₦airaland Forum

SonofElElyonRet:
So it is your opinion that they have been deliberately misleading the investing public while in reality they are doing nothing? That would be Ponzi.. sounds ridiculous really

They are definitely doing something, my Boss said they are running some fish ponds. Maybe some point and kill sef, going by the way him take talk am...
Him say make I make sure I count the palm trees...
Him say this one na future future future tense...
Him say I can take time go check, at least I can find the fish pond him know dem get. Then me fit carry their plantation pictures come show am...
Him say make I make sure I count the palm trees..

Locotrader:
Ellah lakes na fish business them dey run in the past.As they wan collapse,they come buy one big company called Telluria.Telluria is into palm production already and Ellah bought them.As I no come understand again,I run leaving one leg of my silpas which means didn't make any profit in Ellah.

Shareholders should investigate this Telluria and Ellah if they want to see light

I wanted to buy last year, I come ask the opinion of my Boss. Him come say na small fish pond sef dem get. I laugh tire. So na you and him do meeting abi..
I asked him why him no wan buy am. He said he is waiting for it at 20 kobo or when him see their product for market...
Him come ask me why brokers go there and no single palm plantation picture was taken or released...

zendi:
Further=
https://stocksng.com/fg-approves-policy-on-marine-and-blue-economy/

Loco! Talk to ChatGpt..

Agbalowomeri:
Na you hide Oracle abi

Agbalowomeri:
Lol see FBI

I was tracking him on two trading platforms. Me and Or*cle just dey laugh the guy..

Locotrader:
The guy that sold 3m champion this afternoon must be regretting now.Village people has caged him.He needs to contact peterichy to learn how to appease the gods.

That offer slept over. The guy resumed today and placed the over 3.1m units at N4.70. A greedy guy cracked 461k units out of it. The guy then quicky removed the remaining units took them to N4.85. The units were again shifted to N4.89. when the over 4m units bid arrived at N4.65, the person again quickly removed his units to N4.99..
After seeing offers arriving below him at N4,99, especially those 690k units at N4.9, he removed his units and brought them again at N4.89. Before I could blink, I saw a sudden yellow flash across my screen, the units were taken out in a single strike (purchase)...

Ginalex:
na $1million to do am🌚

Ginalex:
Mr. .....

You sabi look for trouble ehn..

Edit your message too...

KarlTom:
Engr. Edit the image...

Done, Boss.

Ginalex:
Mr.....

KarlTom:
Engr. Edit the image...

Kk

Loco, I dey see your hand work oo.

Agbalowomeri:
What about Oando?

It was John the Baptist...

Agbalowomeri:
Loco has moved to photoanalytics

...

Locotrader:
Those who sold their majority shares to Enjoy corp are now bidding to take over shares of minority.Hope you are aware of it at the moment?
They have lost out forever unless we go hand over to them at N20 but who go gree self.

Tomorrow we go increase our stake to chop this 6kobo dividend stirring on our face.On Friday being the qualification date, the stock go even jump up and the 6 kobo go be akara money for us on the 21st

I am not aware oo. Why Akwa Ibom no wan release their 10%? Govt hand suppose leave that business. Well it's good for Enjoycorp, it offers them the needed cooperation in the state. Govt there is automatically acting as their Godfather. Dem sef no go want the govt to sell since govt interest means business protection.

These other Loco guys are employing.
Loco, wetin dey happen? This is their third advert I am seeing. Dem dey fire other people ni?
I notice say volume dey increase here everyday somehow. Used to be very illiquid. Where Dem dey get the volume wey Dem dey push out? Company wey no gree correct free float. Hope Dem no go make am completely illiquid along the way...
Na only one Director, Idiahi dey try free volume so far, but that volume sef I believe na still coded people Dem dey hand over to. Well, free float moved to about 13.6% from far below 10% last year..

Locotrader:
I hope you will value the privilege info when it is broadcast?
Na only here people no dey value messages indirectly passed across.Very soon.........
Some will chase a moving train when there is no seats.some will only hang or stand without seats.

