₦airaland Forum

i dey....dis place 2 dry to come and post comment......

my time is money....dis place na excellent waste of time


no time for phucked up phemmies or brokeback keyboard warriors here


na me try to help young investors here by protecting them from criminals here you don turn me to police lubricant ....ok...kontinue...


dia ris god

Dis kind pounding that I received so sweettt the man took me on his desk.....multiple times if u understandd...



Oya wetin dey fo hia make we go buy access abi na diamond or Gt sef


Kontniu


Happy Sunday in advance ....church program in morning and before that I have another program

and you are dickless thats why you no get hard feelings abi...

neva come around my side ooo ...go hang with the handicap

mendes911:
You spineless man that joked when I sold my Zenith at ₦25 only for it to move up same day. Loco wrote and laughed about it, so did you. We all laughed over it including me, no hard feelings then.

You need to deal with your selective amnesia because it's becoming unbearable!

You are truly the one that needs growing up! I have always thought that hormonal imbalance is your only problem but am getting the vibes that it far supercedes that.

U 2 dey bash lafarge...do u know wetin restricting dey mean?

The ashaka you are talking was already owned by lafarge ...


Maybe u were not among the us who don chop that bull


Lafarge enn is politically handicap but their


cement is d best ask any builder ...


D correct way to chop Lafarge bull is through commercial paper...no b d stock


attacking writhing knowing pshewww

onegentleguy:
One of the worrying issue with LARFAGE WAPCO was the disservice the parent coy (LARFAGE holcim) did to the Nigerian entity. ...because ever since some coperate actions (specifically mergers), the company's financial performance on the back of very poor management efficiency has been to say the least abysmal !!
The merger with Ashaka cement and Unicem was also not properly accounted for. I recall I stated it then that larfage would've been better off expanding on their own than embarking on those mergers. In retrospect, the company paid/gave in more for those margers as could be seen from comparing all involved entities ENTERPRISE VALUE, PBT MARGIN and EBITDA MARGIN as at the time. (comparing that of larfage to ashaka cement and unicem)
That said, the greatest problem with this coy is that of COST MANAGEMENT AND OPTIMIZATION !! Opex margin has been on an upward trajectory since these mergers.
To put things in perspective, operating cost has grown at a CAGR of near 26%, which is at an over 158% faster rate than the 10% CAGR in revenue in the last 3-4 years.
The company's ROAA, ROAE, NET MARGIN, FCF, RoIC and EM also tells of a very 'bad story'.

The SIGNS to most of these issues were always there for any descerning investor to see. ...particularly in the last 6 quaters.
I recall we highlighted some of these RED FLAGS when I advised folks to SELL OFF their holding in the coy at the beginning of Q1 2018 after doing an analysis on the company.
Then, LAFARGE was selling for near N50. ...current price is now N20.7, which is a near 60% loss. ...and which would now require a whooping 142% uprise before an investor can breakeven and sell at the same N50 again !!
With LAFARGE, I always knew the last rights fund raise wouldn't put them in any good stead. Worse still, the company went ahead to pay over N90B as dividend from the money. ...when they were clearly in huge debt and there was need to optimize cost. Money that should've been utilized on delaveraging.
Again, the result print is also showing a few areas of funding mismatch. ...a clear case of gross incompetence on the part of management. Just take a good look at their recent spat of results.
Its clear that the company currently lacks foresight on the need for INNOVATION, coupled with the big issue of COST OPTIMIZATION.
Aside DC, CCNN is also not making things any easy for them. In my view, CCNN has done far much better in the short to mid term.

My advise:
It's best to stay off LARFAGE. ...unless of course, ur investment horizon is of the very long term. But even then, I'd prefer to remain on the side line until there are signs of a positive change in trend with their financials.
Like I always tell folks;
"When u see a company running a business where COST is growing faster than REVENUE on the back of decelerating EARNINGS and at the same time, they keep coming for ur money, RUN and ask questions later !!
If in doubt, u can indulge the past shareholders of Oando.

DISCLAIMER: NOT to be reckoned as any sought of recommendation. ...when in doubt, pls do well to engage the services of an investment manager/adviser for guidance.

Let's hope that things will get better for them !!

Chai dis tin dey look so funny...the hustle is real

shina88:
Join Industry Experts at the 2018 Traders, Investors & Analysts (TIA) MEETUP at the Nigerian Stock Exchange, Marina, Lagos on 30th & 31st October, 2018. Register Now http:///2RrTJgo

So much wrong info here I feel sorry for ppl listening to dem....

