserve;
Has Africa's most important Top Guy as Godfather;
Is languishing under N200, waiting to make somebody rich.

Oando is the world's greatest baby stock.

Not investment advice.

https://www.thisdaylive.com/index.php/2025/01/27/wale-tinubu-oando-has-over-a-billion-barrels-of-oil-reserves/

SAK:
Who is Obaseki on ngx? Otedola I know.

designking:
Oando and Wale has been playing games... You just have to be patient as Oando is not a regular corporation. It is a complicated PLC.

Testimonies777:
We are many waiting for the latest from the BM

designking:
Any update yet?

SAK:
Any news?

essentialone:
This First Bank should even be renamed as OandO Bank; OtedolaAndOtudeko

ojeysky:
I no go mistakenly misread the negative EPS this time around. FTN Cocoa should just come back to sub 1 Jejely

essentialone:
Geregu: Dividend of about 0.74%

fergie001:
SOURCE

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