'Seeing and eyeing' it abi?
X2 from July...
Food is getting ready!
Regrets go plenty...

SonofElElyonRet:
@DeRuggedProf

Not the edible BUA.

SonofElElyonRet:
Wetin dey do Japaul sef. N1.91
Anyway, I dey in for long term

You need the patience of a croc there...
My candid advice: If your position is heavy there, consider reducing to a comfortable level, use proceeds to hit NB or BUA ( don't ask me why BUA), look at it's daily RSI...
If you want to hit it big, follow Loco with the proceeds. Loco has heard something I heard. I am waiting for him to confess first...

Locotrader:
My own is to spot opportunity and drop.I don do what the spirits asked me to do.
Cileasing has btw now and 28th of next month to respond to the call.
Those who heard ABCTRANS call are not regretting it now

By then, on the monthly chart, price will escape the Ichimoku cloud right at the right edge, if not pulled back into the cloud. Price seem to have decided it will move out of the clouds even if na by ojoro method..

Locotrader:
Expect a possible breakout from C&I leasing any moment from now
Next support is 4.95
Book value of CIleasing is 15.40

Year end Projected price N10-12
Note:Cileasing is yet to release 2024 audited result and Q1 2025.

This is why you are seeing the stock trading at this current price.Those who are bullish on the stock are taking positions now because this stock will sky rocket based on the researches made so far.

Take a look at these consumer services stocks
ABCTRANS
Nahco
Tip
Caverton
Cileasing the only stock yet to respond to bull here.

Based on unaudited 2024, Cileasing revenue increased from N25B in 2023 to N37B in 2024

Assets increased from N79B in 2023 to NN113B in 2024.

2025 is a good year for Cileasing.Their commercial paper was oversubscribed in March 2025.This is a good sign.

Check the news surrounding Cileasing in 2025 below

https://nairametrics.com/2025/03/12/ci-leasing-issues-n10-billion-commercial-paper-takeaways-for-investors/


https://businessday.ng/companies/article/fidelity-fbn-own-most-equity-stakes-in-ci-leasing-plc/

https://nairametrics.com/2025/04/07/ci-leasing-plc-expands-its-use-of-electric-vehicles-at-its-subsidiary-in-ghana-amid-an-impressive-over-subscription-in-recent-series-5-commercial-paper-issuance/

Loco, haba you dey talk too much. Carefully go through their unaudited Q4 2024 to see how they messed up the figures. If you don't have much time, just dump it into ChatGpt together with the audited FY' 2023 and ask ChatGpt to figure out discrepancies. Also ask ChatGpt why the retained earnings figures of last year, PAT of unaudited Q4 '2024 and reported retained earnings of unaudited Q4 are not adding up. Seek further what could possibly be done when auditors step in to do their audit. I don tire make I go rest abeg, I never buy finish oo...
Leave this one alone oo. CP said he doesn't like their ROE which is where he halted further analysis, to resume later oo...
Oga sunrise, better come talk now oo. I know you know something wey I hear small rumour here. Me na rumours, my reach no far, you na the authentic you dey drop..

ojeysky:
Patiently waiting for 2 out of 3 here

One down...
Call Locotrader to come with an opener come carry his kaya...

https://doclib.ngxgroup.com/Financial_NewsDocs/43885_CHAMPION_BREW._PLC.-_QUARTER_1_-_FINANCIAL_STATEMENT_FOR_2025_FINANCIAL_STATEMENTS_APRIL_2025.pdf

Agbalowomeri:
Shey this EPS na audio ni because I can't understand why dem no even fit give N1 from N18

Ote$ no wan send plenty money go give Baba to hire plenty SANs.

Agbalowomeri:
Insiders wey don see results and sell finish

Agbalowomeri:
So, not looking at stock price is a fallacy

Agbalowomeri:
Prof you don open stockbroking firm

No Boss

Is anyone here using Mainland Trust Limited?