If not for work I go catch u b4 ehh


The loans are reducing and Lafarge is restructuring they are the best cement company in the world...na politics dem dey use attack dem for hia.....who no who dem dem

Godlylifeoneart:
Many people have raised a red flag on wapco
I equally posted a comment on red flag signals.
WAPCO n Oando fit into those companies that expand aggressively without having the means.
Every year, dz good for nothing company will be racing preferential shares, bonds commercial papers. All in the name of expansion.
Dangote actually played a smart one on this company by taken makanju and some of their technocrats. Since makanju left, dz company has never be d same.
A company that dangote met in business could no longer rival ccnn. What a pity? Wapco is sinking in debts.
Too late to catch up.... Wapco heading southwards @ km N10 to 15

mendes911:
So much honey in the well!

there are interesting things you can do with honey and toto....this weekend we will try them...if honeywell made honey...i will be a buyer

Mpeace:
By this time last year we were all loving the flour makers especially dangflour, honeywell and flourmills. Chai, love no longer there. No wonder pastor said ''Don't marry because of luv alone''

The business of love is very complex and should not be taken lightly.


this weekend will be full of love with this rain dripping in lekki like this....

Mcy56:

You hit town today. How market? It must have been booming around this time.

i am around...this police job u put on top is hard ooo...i keep catching sold out journalists here specially that i-invest person.

you waka come again?

wetin do your professor who dey recommend ppl on dis forum to come buy first alum yeye stock and come become shell-holder. for life...


you ppl are just creating shell-holders.

not your fault since you are just collecting your small salary to post rubbish here...but your oga on top is the culprit...

take time ooo...we go expose you every time you try am

Infinitisi:
Good morning.

We begin our pre-market coverage of the Nigerian Stock Exchange (NSE).

Pre market runs from 9.30 to 10am daily on the NSE.

During this period, investors can place orders, but no trade occurs.

Figures will take the format Bid(k) vs Offer(k).

Bid represents the amount of stocks people want to buy.

Offer the number of stocks, people wish to sell.

K represents thousands.

Net bid means there are no offers for a stock.

Net offer means there are no buyers for a stock as at pre market.

Bid vs Offer figures are subject to change all through the day.

Access Bank 15k bid vs 49k offered

Dangote Cement 100 units bid vs 1k offered

FBNH 200k bid vs 96k offered

Seplat Petroleum 200 units bid vs 500 units offered

UBA 50k bid vs 55k offered

Wapco 115 units bid vs 10k offered

Zenith Bank 245k bid vs 71k offered

Dangote Flour 61 units bid vs 6k offered

Dangote Sugar 5k bid vs 4k offered

Guaranty Trust Bank 2.5 million bid vs 260k offered

Guinness 20k bid vs 5k offered

International Breweries 25k bid vs 4k offered

Nigerian Breweries 8k bid vs 4k offered

This Nairametrics post is brought to you by I-Invest
Invest in treasury bills in 5 minutes by visiting http:///i-invest_ng Today
Download the app via your Playstore or Apple Store.

Ugosample:
I don't understand what's going on any more

while we dey wait for 75 kobo junction for this mumu stock....oga tony is trying hard to pump the price but we know better...this tech meet na another big eyewash

see maga...

so 25 deals worth 13 million naira is a large trade...

these corrupt journos atleast make u tell us how them them pay you to post such nansense here....comot

how much per post? professor dey thief sef

13 million wey some women dey spend on handbag ....

Infinitisi:
Large Trades:

8.4 million Guaranty Trust Bank shares valued at N310 million traded in 88 deals.

7.8 million FCMB shares valued at N13.3 million traded in 25 deals.


This Nairametrics post is brought to you by I-Invest

Invest in treasury bills in 5 minutes by visiting http:///i-invest_ng Today

Download the app via your Playstore or Apple Store

wetin dey happen ppl....


hope the indepenance day sex romps were long and fun.....


i just woke up....kai let me check wetin dey ontop dis nse wahala

bad music...

he screams...

wizkid no.1

Happy weekend


Wetin Dey for first alum yeye Company...where b dem metrics professor dem Dey push the stock for hia


Top journal-criminals collecting Naira to write boost articles and defraud public...I pity the readers and young investor wey no know d trap...


To those who heard them...welcome you b d latest shell holder ...yeye Dey stink past lawma abt wetin b visionscapist

veecovee:
Easy dear, your mates are about to make 20% from uacn of just last week. Its a matter of timing.

Yes I know of election bear, but common sense tells me that all the monthly candles can't remain red till next year February.

Time yourself very well and take your profit or lost when due before the main bear.

Cheers

how?

the stock don crash....maybe the sale of your small units cause the collapse


pls refrain from making most useless yeye companies seem good investments on this forum...you came a wrote the stock is doing 20% just when it was opened and few units traded ....in the next 5 minuts the stock fell 15% ...whats the agenda? to misguide the gullible to following you...


that uacn you speak of they are finished company...the stock will go towards N 5 soon...


even a gala will be more expensive than stock of that useless company

Olohunjedalo:
You didn’t curse people today . Hmm
This one that you’re praying. I hope all is well

When your losses enter couple of billions then u too will be abusing

Happy Sunday to all.

May god bless you.

He has risen.

Olohunjedalo:
What’s the fate of Skye bank share holders now please

They don apply full tub of Vaseline for their yansh...ready for gang rape by cbn/amcon officials.


U go find vid for pornhub extreme sex section

So Skye bank don die


Just last week I was here warning young investors from staying away from it because some criminals were here trying to prop up the shares...


This forum needs policing to protect investors from cabal of paid con artists of dead beat companies who come and wrote long articles to convince in experienced to buy the shares and become shell holders.


Ok I am open to gender abuse and insults now from the cabal that sits here with multiple monikers

Ssociety always scared by an outspoken woman...na we get women calling me man....its d convenient way sha...even in bible the woman mary is supressed. but she don rise up now

make i show u toto like lady gaga had to do on camera ....ptheww u dont deserve it.


weak women always livin on mercy of others....

E PAIN AM

MonkeyHunter:
Dear Deepsuk,

While repeatedly calling on God to punish people, please note the following as written in the scriptures

1)Thou shall not call the name of thy Lord in vain.
2)The foundation of the lord stands sure bearing this seal God knows those that are his so let everyone that calls the name of the Lord depart from iniquity
3)You can't serve both God and Mammon.
4) Shall we continue in sin and pray that grace should abound, God forbid.

You might want to retrace from the current path on which you are on or else it might be satan that will end up punishing you


Now at no point did I request that anybody should buy the stock. I only requested that the financials should be consulted before making a decision. I however might have erred in calling out other peoples recommendations as having been made without consulting the financials.

I have further consulted the financials and noted the following.

The main issue with First Aluminium is surprisingly not the negative retained but the capital structure. First Aluminium largely uses expensive debt in its operations and had debt of about N2.5 to N3bn as at year end 2017 at an effective rate of 24%. It paid interest of about N750m and tax of N350m during the year to give a profit of N209m. It's EBIT (Earnings before Interest and Tax) was therefore N1.3bn. If it had additional equity of N3bn it would have declared profit of almost N1bn as it would have avoided the interest payment. It therefore needs a capital raise through a rights or public issue to help ensure it works for the shareholders instead of the banks. Mgt tend to be interested in the share price of their companies when they need to raise capital and if possible help to give the share price a boost to what they think is a fair valuation for the company

It is also interesting to note that it obtained a 2.5b BOI this year as shown in the 2nd quarter 2018 results which should help reduce the interest expense as these loans are typically at single digits as opposed to the current cost of funds which is at 24%.

The business is a stable franchise with N10b in turnover annually which is approximately 800m monthly or 40m in sales every working day at 20 working days in a month.

I once again apologies to Wanajo and others for calling their recommendation out as I believe people should be free to give their recommendations on this forum wthout any fear of backlash.

tell me something ?

AS MUSLIMS DO YOU BELIEVE THE EARTH IS ROUND OR FLAT.

we killed them with that news...now they are breathe again...

see power of nigeria...we are giant of africa not south africa

beautiful

Happy bday to you.


Now on top d matter


To all those magas pushing first alum and Skye bank here today ...god will punish u.


Maybe u go con some young ppl here who don’t know your scam yet but v c u clear.


Bone ur useless metrics or the poo that you are serving here saying it’s calculatons while all the by doing is trying to sell a shithouse


Finally to whose who are considering buying based on these recommendations by self professed oracles and experts.....”at the end na shell holder u go b” that pop will smell from adekunle to banana