Streetinvestor2:
So the FF is just 320m
What a good candidate for price manipulation

Imagine if the last two block buyers, 300m units last year and 350m units today came to buy on the floor. Where would you have gotten the volume to sell to them? Surely a perfect candidate for BUA plays
The last two buyers will be thinking of capital appreciation too. They are not fools. BUA go teach them las las...
This is not too good. NGX should not extend the time for the curing of this FF again. It shows they are up to something here.

yMcy56:
Once it's not in the hands or custody of the majority shareholder, they may classify it as Free Float.....
See sense....😁

That's the annoying part. Out of that 320m, some people here have a good chunk I know about, who are also not ready to sell anytime soon! I wonder why the shareholders here also behave like Akwa Ibom state government! Is there something they are not telling us? No good chunk holder is ready to sell now. Why? They are only moving it around closed corridors. We watch...

yMcy56:
350M in single cross deal @N4.00

FF @ FY'24 moved from 3.58% to 9%. With this X deal, FF is now at 11.88%. Is this how they want to cure the deficiency? By migrating the shares to selected individuals? They promised an offer in Q1 2025 to cure this deficiency. Q1 is almost going. Looks like these guys no wan outsiders for now. This company self...
I am sure the guy/s that initially bought 300m from Idiahi and now the one/s that have bought 350m today won't even be selling a single unit. So how so they improve liquidity?
REAL FF is still at 3.5% or 320m units if you ask me!

From the financial statements of Dangote Sugar Refinery Plc for 2024, we can analyze the arguments of both individuals.

Key Observations from the Financials:

1. Revaluation and Its Effect on Profit

A revaluation surplus of ₦432.17 billion was recorded under Other Comprehensive Income (OCI).

The income tax on this revaluation surplus was ₦106.57 billion, leaving a net revaluation surplus of ₦325.6 billion.

This suggests that the revaluation gains were not part of the profit for the year but rather recorded under OCI.

2. Losses Before and After Taxation

The loss before tax was ₦270.89 billion, and after tax, the net loss stood at ₦192.6 billion.

This means the company was in loss even before considering any revaluation gains.

3. Foreign Exchange Losses

The company suffered foreign exchange losses of ₦201.88 billion, which significantly impacted its financial results.

This loss was largely due to Naira depreciation, making it an unrealized forex loss that could be reversed if the Naira strengthens further.

4. Interest Expenses and Cost of Finance

Interest expense on bank loans was ₦7.25 billion, which is quite significant.

If interest expense exceeds operating profit, it indicates financial strain.


Evaluating the Arguments:

Guy Osita's Claims

He argues that the revaluation was included below profit for the year, affecting EPS negatively. However, the revaluation was not included in the profit for the year but was recorded under OCI.

He also claims that even if the ₦208 billion revaluation is removed, the company would still be in losses. This is correct since the loss before tax was already ₦270.89 billion.

He is correct about the high interest expenses exceeding operating profit, which is a financial concern.

However, his claim that the company "played on intelligence" does not hold since the revaluation was properly accounted for in OCI.


Guy Street's Claims

He correctly notes that the revaluation was not based on physical assets but forex-related losses. This aligns with the financials, where a large portion of losses came from unrealized forex losses.

He also mentions that the company still has over ₦200 billion in unrealized forex losses, which could be written back if the Naira appreciates. This is accurate, as a large part of the losses were from exchange rate fluctuations.

His claim that technically, the company made no loss is incorrect because the core financial results still show a net loss of ₦192.6 billion, excluding the revaluation effects.

He is right about most forex dealings being forward contracts, meaning values may change at future payment dates, impacting reported forex gains/losses.


Final Verdict: Who is More Correct?

Guy Osita is correct in pointing out that the company is still in losses even without the revaluation, and interest expenses are high. However, his understanding of how revaluation is accounted for is flawed.

Guy Street has a better grasp of the nature of forex losses and revaluation, correctly identifying unrealized forex losses as a factor. However, he is wrong in saying the company technically made no loss.


Thus, Guy Street has a stronger argument based on a deeper understanding of forex losses, but his statement about the company not making a loss is incorrect. Guy Osita is right about the losses and interest burden but misunderstands revaluation treatment.